22.10.2020 EURUSD Euro currency pair against the US dollar worked another compound of growth to the level of 1.1880 and today is trading in the structure of the rate of decline. Consider the probability of working out 1.1840. You can then create a consolidation scope at this level. With its exit, we expect a continuation of the wave of declines to 1.1814 with the prospect of the trend developing to 1.1750.
GBPUSD Pound currency pair against the US dollar broke off at 1.3015 and worked another compound increase to 1.3165. Practically, the market has completed the correction. Today, let’s look at consolidation opportunities below this level. With its exit, it will open up the potential for the next wave of decline to 1.3015 with the prospect of reaching 1.2899.
USDRUB Russian dollar to Russian ruble broke the level of 77.30 down and worked on a wave of decline to 76.72. Today we will consider developing a combination of growth to 77.30, test from below. Then we expect a drop to 76.40 (at least). The goal is the first.
USDJPY Japanese yen collapsed to 105.00 and met its estimated drop target of 104.40. Today, the market is trading above it in terms of consolidation. Another level of decline to 104.20 is not excluded. Then we expect a correction link to 105.00, test from below. Next – decrease 103.90. The goal is the first.
USDCHF US dollar-to-Swiss franc currency pair has produced another wave of declines to 0.9030. Today, the market has performed the growth momentum with a correction and is currently trading at the top of the first upward momentum. Consider the probability of creating a growth wave of 0.9090. After its development, we expect a combination of reductions to 0.9065. Then you can rise to 0.9097. The goal is the first.
AUDUSD The Australian dollar against the US dollar has worked a wave of growth to 0.7133 and continues to develop a downward tide with a break from it. Today we expect to work out 0.7078. Then take into account the probability of to 0.7110. Then you can reduce it to 0.7070. And with this level down, it will open up the potential to reach 0.7000.
BRENT Crude oil continues to trade for consolidation around 42.70. Today, the market remains close to the lower limit. We expect to work out 41.50. We will then consider the likelihood of developing a growth link with 42.50. And with its eruption upwards it will open up growth potential to 43.50 with the prospect of reaching 44.22 (at least). If you split 41.50 down from the number to continue the decline, consider an alternative scenario with an adjustment of 35.50.
GOLD Gold worked another growth structure to 1931.00. Today, the market is trading on a downward bounce. We expect a drop to 1903.40. And with this level broken down, it will open up the possibility of falling to 1877.20. The likelihood of a continuation of the downward trend is practically taken into account.
Bitcoin Bitcoin market has met the main growth wave target at 13,000 and is currently trading under downward pressure. We expect to work out 12100. Then – correction to level 12550. Then you can reduce it to 11500. The
S’P 500 created a consolidation range around 3447.1 and today expanded to 3412.2. In addition, the link between growth and 3447.1, the bottom test, is not excluded. With the exit from this range down will open the possibility of reduction to 3370,0. And with the split and this level will be the prospect of developing a third wave of downward trend to 3202.8. And that’s only half the drop. 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.