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

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Trend analysis of the USDCHF for 12/06/21


USDCHF

On the 4-hour chart:

The pair remains to move in the corridor between the trend line and the channel line 1. The correction from the support level 0.9448 remains as well. The Moving Averages show the remaining of the downward trend.

On the 1-hour chart:

It had started the correction after the rebound from the support level 0.9448.The rebound from the level had confirmed the line 1 confirmed the line as a support for the third time. The resistance line 2 had been broken at the beginning of the day. The line 2 had been confirmed as a support recently. The price increased higher the level 0.9480. The Moving Averages prepare to give the reverse signal.

On the 15-monite chart:

The pair started the day with the rebound from the support level 0.9448 and between the support line 1 and the resistance line 2. It was a breakthrough of the resistance lines 2 and 3 later. The line 3 had been confirmed as a support after the breakthrough. After that the pair increased higher the level 0.9480. As a result of the correction it had been formed the support line 4. If the correction could remain and the level 0.9480 could be confirmed as a support the growth will remain. The trend line 0 will be a restriction in the case. If the price could arrive under the level 0.9480 the flat dynamics will continue. The signal for the trend continuation could be a break of the level 0.9448. However, aggressive traders could try to open the short position after the price will decrease under the level 0.9480.

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Trend analysis of the GBPUSD for 12/06/21


GBPUSD

On the 4-hour chart:

The pair remains to fluctuate between the trend line 0 and the channel line 1. It was a rebound from the resistance level 1.5753 during the upward dynamics. It was broken the support level 1.5715. The price approaches to the support line 2. The Moving Averages show the presence of the correction, however, there is enough time till the reverse signal.

On the 1-hour chart:

It was formed the resistance line 3 after the rebound from the resistance level 1/5753 and the channel line 2. The line 3 was broken upwards at the beginning of the day that means the slowdown of the decrease. The price remains to move in the direction of the line 1. The Moving Averages gave the reverse signal.

On the 15-minute chart:

The pair increased higher the line 1 at the beginning of the day. It had been broken the support level 1.5699 and 1.5690 during the correction. The nearest support is 1.5646. If the level could be broken, the pair will decrease tot eh trend line. If the support level could not be broken, it will start the flat between present support and resistance levels. If it could be broken the resistance level, the growth will continue.

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Trend analysis of the EURUSD for 12/06/21


EURUSD

On the 4-hour chart:

The pair remains to move inside the channel between the trend line 0 and the channel line 1. The price increased to the resistance line 2 earlier. It started the testing of the resistance level 1.2711 after the small recoil. The price tested the level for a few hours. After that it was a rebound to the support level 1.2667. The fluctuations place in the diapason between the support level and the resistance level. The Moving Averages confirm the flat tendency.

On the 1-hour chart:

The price left the corridor between the support line 1 and the resistance line 2 to the end of Wednesday by the break through the support line. It is important to note the formation of the downward channel between the support line 3 and the resistance line 4. The Moving Averages confirm the flat character of the dynamics.

On the 15-minute chart:

The price remains to decrease inside the divergent corridor between the support line 1 and the resistance line 2. The price had foothold under the line 3 at the beginning of the day. The pair decreased under the trend line now. The nearest support places at the level 1.2633. If present dynamics could remain, flat tendency will be replaced by the reverse. The foothold of the price under the level 1.2633 could be a good entering point for short position in case of the presence of the reverse signal from the MAs. If the price could arrive above the trend line, the growth will continue. In the case trades could open the long positions from the trend line.

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Trend analysis of the USDCAD for 12/06/22


USDCAD

On the 4-hour chart:

Against the background of the growth, which caused by the news, the descending trend line has been pierced. The price confirmed the resistance level 1.0289. The moving averages are lately registering the reversal tendency.

On the 1-hour chart:

The correction of the descending trend unexpectedly ended by the piercing of its top border – the line 1. The growing price has found the resistance in the area 1.0089/95. After that, the flat between the mentioned area and the level 1.0272 followed.

On the 15-minute chart:

The short-term ascending trend line 1 has been pierced. The pair turned to flat. The moving averages confirm the horizontal direction of the dynamics. Recommendation: close the long positions near the level 1.0289 and wait for the end of the flat.

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Trend analysis of the AUDUSD for 12/06/22


AUDUSD

On the 4-hour chart:

After the rebound from the resistance area 1.0199/217, the pair started the sharply decline. The support lines 1 and 2 had been pierced. The moving averages confirm the reverse. The breaking through the support level 1.0030 started.

On the 1-hour chart:

The lines 1 and 2 are restricting the downward channel, within which the pair has been falling during the second day. The impulse, caused by the macroeconomic news, is weakening. The nearest support levels are 0.9988 and 0.9971.

On the 15-minute chart:

Besides the borders of the channel – lines 1 and 2, the support line 3 affects the dynamic of the pair. In case of piercing of the support area 1.0030/25, there is a possibility of the forming of less aggressive downward trend. Recommendation: keep the short positions opened, but move the stop losses not above the 1.0040, close the positions with the first signs of the flat.

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Trend analysis of the USDJPY for 12/06/22


USDJPY

On the 4-hour chart:

The three-day ascending trend, which has been clamped by the lines 1 and 2, continues. The pair reached the key resistance level 80.45 and started to rebound after the touching of it. The testing of the level could result the end of the growth.

On the 1-hour chart:

The pair movement is restricted by the level 80.45 from the top, while the line 1 gives a confident support. The breaking through the numerous resistance levels weakened the trend significantly, although the moving averages are showing the serious bullish bias.

On the 15-minute chart:

After the rebound from the 80.45, the pair confirmed the level 80.32 as a support. The price continues the growth. In this case, piercing of the resistance, rebound with the following falling and flat are equiprobable. Recommendation: trade only after breaking through the resistance; in the opposite case wait for the stabile dynamics.

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Trend analysis of the GBPUSD for 12/06/22


GBPUSD

On the 4-hour chart:

The pair had broken the support level 1.5715 and had rebounded downwards with the confirmation of the level as a resistance. The support line 2 had been broken later and the price decreased to the trend line 0. As a result of the decrease it was formed the resistance line 3. The price is clamped by the trend line 0 and the resistance lines 2 and 3. The Moving Averages show the presence of the strong correction; however the reverse signal had not been reached.

On the 1-hour chart:

It had seen a rebound from the level 1.5715 and had confirmed it as a resistance. After that intensive decrease started. As a result, the pair broke the support line 1 in the point of the cross with the level 1.5636 and decreased to the level 1.5575. At the moment the pair arrived above the trend line 0 and reached the resistance level 1.5636. The Moving Averages show the presence of the downward tendency.

On the 15-minute chart:

The pair arrived higher the trend line 0 and the line 1 at the beginning of the day. The price moved along the trend line after it arrived above the line. However the price dropped the line 1 later with the confirmation of the line as a support. After that the pair arrived above the trend line. The price clamped between the trend line 0 and the resistance lines 2 and 3. If the pair could fix under the trend line and the resistance lines could not be broken, it will form the downward trend. In the case the price will move in the channel between the lines 1 and 2. If the trend line could be stronger the resistance lines 2 and 3 it will be a breakthrough of the levels 1.5636 and 1.5646.

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Trend analysis of the EURUSD for 12/06/22


EURUSD

On the 4-hour chart:

The price broke the support line 1.2667 and the trend line after the rebound from the resistance 2. The decrease was strong enough. It had been broken the level of the previous local low 1.2559. The Moving Averages prepares to give the reverse signal.

On the 1-hour chart:

The pair broke the support line of the channel 2 and the trend line 0 after the rebound from the resistance line 1. The level of the previous local low 1.2559 had been broken to the end of the day with the lowering to the level 1.2533. The price rebounded upwards and confirmed the level 1.2559 as a resistance after the support level had been reached. As a result, it had been formed the resistance line 3. The Moving Averages show the presence of the downward trend. As well, the reverse signal had been reached yet.

On the 15-minute chart:

The day had started with the rebound from the level 1.2533. After that it was the increase to the level 1.2560 that had been confirmed as a resistance. The second rebound from the support level was further. Considering all, the pair started the consolidation in the flat channel between the support and resistance levels. To the moment the pair broke the resistance line 1. The flat tendency is the most probable situation. Traders should pay enough attention to the resistance line 2. If the resistance line could be broken, the flat will remain. If the resistance level could be broken as well, it will be recoil upwards. However if the support level could be broken, the price will decrease between the support line 1 and the resistance line 2.

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Trend analysis of the USDCAD for 12/06/25


USDCAD

On the 4-hour chart:

After the rebound from the level 1.0295, the pair lowered to 1.0260, but failed to foothold below that support. The trend line 1, which has been formed at the middle of the last week, also gives a support to the price. The moving averages are ready to cross, which would be a bullish signal.

On the 1-hour chart:

The growing pair is testing the resistance area 1.0269/72. In the case of success, the price would open the way to the key level 1.0295. The consolidation between the mentioned resistance and the support line is possible.

On the 15-minute chart:

The pair has reached the channel line 2 and started the correction. The closest resistance levels are 1.0281, 1.0286 and 1.0289. Recommendation: trade after the rebound from the line 1 counting on the continuing of the growth after the end of the correction.

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Trend analysis of the AUDUSD for 12/06/25


AUDUSD

On the 4-hour chart:

Opened with the small downward gap, the pair has been trading with decline during the Asian session. The support 1.0030 has been pierced. The next support level lies at 0.9993. The moving averages continue to show the descending tendency.

On the 1-hour chart:

After the breaking through the channel between the lines 1 and 2, the pair grew to the level 1.0068, but we can see the decline since the beginning of the week. The short-term downward trend line 3 has been formed. The moving averages confirm the continuing of the falling.

On the 15-minute chart:

The lines 1 and 2 outline the descending trading channel. The pair rebounded from the line 2 and turned into the technical correction phase. Recommendation: wait for the resumption of the descending movement, after that continue to trade on the short positions.

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