Technical analysis on 2.02.2021

02.02.2021 EURUSD euro currency pair against the US dollar broke the level of 1.2093 and continues to develop the structure of the decline by 1.2040. Today we expect this level to overlap and the beginning of development in these minimal scope consolidations. With its exit, the potential for another wave of growth will open up to 1.2200. GBPUSD Pound to US dollar worked the growth structure to 1.3750 and made a link drop to 1.3674. At the moment, the market is creating a series of consolidations around this level. We expect that getting out of it until the development of 1.3587. USDRUB The currency pair of the US dollar against the Russian ruble has worked out a correction with an increase to the level of 76.00 and today trades in the structure of the next wave of decline to 75.03. And with the division of this level, the possibility of reducing to 73.95 will open up. The target is local. USDJPY Japanese dollar currency pair to Japanese yen met local growth wave target – 104.88. The market is currently consolidating around this level. The range is not excluded until 105.05. Then we expect a correction link to level 104.30. Next, consider the probability of developing the next growth structure by 105.20. USDCHF THE CURRENCY PAIR OF THE US DOLLAR TO THE SWISS FRANC HAS WORKED A WAVE OF GROWTH TO 0.8920. The market has created a number of consolidations around it and with production up worked compound growth to the level of 0.8971. Today we will consider the probability of a correction to 0.8920. Then we expect growth to 0.9000. AUDUSD The Australian dollar to the US dollar continues to trade around 0.7625 without a clear trend. We expect a drop to 0.7550. Next, let’s look at the probability of an increase to 0.7700. BRENT Oil has up to 56.30 and broken. Practically, the market continues the trend to 57.90. Today we expect to reach 57.47. Then the correction link is not excluded until 56.30 (test in advance). Then there is the increase in To 57.90. GOLD Gold continues to trade around 1851.30 without a clear trend. With the exit from the trading range, the potential for reduction will open up to 1827.00. After reaching this level, we expect an increase of 1851.40. Bitcoin Bitcoin the market continues to form a consolidation range around the level of 34000. With the way out of it, the potential to drop to 26,600 will open. Once this level is reached, consider the probability of rising to 40400. S’P 500 Stock Index continues to develop the consolidation range around 3734.1. Its extension to 3832.0 is not excluded. Next, let’s look at the probability of a drop to 3700.0. And with its disintegration, there will be the possibility of a decrease of 3567.4. 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.

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