Technical analysis for 19.11.2020
19.11.2020 10100 EURUSD
Euro Currency pair against the US dollar continues to expand the scope of consolidation around the level of 1.1855. Today, the market can extend it to 1.1815. expected to rise to 1.1880. And with this level broken up, it will open up growth potential to 1.1910 with a growth outlook of 1.2000.
U.S. dollar rose to 1.3303 and adjusted to 1.3222. Today, we expect the scope of consolidation to develop at current lows. When exiting it, the probability of starting the next wave of growth to 1.3300 should be taken into account. And with its distribution it will open up growth potential to 1.3355.
US dollar currency pair against the Russian ruble has worked a wave of decline to 75.55. Today we will consider the probability of a correction by 76.30. We then expect it to drop to 74.66. The goal is the first.
Japanese dollar currency pair to Japanese yen worked down to 104.00. The market has created a number of consolidations around it and out of the way down has opened up growth potential of 103.45. After working out this level, the correction link is not excluded until 104.00. Next, consider the probability of a drop to 102.50.
U.S. dollar-to-Swiss franc currency pair continues to expand its consolidation range around 0.9109 without explicit trends. Currently, extension of the range to 0.9066 is not excluded. Then – increase to 0.9109. With the exit from this range down will open up the potential to drop to 0.9030. When production increases, the probability of rising to 0.9150 should be taken into account.
The Australian dollar against the US dollar has created a consolidation range above and has fallen out of it today. The possibility of correction to 0.7265 has been discovered. After reaching this level, we expect growth to be 0.7297.
Crude oil continues to expand the scope of consolidation around the level of 44.24. At present, the link between the fall to 43.55 is not excluded. After reaching this level, the probability of the beginning of the next wave of growth to 45.55 should be taken into account.
Gold today is trading under downward pressure. We expect the breakout level to be 1866.30 down. The potential for reduction is assessed in terms of the development of this level. Then consider the probability of an increase to 1866.25 (bottom test). Then – fall to 1840,00.
Bitcoin market has achieved another wave of growth to 18300 level and today trades under it in terms of consolidation. Expect to finish it down in correction to 16800. Once this level has been worked out, the probability of an increase by 18800 should be taken into account.
The stock market index traded at 3558.9. Today we will consider the probability of an increase to 3613.7. Then – decrease 3584.7. The probability of rising to 3615.5 should then be taken into account.
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.