Technical analysis on 22.02.2021
euro currency pair against the US dollar has worked a wave of growth to the level of 1.2100. The market traded around it for a number of consolidations and with production up opened up growth potential to 1.2190. Currently, the range has been extended to 1.2144, and the technical return to the level of 1.2107 (test in advance). The compound drop to 1.2100 is not excluded. We then expect it to rise to 1.2144. And with its distribution it will open up growth potential to 1.2190. And that’s only half the next wave of growth.
U.S. dollar rose to 1.3990 and formed a compact range of consolidation around it. With its release, he developed an extension of the range to 1.4050. Currently, the test is not excluded from the top level of 1.3990. Then we expect growth to 1.4050. And with this level broken down, we expect the trend to continue to 1.4141. The target is local.
US dollar currency pair against the Russian ruble reached 74.20. Today, the market is trading at 73.40. Then the test from the bottom level of 73.80 is not excluded. Then – down to 72.72.
US dollar currency pair to Japanese yen trades today in a rise to 106.29. After its development, a correction link of 105.85 is not excluded. Next – up to 106.44.
US dollar currency pair to Swiss franc traded at 0.8981. After its development, we expect a drop to 0.8957. Next, let’s look at the probability of an increase to 0.9000.
The Australian dollar against the US dollar has worked a wave of growth to 0.7900. The target is local. Today we will consider the probability of a correction to 0.7808. Next, we expect growth to be related to 0.7915.
Oil has achieved a wave correction to 61.50. The market is currently rising to 63.60. Once this level has been worked out, the probability of adjustment to 62.57 should be taken into account. Next – up to 65.30.
Gold adjusted to 1791.15. Today, the market is creating a number of consolidations in it. We expect a continuation of the wave of declines to 1748.50.
Bitcoin market worked a wave of growth to the level of 58300. Today we expect a downward tide to grow to 55,000. And with this level down, it will open up the possibility of reducing to 51500. The goal is the first. After reaching this level, we expect growth to be related to 55,000.
The stock market index continues to trade above 3900.5 without a clear trend. Today we expect a drop to 3852.0. Next – increase to 3900.0 (test from below). Then – drop to 3830.0. The goal is the first.
Financial Market Forecasts are private opinions of the authors. Current analysis does not provide a trading guide. RoboForex is not responsible for the results of the work that may occur when using the trading recommendations of the presented reviews.