Forexpamm

Technical analysis for 05.11.2020

05.11.2020 EURUSD euro The currency pair against the US dollar has recovered to 1.1602 and returned to 1.1680. At the time when the market formed a consolidation team around this level and today broke it. The market suggests considering the probability of rising to 1.1770. Then you can start another wave of drop to 1.1600. And with this level broken down, the potential for a wave of decline will open up to 1.1425. The goal is calculated.

GBPUSD Pound currency pair to US dollar trades in terms of consolidation around 1.2993. It is expected to rise to 1.2853. And with its division, the reduction potential will open up to 1.2777. The goal is calculated.

USDRUB US dollar currency pair to The Russian Ruble with the opening of markets will close at 77.07. After that, the correction link to 78.35 is not excluded. We then expect it to drop to 76.07. The goal is the first.

USDJPY Japanese dollar currency pair to Japanese yen still forms a consolidation range around 104.54. Today, consider the probability of its expansion to 104.00. Subsequently, the link between growth and 104.50 is not excluded. Then we expect a drop to 103.70. The goal is the first.

USDCHF US dollar currency pair to Swiss franc trades at a consolidation rate around 0.9133. Today, a drop to 0.9077 cannot be ruled out. Next, consider the probability of starting the next wave of growth to 0.9200. And with its explosion upwards it will open up growth potential to .9304. The target is local.

AUDUSD US dollar continues to expand its consolidation range around 0.7147. It is not excluded to link the increase to 0.7222. Then let’s look at the drop to 0.7147. And with its breakout down it will open up the potential to drop to .7040.

BRENT Crude oil continues to expand its consolidation range around 40.24. The reduction compound to 39.60 is not excluded. Next, let’s look at the probability of rising to 42.69. The goal is the first. Then we expect a correction link to 39.60.

GOLD Gold received support at 1889.42 and today remains under upward pressure to 1921.04. A tensile link to 1929.55 is not excluded. Next, let’s look at the probability of a reduction to 1889.42. And with this level down, it will open up the potential to drop to 1859.80.

Bitcoin Bitcoin market worked to rise to 14250 and at the moment creates a scope for consolidation around it. It is not excluded to link the increase with 14500. Then we expect the correction to start to at least 13500.

S’P 500 Stock Index was up 3440.4. At a time when the market is trading in its disintegration. The development of another growth combination to 3545.3 is not excluded. Here’s a look at probability 3334.4. The goal is the first. 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.