Technical analysis for 09.12.2020
Euro Currency pair against the US dollar continues to form a consolidation range around the level of 1.2116. Today, its expansion to 1.2155 is not excluded. Next, consider the probability of a drop to 1.2080. Creating a correction to 1.2080 is practically taken into account. When completed, it is possible to rise to 1.2282.
U.S. pound to U.S. dollar worked its growth structure to 1.3408 and correction to 1.3294. The market is currently maintaining its growth structure to 1.3430. And with its explosion upwards it will open up growth potential to 1.3550.
THE CURRENCY PAIR OF THE US DOLLAR AGAINST THE RUSSIAN RUBLE HAS RETREATED FROM THE SCOPE OF CONSOLIDATION DOWN. The potential to work from 73.00 is almost open. And with its distribution, you can work out 72.50 with the prospect of continuing the trend to 70.50.
US dollar-to-Japanese yen currency pair continues to expand its consolidation range around 104.00. Currently, the combination of growth is not excluded to 104.20. Then – drop to 103.80. And with the division of this level down will open up the potential to fall to 103.30. The target is local.
US dollar currency pair to Swiss franc today is trading at a breakout level of 0.8882 down. We expect a drop to .8811. After reaching this level, we expect a combination of growth to 0.8952. The goal is the first.
Australian dollar versus US dollar forms a consolidation range around 0.7420. Today, the market has enlarged it to 0.7440. We expect the link to drop to 0.7420 (pre-test). Then consider the probability of an increase to 0.7458.
Crude oil continues to expand its consolidation range around 48.90. Its expansion to 49.19 is not excluded. Then it is possible to link down to 47.92. Next, let’s look at the probability of an increase of 49.90.
Gold worked rise to 1873.20. Today, the market is trading at 1847.60. When completed, we will consider the probability of developing another growth structure up to 1890.50. Then we expect the correction link to 1827,63.
Bitcoin market worked a downward wave to 18700. At the moment, a number of consolidations have arisen around it, and with the exit from it down today, a local goal has been reached – 18000. We expect growth to be associated with 18700 levels (bottom test). Then – fall to 17800.
The stock market today met its local target of 3713.4. We expect a drop to 3687.1. Next, let’s look at the probability of an increase to 3775.3. The goal is the main one. After its development, we expect to create a scope for consolidation at these highs. With the exit from it, the potential to drop to 3600.0 will open.
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