EUR USD Forecast Euro Dollar on 26 August, 2016
Currency, the euro dollar is trading at 1.1246, as we see the pair quotes, struck level of support pivot forex Double top model that assumes the continuation of the euro quotations fall to below 1.1160. Cancellation option will drop strong growth and a break above the resistance area of 1.1360, which will indicate an attempt to repeal the model and the growth of quotations in the area above the level of 1.14. An additional signal in favor and the fall is the beginning of the descending pattern Wolfe waves, indicating that the target falls below the 1.0950 area.
GBP USD Forecast Pound Sterling on 26 August, 2016
The currency pair Pound Dollar is trading at 1.3231, as we see, the pair quotes tight testing the upper limit of the downward channel, indicating a potential rebound and the fall of the pound against the dollar quotes. The purpose of the fall can be a region below the local minimum. Cancellation option will drop the pair quotes strong growth and the breakdown of 1.3260 area, which point to break through the upper boundary of the channel, and continued growth in the region above the level of 1.3350. GBP USD additional signal favor quotations fall is the formation of reversal pattern failure swing on the indicator of relative strength, which also involves the breakdown of the 1.2980 area closing prices.
NZD USD Forecast New Zealand dollar on 26 August, 2016
The currency pair New Zealand dollar against the US dollar is trading at 0.7305. To date, the price of a pair of the structure is a forex Wedge pattern, which implies a drop in prices pair NZD USD to below 0.71. Cancellation option will drop the pair quotes strong growth and a break above the 0.7360 area, which point to continued growth potential in the area above the level of 0.7450. An additional signal to the fall of quotations NZD USD Forex stands and test the descending trend line on the indicator RSI, which also points to the drop from the current levels.
