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

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Trend analysis USDCAD 15.06.12


USDCAD

On the 4-hour chart:

The pair rebounded from the support line 1 and started to fall. The level 1.0268 has been pierced, the price is testing the 1.0224. The price dynamics is under the influence of the support line 2. The moving averages are showing the moderated descending trend.

On the 1-hour chart:

The pair moves within the expanding channel between the lines 1 and 2. The lines 3 and 4 have been limiting the price dynamics since yesterday. Now the pair is in the correction phase, which has a form of flat between the levels 1.0240 and 1.0231.

On the 15-minute chart:

The fluctuating pair touched the line of descending trend 1. The most likely scenarios are:

1) Breaking through the support area 1.0231/24 and resumption of the decline within the current trend

2) Breaking the trend line and resumption of the flat

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Trend analysis USDJPY 15.06.12


USDJPY

On the 4-hour chart:

The pair rebounded from the recently formed resistance line 1 and started the sharply falling. The price has crossed the support line 2 and level 79.17 and stopped when touched the support 78.78. The pair has started the rebound.

On the 1-hour chart:

The pair has left the trading channel, clamped by the lines 1 and 2, by piercing the support. After the rebound from the level 78.78, the price begun the slowly growth. The closest resistance level is 79.17. The moving averages are still showing the descending trend.

On the 15-minute chart:

The pair had been declining along the line 1, which was pierced after the rebound from the support area 78.78/85. After that, the support line 2 was mapped. The moving averages started to change the direction to the horizontal. Recommendation: wait for the stable ascending tendency or, in case of the falling resumption, for the breaking through the level 78.78.

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Trend analysis AUDUSD 15.06.12

AUDUSD

On the 4-hour chart:

The pair moves along the ascending trend, clamped by the lines 1 and 2. The correction period has finished by rebound from the support line and the level 0.9926. The price has reached the top border of the channel and started to test the resistance level 1.0030.

On the 1-hour chart:

The growing phase within the trend between the lines 3 and 4 ended after reaching the crossing of the lines 2 and 4. In addition, the price has been testing the level 1.0030 during the whole Asian session. The moving averages are confirming the stabile upward tendency.

On the 15-minute chart:

The pair continues the moving between the lines 1 and 2. The price has formed the clear triangle by the line 1 from the bottom and the area 1.0025/30 from the top. Thus, the most likely scenarios are:

1) Breaking the triangle downwards. The nearest support in this case would be the level 0.9988.

2) Breaking the triangle upwards. In this case, the pair would record the month maximum.

Recommendation: wait for the piercing of the triangle border and open the appropriate position.

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Trend analysis of the USDCHF for 12/06/15


USDCHF

On the 4-hour chart:

The pair remains the downward dynamics in the direction of the line 1. The dynamics places along the resistance line 2. The Moving Averages show the presence of the bearish trend. The price places near the previous local low 0.9500.

On the 1-hour chart:

The pair remains to be traded inside the downward channel between the support line 1 and the resistance line 2. The Moving Averages show the presence of the stable bearish tendency. The pair had tested the support level 0.9500 today. It expects the other testing of the level.

On the 15-minute chart:

The decrease had slowed down near the support level 0.9500. The pair clamped in the thin space between the support level and the line 1. If the level could be broken, traders will reach a good entering signal of the trend remaining. After the foothold lower the level traders could open the short positions. Is the line could be broken, the correction dynamics could remain. In the case the dynamics could be restricted by the trend line 0.

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Trend analysis of the GBPUSD for 12/06/15


GBPUSD

On the 4-hour chart:

The pair remains to fluctuate higher the support line 1. However the price had decreased to the support line 1 during the consolidation between the line and the resistance level 1.5575. The growth restricts by the resistance line 2. The Moving Averages determined the flat dynamics with the possibility of the growth.

On the 1-hour chart:

The price had lowered to the support level 1.5484 yesterday. The growth had continued after the rebound from the level. The day had started with the decrease. The price had reached the support level for the second time, however, it had been formed the tendency of the recoil higher the line 1. The Moving Averages show the weak growing tendency. If the resistance level could not be broken in the near future the flat will develop.

On the 15-minute chart:

The pair had started the day near the local high and not far from the resistance level 1.5575. After that it had started the decrease, that had fastened in the last hours. As a result, the price had touched the support level 1.5484 and that rebounded to the line 1. The pair rebounded from the line and confirmed it as a resistance. If present dynamics could remain, the line 1 will be confirmed as a resistance on the other time-frames. It expects the end of the flat between the support and resistance levels. If the resistance level could be broken, traders will reach the good entering point for the long positions.

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Trend analysis of the EURUSD for 12/06/15

EURUSD

On the 4-hour chart:

The pair had continued the upward dynamics between the trend line 0, support line 1 and resistance line 2. The Moving Averages show the presence the growing trend. The quotes approach to the middle-term resistance line 3. The price remains to fluctuate inside the middle-term trend channel.

On the 1-hour chart:

The pair remains to increase along the support line 1. It had been broken important resistance level 1.2598 and the price had continued to grow. The Moving Averages show the remaining of the clear growing trend. Traders could seek the possibilities to buy the pair after the break through the level.

On the 15-minute chart:

It had been overcame the resistance level 1.2598 at the end of the previous day. The decrease had finished after the breakthrough and the bullish trend had continued. The pair had not reached the resistance line 3 during the last upward movement, also, it had been broken the support line 2. At the moment there is a possibility of the flat tendency development. Also, the correction could remain till the line 1. It is important to note that the price places near the level 1.2625. If the price could foothold higher the level the pair will break through the pair will remain to increase inside the upward channel. As well there is a likelihood of the flat dynamics along the support line 1. If the price could foothold lower the level 1.2598 traders will orient by the line 1. If the line could be broken, the decrease will be restricted by the level 1.

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Trend analysis of the AUDUSD for 12/06/19


AUDUSD

On the 4-hour chart:

The pair has left the ascending channel between the lines 1 and 2, confirming the line 2 as a support. It is too early to speak about the new trend line. The price has pierced the resistance level 1.0127 and tries to foothold above it.

On the 1-hour chart:

The dynamics of the pair is restricted from the bottom by the support line 1 and from the top – by the resistance line 2, which is under active testing now. The moving averages continue to show the strong ascending trend. The next key resistance could be found at 1.0217.

On the 15-minute chart:

The lines 1 and 2 are the borders of the short-term upward channel, which has been formed during the Asian session. The price is in the correction phase now. Recommendation: take a profit on the long positions and resume the trading after foothold of the price above the level 1.0135.

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Trend analysis of the USDJPY for 12/06/19


USDJPY

On the 4-hour chart:

The falling pair has formed the channel by the lines 1 and 2. The nearest support could be found at 78.93, and then the area 78.72/64 is located. The moving averages are showing the moderate descending trend.

On the 1-hour chart:

The pair has been consolidated between the lines 1 and 2 until the support has been pierced. The price tries to foothold below the level 78.93 again. In case of success, the probability of the further decline would increase sharply.

On the 15-minute chart:

The pair has been declining within the channel between the lines 1 and 2. The rebound from the level 78.85 pushed the price to the level 79.13. After that, the slowly decrease along the line 3 begun. Pierced the support area 78.96/93, the pair continued the falling. The level 78.85 is under testing again. Recommendation: set the close-up stop loss and wait for the breaking through the support level. The line 4 could also affect the price dynamics.

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Trend analysis of the USDCHF for 12/06/19


USDCHF

On the 4-hour chart:

The corridor between the trend line 0 and the support line 1 was replaced, that was a signal of the slowdown. The price had rebounded from the support line 1 and had directed to the trend line 0. After that it was a rebound from the trend line and downward dynamics continued. The Moving Averages show the coincidence of the trend direction and the direction of present dynamics.

On the 1-hour chart:

The pair formed the support line 1 during the intensive growth of the previous day. The line had been broken later and was working as a resistance line. As well it was formed the support line 2 that had been broken at the end of the day. The price formed the support line 3 and the resistance line 4 today. The pair had broken the line 4 and approaches to the trend line now.

On the 15-minute chart:

The price had started the day inside the downward channel between the lines 1 and 2. However, the line 2 had been broken later and the pair had reached the trend line 0. After that it was a rebound and the price continued the trend dynamics. If the support level 0.9521 could be broken, it will be expected the formation of the flat of reverse.

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Trend analysis of the GBPUSD for 12/06/19


GBPUSD

On the 4-hour chart:

The pair had rebounded from the trend line 0 and had increased above the resistance level 1.5715. After that it was a rebound in the direction of the trend. The price had broken the resistance line 1 during increase. As well, it had been formed the channel line 2 after the rebound. The line 1 had been confirmed as a support. The pair consolidates between the resistance level and the support line 1. The Moving Averages show the presence of the upward trend.

On the 1-hour chart:

Yesterday decrease had been finished by the rebound from the support level 1.5636 in the point of the cross with the line 1. Also, the line 1 had been confirmed as a support. After that the price increased to the resistance level 1.5690. The Moving Averages show the remaining of the upward tendency, as well the indicators show the slowdown of the tendency. The price places at the support line 1 now.

On the 15-minute chart:

The pair remains the consolidation between the support line 1 and the resistance line 2. The price places near the line 1 now. If the price could remain inside the consolidation area, the likelihood of the growth will remain. If the support line could be broken, it will be expected the further decrease to the trend line 0 or flat.

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