*Daily Forex market overviews by MasterForex.com* - page 14
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Trend analysis of the USDCHF for 12/10/23
USDCHF
On the 4-hour chart:
The pair overcame the high border of a bearish channel between the lines 1 and 2. Moreover, it had been broken the resistance line of the channel between the lines 3 and 4. The support line 5 had been formed as well. The Moving Averages show side way direction of the dynamics.
On the 1-hour chart:
The channel between the lines 3 and 4 is remaining. The pair rebounded from the support level 0.9258 and continued to increase. The resistance at the level 0.9285 had been reached today. The Moving Averages show a bullish trend.
On the 15-minute chart:
The pair is placing above the level 0.9285 at the moment. Traders will start the purchases in the case of the break through the level. If the pair could recoil downwards, it will be expect the consolidation between the line 1 and the level 0.9285.
By MasterForex Company
Trend analysis of the USDCAD for 12/10/24
USDCAD
On the 4-hour chart:
The growing after the recoil from the support line 1 pair failed with holding above the resistance area 0.9941/53. The followed falling was restricted by the line 1. The moving averages started the turnover, showing the possible ending of the trend.
On the 1-hour chart:
The pair was consolidating near the support line 1 and the level 0.9920. The last day dynamics could be characterized as flat, which is confirmed by the horizontal direction of the moving averages. The nearest support level lies at 0.9872.
On the 15-minute chart:
During the Asian session, the pair consolidated between the level 0.9920 and the support line 1, which were mentioned earlier. In case of piercing the support, the pair will face the level 0.9898. If the resistance will be pierced, the pair meets the resistance area 0.9941/53.
By MasterForex Company
Trend analysis of the AUDUSD for 12/10/24
AUDUSD
On the 4-hour chart:
The pair failed with holding below the level 1.0271, gained about 50 pips and almost reached the resistance level 1.0321. The resistance line 1 has been pierced and the price formed the support line 2. The moving averages are showing the consolidation.
On the 1-hour chart:
After the recoil from the support line 1, the pair demonstrated the intensive growth, pierced the levels 1.0271, 1.0287 and 1.0300. The later was confirmed as a support and the pair turned to flat. The moving averages are confirming flat.
On the 15-minute chart:
In the second half of the Asian session, the pair was fluctuating between the support 1.0300 and the resistance 1.0314. The piercing of resistance will open the way to 1.0321, while the next support lies at 1.0287.
By MasterForex Company
Trend analysis of the USDJPY for 12/10/24
USDJPY
On the 4-hour chart:
The pair confirmed the level 79.75 as a support and finally turned to flat within the correction of ascending trend. In case of confirmation of the support line 1, the pair will approve the ascending trend channel between the lines 1 and 2. The moving averages are showing the bullish trend.
On the 1-hour chart:
The pair is consolidating between the support line 1 and resistance line 2. The volatility of pair is declining gradually since the beginning of the correction dynamics. The moving averages changed the direction to horizontal, confirming the stabile flat.
On the 15-minute chart:
In the Asian session, the pair turned to flat between the support area 79.79/5 and resistance level 79.85. Now, the price is testing the top border of the mentioned corridor. In case of piercing, traders will start to buy. Otherwise, the continuation of flat is possible.
By MasterForex Company
Trend analysis of the USDCHF for 12/10/24
USDCHF
On the 4-hour chart:
The pair left the bearish channel between the lines 1 and 2. Bullish channel between the lines 3 and 4 had been formed during the growth. The Moving Averages show the reverse upwards.
On the 1-hour chart:
The pair rebounded from the level 0.9340 at the second part of Tuesday. It had been recoil to the support level 0.9315at the first part of Wednesday. After that bullish dynamics continued and the price increased above the resistance level. The testing of the resistance line is starting now. The Moving Averages show bullish trend.
On the 15-minute chart:
The testing of the resistance line 2 and the line 0.9360 could start at the moment. If the line could be broken, bullish dynamics will accelerate. Otherwise, the pair will recoil downwards to the support line 1.
By MasterForex Company
Trend analysis of the GBPUSD for 12/10/24
GBPUSD
On the 4-hour chart:
The pair moves between the lines 1 and 2. The break through the level 1.6005 was a signal for opening of short positions and a confirmation of the continuation of the trend. As well, the dynamics in the channel between the lines 3 and 4 is continuing. The Moving Averages show a bearish trend.
On the 1-hour chart:
The price broke the level 1.6005 and dropped to the support level 1.5930 in the middle of Tuesday. The price recoiled to the resistance level 1.5955 to the beginning of Wednesday. After that it had been recoil to the resistance line 2. The Moving Averages confirm the slowdown of the bearish trend.
On the 15-minute chart:
The pair reached the resistance line of the bearish channel 2 and the level 1.5990. After that the trend continued. The price decreases now. If the level 1.5930 could be broken, traders will gain the final signal for continuation of the trend. If the pair could rebound from the level, the consolidation between the resistance line and the support level will start.
By MasterForex Company
Trend analysis of the EURUSD for 12/10/24
EURUSD
On the 4-hour chart:
The pair had left bullish channel between the lines 1 and 2 with the break through the support line. Moreover it had been formed a bearish channel between the lines 3 and 4. The Moving Averages show the reverse downwards.
On the 1-hour chart:
The pair rebounded from the support level 1.2965 in the middle of Tuesday. The recoil finished near the support level 1.2990 to the end of Wednesday. After that it had been a rebound downwards and the line 2 had been formed. The break through the support level 1.2945 had been strong confirmation of the bearish trend. The Moving Averages show downward tendency.
On the 15-minute chart:
The decrease is remaining at the moment after the rebound from the cross of the level 1.2990 and the line 2. Traders opened short positions with the target on the support line 1 after the break through the level 1.2945.
By MasterForex Company
Trend analysis of the USDCAD for 12/10/25
USDCAD
On the 4-hour chart:
The pair continues the horizontal movement between the support line 1 and the resistance area 0.9941/53. The moving averages confirm the flat tendency. In case of piercing of the resistance, the pair will open the way to the level 0.9981.
On the 1-hour chart:
After the recoil from the support line 1, the pair returned into the corridor between the level 0.9920 and area 0.9941/53. The flat dynamics lasts for the whole week. The moving averages are showing the horizontal tendency.
On the 15-minute chart:
During the Asian session, the pair was demonstrating predominantly bearish dynamics. The price got close to the level 0.9920. Traders will start to buy after recoil from the mentioned support.
By MasterForex Company
Trend analysis of the USDJPY for 12/10/25
USDJPY
On the 4-hour chart:
The pair grew above the support line 1, recoiled from the level 79.75. The followed growth caused the piercing of the resistance level 80.10. The price is getting close to the resistance line 2. The moving averages are showing the intensive bullish trend.
On the 1-hour chart:
The consolidation between the support level 79.75 and the resistance line finished by piercing of the later. The growth after the recoil from support helped the price to record 4-month high at 80.18. The moving averages turned upwards.
On the 15-minute chart:
During the Asian session, the pair formed the ascending channel between the lines 1 and 2. Now the price is trying to gain a foothold above the level 80.10. Traders will continue to buy after the end of the ascending trend correction.
By MasterForex Company
Trend analysis of the USDCHF for 12/10/25
USDCHF
On the 4-hour chart:
Present dynamics shows the expansion of the bearish channel and the displacement of the trend line upwards from the line 2 to the line 3. In turn, the displacement of the trend line signalizes the slowdown of the decrease. The trend continues at the moment. The Moving Averages prepare to give a bearish signal.
On the 1-hour chart:
The price continued the trend dynamics and formed the resistance line 5 after the recoil from the level 0.9532. The support line of the correction had been broken during the dynamics. That was a signal for continuation of the trend. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The pair broken the support line 2 and continued to decrease to the moment. The foothold of the price below the level 0.9315 had been a signal for continuation of the trend. If the level 0.9295 could be broken the decrease will remain and traders will start to open short positions. If the line 1 could be broken it will be reached the signal for the formation of the flat.
By MasterForex Company