*Daily Forex market overviews by MasterForex.com* - page 30
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Trend analysis of the USDCHF for 12/11/29
USDCHF
On the 4-hour chart:
The bears tried to break the support level 0.9275 twice however the price recoiled to the resistance level 0.9335. After that the dynamics reversed downwards and the pair approached to the level 0.9275 for the third time. The Moving Averages show the remaining of a bearish trend.
On the 1-hour chart:
The price recoiled to the resistance level 0.9335 after two appointments to break the support 0.9275. After that the pair continued to decrease and had formed the resistance line 2 and the level 0.9290 had been broken. The Moving Averages gave a bearish signal.
On the 15-minute chart:
The pair approaches to the support area 0.9265/75. The break through the support level will be a signal for the sales. The consolidation will continue in the case of the rebound upwards from the support area.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/29
AUDUSD
On the 4-hour chart:
The pair continues the correction of ascending trend within the channel between the lines 1 and 2. The price started the forming the correction channel between the lines 3 and 4. The moving averages are showing the slowing of the bullish trend down.
On the 1-hour chart:
The pair failed with holding below the support line 1.0438. Due to that reason, the pattern “head and shoulders” has not triggered. After recoil from the support line 1, the pair grew to the resistance line 2. The moving averages are showing the consolidation.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics. The lowering in the last hours started to slowdown. The nearest support lies at 1.0447. The piercing of the level will be a signal to continue the sales. Otherwise, the turn to flat is possible.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/29
GBPUSD
On the 4-hour chart:
The price dropped to the support level 1.5965 after the second rebound from the resistance level 1.6050. The resistance line 5 had been formed as a result of the rebound from the support level. After that it was a leap above the level 1.6010 and the high border of the channel 6 had been formed. The Moving Averages show the remaining of the growth.
On the 1-hour chart:
The support line of the downward channel 1 had been formed in the middle of Wednesday. After that it was a rebound above the level 1.6010 and the flat started. The support line 2 had been formed on Thursday and the growth continued. The Moving Averages gave a bullish signal.
On the 15-minute chart:
The price tests a resistance level 1.6020 after the recoil from the support 1.6010. If the level 1.6020 and the line 4 could be broken, players will start the purchases. The sales will begin in the case of the break through the lines 1, 2 and 3 and the level 1.5995.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/29
EURUSD
On the 4-hour chart:
The pair dropped to the support level 1.2890 after two tests of the resistance level 1.2985. After that the price rebounded to the level 1.2955 and as a result the resistance line 3 had been formed. The Moving Averages show the formation of a bullish tendency.
On the 1-hour chart:
The price dropped to the level 1.2890 on Wednesday, after that the pair rebounded to the resistance level 1.2955 and the decrease continued. As a result the resistance line 3 had been formed. The price is clamped between the resistance line and the support line 4.The Moving Averages gave a bullish signal.
On the 15-minute chart:
The pair rebounded from the resistance level 1.2955, however the price is moving in the direction of the resistance line3 at the moment. The break through the resistance level and the line 3 will be a signal for the continuation of the growth. If the pair could continue to decrease and break through the level 1.2890 the sales will start.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/30
USDCAD
On the 4-hour chart:
The pair continued the consolidation between the resistance line 1 and support area 0.9920/16. Now the resistance is under testing. The nearest level from the top is 0.9956. The moving averages are showing the weakening of middle-term downward tendency.
On the 1-hour chart:
The pair recoiled from the support area 0.9920/16 and started the testing of the resistance line 1 within the bearish trend correction. The price formed the resistance level 0.9929. The moving averages are showing the consolidation.
On the 15-minute chart:
The pair is fluctuating in flat between the support level 0.9923 and resistance line 0.9929. Herewith, the resistance line has not affected the price dynamics yet. The piercing of the corridor will be a stimulus to trade in the respective direction.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/30
USDJPY
On the 4-hour chart:
The pair continues the growth after the recoil from the support level 81.81. The price touched the resistance area 82.53/66 and turned to the correction phase of ascending tendency. The moving averages are showing the consolidation.
On the 1-hour chart:
The pair formed the ascending trend channel between the support line 1 and resistance line 2. The level 82.35 was pierced and now is waiting for the confirmation as a support. The moving averages are showing the activation of ascension trend.
On the 15-minute chart:
The pair recoiled from the resistance line 2 and started the correction. The piercing of the support level 82.95 will be a bearish signal. The recoil from the support will be a stimulus to buy.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/30
USDCHF
On the 4-hour chart:
After the recoil from the resistance line 1, the pair started to decline by piercing the support lines 0.9315, 0.9290 and 0.9275. The price continues the decrease. The moving averages are showing the bearish trend.
On the 1-hour chart:
The pair pierced the support level 0.9265 after the long testing. The nearest support lies at 0.9422. The pair is lowering within the channel between the lines 1 and 2. The moving averages are showing the descending tendency resumption.
On the 15-minute chart:
The pair recorded the monthly low at 0.9245 and started the correction of bearish trend. Traders will continue to sell after the receiving the signals about the correction end on the elder timeframes.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/30
AUDUSD
On the 4-hour chart:
The pair continues to move between the resistance line 1 and support line 2. The price started to test the support lines 2 and 3. The nearest support lies at the level 1.0401. The moving averages are showing the consolidation.
On the 1-hour chart:
The pair is moving straight within the descending trend channel between the lines 1 and 2. Now the price mentioned the beginning of the bearish trend correction form the line 1 and level 1.00418. The moving averages are showing the recoil.
On the 15-minute chart:
The pair is fluctuating between the support level 1.0418 and resistance level 1.0438. The price formed the intraday upward trend channel between the lines 1 and 2. In case of piercing of the corridor, spectaculars will start the active trading.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/30
GBPUSD
On the 4-hour chart:
The pair continued to move within the ascending trend channel between the lines 1 and 2. The price herewith is testing the key resistance level 1.6050. The moving averages are showing the upward trend.
On the 1-hour chart:
The pair grows within the short-term within the ascending trend channel between the support line 1 and resistance line 2. Herewith, the price has not already gained a foothold above the level 1.6050. The moving averages are showing the moderate upward trend.
On the 15-minute chart:
The pair confirmed the support line of the short-term of bullish trend 1 and continued the testing of the level 1.6050. In case of holding the price above the level, traders will continue to bull the market. Otherwise, the large flat will resume.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/30
EURUSD
On the 4-hour chart:
After the recoil from the level 1.2890, the pair started the intensive growth. The levels 1.2955 and 1.2985 have been pierced. The price reached the level 1.3020. The moving averages are showing the ascending trend resumption.
On the 1-hour chart:
The pair formed the ascending trend channel between the support line 1 and resistance line 2. After the recoil from the support, the price reached the level 1.3020 and started the testing. The moving averages are showing the confident trend.
On the 15-minute chart:
At the end of the Asian session, the pair started the testing of the resistance 1.3020. In case of success, traders will continue to bull the market. Otherwise, the pair will turn to the phase of upwards trend correction.
By MasterForex Company