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.
RoboForex Analytical Department