Technical analysis for 17.12.2020
euro currency pair against the US dollar worked a wave of growth to 1.2200 and returned to 1.2130. Today, the market remains in the next wave of growth to 1.2222. Once worked out, consider the probability of starting a correction to 1.2180 (at least).
U.S. dollar has created a consolidation range around the level of 1.3430 and along with production upwards worked the growth wave target – 1.3550. At the moment, the market is trading below this level in terms of consolidation. Starting from this, we expect a drop to 1.3419. With the increase in production, an increase to 1.3620 is not excluded. Then we expect the beginning of a wave of declines to 1.3300.
US dollar currency pair against the Russian ruble continues to expand its consolidation range around 73.37. It is not excluded to expand to 73.90. We then expect it to drop to 72.20.
Japanese dollar currency pair to Japanese yen worked a wave of decline to 103.30 and made a correction link to 103.90. Today, the market is trading at 103.30. And with his breakout down he will open up the potential to drop to 102.50. The goal is the main one.
US dollar-to-Swiss franc currency pair rose to .8830 and was revised up to 0.8880. Today, the market remains in a further decline to 0.8811. After you work it out, you’re likely to combine the increase with 0.8900. The goal is the first.
US dollar to 0.7577 and correction to 0.7538. The market is currently trading at 0.7585. Once it’s worked out, consider the likelihood of creating a consolidation range at these highs. With the exit from it does not exclude a wave extending to 0.7618. With the decline, we expect a wave of declines to start at 0.7500.
Oil was up another link to 51.51. In this case, the the market is trading in terms of consolidation at these peaks. “Throwing away” the price to 51.75 is not excluded. Then we expect the beginning of a wave of declines to 50.33.
Gold has revised up to 1848.55 and is now under upward pressure to 1874.70. After working out this level, the reduction combination is not excluded until 1860.00. Next, let’s look at the probability of rising to 1890.00.
Bitcoin market has created a consolidation range around the level of 19200 and with production upwards worked a combination of growth by 20700. Today, the market has increased to 22100. We expect a new range of consolidation to develop at this level. With the exit from it, it is necessary to take into account the probability of correction to the level of 20700. Here’s a look at the probability of another wave of growth to 22,400.
Stock Index has worked its growth wave structure to 3701.9. At the moment, the market is creating a number of consolidations around it. After exiting it, it is necessary to take into account the probability of an increase to 3742.5. From the way down, a correction to the level of 3660.6 is not excluded.
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.