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Trend analysis AUDUSD 12.06.07


AUDUSD

On the 4-hour chart:

The pair has pierced the resistance 1. The price was clamped between the lines 2 and 3. The level 0.9913 has been broken through, and the level 0.9957 is under testing now. The price recorded the 3-month high. Let’s look through the situation in detail.

On the 1-hour chart:

The lines 1 and 2 are outlining the borders of the ascending trend. The line 3, which restricts the price dynamics from the top, has been formed during the last two days. The pair started the correction from the 0.9957 level.

On the 15-minute chart:

The pair is fluctuating between the resistance 0.9962 and support 0.9937. The price is moving in flat within the correction after the rebound from the line 1 and getting closer to the line 2. The most likely scenario – resumption of the flat to the line 2 with the following rebound from it. Recommendation: keep the long positions opened and wait for the trend continuing. The target after the rebound from the support is 1.0000.

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Trend analysis USDJPY 12.06.07


USDJPY

On the 4-hour chart:

The pair has got close to the top of the middle-term lines 1 and 2. The current short-term trend, clamped between 3 and 4, is in the correction phase now. There are two possible scenarios:

1) The pair piercing a resistance and continues growth

2) The pair finishes the correction by the rebound from the line 1

On the 1-hour chart:

The trend line 1 has leaded the pair to the resistance 1, backed by the resistance area 79.43/53. The first signs of the technical correction appeared. The pair is testing the support 2. Let’s look through the situation in detail.

On the 15-minute chart:

After the short rollback from the level 79.43 to 79.23, the pair started to rebound from the support. The price has pierced the short-term trend line. The possibility of the level testing resumption with the following breaking through it is big. The next level would be 79.06, in case of piercing which, the price could found a support at 78.78.

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Trend analysis USDCAD 12.06.07


USDCAD

On the 4-hour chart:

The rollback after the rebound from the line 1 is continuing. The pair pierced the support 2. The price is testing the level 1.0268. The breaking through the level will open the way to 1.0222. The line 3 has an influence to the price dynamics.

On the 1-hour chart:

The pair pierced the support line 2 of the descending channel. The lines 3 and 4 have formed the new channel. The pair is testing the support level 1.0268, showing the flat within the correction, which started after the rebound from the line 4.

On the 15-minute chart:

Looking through the situation in detail, the clamped between the lines 1 and 2 descending channel could be distinguished. The mentioned channel describes the trajectory of the pair within the correction of the major trend. Recommendation: save the bearish bias due to the fact that after the reaching of the line 3 the decreasing of the price has to accelerate.

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Trend analysis USDCHF 07.06.12

USDCHF

On the 4-hour chart:

The pair had remained to fluctuate under the resistance line 1. The first signal of the trend end was the break through the trend line 0. The Moving Averages prepare to give the other reverse signal. After the rebound from the support level 0.9541 it had been formed the support line 2 that converges to the resistance line.

On the 1-hour chart:

Both reverse signals had been reached yet. The price had rebounded from the level 0.9541 and had formed the support line 1. After that it had been reached the resistance level 0.9578 that had not been broken now.

On the 15-minute chart:

The pair had rebounded from the support lines 1 and 2 at the point of the cross with the support area 0.9541/45. After that It had been formed the support line 3. The probability of the flat tendency is increasing now. The flat could be placed between the support level 0.9545 and the resistance level 0.9578. However, if the pair could break through one of the levels, the further dynamics will develop in the direction of the breakthrough with high probability.

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Trend analysis GBPUSD 07.06.12



GBPUSD

On the 4-hour chart:

The pair could not increase to the resistance line as well as to increase to the previous local high level 1.5516. The Moving Averages show the remaining of the downward trend. Moreover, it had been broken the support line 1 however, the price is still higher the support line2. As a result, it could be said about remaining of the downward trend direction.

On the 1-hour chart:

The pair had left the upward channel between the lines 1 and 2. Also the trend line 0 had not been reached as well as previous local high level 1.5516. The pair moves to the line 3 now and tests the level 1.5449. The Moving Averages had given the reverse signal from the downward direction to the upward. However, the lines converge now once again. Nevertheless it is early to speak about the continuation of the downward trend.

On the 15-minute chart:

The pair had left the borders of the resistance line 1 and had touched the resistance level 1.5516 to the end of Wednesday. After that it had started the decrease. The price had remained the direction on Thursday and it had been broken the support line 2. The trend line 0 had not been reached. Moreover, it could be said about the formation of the resistance line 3. The pair is clamped between the resistance line and the support level 1.5449 now. The price is testing the level for an hour and a half, however, the success had not seen. If the support level could not be broken, the probability of that the line 0 will be reached will increase sharply. However, the return inside the previous channel could not be guaranteed. On the other hand the break through the support will open the way to the support line 4 and support level 1.5402.

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Trend analysis EURUSD 07.06.12


EURUSD

On the 4-hour chart:

The pair had remained to increase. It had grown to the level 1.2581 (50.0 fibo level). After that it had started the rebound. It had been formed diverge upward channel during the growth. The fluctuations restrict by the support line 1 and the resistance line 2. It had been broken the trend line 0 earlier, that was a clear signal that the trend finishes. The pair prepares to give the second signal – cross of the Moving Averages.

On the 1-hour chart:

The pair remained to move upwards above the support line 1. Moreover it had been formed the resistance line 2. The resistance line 3 had been broken at the second part of Wednesday and the pair had continued to increase. The Moving Averages show the remaining of the upward tendency. The correction had started to at the moment; however, there is a likelihood of the growth continuation from the support level 1.2536.

On the 15 minute chart:

The pair had rebounded from the resistance level 1.2581 at the beginning of the day that had allowed making the resistance line 1. After that the price had formed the downward channel between the support line 2 and the resistance line 3. Present dynamics directs to the support line 4. If the direction of the movement could remain, the pair will reach the support line 4. However if the pair could rebound from the support level, it will be expected the further growth. On the 4-hour chart the pair prepares to give the reverse signal. If the signal could be reached, the situation will be clearer and it will be easier to determine the present trend direction.

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Trend analysis USDCHF 11.06.12

USDCHF

On the 4-hour chart:

The pair had continued to fluctuate in the downward corridor between the support line 1 and the resistance line 2. The price had rebounded from the resistance line 2 at the point of cross with the support line 3 at the evening of Friday. After that it had started the trend movement. The price had opened with the downward gap. It places between the support level 0.9490 and the resistance level 0.9541 now. The Moving Averages confirm the flat dynamics.

On the 1-hour chart:

The pair had opened the trading with the gap by 115 pips on Monday. As a result, the trading had started near the low border of the channel 1. The pair had rebounded from the resistance line on Friday. And it had started the decrease. The Moving Averages had given the signal that confirmed the bearish trend.

On the 15-minute chart:

The pair had rebounded from the support line 1 at the first hours of Monday had formed the channel between the support line 2 and the resistance line 3. The price fluctuates in the upward trend. The pair could reach the resistance line 0 on Tuesday. If the growth will remain and the pair will reach the resistance line, it could be expected the recoil. In the case traders could open the short positions after the rebound from the channel line. The second possibility supposes the trend dynamics will continue before the border will be reached.

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Trend analysis GBPUSD 11.06.12


GBPUSD

On the 4-hour chart:

The pair continued the dynamics higher the line 1. The price had lowered under the line 0 at the end of the week. However the line 2 had been broken after the rebound from the support line1. After that the price had increased higher the line 0 one more time. The Moving Averages show the close revers of the trend direction.

On the 1-hour chart:

The pair had increased higher the line 0. The price had changed the trend direction to the line 1 after the rebound from the resistance level 1.5575. Also, it had been formed the resistance line 2. The moving averages show the presence of the upward tendency. Also, it is important to note that the previous local high level 1.5575 had not been broken.

On the 15-minute chart:

The pair had opened with gap at about 35 pips on Monday. The trading had begun higher the line 0. The pair is lower the resistance level 1.5575 and the resistance line 1. At the same time the support provides by the level 1.5516 and by the line 2. There is a likelihood that the price will remain to fluctuate inside the channel between the support line 1 and the resistance line 2. As well, the price could form the flat dynamics between the level 1.5516 and 1.5575.

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Trend analysis EURUSD 11.06.12


EURUSD

On the 4-hour chart:

The pair had continued to fluctuate in the upward trend. The price had left the channel also it had been overcome the support line 1 before the Friday trading had been finished. It had seen that the price had arrived inside the channel moreover the price had opened with the gap. The pair had increased higher the resistance line 3 and 4 and the level 1.2581. The Moving Averages show the growing direction of trend.

On the 1-hour chart:

It had seen the gap between the price on Monday and on Friday. It was more than 140 pips. As a result, the Moving Averages had given the bearish trend and remain the character. Moreover the pair continues to fluctuate inside the corridor between the trend line 0 and the channel line 1. It is one more signal of the growing trend.

On the 15-minute chart:

The pair had started the day higher the line1. The price had arrived inside the cannel later. Moreover it had been formed the downward corridor between the lines 2 and 3. If the tendency could remain, the price will reach the low border of the upward corridor 4. There is a likelihood of the correction near the level 1.5298.

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trend analysis AUDUSD 12.06.11


AUDUSD

On the 4-hour chart:

The price has started the growth along the support line 2 after the breaking through the resistance line 1. The pair opened this week trading with the gap of 66 pips up. The line 2 is under testing now. The level 0.9993 restricted the growth.

On the 1-hour chart:

The pair, which opened the trading with the gap, started the week in the narrow flat between the levels 0.9988 and 0.9971. The price pierced the line 1, which had been formed at the second half of the Friday. Let’s look through the situation in detail.

On the 15-minute chart:

On closer inspection of the chart it can be seen, that the pair is not moving strictly horizontally, but with a slight slope down. This fact makes possible to draw the lines 1 and 2, which outline the plausible descending channel. The price shows the correction at the moment. Recommendation: begin the trading after receiving the clear signals, which would confirm the trend dynamics existence.

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