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

TREND ANALYSIS OF THE USDCAD FOR 12/08/07

USDCAD

On the 4-hour chart:

07.08_t_ucad4.gif


The pair reached the support line 1 during the downward dynamics. It was a rebound from the support line to the moment and the pair started the dynamics in the direction of the resistance line 2. The Moving Averages show the downward trend.

On the 1-hour chart:

07.08_t_ucad1.gif


The pair formed the upward channel between the lines 2 and 3 after the rebound from the point of the cross of the line 1 and level 0.9984. The pair moves in the direction of the resistance line 4. The Moving Averages show the downward tendency.

On the 15-minute chart:

07.08_t_ucad15.gif


The price formed the upward channel between the lines 2and 3 after the rebound from the support line1. The price broke the support line of the corridor to the moment. If the tendency could remain the price will continue the downward tendency and will start to test the support line 1. In the other case the pair will break the resistance line 4 and will start to correct during the middle-term downward trend.
 
TREND ANALYSIS OF THE USDJPY FOR 12/08/07

USDJPY

On the 4-hour chart:

07.08_t_uj4.gif


The pair remains the upward dynamics between the lines 1 and 2. The price decreased to the support line 1 and rebounded upwards after the rebound form the high border of the channel. The Moving Averages show the formation of the upward tendency.

On the 1-hour chart:

07.08_t_uj1.gif


The pair reached the support line 3 during the correction between the lines 1 and 2. I started to form the break through the resistance line 2 to the moment. The Moving Averages show the slowdown of the decrease.

On the 15-minute chart:

07.08_t_uj15.gif


The pair broken the resistance line 1 and formed the line 2 at the last trading hours of Monday. The pair tests the resistance level 78.28 to the moment. If the level could be broken the pair will remain to increase along the support line 3. If the level could not be broken the decrease will remain.
 
TREND ANALYSIS OF THE USDCHF FOR 12/08/07

USDCHF

On the 4-hour chart:

07.08_t_uc4.gif


The pair decreased below the line 1 and started flat dynamics between the levels 0.9675 and 0.9715. The break through the support line 1 could be a turning point during the upward trend. The Moving Averages show the downward trend.

On the 1-hour chart:

07.08_t_uc1.gif


The pair rebounded upwards at the end of Friday and remained to move in the direction of the resistance level 0.9715. The break through the resistance level and the line 1 was a signal of the downward tendency between the lines 2 and 3 remaining. The Moving Averages show the remaining of the downward tendency.

On the 15-minte chart:

07.08_t_uc15.gif


The pair formed the support line 1 after the rebound from the level 0.9668. The price increases along the support line in the direction of the resistance level 0.9715 to the moment. If the tendency could remain the pair will break the support level and will continue the dynamics in the upward corridor higher the line 2. If the support line 1 could be broken the pair will continue the flat. The break through the support level 1.5668 will be a signal of the decrease.
 
TREND ANALYSIS OF THE AUDUSD FOR 12/08/07

AUDUSD

On the 4-hour chart:

07.08_t_au4.gif


The pair remains to consolidate between the lines 1 and 2. Previous local high 1.0535 had been broken earlier. The Moving Averages show the upward trend.

On the 1-hour chart:

07.08_t_au1.gif


The pair started the day in the correction after the rebound from the resistance line 2. The pair formed the support line 1 at the beginning of the day. The pair remains the upward tendency in the corridor between the lines 1 and 2 to the moment. The Moving Averages show the slow growth.

On the 15-minute chart:

07.08_t_au15.gif


The pair consolidates between the lines 1 and 2. The price rebounded from the support line 1 to the moment. If the tendency could remain the line 2 will be broken and the growth will continue. If the line 1 could be broken the price will start the correction during the middle-term upward trend.
 
TREND ANALYSIS OF THE GBPUSD FOR 12/08/07

GBPUSD

On the 4-hour chart:

07.08_t_gu4.gif


The pair continues to consolidate between the line 1 and 2. The price rebounded from the resistance line 2 and decreased to the support line 3 to the moment. The Moving Averages show the flat character of the tendency.

On the 1-hour chart:

07.08_t_gu1.gif


The pair decreased to the cross of the lines 2 and 3 after the rebound from the resistance line 1. The level 1.5595 had been broken. The Moving Averages prepare to give the bearish signal.

On the 15-minute chart:

07.08_t_gu15.gif


The pair formed the downward corridor between the lines 2 and 3 after the rebound from the line 1. The price decreased to the point of the cross of the support line 4 and 5 during the decrease. If the tendency could remain the support lines will be broken. In the other case traders will expect the growth to the resistance line 2 on the 4-hour chart.
 
TREND ANALYSIS OF THE EURUSD FOR 12/08/07

EURUSD

On the 4-hour chart:

07.08_t_eu4.gif


The pair increased to the level 1.5415 and rebounded downwards with the formation of the resistance line 1. The pair confirmed the level 1.2359. The Moving Averages show the upward trend.

On the 1-hour chart:

07.08_t_eu1.gif


The pair rebounded from the level 1.5415 and broken the line 1 at the second part of Monday. The resistance line 2 had been formed after the rebound from the resistance level. The pair decreased to the support line3 after the break through the line 1. The Moving Averages show the upward trend.

On the 15-minute chart:

07.08_t_eu15.gif


The pair remains to consolidate between the lines 1 and 2 today. The price rebounded from the support line to the moment. If the tendency could remain the pair will break the resistance line and the level 1.5415. Traders will open the long positions after the break through the level and line. If the support line 1 could be broken the pair will start to decrease. The break through the level 1.2359 will be a confirmation signal.
 
TREND ANALYSIS OF THE USDCAD FOR 12/08/08

USDCAD

On the 4-hour chart:

08.08_i_ucad4.gif


The pair broken important support lines 1 and 2. The decrease between the lines 3 and 4 is remaining. The price places near the cross of the level 0.9965 and the line 5 at the moment. The Moving Averages show the strong downward trend.

On the 1-hour chart:

08.08_i_ucad1.gif


The pair rebounded upwards from the support line 1. The decrease continued to the point of the cross of the lines 2 and 3 and the level 0.9984. The pair approaches to the level 0.9965. The Moving Averages show the approach of the decrease.

On the 15-minute chart:

08.08_i_ucad15.gif


The price remains to test the support level 0.9965. If the level could be broken the decrease will continue and the price will continue the decrease along the support line 1. If the level could not be broken the pair will remain to correct in the direction of the resistance line of the downward channel 4 on the 1-hour chart.
 
TREND ANALYSIS OF THE USDJPY FOR 12/08/08

USDJPY

On the 4-hour chart:

08.08_i_uj4.gif


The pair remains to consolidate between the lines 1 and 2. The price rebounded from the resistance line 2 and started to decrease. The Moving Averages show the upward tendency.

On the 1-hour chart:

08.08_i_uj1.gif


The pair formed the downward channel between the lines 2 and 3 after the rebound from the line 1. The levels 78.50 and 78.40 had been broken during the decrease. The price moves in the direction of the support line4. The Moving Averages show the formation of the reverse.

On the 15-minute chart:

08.08_i_uj15.gif


The downward channel between the lines 1 and 2 had been formed after the reverse. The support line had been broken after the break through the support level 78.50 and the decrease fastened. The price broke the level 78.40 at the moment. If the tendency could remain the price will reach the support line 3. In the case the price will rebound from the support line.
 
TREND ANALYSIS OF THE USDCHF FOR 12/08/08

USDCHF

On the 4-hour chart:

08.08_i_uc4.gif


The pair reached the support level 0.9667 and rebounded upwards after the break through the line 1. The price increased to the resistance level 0.9715 during the growth. The Moving Averages show the slowdown of the decrease.

On the 1-hour chart:

08.08_i_uc1.gif


The pair remains the consolidation between the support level 0.9667 and the resistance line 1. The day started with the remaining of the upward dynamics. As a result the resistance level 0.9715 had been reached during the decrease and the price recoiled downwards. The Moving Averages show the formation of the reverse upwards.

On the 15-minute chart:

08.08_i_uc15.gif


The pair formed the upward channel between the lines 1 and 2 after the rebound from the support level 0.9667. The pair reached the resistance level 0.9715 and rebounded downwards. If the tendency could remain the pair will break the support line 1. The break through the support level 0.9667 will be the first signal for the continuation of the decrease. If the support line 1 could not be broken the pair will continue the upward dynamics.
 
TREND ANALYSIS OF THE AUDUSD FOR 12/08/08

AUDUSD

On the 4-hour chart:

08.08_i_au4.gif


The pair reached the high border of the upward channel 1 during the growth. After that it was a rebound in the downward direction and the price broken the support level of the upward tendency. The support level 1.0535 had been reached earlier. The Moving Averages show the slowdown of the growth.

On the 1-hour chart:

08.08_i_au1.gif


The pair started the day with the rebound from the resistance line 1 and reached the support level 1.0535. The price tests the level at the moment. The Moving Averages gave the bearish signal.

On the 15-minute chart:

08.08_i_au15.gif


The pair broke the resistance line 1 during the test of the support level 1.0535. The price moves in the direction of the resistance line 2 at the moment. If the tendency could remain the pair will break the line 2. The growth will remain in the case. If the support level could be broken the correction during the upward channel on the 4-hourchart will start.
 
TREND ANALYSIS OF THE GBPUSD FOR 12/08/08

GBPUSD

On the 4-hour chart:

08.08_i_gu4.gif


The pair broken the resistance level 1.5666 and rebounded downwards during the growth along the support line 1 as well the support line had been broken. The resistance line 2 had been formed after the rebound. The price approaches to previous local low level 1.5584. The Moving Averages show the consolidation.

On the 1-hour chart:

08.08_i_gu1.gif


The pair remains to decrease for the second day. The level of the previous local low 1.5577 had been reached to the moment.

On the 15-minute chart:

08.08_i_gu15.gif


The pair fluctuates in the downward corridor between the lines 1 and 2. The line 1 had been broken earlier. The pair tests the level of the previous local low 1.5577 to the moment. If the level could be broken traders will start to open the short positions. If it could be the rebound from the resistance line 2 and the growth will continue.
 
TREND ANALYSIS OF THE EURUSD FOR 12/08/08

EURUSD

On the 4-hour chart:

08.08_i_eu4.gif


The resistance level 1.2415 had been reached during the growth. After that the pair broken the support line 1 and started the decrease. The resistance line 2 had been broken during the dynamics. The price moves in the direction of the support level 1.2359. The Moving Averages show the slowdown of the growth.

On the 1-hour chart:

08.08_i_eu1.gif


The pair recoiled from the level 1.2432 downwards and broken the lines 1 and 2. The resistance line had been formed today. The price moves in the direction of the support level 1.2353. The Moving Averages show the approach of the reverse in the downward direction.

On the 15-minute chart:

08.08_i_eu15.gif


The price rebounded from the resistance line1 and continued the decrease to the moment. If the tendency could remain the pair will break the support level 1.2353 and will arrive below the resistance line 3. If the level could not be broken the pair will continue the growth. In the case traders will start to open the long positions from the level 1.2432.
 
TREND ANALYSIS OF THE USDCAD FOR 12/08/09

USDCAD

On the 4-hour chart:

09.08_t_ucad4.gif


The pair remains the decrease in the convergent channel between the lines 1 and 2. The price confirmed the level 0.9948 as a resistance. The Moving Averages show the downward trend.

On the 1-hour chart:

09.08_t_ucad1.gif


The pair continued the decrease after the rebound from the level 0.9948 downwards. The reverse had been near the level 0.9930. The price remains to correct to the moment. The Moving Averages show the downward trend.

On the 15-minute chart:

09.08_t_ucad15.gif


The pair remains to move between the levels 0.9930 and 0.9948. The price rebounded from the support level and started to increase to the moment. If the tendency could remain the pair will break the lines 2 and 3. The break through the resistance level will be the signal for the reverse upwards. If the support level could be broken the pair will continue to decrease. The foothold of the price below the level will be the signal for the beginning of sales.
 
TREND ANALYSIS OF THE USDJPY FOR 12/08/09

USDJPY

On the 4-hour chart:

09.08_t_uj4.gif


The pair remains to consolidate between the lines 1 and 2. The price rebounded from the support line of the channel recently. After that the dynamics continued in the direction of the resistance lines2 and 3. The Moving Averages show the upward trend.

On the 1-hour chart:

09.08_t_uj1.gif


The pair moves in the convergent channel between the lines 1 and 2. The price started the day with the rebound from the support level 78.40. After that it was a growth to the resistance line of the channel and the price rebounded to the low border. The growth continued. The Moving Averages show the upward tendency.

On the 15-minute chart:

09.08_t_uj15.gif


The price Moves the dynamics inside the channel between the lines 1 and 2. The pair started to test the resistance level 78.50 after the rebound from the support line. If the resistance could be broken the pair will continue the growth. If the level could not be broken the price will break the support line 1. The break through the level 78.40 will be broken the signal for sales.
 
TREND ANALYSIS OF THE USDCHF FOR 12/08/09


USDCHF

On the 4-hour chart:

09.08_t_uc41.gif


The pair remains the consolidation between the lines 1 and 2. The price decreased to the support line and rebounded upwards after the rebound from the resistance line 1. The price places near the level 0.9715 to the moment. The Moving Averages show the slowdown of the decrease.

On the 1-hour chart:

09.08_t_uc1.gif


The pair started the day with the rebound from the level 0.9715. The price decreased to the support line 1 and rebounded upwards after that. The price tests the resistance level to the moment. The pair moves in the direction of the line 2. The Moving Averages show the consolidation.

On the 15-minute chart:

09.08_t_uc15.gif


The price rebounded upwards from the level 0.9700 and continued the growth along the support line 3. If the tendency could remain the price will reach the resistance line 2 on the 1-hour chart. The break through the resistance line could be a signal for the remaining of the growth. If the support line could be broken the pair will continue the decrease between the lines 1 and 3.
 
TREND ANALYSIS OF THE AUDUSD FOR 12/08/09

AUDUSD

On the 4-hour chart:

09.08_t_au4.gif


The price remains to increase inside the corridor between the support line 1 and the resistance line 2. It was a decrease to the support level 1.0535 and the price rebounded upwards after the break through the support line 3. The pair rebounded from the point of cross of the lines 2 and 3 to the moment. The Moving Averages show the upward trend.

On the 1-hour chart:

09.08_t_au1.gif


The pair tested the support level 1.0535 twice at the beginning of Wednesday. Trend dynamics continued after the second rebound. The price continued the dynamics in the upward channel between the lines 1 and 2. The Moving Averages show the upward tendency.

On the 15-minute chart:

09.08_t_au15.gif


The pair started the correction after the rebound from the resistance line 1. It had been formed the resistance line 2. If the tendency could remain the pair will decrease to the support lines 3 and 4. If the resistance line could be broken the pair will continue the growth.
 
TREND ANALYSIS OF THE GBPUSD FOR 12/08/09


GBPUSD

On the 4-hour chart:

09.08_t_gu4.gif


The pair remains to consolidate between the lines 1 and 2. The rebound from the resistance line 3 had been recently. After that it started the correction during the upward tendency. The price tests the support level 1.5666 at the moment. The Moving Averages show the upward trend.

On the 1-hour chart:

09.08_t_gu1.gif


The pair rebounded from the resistance line 1 and the level 1.5682. The price clamped between the support level 1.5666 and the line 1. The Moving Averages show the correction during the upward trend.

On the 15-minute chart:

09.08_t_gu15.gif


The pair remains to fluctuate in the upward channel between the lines 1 and 2. The price reached the resistance line 3 to the moment. If the tendency could remain the line 3 will be broken the growth will continue. The break through the resistance level 1.5682 will be the confirmation for the remaining of the growth. If the price could rebound downwards and could break the line 1 traders will reach the first reverse signal. The foothold of the price below the support level 1.5666 will be the signal for short position.
 
TREND ANALYSIS OF THE EURUSD FOR 12/08/09

EURUSD

On the 4-hour chart:

09.08_t_eu4.gif


The pair decreased to the support line 2 after the rebound from the resistance line 1. The price broke the level 1.5359 and the line 4 after the rebound from the point of cross of the support lines 2 and 3. The Moving Averages show the upward trend.

On the 1-hour chart:

09.08_t_eu1.gif


The pair rebounded from the point of cross of the lines 1 and 2 and broken the line 3. After that the price fluctuates along the support line 2. The pair approaches to the line 4 at the moment. The Moving Averages prepare to give the signal of the upward trend.

On the 15-minute chart:

09.08_t_eu15.gif


The pair started the day with the confirmation of the level 1.2359 as a support. After that the price formed the resistance line 2 and decreased to the support line 1. If the tendency could remain the pair will break the line 1 that will open the way to the level 1.2359. The break through the level 1.2331 will be a signal for the formation of the downward tendency. If the price could not break the support line the price will break the lines 2 and 3 and the pair will increase to the level 1.2415.
 
TREND ANALYSIS OF THE USDCAD FOR 12/08/10

USDCAD

On the 4-hour chart:

10.08_t_ucad4.gif


The pair fluctuates between the lines 1 and 3. The price decreased to the support level 0.9905 earlier and the resistance line 2 had been broken. The Moving Averages show the downward trend.

On the 1-hour chart:

10.08_t_ucad1.gif


The pair started the day with the rebound from the point of cross of the line 1 and the level 0.9905. The level 0.9930 and the line 2 had been broken after that. The price moves in the direction of the high border of the channel. The Moving Averages show the slowdown of the decrease.

On the 15-minute chart:

10.08_t_ucad15.gif


The pair continued the growth between the lines 3 and 5 after the rebound from the support level 0.9930. The price had broken the resistance line 4 as well. If the tendency could remain the price will reach the resistance line 6. After that trades will start to wait for the rebound from the resistance line of the downward channel.
 
TREND ANALYSIS OF THE USDJPY FOR 12/08/10

USDJPY

On the 4-hour chart:

10.08_t_uj4.gif


The pair remains to fluctuate inside the convergent channel between the lines 1 and 2. The price rebounded from the resistance line 2 and approaches to the support line 1. The Moving Averages show the upward trend.

On the 1-hour chart:

10.08_t_uj1.gif


The price started the day near the resistance line 1. The pair broken the line 2 and the level 78.50 and reached the level 78.40 after short-term testing of the resistance line. The Moving Averages show the slowdown of the growth.

On the 15-minute chart:

10.08_t_uj15.gif


The pair decreased to the level 78.40 and rebounded upwards after the breakthrough the line 2. If the tendency could remain the price will break the resistance level 78.50 and will continue the growth. If the price could break the level 78.40 and the line 3 it will be the signal for reverse.
 
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