Technical analysis on 12.01.2021
Euro Currency pair against the US dollar is traded under downward pressure. Currently, the level of 1.2148 is shattered. The potential for a drop to 1.2111 is almost open. Once this level has been worked out, an adjustment to 1.2200 is not excluded. Next, let’s look at the continuation of the decline to 1.2050.
Currency pound to US dollar continues to develop a downward tide to 1.3440. After its development, growth to 1.3533 is not excluded. Then – drop to 1.3416. The target is local.
US dollar currency pair to Russian ruble extended the scope of consolidation to 74.90. Today we expect a drop to 74.15. And with this level broken down, the potential to drop to 72.50 will open up. The target is local.
US dollar currency pair to Japanese yen broke 104.00 and suggests given the likelihood of an increase of 104.50. After reaching this level, consider the probability of starting a correction to 103.50.
US dollar currency pair to Swiss franc continues to develop a wave of growth to the level of 0.8935. After its development, we expect the start of a downward wave development to 0.8846.
The Australian dollar against the US dollar has broken the level of 0.7712 down and continues to develop a downward tide to 0.7657. After working out this level, we expect correction link 0.7712. You can then shrink to 0.7626. The target is local.
Oil continues its rise to 56.00. And with its disintegration, let’s consider the probability of developing 56.87. Then we expect the start of the correction wave to 53.60.
Gold continues to form a consolidation range around the level of 1842.42. Today we will consider the probability of its expansion to 1866,83. It then narrowed to 1842.42. With the range going up it will open up growth potential to 1901.55. With performance down is
Bitcoin market is trading in the consolidation range around the level of 33500. Today we expect it to expand to 36,500. You can then reduce it to 30,000. The target is local.
The stock market index continues to form a consolidation range above 3784.9. We’re waiting for it to come out of it. The reduction potential is estimated at 3745.0. The target is local. Then – increase to 3784.0 (test from below). Then – decrease to 3738,3.
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.