*Daily Forex market overviews by MasterForex.com* - page 7
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TREND ANALYSIS OF THE USDCHF FOR 12/10/05
USDCHF
On the 4-hour chart:
The break through the level 0.9345 became the signal for the continuation of the middle-term downward trend. The character of the dynamics show classic reverse. Trend dynamics restricts by the lines 1 and 2. The Moving Averages gave bearish signal.
On the 1-hour chart:
Traders started intensive sales from the level 0.9345. As a result the price dropped to the level 0.9295. The correction started after the rebound from the resistance level and it had been formed the support line 3. The Moving Averages show the correction during the bearish trend.
On the 15-minute chart:
The correction between the lines 1 and 2 is remaining at the moment. If the tendency could continue the pair will increase to the level 0.9345. Traders will continue sales in the case of the rebound from the resistance level. The break through the line 1 and the level 0.9295 will be a signal for continuation of the trend as well.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/10/05
GBPUSD
On the 4-hour chart:
The pair remains to move inside downward channel between the lines 1 and 2. The price increased to the resistance level 1.6200 after the break through the level 1.6120. Downward dynamics continued after that. The Moving Averages confirm deep correction during the bearish trend.
On the 1-hour chart:
The pair increased to the resistance level 1.6200 to the end of Thursday. After that the dynamics in the side way started between the resistance level and the support level 1.6175. The Moving Averages show the slowdown of bullish tendency.
On the 15-minute chart:
The pair moves between the lines 1 and 2. If the support line and the level 1.6175 could be broken, traders will gain the signal to continue sales. The Moving Averages show the slowdown of the bullish tendency.
By MasterForex Company
TREND ANALYSIS OF THE EURUSD FOR 12/10/05
EURUSD
On the 4-hour chart:
Upward tendency had been confirmed finally. High border of the trend channel had been formed during the dynamics. The Moving Averages confirm bullish tendency.
On the 1-hour chart:
The break through the level 1.2945 was the final confirmation for upward trend. The sales began from the level. The pair reached the level 1.3020 during the growth and after that the correction started. As a result, it had been formed high border of the trend channel 2. The Moving Averages confirm the direction of the tendency.
On the 15-minute chart:
The correction during the bullish trend is remaining at the moment. The line 3 had been formed during the decrease. If the direction of the dynamics could remain and the support level 1.3000 could be broken, the pair will decrease to the low border of the bullish channel 1. The pair will continue the trend in the case of the rebound from the level 1.3000 and if the resistance line of the correction could be broken. That will be a signal for purchases.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/10/05
USDCAD
On the 4-hour chart:
After recoil from the resistance line 1, the pair pierced the support lines 2 and 3 as well as the levels 0.9852 and 0.9810. The price is trying to fix the result at the moment. The moving averages turned down following the price.
On the 1-hour chart:
The pair pierced the support level 0.9852 and finished the fall by turning to flat in the support area 0.9810/799. The moving averages gave a bullish signal suggesting the strong descending trend, although the falling had the spontaneous character.
On the 15-minute chart:
After losing about 70 pips for the second half of Tuesday, the pair was demonstrating the flat dynamics between the levels 0.9810 and 0.9799 during the Asian session. The piercing of the any border of the corridor will be the signal of the new tendency forming.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/10/05
AUDUSD
On the 4-hour chart:
The pair recoiled from the level 1.0196 and started to grow. The level 1.0255 has been pierced and now pair is trying to hold the result. The price got close to the resistance line 1. The moving averages started the recoil.
On the 1-hour chart:
The fluctuating pair pierced the resistance line 1 and confirmed it as a support. Now the price dynamics is passing near the level 1.0255. The moving averages are preparing to provide a weak bullish signal, but the indicators’ dynamics for the last day is showing the flat.
On the 15-minute chart:
During the last day, the pair is fluctuating in flat between the resistance level 1.0271 and support level 1.0239. Now the price is getting close to the bottom of the corridor. Its piercing will be the first signal of the flat end.
By MasterForex Company
TREND ANALYSIS OF THE USDJPY FOR 12/10/05
USDJPY
On the 4-hour chart:
The pair pierced the lines 1 and 2 when failed with gaining a foothold above the level 78.48. The price lost about 20 pips. The nearest support lies at 78.16. The moving averages are changing the tilt to horizontal, confirming the turn to flat.
On the 1-hour chart:
During the fluctuating, the pair formed the resistance line 1. The price is moving in diapason, which is clumped by the line1 and level 78.33. The clear support line of the descending tendency has not been formed yet.
On the 15-minute chart:
The pair started the Asian session by the bullish dynamics, but after the recoil from the resistance line, it fall by more than 25 pips. The last hours’ dynamics could be characterized as bullish. Traders could resume the active trading after the end of the flat.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/10/08
USDCAD
On the 4-hour chart:
At the second half of the last week, the pair left the ascending trend channel between the lines 1 and 2. The support levels 0.9852 and 0.9810 were pierced. The pair failed with holding below the level 0.9864. The moving averages gave belated bearish signal.
On the 1-hour chart:
The pair finished the previous week by growth, which was restricted by the level 0.9785. The current week the price started with flat between the mentioned resistance and support at 0.9771. Now, the resistance is under testing. The moving averages are changing the tilt to horizontal.
On the 15-minute chart:
The Asian session the pair spent in flat between the levels 0.9771 and 0.9785. In the last hours, the corridor was pierced upwards. The nearest resistance lies at 0.9799. Traders will possibly keep the long positions opened.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/10/08
AUDUSD
On the 4-hour chart:
The pair recoiled from the line 1 confirming it as a resistance on Friday. After that, the price pierced the support levels 1.0239 and 1.0196 and continued the decline. The moving averages are showing the strengthening of the descending trend.
On the 1-hour chart:
After decline, with which the previous week ended, the pair turned to flat, recorded herewith 10-week low at 1.0148. The nearest key resistance level lies at 1.0169. The moving averages are showing the resumption of descending trend.
On the 15-minute chart:
During the Asian session, the pair dynamics last between the levels 1.0153 and 1.0175. The piercing of any corridor border will be the first signal of the trend movement beginning. Traders will probably refrain from the deals before the flat ending.
By MasterForex Company
TREND ANALYSIS OF THE USDCHF FOR 12/10/08
USDCHF
On the 4-hour chart:
Downward trend in the channel between the lines 1 and 2 will continue. The support line 3 had been formed earlier and the price had rebounded from the line at the end of Friday. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The correction started after the rebound from the cross of the support line 3 and the level 0.9280. The support line of the correction 4 had been formed as a result of the growth. The Moving Averages show the approach of the reverse signal.
On the 15-minute chart:
The price starts the resistance level 0.9345 at the moment. The support provides by the line 1. If the resistance level could be broken, the correction will continue. The high border of the trend channel will be a landmark for the reverse in the trend direction. If the support line could be broken, trend dynamics will continue.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/10/08
GBPUSD
On the 4-hour chart:
The trend inside the channel between the lines 1 and 2 is remaining at the moment. Trend dynamics had continued after the rebound from the trend line 2. The Moving Averages show the continuation of the trend.
On the 1-hour chart:
Bearish dynamics in the downward channel is remaining now. The resistance line 3 had been formed during the decrease. The pair lowered to the line 4 and the level 1.6075. The Moving Averages gave the signal for the continuation of the bearish tendency.
On the 15-minute chart:
The pair tests the support line 1 and the level 1.6075. The resistance provides by the line 2. If the pair could break the support, the decrease will continue. Traders will choose the low border of the trend channel as a target. The next correction will start in the case of the rebound from the support line of the channel. In the case, it will be expect the growth to the nearest levels 1.6100 and 1.6120. Moreover the level 1.6075 will become the level of the consolidation in the case of the rebound.
By MasterForex Company