Technical analysis on 14.01.2021
euro Currency pair against the US dollar worked a wave of growth to 1.2222 and the compound fell to 1.2170. At a time when the market has formed around this level the scope of consolidation and today is trading near its lower limit. With the range going down, the potential to drop to 1.2111 will open up. The likelihood of an increase to 1.2230 should be taken into account when production increases. It is then down to 1.2050.
The pound-to-US dollar currency pair has worked a wave of growth to 1.3690. The market is currently trading at 1.3570. After reaching this level, we expect to combine growth with 1.3636. Creating a consolidation scope around this level is almost taken into account.
US dollar currency pair to Russian ruble continues to expand the consolidation range around 73.73 without a clear trend. With the exit from it, the potential to drop to 72.23 will open. The target is local. In the case of growth, it is not excluded to link the increase to 75.00.
The currency pair of the Japanese dollar to the Japanese yen was trading at 104.18. Today we expect a drop to 103.80. And with the collapse of this level, we expect the wave of declines to continue to 103.44. Next – up to 104.64.
THE CURRENCY PAIR OF THE US DOLLAR TO THE SWISS FRANC HAS WORKED A DOWNWARD WAVE TO 0.8850 AND CORRECTION TO 0.8880. Today we will consider the probability of falling to 0.8840. Then we expect the next wave of growth to grow to 0.8922.
The Australian dollar against the US dollar is trading at the next level of decline to 0.7713. After its development, we expect a combination of growth to 0.7755. Creating a consolidation range around 0.7755 is practically taken into account.
Oil lost momentum to 55.80 and correction to 56.50. Today, the market remains under pressure to fall to 55.80. With its distribution, the correction potential will be opened up to 55.10. The target is local.
Gold continues to form a consolidation range above 1837.40. If it breaks down, the potential for relegation will open up to 1814.88. If splitting 1858.60 upwards it will open up growth potential to 1897.30.
Bitcoin market has created a consolidation range around the level of 34,000 and is currently trading at breaking its upper limit. With a division of 36,500, growth potential will open up to 40,500. If it is reduced to 34,000 and it crashes, it is possible to reach 30,000.
Stock Index has created a consolidation range below 3813.0 and today attempts to break it down. If successful, the growth potential will open to 3850.0. After being reduced to 3780.0 and its division down, it may reach 3744.4.
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.