Technical analysis for 25.12.2020
euro currency pair against the US dollar continues to expand the scope of consolidation around the level of 1.2184. All this growth structure is considered the fifth wave. Its target is 1.2300. With the opening of markets, the link between the correction and 1.2050 is not excluded. Then there is the increase to 1.2300. After its development, the next correction is expected to occur by 1.2050
Currency pound to the US dollar met the local target of the next wave of growth – 1.3614. At the moment, the market is ready to adjust to 1.3463. Once completed, we expect the next growth structure to grow to 1.3723. Next – correction of the entire wave to 1.3463.
US dollar currency pair against the Russian ruble continues to develop a wave of decline to 73.70. The goal is the first. Next, let’s look at the probability of a correction to 74.84. Once completed, we expect the next wave of decline to start at 72.22.
Japanese dollar-to-Japanese yen currency pair rose to 103.75. At this point, we expect the correction to be completed. Next is a reduction to 103.23. And with the split and this level down, we expect it to overlap at 102.70. The target is local.
US dollar to Swiss franc broke .8898 up and suggests given the likelihood of a continuation of the correction to 0.8926. After that, we expect a drop to the level of the division – 0.8898. Then there is the increase to 0.8950. The target is local.
Us dollar to 0.7590 and offers consideration of continuing the growth structure to 0.7619. After reaching this level, we expect the correction to fall to 0.7568.
Oil has exceeded 50.69 and continues to form a consolidation range above it. The likelihood of a further increase of 52.30 is considered. The target is local.
Gold was up 1,875.00 (bottom-down test). At the moment, the market continues to develop a number of consolidations around it. We expect it to exit down to continue the trend to 1853.90. And with its division will open the possibility of reduction to 1780.00.
Bitcoin market continues to form a consolidation range above 23000. We expect a further drop to 21700. The goal is the first. Next, we expect a correction link up to 23000. When finished, we will consider the probability of a drop to 21700. And with its outbreak, you can continue the trend until 20600.
Stock Index continues to expand its consolidation range above 3671.0. It is not excluded to reduce to 3671.0. Next, consider the probability of developing a different growth structure to 3735.5. Then the relapse is 3600.0.
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