Outlook on November 25:
Analytical overview of major pairs on the H1 TF:
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 of 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
The key levels for the pound/dollar pair are 1.3516, 1.3453, 1.3426, 1.3381, 1.3329, 1.3291, 1.3250 and 1.3206. Here, we are following the rising cycle from November 13. The pair is expected to continue rising after the level of 1.3381 breaks down. In this case, the goal is 1.3426. Meanwhile, price consolidation is in the range of 1.3426 - 1.3453. As a potential value for the top, we consider the level 1.3516. A downward pullback is expected upon reaching this level.
On the other hand, a short-term decline is expected in the range of 1.3329 - 1.3291. In case that the last value breaks down, a deep correction will occur. The goal here is 1.3250, which is a key upward support level. If this goal breaks down, it will lead to the development of a downward trend. In this case, the potential goal is 1.3206.
The main trend is the upward structure from November 13
Trading recommendations:
Buy: 1.3381 Take profit: 1.3426
Buy: 1.3454 Take profit: 1.3516
Sell: 1.3329 Take profit: 1.3292
Sell: 1.3289 Take profit: 1.3250
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.
Meanwhile, 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
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. The upward trend 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. The goal is 103.93, which is a key support for the upward pattern. If this level breaks down, the downward trend will continue. 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
The key levels for the USD/CAD pair are 1.3091, 1.3060, 1.3038, 1.2984, 1.2957, 1.2916 and 1.2891. The continuation of the downward pattern from November 13 is being followed here. Now, a short-term decline is expected in the range of 1.2984 - 1.2957. In case that the last value breaks down, it will lead to a strong decline. The goal here will be 1.2916. For the potential value for the bottom, we consider the level of 1.2891. Upon reaching which, price consolidation and upward pullback are expected.
A short-term growth, on the other hand, is likely in the range of 1.3038 - 1.3060. In case that the last value breaks down, a deep correction will occur. Here, the goal is 1.3091, which is a key downward support level.
The main trend is the downward cycle of November 13
Trading recommendations:
Buy: 1.3038 Take profit: 1.3058
Buy : 1.3061 Take profit: 1.3090
Sell: 1.2984 Take profit: 1.2958
Sell: 1.2955 Take profit: 1.2917
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 and the formation of a local upward pattern from November 23. Against this background, a short-term growth and consolidation is expected in the range of 0.7342 - 0.7373. Now, if the level of 0.7374 breaks down, a strong rise will be possible. The goal here is 0.7414. For the upside potential level, we consider the level 0.7444. Upon reaching which, a downward pullback is 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 23
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
The key levels for the euro/yen pair are 125.24, 125.00, 124.78, 124.48, 124.09, 123.93 and 123.68. The upward cycle from November 19 is closely monitored here. Thus, we expect the pair to further rise after the breakdown of the level of 124.48. In this case, the goal is 124.78. On the other hand, there is a short-term growth and consolidation in the range of 124.78 - 125.00. For the upward potential value, we consider the level 125.24. A downward pullback is expected upon reaching this level.
A short-term decline is possible in the range of 124.09 - 123.93. Here, breaking through the last value will lead to a deep correction. The goal is 123.68, which is a key support for the top.
The main trend is the upward cycle of November 19
Trading recommendations:
Buy: 124.50 Take profit: 124.78
Buy: 124.80 Take profit: 125.00
Sell: 124.09 Take profit: 123.94
Sell: 123.91 Take profit: 123.68
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. Currently, the price is expected to move to the level of 140.16. Meanwhile, price consolidation is found in the range of 140.16 - 140.60. For the potential value for the top, we consider the level 141.24. A downward pullback is possible after reaching this level.
A short-term decline, in turn, is possible in the range of 138.86 - 138.44. If the last value breaks down, it will lead to a deep correction. The goal here is 138.00, which is an upward key support.
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
