Daily Forex market overviews by MasterForex

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/18


USDCAD

On the 4-hour chart:

The pair recorded the monthly low at 1.0191 at the beginning of this week trading. Then the rapid growth followed. The price returned to the diapason between the lines 1 and 2. The moving averages are showing the moderate descending tendency.

On the 1-hour chart:

The rapid growth caused the piercing of the several intermediate resistance levels: 1.0224, 1.0231 and 1.0240. The pair is getting close to the resistance line 1. The moving averages have sharply changed the direction to the downward. Let’s look through the situation in detail.

On the 15-minute chart:

At the beginning of the trading the descending tendency has begun, which was changed by the mixed dynamics. After that, abnormally rapid growth started. Recommendation: close the positions and wait for the stabile tendency.

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/18


USDCHF

On the 4-hour chart:

The pair remains the downward movement inside the corridor between the trend line 0 and the channel line 1. The Moving Averages show the presence of the decreasing trend. At the moment is had formed the correction dynamics. The pair had rebounded from the support level 0.9448.

On the 1-hour chart:

The pair had recoiled from the support level 0.9425 as the beginning of the day. As a result it had been formed the support line 1. The dynamics develops in the direction of the resistance line of the channel 2. The Moving Averages show the remaining of the decreasing trend. At the moment the pair corrects inside the channel between the support line 3 and the resistance line 4.

On the 15-minute chart:

The pair had recoiled from the support level 0.9425. After that is had been formed the support lines 1 and 2. And the resistance line 3. At the moment the pair places at the cross of the lines 3 and 4 and the resistance level 0.9500. If the resistance could be broken, the pair will gain the possibility to continue the growth to the trend line 0. The pair could rebound from the trend line with the high likelihood. However, if the price could not rebound from the trend line it will start the flat dynamics.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/18


GBPUSD

On the 4-hour chart:

The pair had reversed in the morning of Monday after the intensive growth at the end of previous week. The price had rebounded from the resistance level 1.5713; as a result, the trade channel had been formed finally. Thus, the pair trades between the trend line 0 and the channel line 1. The Moving Averages show the presence of the upward trend.

On the 1-hour chart:

The pair had rebounded from the resistance level 1.5713. After that it had started the correction dynamics. At the moment the prices between the support level 1.5618 and the resistance level 1.5713. The Moving Averages show the presence of the upward trend. It should be noted the formation of the correction. There is a possibility that the trend line will be reached.

On the 15-minute chart:

The pair had reversed after it had been reached the cross of the lines 1 and 2. The correction had started after the rebound. The price decreased lower the support level 1.5681 and it is decreasing now. If the decline could remain, the volatility will increase. The nearest support level is 1.5636. After that there is a level 1.5575 and the trend line 0. If the fluctuations could remain inside the borders of the correction channel, the pair will reach the trend line 0.

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/18


EURUSD

On the 4-hour chart:

The pair had remained the upward dynamics inside the corridor between the trend line 0 and the channel line 1. The Moving Averages show the strong bullish trend. The price had overcome the level of the previous local high 1.2641 on Friday. However, the dynamics of the pair on Monday shows the possibility of the foothold higher the level. As a result, all signals about trend remaining had been reached.

On the 1-hour chart:

The pair increases along the support line 1 in the direction of the channel line2. At the moment the price places between the support level 1.2664 and the resistance level 1.2759. The pair had started the correction after the gap between the closing price on Friday and the opening price on Monday. The Moving Averages show the presence of the upward trend.

On the 15-minute chart:

The pair had started the day with a gap. After that it had started the sharp growth to the level 1.2744. After the level had been reached, it had started the consolidation. If the resistance line 1 could be broken, the pair will gain one more possibility to test the resistance levels. If the support line 2 could be broken, the pair will decrease to the support line 3. In the case of the breakthrough of the line 3 the support will be provided by the trend line 0.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/19


AUDUSD

On the 4-hour chart:

The pair has left the ascending channel between the lines 1 and 2, confirming the line 2 as a support. It is too early to speak about the new trend line. The price has pierced the resistance level 1.0127 and tries to foothold above it.

On the 1-hour chart:

The dynamics of the pair is restricted from the bottom by the support line 1 and from the top – by the resistance line 2, which is under active testing now. The moving averages continue to show the strong ascending trend. The next key resistance could be found at 1.0217.

On the 15-minute chart:

The lines 1 and 2 are the borders of the short-term upward channel, which has been formed during the Asian session. The price is in the correction phase now. Recommendation: take a profit on the long positions and resume the trading after foothold of the price above the level 1.0135.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/19


USDJPY

On the 4-hour chart:

The falling pair has formed the channel by the lines 1 and 2. The nearest support could be found at 78.93, and then the area 78.72/64 is located. The moving averages are showing the moderate descending trend.

On the 1-hour chart:

The pair has been consolidated between the lines 1 and 2 until the support has been pierced. The price tries to foothold below the level 78.93 again. In case of success, the probability of the further decline would increase sharply.

On the 15-minute chart:

The pair has been declining within the channel between the lines 1 and 2. The rebound from the level 78.85 pushed the price to the level 79.13. After that, the slowly decrease along the line 3 begun. Pierced the support area 78.96/93, the pair continued the falling. The level 78.85 is under testing again. Recommendation: set the close-up stop loss and wait for the breaking through the support level. The line 4 could also affect the price dynamics.

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/19


USDCHF

On the 4-hour chart:

The corridor between the trend line 0 and the support line 1 was replaced, that was a signal of the slowdown. The price had rebounded from the support line 1 and had directed to the trend line 0. After that it was a rebound from the trend line and downward dynamics continued. The Moving Averages show the coincidence of the trend direction and the direction of present dynamics.

On the 1-hour chart:

The pair formed the support line 1 during the intensive growth of the previous day. The line had been broken later and was working as a resistance line. As well it was formed the support line 2 that had been broken at the end of the day. The price formed the support line 3 and the resistance line 4 today. The pair had broken the line 4 and approaches to the trend line now.

On the 15-minute chart:

The price had started the day inside the downward channel between the lines 1 and 2. However, the line 2 had been broken later and the pair had reached the trend line 0. After that it was a rebound and the price continued the trend dynamics. If the support level 0.9521 could be broken, it will be expected the formation of the flat of reverse.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/19


GBPUSD

On the 4-hour chart:

The pair had rebounded from the trend line 0 and had increased above the resistance level 1.5715. After that it was a rebound in the direction of the trend. The price had broken the resistance line 1 during increase. As well, it had been formed the channel line 2 after the rebound. The line 1 had been confirmed as a support. The pair consolidates between the resistance level and the support line 1. The Moving Averages show the presence of the upward trend.

On the 1-hour chart:

Yesterday decrease had been finished by the rebound from the support level 1.5636 in the point of the cross with the line 1. Also, the line 1 had been confirmed as a support. After that the price increased to the resistance level 1.5690. The Moving Averages show the remaining of the upward tendency, as well the indicators show the slowdown of the tendency. The price places at the support line 1 now.

On the 15-minute chart:

The pair remains the consolidation between the support line 1 and the resistance line 2. The price places near the line 1 now. If the price could remain inside the consolidation area, the likelihood of the growth will remain. If the support line could be broken, it will be expected the further decrease to the trend line 0 or flat.

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/19


EURUSD

On the 4-hour chart:

The pair had decreased by more than 150 pips after the sharp growth on Friday. The price broke the support line of the upward tendency. Within, the trend line 0 had been broken. But after that the pair arrived inside the trade channel. The Moving Averages checked the correction with the decline of the growing speed. At the moment the lines are upward directed. The price fluctuates along the trend line 0.

On the 1-hour chart:

The price was declining for the whole day excluding the first hour and last hours of the day on Monday. The support line of the upward tendency had been broken during the decrease. As well, the price lowered under the trend line. However, the pair arrived inside the trade channel today. The Moving Averages gave the bearish signal; however, it expects the opposite signal later. At the moment the price places near the resistance level 1.2610. As well, it c=should be noted the formation of the support line 3.

On the 15-minute chart:

The pair trades inside the upward corridor between the support line 1 and the resistance line 2 and higher the trend line 0. The price increased higher the level 1.2610. If the pair could remain inside the upward channel and could confirm the level 1.2610 as a support, the growth will remain. The level 1.2633 will be the first target and the level 1.2657 will be the second target. If the price will arrive under the trend line 0, the decrease will reach the possibility to continue.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/20

AUDUSD

On the 4-hour chart:

The pair continues the growth within the ascending trend, clamped by the lines 1 and 2. The nearest resistance level lies at 1.0217. The moving averages confirm the strong upward tendency. Let us recall that the pair recorded the 1.5-month high at 1.0200.

On the 1-hour chart:

The pair is testing the level 1.0196 intensively. The price touched the trend line 1. The moving averages confirm the stabile growth. The breaking through the resistance level would be a good sign to open the long position. In that case, the target would be 1.0260.

On the 15-minute chart:

The pair started to rebound from the trend line 1. The triangle has been formed on the chart clearly. Herewith, the moving averages consider the flat. Recommendation: wait for the piercing of the top border of the triangle 1.0196, after that open the long position.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/20


USDJPY

On the 4-hour chart:

The pair moves within the descending trend, clamped by the lines 1 and 2. The support level 78.86 is under testing now. The nearest support is the area 78.72/64. The moving averages are indicating the slowly strengthening of the trend.

On the 1-hour chart:

The lines 1 and 2 are the borders of the downward channel, within which the price is moving. The pair has found the resistance at the level 78.93 during the correction. Foothold of the price below the level 78.86 would be a clear signal of the decline resumption.

On the 15-minute channel:

The price is decreasing along the support line 1, while the line 2 restricts the dynamics from the top. The pair has pierced the support area 78.96/93. After that, the price, which had rebounded from the line 1, confirmed the area 78.96/93 as a resistance. Recommendation: wait for the breaking through the level 78.80, and sell.

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/20


USDCAD

On the 4-hour chart:

The pair is moving within the descending trend, clamped by the lines 1 and 2. The beginning of the correction period after the rebound from the line 2 is possible. The lines 3 and 4 are the borders of the current channel, breaking through which would be a sign of the growth until the line 1.

On the 1-hour chart:

The correction within the channel between the lines 1 and 2 has ended. The moving averages are still showing the strong downward tendency. The nearest support level lies at 1.0162. The rebound from the line 1 has begun.

On the 15-minute chart:

The pair started the rebound from the line 1. The moving averages touched each other and ready to give the selling signal. The most likely scenarios are:

1) Resumption of the decline within the current channel at least until the support 1.0162

2) Resumption of the growth until the middle-term trend line (line 1 on the H4 chart)

Recommendation: keep the short positions opened, but move your stop losses to the breakeven as soon as possible.

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/20


EURUSD

On the 4-hour chart:

The pair remains the upward tendency. At the moment the price places between the trend line 0 and the resistance line 1. The Moving Averages show the presence of the upward trend on the stage of the correction. The correction began before the price overcame the level of the previous local high.

On the 1-hour chart:

The pair trades in the convergent channel between the support line 1 and the resistance line 2 and higher the trend line 0. The Moving Averages gave the signal of the trend continuation in the second part of Tuesday and during the sharp increase.

On the 15-minute chart:

The price decreased under the support line 2 to the moment. The started with the thin flat near the resistance level 1.2691. After that it was a decrease to the support line and continued to move along the line. The support was broken after the rebound from the resistance level. The pair places between the support line 1 and the resistance line 2. The rebound caused the formation of the resistance line 3. If the support line 1 could be broken the correction will remain till the trend line 0 will be reached. If the price could increase higher the resistance line 3 the trend dynamics will remain.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/20


GBPUSD

On the 4-hour chart:

The pair remains to move inside the upward channel between the trend line 0 and the resistance line 1. The day started with the rebound from the resistance level 1.5715. The price recoiled to the support line 2. After that the level had been broken. The pair fluctuates in the flat between the support level 1.5715 and the resistance level 1.5753/ The Moving Averages show the presence of the upward trend.

On the 1-hour chart:

The pair started the day between the support level 1.5715 and the resistance level 1.5753. The flat remains now. The Moving Averages show the presence of the upward trend. It had been formed the resistance line 3 recently. As a result the price becomes clamped between the resistance line and the support level of the flat tendency.

On the 15-minute chart:

The pair broke the support levels 1.5715, 1.5699 and 1.5690 to the moment. The price recoiled higher after it was reached the support line 1. There is a high likelihood of the further recoil after the low jerk. At the same time the impulse could fix the appeared downward dynamics.

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/20


USDCHF

On the 4-hour chart:

The pair remains the trend dynamics inside the corridor between the trend line 0 and the channel line 1. The price places at the level of the previous local low. Previous local low was higher the local low of Monday. The Moving Averages show the remaining of the trend direction.

On the 1-hour chart:

The pair started lower the line 1. However the price arrived inside the channel between the lines 1 and 2 during the first hours of Wednesday. The Moving Averages gave the trend continuation signal after the drop at the second part of Tuesday. The price approaches to the support level 0.9448 now. The support line 3 places under the level.

On the 15-minute chart:

The pair had been trading between the support line 1 and the resistance line 2 after it had arrived inside the channel. It had been formed the resistance line 3 to the moment. The pair reached the support level recently. After that it was a rebound from the support line 1. If the support level and the line 4 could be broken, it will be expected the further decrease. As well, the foothold of the price under the line could be a good entering point for the short position. If the support level could not be broken the line 4 will reach more strength. As a result, the line 4 could be the new trend line in case of the reverse tendency.

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/21


USDCAD

On the 4-hour chart:

As it was predicted in the previous review, the pair has left the channel between the lines 3 and 4 and resumed the correction within the descending trend, clamped by the lines 1 and 2. The price has got close to the level 1.0221. The moving averages confirm the correction dynamics by changing the slope to easier.

On the 1-hour chart:

Despite the significant fluctuations, caused by the news background, the pair continues to grow along the resistance line 1. The moving averages are ready to provide the bullish signal. The price is getting close to the resistance line 2, which could restrict the correction.

On the 15-minute chart:

The pair continues the growth between the lines 1 and 2. The price has been fluctuating between the levels 1.0208 and 1.0221 focusing on the testing of the resistance during the last few hours. The pair is in the correction phase of the intraday trend now. Recommendation: close the long positions and wait for the outcome.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/21


AUDUSD

On the 4-hour chart:

The pair pierced the support line 1 after the touching of the level 1.0217. The price dynamics is clamped by the line 2 and the mentioned level form the top, while the line 3 and level 1.0127 are acting as a support. The moving averages are showing the bullish trend.

On the 1-hour chart:

The long testing of the level 1.0196 ended by the recoil to the line 1, which was confirmed as a support. It is too early to talk about the new trend line forming, but the price has been showing the stabile downward dynamics during the last few hours. The resistance level 1.0163 is also affecting on the pair movement.

On the 15-minute chart:

The pair has been fluctuating between the resistance 1.0163 and support 1.0153 levels during the last few hours. The price started to test the line 1 after the piercing of the support. Recommendation: close the short positions and wait for the outcome.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/21


USDJPY

On the 4-hour chart:

After the rebound from the key support level 78.86, the pair left the descending channel between the lines 1 and 2 and skyrocketed. The level 79.53 has been pierced after the short testing. The pair touched the key resistance 79.65.

On the 1-hour chart:

The growing pair is consolidating between the lines 1 and 2. The resistance area 79.65/69 is under testing now. The moving averages are showing the strong upward trend. The foothold of the pair above the resistance area could be a good point to open the bullish position.

On the 15-minute chart:

The lines 1 and 2 clamp the pair fluctuating diapason. In case of piercing of the area 79.65/69, the next resistance would be the level 79.94. The most likely scenarios are:

1) Breaking through the line 1 and resistance area

2) Breaking through the line 2 and flat resumption

Recommendation: close the long positions and wait.

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/21


USDCHF

On the 4-hour chart:

The pair remains to move in the corridor between the trend line and the channel line 1. The correction from the support level 0.9448 remains as well. The Moving Averages show the remaining of the downward trend.

On the 1-hour chart:

It had started the correction after the rebound from the support level 0.9448.The rebound from the level had confirmed the line 1 confirmed the line as a support for the third time. The resistance line 2 had been broken at the beginning of the day. The line 2 had been confirmed as a support recently. The price increased higher the level 0.9480. The Moving Averages prepare to give the reverse signal.

On the 15-monite chart:

The pair started the day with the rebound from the support level 0.9448 and between the support line 1 and the resistance line 2. It was a breakthrough of the resistance lines 2 and 3 later. The line 3 had been confirmed as a support after the breakthrough. After that the pair increased higher the level 0.9480. As a result of the correction it had been formed the support line 4. If the correction could remain and the level 0.9480 could be confirmed as a support the growth will remain. The trend line 0 will be a restriction in the case. If the price could arrive under the level 0.9480 the flat dynamics will continue. The signal for the trend continuation could be a break of the level 0.9448. However, aggressive traders could try to open the short position after the price will decrease under the level 0.9480.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/21


GBPUSD

On the 4-hour chart:

The pair remains to fluctuate between the trend line 0 and the channel line 1. It was a rebound from the resistance level 1.5753 during the upward dynamics. It was broken the support level 1.5715. The price approaches to the support line 2. The Moving Averages show the presence of the correction, however, there is enough time till the reverse signal.

On the 1-hour chart:

It was formed the resistance line 3 after the rebound from the resistance level 1/5753 and the channel line 2. The line 3 was broken upwards at the beginning of the day that means the slowdown of the decrease. The price remains to move in the direction of the line 1. The Moving Averages gave the reverse signal.

On the 15-minute chart:

The pair increased higher the line 1 at the beginning of the day. It had been broken the support level 1.5699 and 1.5690 during the correction. The nearest support is 1.5646. If the level could be broken, the pair will decrease tot eh trend line. If the support level could not be broken, it will start the flat between present support and resistance levels. If it could be broken the resistance level, the growth will continue.