Analysis for August 25th, 2016
EUR USD, “Euro vs US Dollar”
At the H4 chart, the EUR/USD pair is moving between Super Trends. If later the price breaks the
4/8 level, the market will continue moving downwards to reach the
3/8 one.
As we can see at the H1 chart, the pair has rebounded from the
8/8 level and Super Trends have formed “bearish cross”. To continue pushing the price to the downside, bears have to break the daily Super Trend and the
4/8 level. If they succeed, the market will start a new descending movement.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is “stuck” between Super Trends. If the price is able to stay under the
5/8 level, the market will continue moving downwards. In this case, the closest target for bears is at the
3/8 level.
At the H1 chart, the pair is trying to rebound from the
2/8 level. If the price is able to stay under this level, it will continue falling. Later, the market may reach the
-2/8 level. In case this level is broken, the lines at the chart will be redrawn.
RoboForex Analytical Department