Technical analysis on 05.04.2021

Technical analysis on 05.04.2021



Euro The currency pair against the US dollar has worked a wave of growth to 1.1785. Today, the market is adjusted to 1.1747. After reaching this level, we expect it to rise to 1.1797. “Throwing” the price to 1.1830 is not excluded. Then consider the likelihood of another wave of decline to 1.1700.


Pound to US dollar trades in terms of consolidation around the level of 1.3800. Today, the probability of its expansion to 1.3859 should be taken into account. Next – correction to 1.3800. Then consider the probability of an increase to 1.3911.


CURRENCY pair of the US dollar to the Russian ruble still creates a scope of consolidation around the level of 76.00. It is not excluded to expand to 76.70. Then we expect a drop to 75.10 (at least). Then we expect an increase to 77.50.


Japanese dollar currency pair to Japanese yen creates a consolidation range above 110.51. The main scenario will consider going down to 110.08. The probability of rising to 111.44.


US dollar-to-Swiss franc currency pair is trading at 0.9444 without a clear trend. Today we will consider the probability of a drop to 0.9371. It is then expected to rise to 0.9520.


The Australian dollar against the US dollar has fallen to 0.7535. At the moment, the market is trading at a correction of 0.7600. At the end of the day, it is expected to fall to 0.7454.


Crude Oil continues to expand its consolidation range around 64.00. Today we expect its expansion to 65.52. Then we expect a drop to 60.00.


Gold today trades in consolidation around 1720.00. Consider the probability of a further increase to 1755.73. Then 1720.00. With the exit from this range upwards will open up growth potential until 1815.00. The target is local.

S’P 500

The stock market index traded higher to 4040.4. Today we expect the scope of consolidation to develop underneath it. With the exit from it, the correction potential to 3946.7 will open. Next, let’s look at the probability of a further increase to 4160.0.


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.