Daily technical analysis and forecast for 11 August 2026

Daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, US 500, and BTCUSD for 11 August 2026.

EURUSD forecast

On the EURUSD H4 chart, the market completed an upward wave towards 1.15797, followed by a decline to 1.1538. Today, 11 August 2026, a consolidation range is forming above this level. An upward breakout would open the potential for growth towards 1.1600. Alternatively, a downward breakout would signal a continuation of the downward wave towards 1.1500 and possibly further to 1.1415, a local target.

Technically, this scenario is supported by the indicated Elliott wave structure and the wave matrix with a pivot point at 1.1680, a key level in the EURUSD downward wave structure. The market has currently formed a consolidation range below the upper boundary of the Price Envelope at 1.1579. A downward breakout from this range is expected to trigger a decline towards its central line at 1.1500. If this level is also broken downwards, the pair is expected to edge lower towards 1.1415.

Technical indicators for today’s EURUSD forecast suggest a decline towards 1.1500.

USDJPY forecast

On the USDJPY H4 chart, the market broke above 158.88. Today, 11 August 2026, a consolidation range is likely to form around this level. A downward breakout could trigger a corrective decline to 158.55, while an upward breakout would open the door for continued movement towards 161.10, a local target.

Technically, this USDJPY scenario is supported by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 159.10, a key level in this wave. The market is currently forming a consolidation range around the central line of the Price Envelope at 158.88. Today, an upward breakout is expected, with upside potential developing towards its upper boundary at 161.10.

Technical indicators for today’s USDJPY forecast suggest growth towards 161.10.

GBPUSD forecast

On the GBPUSD H4 chart, the market completed a downward wave structure towards 1.3496. Today, 11 August 2026, a consolidation range is expected to form around this level. An upward breakout could result in a corrective rise towards 1.3550, followed by a decline to 1.3440, with the trend potentially continuing towards a local target of 1.3300.

Technically, this GBPUSD scenario is supported by the indicated Elliott wave structure and the downward wave matrix with a pivot point at 1.3300, a key level in this wave. Today, a downward wave is forming towards the central line of the Price Envelope at 1.3477. Subsequently, a consolidation range is expected to develop above this level, with a downward structure towards 1.3440 likely to follow.

Technical indicators for today’s GBPUSD forecast suggest a downward wave could begin, aiming for 1.3440.

AUDUSD forecast

On the AUDUSD H4 chart, the market is developing a downward wave towards 0.7050. Today, 11 August 2026, a consolidation range is expected to form above this level. An upward breakout would open the door for growth towards 0.7077, while a downward breakout would signal a decline to 0.7000 and then to 0.6966.

Technically, this scenario is supported by the indicated Elliott wave structure and the downward wave matrix for AUDUSD with a pivot point at 0.7200, a key level in this wave. The market is currently developing a downward wave towards the central line of the Price Envelope at 0.7050, effectively forming a consolidation range above it. An upward move towards 0.7077 is possible, followed by a downward wave towards its lower boundary at 0.6966.

Technical indicators for today’s AUDUSD forecast suggest a downward wave towards 0.6966.

USDCAD forecast

On the USDCAD H4 chart, the market completed a decline to 1.3925 and an upward impulse towards 1.3955. Today, 11 August 2026, a consolidation range is expected to develop around this level. A downward breakout would open the potential for a wave towards 1.3920, while an upward breakout would signal a continued upward movement towards 1.4022 and possibly further to 1.4160.

Technically, this scenario is supported by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 1.3629, a key level for USDCAD in this wave. The market is currently forming a consolidation range above the lower boundary of the Price Envelope at 1.3925. The upward wave could then continue towards its upper boundary at 1.4077.

Technical indicators for today’s USDCAD forecast suggest a rise towards 1.4077.

XAUUSD forecast

On the XAUUSD H4 chart, the market is developing an upward wave towards 4,460. Today, 11 August 2026, a consolidation range is expected to develop below this level. Subsequently, a correction towards 4,341 is likely, followed by growth towards a local target of 4,565.

Technically, this scenario is supported by the indicated Elliott wave structure and the downward wave matrix with a pivot point at 4,260, a key level for XAUUSD in this downward wave. The market is currently developing an upward wave towards the upper boundary of the Price Envelope at 4,460. A consolidation range is then expected to form below it. A downward breakout could open the way for a correction to its central line at 4,341, followed by growth towards its upper boundary at 4,565.

Technical indicators for today’s XAUUSD forecast indicate the likelihood of an upward wave towards 4,460.

US 500 forecast

On the US 500 H4 chart, the market completed an upward wave structure towards 7,770. Today, 11 August 2026, a consolidation range is likely to develop around this level. A downward breakout from the range would signal a decline to 7,700, while an upward breakout would indicate growth towards 7,823, followed by a decline to 7,770.

Technically, this scenario is supported by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 7,600, a key level for the US 500 in this wave. The market is currently forming an upward wave towards the upper boundary of the Price Envelope at 7,823. A decline towards its central line at 7,700 is expected next.

Technical indicators for today’s US 500 forecast suggest a rise towards 7,823.

BTCUSD forecast

On the BTCUSD H4 chart, the market formed a consolidation range around 64,590. Today, 11 August 2026, breaking below the range, the price dipped to 63,796. Quotes are expected to move higher towards 64,590, testing it from below, before declining to 63,666.

Technically, this scenario is supported by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 63,000, a key level for BTCUSD in this wave. The market is currently forming a consolidation range around the central line of the Price Envelope at 64,590. A downward breakout towards its lower boundary at 63,666 is expected.

Technical indicators for today’s BTCUSD forecast suggest an upward move towards 64,590, followed by a decline to 63,666.

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