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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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