Technical analysis on 11.02.2021

11.02.2021 EURUSD Euro Currency pair against the US dollar continues to form a scope for consolidation. Today it is not excluded to the level of 1.2088. Then we expect to “release” the price to 1.2155. Once this level is applied, the probability of developing the next reduction structure to 1.2055 should be considered. And with the breakdown of this level we expect to reach 1.1944. GBPUSD Pound currency to US dollar continues to develop the scope of consolidation around the level of 1.3820. We expect a path to 1.3760. Then there is the increase to 1.3810. At these levels, consider the probability of creating a reversal value. With the breakout down to 1.3760 it will open up the potential to fall to 1.3500. USDRUB US dollar currency pair against the Russian ruble has worked a wave of decline to 73.63. Today, consider the likelihood of creating a consolidation scope at the current minimum. With the exit from it, the correction potential will open until 75.00. From the road down you can reduce to 71.50. The target is local. USDJPY U.S. dollar-to-Japanese yen currency pair rose to 104.40. Today, the market is trading above it in terms of consolidation. With its exit, it will open up growth potential by 105.00. From the way down it is not excluded to fall to 103.30. USDCHF currency pair of the US dollar to the Swiss franc The target of a downward wave is 0.8903. We expect consolidation to develop around this level of scope. As it rises upwards, the growth rate should be considered to be 0.8970. AUDUSD The Australian dollar against the US dollar has worked a wave of growth to 0.7755. At the moment, the market is creating a series of consolidations underneath it. Then we expect to get out of it down. The target is 0.7655. BRENT Oil continues to form a consolidation range around 61.00. Today we are considering the likelihood of an increase to 61.77. After this level has been worked out, the correction link it is not excluded until 60.00. Then there is the increase to 62.50. GOLD Gold still forms a consolidation range around the level of 1840.00. With the exit from it down consider the beginning of the wave of correction decline to 1823.50. Once completed, it is not excluded to “release” the price to 1860.70. Then – fall to 1823.00. Bitcoin Bitcoin market hit 45,100 down. The beginning of the wave of decline to 38800 is taken into account. After its development, we expect to link the increase to 45100 (test from below). S’P 500 Stock Index At the moment, the market is trading on it in terms of consolidation. With its exit, the growth potential will open at 3950.2. From the way down, you can continue the correction until 3822.0. Ind.) 101,000 Financial Market Forecasts is a private opinion of their 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.

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