*Daily Forex market overviews by MasterForex.com* - page 20
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Trend analysis of the USDJPY for 12/11/06
USDJPY
On the 4-hour chart:
The pair continued the lowering, which started on Monday. During the technical correction of descending tendency, the price confirmed the level 80.29 as a resistance. The moving averages started to turn down, confirming the forming of new trend.
On the 1-hour chart:
The lowering pair formed the descending trend channel between the resistance line 1 and support line 2. The price formed the support level 80.11. The pair mentioned the starting of the correction from the line 2. The moving averages provided a bearish signal.
On the 15-minute chart:
During the Asian session, the pair demonstrated a clear bearish dynamics. On the last hours, the price turned to the phase of technical correction by recoil from the support line 1. Traders will resume to sell after the recoil from the resistance line 2.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/07
USDCAD
On the 4-hour chart:
The pair continued the lowering within the channel between the resistance line 1 and support line 2. The price held below the level 0.9941. The pair reached the bottom border of the channel. The moving averages provided a bearish signal.
On the 1-hour chart:
After short testing, the support level 0.9920 has been pierced. The pair lost about 50 pips for the last day. The support line 1 is under testing now. The moving averages are showing the intensive bearish trend.
On the 15-minute chart:
The pair was lowering within the descending channel, formed by the lines 1 and 2. Now the bottom border of the channel is under testing. Traders will start to buy in case of confirmation of recoil. The aim herewith will be at the resistance line 1.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/07
USDJPY
On the 4-hour chart:
The pair recoiled from the support line of the descending tendency 1, which was formed on this week, and demonstrated more than 30-pips growth. Now the current week dynamics could be characterized as a flat, which is confirmed by the moving averages.
On the 1-hour chart:
The growing pair recoiled from the resistance level, which moved to the mark 80.42, and then fell by more than 50 pips. Failed with gaining a foothold below the level 79.92, the price restored almost all the daily losses reaching herewith the level 80.29. The moving averages are showing the horizontal tendency.
On the 15-minute chart:
On the second part of the Asian session, the pair pierced the resistance level 80.11 after short testing and grew to 80.29. Traders will keep the long positions opened until receiving the clear signals of the bullish movement end.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/07
USDCHF
On the 4-hour chart:
The pair continues the upward dynamics in the channel between the lines 1 and 2. The price tested the level 0.9445 unsuccessfully for the second time after the break through the support line 3. As a result, the line 4 had been broken and the price dropped below the level 0.9440. The Moving Averages show the slowdown of the growth.
On the 1-hour chart:
The pair broke the line 4 and the level 0.9430, 0.9415 and 0.9400 after the rebound from the resistance level. The decrease stopped to the moment and the price recoiled to the level 0.9440. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The pair tests the resistance level 0.9440. In the case of the breakthrough the level trend dynamics will continue. The purchases will start from the level 0.9445. If the level could not be broken, traders will continue the sales from the level 0.9380.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/07
AUDUSD
On the 4-hour chart:
The pair gained a foothold above the level 1.0418, confirmed it as a support. The followed growth forced the pair to grow to the key resistance 1.0468 and line 1. The moving averages are showing the intensification of bullish trend.
On the 1-hour chart:
The pair continued the growth after piercing of the resistance line 1. Gained about 60 pips for today, the price reached the resistance at the level 1.0468 and started the testing. The moving averages are still showing the intensive bullish tendency.
On the 15-minute chart:
During the Asian session, the pair was growing within the ascending channel between the support line 1 and resistance line 2. Traders can start to sell after confirmation of rebound from the resistance 1.0468 and line 3. In addition, turn to flat is possible.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/07
GBPUSD
On the 4-hour chart:
The pair continues the dynamics in the channel between the lines 1 and 2. After the rebound from the support level 1.5965 it had started next correction and the price increased to the resistance at the level 1.6035. The resistance line 3 had been broken earlier. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The pair rebounded upwards from the support area 1.5965/70 and increased to the cross of the level 1.6035 and the line 3. The Moving Averages prepare to give a bullish signal.
On the 15-minute chart:
The price is reversing downwards near the level 1.6035. If the reverse could finish, traders will expect the break through the level 1.5965 that will be a signal for the continuation of the trend. In the case of the break through the line 3 and the level 1.6035 the pair will continue the correction.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/07
EURUSD
On the 4-hour chart:
Bearish channel between the lines 1 and 2 had been formed finally after the rebound of the pair from the support level 1.2779. In particular, the support line 1 had been replaced. The price is correcting now. The Moving Averages confirm the slowdown of the decrease.
On the 1-hour chart:
The price had not foothold below the support line 5 on Tuesday. The pair increased above the line 4 and the level 1.2815 to the end of the day. However, the price decreased to the level 1.2790 at the first part of Wednesday. After that it had been strong leap and the pair increased above the level 1.2986 to the moment. The Moving Averages prepare to give a bullish signal.
On the 15-minute chart:
The growth slowed down to the moment. Herewith it could not be said that the price halt above the level 1.2865 finally. If the level could be confirmed as a support, traders will continue the purchases. If the pair could recoil downwards, traders will expect the signals for the continuation of the bearish trend.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/08
USDCAD
On the 4-hour chart:
After the recoil from the support line 1, the pair pierced the resistance line 2 and the level 0.9941. The growing price found a resistance in the area 0.9963/71. The moving averages are showing the forming of the large flat.
On the 1-hour chart:
In the middle of Wednesday, the pair demonstrated the sharply growth about 90 pips and turned to flat between the levels 0.9971 and 0.9963. The price continues to test the key resistance. The moving averages provided a bullish signal.
On the 15-minute chart:
The price is fluctuating between the levels 0.9971 and 0.9963. In case of any current flat corridor border piercing, spectaculars will start the intensive trading in respective direction.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/08
USDJPY
On the 4-hour chart:
The pair found a resistance in the area 80.29/42 and started the sharply decline. The price is testing the support level 79.92. The moving averages continued the turnover, showing the deep correction of the middle-term ascending trend.
On the 1-hour chart:
The lowering pair pierced the support level 80.11 after the short testing. The price lost about 50 pips in total for last day. The pair is taking another attempt to hold below the 79.92. The moving averages are showing the descending trend by inertia.
On the 15-minute chart:
During the Asian session, the pair continued to fluctuate in flat between the resistance level 80.01 and area 79.85/75. Spectaculars will start the active trading after clear piercing of current corridor.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/08
USDCHF
On the 4-hour chart:
The dynamics in a bullish channel between the lines 1 and is remaining. The pair dropped to the level 0.9400 and reversed upwards during the correction. After that a resistance level 0.9445 had been broken. That was a signal for the continuation of the trend. The growth had been interrupted by the resistance level 0.9460. The Moving Averages show a bullish trend.
On the 1-hour chart:
The pair reached the resistance level 0.9460 and the correction between the resistance level and a level 0.9445 started after that. The flat is remaining now. The Moving Averages show the continuation of the bullish trend.
On the 15-minute chart:
The pair is testing the support level 0.9445 at the moment. If the level could be broken the correction will deepen. The nearest targets will be a level 0.9430 and a line 1. In the other case the pair will arrive in the channel that will be a signal for the continuation of the flat. The break through the resistance level will be a signal for purchases.
By MasterForex Company