Technical analysis at the 10.08.2021

10.08.2021 EURUSD The euro-to-US dollar currency pair traded a consolidation range above 1.1745 and today trades to break it down. We expect to work out the level of 1.1707. Then the test from below 1.1745 is not excluded. Next – a decrease to the level of 1.1655 with the potential to continue the trend to 1.1600. GBPUSD The pound-to-US dollar currency pair continues to form a consolidation range around 1.3848. We expect a decrease to 1.3800. After that, the growth link to the level of 1.3848 is not excluded. Then – decrease to 1.3743. The target is local. USDRUB The currency pair of the US dollar to the Russian ruble has worked out the local correction target at 73.70. Today we will consider the probability of a reduction link to 73.30. Further, the growth link to the level of 73.83 is not excluded. On this we expect the correction to be completed. Then – decrease to 72.72. USDJPY The US dollar to Japanese yen currency pair continues to develop the consolidation range at 110.40. With the way out of it up will open the potential for growth by 110.70. With a way down, we expect a continuation of the trend to the level of 109.50. And with its breakdown we expect to work out 108.10. USDCHF The US dollar-to-Swiss franc currency pair has formed a consolidation range around 0.9153 and emerged from it upwards. Potential for growth to 0.9250 is closed. The target is local. After its development, we expect a correction by 0.9153. Then it is possible to continue the trend to the level of 0.9284. AUDUSD Australian dollar to US dollar currency pair formed the consolidation range around and out of the 0.7360 level. The potential for reduction to 0.7272 is open. After working out this level, we expect a growth link to 0.7360 (test from below). Next, a decrease to 0.7210. BRENT Oil produced a wave of decline to 67.80. We expect the beginning of a wave of growth by 72.60. After working out this level, consider the probability of correction before 70.00. A consolidation range will be formed for these levels. With its way up, the potential for growth to the level of 77.33 will open. With the way down does not exclude the continuation of correction up to 66.33. GOLD Gold performed a boost to 1751.30. After working it out, consider the probability of lowering to 1717.10. After that, we expect growth to the level of 1740.00. Then – decrease to 1705.55. Next, consider the probability of growth to 1735.30. S Consider the probability of rising to 4500.0. Back to a spiskuvnimaniye! Forecasts of financial markets are the private opinion of 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.

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