Daily Forex market overviews by MasterForex

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TREND ANALYSIS OF THE USDCHF FOR 12/10/05

USDCHF

On the 4-hour chart:

The break through the level 0.9345 became the signal for the continuation of the middle-term downward trend. The character of the dynamics show classic reverse. Trend dynamics restricts by the lines 1 and 2. The Moving Averages gave bearish signal.

On the 1-hour chart:

Traders started intensive sales from the level 0.9345. As a result the price dropped to the level 0.9295. The correction started after the rebound from the resistance level and it had been formed the support line 3. The Moving Averages show the correction during the bearish trend.

On the 15-minute chart:

The correction between the lines 1 and 2 is remaining at the moment. If the tendency could continue the pair will increase to the level 0.9345. Traders will continue sales in the case of the rebound from the resistance level. The break through the line 1 and the level 0.9295 will be a signal for continuation of the trend as well.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/10/05

GBPUSD

On the 4-hour chart:

The pair remains to move inside downward channel between the lines 1 and 2. The price increased to the resistance level 1.6200 after the break through the level 1.6120. Downward dynamics continued after that. The Moving Averages confirm deep correction during the bearish trend.

On the 1-hour chart:

The pair increased to the resistance level 1.6200 to the end of Thursday. After that the dynamics in the side way started between the resistance level and the support level 1.6175. The Moving Averages show the slowdown of bullish tendency.

On the 15-minute chart:

The pair moves between the lines 1 and 2. If the support line and the level 1.6175 could be broken, traders will gain the signal to continue sales. The Moving Averages show the slowdown of the bullish tendency.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/10/05

EURUSD

On the 4-hour chart:

Upward tendency had been confirmed finally. High border of the trend channel had been formed during the dynamics. The Moving Averages confirm bullish tendency.

On the 1-hour chart:

The break through the level 1.2945 was the final confirmation for upward trend. The sales began from the level. The pair reached the level 1.3020 during the growth and after that the correction started. As a result, it had been formed high border of the trend channel 2. The Moving Averages confirm the direction of the tendency.

On the 15-minute chart:

The correction during the bullish trend is remaining at the moment. The line 3 had been formed during the decrease. If the direction of the dynamics could remain and the support level 1.3000 could be broken, the pair will decrease to the low border of the bullish channel 1. The pair will continue the trend in the case of the rebound from the level 1.3000 and if the resistance line of the correction could be broken. That will be a signal for purchases.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/10/05

USDCAD

On the 4-hour chart:

After recoil from the resistance line 1, the pair pierced the support lines 2 and 3 as well as the levels 0.9852 and 0.9810. The price is trying to fix the result at the moment. The moving averages turned down following the price.

On the 1-hour chart:

The pair pierced the support level 0.9852 and finished the fall by turning to flat in the support area 0.9810/799. The moving averages gave a bullish signal suggesting the strong descending trend, although the falling had the spontaneous character.

On the 15-minute chart:

After losing about 70 pips for the second half of Tuesday, the pair was demonstrating the flat dynamics between the levels 0.9810 and 0.9799 during the Asian session. The piercing of the any border of the corridor will be the signal of the new tendency forming.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/10/05

AUDUSD

On the 4-hour chart:

The pair recoiled from the level 1.0196 and started to grow. The level 1.0255 has been pierced and now pair is trying to hold the result. The price got close to the resistance line 1. The moving averages started the recoil.

On the 1-hour chart:

The fluctuating pair pierced the resistance line 1 and confirmed it as a support. Now the price dynamics is passing near the level 1.0255. The moving averages are preparing to provide a weak bullish signal, but the indicators’ dynamics for the last day is showing the flat.

On the 15-minute chart:

During the last day, the pair is fluctuating in flat between the resistance level 1.0271 and support level 1.0239. Now the price is getting close to the bottom of the corridor. Its piercing will be the first signal of the flat end.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/10/05

USDJPY

On the 4-hour chart:

The pair pierced the lines 1 and 2 when failed with gaining a foothold above the level 78.48. The price lost about 20 pips. The nearest support lies at 78.16. The moving averages are changing the tilt to horizontal, confirming the turn to flat.

On the 1-hour chart:

During the fluctuating, the pair formed the resistance line 1. The price is moving in diapason, which is clumped by the line1 and level 78.33. The clear support line of the descending tendency has not been formed yet.

On the 15-minute chart:

The pair started the Asian session by the bullish dynamics, but after the recoil from the resistance line, it fall by more than 25 pips. The last hours’ dynamics could be characterized as bullish. Traders could resume the active trading after the end of the flat.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/10/08

USDCAD

On the 4-hour chart:

At the second half of the last week, the pair left the ascending trend channel between the lines 1 and 2. The support levels 0.9852 and 0.9810 were pierced. The pair failed with holding below the level 0.9864. The moving averages gave belated bearish signal.

On the 1-hour chart:

The pair finished the previous week by growth, which was restricted by the level 0.9785. The current week the price started with flat between the mentioned resistance and support at 0.9771. Now, the resistance is under testing. The moving averages are changing the tilt to horizontal.

On the 15-minute chart:

The Asian session the pair spent in flat between the levels 0.9771 and 0.9785. In the last hours, the corridor was pierced upwards. The nearest resistance lies at 0.9799. Traders will possibly keep the long positions opened.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/10/08


AUDUSD

On the 4-hour chart:

The pair recoiled from the line 1 confirming it as a resistance on Friday. After that, the price pierced the support levels 1.0239 and 1.0196 and continued the decline. The moving averages are showing the strengthening of the descending trend.

On the 1-hour chart:

After decline, with which the previous week ended, the pair turned to flat, recorded herewith 10-week low at 1.0148. The nearest key resistance level lies at 1.0169. The moving averages are showing the resumption of descending trend.

On the 15-minute chart:

During the Asian session, the pair dynamics last between the levels 1.0153 and 1.0175. The piercing of any corridor border will be the first signal of the trend movement beginning. Traders will probably refrain from the deals before the flat ending.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/10/08

USDCHF

On the 4-hour chart:

Downward trend in the channel between the lines 1 and 2 will continue. The support line 3 had been formed earlier and the price had rebounded from the line at the end of Friday. The Moving Averages show the slowdown of the decrease.

On the 1-hour chart:

The correction started after the rebound from the cross of the support line 3 and the level 0.9280. The support line of the correction 4 had been formed as a result of the growth. The Moving Averages show the approach of the reverse signal.

On the 15-minute chart:

The price starts the resistance level 0.9345 at the moment. The support provides by the line 1. If the resistance level could be broken, the correction will continue. The high border of the trend channel will be a landmark for the reverse in the trend direction. If the support line could be broken, trend dynamics will continue.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/10/08

GBPUSD

On the 4-hour chart:

The trend inside the channel between the lines 1 and 2 is remaining at the moment. Trend dynamics had continued after the rebound from the trend line 2. The Moving Averages show the continuation of the trend.

On the 1-hour chart:

Bearish dynamics in the downward channel is remaining now. The resistance line 3 had been formed during the decrease. The pair lowered to the line 4 and the level 1.6075. The Moving Averages gave the signal for the continuation of the bearish tendency.

On the 15-minute chart:

The pair tests the support line 1 and the level 1.6075. The resistance provides by the line 2. If the pair could break the support, the decrease will continue. Traders will choose the low border of the trend channel as a target. The next correction will start in the case of the rebound from the support line of the channel. In the case, it will be expect the growth to the nearest levels 1.6100 and 1.6120. Moreover the level 1.6075 will become the level of the consolidation in the case of the rebound.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/10/08

EURUSD

On the 4-hour chart:

Traders gained the first signal for the end of the upward trend between the lines 1 and 2. The pair broke the trend line. The Moving Averages show the correction during bullish trend.

On the 1-hour chart:

The pair reached the resistance line of upward channel between the line s1 and 2 at the end of Friday. The correction started after the rebound from the resistance line. The dynamics remained on Monday as well. Thus it had been formed the resistance line of the correction 4. The pair decreased below the support line of the channel 1. The Moving Averages show the remaining of the upward trend.

On the 15-minute chart:

The price tests the level 1.2965 and the support line 1. If the support could be broken, traders will gain final signal for the reverse of the trend direction. If the price could rebound upwards, players will obtain the signal for the remaining of the trend direction.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/10/08

USDJPY

On the 4-hour chart:

The pair pierced the resistance line 1, confirmed the line 2 on Friday and showed the intensive decline. The falling continued on the current week. The nearest support level lies at 78.48. The moving averages are showing the deep correction of ascending trend.

On the 1-hour chart:

The pair continues the movement within the ascending channel between the lines 1 and 2. In addition, the line 3 affects the pair dynamics. The price will soon start the testing the support line 1. The moving averages are showing the weakening of the upward tendency.

On the 15-minute chart:

Continuing the Friday falling, the pair formed the resistance line 1. The price is getting close to the line 2 and support area 78.48/45. The piercing of the supports will be a signal of the ascending trend end, while their confirmation will suggest the end of the deep correction.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/10/09

GBPUSD

On the 4-hour chart:

The pair left the downward channel between the lines 1 and 2. The pair places near the support line 3. The Moving Averages show strong bearish tendency.

On the 1-hour chart:

The pair decreased below the support line of the channel 1. However resistance line of the downward tendency 2 had been broken later and the price arrived into the channel. The pair decreased below the line 1 for the second time after small correction to the resistance line 3. The Moving Averages show strong bearish trend.

On the 15-minute chart:

The price is growing in the direction of the level 1.6020. If the level could be confirmed as a resistance it will start flat between present resistance level and the support level 1.2990. In the case of the break through the level the trend will continue. If the price could increase above the resistance level 1.6020 and could arrive above the support line of the trend channel it will start intensive recoil to the resistance line of the trend channel 2 on the 4-hour chart.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/10/09

EURUSD

On the 4-hour chart:

The formation of downward trend is remaining at the moment. The pair broke the support line of the short-term upward tendency earlier. Resistance line 3 had been formed during the decrease. The Moving Averages show the reverse downwards.

On the 1-hour chart:

The pair formed the support line 2 after the break through the trend line 1. The line 2 had been broken today and the decrease continued. The dynamics places between the lines 1 and 2. The Moving Averages remains in the bearish tone.

On the 15-minute chart:

The pair is testing the level 1.2925 at the moment. If the level could be broken the pair will continue to decrease. If the price could rebound upwards the low border of the downward channel will start to form.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/10/09

USDCAD

On the 4-hour chart:

Since the beginning of the week, the pair is demonstrating the mixed dynamics. Yesterday ascending movement was restricted by the level 0.9785. After that, the unconfident falling followed. The moving averages are showing the weak descending trend.

On the 1-hour chart:

The pair is fluctuating between the support line 1 and the resistance line 2. The ascending dynamics of the last hours moves the pair closer to the line 2. The nearest resistance level lies at 0.9771. The moving averages herewith are showing the downward trend resumption.

On the 15-minute chart:

In the second half of the Asian session, the pair was demonstrating the bullish dynamics. Gained about 20 pips, the pair returned almost all the today losses. The price marked the recoil from the resistance line 1. Traders will probably refrain from deals until forming of the clear tendency.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/10/09

AUDUSD

On the 4-hour chart:

The pair resumed the ascending dynamics, formed herewith the support line 1. Now the price is moving aside the resistance line 2 during the correction of descending trend. The moving averages continue to show the bearish tendency.

On the 1-hour chart:

After recoil from the support line 1, the growing pair formed the ascending trend channel by the lines 2 and 3. The price is getting close to the support line 2. The nearest support level lies at 1.0196, while the resistance could be found at 1.0239. The moving averages are ready to provide a bullish signal.

On the 15-minute chart:

Recoiled from the support level 1.0239, the pair started to decline sharply. Now the support line 1 is under testing. In case of its piercing, traders will probably continue to sell, while confirmation of the closest support 1.0196 will be a signal to buy.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/10/09

USDJPY

On the 4-hour chart:

The pair left the ascending trend channel between the lines 1 and 2 by piercing the support. The level 78.48 has been pierced during the falling. However, after the recoil from level 78.16, the price showed the signs of the ascending tendency. The moving averages changed the direction to horizontal sharply.

On the 1-hour chart:

Since the second half of Monday, the pair was demonstrating the ascending dynamics. The support line 1 and resistance line 2 have been formed. Now the price is testing the resistance line 3. The moving averages are still showing the flat.

On the 15-minute chart:

Now the pair is in the phase of technical correction of ascending trend. The price is moving along the line 1, herewith getting close to the support 2. The piercing of the support can cause the resumption of falling or flat, while its confirmation will be a signal of the bullish trend continuation.

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TREND ANALYSIS OF THE USDCHF FOR 12/10/09

USDCHF

On the 4-hour chart:

Since the beginning of the current week, the pair was demonstrating the clear bullish dynamics. The resistance level 0.9345 has been pierced and later confirmed as a support. Now the price is testing the resistance line 1. The moving averages continue to turn upwards.

On the 1-hour chart:

The pair reached the top border of the ascending trend channel between the lines 1 and 2. There is a possibility of turning to technical correction phase. The testing of resistance lines 2 and 3 started. The moving averages are showing the bullish tendency.

On the 15-minute chart:

The pair reached the line 1 and started to test it. The nearest support level lies at 0.9360. In case of recoil from the resistance line, the pair will start the technical correction, which will be a good moment to open the short position.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/10/10

USDCAD

On the 4-hour chart:

The lowering, from which the week started, finished by confirmation of the level 0.9745 as a support. The followed growth was restricted by the resistance level 0.9792. The moving averages are showing the forming of flat.

On the 1-hour chart:

During the growth, which started in the second half of Tuesday, the pair pierced the level 0.9771 that was later confirmed as a support. The nearest resistance level lies at 0.9792. The moving averages gave an extremely weak bullish signal.

On the 15-minute chart:

During the Asian session, the pair was demonstrating the bearish tone, but the last day dynamics shows the flat character of tendency. The piercing of the nearest support level 0.9771 of the resistance area 0.9792/99 will be a signal of the trend beginning.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/10/10

AUDUSD

On the 4-hour chart:

The pair continues the movement within the channel between the lines 1 and 2. During the technical correction of descending trend, the price is getting close to the resistance line 2. The level 1.0196 has been confirmed as a support. The moving averages are showing the forming of flat.

On the 1-hour chart:

The pair recoiled from the level 1.0239 and pierced the support line 1 during the correction. The lowering was restricted by the support area 1.0196/86. The followed growth moves the pair close to the resistance 1.0239 again. The moving averages are showing the flat.

On the 15-minute chart:

The lines 1 and 2 are restricting the channel of intraday ascending trend. The pair is getting close to the level 1.0239 and the resistance line 3. In case of their piercing, it will be possible to talk about the confident ascending trend forming. Recoil from the resistances will show the end of descending trend correction.