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Forex Technical Analysis & Forecast 09.08.2022

EURUSD, “Euro vs US Dollar”

Having completed the correctional structure at 1.0220, EURUSD is falling to break 1.0122 and may later continue trading downwards with the target at 1.0080.

Forex Technical Analysis & Forecast 09.08.2022 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 has finished the correctional structure at 1.2136; right now, it is forming a new descending wave to break 1.2050 and may later continue falling with the target at 1.1970.

Forex Technical Analysis & Forecast 09.08.2022 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is correcting down to 134.22. After that, the instrument may start a new growth with the target at 135.75 and then resume trading downwards to reach 132.55.

Forex Technical Analysis & Forecast 09.08.2022 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 continues falling towards 0.9506. After that, the instrument may form one more ascending structure to break 0.9620 and then continue growing with the short-term target at 0.9733.

Forex Technical Analysis & Forecast 09.08.2022 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 has finished the correctional wave at 0.7007. Possibly, today the pair may resume falling with the target at 0.6899, or even extend this structure down to 0.6794.

Forex Technical Analysis & Forecast 09.08.2022 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is still consolidating around 96.90. Today, the asset may grow to test 98.88 from below and then start a new decline with the target at 93.00, or even extend this structure down to 92.50.

Forex Technical Analysis & Forecast 09.08.2022 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1774.00. Possibly, today the metal may correct down to 1752.00. After that, the instrument may resume trading upwards with the target at 1790.00, or even extend this structure up to 1822.40.

Forex Technical Analysis & Forecast 09.08.2022 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 consolidating above 4110.0. Possibly, the asset may expand the range up to 4211.0. Later, the market may resume trading downwards to break 4070.0 and then continue falling with the first target at 3923.4.

Forex Technical Analysis & Forecast 09.08.2022 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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