Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
In the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading below, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue falling to reach the support at 2/8. Still, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 6/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
GBPUSD, “Great Britain Pound vs US Dollar”
On the H4 chart, after breaking the 200-day Moving Average, GBPUSD is also trading below it to indicate a possible descending tendency. In this case, the price is expected to break 3/8 and continue falling to reach the support at 2/8. However, this scenario may no longer be valid if the price breaks the resistance at 4/8 to the upside. After that, the instrument may reverse and grow towards 5/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue its decline to reach 2/8 from the H4 chart.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- GBP/USD Starts the Week on a Strong Footing Aug 10, 2026
- The US stock indices finished the session with solid gains following the release of weak labor‑market data Aug 10, 2026
- COT Metals Charts: Speculator Bets led by Gold, Copper & Platinum Aug 9, 2026
- COT Bonds Charts: Speculator Bets led by 2-Year Bonds & US Treasury Bonds Aug 9, 2026
- COT Energy Charts: Speculator Bets led by Heating Oil & Bloomberg Index Aug 9, 2026
- COT Soft Commodities Charts: Speculator Bets led by Sugar & Cotton Aug 9, 2026
- The Central Bank of Mexico kept its interest rate unchanged. Iran plans to introduce strict bans for US and Israeli vessels in the Strait of Hormuz Aug 7, 2026
- USD/JPY Holds Firm: Yen Loses Some Support Aug 7, 2026
- Australian trade balance returned to positive territory Aug 6, 2026
- Results in Line for Most Reporting Companies Aug 5, 2026
