*Daily Forex market overviews by MasterForex.com* - page 28
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Trend analysis of the USDCAD for 12/11/26
USDCAD
On the 4-hour chart:
Flat between the resistance area 0.9979/86 and support level 0.9956 finished by piercing the later. After that, the pair lost about 40 pips more. The two-week low was recorded at 0.9913. The moving averages are showing the activation of bearish trend.
On the 1-hour chart:
The pair found a support at the level 0.9920 and now continues its testing. The moving averages are still showing the descending trend resumption.
On the 15-minute chart:
The pair recorded the session high at 0.9933. In case of piercing of support 0.9920, traders will continue to sell, while the piercing of the level 0.9933 will be a bullish signal.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/26
USDJPY
On the 4-hour chart:
The pair continued the forming of the descending trend between the resistance line 1 and support line 2. The nearest key support level lies at 81.38. The moving averages are showing the correction of middle-term ascending tendency.
On the 1-hour chart:
The pair is lowering within the short-term descending trend channel between the lines 1 and 2. The price pierced the support line 3 and now tries to gain a foothold below. The moving averages are showing the consolidation of pair.
On the 15-minute chart:
During the Asian session, the pair formed the intraday bearish channel by the lines 1 and 2. The price recoiled from the support lines 2 and 3 and then started the correction of bearish tendency. Piercing of the line 1 will be a bullish signal for traders.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/26
USDCHF
On the 4-hour chart:
The price reached a support level 0.9275 at the end of Friday. The break through the support line 3 had been a signal for the strengthening of the bearish tendency. The Moving Averages show the continuation of the decrease.
On the 1-hour chart:
The channel between the lines 2 and 3 had been formed after the break through the line 1. The correction between the support level and the resistance 0.9295 started after the break through the level 0.9275. The Moving Averages confirms a bearish trend.
On the 15-minute chart:
The price moves in the flat channel between the levels 0.9275 and 0.9295. The break through the resistance level will be a signal for the deepening of the correction. The break through the support level will be a signal for sales.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/26
AUDUSD
On the 4-hour chart:
The consolidation between the support line 1 and resistance line 2 finished by piercing of later and the growth by 80 pips to the resistance level 1.0468. The moving averages provided the confident bullish signal.
On the 1-hour chart:
The pair reached the resistance level 1.0468 and turned to flat. The intraday low was recorded at 1.0444. The price dynamics could be also affected by the resistance line 1. The moving averages are showing the correction of the ascending trend or its ending.
On the 15-minute chart:
The pair was moving within the channel between the lines 1 and 2 until found support at 1.0447. The second recoil from the level caused the piercing of the resistance line 1. In case of holding the results, traders can continue to bull the market.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/26
GBPUSD
On the 4-hour chart:
The price continues to move in a bearish channel between the lines 1 and 2. The pair reached the high border of the channel 2 and had broken the lines 4, 5 and 6. The decrease continued after the rebound from the level 1.6050. The Moving Averages show the slowdown of the growth.
On the 1-hour chart:
The decrease continued after the rebound from the level 1.6050. The price dropped to the support at the level 1.6015. The testing of the level is continuing. The Moving Averages show the slowdown of the growth.
On the 15-minute chart:
The resistance line 1 had been formed after the continuation of the decrease. The price is testing the support level 1.6015 at the moment. If the price could break the support and the line 2 players will start the sales. If the line 1 could be broken it will start the consolidation between a support level and the resistance line 2 on the 4-hour chart.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/26
EURUSD
On the 4-hour chart:
A bullish tendency is remaining. The pair reached weakly high at the level 1.2985. After that it had been small recoil and upward dynamics continued. The Moving Averages confirm the growth.
On the 1-hour chart:
The pair moves in a bullish channel between the lines 1 and 2. The level 1.2900 and 1.2950 had been broken earlier. The price continued trend dynamics after short correction. The Moving Averages confirm a bullish trend.
On the 15-minute chart:
The price rebounded downwards from the level 1.2975. If the decrease could continue and the level 1.2950 could be broken players will gain the signal for the formation of the reverse downwards. The break through the support line 1 will be a confirmation for the reverse dynamics. If the level 1.2975 and 1.2985 could be broken, players will continue the purchases.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/27
USDCAD
On the 4-hour chart:
The pair continued to move within the middle-term descending trend channel between the resistance line 1 and support lie 2. After the recoil from the latter, the pair corrected to the resistance level 0.9956 and the trend movement resumed. The moving averages are confirming the bearish trend.
On the 1-hour chart:
After the recoil from the support level 0.9920 and the beginning of the week, the pair started the bearish trend correction. After the resuming the trend dynamics, the pair turned back to testing the support. The moving averages are showing the end of correction.
On the 15-minute chart:
During the Asian session, the pair was declining slowly to the level 0.9920. In the last hour, its testing begun. In case of piercing of support, traders will continue to bear the market.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/27
USDJPY
On the 4-hour chart:
The pair continued to move within the short-term descending trend channel between the resistance line 1 and support line 2. The correction finished by touching the line 1, which is under testing. The moving averages are showing the turnover of the middle-term bullish tendency.
On the 1-hour chart:
The pair was testing the support line 2 hardly, but recoiled and stared to grow. After reaching the resistance line 1, the price begun to test it. The nearest resistance level lies at 82.35. The moving averages are showing the consolidation.
On the 15-minute chart:
The pair pierced the level 82.18 and confirmed it as a support. At the end of Asian session, the price turned to flat. In case of piercing the level 82.18 downwards, spectaculars will continue to sell. Otherwise, the horizontal tendency will continue.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/27
USDCHF
On the 4-hour chart:
The resistance line 3 had been formed after the break through the support line of the downward channel 2. The price dropped to the support at the level 0.9275 and after that the consolidation between the support and the resistance level 0.9295. The Moving Averages confirm downward trend.
On the 1-hour chart:
The price rebounded from the support level 0.9265 and increased above the line 2. The price increases in the direction of the resistance level 0.9295 and the line 1. The Moving Averages show the remaining of the downward tendency.
On the 15-minute chart:
The price is growing in the direction of the resistance level 0.9295. The break through the level and the line 2 will be a signal for the reverse of the tendency upwards. The break through the levels 0.9275 and 0.9265 will be a signal for the sales.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/27
AUDUSD
On the 4-hour chart:
Since the beginning of the week, the pair was consolidating between the support line 1 and resistance line 2. The resistance level 1.0468 has been pierced and now pair tries to hold the ground. The moving averages are showing the confident bullish trend.
On the 1-hour chart:
The pair renewed the two-month high by the value of 1.0488 and started the correction of ascending trend aside the support line 1. The moving averages are showing the upward trend.
On the 15-minute chart:
At the end of Asian session, the pair started to rest the support line 1 within the correction of bullish trend. In case of recoil from the line, traders will gain a signal of the trend dynamics resumption. Otherwise, the turn to flat is possible.
By MasterForex Company