*Daily Forex market overviews by MasterForex.com* - page 21
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Trend analysis of the AUDUSD for 12/11/08
AUDUSD
On the 4-hour chart:
The pair continued to move within the middle-term ascending trend channel between the lines 1 and 2. After the recoil from the support line 1, backed by the level 1.0468, the price started the correction, which is confirmed by the moving averages’ dynamics.
On the 1-hour chart:
The forming of pattern “head and shoulders” turned to the final phase. Piercing of the bottom border of figure can cause the sharply falling. The nearest resistance lies at the level 1.0418. The moving averages are preparing to provide a bearish signal.
On the 15-minute chart:
During the Asian session, the pair is fluctuating between the lines 1 and 2, which are forming the shoulders of the mentioned figure. In case of piercing the support, traders will start to sell. Otherwise, the turn to flat is possible.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/08
GBPUSD
On the 4-hour chart:
The dynamics in the downward channel between the lines 1 and 2 is remaining. The pair corrected to the level 1.6035 and after that dropped to the level 1.5965. The price rebounded upwards and it started the growth along the line 4. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The price dropped below the line 2 at the second part of Wednesday. The further fluctuations placed between the line 2 and support level 1.5965. The pair approaches to the resistance line 3. The Moving Averages show strong slowdown of the decrease.
On the 15-minute chart:
The pair approaches to the resistance line 1. If the line could be broken, flat dynamics will continue. The break through the resistance level 1.6035 will be a signal for the deepening of the correction. If the price could rebound from the resistance line and could break through the support level, players will gain the signal for sales.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/08
EURUSD
On the 4-hour chart:
The pair moves in the bearish channel between the lines 1 and 2. The pair increased to the resistance level 1.2860 during the correction. After that trend dynamics continued. The break through the level 1.2777 was the signal for the continuation of the downward tendency. The Moving Averages confirm a bearish tendency.
On the 1-hour chart:
The pair rebounded from the cross of the resistance level 1.2870 in the middle of Wednesday and the line 3 and after that the trend continued. The pair dropped to the level 1.2750 to the end of the day. After that it started flat between the support level and the resistance 1.2775. The Moving Averages gave a signal for the continuation of the trend.
On the 15-minute chart:
The flat between the levels 1.2750 and 1.2772 is remaining at the moment. The pair approaches to the support of the channel. The break through the support level will be a signal for the continuation of the trend. Players should pay attention to the closeness of the support line 1 on the 1-hour chart. The break of the resistance will be a signal for the deepening of the correction.
By MasterForex Company
Trend analysis of the USDCAD for 12/11/09
USDCAD
On the 4-hour chart:
After the recoil from the support line 2, the pair started the sharply growth, pierced herewith the resistance line 1. There have been formed the support line 3 and resistance line 4. The price reached the key resistance level 1.0003.
On the 1-hour chart:
The price is growing within the ascending trend channel between the lines 1 and 2. Recoil from the resistance level 1.0003 caused the technical correction until the line 1. The moving averages are showing the ascending trend.
On the 15-minute chart:
The correction of upward trend was restricted by the support line 1. In case of piercing of the resistance level 1.0003, spectaculars will continue intensive buying. Otherwise, the turn to flat is possible.
By MasterForex Company
Trend analysis of the AUDUSD for 12/11/09
AUDUSD
On the 4-hour chart:
The channel of ascending trend correction was formed on this week by the resistance line 1 and support line 2. The price confirmed the lines 3 and 4 as a resistance. The moving averages confirm the correction of the upward trend.
On the 1-hour chart:
The pair is moving between the resistance line 1 and support line 2. After the correction until the line 1, the price mentioned the recoil. The key support lies on the level 1.0390. The moving averages are showing the horizontal tendency.
On the 15-minute chart:
During the Asian session, pair was demonstrating the bullish dynamics. The price finished the correction period of descending trend by recoil from the resistance line 1. In case of piercing the support level 1.0418, traders will start the active sales.
By MasterForex Company
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Trend analysis of the USDJPY for 12/11/09
USDJPY
On the 4-hour chart:
The pair continued lowering along the support 1. The lowering price pierced the support levels 79.75 and 79.59. The session low was recorded at 79.31. The moving averages provided the bearish signal.
On the 1-hour chart:
Yesterday the pair formed the resistance line 1, recoiled from which it reached the support line 2. Now the price is in the phase of technical correction of descending trend. The moving averages confirm the correction.
On the 15-minute chart:
Recoiled from the support area 79.34/30 pair was corrected until the level 79.59. In the second half of Asian session, the price turned to flat. Spectaculars will probably continue trading after the trend moving starts.
By MasterForex Company
Trend analysis of the USDCHF for 12/11/09
USDCHF
The bullish trend between the lines 1 and 2 is remaining now. The price rebounded from the resistance level 0.9475 earlier and the correction started. The pair decreased to the level 0.9430 and continued to grow. The Moving Averages show the slowdown of the bullish trend.
On the 1-hour chart:
The pair rebounded from the resistance level 0.9475 and started to correct in the second part of Thursday. Support line 4 had been broken at the first part of Friday and the pair dropped to the level 0.9430 and to the support line 5. After that upward dynamics continued. The Moving Averages show the remaining of the trend.
On the 15-minute chart:
The growth continued to the moment. The break through the level 0.9460 will be a signal for the continuation of the trend. If the pair could decrease below the level 0.9430 and the line 5, the correction will continue.
By MasterForex Company
Trend analysis of the GBPUSD for 12/11/09
GBPUSD
On the 4-hour chart:
The pair continues downward trend in the channel between the lines 1 and 2. The channel between the lines 4 and 5 had been formed after the break through the resistance line 3. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The support line 3 had been formed at the beginning of the day and the correction continued. The pair rebounded from the resistance level 1.6015, thus the resistance 2 had been formed. The price approaches to the cross of the lines 3 and 4. The Moving Averages gave a bullish signal.
On the 15-minute chart:
The price is testing the level 1.5990 at the moment. Traders will gain first signals for the continuation of the bearish trend in the case of the break through the level and the support line of the correction. If the resistance line 2 and the level 1.6015could be broken, players will gain the signal for the deepening of the correction.
By MasterForex Company
Trend analysis of the EURUSD for 12/11/09
EURUSD
On the 4-hour chart:
The dynamics in the bearish channel between the lines 1 and 2 remains. The price dropped to the cross of the support level 1.2730 and the lines 1 and 5 after the break through the level 1.2777. The Moving Averages show the continuation of the bearish trend.
On the 1-hour chart:
The price became clamped between the resistance level 1.2750 and the support line 5 to the end of Thursday. The pair grown to the level 1.2777 at the beginning of Friday and after that the decrease continued. The Moving Averages show the slowdown of the downward tendency.
On the 15-minute chart:
The pair moves in the channel between the levels 1.2730 and 1.2777. The support provides by the line 1 as well. The correction will deepen in the case of the break through the resistance level. If the price could break the level 1.2730 and the line 2, traders will gain the signal for the continuation of the bearish trend.
By MasterForex Company