*Daily Forex market overviews by MasterForex.com* - page 25
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Trend analysis of the USDCAD for 12/11/19
USDCAD
On the 4-hour chart:
The pair continued to move within the descending trend channel between the resistance line 1 and support line 2. The price is testing the support level 1.0003. The moving averages are showing the ending of middle-term bullish tendency.
On the 1-hour chart:
The pair pierced the support level 1.0003 and now tries to gain a foothold below. The nearest support lies at the level 0.9986. In addition, the price dynamics is restricted by the lines 1 and 2. The moving averages are showing the moderate bearish trend.
On the 15-minute chart:
Now the pair operates below the level 1.0003. In case of holding the price there, it will be possible to talk about the descending trend saving. Traders can resume to bear the market with aim at the support line 1.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/19
USDJPY
On the 4-hour chart:
At the end of previous week, the pair confirmed the resistance level 81.38 by recoil. The price herewith recorded a high at 81.58 but fell sharply. The moving averages continue to show the intensive ascending trend.
On the 1-hour chart:
The price continued to move within the ascending channel between the support line 1 and resistance line 2. The price finished the ascending trend correction by rebound from the line 1 and resumed the growth. The moving averages are showing the slowdown of upward tendency.
On the 15-minute chart:
The pair recoiled from the support line 2 and started to grow. The nearest resistance lies in the area 81.38/49. In case of its piercing, the price will open a way to the resistance line 2. Otherwise, the flat will continue.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/19
USDCHF
On the 4-hour chart:
The pair remains to correct in the upward channel between the lines 1 and 2. The resistance line 3 had been formed at the end of Friday. The Moving Averages show the formation of the dynamics.
On the 1-hour chart:
The decrease continued after the rebound from the resistance level 0.9480. As a result, the price dropped to the level 0.9440. The further dynamics continued in the channel between the support level and the resistance level 0.9455. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The price places between the levels 0.9440 and 0.9445. The foothold of the price below the level 0.9440 will be a signal for the continuation of the correction. If the resistance level could be broken, players will gain the first signals for the continuation of the trend.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/19
GBPUSD
On the 4-hour chart:
The dynamics in the bearish trend between the lines 1 and 2 is remaining. The pair increased to the cross of the level 1.5910 and the resistance line 2 during the correction. The Moving Averages show the remaining of a bearish trend.
On the 1-hour chart:
The price places in the channel between the lines 2 and 3 at the moment. The pair dropped to the support line 1 and after that the growth continued. The pair reached the cross of the lines 3 and 4 on Monday and the dynamics reversed after that.
On the 15-minute chart:
The price places between the lines 2 and 3. After that the dynamics will develop in the direction of the break through. If the price could foothold above the line 3, the dynamics in the channel between the lines 2 and 3 on the 1-hour chart will remain. The break through the support line will be the first signal for the continuation of a bearish trend.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/19
EURUSD
On the 4-hour chart:
The dynamics in a bearish channel between the lines 1 and 2 is remaining. The pair broke a support line of the correction to the level 1.2720 at the end of the previous week. After that an upward dynamics had continued. The Moving Averages show the formation of a flat.
On the 1-hour chart:
The pair dropped to the support level 1.2725 at the end of Friday and rebounded upwards. After that it had been formed a support line 3. The resistance line 4 had been formed during the correction. As well, it had been formed the support line of the present tendency 5. The price approaches to the previous local high. The moving Averages gave a bullish signal.
On the 15-minute chart:
The pair increases in the direction of the previous local high level 1.2780. The correction will continue in the case of the break through the support level of the correction. The line 2 on the 4-hour chart will be a landmark for traders. The rebound from the resistance level will be the first signal for the continuation of the trend.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/19
AUDUSD
On the 4-hour chart:
At the end of the last week, the pair finally confirmed the area 1.0321/08 as a support and started to grow. On this week, the price started to test the resistance level 1.0366. The moving averages are showing the end of descending tendency.
On the 1-hour chart:
On Friday, the pair finished the flat between the resistance level 1.0348 and support area 1.0321/08, pierced the resistance line 1. Now the price is testing the level 1.0366. The moving averages are preparing to provide a bullish signal.
On the 15-minute chart:
The pair is trying to gain a foothold above the level 1.0366 at the moment. In case of success, traders will continue to buy. Otherwise, the turn to long flat is possible.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/20
USDCAD
On the 4-hours chart:
The pair confirmed the resistance line 1 and piercing the support line 2 as well as the levels 1.0003 and 0.9986. The falling price found the support at the level 0.9963. The moving averages are preparing to provide a bearish signal.
On the 1-hour chart:
The lowering pair reached the support level 0.9953 and formed the resistance at 0.9969, which is under testing now. The next resistance lies at 0.9986. The moving averages are showing the slowdown of descending trend.
On the 15-minute chart:
The pair is fluctuating in flat corridor between the support level 0.9959 and resistance level 0.9969. The piercing of any border of the corridor will be a signal to open the position in the respective direction.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/20
USDJPY
On the 4-hour chart:
The pair confirmed the key resistance at the level 81.38 again. From the bottom, the price dynamics restricted by the support line 1, which forming started at the end of previous week. The moving averages are showing the slowing the ascending trend down.
On the 1-hour chart:
The pair continued the forming of the pattern “triangle” between the resistance level 81.38 and support level 1. The pair turned to the final quarter of the figure. The nearest support lies at the level 81.02. The moving averages are showing the flat.
On the 15-minute chart:
The pair turned to the final stage of the triangle. In case of piercing the resistance level, traders will expect the intensive growth. Otherwise, the turn to flat is possible.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/20
USDCHF
On the 4-hour chart:
The dynamics in the upward channel between the lines 1 and 2 will continue. The rebound from the cross of the trend line 1 and the level 0.9400 had been earlier. The Moving Averages gave a bearish signal.
On the 1-hour chart:
The consolidation between the trend line 1 and the resistance line 3 is remaining. The pair rebounded from the support level 0.9397 and reached the resistance level 0.9428. The Moving Averages show the downward tendency.
On the 15-minute chart:
The pair is testing the resistance line of the correction 2 at the moment. The breakthrough will be a signal for the end of the correction and players will start the purchases. If the pair could decrease below the trend line 1 it will be a slowdown of the bullish trend.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/20
AUDUSD
On the 4-hour chart:
At the beginning of the week, the pair demonstrated the sharply growth, pierced herewith the resistance area 1.0390/401. After that, the price reached the resistance line 1, where consolidated. The moving averages are preparing to provide a bullish signal.
On the 1-hour chart:
The pair is fluctuating in flat between the resistance level 1.0418 and the support 1.0401. The next resistance lies at 1.0438. The moving averages are showing the slowdown of the bullish trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating a flat between the levels 1.0418 and 1.0401. In addition, it is important to mention the forming of the support line 1. Spectaculars will continue trading after piercing of the current flat corridor.
By MasterForex Company