The pair increased to the level 0.9938 after the rebound from the line 1. Later the pair arrived below the line 2 and remained to move along it. The Moving Averages show the remaining of the upward trend.
On the 1-hour chart:
The pair started the day with the rebound from the resistance line 1. After that the dynamics developed between the resistance line and the support level 0.9893. The price rebounded from the resistance line 1 to the moment. The Moving Averages show the slowdown of the increase.
On the 15-minute chart:
The pair fluctuated in flat from the beginning of the day. The price rebounded from the resistance line1 and started the decrease to the moment. If the tendency could remain the support level of the tendency will be broken. If the level could not be broken the flat dynamics will continue. The signal of the trend remaining will be a break through the level 0.9938
The pair reached the support level 1.5493 after that it was a correction to the level 1.5531. Later it had been formed the resistance line 1. The Moving Averages show the downward trend.
On the 1-hour chart:
The pair corrects from the middle of Monday. The pair formed the resistance line 1 to the moment. After that it was a rebound from the line 1 and the pair prepares to continue the trend direction movement. The Moving Averages show the remaining of the downward trend.
On the 15-minute chart:
The pair rebounded from the resistance line1. It started the test of the support level 1.5493 to the moment. If the level could be broken, traders will reach all signals of the trend continuation. If the line 1 could be broken the flat will continue. In the case of the break through the resistance level traders will reach the first signal of the upward trend.
The pair decreased to the level 1.2080. The price broke the resistance line 1 during the correction. The trend dynamics continued with the formation of the resistance line 2 after the growth to the resistance level 1.2135. The Moving Averages show the remaining of the trend.
On the 1-hour chart:
The pair started to move between the level 1.2135 and 1.2110 after the break through the lines 1 and 2. As a result of the fluctuations it had been formed the resistance line 3. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The pair fluctuates in flat till the middle of Tuesday. The price started to test the support level 1.2110 after the resistance line 1 had been reached. If the support level could be broken the pair will start to test the line 2. In the case of the breakthrough the line 2 trend dynamics will continue. If the line 1 could be broken the flat dynamics will continue. In the case of the break through the resistance level the pair will start the growth.
The growing pair stopped near the mark 1.0200 and started to consolidate around the level 1.0182. The moving averages are ready to provide the bullish signal, but it could be false due to the mixed dynamics of the last week.
On the 1-hour chart:
The lines 1 and 2 are clamping the pair dynamics now. The attempt to decline below the level 1.0182, backed by the line 1, failed. The pair confirmed the level as a support and resumed the growth. The nearest resistance lies at 1.0195.
On the 15-minute chart:
The pair is growing within the channel between the lines 1 and 2 and getting close to the key resistance 1.0195. The piercing of the level and turn to flat are equiprobable. Recommendation: close the positions and wait for the signals, confirming or refuting the resumption of the upward tendency.
The pair rebounded from the level 1.0262 after the short testing. The price has been discarded beyond the level 1.0292, but now it takes one more try to pierce the support. The current dynamics fits the borders of correction within the ascending trend between the lines 1 and 2, which is confirmed by the moving averages.
On the 1-hour chart:
The detailed inspection of situation shows that the pair fluctuates in flat between the levels 1.0313 and 1.0262. The moving averages confirm the slowing down of the falling. The breaking through the support 1.0262 will open the way to 1.0233.
On the 15-minute chart:
The pair had been moving within the ascending channel between the lines 1 and 2, until it reached the resistance line 3, which restricted the growth. The support 1 is under the testing now. Recommendation: clos the positions and wait for the piercing the support; sell after the clear break through the level 1.0262.
The pair pierced the support line 1 and started to test the area 78.29/19. The price recorded the 7-week low at 77.94. The lines 2 and 3 clamp the pair dynamics. The moving averages continue to show the stabile descending dynamics.
On the 1-hour chart:
The pair, which is in the correction phase, formed the support line 1, but it requires the confirmation. The price has returned to the previous channel between the lines 2 and 3. The line 4 can also affect the price dynamics. The moving averages are turning into a flat slowly.
On the 15-minute chart:
The pair mentioned the piercing of the line 1 downwards. The nearest support lies in the area 78.19/14. The rebound from that area would confirm the turn of pair into flat. Recommendation: refrain from the trading until the clear tendency would be formed.
It had been formed the resistance line 2 after the break through the line 1. The support level 1.2080 had been broken during the dynamics. It was a signal of the trend remaining. After that the pair recoiled from the level 1.2080. The Moving Averages show the remaining of the downward trend.
On the 1-hour chart:
The level 1.2080 had been broken in the second part of Tuesday and the price decreased to the support line 1. I had been formed the line 2. After that it was a rebound and the pair formed the support line 3 and the resistance line 4. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The pair started the day inside the channel between the lines 1 and 2. Later it was a leap to the level 1.2110 and the pair moved out of the channel. The price rebounded from the resistance level and the decrease started. If the tendency could remain, the pair will break the level 1.2050. If the price could rebound from the support level and could break through the resistance level it will be reached the signal that the increase starts.
The decrease had been interrupted by the support level 1.5493. The resistance line 1 had been broken and the flat between the support level 1.5493 and the resistance level 1.5535 had started. The Moving Averages show the remaining of the downward trend.
On the 1-hour chart:
The pair remains the flat dynamics between the levels 1.5535 and 1.5493. The price places near the high border of the channel at the moment. The Moving Averages show the valuable slowdown of the decrease and formation of the flat.
On 15-minute chart:
It started the intensive growth after the rebound from the support level 1.5493. The price started to test the resistance level 1.5535. If the tendency could remain the reverse will continue and the decrease will finish. If it could be a rebound from the resistance level the flat dynamics will remain. The break through the support level will be a signal of the downward trend continuation.
The pair fluctuates between the lines 1 and 2. It was a rebound from the level 0.9965 during the upward dynamics. After that the correction started. The price places on the support line at the moment. The Moving Averages show the upward trend.
On the 1-hour chart:
The price moved along the resistance level 0.9965 at the beginning of the day. After that it was a rebound from the level and the pair started to test the support line 1. The Moving Averages show the approach of the reverse in the downward direction.
On the 15-minute chart:
The pair started the day between the lines 1 and 2. It had been broken the support line 1 in the middle of the day and the price decreased to the line 3. If the tendency could remain the support line will be broken. The next target is the level 0.9893. In the case of the breakthrough it will be reached the strong reverse signal. If it could be a rebound from the line 3 the growth will continue. The signal main signal of the growth continuations will be a break through the resistance level 0.9965.
The yesterday growth moved the pair close to resistance 1.0232. However, the followed decline returned the price back to 1.0182. The moving averages continue to show the bullish bias of the pair.
On the 1-hour chart:
The growing pair was fluctuating between the lines 1 and 2. The last correction caused the break through the support line and the level 1.0210. Against the background of the followed bearish dynamics, the moving averages started to change the direction, which is the early signal of the trend ending.
On the 15-minute chart:
During the downward dynamics, the resistance line 1 has been formed. After the piercing of support 1.0195, the pair slowed the falling down. Recommendation: keep the short positions opened counting on the break through the support area 1.0182/77.
The rebound from the support line of middle-term ascending trend 1 was the signal of the end of correction. During the last hours, the pair is demonstrating the intensive bullish dynamics. The nearest resistance level lies at 1.0262.
On the 1-hour chart:
After the short testing, the pair pierced the resistance levels 1.0222 and 1.0233. The price touched the level 1.0262, but before the beginning of fully testing, the pair should foothold above the 1.0250. The moving averages are still showing the bearish bias.
On the 15-minute chart:
The pair formed the resistance line 1 during the growth. It is too early to talk about the clear support line now. The price started to test the line 1 in the intersection point with the line 2. Recommendation: wait for the piercing of the resistances and resume the buying.
The pair continues to move within the descending channel, clamped by the lines 1 and 2. The price pierced the support area 78.29/19 downwards and started the correction. The nearest support level lies at 78.03. The moving averages are still showing the bearish trend.
On the 1-hour chart:
The pair has been fluctuating between the levels 78.11 and 78.19. The pair mentioned the piercing of resistance level now. In addition, the resistance line 1 is under testing. The moving averages are downward, which confirms the descending tendency.
On the 15-minute chart:
The pair had been fluctuating between the lines 1 and 2 until it found the support near the level 78.11. The probability of the flat resumption between the mentioned support and resistance 78.19 is big. Recommendation: enter the market after the appearance of clear trend dynamics.
The pair started the consolidation between the levels 0.9878 and 0.9905 after the break through the line 1. The price moves in the direction of the support line 2. The Moving Averages show the slowdown of the growth.
On the 1-hour chart:
The pair started the day between the levels 0.9878 and 0.9905. After that it had been formed the resistance line 1. The pair places near the support level at the moment. The Moving Averages gave the bearish signal.
On the 15-minute chart:
It had been formed the lines 1 and 2 during the fluctuations. The price approaches to the support level 0.9878 at the moment. If the level could be broken, the pair will continue the decrease in the channel between the lines 1 and 2. In the case traders will start to seek possibilities for sales. If the level could not be broken the flat will remain. In the case it will be expected the break through the resistance line2. If the resistance level could be broken traders will reach the signal of the trend continuation.
The pair continued to decrease between the lines 2 and 3 after the line 1 had been broken. It tests the support level 1.5475 at the moment. The price approaches to the support line 4. The Moving Averages show the downward trend.
On the 1-hour chart:
The pair fluctuates in the corridor between the lines 1 and 2 for the third day. The pair tests the support level 1.5475 during the downward trend. The Moving Averages show the downward trend.
On the 15-minute chart:
The pair started the day between the lines 1 and 2 however the price started the flat between the levels 1.5475 and 1.5493. If the side way tendency could remain the line 2 will be broken and it will be the first reverse signal. If the resistance level could be broken trades will start to seek the possibilities for purchases. If the pair could remain in the downward channel the tendency will remain and traders will start the sales from the level 1.5461.
The pair broke the resistance line 1 and the levels 1.2080and 1.2135 at the second part of Wednesday. The consolidation started after the high leap. The Moving Averages show the slowdown of the downward trend and formation of the flat.
On the 1-hour chart:
It had been formed the upward channel between the lines 1 and 2 after the sharp leap. It had been formed the upward tendency according to the character of the dynamics. The Moving Averages show the slowdown of the downward trend and formation of the flat.
On the 15-minute chart:
The pair started the day between the lines 1 and 2. If the tendency could remain the pair will form the upward tendency finally. In the case traders will seek the possibilities for purchases form the level 1.2156. If the support line 1 could be broken and the price could foothold below the level 1.2135 the decrease could continue. In the case it will be necessary to wait for the signal from the Moving Averages and to seek the possibilities for sales after that.
The lowering pair had been slowed down by the support line 1, which was pierced soon. The closest support lies in the area 1.0133/20. The moving averages turned over; they are ready to give a bearish signal.
On the 1-hour chart:
The pair operates between the support line 1 and the resistance line 2. The price is testing the support at the level 1.0139 now. Rebound from the level will cause the piercing of the resistance 1 and possible flat.
On the 15-minute chart:
The pair is fluctuating in flat between the levels 1.0162 and 1.0139 since the end of the Wednesday. In addition, the level 1.0154 is affecting on the price dynamics. Recommendation: close the positions and wait for the piercing or confirmation of the support level.
The pair continues to grow after the rebound from the support line 1 of the middle-term ascending trend. The price pierced the resistance levels 1.0262 and 1.0292. The nearest resistance lies at 1.0427. The moving averages have given the bullish signal.
On the 1-hour chart:
The lines 1 and 2, which were formed during the last two days, are restricting the short-term upward tendency. The pair is growing along the support at the moment. The price started to test the resistance line 3.
On the 15-minute chart:
The pair is fluctuating between the lines 1 and 2. The resistance line 3 is under the active testing. Its piercing would be a signal to buy, while the rebound could cause the piercing of the support 1. Recommendation: keep the long positions opened, but use the close up stop losses as insurance.
The pair left the channel, clamped by the lines 1 and 2, by piercing the resistance. The price dynamics for current week could be characterized as a flat between the support level 78.03 and resistance level 78.29. The moving averages are still showing the descending trend, suggesting that the flat is a correction of the current tendency.
On the 1-hour chart:
The pair is fluctuating in flat between the 78.29 and 78.03, but the price dynamics could be also affected by the levels 78.19 and 78.11. The moving averages changed the direction to the horizontal. The pair is testing the 78.19 now.
On the 15-minute chart:
The pair started to rebound from the resistance 78.19. The nearest support lies at 78.14. The lines 1 and 2, formed during the Asian session, are the borders of intraday ascending channel. Recommendation: buy after the rebound from the support line 1 of level 78.14.
The falling, which started on Wednesday by rebound from the resistance 1.0221/32, discarded the pair to the previous low at 1.0072. The price confirmed the level 1.0100 as a support. The moving averages have given the bearish signal confirming the downward tendency.
On the 1-hour chart:
The pair is fluctuating in flat between the levels 1.0010 and 1.0072. The price is trying to hold above the resistance line of the descending trend 1 now. The moving averages on this timeframe continue to show the intensive downward tendency.
On the 15-minute chart:
The pair pierced the line 1, which was backed by the level 1.0084, and it is getting close to the resistance 1.0100. The next resistance lies at 1.0120. The piercing of the support level 1.0072 would be a strong signal of the descending trend resumption. Recommendation: wait for the piercing and sell.
The three-day rally let the pair to return all the lost during the previous falling. After the short testing, the resistance line 1 was broken through. It is important to mention, that the price reached the previous high at the level 1.0427.
On the 1-hour chart:
The pair is growing within the ascending trend between the lines 1 and 2. The technical correction ended by the piercing of the resistance line 3. During the Asian session, the price was fluctuating between the lines 1 and 4. The level 1.0427 is under testing now.
On the 15-minute chart:
The pair rebounded from the resistance line 1 and started the correction towards the support line 2. The levels 1.0427 could be confirmed as a support. The nearest key resistance lies at 1.0465. Recommendation: open the long positions in case of foothold of the pair above the 1.0427.
