Fractal analysis of major currency pairs for December

Forecast for December 3:

Analytical review of H1-scale currency pairs:For the Euro / Dollar currency pair, the key levels on the H1 scale are: 1.1477, 1.1429, 1.1414, 1.1392, 1.1364, 1.1297, 1.1266, 1.1233 and 1.1206. Here, the price is close to the cancellation of the ascending structure of November 28, for which a breakdown of the level of 1.1297 is necessary. In this case, the first target is 1.1266 and the breakdown of which, in turn, must be accompanied by a pronounced move to the level of 1.1233. The potential value for the bottom is considered the level of 1.1206, upon reaching which we expect a rollback to the top. An upward movement is expected after the breakdown of 1.1364. Here, the first target is 1.1392 and the breakdown of which will continue the development of the upward structure from November 28. In this case, the target is 1.1414 and consolidation is near this level. The passage at the price of the range of 1.1414 - 1.1429 will lead to a movement to the potential target of 1.1477, upon reaching which we expect a rollback downwards.

The main trend is the formation of the upward potential of November 28, the stage of deep correction.

Trading recommendations:

Buy 1.1364 Take profit: 1.1390

Buy 1.1392 Take profit: 1.1414

Sell: 1.1295 Take profit: 1.1268

Sell: 1.1264 Take profit: 1.1235For the Pound / Dollar currency pair, the key levels on the H1 scale are: 1.2925, 1.2873, 1.2850, 1.2741, 1.2691, 1.2658, 1.2613 and 1.2583. Here, the descending structure of November 22 is still relevant for setting goals. Its cancellation is possible after the price passes the range of 1.2850 - 1.2873. In this case, the goal is 1.2925, up to this level, we expect clearance of the expressed initial conditions for the top. The continuation of the downward movement is expected after the breakdown of 1.2741. In this case, the first target is 1.2691. The short-term downward movement is possible in the range of 1.2691 - 1.2658 and the breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.2613. The potential value for the bottom is considered the level of 1.2583, upon reaching which we expect consolidation, as well as a rollback to the top.

The main trend is the local downward cycle of November 22, the stage of correction.

Trading recommendations:

Buy: 1.2873 Take profit: 1.2925

Buy: Take profit:

Sell: 1.2740 Take profit: 1.2693

Sell: 1.2656 Take profit: 1.2614For the Dollar / Franc currency pair, the key levels on the H1 scale are: 1.0058, 1.0037, 1.0022, 0.9998, 0.9964, 0.9945 and 0.9915. Here, we are following the formation of the ascending structure from November 29th. An upward movement is expected after the breakdown of 0.9998. In this case, the goal is 1.0022 and in the range of 1.0022 - 1.0037 is the price consolidation. The potential value for the top is considered the level of 1.0058, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 0.9964 - 0.9945 and the breakdown of the latter value will lead to the cancellation of the ascending structure of November 29. In this case, the first potential target is 0.9915.

The main trend is the formation of the ascending structure of November 29.

Trading recommendations:

Buy: 0.9998 Take profit: 1.0020

Buy: 1.0037 Take profit: 1.0056

Sell: 0.9964 Take profit: 0.9947

Sell: 0.9943 Take profit: 0.9915For the Dollar / Yen currency pair, the key levels on the scale of H1 are: 114.91, 114.52, 114.34, 114.02, 113.67, 113.45 and 113.07. Here, we continue to follow the development of the ascending cycle of November 20. An upward movement is expected after the breakdown of 114.02. In this case, the goal is 114.34 and in the range of 114.34 - 114.52 is the price consolidation. The potential value for the top is considered the level of 114.91, upon reaching which we expect a rollback downwards.

The short-term downward movement, as well as consolidation, is possible in the range of 113.45 - 113.07. The breakdown of the latter value will lead to the development of a downward trend. In this case, the potential target is 112.57.

The main trend is the rising structure of November 20, the stage of deep correction.

Trading recommendations:

Buy: 114.04 Take profit: 114.34

Buy: 114.52 Take profit: 114.90

Sell: 113.44 Take profit: 113.12

Sell: 113.05 Take profit: 112.65

The main trend is the local rising structure of November 26.

Trading recommendations:

Buy: 1.3301 Take profit: 1.3337

Buy: 1.3363 Take profit: 1.3410

Sell: 1.3219 Take profit: 1.3185

Sell: Take profit:

For the Australian dollar / dollar currency pair, the key levels on the H1 scale are: 0.7457, 0.7425, 0.7375, 0.7337, 0.7314, 0.7279, 0.7246 and 0.7198. Here, we are following the rising structure of November 27. The continuing upward movement is expected after the breakdown of 0.7375. In this case, the target is 0.7425. The potential value for the top is considered the level of 0.7457, after reaching which we expect consolidation, as well as a rollback to the top.

The short-term downward movement is possible in the range of 0.7337 - 0.7314 and the breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.7279 and this level is the key support for the top. The breakdown will have to form the initial conditions for the downward cycle. In this case, the first target is 0.7246 .

The main trend is the ascending structure of November 27.

Trading recommendations:

Buy: 0.7377 Take profit: 0.7425

Buy: 0.7425 Take profit: 0.7455

Sell: 0.7335 Take profit: 0.7316

Sell: 0.7311 Take profit: 0.7280

For the Euro / Yen currency pair, the key levels on the H1 scale are: 130.45, 130.05, 129.76, 129.34, 128.89, 128.64 and 128.33. Here, we continue to monitor the ascending structure of November 23. We expect the continuation of the upward movement after the breakdown of 129.34. In this case, the goal is 129.76 and in the range of 129.76 - 130.05 is the short-term upward movement, as well as consolidation. The potential value for the top is considered the level of 130.45, after reaching which we expect a rollback downwards.

The short-term downward movement, as well as consolidation, are possible in the range of 128.89 - 128.64. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 128.33 and this level is the key support for the top.

The main trend is the upward structure of November 23.

Trading recommendations:

Buy: 129.36 Take profit: 129.74

Buy: 129.78 Take profit: 130.05

Sell: 128.62 Take profit: 128.33

Sell: 128.30 Take profit: 127.80

For the Pound / Yen currency pair, the key levels on the H1 scale are: 147.81, 147.32, 146.59, 146.32, 145.86, 144.91, 144.43 and 143.99. Here, we continue to follow the formation of the local ascending structure from November 20. At the moment, the price is close to the cancellation of this structure, for which a breakdown of 114.43 is necessary. The continuation of the upward movement is expected after the breakdown of 145.86. In this case, the target is 146.32 and consolidation is near this level. The passage of the price of the range of 146.32 - 146.59 will lead to a pronounced movement. Here, the goal is 147.32. The potential value for the top is considered the level of 147.81, after reaching which we expect a rollback downwards.

The short-term downward movement is possible in the range of 144.91 - 144.43 and the breakdown of the latter value will lead to the cancellation of the ascending structure of November 20. In this case, the first potential target is 143.99.

The main trend is the formation of potential for the top of November 20.

Trading recommendations:

Buy: 145.88 Take profit: 146.30

Buy: 146.65 Take profit: 147.30

Sell: 144.90 Take profit: 144.55

Sell: 144.40 Take profit: 144.00