07.12.2020 EURUSD Euro The currency pair against the US dollar has worked another growth matrix to 1.2175. Today, we expect the correction to expand to 1.2100. After reaching this level, we expect it to rise to 1.2140. At these levels, we expect the scope of consolidation to develop. With its exit, the growth potential will open at 1.2200. Continuation of the adjustment to 1,2020 is not excluded.
GBPUSD U.S. dollar to break from 1.3400 worked another growth matrix to 1.3538. The market is currently trading at 1.3380. After its development, it is possible to link the increase with 1.3450. At these levels, we expect to create a scope for consolidation. With its exit, it does not rule out a continuation of the correction to the level of 1.3290. With the development of production, growth potential will open up to 1.3550.
USDRUB US dollar currency pair to the Russian ruble continues to develop a wave of decline. At present, overlaps of 73.70 are not excluded. Next, we expect to create a scope for consolidation at current lows. With its output, the correction wave may begin to reach 75.30. The goal is the first.
USDJPY Japanese dollar currency pair to Japanese yen still forms a consolidation range around 103.90. The main scenario is a drop to 103.77. And with this level down, it will open up a potential drop of 103.30. The target is local. Then – increase to 104.00. Then let’s look at the drop to 102.50. The goal is the main one.
USDCHF US dollar-to-Swiss franc currency pair forms a consolidation range above 0.8888. We expect it to rise to .8926. Next, let’s look at the probability of a drop to 0.8880. And with its distribution does not exclude a decrease to 0.8811.
AUDUSD US dollar versus US dollar continues to expand to 0.7407. After its development, we expect a combination of growth to 0.7428. At these levels, we expect to create a scope for consolidation. With the exit from it, the potential rise to 07458 will open. A further correction to 0.7366 is not excluded from the way down.
BRENT Oil has developed another wave of growth with a ceiling of 49.79. Today, the market is making a correction of 48.40. When finished, another wave of growth to 49.94 is possible. At this point, we expect the end of the growth wave. Next, let’s look at the probability of the wave starting to drop to 46.46. The goal is the first.
GOLD Gold continues its rise to 1851.11. We then expect the correction to fall to 1832.46. Once completed, we will consider the probability of rising to 1857.70. The goal is the first. After its development, we expect the correction to start at 1810.70.
Bitcoin Bitcoin market today is trading consolidation around 19220. With the exit from it, it is necessary to take into account the probability of “throwing away” the price by 19650. From the road down it is not excluded to fall to the level of 18200. Then there is the increase to 20,000.
S’P 500 The S&P 500 stock index is currently trading at 3694.0. With the exit from it will open up the potential for development 3719.4. Next, we expect a corrective link to level 3394.0. When finished, the probability of an increase to 3730.7 should be taken into account. 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.