*Daily Forex market overviews by MasterForex.com* - page 18
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Trend analysis of the USDCHF for 12/11/01
USDCHF
On the 4-hour chart:
The price dropped to the support level 0.9285 and rebounded upwards after the break through the support line 1. As a result, the resistance line 3 had been broken and the support line 4 had been formed. The Moving Averages show the remaining of the bullish trend.
On the 1-hour chart:
A resistance line 1 had been broken at the second part of Thursday. The growth continued and the support line 2 had been formed after short correction near the level 0.9315. The Moving Averages show the reverse of the tendency upwards.
On the 15-minute chart:
It expects the second testing of the resistance level 0.9340. If the level could be broken, traders will start the purchases. The price will decrease below the support line 1 in the case. According to this traders will gain the signal for the slowdown of the growth.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/01
GBPUSD
On the 4-hour chart:
The pair left a bearish channel between the lines 1 and 2 with the break through the resistance line 3 and the level 1.6115. The price increased above the previous high level 1.6140at the moment. The price increases along the support line 3. The Moving Averages show a bullish trend.
On the 1-hour chart:
The pair broke a support line of the downward channel 1 and increased to the resistance level 1.6140 to the end of Thursday. The growth along support line 2 continued after small correction. The Moving Averages show a bullish trend.
On the 15-minute chart:
The price is testing the level 1.6160. If the resistance could be broken traders will start the purchases. In the case of the rebound it will start the correction between the level 1.6160 and the support line 1.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/01
EURUSD
On the 4-hour chart:
The price increased to the level 1.3000 after the break through the resistance line of the downward channel 2. Downward dynamics is continuing at the moment. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The pair reversed downwards near the level 1.3000 at the second part of Wednesday. The pair broke the support line 1 and dropped to the support level 1.2955 to the end of Wednesday. The price corrected to the level 1.2965 and continued the decrease with the break through the support level on Thursday. As a result, the resistance line 2 had been formed. The Moving Averages show the reverse downwards.
On the 15-minute chart:
The price is rebounding from the level 1.2930 at the moment. If the price could break the resistance line 1 it will be expected the growth till the resistance area 1.2955/65. The break through the resistance area will be the second signal for the continuation of the growth. If the present support level could be broken bearish dynamics will continue.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/02
USDCAD
On the 4-hour chart:
The pair left the ascending trend channel between the lines 1 and 2 by piercing the support, caused by the recoil from the resistance level 1.0003. The price found the support at the level 0.9963 and started to test it. The moving averages are showing the turnover of upward trend.
On the 1-hour chart:
The dynamics for the second half of week could be described as large flat between the levels 1.0003 and 0.9963. The moving averages continue to show the intensive bearish movement despite the turning of the pair to flat.
On the 15-mminute chart:
During the Asian session, the pair was fluctuating in flat between the levels 00.9972 and 0.9963. Spectaculars will start the active trading in case of piercing of any border of corridor.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/02
USDJPY
On the 4-hour chart:
The pair continued the growth within the ascending trend channel between the support line 1 and resistance line 2. The price reached the previous local high level 80.29 and started the testing. The moving averages are showing the confident bullish trend.
On the 1-hour chart:
The pair narrowed the ascending trend channel for the last day by consolidating near the support line 1. The price is testing the resistance area 80.29/37 hard. The moving averages continue to show the intensive ascending trend.
On the 15-minute chart:
During the Asian session, the pair was moving between the support line 1 and the resistance line 2, which are forming the upward channel. The level 80.11 has been confirmed as a support. In case of holding of pair above the resistance 80.29, traders will resume buying.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/02
USDCHF
On the 4-hour chart:
The pair remains the dynamics above the support line 4. The support line of the present dynamics 5 had been formed. The Moving Averages show the remaining of the bullish trend.
On the 1-hour chart:
The pair rebounded upwards from the support line 3 in the middle of Wednesday. After that the growth continued and the support line 2 had been formed. The price places near the resistance level 0.9380. The Moving Averages show a bullish trend.
On the 15-minute chart:
The pair places between the support level 0.9365 and the resistance level 0.9380. If the resistance level could be broken players will start the purchases. The next correction will be expected in the correction to the level 0.9350 or to the line 2 on the 1-hour chart.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/02
AUDUSD
On the 4-hour chart:
The pair continues to move within the ascending trend channel between the support line 1 and resistance line 2. The price failed with holding above the level 1.0388 and recoiled from the line 2. Now the pair is in the phase of technical correction, which is confirmed by the moving averages.
On the 1-hour chart:
The yesterday 50-pips growth finished by recoil from the resistance line 1 and correction, which caused more than 30 pips falling. The price is getting close to the support line of ascending trend 1. The moving averages are confirming the correction.
On the 15-minute chart:
The pair, which is demonstrating the bearish dynamics within the Asian session, formed the intraday resistance line 1. Spectaculars will keep the short positions opened until the pair will reach the support line 2. Than the trend movement is possible.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/02
GBPUSD
On the 4-hour chart:
The price increased to the level 1.6160 and rebounded downwards with the break through the support line 3 after the break through the resistance line 2. The price arrived into the channel between the lines 1 and 2; moreover the resistance line 4 had been formed. The price places near the support line 5. The Moving Averages show the remaining of the bullish trend.
On the 1-hour chart:
The price reached the level 1.6175 and rebounded downwards in the middle of Thursday. It was a dropped to the level 1.6085 to the middle of Friday. The pair is testing present support level and the support line 4 at the moment. The line 1 had broken the line 1 during the decrease and the resistance line 3 had been formed as well. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The price is testing the support line 4 and the support level 1.6085. If the support could be broken, players will start active sales. If will be expected the growth above the line 2 on the 4-hour chart in the case of the rebound upwards.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/02
EURUSD
On the 4-hour chart:
The pair continued the decrease after the rebound from the level 1.3000. As a result, the price dropped to the level 1.2900. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The price increased sharply to the resistance level 1.2975 and recoiled downwards. The levels 1.2965, 1.2955, 1.2930 and 1.2915 had been broken during the decrease. The price is testing present support level at the moment. The Moving Averages gave a bearish signal.
On the 15-minute chart:
The pair is consolidating between the support area 1.2890/2900 and the resistance line 1. If the support area could be broken, traders will gain strong signal for the continuation of the trend and for sales. If the lines 2 and 3 could be broken, it will start the next recoil upwards.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/05
USDCAD
On the 4-hour chart:
The testing of the support level 0.9941, which started at the end of the previous week, continues until now. The nearest resistance lies at the level 0.9963. The moving averages are showing the end of ascending tendency and preparing to provide a bearish signal.
On the 1-hour chart:
During the last three trading days, the pair formed the descending trend channel between the lines 1 and 2. The price, which is testing the support level 0.9941, got close to the resistance line 1. The moving averages are showing clear descending tendency.
On the 15-minute chart:
During the Asian session, the pair was consolidating near the support level 0.9941. On the last hours, the price grew to the resistance line 1 backed by the level 0.9953. In case of piercing of the level 0.9941, traders will start to sell.
By MasterForex Company