Analysis for August 26th, 2016
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.
EUR USD, “Euro vs US Dollar”
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
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.