Technical analysis for 21.10.2020
euro Currency pair against the US dollar has fully developed an alternative with an increase to 1.1844. Today, consider the likelihood of a consolidation range above 1.1800. Starting from this, we expect a drop to 1.1760. Then – increase to 1.1800. the test is from below. Next, consider the probability of the trend continuing to 1.1700. In case of ascension, the structure is not excluded to stretch to 1.1877.
U.S. dollar to return to 1.2980. Today we will consider the likelihood of developing a consolidation range around it. If you exit it, it is not excluded to combine the increase with 1.3033. If we go down, consider falling to 1.2910. And breaking it will open up the potential for a drop to 1.2844. The goal is the first.
US dollar currency pair against the Russian ruble almost worked out another wave of decline to 77.30. Today, let’s consider the likelihood of consolidation around it. With the exit from this, the potential to continue the trend will open up to 76.50. Once it develops, it is expected to tie the increase to 77.30, a test from below. Next, consider the probability of a continuation of the wave of decline to 76.40.
US dollar currency pair to Japanese yen with a break from 105.60 traded in the next wave of decline to 105.00. After that, we expect the scope of consolidation to develop. With its exit, it will open up the potential to work out 104.20. The target is local.
US dollar currency pair to Swiss franc trades in the consolidation range above 0.9060. Today we will consider the possibility of rising to 0.9080. And with its explosion upwards it will open up growth potential to 0.9111. Then – drop to the level of 0.9080, test in advance.
The Australian dollar against the US dollar has traded down to 0.7020 and has linked the rise to 0.7070. Today, the market remains around this level in terms of consolidation. When exiting it, it is necessary to take into account the probability of an increase to 0.7133. From the way down, the development of another structure of decline to 0.7000 is not excluded.
The price of crude oil still remains in the consolidation range around the level of 42.70 and today the market is trading near its upper limit. If we go up, consider the probability of an increase of 43.90. If it falls to 42.80 and falls, a combination of reductions to 42.22 is not excluded. Then – increase to 44,22. The goal is the first.
Gold has created a consolidation range around 1909.60 and with the exit of its offer to consider the likelihood of a further correction to 1922.00. Then – fall to 1909,60. Then development is not excluded from another growth structure to the level of 1924 90. All growth structures are treated only as alternatives with continuous correction. At any time, the market can “break” the drop to 1900.00. And with its explosion will open up the potential for development 1877.00.
Bitcoin market has formed around the level of 11800 number of continuations of the upward trend and today has reached the local target – 12280. Next, let’s look at the probability of a consolidation range developing at these highs. With the exit from it expected to drop to 11800, the test is on top. Next, we will consider the probability of developing another growth structure up to 12500.
The stock market index is trading at 3455.0. As the adjustment is made, the probability of an increase to 3486,4 shall be taken into account. After reaching this level, we expect to see a drop to 3420.0. And with this level broken down, the potential to drop to 3,300.0 will open up. The target is local.
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.