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FX.co ★ Fractal analysis for major currency pairs on November 24

Fractal analysis for major currency pairs on November 24

Outlook on November 24:

Analytical overview of major pairs on the H1 TF:

Fractal analysis for major currency pairs on November 24

The key levels for the euro/dollar pair are 1.1994, 1.1962, 1.1915, 1.1897, 1.1839, 1.1807 and 1.1747. The rising pattern from November 11 is being followed here. Now, we expect growth to continue after the price passes the noise range of 1.1897 - 1.1915. In this case, the goal is 1.1962. For the potential value for the top, we consider the level 1.1994. Upon reaching which, price consolidation and downward pullback is expected.

A short-term decline, in turn, is possible in the range of 1.1839 - 1.1837. The last level is considered as the key upside support. The price breaking through this level will encourage the development of a downward trend. In this case, the potential goal is 1.1747.

The main trend is the local structure of November 11, correction stage

Trading recommendations:

Buy: 1.1915 Take profit: 1.1960

Buy: 1.1963 Take profit: 1.1992

Sell: 1.1837 Take profit: 1.1808

Sell: 1.1805 Take profit: 1.1750

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Fractal analysis for major currency pairs on November 24

The key levels for the pound/dollar pair are 1.3439, 1.3410, 1.3363, 1.3329, 1.3284, 1.3250 and 1.3206. Here, we are following the rising pattern from November 13. Now, a short-term growth is expected in the range of 1.3329 - 1.3363. If the last value breaks down, it will lead to a strong growth. The goal here is 1.3410. For the potential value for the top, we consider the level of 1.3439. Upon reaching which, price consolidation and downward pullback are expected.

Meanwhile, a short-term decline is expected in the range of 1.3284 - 1.3250. In case that the last value breaks down, a deep correction will occur. Here, the goal is 1.3206, which is the key support for the top.

The main trend is the upward structure from November 13

Trading recommendations:

Buy: 1.3330 Take profit: 1.3361

Buy: 1.3364 Take profit: 1.3410

Sell: 1.3284 Take profit: 1.3252

Sell: 1.3249 Take profit: 1.3206

Fractal analysis for major currency pairs on November 24

The key levels for the dollar/franc pair are 0.9219, 0.9202, 0.9172, 0.9151, 0.9110, 0.9096 and 0.9074. The price here has drawn up potential initial conditions for the upward cycle from November 23. Now, the pair is expected to rise after the breakout of 0.9151. In this case, the goal is 0.9172, and price consolidation is near this level. If the indicated goal breaks down, it will lead to the development of a strong growth. In this case, the next goal will be 0.9202. For the potential value for the top, we consider the level of 0.9291. After which, a downward pullback is expected.

On the other hand, a short-term decline is possible in the range of 0.9110 - 0.9096. In case that the last value breaks down, it will encourage the development of a downward pattern. In this case, the first potential goal is 0.9074.

The main trend is the initial conditions for the top of November 23

Trading recommendations:

Buy : 0.9151 Take profit: 0.9170

Buy : 0.9173 Take profit: 0.9202

Sell: 0.9110 Take profit: 0.9097

Sell: 0.9094 Take profit: 0.9075

Fractal analysis for major currency pairs on November 24

The key levels for the dollar/yen are 105.64, 105.39, 105.03, 104.71, 104.29, 104.10, 103.93 and 103.70. Here, the price is forming potential initial conditions for the November 23 high. Growth is expected to continue after the level of 104.71 breaks down. In this case, the goal is 105.03. Price consolidation is around which. On the other hand, the breakdown of the level of 105.05 will lead to the development of a strong rise. In this case, the goal is 105.39. As a potential value for the top, we consider the level 105.64. Upon reaching which, a downward pullback is expected.

A short-term decline, in turn, is likely in the range of 104.29 - 104.10. If the last value breaks down, a deep correction will occur. Here, the goal is 103.93, which is a key support for the upward pattern. The development of a downward trend will be in favor if this level breaks down. In this case, the first goal is 103.70.

The main trend is the formation of initial conditions for the upward cycle of November 23

Trading recommendations:

Buy: 104.71 Take profit: 105.00

Buy : 105.05 Take profit: 105.37

Sell: 104.27 Take profit: 104.10

Sell: 104.08 Take profit: 103.95

Fractal analysis for major currency pairs on November 24

The key levels for the USD/CAD pair are 1.3225, 1.3173, 1.3133, 1.3107, 1.3060, 1.3026, 1.2984, 1.2957 and 1.2925. The situation has entered an equilibrium state and in order to continue rising, it is necessary to create local initial conditions. Meanwhile, a short-term decline and price consolidation are in the range of 1.3060-1.3026. If the last value breaks down, it will lead to the development of a strong decline. The goal here is 1.2984. Now, another short-term decline and consolidation can be expected. For the potential value for the bottom, we consider the level of 1.2925. Upon reaching which, an upward pullback can be expected.

Now, a short-term growth is possible in the range of 1.3107 - 1.3133. If the last value breaks down, it will encourage the formation of a local pattern for an upward trend. In this case, the potential goal is 1.3173, which is a key resistance for the top.

The main trend is the upward structure from November 9, correction stage

Trading recommendations:

Buy: 1.3107 Take profit: 1.3131

Buy : 1.3135 Take profit: 1.3172

Sell: 1.3060 Take profit: 1.3028

Sell: 1.3024 Take profit: 1.2985

Fractal analysis for major currency pairs on November 24

The key levels for the AUD/USD pair are 0.7444, 0.7414, 0.7373, 0.7342, 0.7307, 0.7290, 0.7265 and 0.7224. Here, we are following the local bullish pattern from November 13. The pair is expected to further rise after the level of 0.7342 breaks down. In this case, the first goal is 0.7373. Price consolidation is expected near this level. On the other hand, in case of breakdown of the level 0.7374, a strong growth is likely. The next goal is 0.7414. For the potential value for the top, we consider the level 0.7444. Upon reaching which, a downward pullback can be expected.

Now, a short-term decline is expected in the range of 0.7307 - 0.7290. If the last value breaks down, a deep correction will occur. Here, the goal is 0.7265, which is the key support for the top. The price passing this level will lead to the development of a downward trend. In this case, the first goal is 0.7224.

The main trend is the local structure of November 13

Trading recommendations:

Buy: 0.7342 Take profit: 0.7371

Buy: 0.7374 Take profit: 0.7412

Sell : 0.7307 Take profit : 0.7291

Sell: 0.7288 Take profit: 0.7265

Fractal analysis for major currency pairs on November 24

The key levels for the euro/yen pair are 124.48, 124.33, 124.09, 123.93, 123.59, 123.43 and 123.19. The upward pattern from November 19 is being followed here. At the same time, a short-term growth is expected in the range of 123.93 - 124.09. In case that the last value breaks down, it will lead to a strong movement. The goal here is 124.33. As a potential value for the top, we consider the level 124.48. Upon reaching which, price consolidation and downward pullback are possible.

A short-term decline, in turn, is possible in the range of 123.59 - 123.43, If the last value breaks down, it will lead to a deep correction. The goal is 123.19, which is the upward key support.

The main trend is the upward cycle of November 19

Trading recommendations:

Buy: 123.93 Take profit: 124.08

Buy: 124.11 Take profit: 124.31

Sell: 123.59 Take profit: 123.44

Sell: 123.41 Take profit: 123.21

Fractal analysis for major currency pairs on November 24

The key levels for the pound/yen pair are 141.24, 140.60, 140.16, 139.50, 138.86, 138.44 and 138.00. Here, we are following the formation of an upward pattern from November 19. Now, the pair is expected to rise after the breakdown of the level of 139.50. In this case, the goal is 140.16. Meanwhile, price consolidation is in the range of 140.16 - 140.60. For the potential value for the top, we consider the level 141.24. Upon reaching which, a downward pullback is expected.

A short-term decline is possible in the range of 138.86 - 138.44. In case that the last value breaks down, a deep correction will occur. Here, the goal is 138.00, which is the key support for the top.

The main trend is the upward structure from November 19

Trading recommendations:

Buy: 139.50 Take profit: 140.16

Buy: 140.17 Take profit: 140.60

Sell: 138.86 Take profit: 138.45

Sell: 138.42 Take profit: 138.00

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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