Daily Forex market overviews by MasterForex

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TREND ANALYSIS OF THE USDJPY FOR 12/10/10

USDJPY

On the 4-hour chart:

Yesterday growth finished at the mark 78.39. The pair started the falling, but met the support at the level 78.16. The total dynamics for last day could be characterized as a flat. The moving averages are also showing the horizontal tendency.

On the 1-hour chart:

After the recoil from the resistance line 1, the pair was lowering until the level 78.16, where turned to flat. The fluctuating corridor was restricted by the levels 78.28 and 78.19. The moving averages changed the tilt to the horizontal, confirming flat.

On the 15-minute chart:

During the Asian session, the pair was fluctuating between the levels 78.28 and 78.19. In case of piercing of corridor border up- or downwards, the pair will meet the levels 78.33 and 78.16 respectively. Speculators will probably refrain from trading until the end of flat.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/10/10

USDCHF

On the 4-hour chart:

The channel between the lines 1 and 2 had been formed during the growth and the pair broken the middle-term trend line 3. The price is approaching to the resistance line 4 at the moment. The break through the trend line and the level 0.9385 had been a clear signal for the end of the bearish trend. The Moving Averages gave the signal for bullish trend.

On the 1-hour chart:

The pair broke the resistance line 1 and the level 0.9390 at the second part of Tuesday. That was a reverse signal. The Moving Averages gave a bullish signal. The pair is correction in the direction of the level 0.9405 at the moment.

On the 15-minte chart:

The correction is remaining at the moment. If the support line 1 and the level 0.9405 could be broken, the decrease will remain. The large flat will form in the case. If the pair could finish the correction and could break the line 3 and the level 0.9430, the trend will continue.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/10/10


GBPUSD

On the 4-hour chart:

Downward trend is remaining at the moment. The support line of the bearish channel had moved from the line 1 to the line 3 during the decrease. Moreover the pair lowered to the level 1.5990 and recoiled above the line 1 after that. The Moving Averages show strong bearish trend.

On the 1-hour chart:

The pair began to test the support level 1.5990 at the second part of Tuesday. It was a rebound after unsuccessful tests of the level. The support line 1 had been formed as a result of the rebound. The pair increased above the lines 2 and 3 and reached the level 1.6020 during the upward dynamics. The Moving Averages show the remaining of the downward trend.

On the 15-minute chart:

The pair is decreasing at the moment after the rebound from the level 1.6020. If the level 1.5990 could be broken the pair will continue to decrease. It will be expected the constriction of the bearish channel in the case. If the price could arrive above the line 2 and 3 on the 1-hour chart and could break the resistance level 1.6020, traders will expect the recoil to the resistance line 2 on the 4-hour chart.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/10/10

EURUSD

On the 4-hour chart:

The short-term downward tendency is remaining now. The price dropped below the levels 1.2900 and 1.2885 as well as below the line 4 during the decrease. The Moving Averages gave a bearish signal.

On the 1-hour chart:

The pair rebounded upwards from the support level 1.2925 and reached the level 1.2950 at the second part of Tuesday. The bearish dynamics continued after the level had been confirmed as a resistance. As a result, it had been formed the high border of the downward channel. The price decreased to the support level 1.5845 at the beginning of Wednesday. After that the dynamics reversed in the upward direction. The resistance line 1 had been broken to the moment and the pair recoiled to the resistance line 2. The Moving Averages show strong bearish trend.

On the 15-minute chart:

The price is testing the line 1 at the moment. If the pair could foothold above the line, the growth will continue. In the case of the rebound the downward tendency will continue. The final signal for the continuation of the tendency will be the break through the level 1.2845.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/10/11

USDCAD

On the 4-hour chart:

The pair was growing during the week forming herewith the ascending trend channel by the support line 1 and resistance line 2. The price started to test the resistance line 3. The moving averages continue the turnover upwards.

On the 1-hour chart:

The pair continues to move within the ascending channel between the lines 1 and 2. Now the pair is in the phase of deep correction of the bullish trend. The support line 1 is under the intensive testing. The moving averages started to change the direction aside the falling.

On the 15-minute chart:

The lowering within the correction of ascending trend pair is now testing the support line 1, which backed by the area 0.9799/92. In case of piercing, the traders will receive the selling signal. Otherwise, if the support will be confirmed, speculators can resume buying.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/10/11

AUDUSD

On the 4-hour chart:

The growing pair pierced the resistance line 1, gained for the last day about 70 pips. The weekly high was recorded at the mark 1.0285. The moving averages continue the slow turnover suggesting the end of the bearish trend.

On the 1-hour chart:

For the last three days, the pair formed the support line 1 and resistance line 2, which are the borders of the ascending trend channel. Now the price is testing the resistance area 1.0271/78. The moving averages are showing the ascending trend.

On the 15-minute chart:

The pair was growing confidently within the Asian session, but met the resistance in the area 1.0271/78, which is under testing now. In addition, the price got close to the resistance line 1. Piercing of the resistance area will be a signal of the growth resumption.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/10/11


USDJPY

On the 4-hour chart:

The pair, which resumed the falling, pierced the important support level 78.16. The price in total lost about 30 pips. The nearest support lies at 77.91. The moving averages are ready to provide a bearish signal.

On the 1-hour chart:

On the second half of Wednesday, the forming of descending channel started by the lines 1 and 2. At the end of Asian session, the pair pierced the resistance line 1 and rushed up. The moving averages, which had been showing the confident bearish trend, started the turnover.

On the 15-minute chart:

After the recoil from the support line 1 and piercing the resistance 2, the growing pair returned the most part of daily losses. Speculators will probably continue to buy with aim at 78.16. The piercing of that resistance will open the way to the area 78.28/33.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/10/11


USDCHF

On the 4-hour chart:

Traders obtained the signal for the break of the short-term upward trend. The support line and the level 0.9385 had been broken. Moreover, it had been formed the resistance line 4. The Moving Averages show the slowdown of the growth.

On the 1-hour chart:

The pair decreased to the support level 0.9380 at the end of Wednesday. After that it was a recoiled above the level 0.9405 and the price continued to decrease with the formation of the resistance line 2. The pair decreased below the level 0.9380 and continued the bearish dynamics. The Moving Averages show the reverse of the dynamics direction downwards.

On the 15-minte chart:

The pair is remaining to decrease. Traders gained the signal for the formation of the bearish trend after the break through the level 0.9380. If the pair could foothold below the level, the decrease will remain. If the pair could arrive back to the line 1 and could break it, traders will obtain the signal for the reverse in the upward direction.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/10/11


GBPUSD

On the 4-hour chart:

The pair arrived into the bearish channel between the lines 1 and 2. The level 1.5990 had been reached during the decrease. After that it started the correction. The Moving Averages show the slowdown of the trend.

On the 1-hour chart:

The pair started the correction after the rebound from the level 1.5990 at the first part of Wednesday. The price recoiled to the resistance level 1.6020 during the growth. After that the pair rebounded downwards to the support line 2 and continued to correct. The second testing of the resistance level had been at the beginning of Thursday; however the price recoiled downwards once again. Thus, it could be concluded about the consolidation near the level 1.6020. The Moving Averages show the reverse of the dynamics direction.

On the 15-minte chart:

The testing of the consolidation level is remaining at the moment. If the pair could break it, traders will start to open long positions with the target at the resistance line 2 on the 4-hour chart. If the level could not be broken, traders will gain the signal for the weakening of the bearish tendency. As a result, it could be expected the constriction of the downward channel. The formation of the flat could be expected as well.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/10/11


EURUSD

On the 4-hour chart:

The pair is correcting for the next time during the downward trend. The price propped to the level 1.2840 and recoiled upwards after the break through the resistance line 3. The trend channel between the lines 1 and 2 had formed finally to the moment. The Moving Averages show the remaining of the bearish tone.

On the 1-hour chart:

The trend between the lines 1 and 2 is remaining. The pair corrected to the resistance level 1.2900 at the end of Wednesday. After that the price slipped below the level 1.2840. However, the level had not been broken and the price recoiled to the level 1.2865.The Moving Averages show the approach of the bearish trend.

On the 15-minute chart:

The pair is correction in the channel between the lines 1 and 2 at the moment. Herewith it will start the testing of the resistance line of the short-term trend 3 in the near future. If the pair could break through the line and could foothold above the level 1.2910, traders will gain two clear signals for the reverse of the dynamics upwards. If it could be the rebound and the line 1 could be broken, players will start the sales.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/10/12

USDCHF

On the 4-hour chart:

The price arrived into the downward channel between the lines 1 and 2 after the rebound from the level 0.9430. Moreover it had been broken previous local low level 0.9385. Thus, traders obtained the signal for the reverse downwards. The resistance line 3 had been formed as well. The Moving Averages prepare to give a bearish signal.

On the 1-hour chart:

The pair arrived into the downward channel between the lines 1 and 2. The channel between the lines 3 and 4 had been formed during the decrease. The price dropped to the level 0.9345 to the end of Thursday. The support level had been broken at the first part of Friday. As a result it had been formed the resistance line 3. The pair is correcting from the support line 4 at the moment. The Moving Averages show a bearish trend.

On the 15-minte chart:

The pair remains to decrease in the channel between the lines 1 and 2. The break through the level 0.9345 was the signal for the continuation of sales. The recoil from the support line 1 became the signal for the beginning of the correction. If the line pair could recoil downward traders will continue the sales.

 

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TREND ANALYSIS OF THE GBPUSD FOR 12/10/12

GBPUSD

On the 4-hour chart:

The pair arrived into the bearish channel between the lines 1 and 2 after unsuccessful testing of the support line 3. The Moving Averages show the slowdown of the bearish trend.

On the 1-hour chart:

The flat dynamics started after the break through the level 1.6025. The support line 1 had been formed at the same time. The Moving Averages gave a bullish signal.

On the 15-minute chart:

Flat dynamics between the levels 1.6025 and 1.6050 had started from the second part of Thursday. Traders will gain the signal for purchases in the case of the break through the resistance level of the channel. If the price could decrease below the support level 1.6025, the testing of the line 3 on the 4-hour chart will continue.

 

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TREND ANALYSIS OF THE EURUSD FOR 12/10/12

EURUSD

On the 4-hour chart:

The pair arrived into the middle-term trend upward channel. Moreover, it had been broken key level 1.2900 as well as the resistance line 3. Thus, traders gained all reverse signals. The Moving Averages show the approach of the bullish signal.

On the 1-hour chart:

The levels 1.2865, 1.2885 and 1.2900 had been broken after the rebound from the support 1.2835. The price increased above the lines 1 and 2 as well. The resistance level 1.2945 had been reached at the end of Thursday. The consolidation level 1.2945 had been broken after some fluctuations between the resistance level 1.2945 and the support line 3 at the beginning of Friday. The growth is remaining at the moment. The Moving Averages gave a bullish signal.

On the 15-minute chart:

The break through the consolidation level 1.2945 had been the signal for purchases. The target places on the line 3 on the 4-hour chart. If the price could drop lower the line 1 on the 1-hour chart, players will gain the first reverse signal.

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TREND ANALYSIS OF THE USDCAD FOR 12/10/12

USDCAD

On the 4-hour chart:

The yesterday falling was restricted by the support line 1. Recoiled from it, the price turned to flat. The nearest resistance lies at the level 0.9792. The moving averages are showing the horizontal tendency.

On the 1-hour chart:

After the end of the falling at the level 0.9771, the pair turned to flat between the mentioned support and the resistance 0.9892. The fluctuations corridors narrowed in the Asian session. The moving averages are showing the flat.

On the 15-minute chart:

During the Asian session, the pair was fluctuating between the levels 0.9787 and 0.9775. The piercing of one of the corridor borders will be a first signal of the trend dynamics appearance. Traders will start to open respective positions after piercing the levels 0.9771 or 0.9792.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/10/12

AUDUSD

On the 4-hour chart:

The pair continues the ascending trend, which started on Monday. The price is fluctuating within the channel between the support line 1 and resistance line 2. Now the pair is testing the resistance levels 1.0271. The moving averages are showing the weak bullish tendency.

On the 1-hour chart:

The pair is testing the resistance area 1.0271/78 for the second day within the correction of ascending trend. The price herewith is getting close to the trend line 1. The moving averages are showing the correction of the bullish tendency.

On the 15-minute chart:

Now the pair is demonstrating a flat between the support level 1.0255 and resistance level 1.0287. After the recoil from the top border of the corridor, the price started another falling. The spectaculars will continue trading after the end of the horizontal tendency.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/10/12

USDJPY

On the 4-hour chart:

The pair was lowering for the whole week until met a support at the mark 78.03. The results of the followed growth were piercing of the level 78.16 and beginning of the resistance 78.48 testing. The moving averages are showing the flat.

On the 1-hour chart:

After the recoil from the resistance area 78.48/57, the pair started to fluctuate, forming herewith the lines 1 and 2. The influence of the marked triangle is possible. The moving averages are still having a bullish bias.

On the 15-minute chart:

During the Asian session, the pair was fluctuating between the lines 1 and 2. Now the price is testing the top border of the triangle, which is backed by the resistance area 78.45/48. Spectaculars will probably wait for the triangle piercing and start the trading in respective direction.

 

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TREND ANALYSIS OF THE USDCAD FOR 12/10/15


USDCAD

On the 4-hour chart:

The pair finished the previous week with the recoil from the support line 1 in the intersection point with the level 0.9775. The followed growth was restricted by the resistance level 0.9808. The moving averages are fluctuating horizontally suggesting the large flat.

On the 1-hour chart:

The pair continues the large flat between the support area 0.9775/71 and the resistance level 0.9808. In the middle of the Asian session, the price recoiled from the top border of the corridor and lowered until the level 0.9792. The moving averages are changing the direction, showing herewith the end of the Friday ascending tendency.

On the 15-minute chart:

During the last trading day, the pair was fluctuating between the levels 0.9808 and 0.9787. Now the pair is testing the support level. Its piercing will be a signal to resume the selling. The aim will be the level 0.9775.

 

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TREND ANALYSIS OF THE AUDUSD FOR 12/10/15

AUDUSD

On the 4-hour chart:

The pair was moving within the ascending trend channel between the support line 1 and resistance line 2 until pierced it downwards. The falling pair found the support at the line 3. The moving averages are showing the flat dynamics resumption.

On the 1-hour chart:

After the unsuccessful testing of the resistance level 1.0287, the pair started the sharply decline. Opened the new week by the 26-pip gap, the price continues the falling. Now the pair is in the correction phase of the descending trend. The moving averages have given a bearish signal.

On the 15-minute chart:

During the second half of the Asian session, the pair was growing within the correction channel between the lines 1 and 2. The piercing of support line 1 will be a signal of the descending trend continuation. The piercing of the line 3 will confirm it.

 

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TREND ANALYSIS OF THE USDJPY FOR 12/10/15

USDJPY

On the 4-hour chart:

The Friday flat between the levels 78.48 and 78.33 finished by the piercing of the resistance level at the beginning of the current week. The pair is trying to gain a foothold above the level. The moving averages are still showing the flat character of the dynamics.

On the 1-hour chart:

The pair was moving within the tapering channel between the support line 1 and resistance line 2 until pierced the later. Now the price is testing the resistance level 78.57. The moving averages are showing the forming of the ascending tendency.

On the 15-minute chart:

At the second half of the Asian session, the pair formed the support line 1 and the resistance line 2. The price finished the correction by recoil from the line 1 and now ready to start the testing of the level 78.57. Piercing of the level will be a strong bullish signal for traders.

 

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TREND ANALYSIS OF THE USDCHF FOR 12/10/15

USDHF

On the 4-hour chart:

It observes the flat dynamics on the market between the support line 1 and the resistance level 0.9430. The trend line 2 had been broken earlier. The Moving Averages confirm flat.

On the 1-hour chart:

The pair rebounded upwards from the cross of the lines 2 and 3 at the second part of Friday. The price broken the support line 1 and increased to the level 0.9365 during the growth. The next recoil downwards had started after that and the resistance line 4 had been formed with the recoil. The price is placing at the line 1 now. The Moving Averages show the remaining of the bearish trend.

On the 15-minute chart:

The price decreases sharply after the rebound from the resistance level 0.9365. The pair will reach the low border of the previous trend channel in the case of the break through the line 1 on the 4-hour chart. If the price could not foothold below the line 1 on the 1-hour chart, traders will gain he signal for the end of the previous trend.