*Daily Forex market overviews by MasterForex.com* - page 10
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TREND ANALYSIS OF THE USDCHF FOR 12/10/12
USDCHF
On the 4-hour chart:
The price arrived into the downward channel between the lines 1 and 2 after the rebound from the level 0.9430. Moreover it had been broken previous local low level 0.9385. Thus, traders obtained the signal for the reverse downwards. The resistance line 3 had been formed as well. The Moving Averages prepare to give a bearish signal.
On the 1-hour chart:
The pair arrived into the downward channel between the lines 1 and 2. The channel between the lines 3 and 4 had been formed during the decrease. The price dropped to the level 0.9345 to the end of Thursday. The support level had been broken at the first part of Friday. As a result it had been formed the resistance line 3. The pair is correcting from the support line 4 at the moment. The Moving Averages show a bearish trend.
On the 15-minte chart:
The pair remains to decrease in the channel between the lines 1 and 2. The break through the level 0.9345 was the signal for the continuation of sales. The recoil from the support line 1 became the signal for the beginning of the correction. If the line pair could recoil downward traders will continue the sales.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/10/12
GBPUSD
On the 4-hour chart:
The pair arrived into the bearish channel between the lines 1 and 2 after unsuccessful testing of the support line 3. The Moving Averages show the slowdown of the bearish trend.
On the 1-hour chart:
The flat dynamics started after the break through the level 1.6025. The support line 1 had been formed at the same time. The Moving Averages gave a bullish signal.
On the 15-minute chart:
Flat dynamics between the levels 1.6025 and 1.6050 had started from the second part of Thursday. Traders will gain the signal for purchases in the case of the break through the resistance level of the channel. If the price could decrease below the support level 1.6025, the testing of the line 3 on the 4-hour chart will continue.
By MasterForex Company
TREND ANALYSIS OF THE EURUSD FOR 12/10/12
EURUSD
On the 4-hour chart:
The pair arrived into the middle-term trend upward channel. Moreover, it had been broken key level 1.2900 as well as the resistance line 3. Thus, traders gained all reverse signals. The Moving Averages show the approach of the bullish signal.
On the 1-hour chart:
The levels 1.2865, 1.2885 and 1.2900 had been broken after the rebound from the support 1.2835. The price increased above the lines 1 and 2 as well. The resistance level 1.2945 had been reached at the end of Thursday. The consolidation level 1.2945 had been broken after some fluctuations between the resistance level 1.2945 and the support line 3 at the beginning of Friday. The growth is remaining at the moment. The Moving Averages gave a bullish signal.
On the 15-minute chart:
The break through the consolidation level 1.2945 had been the signal for purchases. The target places on the line 3 on the 4-hour chart. If the price could drop lower the line 1 on the 1-hour chart, players will gain the first reverse signal.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/10/12
USDCAD
On the 4-hour chart:
The yesterday falling was restricted by the support line 1. Recoiled from it, the price turned to flat. The nearest resistance lies at the level 0.9792. The moving averages are showing the horizontal tendency.
On the 1-hour chart:
After the end of the falling at the level 0.9771, the pair turned to flat between the mentioned support and the resistance 0.9892. The fluctuations corridors narrowed in the Asian session. The moving averages are showing the flat.
On the 15-minute chart:
During the Asian session, the pair was fluctuating between the levels 0.9787 and 0.9775. The piercing of one of the corridor borders will be a first signal of the trend dynamics appearance. Traders will start to open respective positions after piercing the levels 0.9771 or 0.9792.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/10/12
AUDUSD
On the 4-hour chart:
The pair continues the ascending trend, which started on Monday. The price is fluctuating within the channel between the support line 1 and resistance line 2. Now the pair is testing the resistance levels 1.0271. The moving averages are showing the weak bullish tendency.
On the 1-hour chart:
The pair is testing the resistance area 1.0271/78 for the second day within the correction of ascending trend. The price herewith is getting close to the trend line 1. The moving averages are showing the correction of the bullish tendency.
On the 15-minute chart:
Now the pair is demonstrating a flat between the support level 1.0255 and resistance level 1.0287. After the recoil from the top border of the corridor, the price started another falling. The spectaculars will continue trading after the end of the horizontal tendency.
By MasterForex Company
TREND ANALYSIS OF THE USDJPY FOR 12/10/12
USDJPY
On the 4-hour chart:
The pair was lowering for the whole week until met a support at the mark 78.03. The results of the followed growth were piercing of the level 78.16 and beginning of the resistance 78.48 testing. The moving averages are showing the flat.
On the 1-hour chart:
After the recoil from the resistance area 78.48/57, the pair started to fluctuate, forming herewith the lines 1 and 2. The influence of the marked triangle is possible. The moving averages are still having a bullish bias.
On the 15-minute chart:
During the Asian session, the pair was fluctuating between the lines 1 and 2. Now the price is testing the top border of the triangle, which is backed by the resistance area 78.45/48. Spectaculars will probably wait for the triangle piercing and start the trading in respective direction.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/10/15
USDCAD
On the 4-hour chart:
The pair finished the previous week with the recoil from the support line 1 in the intersection point with the level 0.9775. The followed growth was restricted by the resistance level 0.9808. The moving averages are fluctuating horizontally suggesting the large flat.
On the 1-hour chart:
The pair continues the large flat between the support area 0.9775/71 and the resistance level 0.9808. In the middle of the Asian session, the price recoiled from the top border of the corridor and lowered until the level 0.9792. The moving averages are changing the direction, showing herewith the end of the Friday ascending tendency.
On the 15-minute chart:
During the last trading day, the pair was fluctuating between the levels 0.9808 and 0.9787. Now the pair is testing the support level. Its piercing will be a signal to resume the selling. The aim will be the level 0.9775.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/10/15
AUDUSD
On the 4-hour chart:
The pair was moving within the ascending trend channel between the support line 1 and resistance line 2 until pierced it downwards. The falling pair found the support at the line 3. The moving averages are showing the flat dynamics resumption.
On the 1-hour chart:
After the unsuccessful testing of the resistance level 1.0287, the pair started the sharply decline. Opened the new week by the 26-pip gap, the price continues the falling. Now the pair is in the correction phase of the descending trend. The moving averages have given a bearish signal.
On the 15-minute chart:
During the second half of the Asian session, the pair was growing within the correction channel between the lines 1 and 2. The piercing of support line 1 will be a signal of the descending trend continuation. The piercing of the line 3 will confirm it.
By MasterForex Company
TREND ANALYSIS OF THE USDCHF FOR 12/10/15
USDHF
On the 4-hour chart:
It observes the flat dynamics on the market between the support line 1 and the resistance level 0.9430. The trend line 2 had been broken earlier. The Moving Averages confirm flat.
On the 1-hour chart:
The pair rebounded upwards from the cross of the lines 2 and 3 at the second part of Friday. The price broken the support line 1 and increased to the level 0.9365 during the growth. The next recoil downwards had started after that and the resistance line 4 had been formed with the recoil. The price is placing at the line 1 now. The Moving Averages show the remaining of the bearish trend.
On the 15-minute chart:
The price decreases sharply after the rebound from the resistance level 0.9365. The pair will reach the low border of the previous trend channel in the case of the break through the line 1 on the 4-hour chart. If the price could not foothold below the line 1 on the 1-hour chart, traders will gain he signal for the end of the previous trend.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/10/15
GBPUSD
On the 4-hour chart:
The pair remains to move in the channel between the lines 1 and 2. The correction dynamics is remaining after the collision with the support line 3. The Moving Averages show the slowdown of the bearish trend.
On the 1-hour chart:
The price recoiled from the resistance area 1.6093/1.6100 at the second part of Friday. After that it had been a decrease to the support level 1.6025and the upward dynamics continued with the rebound. The pair places at the level 1.6050. The Moving Averages show the remaining of the bullish trend.
On the 15-minte chart:
The pair remains bullish dynamics after the rebound from the support level 1.6025. If the resistance line2 could be broken, bullish dynamics will remain. If the price could recoil downward and could break the line 1, testing of the support level 1.6025 will continue.
By MasterForex Company