Daily Forex market overviews by MasterForex

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/27


EURUSD

On the 4-hour chart:

The pair remains to move below the line 0 that could be determined as a short-term trend line. As well, it had been formed the support line 1. The price places between the support level 1.2476 and the resistance level 1.2504 at the moment. The Moving Averages show presence of the downward trend.

On the 1-hour chart:

Trading proceeds inside the narrower diapason after the growth of the volatility on Tuesday. The flat remains from the midday of Monday. However, the pair remains to move inside the downward corridor between the trend line 0 and the channel line 1. Present dynamics is the correction during the decreasing trend. The Moving Averages confirm that.

On the 15-minute chart:

The price remains to move in flat channel between the support level 1.2476 and the resistance level 1.2504. The pair could reach the short-term trend line 0 to the end of the day. If the trend line could not be broken the decreasing trend will remain. Traders could open the short positions. Target will be placed on the support line 1. Hereby, traders should pay attention to the support level of the flat corridor 1.2476.If the trend line could be broken, it will remain the flat. The break through the resistance level of the channel will be a signal for the further growth.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/27


AUDUSD

On the 4-hour chart:

The pair rebounded from the support 0.9993, and pierced the resistance 1.0030. The level 1.0060 is under testing now. In case of the recoil, the large flat is likely. The moving averages confirm the weakening trend dynamics.

On the 1-hour chart:

The pair is fluctuating between the levels 1.0068 and 1.0047. The support line 1 had been pierced. Despite the fact that the moving averages confirm the weak growth, there are no prerequisites for the soon piercing of the key resistance level.

On the 15-minute chart:

The pair pierced the line 1 and started to fluctuate within the ascending channel between the lines 2 and 3, which eventually became more flat. The line 4 has been formed during the Asian session. The pair is consolidating and testing the lines 2 and 4 in turn. Recommendation: wait for piercing of one of the lines and start the trading in the appropriate direction; use the close-up stop losses in case of the flat continuing.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/27


USDJPY

On the 4-hour chart:

The pair rebounded from the support line 1 of the middle-term trend and started the growth. The price got close to the key resistance level 79.65, piercing of which would signalize the end of the correction period within the mentioned trend.

On the 1-hour chart:

The short-term downward tendency finished by the recoil from the line 1 with the followed large flat. The break through the resistance area 79.65/74 would be a signal of the ascending trend beginning. The key resistance levels will be the 80.10 and 80.29. In addition, the growing pair could confirm the resistance line 2.

On the 15-minute chart:

The pair left the descending channel between the lines 1 and 2 and started the growth. The key resistance level 79.65 is under testing now. Recommendation: keep the long positions opened and wait for the piercing.

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/27


USDCAD

On the 4-hour chart:

The pair, which is moving within the descending channel between the lines 1 and 2, rebounded from the support and started the correction. The most likely, that the price would rebound from the resistance line 1 backed by the key level 1.0260. The moving averages are ready to provide a delayed bearish signal.

On the 1-hour chart:

The pair touched the resistance 1.0260 and started the testing. The moving averages confirm the downward tendency. Considering the growing intensity of the correction, we can assume the forming of the false breaking through the level.

On the 15-minute chart:

After the rebound from the line 2 and level 1.0231, the pair formed the line 3, along which the price has been growing during the Asian session. Then the acceleration of the tendency followed. Upon reaching the level 1.0260, the pair started the testing. Recommendation: close the long positions. The rebound from the level would be a good point to open the short position, while in case of the piercing, we should wait for the testing of the trend line 1.

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/28


USDCHF

On the 4-hour chart:

The pair had started intensive growth after the short-term flat between the support level 0.9593 and the resistance level 0.9632. It had been a leap to the resistance line 1 after the rebound from the support level. At the moment the growth remains. The Moving Averages show the presence of the bullish trend.

On the 1-hour chart:

The pair had started the day with the rebound from the resistance level 0.9632. It had been reached the support level 0.9593 after the short-term decrease. After that it had started the decrease. As a result, the price had broken the resistance level 0.9632 and the growth had finished near the resistance line 1. The Moving Averages show the presence of the upward trend.

On the 15-minute chart:

The pair had started the day with the testing of the resistance level 0.9632. The support had been provided by the lines 1 and 2 in the point of their cross during the decrease. The lines had been broken downwards later. The price had increased sharply to the resistance line 3 after the level 0.9593 had been reached. The recoil from the level had been a good entering point for the long position. At the moment it had started to form the recoil. If the recoil could be not very deep, the growth will remain. The line 3 will not be broken and will remain as a resistance with the high probability.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/28


GBPUSD

On the 4-hour chart:

The price continued to fluctuate below the resistance line 1. The price decreased to the support level 1.5555 after the rebound from the resistance line 1 in the point of the cross with the resistance level 1.5642. The pair remains to decrease at the moment. The Moving Averages show the remaining of the downward trend.

On the 1-hour chart:

The pair had increased to the resistance line 1 after the rebound from the support level 1.5555. After that the price had continued the trend dynamics. The Moving Averages show the presence of the downward trend.

On the 15-minute chart:

The pair had started the day with the growth. However it had started intensive sales after the resistance line. At the moment the price decreased below the level 1.5543. However the rebound from the resistance line had been a good entering point for the short position. The target could be placed at the level 1.5543. If the tendency could slow down it will start the flat or recoil.

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/28


EURUSD

On the 4-hour chart:

The pair rebounded from the support line 1 of the downward channel and had increased higher the trend line 0. The growth had been restricted by the resistance level 1.2518. The price decreased to the short-term trend line after the rebound from the resistance level and it. The Moving Averages show the slowdown of the decrease.

On the 1-hour chart:

The price remains to fluctuate between the support level 1.2455 and the resistance level 1.2747. After the short-term testing of the support line and level the price rebounded upwards. The price had broken the resistance line at the beginning of the day and it had started the correction. As a result of the correction the pair increased higher the resistance line 2. The price remains to decrease at the moment.

On the 15-minute chart:

The price corrected to the resistance level 1.2518 and it had started the decrease. The break through the level 1.2510 was a good entering point for the short position. The support level 1.2455 could be a reference point for income. It is seen the strong enough downward tendency. It could be expected the break through the support line.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/28


AUDUSD

On the 4-hour chart:

The pair is growing within the ascending channel, clamped by the lines 1 and 2. After the long testing, the key resistance level 1.0060 has been pierced. The pair is testing the level 1.0127 at the moment.

On the 1-hour chart:

The pair is growing along the support line 1. After the testing of the resistance area 1.0121/27, the price fell to the support line and started to test it. The moving averages continue to show the ascending tendency.

On the 15-minute chart:

After the rebound from the level 1.0121, the pair pierced the support 1.0098 and the line 1. The price has just touched the key area 1.0068/60. In case of the breaking through the support, the pair would open the way to the area 1.0030/25.

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/28


USDCAD

On the 4-hour chart:

The pair confirmed the existence of the support at the level 1.0232 by the rebound. The followed growth helped the price to pierce the important resistance level 1.0260. The started on Monday descending trend line 1 has been pierced upwards. The moving averages have given the weak bullish signal.

On the 1-hour chart:

The pair is trying to foothold above the 1.0260. The moving averages have reversed following the price. The pair got close to the resistance area 1.0269/72. In case of the piercing, the price would be able to test the resistance 1.0280 and 1.0295.

On the 15-minute chart:

The 40-pip growth during the last hour was the reason of the breaking through the few important resistance levels. There is no reference to the end of the current dynamics. Recommendation: keep the long positions opened, but secure the profit by the close-up stop losses.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/28



USDJPY

On the 4-hour chart:

The pair rebounded from the resistance level 79.74 and started the sharply decline. After the piercing the ascending trend line 1, price slowed down the falling. The moving averages are confirming the large flat. The closest support level lies at 79.36.

On the 1-hour chart:

In the close survey, we could consider that after the break through the line 1, the pair is fluctuating between the levels 79.36 and 79.47. The moving averages have just given the bearish signal and record strengthening of the descending tendency.

On the 15-minute chart:

The rebound from the support 79.36 and the followed growth could be a correction of the downward trend. If the pair will not resume the falling in the near future, we could say that the dynamics finally changed to flat. Recommendation: close the positions and wait for the outcome.

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/29


USDCAD

On the 4-hour chart:

The pair rebounded from the support line 2 and started the rapid growth. The key levels 1.0260 and 1.0295 have been pierced. After that, the recoil from the resistance line 1 followed. As a result, the mentioned levels have been broken through from the upside down.

On the 1-hour chart:

The support area 1.0240/32 has stopped the falling pair. The turn to the flat between the mentioned area and 1.0255/60 is possible. The moving averages reversed and ready to provide the bearish signal.

On the 15-minute chart:

After the piercing the support line 1, the pair slowed down and the decline took the trend character. The line 2 has been formed. The price rebounded from the level 1.0232 and started to fluctuate between it and the area 1.0255/60. Recommendation: close the position and wait for the clear tendency.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/29


AUDUSD

On the 4-hour chart:

The pair rebounded from the level 1.0127 and lowered to the support 1.0030. Then the rebound and the rapid growth followed. The previous local high 1.0127 has been pierced. The price has reached the next resistance 1.0199.

On the 1-hour chart:

After the confirming of the level 1.0013 as a support, the pair formed the support line 1. The price broke through the level 1.0047 at the second attempt. The followed growth helped the pair to reach the resistance 1.0196. The moving averages have already given the strong bullish signal.

On the 15-minute chart:

The skyrocketing has been slowed down by the level 1.0153 and line 2. The support line 1 has been formed. The pair is trying to foothold above the line 2 at the moment. Recommendation: close the long positions and continue trading after the piercing of 1.0196.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/29


USDJPY

On the 4-hour chart:

The pair stopped the slowly decline by rebound from the support area 79.22/13. The followed sharply growth helped the price to return to the previous channel of the ascending trend, clamped between the lines 1 and 2. The pair is testing the resistance area 79.65/74 at the moment.

On the 1-hour chart:

Yesterday there was formed the support line 1, the last rebound from which finished by the breaking through the line 2. Herewith, the growth firstly had the gradual character, but finally it turned into a skyrocketing. The moving averages have already begun the reverse tendency.

On the 15-minute chart:

The rebound from the line 1 and level 79.22 was the beginning of the ascending tendency. During the testing process of the resistance area 79.33/36, the pair confirmed the support line 2. Now the price is testing the level 79.68, which lies between the key resistances 79.65 and 79.68. Recommendation: keep the long positions opened.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/29


GBPUSD

On the 4-hour chart:

The pair had finished the intensive decrease bear the support level 1.5484. The price started to increase after the rebound. As a result, it had been broken the resistance line 1 and it had been broken the level of the previous maximum 1.5642. The Moving Averages show the slowdown of the tendency. However the reverse is still absence.

On the 1-hour chart:

It had started at the beginning of the Asian session. It had been broken the resistance line 1 and the levels 1.5542, 1.5555, 1.5575 and 1.5623. The growth had finished near the resistance level 1.5642. As a result, it had been formed the resistance line 2 that had been one more slowdown of the downward tendency.

On the 15-minute chart:

The recoil had started after the intensive growth. The price had decreased to the support level 1.5623. If the tendency could remain it will be expected the further decrease to the level 1.5590 and to the line 1. The growth remaining signals could be a break through the resistance line 2 and resistance level 1.5642/46.

 

[MasterForex Broker]

TREND ANALYSIS OF THE EURUSD FOR 12/06/29

EURUSD

On the 4-hour chart:

The pair had decreased below the support line of the downward channel 1 at the middle of Thursday. It had been reached the support level 1.2417. The price had rebounded from the support level to the resistance line 2 after the rebounded from the support level. It had been broken the lines 0 and 3 and levels 1.2474 and 1.2510 during the growth. The Moving Averages show the slowdown of the tendency.

On the 1-hour chart:

The price had started the growth after unsuccessful testing of the support level 1.2417. The upwards dynamics had been restricted by the resistance line 1. The price had broken the line after some hours of fluctuations along the line. It had been broken the trend line 0 and 2. The pair had reached the resistance line 3 and after that it had started the reverse. However, the price remained to move inside the downward channel between the line 1 and 3. The Moving Averages gave the reverse signal.

On the 15-minutes chart:

The pair had started the day with the flat along the resistance level 1.2455. After the break through the level it had started intensive growth. The pair had reached the resistance line 1. After that it could be expected the strong slowdown of the dynamics. If the reverse could remain, the pair will decrease to the support level 1.2510. The break through the resistance line 3 and 4 on the 1-hour chart could be the signal of the growth remaining.

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/07/02


USDCAD

On the 4-hour chart:

The Friday 170-pip falling was restricted by the support level 1.0162, after that the pair turned to flat. The lines 1 and 2 still can have an influence on the price dynamics. The confirming of the level 1.0194 as a resistance is possible.

On the 1-hour chart:

The pair started the day with the growth until the level 1.0194, from which it rebounded. The level 1.0181 could make a weak support to the declining pair. The moving averages are still showing the descending trend.

On the 15-minute chart:

The lines 1 and 2, which were formed during the last few hours, are the borders of the descending channel. The bottom of the channel is under testing now. Recommendation: wait for the clear breaking through the support 1.0162, and then open the short position.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/07/02


AUDUSD

On the 4-hour chart:

During the Friday growth, the pair recorded the six-week high at 1.0268. After that, the rebound from the 1.0262 followed. The pierced at the end of the previous week line 2 could be confirmed as a support.

On the 1-hour chart:

At the end of the last week, the pair broke through the support line 1, along which it has been growing. The increase was restricted by the level 1.0262. After that, the pair found a support at the area 1.0225/17. The moving averages are showing the confident growth by inertia.

On the 15-minute chart:

The pair started the week with the short decrease to the level 1.0225, after which it turned to flat. The moving averages confirm the horizontal direction of the price dynamics. Recommendation: refrain from the trading until the clear tendency would appear.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/07/02


USDJPY

On the 4-hour chart:

The pair is still operating within the ascending channel, clamped by the lines 1 and 2. On the last week there were formed the lines 3 and 4, which could also affect the price dynamics. The sharply increase after the rebound from the line 3 and level 79.22 ended by the recoil from the 79.94. The pair is declining at the moment.

On the 1-hour chart:

The pair is moving between the lines 1 and 2, getting close to the resistance line 3. The price herewith started the rebound from the support level 79.53. The moving averages consider the consolidation. The nearest resistance levels are 79.65 and 79.74.

On the 15-minute chart:

The pair now is moving within the short-term channel, clamped by the lines 1 and 2. The price started the growth after the rebound from the intersection of the line 2 and support level 79.53. Recommendation: wait for the recoil from the line 1 and resistance area 79.65/68, and after that open the short position.

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/07/02


USDCHF

On the 4-hour chart:

The pair had left the upward channel between the support line 1 and the resistance line 2 with the break though the support line. Herewith the local low level of the present tendency 0.9448 had not been broken. It had started to form the upward recoil. The Moving Averages had given the downward tendency signal.

On the 1-hour chart:

The pair had started the day with the growth from the level 0.9472 in the point of the cross with the support line 1. If had been broken he resistance line 2 and the price had reached the line 3 during the increase. After that it had started the recoil in the direction of the line 2. The pair places on the line 2 at the moment. The Moving Averages show the presence of the downward trend in the stage of the correction.

On the 15-minute chart:

The pair had increased to the resistance level 0.9521 and had broken the line 1 during the growth. The second rebound from the line 2 had been in the point of the cross with the line 2. After that it had lowered to the line 1. The price is clamped between the lines 1 and 2 now. In will be a breakthrough of the line 1 or 2 in the near future. And the further dynamics will develop in the direction of the breakthrough with high probability.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/07/02


GBPUSD

On the 4-hour chart:

The price had started the downward recoil after the skyrocketing on Friday. The pair decreased to the support level 1.5642 during the downward dynamics. The Moving Averages show the presence of the upward tendency in the stage of the correction.

On the 1-hour chart:

It had been formed the support line 1 at the beginning of the day. After that it had been found the resistance line 2. The pair approaches to the support line 2. The Moving Averages show the presence of the upward dynamics in the correction.

On the 15-minute chart:

The pair fluctuates in the downward convergent channel between the support and resistance lines. The price moves in the direction of the support line 3. If the support lines 2 and 3 could be broken as well as the support level 1.5646, the decrease will remain. If the resistance line 3 could be stronger than the resistance line 1, the probability of the further growth will increase.