Technical analysis for 18.12.2020
Euro Currency pair against the US dollar has worked a wave of growth to 1.2270. Today, the market is trading under downward pressure. We expect to work out 1.2230. Then – correction to 1.2257. At these levels, we expect the scope of consolidation to develop. With the way out of it, the potential to drop to 1.2140 will open. With the increase in production, an increase to 1.2300 is not excluded.
Pound currency pair to US dollar worked a wave of rise to 1.3620. Today, the market is trading at 1.3517. Once this level has been worked out, the probability of adjustment to 1.3581 should be taken into account. At these levels, we expect to create a scope for consolidation. With the way out of it, the potential to drop to 1.3434 will open. The goal is the first. As production grows, it is possible to expand the next wave of growth to 1.3723.
US dollar currency pair against the Russian ruble continues to expand its consolidation range around 73.37. At the moment, the market is trading at the lower limit. Growth to 73.33 is not excluded. Next, we expect the next reduction structure to grow to 72.20.
US dollar-to-Japanese yen currency pair reversed to 102.88 and made a correction link to 103.39. An increase to 103.51 is not excluded. Then we expect a drop to 102.50. For this potential the wave will be exhausted. Then consider the probability of 104.14. The goal is the first.
US dollar-to-Swiss franc currency pair worked a wave of declines to 0.8822 and corrections to 0.8850. Today we expect a drop to 0.8811. Once this level has been worked out, the probability of a combination of increases of up to 0.8900 should be taken into account. The goal is the first.
US dollar to 0.7637. The market is currently trading at 0.7578. Next, we expect growth to be associated with 0.7613. At these levels, we look forward to the creation of scope of consolidation. With the exit from it, the potential to drop to 0.7500 will open. The goal is the first.
Crude oil rose further to 51.74. At the moment, the market is trading in terms of consolidation at these peaks. Today we expect the beginning of a wave of declines to 50.33. After working out this level, you should take into account the probability of correction by 51.00.
Gold rose to 1896.24. Today we will consider the probability of a wave of decline of 1849.30. Then – correction to 1870,26. At these levels, we expect to create a scope for consolidation. With the exit from it, the potential to drop to the level of 1820.60 will open.
Bitcoin market has achieved a wave of growth to 23700 and is currently creating a scope for consolidation underneath. With its exit by 20700, the potential for correction will be opened up. With exit, it is not excluded to reach level 24700.
Stock Index has pushed its growth rate to 3721.0. At the moment, the market is creating a series of consolidations underneath it. After leaving it, the probability of an increase to 3756.5 should be taken into account. With delay, a level correction of 3669.0 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.