Technical analysis as of 04.01.2021
euro A currency pair against the US dollar has worked a wave of growth to 1.2300 and a correction to 1.2220. Today, we expect the growth structure to grow to 1.2270. Then – drop to 1.2240. For these levels, consideration should be given to consolidating the scope. When exiting it, it does not rule out a continuation of the correction to the level of 1.2218. With the development of production, the potential for the development of the next wave of growth will open up to 1.2326.
U.S. dollar is traded in a growth structure to 1.3722. After its development, we expect to start the correction to 1.3571. Then – rise to 1.3643. For these levels, you can create a consolidation scope. With its exit, the potential for a drop to 1.3455 will open up. The goal is the first.
US dollar currency pair against the Russian ruble worked the correction to 74.74. With the opening of the market, we expect a drop to 73.73. And with this level down, it will open up the potential to reach 72.60. The target is local. Almost for the continuation of the wave to fall to the level of 71.71.
US dollar currency pair to Japanese yen worked a wave of declines to 102.95 and corrections of 103.30. Today, the market remains under pressure to fall to 102.70. Once developed, the correction link is not excluded until 103.30. It then narrows to 102.50. The main objective.
US dollar-to-Swiss franc currency pair reversed to 0.8800 and was revised up to 0.8850. Today, we expect to see the scope of consolidation below this level. With the exit from it, consider continuing the development of the wave of decline to the level of 0.8750.
US dollar rose to 0.7744 and correction to 0.7681. Today, the market returned to 0.7717. At these levels, we expect to create a scope for consolidation. With the way out of it, the potential to drop to .7629 will open. With an increase in production continuation of the growth wave to 0.7781 is not excluded.
Crude oil today is under pressure to rise to 52.30. Once it has been developed, the correction link is not excluded until 51.55. Then we expect it to rise to 53.50. The target is local.
Gold today is trading under upward pressure. We expect the level of 1931.14 to be worked out. After that, the correction link to 1907.97 is not excluded. Next, let’s look at the probability of rising to 1948.70 levels.
Bitcoin market worked a wave of growth to 33,000 and a correction to 30,600. Today, the market remains in the next growth structure to 35555. After its development, we expect the beginning of a wave of decline to 30,000.
The stock market index is trading at 3766.2 today. Once worked out, we will consider the probability of a correction to 3725.5. Then we expect growth to 3800.6. The goal is the main one. This will be the end of the growth wave potential. We expect the start of the downward tide to 3600.0.
Ind.) 101,000 Financial Market Forecasts are private opinions of the authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results of the work that may occur when using the trading recommendations of the presented reviews.