Technical analysis at the 07.07.2021
The euro-dollar currency pair has worked out the correction structure to the level of 1.1893. The market performed a decrease to 1.1834. At the moment around this level, a consolidation range was formed and punched down. Today we expect a test from below the level of 1.1834. Next – a decrease to 1.1777. After working out this level, we expect the formation of a new consolidation range around it.
The pound-to-US dollar currency pair has worked its correction link to 1.3896. The market has fulfilled the momentum of decline up to 1.3833 and formed a consolidation range above this level. Today we expect the development of the next structure of the wave of decline by 1.3750. After working out this level, consider the probability of correction to 1.3822.
The US dollar currency pair to the Russian ruble has worked out the local target of the correction wave – 74.44. Today we expect a reduction link to 73.23 (test from above). After that, consider the development of another growth structure to the level of 75.00. On this we expect the correction to be completed. Next – a decrease by 72.00.
The US dollar to Japanese yen currency pair continues to develop a wave of decline to 110.27. After its development, we expect a growth link by 111.00. Next – a decrease to the level of 109.50.
The US dollar/Swiss franc currency pair continues to develop the consolidation range around 0.9201. The reduction link to 0.9131 is not excluded. Next, we will consider the development of another wave of growth to the level of 0.9340. The goal is the first.
Currency the Australian dollar to the US dollar performed a technical return to 0.7610. Today, the market is trading in the next structure of the wave of decline by 0.7411. After testing this target, consider the probability of correction to 0.7610.
Oil performed a wave of decline to the level of 75.55. At the moment, the market formed a consolidation range around it, from which it then came down. Consider the probability of continuing correction to 73.44. Next, we expect growth by 79.20.
Gold worked out a correction to the level of 1814.85. Today we expect the formation of a consolidation range under it. With its exit down, the potential for the continuation of the wave to the level of 1750.30 will open. And with its breakdown down, it is possible to reach 1688.29. The target is local.
S their authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results of the work that may arise when using the trading recommendations from the submitted reviews.