*Daily Forex market overviews by MasterForex.com* - page 27
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Trend analysis of the USDCHF for 12/11/22
USDCHF
On the 4-hour chart:
The pair had broken the trend line of the bullish channel 1 and the level 0.9397. After that it had been reached the support level 0.9370. The break through the level and the line had been a signal for the reverse of the trend upwards. The Moving Averages confirm the reverse.
On the 1-hour chart:
The price broke the support at the level 0.9380 at the beginning of the day. After that it was recoil upwards from the support 0.9365 and the price infirmed the level 0.9380 as a resistance. The dynamics is placing in a flat channel at the moment. The Moving Averages signalize about bearish tendency.
On the 15-minute chart:
The pair moves in flat channel between the levels 0.9365 and 0.9380. The break through the resistance level will be a signal for the formation of the correction during a tendency between the lines 2 and 3 on the 1-hour chart. The break through the support level will be a signal for the continuation of the decrease.
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Trend analysis of the AUDUSD for 12/11/22
AUDUSD
On the 4-hour chart:
The pair is consolidating between the support line 1 and resistance line 2. After recoil from the support line 1, the price grew until the line 1 and level 1.0390. During the last hours, the pair mentioned the recoil from the resistance. The moving averages confirm the consolidation.
On the 1-hour chart:
After the end of the bearish dynamics between the lines 1 and 2, the pair started to grow. The resistance level 1.0366 has been pierced. After that, the price confirmed the resistance in the area 1.0390/401 backed by the line 3. The moving averages provided the bullish signal.
On the 15-minute chart:
The pair started the recoil from the resistance 1.0390. The clear channel of intraday bearish trend has not been formed yet. Traders will probably keep opened the short positions with aim at the support line 1.
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Trend analysis of the GBPUSD for 12/11/22
GBPUSD
On the 4-hour chart:
The correction dynamics in the channel between the lines 1 and 2 is remaining. The price reached the resistance level 1.5965. The Moving Averages gave a bullish signal.
On the 1-horu chart:
The pair rebounded from the resistance line 3 and dropped below the line 1 and the level 1.5965. As a result, it had been formed a between the lines 4 and 5. The Moving Averages show the remaining of the bullish trend.
On the 15-minute chart:
The price places between the levels 1.5965 and the level 1.5968. The break through the support level will be a signal for the beginning of the correction. The continuation of the dynamics in the side way channel will be a signal for flat. Moreover, the price restricts by the resistance lines 2 and 3.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/22
EURUSD
On the 4-hour chart:
The pair had broken trend line of the bearish channel between the lines 1 and 2 and increased to the resistance line 5. The break through the trend line and the level 1.2815 was a signal for the trend reverse upwards. The Moving Averages gave a bearish signal.
On the 1-hour chart:
The pair had broken the trend line 1 and the level 1.2815 in the middle of Wednesday. After that the pair increased above the level 1.2835 and the lines 3 and 5. However, it was recoil downwards later. The Moving Averages show the remaining of the upward tendency.
On the 15-minute chart:
The price places between the resistance line 1 and the level 1.2835. The break through the resistance line will be a signal for the continuation of the growth. If the price could drop below the support level players will gain the signal for the formation of the correction during the bullish trend.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/23
USDCAD
On the 4-hour chart:
The pair continued the flat between the support level 0.9956 and resistance level 0.9986. The moving averages finished the lowering and now showing the clear horizontal tendency.
On the 1-hour chart:
During the last day, the pair narrowed the corridor of horizontal fluctuations to the range between the levels 0.9969 and 0.9979. The moving averages are confirming the decline of activity.
On the 15-minute chart:
At the end of the Asian session, the pair demonstrated the lowering to the level 0.9969 and started to test it. In case of piercing, traders will wait for confirmation of forming the bearish tendency of the elder timeframes.
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Trend analysis of the USDJPY for 12/11/23
USDJPY
On the 4-hour chart:
The pair confirmed the resistance in the area 82.53/66 by the recoil, and then started the correction of ascending trend. The price pierced the support line 1 and now tries to gain a foothold below. The moving averages are confirming the moderate correction.
On the 1-hour chart:
The pair was correcting from the level 82.66 since the middle of Thursday. The clear bearish tendency of the last day now turned to correction. The price found a support at the mark 82.20. The moving averages are showing the deep correction of bullish trend of current week.
On the 15-minute chart:
The dynamics from the middle of Thursday formed the lines 1 and 2, which are the borders of bearish channel. The pair pierced the resistance line 1 at the end of Asian session. In case of holding of the price above the line, the turn to flat is possible.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/23
USDCHF
On the 4-hour chart:
The growth had remained after the break through the line 1. Moreover it had been broken the support line of the downward channel 3. And that was a signal for strengthening of the bearish tendency. The Moving Averages confirm the end of the reverse downwards.
On the 1-hour chart:
The price dropped to the level 0.9340 after the break through the support line of the bearish channel 2. The testing of the level had continued of Friday. However the level had not been broken till the present moment. The Moving Averages show a downward tendency.
On the 15-minute chart:
The price is recoiling now after unsuccessful testing of the support level 0.9340. If the price could break the resistance line 2, players will gain the signal for the slowdown of the decrease. The break through the support will be a signal for sales.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/23
AUDUSD
On the 4-hour chart:
The pair finished the consolidation between the support line 1 and resistance line 2 by piercing the later. The price is getting close to the previous local high at the mark 1.0416. The moving averages continue to show the horizontal tendency.
On the 1-hour chart:
The pair was fluctuating between the levels 1.0377 and 1.0390 until pierced a resistance. The price grew above the level 1.0401 and now tries to hold the ground. The nearest resistance lies at 1.0418/ The moving averages are showing the forming of the bullish tendency.
On the 15-minute chart:
During the Asian session, the pair formed the channel of intraday ascending trend between the lines 1 and 2. Traders will continue to bull the market until the pair operates within the channel.
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Trend analysis of the GBPUSD for 12/11/23
GBPUSD
On the 4-hour chart:
The pair is remaining to correct in the bearish channel between the lines 1 and 2. The correction restricts by the lines 3 and 4. The Moving Averages gave a bullish signal.
On the 1-hour chart:
The pair dropped to the support level 1.5925 in the second part of Thursday. After that it was the leap to the level 1.5695 and the next recoil downwards. The Moving Averages show the slowdown of the growth.
On the 15-minute chart:
The price is moving in the direction of the support line of the correction channel 1 at the moment. The break through the line will be the first reverse signal. The foothold below the level 1.5925 will be a signal for sales. The purchases will continue after the break through the level 1.5968.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/23
EURUSD
On the 4-hour chart:
The dynamics in the direction of the break through the line 2 is remaining. The price reached the level 1.2900 during the increase. The Moving Averages confirm a bullish trend.
On the 1-horu chart:
It had been formed a bullish channel between the lines 1 and 2 after the break through the line 3. The foothold above the line 4 and the break through the level 1.2870 was the signals for the confirmation of the growth. The Moving Averages signalizes about an upward tendency.
On the 15-minute chart:
The price is recoiling from the level 1.2900. The signals for the reverse downwards will be the breaks through the support line of the bullish channel 1 and through the level 1.2870. If the pair could increase above the resistance level players will start the purchases.
By MasterForex Company