*Daily Forex market overviews by MasterForex.com* - page 19
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Trend analysis of the USDJPY for 12/11/05
USDJPY
On the 4-hour chart:
The pair finished the testing of resistance level 80.45 started at the end of previous week with recoil. The price herewith left the ascending trend channel between the lines 1 and 2. The moving averages are still showing the ascending trend.
On the 1-hour chart:
At the second part of Friday, the pair recorded a new high at 80.66 and started to decline gradually. The price pierced the level 80.45 after the long testing. The moving averages started the turnover suggesting a deep correction or the end of ascending trend.
On the 15-minute chart:
During the first half of Asian session, the pair was fluctuating between the level 80.45 and the resistance line 1. Then the sharply falling followed. The nearest support lies at 80.29. Traders can take a profit on the short positions with start of testing of level 80.37 as a resistance.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/05
USDCHF
On the 4-hour chart:
The pair continues a bullish dynamics in the channel between the lines 1 and 2. The resistance level 0.9370 and the line 4 had been broken earlier. The growth develops along the support line 3. The Moving Averages show a bullish trend.
On the 1-hour chart:
The pair increased tot eh level 0.9415 to the end of the previous week. The Monday had started with the flat dynamics between the level 0.9400 and 0.9415. The break through the resistance level had been after the price faced the cross of the lines 3 and 4. The growth continued after that. The Moving Averages confirms a bullish tendency.
On the 15-minute chart:
There has been a rebound from the level 0.9445 at the moment. The decrease to the level 0.9430 will be expected if the recoil will remain. If the support level and the lines 1 and 2 could be broken traders will gain the signal for the downward tendency. The recoil to the support line 1 on the 4-hour chart in the case. If the pair could break through the resistance level 0.9445 and through the line 3 it will be reached the signal for the strengthening of the bullish trend.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/05
AUDUSD
On the 4-hour chart:
At the end of the week, pair started the deep correction after fail with reaching the support level 1.0321. Now the price is testing the resistance level 1.0366. The moving averages are showing the horizontal tendency.
On the 1-hour chart:
The pair changed the ascending channel between the lines 1 and 2 to descending between the resistance line 3 and the support line 4. Now the pair is finishing the period of technical correction. The moving averages are confirming the correction.
On the 15-minute chart:
The pair is recoiling from the resistance line 1, backed by the level 1.0366. Aggressive spectaculars have already resumed to trade aside trend, while conservative traders will open the short positions after the holding of the price below the level 1.0354.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/05
GBPUSD
On the 4-hour chart:
The pair continued downward tendency during a bearish trend between the lines 1 and 2. Bearish dynamics moves along the resistance line 4. The Moving Averages gave bearish signal.
On the 1-hour chart:
The pair broke the support level 1.6085 in the middle of Friday and dropped to the level 1.6015 to the end of the day. The recoil to the level 1.6035 had been on Monday and after that the price broken the support. The Moving Averages confirm bearish trend.
On the 15-minute chart:
The pair decreased below the level 1.6015. If the price could foothold below the level traders will gain the signal for sales. If the pair could recoil upwards and the resistance line 1 could be broken, the pair will recoil to the resistance line of the channel 2 on the 4-hour chart.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/05
EURUSD
On the 4-hour chart:
The price broke the key-level 1.2890 successfully and dropped to the support 1.2815 with the breakthrough the line2 after the rebound from the resistance line 3. The Moving Averages show downward trend.
On the 1-hour chart:
The price decreased tot eh support 1.2815 after the break through the level 1.2890 and the correction in the corridor between the support and the resistance level 1.2835 started. The price decreased below the level 1.2815. The Moving Averages show the continuation of the decrease.
On the 15-minute chart:
The price tests the support line 4. If the line could be broken, bearish trend will continue. The breakthrough will be strong signal for sales. If the price could rebound upwards, traders will gain the signal for large flat between the levels 1.2815 and 1.3130.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/06
USDCHF
On the 4-hour chart:
The price reached the resistance line 2 in the cross with the level 0.9445. The support line 3 had been broken after the recoil. The Moving Averages show a bullish trend.
On the 1-hour chart:
The price dropped below the support line 3 to the end of Monday and the flat between the levels 0.9430 and 0.9445 started. The price places near the high border of the channel. The Moving Averages show a bullish tendency.
On the 15-minute chart:
The price is testing the level 0.9445 now. If the resistance could be broken, the pair will increase to the resistance line 3. The break through the line will be a signal for the strengthening of the bullish trend. Nevertheless it forecasts a correction during the trend between the lines 1 and 2 on the 4-hour chart after the line 3 will be reached.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/06
GBPUSD
On the 4-hour chart:
The price faced with the support at the level 1.5965 and recoiled upwards. After that the support line of the correction 4 had been formed. The Moving Averages show a bearish trend.
On the 1-hour chart:
The price had rebounded from the level 1.5965 in the second part of Monday and broke the resistance line 1. The support line 2 had been formed as well. The Moving Averages confirm the correction.
On the 15-minute chart:
The price places between the support lines 1 and 2 and the level 1.5990. If the pair could break through the level the correction will continue. The growth to the level 1.6015 will be expected in the case. If the level could not be broken, the price will drop below the line 2. In the case it will be expected the continuation of the decrease along the line 1.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/06
EURUSD
On the 4-hour chart:
The price had broken the support level 1.2815 and dropped below the line 4 during downward dynamics. The break through the level had been a signal for the continuation of a bearish trend. The Moving Averages confirms the decrease.
On the 1-hour chart:
The price reached a support level 1.2779 in the middle of Monday. The decrease continued after the correction to the line 3 and the price decreased below the support level. The Moving Averages show the slowdown of the downward dynamics.
On the 15-minute chart:
The price faced the support level and recoiled upwards during the lowering. After that it had been formed the support line of the correction 4. The Moving Averages show a bearish trend.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/06
USDCAD
On the 4-hour chart:
The pair continues the growth, which started on Monday, until found a resistance line 1. The forming of descending channel between the lines 1 and 2 could be mentioned. The moving averages are showing the horizontal tendency.
On the 1-hour chart:
Since the beginning of the week, the pair was consolidating between the key support level 0.9941 and the resistance line 1. The pair pierced the support level 0.9953 and now tries to hold below. The moving averages continue to show the flat.
On the 15-minute chart:
During the second half of the Asian session, the pair was demonstrating the mixed dynamics. The pairs volatility herewith grew significantly. Spectaculars will continue the trading after forming of the clearer tendency.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/06
AUDUSD
On the 4-hour chart:
After the long testing, the pair pierced the resistance level 1.0366 and grew by more than 50 pips. Growth was restricted by resistance line 1, which is under testing now. The moving averages turned upwards.
On the 1-hour chart:
The pair left the formed yesterday channel of ascending trend between the lines 1 and 2 by piercing the resistance. Now the price is testing the resistance line 3. The moving averages provided the strong bullish signal.
On the 15-minute chart:
After the sharply growth in the middle of the Asian session, the pair was consolidating between the resistance line 1 and level 1.0418. Spectaculars will continue the trading after forming of clear tendency.
By MasterForex Company