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TREND ANALYSIS OF THE USDCHF FOR 12/09/24
USDCHF
On the 4-hour chart:
The pair continued the growth, which started on Friday. Now the resistance level 0.9366 is under testing. The line 1 has been pierced again. The nearest support level lies at 0.9295. The moving averages are showing the flat character of dynamics.
On the 1-hour chart:
Since the middle of Friday, the pair was demonstrating predominantly bullish dynamics; herewith its volatility is high. The next resistance level after 0.9366 lies at 0.9384. The moving averages area showing the resumption of ascending trend.
On the 15-minute chart:
The pair is moving within the large ascending trend channel between the lines 1 and 2. The price started the recoil from the resistance line 2. Recommendation: close the long positions and wait for the beginning of correction.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/09/24
GBPUSD
On the 4-hour chart:
The pair pierced the support line of ascending trend channel 1 and lowered to the support level 1.6175. After that, the price recoiled upwards to the level 1.6305, which caused the forming of the resistance line 2. Now the pair is moving towards the support level 1.6175. The moving averages are showing the slowdown of the bullish tendency.
On the 1-hour chart:
In the second part of Friday, the support line 1 was pierced and the price lowered to the level 1.6200. Then the pair grew above the level 1.6230, turned downwards and formed the resistance line 2. The moving averages are preparing to provide a bearish signal.
On the 15-minute chart:
After the forming of the resistance line 1, the price started the intensive falling. The descending tendency will continue in case of holding of the pair below the support level 1.6190. Otherwise, the line 1 will be pierced and falling will finish.
By MasterForex Company
TREND ANALYSIS OF THE EURUSD FOR 12/09/24
EURUSD
On the 4-hour chart:
The pair continues to move in descending channel between the support line 1 and resistance line 2. In the second half of Friday, the price fell to the level 1.2940 and rebounded from it above the resistance line. Then the pair lowered to the support level. The moving averages are showing the turnover of the trend.
On the 1-hour chart:
After the volatility growth in the second half of Friday, the local high at 1.3035 was formed. After that, the price lowered below the lines 1 and 3, declined herewith to the level of the previous local low. Now the pair is growing after the rebound from the support level 1.2940. The moving averages are showing the bearish trend saving.
On the 15-minute chart:
Now the pair shows the consolidation near the previous local high. In case of piercing of the level, the trend will continue. Herewith the aim will be the support line 3 on the 4-hour chart. Otherwise the resistance line will be pierced, which will cause the large flat forming.
By MasterForex Company
TREND ANALYSIS OF THE USDCAD FOR 12/09/25
USDCAD
On the 4-hour chart:
The pair was growing since the end of previous week, until met the resistance at the level of previous local low 0.9810. After the recoil from the level, the price showed a short decline and turned to flat. The moving averages have given the belated bullish signal.
On the 1-hour chart:
After rebound from the resistance level 0.9810, the pair fell to the support level 0.9781. The current week dynamics could be characterized as a large flat, which is confirmed by the moving averages.
On the 15-minute chart:
The pair rebounded from the level 0.9781, but reached the line 1, resumed the decline. The price continued the testing of 0.9781 at the moment. Recommendation: wait for outcome and open the positions aside the following dynamics.
By MasterForex Company
TREND ANALYSIS OF THE AUDUSD FOR 12/09/25
AUDUSD
On the 4-hour chart:
The pair was lowering after the recoil from the resistance 1.0505, until met the support 1.0388. The price grew above the level 1.0418 after rebound. The moving averages are showing the flat character of the last week dynamics.
On the 1-hour chart:
The pair is growing within the ascending trend channel between the lines 1 and 2 since Monday. The price reached the support line 1, finished the correction period. The pair started to recoil from the support. The moving averages are showing the turnover of descending tendency.
On the 15-minute chart:
During the Asian session, the pair confirmed the level 1.0418 as a support then grew until the resistance line 1 and corrected to the support line 2 after another rebound. Recommendation: open the long positions.
By MasterForex Company
TREND ANALYSIS OF THE USDJPY FOR 12/09/25
USDJPY
On the 4-hour chart:
The pair continues the decline started in the middle of the previous week. The level 77.91 has been pierced. The price got close to the support 77.73 and line 1. The moving averages gave a bearish signal on Friday and continue to show the intensive descending trend.
On the 1-hour chart:
The pair still declines within the ascending trend channel between the lines 1 and 2. The price reached the bottom border of the channel. The beginning of correction dynamics is possible. The moving averages save a clear bearish bias.
On the 15-minute chart:
During the American and Asian session, the pair was lowering in general near the bottom of descending channel between the support line 1 and resistance line 2. The price touched the support again. Recommendation: keep the short positions opened.
By MasterForex Company
TREND ANALYSIS OF THE USDCHF FOR 12/09/25
USDCHF
On the 4-hour chart:
Growing tendency, which started after the rebound from the support level 0.9260, is remaining at the moment. Bullish dynamics restricts by the lines 1 and 2. The price increased above the resistance line 3 and confirmed the line as a support earlier. The Moving Averages show the approach of the final signal for bullish trend.
On the 1-hour chart:
The price rebounded from the resistance level 0.9381 and formed the resistance line of the channel 2 at the second part of Monday. After that it was a lowering to the level 0.9345 and the line 3 had been confirmed as a support. The growth continued after that, however previous local high level had not been broken. The Moving Averages show clear bullish trend.
On the 15-minute chart:
The price is moving in the direction of the previous local high level 0.9381. If the level could be broken bullish trend will continue. The next correction will be expected from the resistance line 2 in the case. If the level could not be broken the pair will continue the correction between the level 0.9345 and 0.9381.
By MasterForex Company
TREND ANALYSIS OF THE GBPUSD FOR 12/09/25
GBPUSD
On the 4-hour chart:
The price places between the level 1.6175 and 1.6260 at the moment. The pair had not broken the support level earlier and it reversed upwards. Thus the upward channel between the lines 1 and 2 had been formed. The Moving Averages show the remaining of the bullish trend.
On the 1-hour chart:
The price reached the support level 1.6190 and rebounded upwards at the second part of Monday. The support line of the upward channel 1 had been formed after that. The pair broke the resistance line 2 confidently after the rebound. The support line of the upward dynamics 3 had been broken during the growth. The Moving Averages prepare to give bullish signal.
On the 15-minute chart:
The pair places between the levels 1.6252 and 1.6260. If it could be a rebound from the resistance level it will be form the channel of the present tendency between the line 1 and 2. Traders will continue bullish trading in the case after the end of the correction. The rebound from the support line 1 will be the signal for this. If the resistance level could be broken and the growth could continue, traders will start to open long positions with the target near the line 2 on the 4-hour chart.
By MasterForex Company
TREND ANALYSIS OF THE EURUSD FOR 12/09/25
EURUSD
On the 4-hour chart:
The trend in the downward direction remains. The break through the level 1.2940 had been the nest confirmations for that. The level had been confirmed as a resistance after that. Moreover the channel between the lines 1 and 2 became clearer. The Moving Averages prepare to give final bearish signal.
On the 1-hour chart:
The price remains to move in the downward channel between the support line 1 and the resistance line 2. Previous local high level 1.2940 had been confirmed as a resistance at the beginning of the day. That was a good entering point for short position. The price places near the low border of the channel to the moment. According to this it will be expect the slowdown of the decrease. The Moving Averages confirm bearish trend.
On the 15-minute chart:
The pair tests the level 1.2900. If the level could be broken the dynamics in the downward direction will continue. However, it will be expect the slowdown of the decrease. If the price could remain to fluctuate above the level the correction will continue. If the case it will start the flat between the levels 1.2900 and 1.2940.
By MasterForex Company
TREND ANALYSIS OF THE USDCHF FOR 12/09/26
USDCHF
On the 4-hour chart:
The upward trend had been formed finally. The fluctuations restrict by the channel between the lines 1 and 2. Previous local high level 0.9381 had been broken. The Moving Averages gave bullish signal.
On the 1-hour chart:
The price rebounded from the support line of the upward channel 1 on Tuesday. The support line of the growing tendency 3 had been formed at the beginning of Wednesday. The levels 0.9380 and 0.9369 had been broken during the growth. The Moving Averages show bullish trend.
On the 15-minte chart:
The price is approaching to the resistance line 1 in the upward channel between the lines 2 and 3. If the price could rebound from the resistance line 1 it will be expected the correction to the support line of the upward channel 4. The correction could begin earlier considering the proximity of the resistance line 3.
By MasterForex Company