MasterForex Broker – Trend analysis of currency pairs and Comments (Updated daily)

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TREND ANALYSIS OF THE AUDUSD FOR 12/07/13

AUDUSD

On the 4-hour chart:



During the current week there have been formed the lines 1 and 2, which are the borders of the descending. Now the pair is in the phase of the technical correction, caused by recoil from the line 2. The price pierced the level 1.0154 upwards. The moving averages have given the bearish signal.

On the 1-hour chart:



During the last American and Asian sessions, the pair formed the ascending trend channel, clamped by the lines 1 and 2. The moving averages started turning in the direction of the current tendency. The nearest resistance lies at 1.0182.

On the 15-minute chart:



The pair finished the correction period of the daily ascending trend by the rebound form the level 1.0153, confirmed it as a support. The price is trying to hold above the level 1.0163 at the moment. The resistance line 1 lies on the way of the pair, which grows within the trend. Recommendation: keep the long positions opened, but move the stop losses to breakeven.

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TREND ANALYSIS OF THE USDJPY FOR 12/07/13

USDJPY

On the 4-hour chart:



The pair continues the consolidation between the resistance line 1 and level 79.22. After the rebound from the resistance, the pair started to fluctuate between the 79.22 and 79.36. The moving averages are showing the descending trend by inertia.

On the 1-hour chart:



The flat dynamics between the levels 79.36 and 79.22 can be traced quite clearly. The pair broke through the resistance line 1 once again. The level 79.26 has an influence on the pair dynamics as well. It is likely that the flat will last until the end of the week.

On the 15-minute chart:



During the second half of the Asian session, the pair formed the lines 1 and 2, which clamp the descending channel. However, after reaching the level 79.22, the pair changed the direction and pierced the channel upwards. Recommendation: refrain from the trading until the end of the flat.

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TREND ANALYSIS OF THE USDCHF FOR 12/07/13

USDCHF

On the 4-hour chart:



The price continued the growth with the break through the resistance area 0.9789/9802 after the rebound from the resistance level 0.9750. After that the growth continued between the support line 1 and the resistance line 2. The Moving Averages show the presence of the upward trend.

On the 1-hour chart:



The price rebounded from the resistance line 1 and the correction started. It was restricted by the support line 2 and the resistance line 3. The correction directed to the support line of the upward channel 4. The Moving Averages show the remaining of the downward trend.

On the 15-minute chart:



The pair started the day inside the downward channel between the support line 1 and the resistance line 2. If present dynamics could remain the pair will reach the support line of the upward dynamics 3. In case of the break through the resistance line 2 the pair will start the growth. The remaining of the downward dynamics along the support line is possible as well. In case of the break through the resistance line the pair will remain the downward dynamics along the line 1.

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TREND ANALYSIS OF THE GBPUSD FOR 12/07/13

GBPUSD

On the 4-hour chart:



The pair broke the support lines 1, 2 and 3 as well as the support levels 1.5497, 1.5475 after the rebound from the resistance level 1.5575. The decrease had been restricted by the support line 4 after that it had started the correction. After that it had been formed by the support line 5. The Moving Averages show the downward trend.

On the 1-hour chart:



The price broken the resistance line 1 and reached the line 2 after the rebound from the support level 1.5402. The support line of the correction 3 had been formed since the increase. The price broke the support line after the rebound from the line 2. However, the price had continued the upward dynamics along the resistance line. The Moving Averages show the slowdown of the downward trend.

On the 15-minute chart:



The pair reached the line 2 and rebounded from the line during the growth along the support line of the correction 1. After that the price continued the growth along the resistance line 1. The pair is approaching to the resistance line 2 at the moment. If the line could be broken, traders will start to seek the possibilities to sell. If the price could rebound, the trend dynamics will continue.

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TREND ANALYSIS OF THE EURUSD FOR 12/07/13

EURUSD

On the 4-hour chart:



The pair rebounded from the resistance line 1 and decreased below the support line 0 after the small correction. However, the price arrived below the line 0 and continued the correction with the formation of the support line 2. The price clamped between the resistance line 1 and the support line 2. The Moving Averages show the remaining of the trend.

On the 1-hour chart:



The decrease of the price finished near the support level 1.2179. After that the pair increased higher the line 0 and formed the support line 1. The pair in the direction of the resistance line 2. The Moving Averages show the remaining of the downward trend.

On the 15-minute chart:



After the rebound from the resistance level 1.2211 the price decreased under the line 1. If it could be a breakthrough the test of the support level 1.2170 will continue. If the price could remain to move higher the line 1, it will be broken the resistance line 2 and the increase will continue.

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TREND ANALYSIS OF THE USDCAD FOR 12/07/17


USDCAD

On the 4-hour chart:



The lowering pair is testing the resistance level 1.0133. In case of success, the way to the key level 1.0120 would be opened. The moving averages are showing the moderated downward tendency. We remind that the pair is declining within the middle-term descending trend, clamped by the lines 1 and 2.

On the 1-hour chart:



The pair rebounded from the resistance level 1.0162 and continued the testing of the support level 1.0133. The lines 1 and 2, which are the borders of the channel, have been formed. The moving averages are showing the resumption of the downward tendency.

On the 15-minute chart:



The pair aimed the end of the correction period. In case of the recoil from the line 1 and level 1.0139, the price probably will continue the dynamics within the current descending tendency. Recommendation: wait for the rebound and start to sell.

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TREND ANALYSIS OF THE AUDUSD FOR 12/07/17

AUDUSD

On the 4-hour chart:



The pair, which continues to grow, started the testing of the key resistance at the level 1.0292. The price pierced the resistance line 1 and left the large descending channel. There was formed the support line 2, which restricts the price dynamics from the downside.

On the 1-hour chart:



The pair grows within the ascending channel between the lines 1 and 2. The price recorded the 7-day high at 1.0307. The moving averages confirm the stabile upward tendency. The nearest resistance lies at 1.0313.

On the 15-minute chart:



The pair is trying to foothold above the level 1.0292 at the moment. The price started the correction after rebound from the line 1. The lines 2 and 3 are also affecting the price dynamics. Recommendation: close the position and resume the trading only after the end of correction.

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TREND ANALYSIS OF THE USDJPY FOR 12/07/17

USDJPY

On the 4-hour chart:



Since the middle of the last week, the pair has been declining within the channel, clamped by the lines 1 and 2. The price is in the correction phase at the moment. The moving averages confirm the strong descending trend. The pair is testing the support area 78.93/86.

On the 1-hour chart:



After the Monday falling, the pair started the growth. There were formed the lines 1 and 2, between which the price is growing. The moving averages are showing the turn or correction. The nearest confirmed support level lies at 78.72.

On the 15-minute chart:



The pair pierced the resistance levels 78.80 and 78.86 during the growth. The price is testing the resistance area 78.93/96. The recommendation for traders: keep the long positions opened but be ready for the rebound from the line 2 on the 4-hour chart.

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Trend analysis of the USDCHF for 12/07/18

USDCHF

On the 4-hour chart:



The pair remains to decrease between the support line 1 and the resistance line 2. The price broken the support line 3 and decreased to the cross of the line 4 and the support level 0.9761 during the decrease. The Moving Averages show the slowdown of the growth.

On the 1-hour chart:



The pair decreased to the support level 0.9761 and to the support line 1 with the break through the support lines 2 and 3 after the rebound from the resistance level 0.9834. The Moving Averages show the downward tendency.

On the 15-minute chart:



The pair remains to consolidate between the support line 1 and the resistance line 2. If the support line could be broken the pair will continue the downward dynamics. If the resistance line could break the resistance line the pair will remain the growth to the resistance line 2 on the 1-hour chart.

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Trend analysis of the GBPUSD for 12/07/18

GBPUSD

On the 4-hour chart:



The pair remained the growth along the support line 1. The resistance line 2 had been broken. The level 1.5561 had been reached and the flat had started between the support level 1.5615 and the resistance level 1.5561. The pair increased above the resistance line 3 and broken the support line 1. The pair fluctuates between the lines 1, 2 and 3. The Moving Averages show the upward trend.

On the 1-hour chart:



The pair decreased to the support level 1.5575. After that it was a rebound from the support level and the support line 1 had been formed. The pair increased above the lines 2 and 3 after the rebound from the resistance level 1.5663. The pair decreases along the support line 3 at the moment. The Moving Averages show the slowdown of the upward trend.

On the 15-minute chart:



The pair started the day between the support line 1 and the resistance level 1.5663. The pair reached the support line 2 to the moment. If the resistance level could be broken, the pair will remain the increase. If the support line 2 could be broken, the pair will decrease to the support line and the level 1.5615.

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