Technical analysis for 02.11.2020
euro The currency pair against the US dollar is traded in a structure of decline to 1.1625. After its development, a correction link with 1.1676 is not excluded. Then – a continuation of the downward trend. With the division of 1.1625, the potential for a drop to 1.1582 will open up with the prospect of reaching 1.1500.
Pound currency pair to US dollar worked a wave of decline to 1.2896 and correction to 1.2985. Today, the market is trading at a breakout of 1.2896. We expect a drop to 1.2811. Subsequently, the association of growth with the level of 1.2896, the test from below, is not excluded. Next – down to 1.2777 with the prospect of continuing the trend to 1.2500.
US dollar currency pair against the Russian ruble continues to form a consolidation range above 78.60. “Throwing away” the price at 80.00 is not excluded. Next, consider the probability of falling to 78.60. And with its breakout down it will open up the potential to drop to 76.50 with the prospect of continuing the trend to 74.25.
Japanese dollar currency pair to Japanese yen continues to expand its consolidation range around 104.50. It is not excluded to link the increase from 104.87 (at least) then relapse to 104.00. And with its breakout down it will open up the potential to drop to 103.46 with the prospect of continuing the trend to 102.50.
US dollars traded at 0.9170. Today, consider the probability of working out .9205. Then the correction link to the level 0.9170, the test in advance, is not excluded. After that, we expect the trend to continue to 0.9300.
THE AUSTRALIAN dollar against the US dollar is trading at 0.7009 down. We expect to work out 0.6950. An adjustment of 0.7009 is then not excluded. Next, consider the probability of the trend continuing to 0.6890.
Oil today broke 37.40 down. The possibility of a drop to 36.02 was discovered. It is not excluded to overlap the level of 35.10. Next, let’s look at the probability of an increase of 40.50. And with the breakdown of this level, we expect to reach 44.60.
Gold today is trading near the upper end of the consolidation range – 1882.90. It is expected to fall to 1860.60. And with its division will open the possibility of reduction to 1834,76. The target is local.
Bitcoin market has made a price drop to 14000 and is currently trading at 13,500. After that, we expect to link the increase to 13700. Next, let’s look at the probability of a reduction to 13,000.
The stock market index continues to form a consolidation range around 3270.0. Today we will consider the probability of leaving it to 3200.1. Additionally, a correction link to 3270.0 is not excluded. Then – drop to 3130,2.
Ind.) /> 101,000 Financial Market Forecasts is a private opinion of their 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.