Technical analysis at the 12.08.2021

12.08.2021

EURUSD

The euro-to-US dollar currency pair worked a wave of decline to 1.1705 and served as a growth link to 1.1750. Today we expect the formation of a consolidation range under this level. Its extension to 1.1766 is not excluded. Then – a decrease to the level of 1.1720. And with its breakdown, the potential for a decrease in trend to 1.1675 will open.

GBPUSD

The pound-to-US dollar currency pair worked a wave of declines to 1.3802 and began to develop a correction. Today, the “ejection” of the price by 1.3894 is not excluded. Then we expect the development of another wave of decline to the level of 1.3750. The goal in this reduction structure is local.

USDRUB

The currency pair of the US dollar to the Russian ruble has worked out a correction to the level of 74.10 and continues to develop another wave of decline. Today we will consider the probability of working out 73.33. Then we expect to form a consolidation range around this level. With leaving it down, the potential for lowering to 72.70 will open. With the way up, the link is not excluded correction to 73.73 level. Next is the continuation of the trend to 72.00.

USDJPY

The US dollar to Japanese yen currency pair has worked a wave of growth to the level of 110.70 and is trading downwards in the structure of decline by 110.05. Then – growth to the level of 110.40. At these levels, we expect the formation of a consolidation range. With the way out of it up, growth by 110.80 is not excluded. With going down, the potential for reduction to the level of 109.60 will open.

USDCHF

Currency pair US dollar to Swiss franc continues to develop correction to 0.9198 level. After its development, we expect a growth link by 0.9250. The target is local. Then – a decrease in correction to the level of 0.9150. After its completion, we expect growth by 0.9284. The goal is the first.

AUDUSD

The Australian dollar-to-US dollar currency pair has broken the consolidation range up and suggests considering the possibility of a correction to 0.7400. Today we expect a reduction link to 0.7356. With this level moving up, consider the probability of growth by 0.7400. In case of breakdown 0.7350 down potential for reduction to the level of 0.7272 will open.

BRENT

Oil moving up from 69.50 continues the growth wave. Today, the market has worked out growth to the level of 71.30 and at the moment forms a narrow range of consolidation over it. We expect continued growth by 75.17. The target is local.

GOLD

Gold has broken 1737.82 up and suggests considering the probability of continuing the growth wave by 1763.53. The growth structure is seen as corrective. After this is worked out level is expected to decrease to 1737.80. And with the breakdown of this level down, the potential to reach 1700.00 will open.

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