*Daily Forex market overviews by MasterForex.com* - page 26
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Trend analysis of the GBPUSD for 12/11/20
GBPUSD
On the 4-hour chart:
The pair is remaining to move in the downward channel between the lines 1 and 2 along the support line 3. The resistance level 1.5910 had been broken and that was a signal for the continuation of the correction. The Moving Averages show the reverse upwards.
On the 1-hour chart:
The pair moves in the channel between the lines 1 and 2. Moreover the price restricts by the support level 1.5895 and by the resistance level 1.5920. The Moving Averages show the approach for the correction. The Moving Averages show an upward dynamics.
On the 15-minute chart:
The pair moves in flat between the levels 1.5895 and 1.5920. The break through the support line 1 and the remaining of the dynamics in flat channel will be a confirmation for flat. The break through the support level will be a signal for sales. If the price could foothold above the resistance level players will gain the confirmation for the correction in the channel between the lines 1 and 2.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/20
EURUSD
On the 4-hour chart:
The dynamics places in a bearish trend channel between the lines 1 and 2. The price reached a point of the cross between the lines 2 and 3 and the level 1.2815. The trend line 2 had not been broken yet. The Moving Averages prepare to give a bearish signal.
On the 1-hour chart:
The price reached a resistance level 1.2815 in a point of the cross with the lines 2 and 3 at the second part of Monday. The price rebounded from the resistance level 1.2765 during the first hours of Tuesday. After that it started the consolidation between the trend line 2 and the support line 4. The Moving Averages show a bullish tendency.
On the 15-minute chart:
The pair places between the lines 1 and 2. The break through the trend line 2 will be a signal for the slowdown of the bearish tendency. If the price could foothold below the line 1, players will gain the first signals for sales.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/21
USDCAD
On the 4-hour chart:
The falling pair found a support at the level 0.9956 and started the bullish dynamics. The resistance line was pierced. The nearest resistance lies at 0.9986 and then at 1.0003. The moving averages are showing the consolidation.
On the 1-hour chart:
The pair formed the upward channel between the support line 1 and resistance line 2. Now the price is in the correction phase from the line 2 and level 0.9986. The moving averages are showing the turn of the pair to flat.
On the 15-minute chart:
The lines 1 and 2 are restricting the intraday correction channel. The pair is getting close to the support line 3, recoil from which can cause the resumption of buying. Before that, traders will keep the short positions opened.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/21
USDJPY
On the 4-hour chart:
The piercing of the top border of triangle 81.38 trigged to the bulls as a red rag – pair reached more than 50 pips for the last day. The price recorded a 7-month high at 81.96. The moving averages are showing the ascending trend continuation.
On the 1-hour chart:
After piercing of the level 81.38, the pair found a resistance at the line 2, which is under testing now. In addition, the level 81.76 has been pierced. The moving averages continued to show the bullish trend.
On the 15-minute chart:
The pair pierced the resistance line 1 and now tries to hold the ground. In case of confirmation the line as a support, traders will continue to buy. Otherwise, the consolidation is possible.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/21
USDCHF
On the 4-hour chart:
The dynamics in the upward channel between the lines 1 and 2 is remaining. The pair reached the cross of the support line 1 and level 0.9397 during the correction. After that it had been a rebound and the price increased to the cross of the high border of the correction channel 4 and the level 0.9445. The Moving Averages gave a bearish signal.
On the 1-hour chart:
The pair rebounded from the support level 0.9397 at the end of Tuesday and the price increased above the level 0.9445. After that the correction continued. The Moving Averages prepare to give a bullish signal, however the signal could not be reached in the case of the correction continuation.
On the 15-minute chart:
The price continues the correction dynamics at the moment. The break through the level 0.9428 will be a signal for the continuation of the correction. In the case it will be expected the decrease to the trend line 1. The break through the line 2 and through the levels 0.9445 and 0.9455 will be a signal for the continuation of the trend.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/21
AUDUSD
On the 4-hour chart:
The testing of the resistance line 1 finished by fail. After recoil, the pair lost more than 60 pips. Herewith the support area 1.0401/390 and level 1.0366 have been pierced. The moving averages are showing the consolidation.
On the 1-hour chart:
The lowering pair formed the channel of intraday descending trend by the resistance line 1 and support line 2. Now the price is correcting from the line 2 and level 1.0348. The moving averages provided the unconfident bearish signal.
On the 15-minute chart:
The pair confirmed the level 1.0348 as a support and started the correction of downward trend. Spectaculars will continue to sell in case of recoil from the resistance line 1. In case of piercing the resistance, traders can bull the market.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/21
GBPUSD
On the 4-hour chart:
The decrease in the downward channel between the lines 1 and 2 continued. The price increased to the level 1.5925 during the correction and rebounded downward with the break through the support line of the correction 3. The decrease slowed down near the level 1.5895. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The price had broken the support line of the correction 1 at the beginning of the day and reached the support level 1.5895. The Moving Averages show the formation of the reverse downwards.
On the 15-minute chart:
The price is recoiling above the level 1.5895 at the moment. If the price could foothold below the level players will gain the signal for the sales. The break through the level in the upward direction will be a signal for the formation of the flat tendency.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/21
EURUSD
On the 4-hour chart:
The price had continued a correction in the channel between the lines 1 and 2. The pair had moved out of the high border of the trend channel for a short time and continued to test the resistance level 1.2815. Intensive decrease had started after the arriving into the channel. As a result the support line of the correction had continued. Traders had gained the signal for the continuation. The Moving Averages prepare to give a bearish signal.
On the 1-hour chart:
The price rebounded from the resistance level 1.2815 at the beginning of the day and dropped below the level 1.2765 after that. The support line 3 had been broken as a result. The price moves in the direction of the support line 4. The Moving Averages prepare to give a signal for a downward tendency.
On the 15-minute chart:
The price confirmed the level 1.2765 and continued in the direction of the support line 4 on the 1-hour chart. In the case of the break through the support line players will continue a confident sales. The signal for the slowdown will be a break through the level 1.2765.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/22
USDCAD
On the 4-hour chart:
The pair dynamics restricted by the resistance line 1 for the second week. During the last days, the price is demonstrating the flat dynamics between the support levels 0.9956 and resistance 0.9986. The moving averages are showing the weak bearish tendency.
On the 1-hour chart:
After recoil from the resistance 0.9986, the pair pierced the line 1 and support level 0.9969. The nearest support lies in the area 0.9956/53. The moving averages are showing the correction of descending tendency.
On the 15-minute chart:
During the Asian session, the pair is fluctuating in flat between the levels 0.9963 and 0.9956. The piercing of the corridor borders will be a signal of forming tendency.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/22
USDJPY
On the 4-hour chart:
The pair was growing until met the resistance in the area 82.53/66, which is under testing at the moment. The 7-month high was renewed by value of 82.58. The nearest key support lies at 81.38. The moving averages continue to show the intensive bullish trend.
On the 1-hour chart:
The pair is fluctuating in flat between the resistance level 82.53 and support level 82.35. The price can found a support on the line 1. The moving averages are showing the correction of ascending trend.
On the 15-minute chart:
During the Asian session, the pair continued the horizontal dynamics in the corridor mentioned above. In case of piercing the resistance, traders can continue to buy. The piercing of the support will show the deepening of the correction of ascending trend.
By MasterForex Company