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TREND ANALYSIS OF THE AUDUSD FOR 12/10/01
AUDUSD
On the 4-hour chart:
The pair continues to move within the descending channel, formed by the resistance line 1 and support line 2. During the falling, the price pierced the levels 1.0418 and 1.0388, lost in total more than 130 pips. The two-week low at 1.0324 was recorded.
On the 1-hour chart:
The pair was lowering within the descending channel between the lines 1 and 2, but after another recoil from the support line 2, it pierced the resistance and grew above the level 1.0348. The moving averages are changing the tilt to flatter.
On the 15-minute chart:
In the middle of the Asian session, the pair changed the falling by growth. There were formed the support line 1 and resistance line 2. The nearest resistance lines at the level 1.0388. Traders will probably keep the long positions opened.
By MasterForex Company
TREND ANALYSIS OF THE USDJPY FOR 12/10/01
USDJPY
On the 4-hour chart:
The pair rallied on Friday and returned the most part of the weekly losses. The levels 77.73 and 77.91 were pierced as well as the resistance line 1. The current week started by decline, this threw the price back below the level 77.91. The moving averages showed the turnover of descending trend.
On the 1-hour chart:
The most part of Asian session, the pair was lowering confidently until found the support at the level 77.82. After that, the sharply growth followed. The moving averages started to turn downwards, but under the influence of the last hour dynamics, they are changing the bias to bullish again.
On the 15-minute chart:
The pair lowered during the Asian session within the descending channel between the lines 1 and 2. Later the resistance line 1 was pierced. Now the price is trying to gain a foothold above the level 77.91. In this case, the turn to flat is likely.
By MasterForex Company
TREND ANALYSIS OF THE USDCHF FOR 12/10/02
USDCHF
On the 4-hour chart:
It remains the uncertainty on the market. The price is remaining to fluctuate inside two channels at the same time. The pair decreased to the support line 1 after the rebound from the cross of the resistance lines 2 and 4. The fluctuations are placing along the line 1 now. The Moving Averages show flat dynamics.
On the 1-hour chart:
It determines the consolidation between the support line 1 and the resistance level 0.9385. The price rebounded from the support line for the second time and continued to consolidate today. The Moving Averages show weak bearish tendency.
On the 15-minute chart:
The price moves in the direction of the low border of the consolidation area. The middle-term bearish trend will continue in the case of the break through the support line 1. The break through the support level 0.9345 will be a signal for opening short positions. If the pair will break the resistance level it will start the growth in the direction of the resistance line 2. That will be a signal for the remaining of the bullish trend.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/10/02
GBPUSD
On the 4-hour chart:
Downward trend between the lines 1 and 2 is remaining. It started the consolidation between the support level 1.6120 and the resistance level 1.6155 after the price had reached the low border of the channel in the cross with the support level. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The price continued the dynamics in the upward channel between the lines 2 and 3 after the rebound from the cross of the support lines 1 and 2 and the level 1.6120. After that it was recoil from the cross of the resistance lines 3 and 4. The Moving Averages show the slowdown of the downward trend.
On the 15-minute chart:
The price consolidates between the lines 1 and 2. The further dynamics will develop in the direction of the breakthrough. If the pair could break the resistance line the correction in the direction of the trend line 2 on the 5-hour chart will continue. If the price could decrease below the support line traders will expect the break through the support line 1.6120. That will be a signal for the beginning of sales.
By MasterForex Company
TREND ANALYSIS OF THE EURUSD FOR 12/10/02
EURUSD
On the 4-hour chart:
Downward trend between the lines 1 and 2 remains. The price is consolidating between the trend line 2 and the support level 1.2885. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The consolidation between the trend line 2 and the support level 1.2885 is remaining. The pair reached the trend line and rebounded downwards at the second part of Monday. The day began with the testing of the consolidation. The price rebounded to the trend line 2 after the unsuccessful testing of the level 1.2885. After that it was the other try to break through the support. The Moving Averages confirm flat character of the dynamics.
On the 15-minute chart:
The price rebounded upwards from the consolidation level. However, it expects the break through the support level in the near future. Traders will reach the signal for the trend continuation and the sales will start in the case. If the trend line could be broken the decrease will slowdown. Traders will wait for the development of the situation in the case.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/10/02
USDCAD
On the 4-hour chart:
After recoil from the resistance line 1, the pair started to consolidate near the support level 0.9810. Herewith the fluctuating amplitude is gradually lowering. The moving averages turned to flat.
On the 1-hour chart:
Since the beginning of the week, the pair is demonstrating the mixed dynamics. The volatility of the pair is falling gradually. Herewith the moving averages are showing the clear flat. The nearest support lies at 0.9810, while the resistance could be found at 0.9852.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the support level 0.9814 and resistance level 0.9830. The piercing of any border of the corridor will be a weak signal of the flat ended. Traders probably will wait for the confirmation of trend dynamics.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/10/02
AUDUSD
On the 4-hour chart:
The pair is moving within the descending trend channel between the lines 1 and 2. After the recoil from the resistance level 1.0388, the price started the sharply decline. Now the support line 2 is under testing. The moving averages show the strengthening of the trend.
On the 1-hour chart:
During the yesterday fluctuations between the levels 1.0388 and 1.0348, the pair formed the resistance line 1. After rebound from that line, the price began the rapid falling. The support levels 1.0348 and 1.0321 were pierced. The pair recorded the three-week low at 1.0290 and continued to decrease.
On the 15-minute chart:
After reaching the support line 1, the pair slowed the falling down. Now the line is under intensive testing. In case of its confirmation, traders will have a chance to play against the descending trend. Otherwise, the price may resume the rapid falling.
By MasterForex Company
TREND ANALYSIS OF THE USDJPY FOR 12/10/02
USDJPY
On the 4-hour chart:
After yesterday recoil from the support level 77.91, the pair was demonstrating the confident bullish dynamics. The growing price is getting close to the resistance level 78.16. The moving averages are preparing to provide a bullish signal.
On the 1-hour chart:
The pair is fluctuating within the ascending channel between the lines 1 and 2. The price touched the support line 1 and marked the movement aside the trend finishing herewith the correction. The moving averages are showing the confident bullish trend.
On the 15-minute chart:
In the second half of the Asian session, the pair was moving within the correction towards the support line 1. In case of confirmation of mentioned line, the traders will continue to buy, while otherwise, the end of the short-time trend is likely.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/10/03
USDCAD
On the 4-hour chart:
The pair continues the growth within the ascending trend channel champed between the support line 1 and resistance line 2. The technical correction finished by the recoil from the line 1, which was backed by the support level 0.9810. The moving averages are showing the moderate ascending trend.
On the 1-hour chart:
The pair pierced the resistance line 1 and the level 0.9852, which is now waiting for the confirmation as a support. The price renewed the thee-week high by the value 0.9871 and started the correction. The nearest resistance lies at 0.9872.
On the 15-minute chart:
After the recoil from the support level 0.9843, the pair started the intensive growth. However, the price begun to decline failed to reach the resistance level 0.9872. As a result, the pair dynamics for Asian session was mixed. Traders might wait for the clearer pair movement before the trading resumption.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/10/03
AUDUSD
On the 4-hour chart:
The pair left the descending trend channel between the lines 1 and 2 by piercing the support after the short testing. The levels 1.0278 and 1.0255 have been broken as well. The price got close to the support 1.0196. The tilt of moving averages is getting steeper.
On the 1-hour chart:
The lowering pair formed the resistance line 1 and the support line 2 which are clamping the bearish dynamics. The price got close to the support level 1.0196. Now the pair is in the phase of technical correction of descending trend. The moving averages confirm the intensive bearish tendency.
On the 15-minute chart:
The pair is fluctuating within the descending trend channel between the lines 1 and 2. During the Asian session, the price formed the resistance line 3, which is under testing now. Traders may keep the short positions opened until the pair pierces the top border of the channel.
By MasterForex Company