Fractal analysis of the main currency pairs for November 5

Trading 05 nov 2019 Donner votre avis

Forecast for November 5:

Analytical review of currency pairs on the scale of H1:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1251, 1.1212, 1.1198, 1.1181, 1.1140, 1.1123, 1.1096 and 1.1072. Here, the price issued a pronounced medium-term initial conditions for the top of October 29. The continuation of the movement to the top is expected after the breakdown of the level of 1.1181. In this case, the target is 1.1198. Price consolidation is in the range of 1.1198 - 1.1212. For the potential value for the top, we consider the level of 1.1251, expressed movement to which, is expected after the breakdown of the level of 1.1212.

Consolidated movement is expected in the range 1.1140 - 1.1123. The breakdown of the latter value will lead to an in-depth correction. Here, the goal is 1.1096. This level is a key support for the ascending structure. Its breakdown will allow us to count on movement to the level of 1.1072.

The main trend is the initial conditions for the top of October 29.

Trading recommendations:

Buy: 1.1181 Take profit: 1.1198

Buy: 1.1212 Take profit: 1.1250

Sell: 1.1120 Take profit: 1.1098

Sell: 1.1094 Take profit: 1.1073

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For the pound / dollar pair, the key levels on the H1 scale are: 1.3148, 1.3102, 1.3037, 1.2986, 1.2910, 1.2868 and 1.2804. Here, we are following the initial conditions for the top of October 29. The continuation of the movement to the top is expected after the breakdown of the level of 1.2986. In this case, the target is 1.3037. Price consolidation is near this level. The breakdown of the level of 1.3040 should be accompanied by a pronounced upward movement. Here, the target is 1.3102. For the potential value for the top, we consider the level of 1.3148. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Consolidated movement is expected in the range of 1.2910 - 1.2868. Hence, the high probability of a reversal to the top, as well as a breakdown of the level of 1.2868 will lead to the development of a downward trend. In this case, the potential target is 1.2804.

The main trend is the upward structure of October 29, the correction stage

Trading recommendations:

Buy: 1.2986 Take profit: 1.3035

Buy: 1.3040 Take profit: 1.3102

Sell: Take profit:

Sell: 1.2865 Take profit: 1.2805

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For the dollar / franc pair, the key levels on the H1 scale are: 0.9910, 0.9892, 0.9879, 0.9857, 0.9837, 0.9822 and 0.9798. Here, we are following the development of the descending structure of October 28. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9855. In this case, the target is 0.9837. Short-term downward movement, as well as consolidation is in the range of 0.9837 - 0.9822. For the potential value for the bottom, we consider the level of 0.9798. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 0.9879 - 0.9892. The breakdown of the last value will lead to an in-depth correction. Here, the target is 0.9910. This level is a key support for the downward structure.

The main trend is the descending structure of October 28.

Trading recommendations:

Buy : 0.9879 Take profit: 0.9890

Buy : 0.9893 Take profit: 0.9910

Sell: 0.9855 Take profit: 0.9838

Sell: 0.9835 Take profit: 0.9822

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For the dollar / yen pair, the key levels on the scale are : 109.72, 109.42, 109.22, 108.93, 108.51, 108.34, 108.15 and 107.88. Here, the price forms an upward structure from November 1. The continuation of the movement to the top is expected after the breakdown of the level of 108.93. In this case, the goal is 109.22. Short-term movement, as well as consolidation is in the range of 109.22 - 109.42. For the potential value for the top, we consider the level of 109.72. Upon reaching which, we expect a pullback to the bottom.

Short-term downward movement is expected in the range of 108.51 - 108.34. The breakdown of the last value will lead to an in-depth correction. Here, the goal is 108.15. This level is a key support for the upward structure.

The main trend: the formation of the ascending structure of November 1.

Trading recommendations:

Buy: 108.93 Take profit: 109.22

Buy : 109.24 Take profit: 109.40

Sell: 108.50 Take profit: 108.35

Sell: 108.32 Take profit: 108.15

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3268, 1.3246, 1.3208, 1.3185, 1.3143, 1.3124 and 1.3101. Here, the price forms the long-term initial conditions for the upward cycle of October 29. Short-term movement to the top is expected in the range of 1.3185 - 1.3208. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.3246. For the potential value for the top, we consider the level of 1.3268. Upon reaching this level, we expect a pullback to the bottom.

Short-term downward movement is possibly in the range of 1.3143 - 1.3124. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1.3101. This level is a key support for the upward structure.

The main trend is the formation of initial conditions for the top of October 29.

Trading recommendations:

Buy: 1.3185 Take profit: 1.3206

Buy : 1.3209 Take profit: 1.3246

Sell: 1.3143 Take profit: 1.3126

Sell: 1.3122 Take profit: 1.3101

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For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6959, 0.6938, 0.6928, 0.6910, 0.6888, 0.6874 and 0.6854. Here, we are following the development of the local upward cycle of October 28. At the moment, the price is in correction. The continuation of the movement to the top is expected after the breakdown of the level of 0.6910. In this case, the target is 0.6928. Price consolidation is in the range of 0.6928 - 0.6938. For the potential value for the top, we consider the level of 0.6959. Upon reaching this level, we expect a pullback to the bottom.

Consolidated movement is possibly in the range of 0.6888 - 0.6874. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 0.6854. This level is a key support for the top.

The main trend is the local structure for the top of October 28, the correction stage.

Trading recommendations:

Buy: 0.6910 Take profit: 0.6928

Buy: 0.6938 Take profit: 0.6959

Sell : Take profit :

Sell: 0.6873 Take profit: 0.6855

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For the euro / yen pair, the key levels on the H1 scale are: 121.46, 121.17, 121.00, 120.74, 120.22, 119.83, 119.55 and 119.38. Here, we monitor the downward potential of October 30. At the moment, the price is in the correction zone. The continuation of movement to the bottom is expected after the breakdown of the level of 120.22. In this case, the first goal is 119.83, before this value, we expect expressed initial conditions for the downward cycle. The breakdown of the level of 119.80 will lead to the development of the cycle. In this case, the goal is 119.55. Price consolidation is in the range of 119.55 - 119.38.

Consolidated movement is expected in the range of 120.74 - 121.00, The range of 121.00 - 121.17 is the key support for the descending structure of October 30. Its passage at a price will lead to the development of an upward trend. Here, the goal is 121.46.

The main trend is the downward potential of October 30.

Trading recommendations:

Buy: Take profit:

Buy: 121.18 Take profit: 121.44

Sell: 120.20 Take profit: 119.85

Sell: 119.80 Take profit: 119.55

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For the pound / yen pair, the key levels on the H1 scale are : 142.82, 141.23, 139.53, 138.70, 137.79 and 137.08. Here, the price is still in the equilibrium. The continuation of movement to the top is expected after the breakdown of the level of 141.23. In this case, the potential target is 142.82. Upon reaching which, we expect consolidation, as well as a pullback to the bottom.

Short-term downward movement, as well as consolidation, are possible in the range of 139.53 - 138.70. The breakdown of the last value will lead to a long correction. Here, the target is 137.79. The range of 137.79 - 137.08 is the key support for the top.

The main trend is the medium-term upward structure of October 8, the formation of potential for the downward movement of October 21.

Trading recommendations:

Buy: Take profit:

Buy: 141.25 Take profit: 142.80

Sell: 139.50 Take profit: 138.75

Sell: 138.65 Take profit: 137.80

The material has been provided by InstaForex Company - www.instaforex.com

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