Technical analysis for 06.11.2020
06.11.2020 10100 EURUSD
Euro Currency pair against the US dollar is traded under upward pressure. The market was at 1.1777 and stretched its growth structure to 1.1853. At the moment, the scope of consolidation is being created at this level. “Throwing away” prices up to 1.1880 is not excluded. Next, let’s look at the probability of starting a downward wave. The first goal was 1.1688. Then we expect a correction to 1.1777. It is then possible to continue the drop to 1.1600.
U.S. dollar-to-dollar trade union rose to 1.3040 and with it the division stretched the growth structure to 1.3152. At the moment, the market is creating a series of consolidations at this level. We expect a drop to 1.3040. After that, “throwing” the price to the level of 1.3171 is not excluded. Then consider the probability of a descent wave beginning at 1.2911.
US dollar currency pair against the Russian ruble broke 78.00 and continues to trade under downward pressure. Today we expect a overlap of 76.40. Then consider the probability of correction up to 78.00 (test from below). It is then possible to develop a different structure of decline to 75.07.
THE CURRENCY PAIR OF THE US DOLLAR TO THE JAPANESE YEN has worked a downward wave to 103.40 and is currently forming a consolidation range over it. Correction link to 104.40 (test from below) is not excluded. It then narrows to 102.50.
The us dollar-to-Swiss franc pair has created a consolidation range around 0.9119 and, with the downturn, has translated into a potential decline to 0.9030. Today we will consider the probability of an increase associated with the level of 0.9119. Then we expect a drop to 0.9070.
US dollar created a consolidation range around 0.7159 and with the breakdown worked out a move measured to 0.7272. At the moment, the market is creating a new scope for consolidation at this level. It is not 0.7301. Then we expect the beginning of a wave of declines to the level of 0.7159.
Crude oil continues to expand its consolidation range above 39.50. Today, his test in advance is not excluded. Next, let’s look at the probability of an increase to 41.41. And with its explosion upwards, the growth potential will open to 42.72. The goal is the first.
Gold was supported at 1889.86, worked on a growth link to 1913.50, and the upward division made the measured move to 1946.72. Practically, the market proposes to consider the likelihood of another growth matrix to 1964 levels44. Today we expect a correction link to 1913.50 (test in advance). Then – an increase of 1964.44. Then we expect the beginning of the wave to drop to 1888.88.
Bitcoin market worked to rise to 14500 and with the number of continuation of the trend increased to 15953. Today consolidation is emerging below this level. “Throwing away” the price to 16200 is not excluded. The target is local. Then consider the probability of starting a correction to 13,000 (pre-test).
Stock Index has been up to 3530.5. At the moment, the market is creating a series of consolidations underneath it. You can extend the range up to 3545.3. Then consider the probability of a descent wave beginning at 3334.4. The goal in the next wave of decline – the first.
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.