Technical analysis at the 18.08.2021

08/18/2021 EURUSD Euro currency pair by US dollar worked out reduced to level 1.1710. At the moment the market forms a consolidation range around it. The update of level 1.1690 is not excluded. Then – growth link to 1.1800. Next – a decrease in the level of 1.1650 with a continuation of the trend to 1.1600. GBPUSD Currency pair Pound to US dollar worked out a wave of decline to 1.3733. In the moment the market is traded in the consolidation range. The link is not eliminated to 1.3700. Then – growth to the level of 1.3807. Further expect Create a new consolidation range. With its way up, the potential for growth by 1.4000 will open. Then – continuing the trend down, to the level of 1.3650. If you go out of range, the motion will be directed to the same level. USDRUB The US dollar-to-Russian ruble currency pair continues to form a consolidation range around 73.33. Its extension to 73.63 is not excluded. Consider the test at the bottom of this level as a correction. Next – a decrease in trend to the level of 73.00. And with its breakdown will open Potential for achievement 72.00. USDJPY Currency pair Dollar USA to the Japanese yen shaped the consolidation range around the level 109.50 and with the output from it it proposes to consider the probability of correction to 109.90. Correction Consider only as an alternative. And the main scenario remains to continue the wave of reduction to the level of 108.00. The goal is the first. USDCHF Currency pair US dollar to the Swiss Franca performed the level of growth to the level of 0.9151 and with the selection of it down traded in the reduction structure by 0.9100. And with a breakdown of this level, the potential to reach 0.9070 will open. After working out this level, we expect growth by 0.9100 (test from below). AUDUSD The Australian dollar to the US dollar currency pair performed a decrease to 0.7290 and with the figure of continuing the downward trend worked out the local goal – 0.7237. Today, a technical return to 0.7290 (bottom test) is not excluded. Then – decrease to 0.7200. BRENT Oil failed to break 70.00 up and today trading in the center of the formed range near the level of 69.30. With leaving it down, the potential for lowering to 68.00 will open. You can regard it as a continuation of the wave to the level of 67.00. After its overlap, the market will develop the full potential of the decline wave. Next, consider the formation of a reversal structure with the beginning of the growth wave by 72.00. GOLD Gold continues to develop a second growth momentum. We expect to work out the level of 1817.00. After that, consider the probability of developing a correction to 1768.15 (test from above). Then it is possible to develop another growth impulse to the level of 1868.25. The goal is the first. S 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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