*Daily Forex market overviews by MasterForex.com* - page 13
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TREND ANALYSIS OF THE USDJPY FOR 12/10/19
USDJPY
On the 4-hour chart:
The pair continues to move within the ascending trend channel between the lines 1 and 2, consolidating herewith near the resistance line. The levels 79.19 and 79.30 have been pierced. The moving averages are showing the confident ascending trend.
On the 1-hour chart:
During the testing of the resistance area 79.19/30, the pair recorded the two-month high at 79.45. Now the price is taking an attempt to gain a foothold above the 79.30. The tapering of the ascending trend channel is probably. The moving averages are showing the stabile bullish tendency.
On the 15-minute chart:
During the Asian session, the pair was consolidating near the area 79.30/34. In case of holding of the pair above the mentioned area, traders will continue to buy. Otherwise, the long flat is possible.
By MasterForex Company
TREND ANALYSIS OF THE USDCHF FOR 12/10/19
USDCHF
On the 4-hour chart:
The pair remains the dynamics in the downward channel between the lines 1 and 2. The recoil started after the drop to the support level 0.9220 and the price increased to the level 0.9255. The Moving Averages show bearish trend.
On the 1-hour chart:
The channel between the lines 3 and 4 had been formed after the rebound from the level 0.9220. The pair moved into the side way channel between the levels 0.9242 and 0.9258 to the end of Thursday. The Moving Averages gave bullish signal.
On the 15-minte chart:
The pair will continue the correction in the case of the break through the level 0.9258. If the levels 0.9242 and 0.9220 could be broken as well as the line 1, bearish trend will continue. The break through the level 09220 will be a signal for sales.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/10/19
GBPUSD
On the 4-hour chart:
The pair broke the support area 1.6120/30 after the return into the downward channel. After that it was a drop to the level 1.6045 and the correction started. The Moving Averages prepare to give the signal for the remaining of the trend.
On the 1-hour chart:
The pair broke the support level 1.6120 and dropped to the level 1.6045 at the second part of Thursday. The support line 1 had been broken as well, that was a signal for continuation of the bearish trend. The Moving Averages show downward trend.
On the 15-minute chart:
The pair corrects in flat between the level 1.6040 and 1.6060. The pair recoiled from the resistance line 2. The price prepares to continue the testing of the support level. If the level could be broken the trend will continue. If the resistance line and the level 1.6060 could be broken, the pair will recoil to the resistance line of the trend channel 3 on the 1-hour chart.
By MasterForex Company
TREND ANALYSIS OF THE EURUSD FOR 12/10/19
EURUSD
On the 4-hour chart:
The pair continued to fluctuate in the channel between the lines 3 and 4. The correction continues after the rebound from the level 1.3130. The pair is testing the support level 1.3060 at the moment. Moreover it had been formed the resistance line of the correction 5. The Moving Averages show strong slowdown of the growth.
On the 1-hour chart:
The pair broke the support level 1.3090 and dropped to the level 1.3060 at the second part of Thursday. After that the price continued the dynamics in the channel between the support level and the resistance level 1.3075. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The pair moves in flat between the levels 1.3060 and 1.3075. The pair will increase to the resistance line of the correction 3 in the case of the break through the resistance level. If the line 3 and the level 1.3090 could be broken, upward trend will continue. If the support level of flat channel could be broken the pair sill continue to decrease. The break through the line 1 will be a signal for sales.
By MasterForex Company
Trend analysis of the USDCAD for 12/10/22
USDCAD
On the 4-hour chart:
The pair finished the flat between the levels 0.9775 and 0.9872 by piercing the resistance. The price recorded two-month high at 0.9947. The resistance area 0.9941/53 is under testing now. The moving averages are showing the intensive ascending trend.
On the 1-hour chart:
The pair is in the deep correction phase of the intensive ascending trend, which started on Thursday. The current week started with the upward gap about 10-pip. The moving averages are showing the strong bullish tendency.
On the 15-minute chart:
During the first part of the Asian session, the pair lowered until the support level 0.9924, but in the last hours, it resumed the growth. The level 0.9941 is under testing now. Piercing of the resistance area 0.9941/53 will be a strong bullish signal. Recoil from the level can cause the flat.
By MasterForex Company
Trend analysis of the USDCHF for 12/10/22
USDCHF
On the 4-hour chart:
The pair remains to move in the channel between the lines 1 and 2. The resistance line 4 had been broken during the growth after the rebound from the level 0.9220. The line 5 had been formed during the growth. The Moving Averages show slowdown of the decrease.
On the 1-hour chart:
The pair had left the channel between the lines 1 and 2 by the break through the resistance line. The line 4 had been broken as well. After that the price rebounded from the support level 0.9258 and the support line 5 had been formed. The Moving Averages show upward tendency.
On the 15-minute chart:
The price rebounded from the support level 0.9258 and increased to the resistance level 0.9285. If the level could be broken, the growth will remain. If the level 0.9258 and the lines 3 and 4 could be broken the decrease will continue.
By MasterForex Company
Trend analysis of the AUDUSD for 12/10/22
AUDUSD
On the 4-hour chart:
The pair continues the decline, which started at the middle of the previous week. The price is trying to gain a foothold below the level 1.0321. The nearest support lies at the line 1. The moving averages are showing the turnover of the ascending trend.
On the 1-hour chart:
The price dynamics lasts within the descending trend channel between the lines 1 and 2. The pair pierced the support level 1.0321 and later confirmed is at a resistance. Support could be found at the line 3. The moving averages have given the bearish signal.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics between the resistance line 1 and the support line 2. In case of piercing the line 3, spectaculars will continue to sell. Otherwise, the flat is possible.
By MasterForex Company
Trend analysis of the GBPUSD for 12/10/22
GBPUSD
On the 4-hour chart:
The pair lowered to the support level 1.6005 after the rebound from the level 1.6155. The line 3 had been broken during the decrease. However, the price is still inside the channel between the lines 1 and 2. The Moving Averages show downward tendency.
On the 1-hour chart:
The price left the channel between the lines 1 and 2 after the rebound from the level 1.6005. The line 3 had been formed during the growth. The pair approaches to the resistance level 1.6040. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The pair is clamped between the line 3 and the resistance level 1.6040. If the level could be broken, the growth will remain. If the line 3 and the level 1.5995 could be broken, the decrease will continue.
By MasterForex Company
Trend analysis of the EURUSD for 12/10/22
EURUSD
On the 4-hour chart:
The price moves in the upward channel between the lines 1 and 2. The pair dropped to the support level 1.3020 after the rebound from the resistance at the level 1.3130. The growth is continuing at the moment. The Moving Averages show upward dynamics.
On the 1-hour chart:
The pair lowered to the support level 1.3020 at the end of the previous week. This week started with the recoil to the resistance level 1.3060 and to the resistance line 3. The dynamics restricts by the lines 3 and 4. As well the line 1 had been broken. The Moving Averages show slowdown of the downward tendency.
On the 15-minute chart:
The price rebounded from the line 2. If the lines 2 and 3 and the level 1.3060 could be broken the growth will continue. It the support level 1.3020 could be broken the decrease will remain.
By MasterForex Company
Trend analysis of the USDCAD for 12/10/23
USDCAD
On the 4-hour chart:
The growth, which the last week finished with, was restricted by the resistance area 0.9941/53. The testing of the area lasts since Monday. The line 1 was confirmed as a support. The moving averages are continuing to show the bullish trend.
On the 1-hour chart:
The pair continued the flat between the support level 0.9920 and the area 0.9941/53, which started on Monday. Now the price is testing the resistance area. The moving averages changed the direction to horizontal suggesting the correction of ascending trend.
On the 15-minute chart:
During the first half of the Asian session, the pair was demonstrating the flat dynamics near the level 0.9920. Close to the end of the session the price started the sharply growth. The piercing of the resistance area 0.9941/53 will be a first signal of the flat ending.
By MasterForex Company