Technical analysis for 30.11.2020
euro Currency pair against the US dollar continues to develop a wave of growth to the level of 1.1980. After its development, a corrective link with 1.1910 is not excluded. The next wave of growth is then expected to develop to 1.2020 (at least). Next, consider the probability of starting a wave of decline to 1.1800.
U.S. pound to U.S. dollar continues to expand its consolidation range around 1.3350. As the market collapsed to 1.3350 down, it expanded to 1.3285 and today remains rising to 1.3350. After its development, a corrective link with level 1.3311 is not excluded. Then consider the probability of an increase to 1.3373 and an extension of the range to 1.3400.
US dollar currency pair to the Russian ruble continues to form a consolidation range around 75.60 without a clear trend. The main scenario will take into account the fall to 75.00 with a view to reaching 74.62. The goal is the first. Once implemented, we expect the growth wave to start to reach 77.70.
Japanese dollar currency pair to Japanese yen continues to develop a downward tide to 103.40. After its development, the combination of growth is not excluded until 104.00. Next – fall to 103.00 with the prospect of continuing the wave to 102.50. The goal is the main one.
US dollar-to-Swiss franc currency pair continues to rise 0.9011. Once developed, the probability of starting a wave of growth to 0.9074 with a forecast of reaching 0.9100 should be taken into account.
US dollar to 0.7377. Around it, a scope of consolidation has been created, and wave stretching continues with decay. Today, consider the probability of reaching the level of 0.7410. Subsequently, the possibility of adjustment to 0.7377 is not excluded. Next, let’s look at extending the range to .7420.
Oil has developed a structure to 47.33 and correction to 48.25. Today we will consider the probability of falling to 47.33. And with his breakout down he will open up the potential to work out 46.45. The target is local.
Gold is still trading under downward pressure and has now broken the level of 1782.85. The development potential is 1765.75. Next, let’s look at the probability of rising to 1807.50. Then – fall to 1750.50. At this point, we expect the end of the wave of declines. Next is the beginning of the growth wave to 1850.50.
Bitcoin market broke 17,400 up and today has reached its local target of 18450. It is not excluded to develop a correction to 17400 (pre-test). Then it is possible to develop another wave of growth to the level of 18850. We expect the completion of the corrective “Flag”. Next, consider the probability of another wave falling to 16500. The stock index
continues to form a consolidation range around 3629.5. Currently, the probability of its expansion is considered down to 3602.2. After developing this level, we expect the next growth structure to grow to 3662.2. The goal is the main one. Then consider the probability of starting a wave of decline to 3500.0.
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.