*Daily Forex market overviews by MasterForex.com* - page 24
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Trend analysis of the AUDUSD for 12/11/15
AUDUSD
On the 4-hour chart:
The pair reached the resistance level 1 and started the sharply decline. The price pierced the support area 1.0401/390, level 1.0366 and the line 2. The nearest support lies at 1.0348. The moving averages are ready to provide a bearish signal.
On the 1-hour chart:
After piercing the support line of ascending channel 1, the pair started to fall. The price lost in total about 100 pips. Broke through the level 1.0390 and line 2, the pair slowed the falling down. Now the support area 1.0354/48 is under testing. The moving averages provided the bearish signal.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics. After the end of descending trend correction phase, the falling continued. The price resumes testing of the support area 1.0354/48. In case of success, traders will continue to bear the market.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/15
GBPUSD
On the 4-hour chart:
Downward tendency between the lines 1 and 2 is remaining at the moment. The pair decreased to the low border of the channel. The Moving Averages confirm bearish trend.
On the 1-hour chart:
The pair places near the low border of the trend channel 1. Moreover the price moves in the channel between the lines 2 and 3. The support line 4 had been broken in the middle of Wednesday and that was a signal for the continuation of the trend. The level 1.5860 had been broken later. The Moving Averages confirms bearish trend.
On the 15-minute chart:
The price is clamped between the lines 1 and 2. The break through the resistance will be a signal for the correction. The foothold of the pair above the level 1.5860 will be a confirmation for the correction. If the price could break the support line players will gain the signal for the strengthening of the bearish trend.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/15
EURUSD
On the 4-hour chart:
Bearish trend in the channel between thelines1 and 2 is remaining. The trend is on the stage of the correction at the moment. Active recoil had been replaced by the flat dynamics between the levels 1.2725 and 1.2750. The Moving Averages show the remaining of the tendency.
On the 1-hour chart:
The pair broke the resistance line 2 and the support line 3. After that a flat between the levels 1.2725 and 1.2750 had started. Flat dynamics is remaining till present moment. The Moving Averages gave a bullish signal and they confirm the flat now.
On the 15-minute chart:
The flat is remaining at the moment. If the resistance level 1.2750 could be broken the correction will continue. In the case of the break through the support level 1.2725 players will gain the second signal for the continuation of the trend.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/15
USDJPY
On the 4-hour chart:
The growing pair recorded the 6-month high at 80.94. At the last day, the pair reached about 150 pips. The key resistance area 80.29/42 has been pierced. The moving averages provided a confident bullish signal.
On the 1-hour chart:
The yesterday growth was slowed down by the resistance area 80.11/29, which has been pierced after the long testing. Now the pair is testing the resistance level 80.85. The moving averages are showing the intensive ascending trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the intensive bullish dynamics. The price met the resistance at the level 80.85. In case of holding of pair above the level, traders will continue to buy. Otherwise, the turn to flat is possible.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/16
USDCAD
On the 4-hour chart:
The pair failed with holding above the level 1.0021. The price lowered until the level 1.0003, which is under testing at the moment. The next support lies at 0.9986. The moving averages are showing the end of ascending tendency.
On the 1-hour chart:
The pair is lowering within the intraday descending channel between the resistance line 1 and support line 2. The price pierced the level 1.0003 and declined to the line 2. The moving averages provided a weak bearish signal.
On the 15-minute chart:
The pair is testing the support line 2. In case of piercing, spectaculars will bear the market. Otherwise, the price will start the correction with aim at the line 1.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/16
USDJPY
On the 4-hour chart:
The pair renewed a 6-month high by value of 81.45 and started the correction of ascending trend. The price has already lost about 40 pips. The moving averages continue to show the intensive upward trend by inertia.
On the 1-hour chart:
After recoil from the resistance level 81.38, the pair corrected until the support level 81.02 backed by the line 1. Both supports are under testing now. The moving averages are showing the upward trend correction.
On the 15-minute chart:
During the Asian session, the pair continues the correction within the intraday channel between the support line 1 and resistance line 2. In case of recoil from the line 3, traders will continue to buy. Otherwise, it will be possible to talk about the end of descending trend.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/16
USDCHF
On the 4-hour chart:
The pair remains to move in a bullish channel between the lines 1 and 2. The pair reached the support level 0.9420 during the correction and rebounded upwards. After that the price broken the resistance line of the correction 3 and continued the growth. The Moving Averages show the continuation of the increase.
On the 1-hour chart:
The pair decreased to the support level 0.9410 after that it had been formed the support line 4. After that the price broken the resistance line 3 and that was a first signal for the continuation of the upward tendency. The Moving Averages show the formation of the reverse upwards.
On the 15-minute chart:
The pair is increasing in the channel between the lines 1 and 2 at the moment. Players will start the purchases in the case of the continuation of the dynamics in the upward channel and if it could be reached additional signals from the Moving Averages.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/16
AUDUSD
On the 4-hour chart:
The pair continued yesterday lowering by piercing the support level 1.0348. The falling was restricted by the support area 1.0321/08, which is under testing now. The moving averages have provided the bearish signal.
On the 1-hour chart:
The pair was lowering along the support line 1. First testing of support level 1.0308 finished by 30-pip recoil. The last day dynamics could be characterized as a flat between the mentioned support and line 2. The moving averages are showing the correction of descending trend.
On the 15-minute chart:
The pair is fluctuating in flat between the support level 1.0308 and resistance level 1.0339. In case of piercing of support, traders will continue to buy. Piercing of resistance will be a signal of the descending trend ending.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/16
GBPUSD
On the 4-hour chart:
The price decreased below the support line of the bearish channel 1 during the downward tendency. After that it had been a rebound from the support level 1.5830 and the pair arrived into the trend channel. Moreover, it had been formed the support line 3. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The price decreased below the trend line 1 during the decrease in the channel between the lines 2 and 3. However, the price recoiled above the line 1 and broken the resistance line of the channel 4 after the rebound from the level 1.5830. After that the support line 4 had been formed and the tendency had been replaced by the growth. The Moving Averages show the formation of the reverse upwards.
On the 15-minute chart:
The price is moving in the channel between the lines 3 and 4 at the moment. If the dynamics in the channel could continue the correction during the bearish trend will deepen. The break through the support line 4 will be the first signal for the continuation of the downward tendency.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/16
EURUSD
On the 4-hour chart:
A bearish trend between the lines 1 and 2 is remaining. The pair corrected to the level 1.2777 and after that the decrease continued. As a result the support line of the correction had been broken. The Moving Averages show deep correction during a downward tendency.
On the 1-hour chart:
The pair broken the level 1.2750 during the correction and it had been reached the local high level 1.2790. After that it had been a rebound and the price decreased below the level 1.2777. The resistance line 5 had been formed as well. Moreover the support line of the correction channel had been broken. The Moving Averages show the formation of the reverse downwards.
On the 15-minute chart:
If the price could foothold below the line 1 and the dynamics below the resistance line 3 could continue, players will start the sales from the level 1.2750. If the resistance line 3 could be broken, the correction will continue.
By MasterForex Company