Technical analysis on 29.01.2021

On 29.01.2021

EURUSD

euro, the currency pair against the US dollar made a call for an increase to 1.2130. Today, the market continues to trade under downward pressure. Expect to break through by 1.2100 down. The target is at 1.2044. After its development, we expect the next wave of growth to start to 1.2100. And with this level up, it will open up growth potential to 1.2200.

GBPUSD

The currency-to-US dollar combination has made a combination of growth to 1.3740. Today we expect the wave of declines to continue to 1.3673. And with this level down, it will open up the potential to reach 1.3590. At this point, we expect the correction to be completed. Then there is the increase to 1.3740. With its outbreak it will open up growth potential to 1.3820.

USDRUB

US dollar currency pair to Russian ruble with a breakdown of 74.50 continues to develop the correction to 77.07. After it is completed, the probability of starting the next wave of drop to 75.15 (pre-test) should be taken into account. It is then possible to develop a different growth structure to 77.40.

USDJPY

The japanese dollar currency pair to the Japanese yen continues to develop the growth structure to 104.66. After its development, we expect a reduction to 104.10 (at least). Next, let’s look at the probability of developing its unified growth structure to 104.88.

USDCHF

THE CURRENCY PAIR OF THE US DOLLAR TO THE SWISS FRANC HAS WORKED A WAVE OF DECLINE TO 0.8870. As the market has created a scope for consolidation over it and with production upwards it continues to develop a growth wave to 0.8927. After reaching this level, we expect the next wave of declines to start at 0.8870. And with this level down, it will open up the potential to reach 0.8838.

AUDUSD

The Australian dollar against the US dollar has worked a downward tide to 0.7628. The market is currently trading at 0.7694. We expect a continuation of the wave of declines to 0.7552.

101 000 BRENT

Crude Oil to 56.15. Today, with the market break, it has developed a structure of decline to 55.15. At the moment, a scope of consolidation is being created around this level. We see this as a continuation of the downward trend. With the division of the lower end of the range, the potential to reach the level of 54.10 will be opened. At this point, we expect the correction to be completed. Then – up to 56.20.

GOLD

Gold continues to form a consolidation range around the level of 1850.50. Today the “ejection” of the price to 1866.60 is not excluded. It then narrowed to 1827.87.

Bitcoin

Bitcoin market worked a wave of growth to 32000 and with the form of a continuation of the trend stretched this increase to 34000. Today, the market is trading in the next structure of the wave of decline to 32,000. And with its division will open the possibility of reducing to 27400.

S’P 500

Shares index ended the correction to 3832.0. Today, the market remains in a downward trend to 3720.2. And with the division of this level will open the possibility of reduction to 3606.0. The target is local.

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.