Technical analysis for 30.10.2020
The euro currency pair against the US dollar continues to develop a third wave of declines. The market reached 1.1650. And that’s only half the drop. The market is currently trading above 1.1650. A link to a level correction of 1.1700 is not excluded. Then we expect a drop in the collapse of 1.1650. The calculated target for the next reduction structure is 1.1500.
Pound currency pair to US dollar worked a downward tide to 1.2900. And that’s only half of the third wave of decline. At the moment, the market is trading around this level in terms of consolidation. With the exit and this up does not rule out a correction link to the level of 1.2960. As the road goes down it will open up the potential for a drop to 1.2777.
US dollar currency pair against the Russian ruble has worked a wave of growth to 79.63. Today we expect a drop to 78.50. And with this level broken down, the potential for a drop to 76.50 will open up with the prospect of the trend continuing to 74.25.
Japanese dollar currency pair to Japanese yen converted the structure of the decline to 104.02. Today, consider the probability of reaching 103.84. After working out this level, the correction link is not excluded by 105.00. We then expect the downward trend to continue to 102.50.
US dollar currency pair to Swiss franc rose to 0.9170. The market is currently trading at a correction structure of 0.9137. Next, we expect growth to be associated with 0.9180. And with its explosion upwards, the growth potential will open up to .9255. The target is local.
US dollar to 0.7001. Today, a correction link to 0.7070 is not excluded. Next, consider the probability of the trend continuing to 0.6923. The target is local.
Oil rose to 39.00 down the drop link to 37.41. Today, the market is trading above this level in terms of consolidation. When exiting it, it is necessary to take into account the probability of an increase to 40.60. As the road goes down it will open up the potential for a drop to 35.10.
Gold was down to 1872.00. Today, the market trades around it for consolidation. It is expected to go downwards to a continuation of the trend to 1834.76. The target is local. After its development, the correction link is not excluded by 1872.00, test from below. It then narrowed to 1813.00.
Bitcoin market continues to expand the scope of consolidation around the level of 13450. Its expansion to 13750 is not excluded. Next, let’s look at the probability of falling to 12700.
Stock Index continues to form in terms of consolidation around 3275.0. Today it is necessary to take into account the probability of getting out of it to 3215.0. Furthermore, it is not excluded to link the adjustment to level 3275.0. Then – drop to 3150.0.
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.