Daily technical analysis and forecast for 10 August 2026

Daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, US 500, and BTCUSD for 10 August 2026.

EURUSD forecast

On the EURUSD H4 chart, the market completed an upward wave towards 1.1579 and declined to 1.1550. Today, 10 August 2026, a consolidation range is forming above this level. An upward breakout from the range 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 1.1419, a local target.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the wave matrix, with its pivot point at 1.1680, a key level in the EURUSD downward wave structure. The market has formed a consolidation range below the upper boundary of the Price Envelope at 1.1579. A downward breakout from this range would signal a downward wave towards its central line at 1.1500. If this level is also broken to the downside, the price is expected to drop to 1.1419.

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

USDJPY forecast

On the USDJPY H4 chart, the market has broken above 157.88 and is developing a wave towards 159.00. Today, 10 August 2026, another corrective move towards 157.88 is possible. A consolidation range could then form above this level, potentially expanding upwards to 159.00 and then 160.80.

Technically, this USDJPY scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix, with its pivot point at 159.10, a key level in this wave. At present, the market is forming a consolidation range around the lower boundary of the Price Envelope at 157.88. An upward breakout is expected today, with growth potential developing towards its upper boundary at 159.00.

Technical indicators for today's USDJPY forecast suggest growth towards 159.00.

GBPUSD forecast

On the GBPUSD H4 chart, the market has completed a downward wave structure towards 1.3480. Today, 10 August 2026, a consolidation range is expected to form around this level. An upward breakout could lead to a corrective move towards 1.3550, followed by a decline towards 1.3400, with the trend potentially continuing towards a local target of 1.3300.

Technically, this GBPUSD scenario is confirmed by the indicated Elliott wave structure and the downward wave matrix, with its 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 1.3455. A consolidation range is then expected to develop above this level, with the price likely to edge lower towards 1.3300.

Technical indicators for today's GBPUSD forecast suggest a downward wave could begin, targeting 1.3300.

AUDUSD forecast

On the AUDUSD H4 chart, the market is developing a downward wave towards 0.7045. Today, 10 August 2026, a consolidation range is expected to form above this level. An upward breakout would open the potential for growth towards 0.7077, while a downward breakout would signal a downward wave towards 0.7000 and then 0.6966.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the AUDUSD downward wave matrix, with its pivot point at 0.7200, a key level in this wave. At present, the market is developing a downward wave towards the central line of the Price Envelope at 0.7045. A consolidation range is effectively forming above it. An upward move towards 0.7077 cannot be ruled out. The beginning of a downward wave towards its lower boundary at 0.6966 is then expected.

Technical indicators for today's AUDUSD forecast suggest the beginning of a downward wave towards 0.6966.

USDCAD forecast

On the USDCAD H4 chart, the market has completed a downward wave towards 1.3925 and an upward impulse towards 1.3955. Today, 10 August 2026, a consolidation range is expected to develop around this level. A downward breakout would open the way towards 1.3920, while an upward breakout would signal continued upward movement towards 1.4022, with the price possibly moving higher towards 1.4160.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix, with its pivot point at 1.3629, a key level in this upward wave for USDCAD. At present, the market is 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 4,400. Today, 10 August 2026, a consolidation range is expected to develop below this level. A correction towards 4,311 will then be considered, followed by growth towards 4,500, a local target.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the downward wave matrix, with its pivot point at 4,260, a key level in this wave for XAUUSD. The market is currently developing an upward wave towards the upper boundary of the Price Envelope at 4,400. A consolidation range is then expected to form below it. A downward breakout could trigger a correction towards its central line at 4,311, followed by growth towards its upper boundary at 4,500.

Technical indicators for today's XAUUSD forecast suggest a correction towards 4,311 and the beginning of an upward wave towards 4,500.

US 500 forecast

On the US 500 H4 chart, the market has completed an upward wave structure towards 7,755. Today, 10 August 2026, a consolidation range is expected to develop around this level. A downward breakout from the range would signal a decline towards 7,606, while an upward breakout would indicate growth towards 7,815, followed by a decline to 7,755.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix, with its pivot point at 7,600, a key level in this wave for the US 500. The market is currently forming an upward wave towards the upper boundary of the Price Envelope at 7,815. A subsequent downward move towards its central line at 7,600 is expected.

Technical indicators for today's US 500 forecast suggest growth towards 7,815.

BTCUSD forecast

On the BTCUSD H4 chart, the market is forming a consolidation range around 64,422. Today, 10 August 2026, an upward breakout may result in an upward wave towards 65,500. After reaching this level, the price is expected to decline towards 63,770.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix, with its pivot point at 63,000, a key level in this wave for BTCUSD. At present, the market is forming a consolidation range around the central line of the Price Envelope at 63,770. An upward breakout and growth towards its upper boundary at 65,500 are expected. A subsequent decline towards its central line at 63,770 is likely.

Technical indicators for today's BTCUSD forecast suggest continued growth towards 65,500 and the beginning of a decline to 63,770.

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