03.12.2020 EURUSD Euro Currency pair against the US dollar has created a consolidation range around the level of 1.2072 and today trades on expansion to 1.2127. This level will only be considered an alternative. The main scenario assumes the beginning of a wave of decline to 1.2040. The goal is the first.
GBPUSD Pound currency pair against the US dollar traded lower to 1.3287 and correction to 1.3353. Today, the market is creating a series of consolidations around this level. We expect it to expand to 1.3385. Then – drop to 1.3353. Furthermore, as an alternative, another link between growth and 1.3418 is not excluded. And the main scenario is considered to drop to 1.3287 with the prospect of reaching 1.3150.
USDRUB US dollar currency pair against the Russian ruble continues to develop a wave of decline to 74.60. Currently, it is not excluded to combine the increase with 75.60 (test from below). Next – continuation of the wave to the level of 74,60. After its development, we expect to start the correction to 77.70.
USDJPY Japanese dollar currency pair to Japanese yen continues to expand its consolidation range around 104.22. The market has once again developed an approach to its upper limit – 104.68. Today, the pair is trading at 104.22. And with its breakout down it will open up the possibility of a reduction to 103.83 – the lower end of the range. Getting out of it down will drop to 102.50. The goal is the main one.
USDCHF US dollar currency pair to Swiss franc with a loss of 0.9015 worked on a wave of decline to 0.8936. We expect the scope of consolidation to develop at current lows and the beginning of the growth wave to 0.9015. The goal is the first.
AUDUSD US dollar to 0.7419. Today, the market is trading under it in terms of consolidation. The main scenario is to consider a drop to 0.7366. Next – rise to 0.7390.
BRENT Oil worked corrective link to 47.84. Today we will consider the probability of an increase to 48.98. Once this level is reached, we expect to create a scope for consolidation at current highs. With the exit from it, the potential to drop to 46.80 will open.
GOLD Gold has reached its main growth rate target of 1833.33. At the moment, the market is creating a number of consolidations around it. The range was extended to 1842,54. It is then expected to fall to 1811.98. Taking into account the likelihood of a continuation of the correction to 1784,07.
Bitcoin Bitcoin market today is trading in terms of consolidation around the level of 18800. When exiting it up consider the probability of “throwing away” the price up to 20,000. From the road down, consider the probability of a reduction to 18,000. Next – rise to 18800.
S’P 500 The stock market index continues to form a consolidation range above 3646.3. Extending the range to 3682.1 is not excluded. It then narrows down to 3646.3. At the exit of this range down we expect a drop to 3613.5. Then – increase to 3646.3 (test from below). Then we expect a drop to 3600.0. 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.