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

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/27


USDCHF

On the 4-hour chart:

The pair remains the growing dynamics. The movement slowed down after the resistance level 0.9622 had been reached. As a result the support line 1 had been broken. The Moving Averages show the slowdown of the trend.

On the 1-hour chart:

The price recoiled below the support line 1 after the unsuccessful testing of the resistance level. It had been formed the resistance line 2 and the support line 3 during the decrease. The Moving Averages show the slowdown of the growth. However, the last local high and low had been higher than previous. It is the signal of the trend remaining.

On the 15-minute chart:

The pair fluctuates between the support line 1 and the resistance line 2. The price approaches to the support line 3. If the line 3 could be broken, the decreasing tendency will remain. The break through the support line 1 could mean the acceleration of the downward tendency. If the line 2 could be broken it will start testing of the resistance level 0.9622. In the case the upward trend will remain. If the lever could not be broken the price will recoil to the support level 0.9583.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/27


GBPUSD

On the 4-hour chart:

The pair remains the flat movement. However the trade channel had been extended. The support level moved from 1.5575 to 1.5555. The resistance level 1.5623 had been replaced by the level 1.5642. The Moving Averages confirm the flat tendency.

On the 1-hour chart:

The pair reached the resistance level 1.5642 and had rebounded downwards after that. As a result, the support line 1 had been formed. The price decreased below the support line2. The Moving Averages show the presence of the upward tendency at the stage of reverse.

On the 15-minute chart:

The pair tested the support level 1.5623 from the beginning of the day had decreased below it at the moment. If the tendency could remain, the price will foothold below the support line 1. It will be a good entering point for the short position with the target at the level 1.5575. Traders should pay attention to the level 1.5590. The line 2 will be a resistance line. The line 3 could be used as an oriental line of the tendency. If the tendency could be weak, the pair will get stuck between the support level 1.5590 and the level 1.5623. The break through the line 2 will be a signal of the growth continuation.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/27


EURUSD

On the 4-hour chart:

The pair remains to move below the line 0 that could be determined as a short-term trend line. As well, it had been formed the support line 1. The price places between the support level 1.2476 and the resistance level 1.2504 at the moment. The Moving Averages show presence of the downward trend.

On the 1-hour chart:

Trading proceeds inside the narrower diapason after the growth of the volatility on Tuesday. The flat remains from the midday of Monday. However, the pair remains to move inside the downward corridor between the trend line 0 and the channel line 1. Present dynamics is the correction during the decreasing trend. The Moving Averages confirm that.

On the 15-minute chart:

The price remains to move in flat channel between the support level 1.2476 and the resistance level 1.2504. The pair could reach the short-term trend line 0 to the end of the day. If the trend line could not be broken the decreasing trend will remain. Traders could open the short positions. Target will be placed on the support line 1. Hereby, traders should pay attention to the support level of the flat corridor 1.2476.If the trend line could be broken, it will remain the flat. The break through the resistance level of the channel will be a signal for the further growth.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/27


AUDUSD

On the 4-hour chart:

The pair rebounded from the support 0.9993, and pierced the resistance 1.0030. The level 1.0060 is under testing now. In case of the recoil, the large flat is likely. The moving averages confirm the weakening trend dynamics.

On the 1-hour chart:

The pair is fluctuating between the levels 1.0068 and 1.0047. The support line 1 had been pierced. Despite the fact that the moving averages confirm the weak growth, there are no prerequisites for the soon piercing of the key resistance level.

On the 15-minute chart:

The pair pierced the line 1 and started to fluctuate within the ascending channel between the lines 2 and 3, which eventually became more flat. The line 4 has been formed during the Asian session. The pair is consolidating and testing the lines 2 and 4 in turn. Recommendation: wait for piercing of one of the lines and start the trading in the appropriate direction; use the close-up stop losses in case of the flat continuing.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/27


USDJPY

On the 4-hour chart:

The pair rebounded from the support line 1 of the middle-term trend and started the growth. The price got close to the key resistance level 79.65, piercing of which would signalize the end of the correction period within the mentioned trend.

On the 1-hour chart:

The short-term downward tendency finished by the recoil from the line 1 with the followed large flat. The break through the resistance area 79.65/74 would be a signal of the ascending trend beginning. The key resistance levels will be the 80.10 and 80.29. In addition, the growing pair could confirm the resistance line 2.

On the 15-minute chart:

The pair left the descending channel between the lines 1 and 2 and started the growth. The key resistance level 79.65 is under testing now. Recommendation: keep the long positions opened and wait for the piercing.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/27


USDCAD

On the 4-hour chart:

The pair, which is moving within the descending channel between the lines 1 and 2, rebounded from the support and started the correction. The most likely, that the price would rebound from the resistance line 1 backed by the key level 1.0260. The moving averages are ready to provide a delayed bearish signal.

On the 1-hour chart:

The pair touched the resistance 1.0260 and started the testing. The moving averages confirm the downward tendency. Considering the growing intensity of the correction, we can assume the forming of the false breaking through the level.

On the 15-minute chart:

After the rebound from the line 2 and level 1.0231, the pair formed the line 3, along which the price has been growing during the Asian session. Then the acceleration of the tendency followed. Upon reaching the level 1.0260, the pair started the testing. Recommendation: close the long positions. The rebound from the level would be a good point to open the short position, while in case of the piercing, we should wait for the testing of the trend line 1.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/28


USDCHF

On the 4-hour chart:

The pair had started intensive growth after the short-term flat between the support level 0.9593 and the resistance level 0.9632. It had been a leap to the resistance line 1 after the rebound from the support level. At the moment the growth remains. The Moving Averages show the presence of the bullish trend.

On the 1-hour chart:

The pair had started the day with the rebound from the resistance level 0.9632. It had been reached the support level 0.9593 after the short-term decrease. After that it had started the decrease. As a result, the price had broken the resistance level 0.9632 and the growth had finished near the resistance line 1. The Moving Averages show the presence of the upward trend.

On the 15-minute chart:

The pair had started the day with the testing of the resistance level 0.9632. The support had been provided by the lines 1 and 2 in the point of their cross during the decrease. The lines had been broken downwards later. The price had increased sharply to the resistance line 3 after the level 0.9593 had been reached. The recoil from the level had been a good entering point for the long position. At the moment it had started to form the recoil. If the recoil could be not very deep, the growth will remain. The line 3 will not be broken and will remain as a resistance with the high probability.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/28


GBPUSD

On the 4-hour chart:

The price continued to fluctuate below the resistance line 1. The price decreased to the support level 1.5555 after the rebound from the resistance line 1 in the point of the cross with the resistance level 1.5642. The pair remains to decrease at the moment. The Moving Averages show the remaining of the downward trend.

On the 1-hour chart:

The pair had increased to the resistance line 1 after the rebound from the support level 1.5555. After that the price had continued the trend dynamics. The Moving Averages show the presence of the downward trend.

On the 15-minute chart:

The pair had started the day with the growth. However it had started intensive sales after the resistance line. At the moment the price decreased below the level 1.5543. However the rebound from the resistance line had been a good entering point for the short position. The target could be placed at the level 1.5543. If the tendency could slow down it will start the flat or recoil.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/28


EURUSD

On the 4-hour chart:

The pair rebounded from the support line 1 of the downward channel and had increased higher the trend line 0. The growth had been restricted by the resistance level 1.2518. The price decreased to the short-term trend line after the rebound from the resistance level and it. The Moving Averages show the slowdown of the decrease.

On the 1-hour chart:

The price remains to fluctuate between the support level 1.2455 and the resistance level 1.2747. After the short-term testing of the support line and level the price rebounded upwards. The price had broken the resistance line at the beginning of the day and it had started the correction. As a result of the correction the pair increased higher the resistance line 2. The price remains to decrease at the moment.

On the 15-minute chart:

The price corrected to the resistance level 1.2518 and it had started the decrease. The break through the level 1.2510 was a good entering point for the short position. The support level 1.2455 could be a reference point for income. It is seen the strong enough downward tendency. It could be expected the break through the support line.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/28


AUDUSD

On the 4-hour chart:

The pair is growing within the ascending channel, clamped by the lines 1 and 2. After the long testing, the key resistance level 1.0060 has been pierced. The pair is testing the level 1.0127 at the moment.

On the 1-hour chart:

The pair is growing along the support line 1. After the testing of the resistance area 1.0121/27, the price fell to the support line and started to test it. The moving averages continue to show the ascending tendency.

On the 15-minute chart:

After the rebound from the level 1.0121, the pair pierced the support 1.0098 and the line 1. The price has just touched the key area 1.0068/60. In case of the breaking through the support, the pair would open the way to the area 1.0030/25.

By MasterForex Company