Technical analysis for 24.11.2020
Euro The currency pair against the US dollar has seen a wave of growth to 1.1900 and has seen a sharp fall of 1.1800. Today, the market has met the link between growth and 1.1847 and is currently trading in a narrow range of consolidation. We expect the development of another reduction structure to 1.1788. A continuation of the correction to 1.1770 is not excluded. When it is completed, the probability of the next wave of growth is considered 1.2000.
The pound-to-US dollar currency pair has “fell” to 1.3396. We consider this to be the goal of the third wave of growth. Yesterday, the market began to develop a correction, the first target of decline – 1.3265 was worked out. Today, we expect growth to be paired with 1.3333. Then consider the probability of another wave falling to 1.3255. And with this level down, the potential to drop to 1.3194 will open up.
US dollar currency pair to Russian ruble trades in terms of consolidation above 75.65. It is not excluded to link the increase to 76.60. Next, consider the probability of a reduction to 75.00 with the prospect of reaching 74.50. The goal is the first.
Japanese dollar currency pair to Japanese yen has formed a consolidation range above 103.70. With a division of 104.00 in the market worked the expansion of the team to the level of 104.55. Currently, the range is not excluded until 104.70. The next probability of another wave falling to 104.00. And with its division will open up the potential for development 103.30.
US dollar currency pair to Swiss franc extended the scope of consolidation to 0.9077 and made a combination of growth to 0.9140. Today we will consider the likelihood of developing the next reduction structure to 0.9100. And with this level down, the potential to drop to .9066 will open up.
US dollar extended the scope of consolidation to 0.7330 and made the compound fall to 0.7264. Today we will consider the likelihood of growth combination with 0.7322. In addition, we expect a drop to 0.7244.
Oil rose to 45.55 and continued its upward trend. After updating the maximum, today the market continues to trade under upward pressure. The potential to reach 48.50 is almost open. After its development, we expect to start the correction at 42.50.
Gold has reached its estimated fall wave target of 1850.00. Today, the market continues to trade under pressure to stretch this wave. After level 1823.80 is reached, a correction link to 1847.60 is not excluded. Then consider the probability of falling to 1820.00 with the prospect of reaching 1810.00.
Bitcoin Market continues to expand the scope of consolidation above 18140 level. With its breakout down it will open up the potential for a reduction to 17,500. Then there is the rise to 18200. The stock index
created a consolidation range of 3585.9. Today the market has smashed it. The growth potential to 3619.1 is open. After its development, a correction link with 3586.0 is not excluded. Next, let’s look at the probability of an increase starting to rise to 3651.1.
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.