Article By RoboForex.com
Analysis for August 26th, 2016
EUR USD, “Euro vs US Dollar”
At the H4 chart, the EUR/USD pair is still moving between Super Trends. Considering that the price has rebounded from the 5/8 level, it may fall towards the 4/8 one and the daily Super Trend. If later the market breaks this levels, it continue moving downwards to reach the 3/8 one.
As we can see at the H1 chart, Super Trends are still influenced by “bearish cross”. If the pair is able to stay under the 2/8 level, it may start a new descending movement. The closest target is at the 0/8 level. After breaking it, the market may fall to reach the -2/8 one.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still consolidating. Earlier, the price rebounded from the 7/8 level twice and started the current decline. If later the market is able to stay under the 5/8 level, it will continue moving downwards to reach the 3/8 one.
At the H1 chart, the pair is trading close to the 2/8 level. If the price is able to stay under this level during the day, it will resume falling. Later, after breaking the 0/8 level, the market may reach the -2/8 one.
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RoboForex Analytical Department
Article By RoboForex.com
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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.
