Technical analysis on 28.01.2021

28.01.2021

EURUSD

Euro currency pair against the US dollar fell to 1.2110. After exiting the consolidation range, a measured rate of decline was carried out to 1.2055. Today, the market has returned to 1.2111 (bottom test) and at the moment the pair is trading at 1.2040. Practically, the market has longed a correction. At its end, we expect the next wave of growth to start at 1.2111. And with its outbreak it will open up growth potential to 1.2200.

GBPUSD

Pound currency to US dollar has made a correction to the level of 1.3700. The market has created a range of consolidation around it and with the collapse down there has been a wave of declines to 1.3666. Today, the pair returned to 1.3720 for the bottom test and continues trading in the next reduction structure to 1.3644. When applied to this level, the probability of an increase to 1.3777.

USDRUB

US dollar currency pair to the Russian ruble with a breakdown of 74.50 continues to develop the correction to 76.04. Once completed, we will consider the probability of starting the next wave of decline to 74.50. And with this level down, it will open up the potential to reach 73.20.

101,000 USDJPY

Japanese dollar currency pair to the Japanese yen worked a wave of growth to 104.35. Today, the market is creating a number of consolidations in it. Its expansion is not excluded 104.44. Then we expect the beginning of the decline to 103.80. And with this level down, it will open up the potential to reach 103.22.

101,000 USDCHF

THE CURRENCY PAIR OF THE US DOLLAR TO THE SWISS FRANC HAS WORKED A WAVE OF GROWTH TO 0.8899. At the moment, the market is creating a number of consolidations around it. Its expansion to 0.8921 is not excluded. It is then expected to fall to 0.8860. And with its split, the potential for a reduction to 0.8832.

AUDUSD

Australian dollar vs. US dollar worked a downward wave to 0.7628. The market is currently trading at a growth rate of 0.7694. After working out this level, it is not excluded to combine the reduction to 0.7611. It then rises to 0.7690.

BRENT

Oil continues to form a consolidation range around 55.60. At the moment, the market is trading near the lower limit – 55.05. Today we will consider the probability of rising to 55.60. And with its explosion, we expect it to rise to 56.25. If the level of 55.00 is broken down, it is not excluded to continue the wave of decline to 54.10. On this ox correction its potential will be exhausted. Then we expect it to rise to 56.25. With its breakout up it will open up growth potential to 58.60.

GOLD

Gold continues to develop a downward tide to 1827.33. After overwork, the probability of an increase to 1850.80 should be taken into account. And by dividing this level upwards it will open up growth potential to 1866.66.

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Bitcoin

Bitcoin market has developed a downward wave to 29100 and is currently trading at a correction to 31800. At the end of the day, we expect it to drop to 27,400. Next, let’s look at the probability of an increase to 32,000.

S’P 500

Stock Index created a consolidation range around 3795.0 and hit it down. Today, the target of the downward wave is 3718.6. At the moment, the market maintains the correction structure to 3795.0. Next, let’s look at the probability of reduction to 3700.0.

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.