Technical analysis for 13.11.2020
Euro Currency pair against the US dollar continues to expand the scope of consolidation around the level of 1.1789. At the moment, the market has smashed it and offers to consider the likelihood of developing a growth link to 1.1832. It is then expected to fall to 1.1735. Then – increase to 1.1789. Given the probability of falling to 1.1700. With growth production, a combination of growth of up to 1.1900 is not excluded.
Pound currency pair to US dollar broke 1.3169 down and suggests considering training 1.3097. Then we expect it to rise to 1.3169. Then – drop to 1.3070. Next – rise to 1.3170.
US dollar currency pair against the Russian ruble has worked a wave of growth to 77.50. Today we expect a wave of declines to develop to 76.44. Then – the compound increases to the level of 77.00. We are practically considering the likelihood of a new consolidation range around 77.00. With the exit from it, the potential to drop to 75.66 with the prospect of reaching the level of 75.00 will open. At the exit, the possibility of continuing the correction at 78.00 is not excluded.
Japanese yen broke 105.30 down and was down to 104.98. Today, a correction link to 105.30 (test from below) is not excluded. It then expected to fall to 104.73 with a drop of 104.33.
US dollar-to-Swiss franc currency pair continues to form a consolidation range around 0.9141 without a clear trend. Today we expect a drop to 0.9112. After that, an increase in prices to the level of 0.9150 is not excluded. Then we expect a drop to 0.9093.
The Australian dollar versus the US dollar has moved from the consolidation range down. The level of 0.7245 is broken and the possibility of reducing to 0.7175 opens up. When this level is worked out, a correction link to 0.7245 is not excluded. Then – drop to 0.7155. The goal is the first.
101,000 BRENT 101,000 Crude oil rose to 45.30. Currently, the market remains in the structure of the correctable link to the level of 41,85. Stretching the correction to 39.60 is not excluded. Next, we expect the next wave of growth to grow to 47.60.
Gold continues to trade for consolidation around 1870.30. Today, the market has consolidated more than 1875.00 and offers consideration of the likelihood of extending the range upwards to 1894.76. This increase will only be considered as an alternative with a continuation of the correction. The main scenario remains a drop to 1860.60. And with his breakout down he will open up the potential to reach 1840.00.
Bitcoin market met the growth wave target – 16400. Today you can reduce to 15800 (test in advance). Next, consider an alternative with the likelihood of developing a different growth structure by 16800 with the prospect of reaching 17250 levels.
The stock market index continues to develop a downward tide to 3468.6. After its development, we expect a combination of growth to 3585.5. The market will therefore set the framework for a new scope for consolidation. With this coming out, the potential for the next wave of decline will open up to 3333.3.
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.