RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Forex Technical Analysis & Forecast 24.08.2021

EURUSD, “Euro vs US Dollar”

After breaking 1.1705 to the upside, EURUSD is still growing towards 1.1755. Later, the market may form a new descending structure to break 1.1700 and then continue falling with the target at 1.1600.

Forex Technical Analysis & Forecast 24.08.2021 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”

GBPUSD is correcting towards 1.3737 and may later trade downwards to break 1.3670. After that, the instrument may continue falling within the downtrend with the target at 1.3597.

Forex Technical Analysis & Forecast 24.08.2021 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is about to finish the correction towards 74.20 and may later form a new descending impulse to break 74.00. After that, the instrument may continue trading downwards with the short-term target at 73.73.

Forex Technical Analysis & Forecast 24.08.2021 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

After rebounding from 110.10 and completing the descending structure at 109.63, USDJPY is correcting upwards. Later, the market may start a new decline to break 109.45 and then continue falling within the downtrend with the target at 109.03. On the other hand, if the price grows and breaks 110.13, the market may form one more ascending structure to reach 110.77.

Forex Technical Analysis & Forecast 24.08.2021 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9126. Possibly, today the pair may break the range to the upside and reach 0.9166. After that, the instrument may start a decline towards 0.9141 and then form one more ascending structure with the target at 0.9222.

Forex Technical Analysis & Forecast 24.08.2021 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still correcting towards 0.7247. Later, the market may resume trading within the downtrend with the short-term target at 0.7070.

Forex Technical Analysis & Forecast 24.08.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

After breaking 67.00 and finishing the ascending wave at 69.30, Brent is consolidating around the latter level. Possibly, the asset may expand the range up to 69.59 and then correct to reach 67.10. Later, the market may start another growth with the target at 72.50.

Forex Technical Analysis & Forecast 24.08.2021 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 broken 1795.55 to the upside. Possibly, today the metal may continue growing with the short-term target at 1819.00. After that, the instrument may start a new correction to reach 1770.00.

Forex Technical Analysis & Forecast 24.08.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The S&P index continues growing towards 4494.4 and may later correct downwards to reach 4435.5. After that, the instrument may form one more ascending structure towards 4517.0 and then resume falling with the target at 4343.0.

Forex Technical Analysis & Forecast 24.08.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree