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TREND ANALYSIS OF THE USDCHF FOR 12/09/21
USDCHF
On the 4-hour chart:
The pair touched the long-term line 1 and started to decrease after long flat. The nearest support places at the level 0.9295 since the resistance is at the level 0.9366. The Moving Averages show flat.
On the 1-hour chart:
The pair had lost 40 pips after the rebound from the line 1. The decreased had been along the resistance line 2 and it had developed till the support at the level 0.9316. The Moving Averages changed the upward tone to flat.
On the 15-minute chart:
The pair had been decreasing during the American and Asian sessions between the lines 1 and 2. However the resistance had been broken. The volatility of the pair had increased sharply during the last hours because of the intensive mixed dynamics. It recommends to close the positions and to wait for the formation of the clear dynamics direction.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/09/21
GBPUSD
On the 4-hour chart:
The pair decreased to the level 1.6175 and rebounded upwards with the break through the resistance line of the correction 1. The support line 2 had been formed during the correction. The price reached the resistance line 3 to the moment and the recoil had started. The Moving Averages show the continuation of the trend.
On the 1-hour chart:
The growth that had started with the rebound from the support level 1.6175 had remained today. The resistance line of the correction 1 had been broken at the end of Thursday. That was the first signal for the end of the correction. The support line 2 had been formed and the price increased above the previous local high 1.6260. It was the rebound from the resistance line 3 to the moment and the next correction began. The Moving Averages gave bullish signal.
On the 15-minute chart:
The price recoiled from the resistance line 1 and it is decreasing at the moment in the direction of the support line 2. If the line 2 could be broken the correction will remain. In the case the trend could continue from the support line of the upward channel 3. If the line 2 could not be broken the correction will finish. It will be the signal for purchases.
By MasterForex Company
TREND ANALYSIS OF THE EURUSD FOR 12/09/21
EURUSD
On the 4-hour chart:
The development of the trend remains. The price had broken the level 1.3000 successfully and continued to decrease. The correction is observing at the moment. Herewith the resistance line 1 remains its` affection. The Moving Averages show the deepening of the correction.
On the 1-hour chart:
The price decreased to the level 1.2926 after the break through the cross of the lines 2 and 3. The correction had started after that. The day began with the growth. As a result, the line 3 and the level 1.3000 had been confirmed as a resistance. Trend dynamics had continued to the moment. The Moving Averages show confident bearish tendency.
On the 15-minute chart:
The pair remains to decrease after the recoil from the level 1.3000. The line 1 had been formed as a result of the dynamics. The price will foothold below the level 1.2926 in case of the trend remaining. That will be the signal for sales. The first confirmation of the trend remaining will be the break through the support line 2. If the level could not be broken it will be the likelihood of the consolidation or continuation of the correction. In the case traders could focus on the line 3 that is high border of the downward channel.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/09/21
USDCAD
On the 4-hour chart:
The pair pierced the resistance 1, but failed with holding there. The followed sharply falling caused the piercing of the level 0.9764. The price is getting close to the support line 2. The moving averages are showing the flat.
On the 1-hour chart:
After piercing the support area 0.9764/55 and lowering to the line 1, the pair started the growth, during which it returned a half of today losses. The moving averages are preparing for to give a bearish signal, despite their flat movement.
On the 15-minute chart:
The pair was moving in the descending channel between the lines 1 and 2. After another recoil from the support 1, the resistance 2 was pierced. Now the pair is testing the resistance level 0.9755. Recommendation: continue to buy in case of piercing of the area 0.9755/64.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/09/21
AUDUSD
On the 4-hour chart:
The pair touched the support level 1.0388 and started the growth. The price gained about 70 pips for the last 24 hours. Now the level 1.0468 is under testing. The moving averages are showing the flat.
On the 1-hour chart:
During the growth after rebound from the level 1.0388, the pair pierced the resistance level 1.0418 and moved forward. The testing of the level 1.0468 continues since the middle of Asian session. The moving averages gave a bullish signal.
On the 15-minute chart:
During the American and Asian sessions, the pair was growing, herewith forming the support line 1 and resistance line 2. The line 3 can also affect the pair dynamics. Recommendation: close the positions and wait for trend movement.
By MasterForex Company
TREND ANALYSIS OF THE USDJPY FOR 12/09/21
USDJPY
On the 4-hour chart:
Since yesterday, the pair was fluctuating in flat testing the support level 78.16. The next support lies at 77.91. The moving averages are ready to provide a bearish signal, confirming the descending trend resumption.
On the 1-hour chart:
The pair pierced the resistance line 1 and continued the horizontal dynamics. The price is fluctuating between the levels 78.16 and 78.33 for the next day. The moving averages changed the tilt to flatter confirming the flat.
On the 15-minute chart:
In the second part of Asian session, the pair was demonstrating the bearish dynamics between the lines 1 and 2. The price marked the piercing of level 78.16 and now trying to hold a ground. Recommendation: close the positions and wait for trend dynamics.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/09/24
USDCAD
On the 4-hour chart:
After the recoil from the support 0.9733, the pair started the growth. The resistance level 0.9764 was pierced as well as the line 1. The fluctuating in flat moving averages have given the bullish signal. The previous local high lies at the mark 0.9801.
On the 1-hour chart:
Since the middle of Friday, the pair grew within the ascending channel between the lines 1 and 2. The pair recoiled from the resistance line 2 and started the correction, which caused the piercing of the support line 1. The moving averages gave a bullish signal.
On the 15-minute chart:
After leaving the ascending channel between the lines 1 and 2, the pair marked the flat tendency. The nearest support level lies at 0.9764, while the resistance could be found at 0.9810. Recommendation: close the positions and wait for the trend dynamics continuation.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/09/24
AUDUSD
On the 4-hour chart:
After the Friday testing of the level 1.0505 failed, the pair started the sharply decline, which continued at the beginning of the current week. The level 1.0468 has been pierced. The level 1.0418 is under testing now. The moving averages are showing the flat.
On the 1-hour chart:
During the falling, the pair pierced the support line 1 and declined to the level 1.0418, along which it was fluctuating for the most part of Asian session. The moving averages have given another bearish signal, while their dynamics for the whole previous week shows the large flat.
On the 15-minute chart:
The pair, which was declining within the first half of Asian session, turned to flat in the last hours. The price is fluctuating in the 30-pip corridor around the level 1.0418. The piercing of the resistance line 1 has been marked. Recommendation: close the positions in case of piercing, which can cause the flat.
By MasterForex Company
TREND ANALYSIS OF THE USDJPY FOR 12/09/24
USDJPY
On the 4-hour chart:
The pair started the week with the continuation of the Friday decline, herewith gained a foothold below the support level 78.16. The nearest support now lies at 77.91. The moving averages have given the bearish signal.
On the 1-hour chart:
The pair is moving within the descending channel between the resistance line 1 and the support line 2, which were formed on Friday. Now the line 1 is under testing. Its piercing could cause the flat. The moving averages have a moderate bearish bias.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics with predominantly bearish character. Herewith, the price, which narrowed the fluctuation diapason, was moving in general near the resistance line 1. Recommendation: continue to sell in case of recoil from the line 1.
By MasterForex Company
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