Technical analysis for 15.12.2020
Euro Currency pair against the US dollar has worked a wave of growth to 1.2175 and momentum to fall to 1.2122. Currently, the market is creating a consolidation range around 1.2150. We expect it to reach 1.2122. And with its division, the potential for reduction will open up to 1.2080. The target is local.
Pound currency pair against the US dollar worked a wave of rise to 1.3424 and the dynamics of the fall to 1.3300. Currently, the market is creating a scope for consolidation above this level. We expect a drop to 1.3232. And with the division of this level, the potential for a drop to 1.3100 will open up. The target is local.
US dollar currency pair against the Russian ruble worked a wave of decline to 72.79 and today made a return to 73.33 (test from below). Then we expect it to drop to 72.30. And with its breakout down it will open up growth potential of 71.90.
US dollar currency pair to Japanese yen worked a wave of decline to 103.60 and return to 104.00. At the moment, the market is creating a consolidation range around 104.10. It is not excluded to extend to 104.25. We then expect it to drop to 103.30. The target is local.
US dollar-to-Swiss franc currency pair continues to expand its consolidation range around 0.8880. We expect another drop to 0.8850. And with this level down we expect to work out .8838. Then consider the probability of an increase to 0.8900.
US dollar to 0.7577. Today, the market is trading in a downward trend to 0.7491. After reaching this level, we expect growth to be 0.7536. You can then shrink to 0.7440.
Oil worked the next correction link to 49.10 and back to 50.29. Today we expect a drop to 49.56. And with the division of this level down there excludes a drop to 48.90. At this point, we expect the correction to be completed. Then there is the increase to 50.50. And with its explosion upwards, the growth potential will open at 51.15.
Gold hit a downward tide to 1818.00. Today we expect an increase of 1850.50. For these levels, you can create a consolidation scope. With its exit, it will open up growth potential by 1890.00. From the way down does not exclude the continuation of the correction to the level of 1790,66.
Bitcoin market has made a wave of growth to 19500 levels and is currently trading at a fall to 18700. After developing this level, the probability of developing another growth structure by 20,000 should be taken into account. It then narrows down to 18,700 levels.
The stock market has worked its growth wave structure to 3700.0 and is trading in the next wave of decline today. At the moment, the level of 3655.5 has been worked out in the vicinity currently forms a series of consolidations. We expect the downward trend to continue to 3610.0. The target is local. After its development, we expect an increase to 3655.5 (test from below). Next, let’s look at the probability of the trend continuing to 3600.0. The goal is 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.