Technical analysis on 04/02/2021

04.02.2021

EURUSD

Euro Currency pair against the US dollar continues to form a consolidation range around the level of 1.2025. The market expanded it to 1.2003 and to 1.2042. If growth is in place, the growth potential to 1.2086 will be opened. When we go down, we expect an update of 1.2000. Then it is possible that the growth wave will start to level 1.2086.

GBPUSD

Currency pound to US dollar continues to develop a downward wave to 1.3590. Once it has been development, we expect to create a scope for consolidation at this minimum. With its exit, we will consider developing a new wave of growth to 1.3750.

USDRUB

US dollar currency pair against the Russian ruble has worked a wave of growth to 76.22. Today we expect the price to drop to 75.60. And with this level down, it will open up the potential to reach 74.94.

USDJPY

Japanese dollar currency pair to Japanese yen continues to expand its growth structure to 105.20. After its development, we expect the beginning of a wave of declines to 104.00. And with the division of this level will open the potential to reach 103.33.

USDCHF

currency pair of the US dollar to the Swiss franc has worked a wave of growth to the level of 0.9000. At the moment, the market is creating a series of consolidations to the maximum. We expect to be able to get out of it to 0.8920. The goal is the first.

AUDUSD

The Australian dollar versus the US dollar traded at 0.7626. At the moment, the market is creating a number of consolidations around it. We expect it to come out of it until the development of 0.7552. Next, we expect growth to start at 0.7700.

101.000 BRENT

101,000 Crude oil is trading under upward pressure. Today, consider the probability of reaching 59.20. Later, you can create a consolidation scope near this maximum. With the exit from it, the beginning of the correction to 57.30 is not excluded. It then rises to 59.69.

GOLD

Gold continued to develop a downward tide to 1817.11. After its development, consider the beginning of the growth wave to 1847.00.

Bitcoin

Bitcoin market is trading in the growth structure to the level of 38800. After its development, we expect the beginning of a wave of decline to 31700. The stock index

S’P 500

continues to form a consolidation range around 3821.7. We expect to get out of it to work out 3917.0. Then it is not excluded to link the correction to 3821.7. And if they go down, the possibility of correction will open up to 3800.0. Next – rise to 3900.0.

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 applying the commercial recommendations of the presented reviews.