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

[MasterForex Broker]

Trend analysis of the USDJPY for 12/11/30

USDJPY

On the 4-hour chart:

The pair continues the growth after the recoil from the support level 81.81. The price touched the resistance area 82.53/66 and turned to the correction phase of ascending tendency. The moving averages are showing the consolidation.

On the 1-hour chart:

The pair formed the ascending trend channel between the support line 1 and resistance line 2. The level 82.35 was pierced and now is waiting for the confirmation as a support. The moving averages are showing the activation of ascension trend.

On the 15-minute chart:

The pair recoiled from the resistance line 2 and started the correction. The piercing of the support level 82.95 will be a bearish signal. The recoil from the support will be a stimulus to buy.

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[MasterForex Broker]

Trend analysis of the USDCHF for 12/11/30

USDCHF

On the 4-hour chart:

After the recoil from the resistance line 1, the pair started to decline by piercing the support lines 0.9315, 0.9290 and 0.9275. The price continues the decrease. The moving averages are showing the bearish trend.

On the 1-hour chart:

The pair pierced the support level 0.9265 after the long testing. The nearest support lies at 0.9422. The pair is lowering within the channel between the lines 1 and 2. The moving averages are showing the descending tendency resumption.

On the 15-minute chart:

The pair recorded the monthly low at 0.9245 and started the correction of bearish trend. Traders will continue to sell after the receiving the signals about the correction end on the elder timeframes.

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[MasterForex Broker]

Trend analysis of the AUDUSD for 12/11/30

AUDUSD

On the 4-hour chart:

The pair continues to move between the resistance line 1 and support line 2. The price started to test the support lines 2 and 3. The nearest support lies at the level 1.0401. The moving averages are showing the consolidation.

On the 1-hour chart:

The pair is moving straight within the descending trend channel between the lines 1 and 2. Now the price mentioned the beginning of the bearish trend correction form the line 1 and level 1.00418. The moving averages are showing the recoil.

On the 15-minute chart:

The pair is fluctuating between the support level 1.0418 and resistance level 1.0438. The price formed the intraday upward trend channel between the lines 1 and 2. In case of piercing of the corridor, spectaculars will start the active trading.

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[MasterForex Broker]

Trend analysis of the GBPUSD for 12/11/30

GBPUSD

On the 4-hour chart:

The pair continued to move within the ascending trend channel between the lines 1 and 2. The price herewith is testing the key resistance level 1.6050. The moving averages are showing the upward trend.

On the 1-hour chart:

The pair grows within the short-term within the ascending trend channel between the support line 1 and resistance line 2. Herewith, the price has not already gained a foothold above the level 1.6050. The moving averages are showing the moderate upward trend.

On the 15-minute chart:

The pair confirmed the support line of the short-term of bullish trend 1 and continued the testing of the level 1.6050. In case of holding the price above the level, traders will continue to bull the market. Otherwise, the large flat will resume.

By MasterForex Company

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/11/30

EURUSD

On the 4-hour chart:

After the recoil from the level 1.2890, the pair started the intensive growth. The levels 1.2955 and 1.2985 have been pierced. The price reached the level 1.3020. The moving averages are showing the ascending trend resumption.

On the 1-hour chart:

The pair formed the ascending trend channel between the support line 1 and resistance line 2. After the recoil from the support, the price reached the level 1.3020 and started the testing. The moving averages are showing the confident trend.

On the 15-minute chart:

At the end of the Asian session, the pair started the testing of the resistance 1.3020. In case of success, traders will continue to bull the market. Otherwise, the pair will turn to the phase of upwards trend correction.

By MasterForex Company

 

[montagu]

Today is the last day of the month, I think that EUR/USD is on the way up for the end of the day Those charts looks like Christmas trees

 

[MasterForex Broker]

Hello everyone,

MasterForex Company switches to a new Analytics format. We'll introduce you the overview of the main economical events of the current day.

From now, every day at 1:00 p.m. (GMT+2) we'll publish the general review of financial news, which influnce the Forex market. Every Friday you take a tour of the past week with a forecast for the next one.

 

[MasterForex Broker]

Overview of the main economical events of the current day - 12/12/2012

USD remains under pressure as investors are waiting for the results of FOMC meeting

Yesterday was quite a positive day for EUR thanks to a couple of surprises allowing the currency to demonstrate some growth, while USD remained somewhat under pressure as investors wait for the 2-day FOMC meeting to end today.

First piece of positive news came from Germany yesterday, showing that ZEW index (an indicator of the economic sentiment) suddenly reached 6.9 points coming up from negative 15.7 while analysts forecasted the number to be around negative 12. Another surprise came from Greece which announced that the government bought back Greeek bonds worth EUR 31.8bn – a number that some people doubted it could be reached. Combination of this news gave investors hope that the debt crisis in Eurozone might be just a little bit less severe than expected, sending EUR up.

While there are some statistics we are expecting today from Eurozone (such as UK's unemployment data and industrial production in EU), we think that investors' attention is likely to remain on USA, where the second day of FOMC meeting is to take place today. While we doubt that there will be any surprises when in comes down to decisions regarding interest rate and another round of quantitative easing in some form, we believe the investors should pay attention to the tone of comments of the head of FRS which are usually quite market moving.

With the lack of the news coming from FOMC meeting yesterday, USD remained under pressure, while EUR demonstrated some growth on a few surprises. However we believe, that investors are in a waiting stance and we should definitely see some heavy market action once the Federal Reserve System makes its announcement.

By MasterForex Company

 

[MasterForex Broker]

Overview of the main economical events of the current day - 13/12/2012

FOMC meeting ended as expected sending USD down; now is the time turn your attention back to Europe

Yesterday the Fed announced that it will continue to purchase long-term Treasuries after the expiration of Operation Twist at a pace of USD 45bn per month which was quite expected. The main surprise in the Fed announcement was the shift to numerical targets for unemployment and inflation in its forward guidance. Specifically, the Fed said that rates will remain low "at least as long as the unemployment rate remains above 6.5%" and inflation does not move more than 0.5% above the Fed's 2% long-term target. Fed forecasts for unemployment and the fed funds rate were consistent with the previous guidance that most policymakers do not see tightening until 2015. The initial FX market reaction has been USD-negative. Given that the Fed is on course to expand its balance sheet substantially, this supports a weak USD regime.

Now with the FOMC meeting finished, investors should turn their attention back to Eurozone, where a couple of important political news are happening. First of all, EU has agreed in a common banking supervision framework that give the ECB regulatory responsibility for banks within the euro area with more than EUR 30bn in assets or that have assets of 20% of their national economy's GDP. This is quite positive news which should result in a more sustainable European banking system and a sign that different members of the EU can find some common ground.

Another important piece of news from Europe to watch for today is ECB meeting during which a release of the next tranche of international aid for Greece is expected. In case everything goes as planned, the International Monetary Fund would release EUR 48bn in rescue loans in 4 installments enabling Greece to avoid bankruptcy. With almost no statistics coming out from Eurozone today and quite negative news for USD, we believe EUR has a good chance to demonstrate some growth today on the positive news coming from ECB.

By MasterForex Company

 

[MasterForex Broker]

Overview of the main economical events of the current day - 14/12/2012

Expect some profit taking as the week ends but watch out for Japan

Yesterday dollar showed mixed dynamics hanging softer than euro feeling the consequences of the Fed decision but fractionally firmer against JPY, which is under pressure due to elections in Japan this weekend. While there are some numbers coming out from both Europe and USA, they are unlikely to move the markets which are currently ruled by political news rather than fundamentals.

As expected, euro continued to rise on the positive news regarding the common banking framework and another tranche of international aid being given to Greece. GBP was hit yesterday after Standard and Poor's changed its rating outlook for UK from "stable" to "negative" quoting rising governmental debt to GDP ratio, which will start to come down only in 2015, according to agency.

We expect some investors to take profits in EUR/USD today as it looks like the whole Eurozone story is over for now – the minister have done everything that's possible and we are unlikely to see any market surprises coming from them today. Some movement is possible in GBP pairs as the news about the downgrade hit the wires late in the evening, meaning that some investors might have not played the news yet.

Finally, all eyes on JPY and Japanese elections. With opinion polls in Japan suggesting that the Liberal Democratic party, led by Shinzo Abe, likely will score a strong victory, the yen was left defensive on the notion that the LDP leader has promised to pressure the central bank to take more aggressive steps to boost the economy, steps that likely would weigh on the yen, traders surmise. While many agree with that notion, some traders caution that the bet against the yen is now quite hefty after real-money players and model-driven funds increased short yen positions this week, and some worry that the yen could rebound sharply if something triggers a round of profit-taking on those positions. In any case, looks like the elections in Japan are bound to affect other currencies – one way or another.

By MasterForex Company