Technical analysis on 06.01.2021
euro Currency pair against the US dollar worked a wave of growth to 1.2325 and a correction to 1.2283. Today, a continuation of the correction to 1.2257 is not excluded. When completed, we will consider the probability of an increase to 1.2300. And with this level up, we expect the next growth structure to grow to 1.2350. The target is local. This will be the end of the growth wave potential. An adjustment of 1.2000 is then not excluded.
U.S. dollar rose to 1.3636 and was revised up to 1.3589. Today, we expect the next wave of growth to grow to 1.3636. And with its explosion upwards it will open up growth potential to 1.3722. We expect growth to end. You can then start the wave of drop to 1.3400.
US dollar currency pair to Russian ruble extended the scope of consolidation to 75.15. Today we expect a drop to 73.70. And with the division of this level down will open up the potential for development 72.15. The target is local.
U.S. dollar-to-Japanese yen currency pair rose to 102.60. The development of the correction until 103.00 is not excluded. Then we expect a drop to 102.50. At this point, the potential for the wave of decline will be exhausted. Then we expect the start of the growth wave to be 106.00.
U.S. dollar-to-Swiss franc currency pair rose .8776. Today, the association with the correction to 0.8818 is not excluded. When completed, we will consider the probability of a drop to 0.8750. At this point, the potential for the wave of decline will be exhausted. Then we expect a new increase to 0.8900.
US dollar to 0.7706 and was up .7776. At present, it is not excluded to link the correction to 0.7707. Next, let’s look at the probability of an increase to 0.7780. This will be the end of the potential of this wave of growth. We expect a wave of declines to start at 0.7666.
Crude oil rose to 53.50. At the moment, the market is creating a series of consolidations over it. As we get out of this, the potential for a corrective drop to 52.48 will open up. With the development of the output, extending the range to 54.40 is not excluded. Then consider the probability of starting the correction to 51.40.
Gold rose to 1948.70. Today, we expect the maximum development of the scope of consolidation. With its output down, it can start a wave of decline to 1857.23.
Bitcoin market has worked a wave of growth to 33800 and today creates above this level the scope of consolidation. With the exit from it it is not excluded to work out 35550. The goal is the main one. With this, the drop will open up the potential to drop to 30,500.
index down 3722.9. Today, the market is trading under downward pressure. We expect to work out 3671.1. And with this level down, the potential to drop to 3,615.4 will open up. The target is local.
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.