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Trend analysis of the EURUSD for 12/07/02


EURUSD

On the 4-hour chart:

The Friday rally finished with the short recoil. As a result the price increased above the level 1.2640 however, the pair had not increased to the level of the monthly high 1.2711. The Moving Averages had given the signal of the upwards trend presence. It is difficult to form the clear resistance line after such leap. It is correct to analyze the present dynamics from the moment of the end of the growth. In the case it could be determined the downward tendency.

On the 1-hour chart:

The pair had started the day with the decrease. The price had reversed after it had been reached the level 1.2621. The recoil in the direction of the resistance line 1 is remaining at the moment. The pair approached to the level 1.2640. The Moving Averages show the slowdown of the upward tendency. If the growth could remain indicator will give the reverse signal.

On the 15-minute chart:

The resistance line 1 had formed at the beginning of the day. It had been formed the support line 2 after the rebound from the support level 1.2621. At the moment the price fluctuates between the support level and the resistance level 1.2640. If the resistance level and the resistance line could be broken traders will prepare to the break through the previous local high level 1.2691. It will be a sign of the growth continuation. If it could be a leap above the resistance level 1.2711, traders will reach the final signal of the upward tendency remaining. If the support level 1.2621 could be broken, the downward dynamics will remain and it will be expected the decrease to the support line 2 with the further correction to the resistance line 1. As well, it could be a flat dynamics between resent support and resistance levels.

 

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Trend analysis of the GBPUSD for 12/07/03


GBPUSD

On the 4-hour chart:

The pair had remained to move along the support line 1. Herewith it is seen the consolidation between the support line and the resistance level 1.5715. It had been formed the upward directed triangle during the consolidation. The Moving Averages show the presence of the bullish tendency.

On the 1-hour chart:

The price remains to move upwards along the support line 1 in the direction of the consolidation level 1.5715. The line 2 resists the price dynamics. As a result of the fluctuations it had been formed the upward corridor. The Moving Averages show the presence of the stable upward tendency.

On the 15-minute chart:

The pair fluctuates in the upward convergent channel between the support line 1 and the resistance line 2 in the direction of the consolidation level 1.5715. The price approaches to the support line at the moment. If the support line could be strong enough to push the pair through the consolidation level the growth will continue. As well it could increase the volatility and the price could increase higher the resistance line2. If the consolidation level could be stronger that the support line it will be received the first reverse signal. The breakthrough of the consolidation level could be a goon entering point for the long position.

 

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Trend analysis of the EURUSD for 12/07/03


EURUSD

On the 4-hour chart:

The dynamics of the pair had confirmed the presence of the upward corridor between the resistance line 1 and the support line 2. As well it could be said about certain confirmation of the line 3 as a resistance. The nearest target is support level 1.2425. Traders could pay attention to the levels 1.2569, 1.2468 and to the resistance area 1.2510/17. The Moving Averages show the strengthening of the correction within the framework of the previous growth.

On the 1-hour chart:

The pair moves inside the divergent channel between the resistance line 1 and the support line 2. The price had reached the support line 2 to the end of Monday. The correction had started after it had been reached the support level 1.2569. The price increases higher the resistance line 1 now. The Moving Averages show the deep correction.

On the 15-minute chart:

The pair had started the day with the growth. The support line 1 had been formed during the movement. The price increased higher the line 2 and it approaches to the flatter resistance line 3. If the tendency could remain the line 3 will be broken. It will be the first signal of the growing tendency continuation. The second signal could be the break through the resistance level 1.2691. If the support line 1 could be broken and the pair could arrive below the line 2 it will continue the decrease. The foothold below the lines 1 and 2 could be a good entering point for the short position. The target will be a support line 4.

 

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Trend analysis of the USDCAD for 12/07/03


USDCAD

On the 4-hour chart:

The pair continues to fall, trying to foothold below the level 1.0162. The decline follows along the line 1. The moving averages are showing the resumption of the descending trend. In addition, the support line 2 could have an influence of the price dynamics.

On the 1-hour chart:

After the long flat between the resistance 1.0194 and the support 1.0162, the pair started the decline. The consolidation between the lines 1 and 2 could be seen within the Asian session. The breaking through the support level was the first signal of the falling continuing.

On the 15-minute chart:

During the first half of the day there were formed the lines 1 and 2, which are the borders of the short-term descending tendency. Piercing the support line 3, the pair would save the current channel. Otherwise, the technical correction to one of the resistance levels is possible.

 

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Trend analysis of the AUDUSD for 12/07/03


AUDUSD

On the 4-hour chart:

After the reaching the level 1.0262, the pair turned to flat between the support 1.0217 and the mentioned resistance. The price was growing along the line 2 within the last few hours. The moving averages are still considering the ascending trend.

On the 1-hour chart:

The pair has formed the new upward channel, clumped by the lines 1 and 2. The testing of the level 1.0262 is continuing. The foothold of the pair above the resistance would be a signal of trend resumption.

On the 15-minute chart:

The pair recoiled from the resistance line 1 and started to fluctuate in flat. In case of the confirming of the level 1.0262 as a support, the traders should start to look for opportunities to buy. The plausible growth is likely to be restricted by the line 1.

 

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Trend analysis of the USDJPY for 12/07/03


USDJPY

On the 4-hour chart:

The pair continues to move in flat between the areas 79.74/80 and 79.36/22. The resistance is under testing at the moment. Since the beginning of the last week, there were forming the lines 3 and 4, which are the borders of the ascending channel.

On the 1-hour chart:

Despite the flat character of the pair dynamics, the new highs and lows, recorded by the pair, are higher than the previous. After the drawing the lines 1 and 2, we can assume the existence of the weak ascending trend. The moving averages are signalizing the horizontal movement with the large amplitude.

On the 15-minute chart:

The pair formed the support line 1, as well as the lines 2 and 3, which clamp the ascending channel. The price is testing the important resistance level 79.80. In case of its piercing, it is recommended to open the long positions.

 

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Trend analysis of the USDCAD for 12/07/04


USDCAD

On the 4-hour chart:

The lowering along the line 1 pair started the testing of the level 1.0120, but is has already begun the rebound. The moving averages are showing the strong descending trend. In addition, the pair got close to the support line of the long-term downward trend 2.

On the 1-hour chart:

The pair, which has been moving within the descending channel between the lines 1 and 2, broke through the resistance and tries to foothold above it. The lines 3 and 4 are the closest resistances after the line 1.

On the 15-minute chart:

The growing pair could confirm the level 1.0139 as a support by the rebounded from it. The possibility of the flat resumption is significantly high. Recommendation: close the positions and wait for the forming of the clear tendency.

 

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Trend analysis of the AUDUSD for 12/07/04


AUDUSD

On the 4-hour chart:

The pair returned to the ascending channel between the lines 1 and 2. The resistance level 1.0262 has been pierced. The moving averages are showing the intensive upward tendency. Let’s look through the situation in detail.

On the 1-hour chart:

The pair has been fluctuating within the ascending channel between the lines 1 and 2, then it formed the lines 3 and 4, thus changing the trading channel. During the last hour the price pierced the line 4 and returned to the previous channel.

On the 15-minute chart:

After the piercing the lines 1 and 4 in the point of their intersection, the pair started to fall rapidly. The level 1.0278 was pierced. The nearest support is the 1.0262. Recommendation: keep the short positions opened, targeting to the closest support. In addition, the traders should secure themselves by the close-up stop losses.

 

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Trend analysis of the USDJPY for 12/07/04


USDJPY

On the 4-hour chart:

The pair continues to consolidate between the resistance level 79.94 and the support line 1. The lines 2 and 3 could also have an influence on the price dynamics. The moving averages are showing the extremely weak ascending tendency.

On the 1-hour chart:

The yesterday flat has been changed to the decline and the followed consolidation near the support 79.75. The pair is trying to foothold below the level at the moment. In the case of success, the price would open the way to 79.65 and to the lines 2 and 3.

On the 15-minute chart:

The pair is decreasing along the resistance line 1, getting close to the line 2. The price pierced the support level 79.75 and the line 3; now it tries to foothold lower. The growth, flat and decline are equally likely. Recommendation: refrain from the trading before the forming of the clear tendency.

 

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Trend analysis of the USDCHF for 12/07/04


USDCHF

On the 4-hour chart:

The price had rebounded upwards after the sharp decrease from the level 0.9473 in the point of the cross with the support lines 1 and 2. The price faced the resistance level 0.9556 during the upward recoil. As a result, it had been formed the support lines 3 and 4. The Moving Averages show the correction during the downward movement.

On the 1-hour chart:

It was recoil to the support line 1 of the growing tendency after the second attempt of the resistance level testing. The growth remained along the line from the point of the cross with the support line 2. At the moment the pair prepares to test the resistance level 0.9556 for the second time. The Moving Averages show the formation of the flat tendency.

On the 15-minute chart:

The price remains to move inside the upwards channel between the support line 1 and the resistance line 2 in the direction of the resistance level from the end of Tuesday. The pair rebounded from the resistance level 0.9550 to the support line of the channel to the moment. If the upwards tendency could remain it will be the next test of the resistance level 0.9556. If the resistance level 0.9550 could be stronger than the support line it will start the decrease. The formation of the downward dynamics is possible from the resistance level 0.9556 as well. It could be opened the short positions after the price will decrease below the level 0.9550 in the case. If the resistance level could be broken traders will start to open the long positions.

 

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Trend analysis of the GBPUSD for 12/07/04


GBPUSD

On the 4-hour chart:

The pair had changed the character of the dynamics from the consolidation near the resistance level 1.5715 to the reverse in the downward direction. The price had rebounded from the resistance level and had started the decrease. As a result it had been formed the resistance line 1. The pair decreased below the middle-term support line 2 at the moment. However, the lowering could not be determined as a breakthrough since the price decreased below the line by more than 130 pips. The rebound from the resistance level was a signal of the end of the growth – the pair had not reached the previous high level.

On the 1-hour chart:

The pair had finished the consolidation bad had formed the resistance line 2 after the recoil from the resistance line 1. The price is testing the support level 1.5640 now. The Moving Averages give the clear signal of the trend reverse.

On the 15-minute chart:

The pair had started the day below the resistance lines 1 and 2 in the downward dynamics. The decrease remained till the support line 3. After that it had seen the short correction and the decrease continued. The price tests the support level 1.5640 at the moment. If it could be broken traders will start the sale. If it could be a rebound the price will increase to the resistance lines 1 and 3.

 

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Trend analysis of the EURUSD for 12/07/04


EURUSD

On the 4-hour chart:

It had been formed the downward directed price channel between the support line 1 and the resistance line 2. The price leaved the channel of the support line 1 before, however it had arrived back after the beginning of the consolidation near the support level 1.2579. The pair clamped between the consolidation level and the resistance line 3 at the moment. The Moving Averages show the formation of the reverse signals.

On the 1-hour chart:

The consolidations between the support level 1.5272 and the support line 3 remains for the third day. The dynamics restricts by the resistance level 1.2621 as well. The price had broken the resistance line 4 earlier. After that the fluctuations had been placed along the resistance line 3. The pair approaches to the support level at the moment. The Moving Averages show the presence of the flat dynamics.

On the 15-minute chart:

The pair had started the day with the decrease along the resistance line 1. After that it had seen the lowering to the support line 2 with the further rebound backwards to the resistance line. The price increased a bit higher the resistance line and had continued the movement of the direction of the consolidation level 1.2572. The consolidation will finish in the near future. If the consolidation level could be broken, the pair will remain the downwards dynamics. The restriction of the decrease will be support lines 2 and 3 as well as the level 1.2560. If the resistance line 1 could be broken, is will be the signal of the flat dynamics remaining. The breakthrough of the resistance level of the channel will be a signal for the increase.

 

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Trend analysis of the USDCAD for 12/07/05


USDCAD

On the 4-hour chart:

The line 1.0120 restricted the rapid falling along the line 1. The moving averages are still showing the descending tendency. The two-day flat would be probably ended by the statistic data, which publication scheduled to the end of the week.

On the 1-hour chart:

The pair has been fluctuating in flat between the support level 1.0210 and resistance level 1.0139 since the Wednesday. The line 1, which was confirmed as a resistance, has an influence on the price dynamics as well. The moving averages have taken the horizontal direction.

On the 15-hour chart:

The pair started the testing of the resistance line 1. In case of the rebound, the price would try to pierce the support levels 1.0125 and 1.0120. Recommendation: refrain from the trading until the beginning of the trend dynamics.

 

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Trend analysis of the AUDUSD for 12/07/05


AUDUSD

On the 4-hour chart:

The pair changed the growth to the decline. During the turnover, the price pierced the lines 1 and 2. The level 1.0262 is under testing now. If the price will fall below the level, we would consider the fail of the testing, which begun on the last week.

On the 1-hour chart:

The pair changed the trading channel again by forming the resistance line 1 and support line 2. The level 1.0262 is under the active testing. The next support level is 1.0233. The moving averages confirm the consolidation.

On the 15-minute chart:

The pair is in the correction phase within the short-term descending trend, which borders are the mentioned lines 1 and 2 (H1). The rebound from the resistance line and resumption of the trend are likely. That moment would be a good point to enter short positions.

 

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Trend analysis of the USDJPY for 12/07/05


USDJPY

On the 4-hour chart:

The pair started the breaking through the support lines 1 and 3 after the rebound from the resistance level 79.94. The falling price pierced the support area 79.80/75. The moving averages continue to show the weak ascending trend. The nearest important support lies at 79.36.

On the 1-hour chart:

The unsuccessful try to foothold above the level 79.94 ended by the rapid falling. The pair is testing the support level 79.65 at the moment. There is a small chance of the rebound from the level with the following return of the price to the previous channel between the lines 1 and 2.

On the 15-minute chart:

The declining price formed the line 1, which restricts the descending tendency from the upside. The pair got close to the support line 2. The nearest local support level lies at 79.47. Recommendation: keep the short positions opened and put the stop losses in the resistance area 79.68/65.

 

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Trend analysis of the USDCHF for 12/07/05


USDCHF

On the 4-hour chart:

The pair remains to increase confidently after the rebound from the cross of the support lines 1 and 2. The tendency develops between the support line 3 and the resistance line 4. The growth restricts by the resistance lines 5 and 6. The Moving Averages prepare to give the bullish tendency.

On the 1-hour chart:

The pair had started the correction after the intensive growth from the support line 1. Present dynamics could be determined as a pennant. The price moves in the side stream in the direction of the support line 1 after the correction. The Moving Averages show the presence of the upward tendency.

On the 15-minute chart:

The pair has the flat character of the dynamics from the end of Wednesday. The fluctuations place higher the lines 1 and 2. If the support line 2 could be stronger than the resistance line 4 the growth will increase. The break through the line 4 will be a good entering point for the trend directed trading. If the support lines 2 and 3 could be broken the price will start the downward tendency that will be restricted by the support line 1 on the 1-hour chart.

 

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Trend analysis of the GBPUSD for 12/07/05


GBPUSD

On the 4-hour chart:

The pair rebounded from the resistance line 1 and from the resistance level 1.5715, after that it had started the decrease. The price broke the support level 1.5640 and stopped near the level 1.5590. The Moving Averages show the flat character of the tendency. The local high level 1.5753 had not been reached. The price had gone out of the trend line 2 of the upward channel however, the local high level 1.5715 was higher the previous local high of the present tendency.

On the 1-hour chart:

The price remains to fluctuate in the convergent channel between the support line 1 and the resistance line 2. Herewith the support level 1.5590 had not been broken yet. The price dynamics had formed the upward support line 3. The Moving Averages show the slowdown of the decreasing tendency.

On the 15-minute chart:

It had been broken the resistance line 1 of the downward tendency during the last hours of Wednesday. After that it had been formed the upward channel between the lines 2 and 3. The pair is testing the support line 2 at the moment. If the line could be broken the decrease will continue. The decrease will be restricted by the support line 1 on the 1-hour chart. The price will break the support line 1.5590 in the case. If the upward tendency could remain, the pair will increase to the resistance line 2 on the 1-hour chart.

 

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Trend analysis of the EURUSD for 12/07/05


EURUSD

On the 4-hour chart:

The pair remains the decreasing tendency and fluctuates between the support line 1 and the resistance line 2. The price broke the support line 3. The pair corrects at the moment. The Moving Averages prepares to give the bearish trend signal.

On the 1-hour chart:

It was a rebound from the resistance line 1 in the middle of Wednesday. The price broke the level 1.2570, the support line 2 and decreased below the support line 2 and the level 1.2515 for the short time. Later the price arrived back into the channel between the support line 3 and the resistance line 1. The Moving Averages show the presence of the downward trend.

On the 15-minute chart:

The consolidation inside the convergent channel between the support line 1 and the resistance line 2 started from the middle of Wednesday. The pair will leave the consolidating channel till the end of the day. If the resistance line 2 could be broken, the price will increase to the line 3, after that the lowering will decrease. If the support line 1 could be broken the price will decrease to the support level 1.2515 in the case of the breakthrough of the support line 4. If the level could not be broken, the correction will remain to the resistance line 3.

 

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Trend analysis of the USDCAD for 12/07/06


USDCAD

On the 4-hour chart:

The pair continues the growth after rebound from the level 1.0120 and gets close to the resistance 1.0162. The moving averages started the turnover, confirming the change of dynamics. The passive bias of the pair will change by the active dynamics after the publication of the US employment market.

On the 1-hour chart:

The pair rebounded from the level 1.0153, pierced the support line 1. The moving averages confirm the flat. The nearest support lies at 1.0139, and below it, there is a key support area 1.0125/20.

On the 15-minute chart:

Pierced the bottom of the descending channel between the lines 1 and 2, the pair formed the resistance line 3. The price is getting close to the support 1.0139. Recommendation: wait for the publication of non-farm payrolls in US and open the position aside the appeared tendency.

 

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Trend analysis of the AUDUSD for 12/07/06


AUDUSD

On the 4-hour chart:

The pair continues the flat dynamics between the levels 1.0292 and 1.0242.The moving averages are slowly changing the direction to horizontal. We recall that during the last week the pair is moving within the correction of the middle-term ascending trend between the lines 1 and 2.

On the 1-hour chart:

Reached the intersection of the support line 1 and the resistance 2, the pair started the rebound upward. The moving averages crossed each other, considering the possible change of the tendency. The nearest resistance lies at 1.0313.

On the 15-minute chart:

The line 1, which had been forming during the last 24 hours, was pierced after the recoil from the level 1.0246. The nearest resistance lies at 1.0278. In the case of resumption of the current dynamics, we would be able to build the support line of the intraday tendency soon.