Technical analysis at the 11.08.2021
The euro-to-US dollar currency pair continues to trade off 1.1767 in the downward wave structure. Today, the growth link to 1.1740 (test from below) is not excluded. Then – continuation of the downward trend. The next objective is considered at 1.1680. After its development, we expect the development of a consolidation range. With it coming up, consider the probability of correction to 1.1767. With going down, the potential for lowering to 1.1600 will open.
Currency pair pound to dollar The US continues to form a consolidation range around level 1.3848. Today, the market has expanded it to 1.3818. Technical return to level 1.3848 (bottom test) is not excluded. Then – decrease to 1.3800. The structure of the downward trend continuation shape is practically considered. The local target is at 1.3750.
The currency pair of the US dollar against the Russian ruble continues to develop correction. Today, consider the probability of a reduction link to 73.55. Then the development of another structure is not excluded growth by 74.10 (test from below). Next, we will consider the development of a wave of decline to the level of 73.40.
The US dollar-to-Japanese yen currency pair continues to trade under pressure up to 110.70. After working it out, consider the probability of starting correction by 110.00 (test from above). After that, it is possible to develop another growth structure to the level of 111.30.
The US dollar/Swiss franc currency pair continues to grow against 0.9250. Today the downlink to 0.9200 (top test) is not excluded. Then – growth to the level of 0.9250. The target is local. After it is worked out, consider the beginning of the correction to 0.9151. Next is an increase to 0.9284. The uptrend goal is the first.
The Australian dollar-to-US dollar currency pair has formed a consolidation range around 0.7360 and has come down from it. The potential to reach 0.7272 is open. Yesterday, the market expanded the range to 0.7314. Today, the technical test from below level 0.7358 is not excluded. Then – decrease to 0.7296. The goal in the wave of decline is local.
Oil has developed a growth momentum of 71.33. Today, consider the probability of a correction link by 69.50. Then we expect growth to the level of 72.20. And with its breakdown, the potential for growth will open by 74.74. The target is local.
Gold has worked out the expansion of the range to the level of 1717.10. Today is the return to 1735.00. We expect the development of another structure of decline to the level of 1705.55. On this, the correction potential will be exhausted. Next, consider the beginning of the next wave of growth by 1763.60.
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