Technical analysis at the 23.08.2021

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Technical analysis at the 23.08.2021

23.08.2021

EURUSD

The euro-to-US dollar currency pair has worked out another pattern of decline wave to 1.1633 and correction to 1.1697. Today, the market has formed a consolidation range around this level and, with the way up, offers a continuation of the correction by 1.1731. After its completion, we expect a decrease to 1.1697. At these levels, we expect the development of a new consolidation range. With leaving it down, the potential to reach 1.1600 will open. As we go up, consider the probability of continuing the correction to 1.1740.

GBPUSD

The pound-to-US dollar currency pair has worked a wave of declines to 1.3601. The target is local. Today, the market is trading in the structure of the correction link by 1.3666. The test at the bottom of level 1.3680 is not excluded. Next, a decrease to 1.3599.

USDRUB

The currency pair of the US dollar to the Russian ruble today trades in the structure of the decline to the level of 73.60. After it is worked out, a correction link to 74.04 is possible. At these levels, we expect the development of the consolidation range. With the way out of it down consider the probability of continuing the trend to 72.00. With the way up, the growth link by 75.00 is not excluded.

USDJPY

The US dollar to Japanese yen currency pair continues to correct the downward momentum. At the moment, the market formed a consolidation range around the level of 109.73. Today, the probability of a reduction link to 109.59 is considered. Then – growth to the level of 109.97. After that, we expect a decrease by 109.19. The target is local.

USDCHF

Currency pair US dollar to Swiss franc continues to develop the consolidation range above 0.9166. Today we expect a reduction link to 0.9140. Then – growth to the level of 0.9166. Further, we expect a decrease by 0.9126. In this we consider the completion of the correction. After this completion, we expect the development of another wave of growth to the level of 0.9222.

AUDUSD

The Australian dollar to the US dollar currency pair worked a wave of decline to 0.7117. Today we consider the probability of a link in correction to 0.7212. Then – decrease to 0.7000.

BRENT

Oil continues to form a consolidation range around 66.16. Today we expect a growth link by 67.27. Then – decrease to 66.16 (test from above). With their range up, the potential for growth to 69.40 will open. With going down, the development of another reduction link by 64.50 is not excluded.

GOLD

Gold continues to develop the consolidation range around the level of 1784.00 without a pronounced trend. Today we consider the probability of developing another reduction link by 1772.22. Later we expect this to increase to 1819.00.

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