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Trend analysis USDJPY 12.06.11

USDJPY

On the 4-hour chart:

After the unsuccessful try to return to the previous downward channel between the lines 1 and 2, the pair started the growth along the line 3. The price has been testing the resistance level 79.65 and then started to rebound. Let’s look through the situation in detail.

On the 1-hour chart:

At the beginning of the week, the pair continued to move within the channel, clamped between the lines 1 and 2. Reached the resistance area 79.69/65, the price changed the direction and started the correction. The line 2 and support 79.53 are under testing now.

On the 15-minute chart:

The pair pierced downward the channel, which was formed on Friday by the lines 1 and 2. The long testing of the level 79.65 has finished by the failure. The next support after the 79.53 would be the level 79.42. Recommendation: wait for the confirmation of the flat end.

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Trend analysis USDCAD 12.06.11


USDCAD

On the 4-hour chart:

Last week, the pair broke downwards the uptrend channel, clamped by the lines 1 and 2. Despite the 46-pip gap, which this week trading has been started with, the price is still within the new channel between the lines 3 and 4. Let’s look through the situation in detail.

On the 1-hour chart:

The pair recorded the three-week low at 1.0199 at the end of Asian session. After the rebound from the support line 1, the price started to grow. The steady increase during the last three hours gives the chance to foothold above the level 1.0222.

On the 15-minute chart:

The lines 1 and 2 are describing the dynamics of the price during the Asian session. The pierced upwards triangle could be highlighted. The followed upward dynamics allows to draw the support (3) and the resistance (4) lines. Recommendation: wait for the final foothold of the pair above the level 1.0222 and the piercing of the resistance line 5; after that the long position could be opened.

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Trend analysis USDCHF 12.06.12


USDCHF

On the 4-hour chart:

During the last dynamics the pair had increased tot eh short-term trend line 0. After the rebound the pair had continued to test the resistance line. At the moment the price overcame the line. The Moving Averages are in bifurcation point. If the growth could remain it will be reached the bullish signal. If the price could continue to decrease, the lines just touch each other.

On the 1-hour chart:

The pair had reached the short-term trend line 0 during the growth on Monday. After that it had been the rebound from the line, however, the price had not finished to test the line. The pair is above the trend line now. Moreover, the support line had been broken. The Moving Averages had given the signal about bullish trend presence.

On the 15-minute chart:

The pair had lowered to the level 0.9595 from the beginning of the day. After that it had started the intensive growth that had caused the break through the lines 1 and 2 as well as through the level 0.9620. The pair had increased a bit higher the line 2. Now there is a possibility of the downward recoil. If the recoil could be a good entering point will be the foothold lower the trend line. The potential of the movement restricts by the line 3.

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Trend analysis GBPUSD 12.06.12

GBPUSD

On the 4-hour chart:

The pair had started the week higher the trend line 0. Later it has formed the resistance line 1. The price had continued the upward dynamics after it had been reached the support line 2. The pair is near the resistance level 1.5516. The Moving Averages prepare to give the bullish signal.

On the 1-hour chart:

The pair had started the day near the cross of the previous trend line 0 and the support line 1. After that the price had continued the upward dynamics along the support line 1. The pair tests the resistance level 1.5516 now. The next level is 1.5575. This level will be reached if it will be broken the resistance line 2. The moving Averages show the presence of the bullish trend.

On the 15-minute chart:

The pair had reached the resistance level 1.5516 and had rebounded from the point of the cross with the resistance line 1. If the price could now decrease lower the level 1.5498 it will continue the growth. Moreover, the support provides by the line 2. The main restrictions are the line 1 and the level 1.5516. If the line or the level could be broken, it will be expected the further growth to the level 1.5575. If the line or the level could not be broken, it will start the decrease.

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Trend analysis EURUSD 12.06.12


EURUSD

On the 4-hour chart:

The support line of the upward channel had moved to the line 0. The line is determined as a short-term trend line. The pair had opened the week with the gap near the high border of the channel – the line 1. Later it had been formed the resistance line 2. The price had reached the trend line and had rebounded upwards with the break through the resistance line. The pair increases now, the Moving Averages show the upward trend presence.

On the 1-hour chart:

The pair had started the week with the correction from the high border of the channel 1. It had been formed the resistance line 2 that had been broken before the pair had reached the short-term trend line 0. After that the pair had lowered under the trend line and had rebounded from the support line 3 at the point of cross with the line 2. The price is near the resistance level 1.2536 at the moment. The Moving Averages show the remaining of the correction tendency. However, if the growth could remain it will be reached the bullish signal.

On the 15-minute chart:

The pair had started the day under the trend line. After the rebound from the support line 1 in the point of the cross with the line 2 the price had returned into the channel. It had started the correction, caused by the line 3. The correction had finished near the line 0. And it had started the intensive growth. If present tendency could remain, the potential of the tendency will be restricted by the channel line 4. Traders should also pay attention to the line 5. If the expectations concerning the European crisis could be stronger the positive news from the European Union about the results of ant crisis measures, the decrease will continue. In the case it could be expected the break through the trend line.

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Trend analysis USDCAD 12.06.12


USDCAD

On the 4-hour chart:

The pair is moving within the expanding descending channel, clamped by the lines 1 and 2. The resistance line is under the testing now. The nearest resistance level lies at 1.0361, the support could be found at 1.0291.

On the 1-hour chart:

The pair got back to the previous channel between the lines 1 and 2 on Monday. The descending movement along the line 3 started on Tuesday. The price is getting close to the support levels 1.0291 and 1.0268. Let’s look through the situation in detail.

On the 15-minute chart:

The formed during the Asian session short-term channel was clamped by the line 1 from the top and by the line 2 from the bottom. The pair started the decline after the rebound from the resistance. The level 1.0291 supports the line 2. Recommendation: follow the news background carefully – it could cause the breakthrough.

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Trend analysis AUDUSD 12.06.12


AUDUSD

On the 4-hour chart:

The pair has been fluctuating in flat since the end of the previous week. Started the Monday with the gap, the price got back to the level 0.9862 at the end of the day. The Tuesday started with the growth, but the rebound from the resistance 0.9913 is possible.

On the 1-hour chart:

The recoil from the resistance 0.9913 has been already started. The following scenarios are likely:

• The falling price rebounds from the support line 1. In this case, the forming of the highlighted triangle is possible.

• The pair continues the decline breaking through the support 1 and level 0.9862. In this case, the next support will be the level 0.9827.

In addition, the flat or growth are plausible, but the news background likely would cause them. Recommendation: take a profit when the support 1 will be reached.

On the 15-minute chart:

The pair has been moving within the channel between the lines 1 and 2. After the unsuccessful testing of the resistance 0.9913, the channel was broken. The falling price pierced the support 3 and started to test the line 4. The breaking through the line 4 would be a sign of the resumption of decline until the line 5.

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Trend analysis USDJPY 12.06.11


USDJPY

On the 4-hour chart:

After the unsuccessful try to return to the previous downward channel between the lines 1 and 2, the pair started the growth along the line 3. The price has been testing the resistance level 79.65 and then started to rebound. Let’s look through the situation in detail.

On the 1-hour chart:

At the beginning of the week, the pair continued to move within the channel, clamped between the lines 1 and 2. Reached the resistance area 79.69/65, the price changed the direction and started the correction. The line 2 and support 79.53 are under testing now.

On the 15-minute chart:

The pair pierced downward the channel, which was formed on Friday by the lines 1 and 2. The long testing of the level 79.65 has finished by the failure. The next support after the 79.53 would be the level 79.42. Recommendation: wait for the confirmation of the flat end.

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Trend analysis USDCAD 13.06.12


USDCAD

On the 4-hour chart:

The pair continues to decline within the descending channel between the lines 1 and 2 along the resistance. The pair, which has reached the support level 1.0268, started the testing. The moving averages are considering the weak descending tendency.

On the 1-hour chart:

The pair is trying to foothold below the level 1.0268, but the support level 1.0249 is affecting on the price dynamics. The lines 1 and 2 could describe the current descending channel. The moving averages are suggesting the flat dynamics. We could assume the forming of the triangle, if draw the lines 3 and 4.

On the 15-minute chart:

The pair started the growth after the rebound from the support line 1. The closest level from the top is 1.0268, but the price has not been confirmed it as a resistance. Since the fact that pair is moving within the last quarter of the plausible triangle, do not wait for the intensive dynamics after the breaking through its borders. Recommendation: close the position with the minimum loss and wait for the clear tendency.

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Trend analysis AUDUSD 13.06.12


AUDUSD

On the 4-hour chart:

The two-day growth helped the pair to return almost all the Monday loss. The price, which is moving along the support line 1, is testing the level 0.9971. The moving averages are suggesting the temperate ascending trend. In case of the rebound from the resistance, we could consider the end of the bullish tendency started in the past Monday.

On the 1-hour chart:

The pair is growing along the line 1 for the second day. The resistance area 0.9962/71 is under the testing now. In case of the success, the price will find the key resistance at 0.9988. The moving averages are indicating the weak ascending tendency.

On the 15-minute chart:

The pair is growing straight in accordance with the channel, clamped by the lines 1 and 2. The technical correction period has finished by the rebound from the support line. The pair has pierced the resistance 0.9962/70 and now is trying to foothold above it. Recommendation: take a profit when the key resistance 0.9988 would be reached.

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