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Forex Technical Analysis & Forecast 09.08.2021

EURUSD, “Euro vs US Dollar”

The currency pair has performed a wave of decline to 1.1744. Today the market is trading in a structure of growth towards 1.1763. This will be followed by a decline to 1.1750, and then a consolidation range is likely to develop at these levels. With an escape upwards, the price might then correct to 1.1788. After an escape downwards, the trend might continue to 1.1600.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

The currency pair has performed a structure of decline to 1.3870. Today the market is forming a consolidation range around this level. With an escape downwards, a decline to 1.3790 might start. With an escape upwards, the quotations might correct to 1.3900 (a test from below), followed by a decline to 1.3790.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

The currency pair suggests further correction to 73.53, followed by a decline to 73.25. Then another link of growth to 73.83 is possible. There the correction will be over and followed by a decline to 72.72.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

The currency pair has performed a wave of growth to 110.40. Today we expect a decline to 109.55. At these levels, a consolidation range is likely to form. With an escape downwards, the trend might continue to 108.10.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

The currency pair has performed a wave of growth to 0.9155. Today the market is forming a narrow consolidation range at this high. We expect an escape to 0.9070 downwards.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

The currency pair has performed a structure of decline to 0.7327. At the moment, the market is trading in a consolidation range around 0.7357. With an escape downwards, we expect the trend to continue to 0.7272. With an escape upwards, the correction might continue to 0.7444. Then the trend should continue downwards.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Oil has performed a wave of decline to 69.10. Today we expect a consolidation range to develop above this level. With an escape upwards, another wave of growth to 73.00 should start.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold has declined to 1666.70. At the moment, the market is trading in an impulse of growth to 1743.33. After this level is reached, we expect a link of decline to 1705.25. At these levels, a consolidation range is likely to form with an escape downwards, a pathway to 1620.20 will open. With an escape downwards, the pair might rise to 1764.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The stock market has performed a structure of growth to 4440.0. Today, the market has started to form a declining impulse to 4400.0. Then a consolidation range is likely to form at these levels. With an escape downwards, a pathway to 4333.3 should open. With an escape downwards, the trend should continue to 4500.0.

S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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