*Daily Forex market overviews by MasterForex.com* - page 22
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Trend analysis of the USDCAD for 12/11/12
USDCAD
On the 4-hour chart:
The pair failed with holding above the resistance level 1.0003, pierced herewith the support line of short-term ascending trend 1. The nearest support lies at the level 0.9981. The moving averages are showing the correction of bullish trend.
On the 1-hour chart:
In the middle of Friday, the pair recorded the local high at 1.0031 and then started to decline. The level 1.0003 has been confirmed as a resistance. Now the pair is in the correction phase of bearish tendency. The moving averages are showing the turnover of upward trend.
On the 15-minute chart:
During the Asian session, the pair was lowering continuing the forming of the resistance line 1, which is under testing now. In case of recoil, traders will continue to sell. In addition, there is a possibility of the flat resumption between the levels 0.9993 and 0.9981.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/12
USDJPY
On the 4-hour chart:
The pair failed with foothold below the level 79.30, confirmed herewith the support line 1. The clear resistance line of descending trend has not been formed. Now the price is in the phase of technical correction. The moving averages are showing the bearish bias of the pair.
On the 1-hour chart:
After the recoil from the support line 1, the pair returned all the Friday losses and formed the resistance level 79.50. The price finished a week by consolidation near that level. The moving averages are showing the flat.
On the 15-minute chart:
The fluctuating pair formed the pattern “triangle”. The piercing of the resistance level 79.50 can cause the intensive growth. The next resistance level lies at 79.59. In addition, the flat continuation is possible.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/12
USDCHF
On the 4-hour chart:
Bullish trend in the channel between the lines 1 and 2 is remaining. The price reached the resistance line and corrected to the level 0.9470. After that the growth continued. The Moving Averages show bullish trend.
On the 1-hour chart:
The pair reached the resistance line of the channel 2 and the level 0.9495 in the second part of Friday. After that the correction started. The recoil finished near the support level 0.9470. The testing of the resistance level expects in the near future. The Moving Averages show the slowdown of the growth.
On the 15-minute chart:
The pair is correcting between the levels 0.9470 and 0.9495 at the moment. The break through the resistance level will be a signal for bullish trend. If the line 2 could be broken downwards, players will obtain the signal for the remaining of the flat. The break through the support level will be a signal for the deepening of the correction.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/12
AUDUSD
On the 4-hour chart:
The pair finished the previous week by recoil from the support line of ascending trend 1 and grew to the resistance level 1.0418. The price is testing the resistance line 2. The moving averages are showing the flat.
On the 1-hour chart:
The pair failed with holding below the support line 2, recoiled from the support level 1.0366. The followed growth forced the pair to grow until the resistance line 1, which was backed by the level 1.0418. Now the price is testing the resistance. The moving averages are showing the correction of downward trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the bullish dynamics, until found a resistance at the level 1.0418. In case of its piercing, traders will continue the intensive buying. Otherwise, the flat saving is possible.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/12
GBPUSD
On the 4-hour chart:
Bearish trend in the channel between the lines 1 and 2 is remaining. The level 1.5940 and the support line 4 had been broken earlier. The Moving Averages show the continuation of the downward tendency.
On the 1-hour chart:
The pair decreased to the level 1.5895 to the end of Friday with the formation of the support line 1. After that the correction started. The break through the line 3 had been the signal for the continuation of the bearish trend. The price places between the lines 1 and 4. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The pair is testing the support level 1.5985 at the moment. Traders will gain the signal for the sales in the case of the break through the level. If the level could not be broken, the correction will remain. The confirmation of the correction will be the break through the line 2.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/12
EURUSD
On the 4-hour chart:
The dynamics in the channel between the lines 1 and 2 is remaining. The price broke the line 5 and dropped to the low border of the channel. After that the correction started. The Moving Averages show the remaining of the downward tendency.
On the 1-hour chart:
The correction started after the rebound from the support line of the downward channel 1. The recoil remained on Monday and the price reached the cross of the level 1.2730 and the resistance line 3. The price tests the support level 1.2710. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The price tests the support at the level 1.2710. If the level could be broken, the pair will drop to the support line 1. After that players will expect the next correction. The correction will remain in the case of the rebound upwards.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/13
USDCAD
On the 4-hour chart:
The pair finished the decline, failed with reaching the level 0.9981. The followed growth helped the price to pierce the resistance level 1.0003. The moving averages are showing the moderate bullish tendency.
On the 1-hour chart:
The pair confirmed the support level 0.9986 and started the moderate growth. The level 1.0003 has been pierced from the second attempt. Now the price tries to hold the ground. The moving averages are showing the forming of week bullish tendency.
On the 15-minute chart:
The pair was growing along the support line 1 during the Asian session. Traders started to bull the market after piercing of the resistance level 1.0003. The nearest resistance lies at the level of previous local high 1.0026.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/13
USDJPY
On the 4-hour chart:
The pair changed the flat, which the week started with, to the bearish dynamics. Now the price is trying to hold below the support level 79.30. The next support lies at the level 78.91. The moving averages are showing the descending trend resumption.
On the 1-hour chart:
The pair was demonstrating the bullish dynamics at the second half of Monday, until found the resistance at the line 1, which was backed by the level 79.59. Then the sharply falling followed, which was restricted by the level 79.30. The moving averages are showing the bearish move within the flat tendency.
On the 15-minute chart:
The pair was lowering during the Asian session. The fall finished by consolidation near the level 79.30. Spectaculars will continue trading after forming of clearer tendency.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/13
USDCHF
On the 4-hour chart:
The dynamics in the bullish channel between the lines 1 and 2 is remaining. The price fluctuates near the high border of the channel. The Moving Averages show a bullish trend.
On the 1-hour chart:
The pair is remaining to increase between the lines 1 and 3. The price had grown above the line 2 and the level 0.9495 at the beginning of the day. That was a signal for the continuation of the trend. The Moving Averages confirm the remaining of a bullish trend.
On the 15-minute chart:
The pair remains to increase in the direction of the line 3. The break through the line will be a signal for the strengthening of the trend. The break through the lines 1 and 2 will be a confirmation of the correction.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/13
AUDUSD
On the 4-hour chart:
The pair, which continues the growth, pierced the resistance line 1, but stopped at the level 1.0438. The followed bearish dynamics was restricted by the line 1, which was confirmed herewith as a support. The moving averages are still showing the flat.
On the 1-hour chart:
The lowering, which started at the middle of Monday, finished at the intersection of the support line 1 and the level 1.0401. The nearest resistance lines at 1.0418. The moving averages are showing the flat bias of the pair.
On the 15-minute chart:
At the second half of Asian session, the pair formed the intraday bullish channel between the lines 1 and 2. Traders will hold the long position until the price reaches the level 1.0418. Then the turn to flat is possible.
By MasterForex Company