Technical analysis at the 20.08.2021
The euro currency pair against the US dollar has worked out the next structure of the wave of decline to the level of 1.1665 and correction to 1.1702. You can regard this range as consolidation. With leaving it down, the potential for a decrease to the level of 1.1616 will open. The target is local. With an upward exit, the correction link to 1.1740 is not excluded. Then – a decrease to the level of 1.1616.
The pound-to-US dollar currency pair continues to trade under downward pressure to 1.3600. After it is worked out expect a correction link to 1.3690. Next – a decrease to the level of 1.3650. We expect a new consolidation range to be formed at these levels. With its exit up, the potential for correction to 1.3730 will open. With going down, it is possible to decrease in trend to the level of 1.3550.
The US dollar to the Russian ruble worked out another link of growth to the level of 74.15. Today we expect the formation of a consolidation range around it. With leaving it down, the potential for lowering to 73.40 will open. And with a breakdown and this level down will consider continuing the trend by 72.00.
The US dollar/Japanese yen currency pair performed a downward momentum to 109.50 and its correction to 109.85. Today, the market is trading under pressure to decline. We expect the trend to continue down, to the level of 108.98. And with its breakdown, the potential to reach 108.00 will open.
The US dollar/Swiss franc currency pair continues to develop its consolidation range above 0.9150. With output from it upwards, consider the probability of growth to 0.9222 with the prospect of continuing the trend to the level of 0.9290.
The Australian dollar-to-US dollar currency pair continues the downward trend. Today we expect to work out the level of 0.7117. After its development, the correction link to 0.7240 (test from below) is not excluded. Next is the continuation of the trend to the level of 0.7000.
Oil produced a wave of decline to 65.60. Today, the market is forming a range of consolidation over it. Consider the possibility of development of the first growth impulse to 67.47 level. Then – the reduction link to 66.60. At these levels, we expect the formation of a consolidation range. With its way up, the potential for growth will open by 69.30. The goal is the first.
Gold continues to develop the consolidation range around the 1784.00 level. With leaving it down, the potential for correction will open by 1750.00. With the way up, it is possible to grow to the level of 1817.00. The target is local.
S to level 4400.0 (bottom test). At the moment, the market forms a range of consolidation beneath it. Leaving it upwards and expanding the range to 4424.0 is not excluded. Then – the continuation of the trend to the level of 4342.8. The target is local.
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