08.12.2020 EURUSD euro Currency pair against the US dollar has developed a structure of decline to 1.2080 and correction to 1.2155. The market is currently consolidating around 1.2116. Currently, this range is not excluded until 1.2065. Then there is the increase to 1.2155. With the range going up, it will open up growth potential to 1.2200. From the way down it is not excluded to work out the level of 1.2054.
GBPUSD U.S. pound to U.S. dollar worked a downward wave to 1.3240 and today trades in consolidation around the level of 1.3340. We expect the range to increase to 1.3452. Next, let’s look at the probability of a drop to 1.3155.
USDRUB US dollar currency pair against the Russian ruble creates a range of consolidation on low downward waves. Overlap of 73.23 is not excluded. Next, we expect a combination of growth to 75.03. Then – drop to 74.07. With this range going up, it will open up growth potential to 77.50. From the road down you can reduce to 70.80.
USDJPY Japanese dollar currency pair to Japanese yen revised to 104.30. The market is currently in a downward structure to 103.77. As this level is broken down, the potential to drop to 103.30 will open up. The target is local.
USDCHF US dollar-to-Swiss franc currency pair continues to form a consolidation range of around 0.8890. An extension to 0.8952 is not excluded. Next, let’s look at the probability of a drop to 0.8890. And with its distribution does not exclude a decrease to 0.8811.
AUDUSD US dollar to 0.7458. You can then reduce it to 0.7402. At these levels, we expect to create a scope for consolidation. With the way out of it, the potential to drop to .7364 will open.
BRENT Oil continues to develop the correction to 47.93. Once completed, we will consider the probability of developing a different growth structure to 49.94. Then you can start a wave of drop to 46.50.
GOLD Gold today broke the level of 1848.33 and trades rising to 1873.19. After reaching this level, we expect a drop to 1848.33 (pre-test). Next, let’s look at the probability of rising to 1890.50.
Bitcoin Bitcoin market today creates a consolidation range around the level of 19100. The decline until 18800 was not ruled out. Once this level is reached, the probability of an increase by 19600 should be taken into account. Then – fall to the level of 19100. With this range, we expect growth to reach 20,000. You can then reduce it to 18,000.
S’P 500 The stock market today continues to expand its consolidation range around 3688.5. With the exit from it will open up the potential for development 3713.4. Then expect a correction to 3388.0. 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.