Daily Forex market overviews by MasterForex

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TREND ANALYSIS OF THE USDCAD FOR 12/07/27

USDCAD

On the 4-hour chart:

The falling, which started on Wednesday by rebound from the resistance 1.0221/32, discarded the pair to the previous low at 1.0072. The price confirmed the level 1.0100 as a support. The moving averages have given the bearish signal confirming the downward tendency.

On the 1-hour chart:

The pair is fluctuating in flat between the levels 1.0010 and 1.0072. The price is trying to hold above the resistance line of the descending trend 1 now. The moving averages on this timeframe continue to show the intensive downward tendency.

On the 15-minute chart:

The pair pierced the line 1, which was backed by the level 1.0084, and it is getting close to the resistance 1.0100. The next resistance lies at 1.0120. The piercing of the support level 1.0072 would be a strong signal of the descending trend resumption. Recommendation: wait for the piercing and sell.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/07/27

AUDUSD

On the 4-hour chart:

The three-day rally let the pair to return all the lost during the previous falling. After the short testing, the resistance line 1 was broken through. It is important to mention, that the price reached the previous high at the level 1.0427.

On the 1-hour chart:

The pair is growing within the ascending trend between the lines 1 and 2. The technical correction ended by the piercing of the resistance line 3. During the Asian session, the price was fluctuating between the lines 1 and 4. The level 1.0427 is under testing now.

On the 15-minute chart:

The pair rebounded from the resistance line 1 and started the correction towards the support line 2. The levels 1.0427 could be confirmed as a support. The nearest key resistance lies at 1.0465. Recommendation: open the long positions in case of foothold of the pair above the 1.0427.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/07/27

USDJPY

On the 4-hour chart:

The pair continues to fluctuate in flat between the levels 78.29 and 78.03. The dynamics of the current week could be a correction of descending trend between the lines 1 and 2, which started three weeks ago. The moving averages are changing the direction to horizontal.

On the 1-hour chart:

The resistance level 78.29 has been pierced after the long testing. The pair is trying to foothold above it now. In addition, the price is getting close to the resistance line 1. The moving averages are confirming flat. The lines 2 and 3 have clamped the dynamics of the pair during the last day.

On the 15-minute chart:

The pair is growth within the trend, clamped by the support line 1 from the bottom and resistance line 2 from the top. The piercing of the level 78.29 opened the way to the resistance area 78.39/45. Recommendation: wait for the more significant trend dynamics.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/07/27

USDCHF

On the 4-hour chart:

The pair rebounded from the resistance level 0.9905 and broken the support level 0.9878 after small correction. After that the price decreased to the support level 0.9763. The correction remains at the moment between the support level and the resistance level 0.9787. The Moving Averages prepare to give the downward trend signal.

On the 1-hour chart:

The pair reached the support level 0.9763 and started the flat dynamics at the second part of Thursday. The price moves between the support level and the level 0.9787. The Moving Averages show the downward trend.

On the 15-minute chart:

The pair fluctuates in flat from the end of Thursday. The price approaches to the support level 0.9763. If the tendency could remain the downward trend will continue. In the case traders will start to open the short positions after the price will foothold below the level of the previous local high. If the support level could not be broken the price will increase higher the resistance level 0.9787. It will be the growing signal.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/07/27

GBPUSD

On the 4-hour chart:

The pair rebounded from the support level 1.5475 and increased to the point of the cross of the level 1.5725 and the line 1. The pair corrected to the level 1.5663 and continued the growth. The Moving Averages gave the upward trend signal.

On the 1-hour chart:

The pair corrects after the line 1 had been reached. If had been formed the lines 2 and 3. The pair fluctuates between the levels 1.5663 and 1.5703 to the moment. The Moving Averages show the slowdown of the growth.

On the 15-minute chart:

The pair fluctuates in flat between the levels 1.5703 and 1.5663. The pair rebounded from the support level and moves in the direction of the trend. If the tendency could remain previous local high will be broken. It will be a signal for purchases. If the pair could break through the support level it will start the decrease.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/07/27

EURUSD

On the 4-hour chart:

The pair increased sharply to the level 1.2333 on the second part of Thursday. After that the correction had started. The price places near the level 1.2285 at the moment. The Moving Averages prepare to give the bullish signal.

On the 1-hour chart:

The pair started the day with the flat between the levels 1.2265 and 1.2285. After that the resistance level had been broken and the pair continued to increase. The Moving Averages show the upward trend.

On the 15-minute chart:

The pair fluctuates in flat between the levels 1.2265 and 1.2299 from the second part of Thursday. If the dynamics could remain it will be broken previous local high. The break through the support level could be determined as a selling signal.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/07/30

USDCHF

On the 4-hour chart:

The pair rebounded upwards from the level 0.9787 after the sharp decrease to the level 0.9715. The price fluctuates in flat between the resistance level and the support level 0.9763 at the moment. It had been formed the lines 1 and 2 during the decrease. The Moving Averages gave the signal of the downward trend.

On the 1-hour chart:

The pair rebounded from the point of the cross of the lines 1 and 2 and the level 0.9715 at the end of Friday. The price recoiled from the resistance level 0.9787 and started to correct in the direction of the level 0.9763 to the moment. The Moving Averages show the slowdown of the decrease.

On the 15-minute chart:

The pair fluctuates in the upward channel between the lines 1 and 2. If the tendency could remain it will be broken the resistance level 0.9787 and the growth could continue. If it could be the rebound from the resistance level and the pair could break the support level traders will reach the firs signal of the downward trend.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/07/30

GBPUSD

On the 4-hour chart:

The pair reached the resistance line 1and rebounded from it. The new week opened with the decrease. The pair reached the support level 1.5705. The Moving Averages show the upward tendency.

On the 1-hour chart:

The pair started the week with the decrease. As a result, it had been formed the resistance line 1. The pair decreased below the support level 1.5705 that it the first signal of the upward trend reverse. The Moving Averages show the slowdown of the growth.

On the 15-minute chart:

The pair started the day with the rebound from the resistance line1. It had been formed the channel between the lines 2 and 3. The pair broke the support level 1.5705 that was the first signal of the reverse in the downward direction. If the tendency cold remain it will be formed the downward directed tendency. If the support level 1.2265 could be broken, traders will reach the second signal for the decrease. The break through the line 1 will mean the slowdown of the decrease. As a result it will be a reverse in the upward direction.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/07/30

EURUSD

On the 4-hour chart:

The pair remains to move in the direction of the downward trend after the correction to the level 1.2365. The price approaches to the local low 1.2240, the break through the level will be the first signal of the trend remaining. The second signal will be a break through the support line of the correction 3. The Moving Averages gave the bullish signal.

On the 1-hourchart:

The pair started the day with the decrease. The price approaches to the support level 1.2365. It had been formed the resistance line 1 during the downward dynamics. The Moving Averages show the approach of the reverse in the downward direction.

On the 15-minute chart:

The pair fluctuates in the downward channel between the lines 1 and 2. If the tendency could remain the pair will break the support line 3 and the level 1.2240 that will be a strong signal for sales. If the price could rebound from the level or from the support line the decrease will be replaced by the growth. The break through the resistance level 1.2370 will be a signal for the growth.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/07/30

USDCAD

On the 4-hour chart:

The pair continues the falling along the resistance line 1. The key support level 1.0072 has been pierced. The price recorded the two-month low at 1.0033. The bottom border of the of the middle-term descending trend 2 is acting as a closest support.

On the 1-hour chart:

The resistance line 1 and support line 2 are the borders of the short-term downward trend. After recording of the low at 1.0033, the pair stated the correction, confirmed by the dynamics of the moving averages.

On the 15-minute chart:

The lines 1 and 2 restrict the correction dynamics of the pair. Herewith, the pair is getting close to the resistance 3. The nearest support level lies at 1.0033, the resistance – at 1.0072. Recommendation: close the position and wait for the rebound from resistance line 3.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/07/30

AUDUSD

On the 4-hour chart:

The pair is operating within the ascending trend between the support line 1 and resistance line 2. Pierced the key resistance at 1.0427, the price started to test the level 1.0465. The pair recorded the 4-month high at 1.0486. In addition, it is important to mention, that the top border of the channel – the line 2 has been reached.

On the 1-hour chart:

During the growth, the pair formed the support line 1, while the resistance line 2 has been restricting its dynamics from the top. Now the price is testing the line 3, which is backed by the level 1.0465. The moving averages are confirming the intensive ascending trend.

On the 15-minute chart:

The pair was fluctuating in flat around the level 1.0465 during the Asian session. After reaching the support line 1, the resumption of the growth is likely. In addition, the influence of recently formed line 2 is possible. Recommendation: wait for one of the lines will be broken through and then open the respective position.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/07/30

USDJPY

On the 4-hour chart:

The Friday’s rally helped the pair to reach the bottom of the resistance area 78.64/72, but it could not foothold there. After rebound, the pair started the decline, which resumed with the opening of this week trading. The moving averages confirm the flat.

On the 1-hour chart:

During the decline, the pair returned to the previous diapason between the lines 1 and 2. Now the price is testing the support line 3, herewith trying to hold above the level 78.39. The moving averages have changed the direction to the horizontal.

On the 15-minute chart:

The pair was declining within the descending channel between the lines 1 and 2 during the Asian session. The price founded the support at the level 78.35 and turned to flat, which is restricted from the top by resistance level 78.39. Recommendation: wait for the piercing of support 78.35 and resume the selling.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/07/31

USDCAD

On the 4-hour chart:

The pair has been clamped by the resistance line 1 and support line 2 since the last Thursday. However, reached the support line of the middle-term descending trend, the pair mentioned the beginning of the correction by piercing the line 1. The nearest support level lies at 0.9999.

On the 1-hour chart:

The pair pierced the line 1 and started the growth. On the way of the pair lies the level 1.0033, that requires confirmation. Despite the confident bearish bias of the moving averages, the beginning of the bullish dynamics within the correction of descending trend is likely.

On the 15-minute chart:

The pair started to test the resistance level 1.0014. The nearest support lies at 1.0004. The turn to flat between the mentioned levels is possible. Recommendation: refrain from the trading until the clear tendency will be formed.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/07/31

AUDUSD

On the 4-hour chart:

The pair left the borders of the ascending trend, updating the 4-month high by the value of 1.0537. The price is clearly growing within the channel, clamped by the support 1 and resistance 2. The moving averages confirm the intensive bullish dynamics. The closest resistance lies at the level 1.0536.

On the 1-hour chart:

The rebound from the resistance level 1.0536 was the beginning of technical correction. Herewith the pair got close to the intersection of the support line 1 and the line 2, which could also be confirmed as a support.

On the 15-minute chart:

The pair has reached the support line 1 and level 1.0504. However, the resistance line 2, which was formed at the last few hours, can force the pair to left the upward channel. Recommendation: wait for the piercing of one of the lines will be confirmed and trade in the respective direction.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/07/31

USDJPY

On the 4-hour chart:

The pair finished the decline with no reaching the key level 78.03, but found the support at 78.11. The pair is demonstrating the moderate bullish dynamics from the beginning of the day. The moving averages confirm the large flat. The pair got close to the descending trend line 1.

On the 1-hour chart:

The lines 1 and 2 have been formed during the growth at the Asian session. The pair pierced the resistance level 79.19 and opened the way to the line 3. The moving averages, which gave a bearish signal, are changing direction to the side of continuing bullish dynamics.

On the 15-minute chart:

The pair reached the top border of the intraday ascending channel, herewith got close to the resistance line 1. The price possibly would rebound from the channel border and fall to the support line 2. In this case, it is recommended to open the long positions only after the line 1will be pierced.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/07/31

USDCHF

On the 4-hour chart:

The pair started the week with the rebound from the support level 0.9715 and continued the upward dynamics. The price reversed downwards and continued the decrease along the resistance line 1 after the resistance level 0.9810 had been reached. The Moving Averages show downward trend.

On the 1-hour chart:

The pair rebounded from the resistance level 0.9810 in the second part of Monday and continued downward dynamics along the line 1. The support line 2 had been formed during the decrease. The Moving Averages show the remaining of the downward tendency.

On the 15-minute chart:

The pair started the day inside the channel between the lines 1 and 2. The price increased to the resistance line 2 after the rebound from the point of the cross of the support lines 1 and 3. If the support line 3 could be broken, the decrease will continue. In the case traders will start to open short positions. If the resistance line 2 could be broken, traders will start purchases from the level 0.9810.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/07/31

GBPUSD

On the 4-hour chart:

The pair started the week with the rebound from the resistance line 1.The support level 1.5687 had been reached during the decrease. After that the growth continued. As a result the support line 2 had been formed. The price rebounded from the resistance level 1.5725 and started downward dynamics to the moment. If the line 2 could be broken, the pattern head-and-shoulders will be finished. The Moving Averages show the upward trend.

On the 1-hour chart:

The price started the day with the rebound from the support level 1.5705. The pair reversed and decreased to the support level after the recoil from the resistance level 1.5725. The Moving Averages show the flat character of the dynamics.

On the 15-minute chart:

The pair broken the support line 1 and formed the resistance line 2 after the rebound from the level 1.5725. The price places between the lines 2 and 3 to the moment. If the resistance line 2 could be broken, the price will remain to increase. The resistance line 1 on the 4-hour chart will be chosen as a target. If the support line could be broken, traders will start to open short positions from the level 1.5675.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/07/31

EURUSD

On the 4-hour chart:

The pair decreased to the level 1.2240 during the downward recoil after the sharp increase. After that upward dynamics in the direction of the resistance line 3 of the downward channel continued. The price increased along the support line 1. The price formed the resistance line 2 at the moment. The Moving Averages show the flat character of the dynamics.

On the 1-hour chart:

The pair opened the week with the decrease and reached the support level 1.2240 in the second part of Monday. After that it was a rebound and the resistance line 1 had been broken. Later the upward channel between the lines 2 and 3 had been formed. The price decreased below the support line 2 and formed the resistance line 4 to the moment. The price decreased to the support line 5. The Moving Averages show flat character of the dynamics.

On the 15-minute chart:

The pair started the day between the lines 1 and 2. The price reversed and broken the support line 1 after the level 1.2286 had been reached. The decreased had been restricted by the support line 3. The resistance line 4 had been formed ad well. The growth will continue if the line could be broken. In the case traders will reach the resistance line 3 on the 4-hour chart or the level 1.2359 as a target. If the support line 3 could be broken, the decrease will continue. In the case the middle-term downward trend will continue.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/08/01

USDCHF

On the 4-hour chart:

The pair remains the downward dynamics between the resistance line 1 and the support line 2. The support line of the correction 3 had been broken. The price remained the trend dynamics in the direction of the support line 4 after the resistance line 1 had been reached. The Moving Averages show the downward trend.

On the 1-hour chart:

The pair started the day in the correction. The price rebounded from the resistance line 1 in the point of the cross with the level 0.9775. After that trend dynamics in the direction of the support line 2 continued. The Moving Averages show downward dynamics.

On the 15-minute chart:

The pair started to decrease and formed the resistance line 2 after the decrease from the line 1. If the tendency could remain the pair will reach the support line 3. In the case traders will start to open the short positions. If the resistance line2 could be broken the pair will start the movement in the direction of the resistance line 1. It will be necessary to wait the break through the line 1 in the case. It will be a reverse signal.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/08/01

GBPUSD

On the 4-hour chart:

The pair started the downward dynamics between the support line 2 and the resistance line 3 after the rebound from the resistance line 1. The support line 4 had been broken during the decrease. The pair rebounded from the support line 2 and started the growth to the moment. The Moving Averages show the slowdown of the bullish tendency.

On the 1-hour chart:

The pair started the day between the support line 2 and the resistance line 1. The support line 3 had been broken during the decrease. The price rebounded from the line 2 and started to the moment and started the growth in the direction of the resistance lines1 and 3. The Moving Averages show the downward tendency.

On the 15-minute chart:

The pair started the day with the decrease along the resistance line 1. The price rebounded upwards after the support line 2 had been reached. The pair moves in the direction of the lines 3 and 4 at the moment. If the tendency could remain the resistance line 3 will be broken. The pair would rebound from the resistance line 4. It will be a signal of the dynamics remaining. If the resistance line 4 could be broken the bullish tendency will form finally.