*Daily Forex market overviews by MasterForex.com* - page 23
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Trend analysis of the GBPUSD for 12/11/13
GBPUSD
On the 4-hour chart:
The dynamics in the downward channel between the lines 1 and 2 is remaining. The price fluctuates near the low border of the channel. The Moving Averages confirm trend.
On the 1-hour chart:
The price broke the support at the level 1.5895 that was a signal for sales. The support line 2 had been formed later and the pair corrected to the level 1.5884. It was a drop to the cross of the line 1 and the level 1.5960 on Tuesday. It was a signal for closing. The price is correcting now. The Moving Averages show the remaining of the trend.
On the 15-minute chart:
The price is correcting between the levels 1.5860 and 1.5884 at the moment. If the pair could break through the line 3 and the high border of the channel, the correction will deepen. If the price could break the low border of the channel players will expect the testing of the support line 1. It forecasts the rebound upwards in the case and start of the new correction.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/13
EURUSD
On the 4-hour chart:
The pair moves near the low border of a bearish channel between the lines 1 and 2. The dynamics restricts by the resistance line 4 also. The Moving Averages show downward trend.
On the 1-hour chart:
The resistance line 3 had been broken in the second part of Monday however the decrease continued. The level 1.2700 had been broken on Tuesday and the price dropped to the support line of the trend channel 1. After that it had been recoil upwards and the next correction started. The Moving Averages show the remaining of the trend.
On the 15-minute chart:
The price is increasing at the moment after the rebound from the support line of the trend channel 1. If the resistance area 1.2695/2700 and the resistance line 3 could be broken, players will gain the signal for the deepening of the recoil. The break through the level 1.2675 will be a signal for the continuation of the tendency.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/14
USDCAD
On the 4-hour chart:
The pair confirmed the resistance level 1.0021 by recoil and now tries to gain a foothold below the support 1.0003. The nearest support lies at 0.9986. The moving averages are showing the forming of horizontal tendency.
On the 1-hour chart:
The pair continues the flat between the support level 0.9986 and resistance level 1.0021. The level 1.0003, which is under testing now, also can affect the price dynamics. The moving averages are confirming the flat character of tendency.
On the 15-minute chart:
During the Asian session, the pair was demonstrating predominantly bearish dynamics. In case of piercing the level 1.0003, the price will open the way to 0.9986. Otherwise, the tapering of the flat channel to 1.0021/1.0003 is likely.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/14
USDJPY
On the 4-hour chart:
The pair failed with holding below the key support level 79.30. The price resumed the intensive growth, pierced the resistance levels 79.59 and 79.75. The moving averages are showing the upward turnover of the dynamics.
On the 1-hour chart:
The pair pierced the resistance line 1 and continued to grow. The price is taking attempt to gain a foothold above the level 79.75. The nearest resistance lies at 79.92. The moving averages have given the bullish signal.
On the 15-minute chart:
At the end of the Asian session, the pair started the sharply growth and already reached more than 30 pips. Traders will hold the long positions opened, until receive the clear signals of the bullish tendency end.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/14
USDCHF
On the 4-hour chart:
The price reached the level 0.9502 during the growth in the channel between the lines 1 and 2. After that the recoil started and the resistance line 3 had been formed. The Moving Averages confirm the correction.
On the 1-hour chart:
The pair rebounded from the level 0.9502 in the middle of Tuesday and the decrease started. The line 1 and 2 had been broken. The resistance line 4 had been formed at the beginning of Wednesday. The Moving Averages gave a bearish signal.
On the 15-minute chart:
The pair increased above the resistance line 1. The decrease continued after the rebound from the level 0.9470. The foothold of the price below the level 0.9460 will be a signal for the continuation of the correction. Players will start to seek the possibilities for the purchases in the case of the break through the level 0.9470.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/14
AUDUSD
On the 4-hour chart:
After the recoil from the support level 1.0401, the pair pierced the resistance level 1.0438. Now the price is trying to hold the ground. The pair dynamics could be restricted by the resistance line 1. The moving averages are showing the attempt of the pair to break the long flat.
On the 1-hour chart:
The pair formed the ascending trend channel between the support line 1 and the resistance line 2. Now the price is in the correction phase of upward trend. The moving averages are showing the intensive bullish tendency.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat above the level 1.0438 within the correction of ascending trend. In case of confirmation of the resistance line 1, traders will continue to bull the market. Otherwise, the flat saving is possible.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/14
GBPUSD
On the 4-hour chart:
The price reached the low border of the channel during the decrease in the corridor between the lines 1 and 2 and the correction started. The price reached the level 1.5985. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The pair broke the resistance line 3 to the middle of Tuesday. The recoil finished near the level 1.5905. After that it had been formed the support line 4. The price clamped between the line 4 and the level 1.5985. The Moving Averages show the formation of the flat.
On the 15-minute chart:
The price is placing between the line 3 and the level 1.5895 at the moment. The recoil will continue in the case of the breakthrough. If the support line could be broken players will gain the signal for the continuation of the trend.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/14
EURUSD
On the 4-hour chart:
The dynamics in the channel between the lines 1 and 2 continues. The price recoiled upwards from the support line of the channel and the level 1.2675, and the correction started. Downward dynamics continued after the rebound from the resistance at the level 1.2725. The Moving Averages show the remaining of the downward tendency.
On the 1-hour chart:
The dynamics between the lines 1 and 2 continues. The correction started after the rebound from the line 1 and the level 1.2675. The lines 3 and 4 and the level 1.2700 had been broken. Support line of the correction 5 had been formed as well. The Moving Averages prepare to give a bullish signal.
On the 15-minute chart:
The pair moves between the levels 1.2700 and the level 1.2725 and between the lines 1 and 2. Players will gain the second signal for the continuation of the trend in the case of the break through the support area 1.2695/2700. The break through the resistance line 2 and the level 1.2725 will be a signal through the deepening of the correction.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/15
USDCAD
On the 4-hour chart:
The pair pierced the strong resistance level 1.0021 and now tries to gain a foothold above. The moving averages continue to show the ascending trend despite its unclear shape.
On the 1-hour chart:
After confirmation of the level 1.0003 as a support, the pair grew by 40 pips. Now the price is in the correction phase of ascending trend. The level 1.0021 is testing for a few hours. The moving averages confirm the correction.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the correction of bullish trend. In case of the piercing the level 1.0021, the turn to flat is possible. Otherwise, traders can continue to bull the market.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/15
USDCHF
On the 4-hour chart:
Bullish trend in the channel between the lines 1 and 2 is remaining. The pair is correcting at the moment. The price reached the support level 0.9440 during the decrease. The Moving Averages show the remaining of the trend and confirm the correction.
On the 1-hour chart:
The price broken the resistance line of the correction 3 in the middle of Wednesday and moved into flat. The side way dynamics restricts by the support level 0.9440 and the resistance level 0.9455. The Moving Averages show the remaining of the downward dynamics.
On the 15-minute chart:
The price is moving in flat between the levels 0.9440 and 0.9455 at the moment. The break through the support will be a signal for the continuation of the correction. The landmark will be a trend line 1 on the 1-hour chart in the case. The break through the high border of the channel will be a signal for the continuation of the bullish trend.
By MasterForex Company