Analysis for August 22nd, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken the
5/8 level along with the H4 Super Trends, which means that it may continue moving downwards. The closest target is at the
4/8 level, which is confirmed by the daily Super Trend. If the price breaks it, the market will continue falling towards the
3/8 level.
At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the
2/8 level. It’s highly likely that during the day the pair may test the
0/8 level. If the price rebounds from this level, the market may start a new correction.
AUD USD, “Australian Dollar vs US Dollar”
After rebounding from the
7/8 level three times, the AUD/USD pair resumed falling. Considering that the price has broken the daily Super Trend, it may continue moving downwards. The closest target for bears is at the
3/8 level.
At the H1 chart, the pair is moving at the top. Earlier, Super Trends formed “bearish cross”. Consequently, if the price breaks the
0/8 level, the first target will be at the
-2/8 one. In case this level is broken as well, the lines at the chart will be redrawn.
RoboForex Analytical Department