Technical analysis for 10.11.2020
10.11.2020 10100 EURUSD
euro The currency pair against the US dollar has made a wave of rise to 1.1919 and the structure of the decline to 1.1800. We expect the scope of consolidation to develop at these levels. Today, the market trades the growth structure to the center of this range – 1.1860. If it appears, the growth potential will open up to 1.1966. If it comes down, it can be reduced to 1.1725.
U.S. dollar currency continues to form a consolidation range around 1.3170. Compound reduction to 1.3080 is not excluded. Next, let’s look at the probability of rising to 1.3250. Then – drop to 1.3080.
US dollar currency pair to Russian ruble has worked out the structure of the next wave of decline to 75.75. Today, we expect to create a scope for consolidation at current lows. With its exit, the possibility of correction will open up to the level of 78.20. After its completion, it is necessary to take into account the probability of the next wave of decline to 75.00.
THE CURRENCY PAIR OF THE US DOLLAR TO THE JAPANESE YEN has produced another wave of growth to 105.64. Today, the market remains in a downward momentum structure to 104.30. Next, we expect growth to be associated with 105.00. We are practically considering the development of a consolidation range around 105.00. With the exit from it, the potential for a wave of decline will open at 104.00.
US dollar-to-Swiss franc currency pair has linked the rise to 0.9050 and with it a break up the measured movement to 0.9141. Today we will consider the probability of a drop to 0.9050. Then there is the increase to 0.9090.
AUSTRALIAN dollar versus US dollar has created a consolidation range around 0.7272 and has emerged from it. The transition force to .7333 has been worked out. Today, the market returned to 0.7272. We expect a drop to 0.7242. And with this level broken down, the potential to drop to .7160 will open up.
Oil worked rise to 43.58. Today we will consider the likelihood of starting a correction of this wave. His target is 39.60. At the end of the correction, we expect an increase to 44.44. The target is local.
Gold rose to 1964.44 and fell to 1902.76. The market formed a band of consolidation around this level and with the collapse reached a measured decrease to 1853.80. Today GOLD remains in the correction structure to the level of 1902.76 (test from below). Next, we will consider the probability of developing another reduction structure by 1840.00.
Bitcoin market has worked out a correction to the level of 15800 and today met another link of decline to 14800. We are considering developing a consolidation range of around 15400. With the exit from it down, it is not excluded to correct the link to 13800. With the way up, consider the probability of reaching the level of 16200. Then – reduction to 13500.
The stock market index traded higher to 3647.7. At the moment, the market is creating a wave of decline to 3461.6. Next, we expect growth to 3565.5. If it disintegrates, growth potential will open up to 3685.5. It then narrows to 3,440.0.
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.