Technical analysis at the 19.08.2021

19.08.2021

EURUSD

The euro-dollar currency pair was able to work out a correction to the level of 1.1740 and with a break from it performed a decrease to 1.1680. The structure of the trend continuation figure formed around the 1.1711 level was practically manifested. We consider this descent structure as the third wave. The local target is 1.1616. After working it out, consider the probability of developing a correction to 1.1711 (test from below).

GBPUSD

The pound-to-US dollar currency pair has worked out a correction of 1.3780 and is rejected from this level down continues the development of a wave of decline. At the moment, the market reached 1.3715. We expect the trend to continue down to 1.3690. We consider it as the goal of another wave of decline. We expect the development of a compact consolidation range around it as a figure of the continuation of the trend. The estimated reduction goal is at 1.3600.

USDRUB

The US dollar currency pair against the Russian ruble worked out a link of growth to the level of 73.93. Today we expect the formation of a consolidation range around it. With output from it down opens the potential for reduction to 72.70.

USDJPY

The US dollar/Japanese yen currency pair has worked out a correction to 110.10. Today we expect to form a consolidation range at these highs. With its exit down, the potential for reduction to the level of 109.33 will open. And with its breakdown down, we expect the trend to continue to 108.50. The target is local.

USDCHF

The US dollar-to-Swiss franc currency pair continues to grow to the 0.9222. After it is worked out, consider the probability of correction up to 0.9150. Further, we expect growth to the level of 0.9290.

AUDUSD

The Australian dollar-to-US dollar currency pair continues its downward trend. At the moment, the market has worked out the level of 0.7200. Today, the growth link to 0.7240 is not excluded. Next is the continuation of the trend to the level of 0.7170. The target is local.

BRENT

Oil is out of the existing consolidation range down. At the moment, the market worked a link of decline to the level of 67.15. Today is not excludes growth structure by 67.80. Further, we expect a decrease to the level of 67.00 (at least). On this, the full potential of the decline wave will be developed. We expect to begin to form a new consolidation range at these lows with signs of a reversal figure. With it coming up, consider the development of the growth momentum to the level of 72.00.

GOLD

Gold today trades in the second downward momentum structure. The goal is 1777.00. After that, we expect growth to the level of 1784.00. Then – decrease to 1768.68. Next, consider the probability of the beginning of the development of the next growth structure to the level of 1817.00.

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