Technical analysis for 25.11.2020
euro currency pair against the US dollar worked link increase to 1.1880 and correction to 1.1850. The market is currently trading at 1.1900. With its disintegration, it will open up growth potential to 1.1964. After working out this level, a correction link up to 1.1900 (pre-test) is not excluded. Next, let’s look at the probability of developing another growth structure to 1.2000.
U.S. dollar trades in consolidation around 1.3330. If split into 1.3380 upwards, the growth potential to 1.3455 will open. At 1.3300 a.m., it is expected to fall to 1.3250.
US dollar currency pair to Russian ruble trades in terms of consolidation above 75.65. today we will consider the probability of a reduction to 75.00. Then it is not excluded to link the correction to 75.40. Next, let’s look at the probability of developing a different reduction structure to 74.55.
US dollar-to-Japanese yen currency pair fell to 104.15 and linked the increase to 104.70. The market is currently in a downward structure to 104.15. With this level down, it will open up the potential for 103.30 development. The target is local.
US dollar-to-Swiss franc currency pair continues to expand its consolidation range above 0.9097. Today, the likelihood of its disintegration. The target is 0.9065. After its development, we expect the correction to develop to 0.9090. Next, let’s look at the probability of another reduction structure to 0.9055.
US dollar to break the consolidation range at 0.7320 up and was up from a rise link to 0.7365. At the moment, the market has recorded a technical return to 0.7320 (pre-test). Today we will consider developing another growth structure to 0.7377. Next – fall back to 0.7320.
Petroleum worked rise to 48.55. Today, we expect to create a scope for consolidation at current highs. When leaving it, it is necessary to take into account the probability of starting the correction to 45.50. The goal is the first.
Gold has developed another structure of the wave of decline to 1807.50. Today, the market is creating a narrow range of consolidation around it. Another reduction structure to 1782.20 is not excluded. After its development, we expect the next wave of growth to develop to 1831.38. The goal is the first.
Bitcoin market has created a consolidation range around the level of 18400 and expanded it to 19400. Today, the assets are traded in a structure of decline to the level of 18400 (test in advance). Then – increase to 18800. At these levels, we expect a new consolidation scope to be created. With its exit, it will open up the potential for a continuation of the correction to the level of 17300.
The stock market index traded at 3656.8. Today, we expect the scope of consolidation to develop at current highs. With the exit from it, the potential to drop to 3601.9 will open. The goal is the first. Then – correction to level 3630.0.
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.