Technical analysis for 16.12.2020

16.12.2020

EURUSD

euro Currency pair against the US dollar worked a wave of decline to 1.2121 and returned to 1.2150. Today, the market trades around it for consolidation. Extension of the range to 1.2188 is not excluded. Next, consider the probability of a drop to 1.2119. In the event of a failure, the potential to reach 1.2050 will be opened.

Technical analysis for 16.12.2020

GBPUSD

Pound currency pair to US dollar has created a consolidation range around 1.3375 and with profitability up today is trading rising to 1.3470. After reaching this level, we expect it to drop to 1.3375. And with this level broken down, the potential to drop to 1.3278 will open up. Then there is the increase to 1.3375.

Technical analysis for 16.12.2020

USDRUB

US dollar currency pair against the Russian ruble has worked a wave of growth to 73.85 (test from below). Today we expect the decline to continue to 72.20. And with the division and this level down does not exclude the achievement of 71,20.

Technical analysis for 16.12.2020

USDJPY

Japanese dollar currency pair to Japanese yen, but rebounded from 104.14. Today, the market continues to trade on a downward trend until 103.30. After working out this level, we expect a combination of growth to 103.70 (test from below). Then – drop to 102.50.

Technical analysis for 16.12.2020

USDCHF

US dollar currency pair to Swiss franc is traded near the lower end of the consolidation range – 0.8850. With the division of this level, a decrease to 0.8830 is not excluded. At 0.8870, its division will open up growth potential to 0.8900. The goal is the first.

Technical analysis for 16.12.2020

AUDUSD

US dollar continues to expand its consolidation range around 0.7535. Its expansion to 0.7575 is not excluded. Then we expect it to drop to 0.7480. And with its breakout down it will open up the potential to drop to .7330. The goal is the first.

Technical analysis for 16.12.2020

BRENT

Crude oil worked another growth compound to 50.33 and with its division continuing to rise to 50.89. The target is local. Once this level has been achieved, it is not excluded correction to 50.33 (pre-test). We then expect it to rise to 51.51. This will be the end of the growth wave potential.

Technical analysis for 16.12.2020

GOLD

Gold rose to 1849.04. After creating a consolidation range around it, the market smashed it and continued to rise to 1874.00. Then we expect a correction to 1849.04. You can then rise to 1879.59.

Technical analysis for 16.12.2020

Bitcoin

Bitcoin market is trading in the growth structure to the level of 19650. After its development, we expect a decrease to 18700. And with the division of this level down will open the possibility of falling to 17500.

Technical analysis for 16.12.2020

S’P 500

Stock Index has pushed its growth rate to 3573.5. After creating a consolidation range around it, today the market crashed it and continued to develop a wave of growth to 3702.2. After reaching this level, we expect a decrease of 3673.5. Furthermore, the development of another growth structure of 3706.0 is not excluded. At this point, we expect the end of this wave of growth.

Technical analysis for 16.12.2020Ind.) 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.