*Daily Forex market overviews by MasterForex.com* - page 17
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 USDCAD for 12/10/30
USDCAD
On the 4-hour chart:
The pair continued the growth, which started at the end of previous week. The price pierced the resistance level 1.0003 and now tries to hold the ground. It is too early to talk about the clear support line. The moving averages are showing the intensive growth.
On the 1-hour chart:
After the recoil from the resistance line 2, the pair started the testing of the support line 1 and the level 1.0003. In case of confirmation of the supports, the price will continue the growth within the channel. The moving averages are showing the correction of bullish trend.
On the 15-minute chart:
The pair pierced the support line 1 and started to test the line 2 during the correction. The price resumed the growth after recoil from the support. Spectaculars will keep the long positions opened with aim at the previous local high level 1.0017.
By MasterForex Company
Trend analysis of the USDCHF for 12/10/31
USDCHF
On the 4-hour chart:
The price increased to the level 0.9370 during the increase between the lines 1 and 2. The decreased started after unsuccessful testing of the resistance; as a result, the line 1 had been formed. The Moving Averages prepare to give the bearish signal.
On the 1-hour chart:
The pair started the day with the testing of the support level 0.9315. The level had been broken to the middle of Wednesday and the resistance line 3 had been formed. The price moves in the direction of the support level 0.9295 to the moment. The Moving Averages show a bearish trend.
On the 15-minte chart:
The pair approaches to the support level 0.9295. If the level could be broken, traders will gain strong signal for sales. If the price could rebound upwards, traders will expect the continuation of the bullish dynamics. The break through the level 0.9340 and the line 2 will be signals for the growth.
By MasterForex Company
Trend analysis of the GBPUSD for 12/10/31
GBPUSD
On the 4-hour chart:
The dynamics in the channel between the lines 1 and 2 is remaining. The rebound upwards from the support level 1.6025 had been before; as a result the support line 5 had been formed. The price broken the resistance line 4 and increased above the level 1.6095. The Moving Averages show flat character of the dynamics.
On the 1-hour chart:
The price reached the resistance level 1.6085 at the second part of Tuesday. The breakthrough had been on Wednesday and the growth continued. The Moving Averages gave bullish signals.
On the 15-minute chart:
The pair places between the levels 1.6085 and 1.6115. If the resistance level and the line 2 on the 1-hour chart could be broken, traders will gain one more signal for the trend reverse in the upward direction. Trend dynamics will continue in the case of the rebound from the line 2 on the 1-hour chart or in the case of the break through the support level.
By MasterForex Company
Trend analysis of the EURUSD for 12/10/31
EURUSD
On the 4-hour chart:
The pair reached the support level 1.2890 during the bearish trend and the direction of the dynamics had changed. The trend line 2 had been broken and the price increased above the level 1.2975. The Moving Averages show strong slowdown of the bearish trend.
On the 1-hour chart:
The pair had broken the line 2 in the middle of Tuesday after that the price reached the level 1.2975. It had been recoil to the support level 1.2955 after the rebound from the resistance level. The support line 4 had been formed as well. The Moving Averages gave a bullish signal before the line 2 had been broken.
On the 15-minute chart:
It expects the foothold of the price above the level 1.2975. If the pair could hold above the level, traders will gain the second signal for the trend change. After that aggressive traders will start the purchases. Conservative players will wait for additional confirmation from the Moving Averages on the 4-hour chart.
By MasterForex Company
Trend analysis of the USDCAD for 12/10/31
USDCAD
On the 4-hour chart:
The pair continues to move within the large ascending channel between the lines 1 and 2. After recording the local high at 1.0018, the price turned downwards and started the correction of bullish trend. The moving averages are showing the intensive ascending tendency.
On the 1-hour chart:
Recoiled from the resistance line 2, the pair pierced the support 1 and the level 1.0003. The price started to test the level 0.9981 within the falling continuation. The moving averages are showing the turnover of the ascending trend of its deep correction.
On the 15-minute chart:
During the Asian session, the pairs dynamics was restricted by the line 1 from the top. In case of breaking the support level 0.9981, traders will start to sell. Otherwise, stabilization of the flat tendency between the levels 0.9981 and 1.0003 is likely.
By MasterForex Company
Trend analysis of the AUDUSD for 12/10/31
AUDUSD
On the 4-hour chart:
The pair continues the consolidation between the line 1 and the resistance level 1.0388. After the recoil from the support line, the price rushed to the resistance and started the testing. The moving averages herewith continue to show the weak bullish tendency.
On the 1-hour chart:
The pairs dynamics is restricted by the line 1 from the bottom and by the level 1.0388 from the top. Since the beginning of the week, the price is consolidating between the support line 2 and the resistance line 3. The level 1.0366 was confirmed as a support. The moving averages are showing the moderate ascending tendency.
On the 15-minute chart:
During the Asian session, the pair was fluctuating between the support line 1 and the level 1.0388. In case of piercing the resistance, the intensive growth is possible, which can cause the selling. Otherwise, the pair will probably turn to flat.
By MasterForex Company
Trend analysis of the USDJPY for 12/10/31
USDJPY
On the 4-hour chart:
The pair confirmed the line 2 as a support and formed the descending trend channel between the lines 1 and 2. Now the price is in the correction phase. The price got close to the resistance line 1. The moving averages are showing the consolidation.
On the 1-hour chart:
The pair is consolidating at the level 79.59 since the second half of Tuesday within the bearish trend correction. At the Asian session, the volatility of the price grew. The moving averages are showing the forming of the flat tendency.
On the 15-minute chart:
The pair, which is fluctuating along the level 79.59, is getting close to the resistance line 1. In case of piercing, the flat continuation is possible. If the price will recoil from the resistance, spectaculars continue to sell. The support lies at 79.34/30.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/01
USDCAD
On the 4-hour chart:
The pair continued the movement between the support line 1 and the resistance line 2, which are forming the ascending trend channel. The price is testing the resistance level 1.0003 intensively more than a day. The moving averages are showing the weakening of the bullish trend.
On the 1-hour chart:
The pair is consolidating between the level 1.0003 and the support line 1 since Tuesday. The testing of resistance continues. The moving averages have given the weak bullish signal and continued the unconfident ascending dynamics.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the support level 0.9983 and resistance level 1.0003. In case of holding of the price above the resistance, traders will start to buy. Otherwise, the flat will resume.
Trend analysis of the AUDUSD for 12/11/01
AUDUSD
On the 4-hour chart:
The pair continued the consolidation between the support line 1 and the resistance level 1.0388 by recoil from the later. The price fell to the support and will start the testing soon. The moving averages are still showing the weak ascending trend.
On the 1-hour chart:
The pair started the intensive testing of the support line 1, pierced herewith the level 1.0366. The nearest support lies at the level 1.0348. The moving averages are showing the forming of the descending tendency.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics. The price started to test the support line 1 for the third time a day. In case of its piercing the turn to long flat is possible. If the pair will rebound traders will receive the confident bullish signal.
By MasterForex Company
Trend analysis of the USDJPY for 12/11/01
USDJPY
On the 4-hour chart:
The yesterday growth continued, which caused the piercing of the levels 79.59 and 79.75. The price is getting close to the resistance at the level of previous local high 80.29. The moving averages are showing the forming of ascending tendency.
On the 1-hour chart:
The growing pair formed the ascending trend channel by the support line 1 and resistance line 2. Now the price operates within the correction of ascending trend. The moving averages have provided the bullish signal.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the bullish dynamics, but recoiled from the resistance line 1 and rushed to the support line 2. Traders can keep the short positions opened, until the price will reach the support. Then the trend movement resumption is expected.
By MasterForex Company