*Daily Forex market overviews by MasterForex.com* - page 29
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Trend analysis of the GBPUSD for 12/11/27
GBPUSD
On the 4-hour chart:
The price places in the channel between the lines 1 and 2. The pair rebounded from the level 1.6050 and dropped to the support 1.6010 in the cross with the line 3. After that the pair increased to the high border of the channel. The Moving Averages show a bullish trend.
On the 1-hour chart:
The pair rebounded from the level 1.6010 to the end of Friday. The price increased to the line 2 on Tuesday and it had been a rebound downwards. The consolidation between the lines 1 and 2 had started. The Moving Averages show the remaining of the growth.
On the 15-minute chart:
The price is testing the support line 2 at the moment after the rebound from the resistance line 3. The break through the line will be the first signal for sales. The foothold of the pair below the level 1.6010 will be the confirmation for the reverse downwards. If the price could break the line 3 players will gain the first signal for the continuation of the growth.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/27
EURUSD
On the 4-hour chart:
A bullish trend is remaining. The price corrected from the level 1.2985 to the support level 1.2950 during the growth. After that the resistance level had been broken and the trend continued. The Moving Averages show the continuation of the trend.
On the 1-hour chart:
The dynamics in the upward channel between the lines 1 and 2 continues. The break through the resistance level 1.2985 had been a signal for the continuation of the trend. The Moving Averages confirm a bullish trend.
On the 15-minute chart:
The break through the resistance level 1.3000 will be a signal for the purchases. If the pair could break the support level 1.2985 and the line 1 will start the reverse of the tendency downwards.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/28
USDCAD
On the 4-hour chart:
The pair continues to move within the middle-term descending trend channel between the lines 1 and 2. The price recorded another three-week low at 0.9904, and finished the correction by touching the resistance line 1. The moving averages confirmed the correction of bearish trend.
On the 1-hour chart:
The pair touched the resistance line 1 and now preparing to start its testing. The nearest support lies at 0.9920. The moving averages provided a weak bullish signal.
On the 15-minute chart:
The pair was consolidating near the resistance level 0.9946 during the Asian session. Recoil from the resistance line 1 will show traders the resumption of descending trend. Piercing of the line will be a first bullish signal.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/28
USDJPY
On the 4-hour chart:
The pair recoiled from top border of descending trend channel 1 and lowered to the support line 2. The support line 3 has been pierced. The moving averages are showing the forming of the confident descending trend.
On the 1-hour chart:
After the recoil from the resistance line 1, the pair decreased to the support line 2 and started the testing of the area 81.87/76. The moving averages provided the bearish signal, showing the descending tendency resumption.
On the 15-minute chart:
The pair is testing the support line 1. In case of recoil, traders will wait for growth until the line 2. Otherwise, spectaculars will bear the market.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/28
USDCHF
On the 4-hour chart:
The price tested the support level 0.9275 twice and rebounded upwards with the break through the level 0.9295 in the cross with the line 3. The price reached the resistance level 0.9315 after the breakthrough. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The pair reached the resistance level 0.9315 at the second part of Tuesday however the level had not been broken. The price tested the level for the second time and reversed downward with the break through the line 1 on Wednesday. The Moving Averages gave a bullish signal.
On the 15-minute chart:
The price is testing a support line 1 at the moment. The break through the line will be a signal for the formation of the flat tendency. If the pair could foothold above the level 0.9315 will be a signal for the purchases.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/28
AUDUSD
On the 4-hour chart:
The consolidation between the support line 1 and resistance line 2 finished by piercing of support, which caused the fall to the level 1.0438. The moving averages are showing the turnover of the bullish trend.
On the 1-hour chart:
The pair continues to form the pattern “head and shoulders”. In case of reaching the level 1.0468 and the following piercing the level 1.0438, traders will start the intensive sales.
On the 15-minute chart:
During the Asian session, the pair mentioned the recoil from the support area 1.0438/47. Traders will hold the long positions with aim at 1.0468.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/28
GBPUSD
On the 4-hour chart:
The line 3 and the level 1.6010 had been broken after two attempts to break through the level 1.6050 and the pair dropped to the support line 4. The Moving Averages show the slowdown of the growth.
On the 1-hour chart:
The pair rebounded from the resistance line 2 and broken the line 1 in the second part of Tuesday. The price dropped to the level 1.6010 to the end of the day. The support level had been broken with the formation of the resistance line 4 on Wednesday. The price dropped to the line 3 later. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The pair moves downwards in the channel between the lines 1 and 2. The break through the level 1.6010 and the line 2 will be a signal for the slowdown of the decrease. If the pair could rebound downwards and could break through the line 3 and the level 1.5995, players will gain the signal for sales.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/28
EURUSD
On the 4-hour chart:
The pair tested the resistance level 1.2985 twice and after that it had been broken the support line 2 and the level 1.2950. After that the price reached the support line 1. The Moving Averages show the slowdown of the growth.
On the 1-hour chart:
The pair had rebounded from the level 1.3000 in the middle of Tuesday and had left the channel between the lines 1 and 2. The channel between the lines 4 and 5 had been formed during the decrease and the price dropped to the line 3. The Moving Averages gave a bearish signal.
On the 15-minute chart:
The break through the level 1.2915 will be a signal for the sales. If the pair could rebound from the level and could break through the line 2, a bullish trend will continue.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/29
USDCAD
On the 4-hour chart:
During the current week, the pair was forming the resistance line 1. The price pierced the descending trend line 2, but failed with holding the ground recoiled from the line 1. The lowering slowed down in the support area 0.9920/16. The moving averages are still showing the bearish trend.
On the 1-hour chart:
The pair was testing the support area 0.9920/16 during the whole Asian session. The price is getting close the resistance line 1 again. The moving averages are showing the resumption of the bearish tendency.
On the 15-minute chart:
The pair formed the support line 1, which will be the first aim in case of piercing the support area 0.9920/16. If the support will not been pierced, the pair will probably continue the large flat.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/29
USDJPY
On the 4-hour chart:
The pair failed with holding below the line 3, recoiled from the support level 81.81. Herewith, price pierced the resistance line of descending channel 1. The moving averages are showing the slowing of the bearish trend down.
On the 1-hour chart:
The pair recoiled from the support line 2, backed by the support area 81.76/87, and pierced the resistance line 1. The nearest resistance level lies at 82.35. The moving averages are ready to provide a bullish signal.
On the 15-minute chart:
During the Asian session, the pair continued the forming of the support line 1. The pair dynamics restricted by the 82.18 from the top. In case of piercing the support, traders will start to sell. Piercing of the resistance will cause the buying.
By MasterForex Company