Technical analysis on 26.01.2021
The euro currency pair against the US dollar failed to gain a foothold above the upper end of the consolidation range at 1.2170 and headed to the lower limit of 1.2150. With the division of this level, the market worked a measured rate to 1.2117 and today continues to develop the consolidation range around the level of 1.2150. Its expansion to 1.2108 is not excluded. Next, we expect the growth structure to grow to 1.2170.
Pound currency to US dollar continues to develop the scope of consolidation around the level of 1.3680. Currently, the market remains in the expansion structure to 1.3636. We consider this decrease to be a correction. At its end, we expect a rise to 1.3760.
US dollar currency pair against the Russian ruble continues to develop the correction to 75.90. At the end of the day, we expect it to drop to 74.58. And with this level down, it will open up the potential to reach 73.30.
The japanese dollar currency pair to the Japanese yen creates a consolidation range above 103.66. It is not excluded to extend to 103.98. It then narrowed to 103.22.
US dollar currency pair to Swiss franc continues to adjust to 0.8894. After providing this, we expect a drop to 0.8833. Then you can start another wave of growth to the level of 0.8900.
The Australian dollar against the US dollar continues to develop a wave of decline to the level of 0.7670. Then we expect growth to 0.7736. And with this level up, it will open up growth potential to 0.7790.
Oil continues to form a consolidation range above 55.35. We expect to get out of it to 54.10. At this point, the wave of correction will exhaust its potential. Then – increase to 55.50. And with this level broken up, it will open up growth potential to 56.60.
Gold continues to form a consolidation range above 1854.30. Expect it to rise to 1833.50. Then there is the increase to 1854.40. Then – fall to 1830,00. And with the division of this level will open the potential to reach 1800,00.
Bitcoin market with a break from the level of 34600 traded in the structure of the decline to 31000. Next, let’s look at the probability of rising to 36,000. Next, we expect the next reduction structure to develop to 30,000.
The stock market index has traded at 3800.0 and the correction to 3859.0. The market is currently consolidating around 3836.2. With the exit from it upwards does not exclude the extension of the range to 3875,5. With this, the decline will open up the potential for a decrease to 3790.0.
Ind.) 101,000 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.