Forexpamm

Technical analysis for 23.12.2020

23.12.2020 EURUSD euro Currency pair against the US dollar has developed a wave structure of decline to 1.2152. Today, the market has crashed by 1.2184 and at the moment a range of consolidation is forming around this level. We expect it to rise to 1.2218. Then we expect a drop to 1.2184. Practically, the market creates a wide range of consolidation around the level of 1.2184. With the exit from it, the potential to drop to 1.2050 will open. From production upwards it is possible to increase to 1.2330.

GBPUSD Pound currency pair to US dollar worked a downward tide to 1.3308. Today, the market broke through 1.3370 and continues to rise to 1.3439. Then we expect a drop to 1.3370. Practically, the market creates a series of consolidations around it. With its exit, it will open up growth potential to 1.3544. As it declines, we expect it to fall to 1.3180.

USDRUB US dollar currency pair to Russian ruble continues to expand the scope of consolidation around 75.40. Today it does not rule out expansion to 76.10. After reaching this level, we expect the next wave of declines to rise to 74.50. And with the division of this level down will open up the potential for development 73.20.

USDJPY US dollar currency pair to Japanese yen continues to expand its consolidation range around 103.51. Its expansion to 103.77 is not excluded. If you split the level to 103.30 down, it will open up the potential for a drop to 103.00. And with the division and this level, it is necessary to consider the continuation of the wave of decline on the development of 102.50.

USDCHF US dollar currency pair to Swiss franc broke .8880 and continues to develop a downward tide to 0.8855. After reaching this level, we expect growth to be 0.8880. With this range going down, the potential to fall to 0.8840 will open up with the prospect of the trend continuing to 0.8811. With an increase in profitability, an increase to 0.8940 is not excluded.

AUDUSD US dollar today continues to expand the consolidation range around 0.7544. With the exit from the growth potential to 0.7636. With the downward trend, we will consider continuing the trend to 0.7490. And with his breakout down he will open up the prospect of working out .7373.

BRENT Oil gained another wave of decline to 49.50. Today, consider the probability of an increase to 50.25 (test from below). We then expect the correction to continue to reach 47.83. The target is local.

GOLD Gold was down to 1863.68. At the moment, the market is creating a number of consolidations around it. It is not excluded to link the increase with 1875.70 (lower test). Then ā€“ drop to 1844.54.

Bitcoin Bitcoin market has created a consolidation range below the level of 23100 and with production upwards has reached the local growth wave target ā€“ 23950. Today we expect a drop to 23100 (pre-test). Then consider the probability of developing a different growth structure up to 24250. The stock index 101,000 Sā€™P 500 continues to expand above 3670.9. Today we will consider the probability of an increase to 3709.0. Furthermore, a decrease to 3670,9 (pre-study) is not excluded. Next, consider the probability of developing a different growth structure to 3736.2. 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.