Technical analysis for 18.11.2020
Euro Currency pair against the US dollar has worked a wave of growth to 1.1890. Today we will consider the probability of a correction to 1.1815. Then we expect it to rise to 1.1890. And with its explosion it will open up growth potential by 1.1970.
U.S. pound to U.S. dollar broke off 1.3241. Today, the market remains above this level in terms of consolidation. We expect a further increase to 1.3303. Once this level has been worked out, it is not excluded to link to the correction to 1.3241. Next, consider the probability of starting another growth structure to 1.3366.
US dollar currency pair against the Russian ruble broke the level of 76.70. Today we expect a drop to 75.66. Additionally, the correction link is not excluded back to 76.70. When finished, consider the probability of a drop to 74.66.
US dollar-to-Japanese yen currency pair continues to rise to 104.00. Today we expect it to be worked out. Next, consider the probability of a correction to 104.55. Once completed, we expect the next wave of decline to start at 102.50.
US dollar-to-Swiss franc currency pair continues to expand its consolidation range around 0.9109. Extension to 0.9066 is not excluded. Then – increase to 0.9109. When you exit this range down to 0.9030. When production increases, the probability of rising to 0.9150 should be taken into account.
US dollar to 0.7290. At the moment, the market is trading around it in terms of consolidation. With its exit, the growth potential will open up to 0.7361. From the road down does not exclude a drop to 0.7254.
Crude oil was trading at 44.70 and correction by 43.20. Today we expect it to rise to 45.55. Once it has been developed, correction link is not excluded until 44.50. Then we expect it to rise to 48.50.
Gold continues to expand its consolidation range around 1877.80. We expect growth to grow to 1905.00. Next, let’s look at the probability of a drop to 1840.00. Once worked out, consider the probability of another wave of growth by 1903.00.
Bitcoin market continues to develop a wave of growth. The calculation target of 17800 has been developed. At the moment, a number of consolidations are being built around him. “Throwing” the price to the level of 18800 is not excluded. Then consider the probability of starting a wave of decline to 15800.
Stock Index continues to expand its consolidation range around 3588.0. Today we will consider the probability of developing a growth structure up to 3658.5. You can then start correcting 3500.0.
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.