Technical analysis for 16.11.2020
Euro Currency pair against the US dollar has worked a wave of growth to 1.1830. Today, the market formalized the scope of consolidation and came out of it. We expect a further increase to 1.1880. After that, a correction link to 1.1840 is not excluded. Next – rise to 1.1917 with a prospect of reaching 1.1930.
U.S. dollar dollar worked a wave of growth to 1.3203. Today, the market has created a series of consolidations around it and hit it up. We expect a further increase to 1.3258. Then it is not excluded to link the correction to the level of 1.3203. Next – rise to 1.3300.
US dollar currency pair against the Russian ruble has worked a wave of growth to 77.66. Today we expect the wave of declines to develop to 76.16. Then – linking the increase to 76.90. We are practically considering the likelihood of a new consolidation around 76.90. With the exit from it, the potential to drop to 75.00 with the prospect of reaching the level of 74.60 will open.
Japanese dollar currency pair to Japanese yen, rebounded from 105.12 and fell to 104.70. Today, the market has formed around this level of scope consolidation and hit it down. We expect this trend to continue to 103.70. You can then correct the link to 104.70. Next, consider the probability of starting the next wave of decline to 102.50.
U.S. dollar-to-Swiss franc currency pair continues to expand its fall structure to .9111. After its development, we expect a combination of growth to 0.9151. For these levels, consideration should be given to consolidating the scope. With the exit from it, the potential to continue the correction to the level of 0.9070 will open.
US dollar to 0.7267. Today, the market created a series of consolidations and then left it. Consider the probability of an increase to 0.7314. Once it has been worked out, the probability of reduced to 0.7267.
Oil broke 43.63 down and continues to expand its consolidation range below it. The compound of the decrease to 42.66 is not excluded. Next, consider the probability of a further increase to 43.64. And with the upside down, we expect it to rise further to 45.30 with a trend outlook of 48.50.
Gold was up 1894.76. At the moment, the market is trading under it in terms of consolidation. The union of inheritance to 1876,15 is not excluded. Next, let’s look at the probability of an increase to 1902.76.
Bitcoin market met the correction target at 15700 and is currently trading in a growth structure up to 16275. After working out this level, the reduction link is not excluded until 15970. Then we expect growth to 16500.
Stock Index has created a consolidation range below 3582.4 and today it has broken it. Practically, the market has growth potential up to 3639.1. After you have worked out this level, a corrective link to 3596.6 is not excluded. Next, let’s look at the probability of a further increase to 3673.6.
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.