Forexpamm

Technical analysis on 05.01.2021

05.01.2021 EURUSD euro The currency pair against the US dollar has worked a wave of growth to 1.2309 and a correction of 1.2240. Today, we expect the growth structure to grow to 1.2326. Then – drop to 1.2240. For these levels, consideration should be given to consolidating the scope. When exiting it, it does not exclude the continuation of the correction to the level of 1.2210. With the development of production, the potential for the development of the next wave of growth will open up to 1.2370.

GBPUSD U.S. dollar rose to a local target of 1.3791 and correction to 1.3547. At the moment, the market is creating a number of consolidations at low. It is expected to rise to 1.3636 and fall to 1.3580. With this range going up, it will open up the potential for a growth wave to 1.3722. On the way down, a continuation of the correction to 1.3455 is not excluded.

USDRUB US dollar currency pair against the Russian ruble worked another wave of decline to 73.05 and correction to 73.71 (test from below). Today, we expect the next combination of this wave to rise to 72.50.

USDJPY US dollar currency pair against the Japanese yen worked a wave of declines to 102.70 and a correction to 103.23. Today, the market is trading under downward pressure. We expect the level of 102.60 to be smooth. Then the correction link is not excluded until 103.30. It then narrows to 102.50. The goal is the main one.

USDCHF The currency of the US dollar against the Swiss franc continues to develop a downward tide to 0.8777. After its development, a correction relationship with 0.8813 is not excluded. Then – fall to 0.8750.

AUDUSD US dollar fell to .7644 and correction to 0.7704. Today, we expect another correctable link to be developed to 0.7637. It is then possible to expand the next growth wave to 0.7781. 101 000 BRENT Oil set a downward momentum to 51.02. At the moment, the market is trading around consolidation. When leaving it, the probability of rising to 52.15 should be taken into account. Then – drop to 51.40. With this range going up, it will open up growth potential to 53.50. From the way down it is possible to continue the correction to 49.50.

GOLD Gold today trades for consolidation above 1931.33. Its expansion until 1948.70 is not excluded. Then we expect the beginning of the wave to drop to 1908.55.

Bitcoin Bitcoin market worked a wave of correction to 28000 and today is trading in a growth structure up to 33300. After reaching this level, we expect it to drop to 30,600. At these levels, we expect to create a scope for consolidation. When producing upwards, the probability of its expansion to 35555 should be taken into account. Along with the down will open up the potential for further adjustment to 26000. /> S’P 500 The stock index rose to 3766.2 and was revised up to 3671.2. The market is currently growing to 3723.8. At these levels, we expect the scope of consolidation to develop. When exiting it, you should take into account the probability of “throwing out” the price to the level of 3800,6. From the way down you can continue the correction to 3615.4. 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.