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

TREND ANALYSIS OF THE GBPUSD FOR 12/08/15

GBPUSD

On the 4-hour chart:

15.08_t_gu4.gif


The price remained to fluctuate in the upward channel between the lines 1 and 2. It was a correction to the level 1.5666 after the rebound from the resistance line. The Moving Averages show the remaining of the bullish trend.

On the 1-hour chart:

15.08_t_gu1.gif


The price recoiled downwards and broken the support line 1 after the rebound from the line 2. As a result downward channel between the lines 3 and 4 had been formed. The Moving Averages prepare to give the bearish signal.

On the 15-minute chart:

15.08_t_gu15.gif


It had been formed the upward channel between the lines 2 and 3 after the rebound from the cross of the support line 1 and the level 1.5666. If the tendency could remain trend dynamics will continue. If the support tendency could be broken the decrease will continue.
 
TREND ANALYSIS OF THE EURUSD FOR 12/08/15

EURUSD

On the 4-hour chart:

15.08_t_eu4.gif


The price increased to the resistance level 1.2370 after the rebound from the support line of the cannel 1 and started the correction to the support level 1.2320. Trend dynamics continued to the moment. The Moving Averages show the flat character of the dynamics.

On the 1-hour chart:

15.08_t_eu1.gif


The pair recoiled to the support level 1.2320 in the second part of Tuesday. As a result the support line 1 and the resistance line 2 had been formed. Trend dynamics along the line 1 continued to the moment. The Moving Averages gave the bearish signal.

On the 15-minute chart:

15.08_t_eu15.gif


The pair continued trend dynamics after the rebound from the level 1.2320. As a result of the fluctuations it had been formed the lines 1 and 2. If the tendency could remain the pair will arrive to the level 1.2370. If the support line could be broken the testing of the support level will continue 1.2320.
 
TREND ANALYSIS OF THE USDCAD FOR 12/08/16

USDCAD

On the 4-hour chart:

16.08_t_ucad4.gif


The channel between the lines 2 and 3 had been formed after the break through the resistance line of the downward channel 1. The line 1 had been confirmed as a resistance later. The price reached the support level 0.9885 to the moment. The Moving Averages show the remaining of the downward trend.

On the 1-hour chart:

16.08_t_ucad1.gif


The pair started the day with the rebound from the support level 0.9885 and the support line of the downward channel 1. The price corrects in the direction of the resistance line 2 to the moment. The Moving Averages show the upward trend.

On the 15-minute chart:

16.08_t_ucad15.gif


The pair continued to test the support level 0.9885. The support line 1 and the resistance line 2 had been formed during the dynamics. If the tendency could remain the pair will break the support line 1 and the price will decrease to the support line 3 on the 1-hour chart.
 
TREND ANALYSIS OF THE USDJPY FOR 12/08/16

USDJPY

On the 4-hour chart:

16.08_t_uj4.gif


The pair formed the upward channel between the lines 2 and 3 after the break through the resistance line 1. The level 78.95 had been broken during the growth. It was a rebound from the level 79.30 and the correction started to the moment. The Moving Averages show the upward trend.

On the 1-hour chart:

16.08_t_uj1.gif


The pair started the day above the level 78.95. Upward dynamics of Wednesday remained. As a result the resistance level 79.30 had been reached. As well the resistance line 2 had been formed. The Moving Averages show the remaining of the upward trend.

On the 15-minte chart:

16.08_t_uj15.gif


The pair started the day in the upward channel between the lines 1 and 2. The resistance line 3 had been formed after the rebound from the level 79.30 and the correction started. If the tendency could remain the pair will reach the level 78.95 and the support line 4. If the line 3 could be broken the pair will continue to test the level 79.30.
 
TREND ANALYSIS OF THE USDCHF FOR 12/08/16

USDCHF

On the 4-hour chart:

16.08_t_uc4.gif


The price formed upward channel between the lines 1 and 2 after the decrease to the support level 0.9702. The lines 3 and 4 had been broken during the growth and it was the first reverse signal. The Moving Averages gave the bearish signal.

On the 1-hour chart:

16.08_t_uc1.gif


The pair increased to the resistance line 2 and corrected to the cross of the lines 1 and the after the break through the resistance line 1 and the growth continued. The price rebounded to the resistance level 0.9790 to the moment. The Moving Averages show the upward trend.

On the 15-minute chart:

16.08_t_uc15.gif


The price recoiled from the cross of the support lines 1 and 2 at the beginning of the day. After that the growth continued. The pair rebounded from the level 0.9790 to the moment. If the tendency could remain the line 2 will be broken the price will decrease to the support line 1. If the resistance level could be broken the pair will arrive into the channel above the line 3. The line 3 could be confirmed as a resistance as well. In the case the dynamics will continue along the line.
 
TREND ANALYSIS OF THE AUDUSD FOR 12/08/16

AUDUSD

On the 4-hour chart:

16.08_t_au4.gif


The pair continued to decrease in the channel between the support line 1 and the resistance line 2 in the direction of the support line 3. The pair corrected from the level 1.0468 to the resistance at the level 1.0478 and after that it was a rebound upwards. The Moving Averages gave the bearish signal.

On the 1-horu chart:

16.08_t_au1.gif


The pair continued to decrease between the lines 1 and 2. The day started with the rebound from the level 1.0505. After that it was a decrease to the level 1.00478 and the price rebounded upwards. The Moving Averages show the downward trend.

On the 15-minute chart:

16.08_t_au15.gif


It had started intensive growth after the rebound from the level 1.0478. If the tendency could remain and the price could foothold above the level 1.0505 the resistance line of the downward channel 1 will be broken. If the downward dynamics could continue the pair will break through the support levels 1.0478 and 1.0468. In the case the pair will decrease to the support line 2.
 
TREND ANALYSIS OF THE GBPUSD FOR 12/08/16

GBPUSD

On the 4-hour chart:

16.08_t_gu4.gif


The pair decreased to the support line 1 after the rebound from the resistance line of the upward channel 2.The price broken the support level 1.5666. The Moving Averages show the upward trend.

On the 1-hour chart:

16.08_t_gu1.gif


The pair rebounded from the resistance line of the downward channel 2 and broken the support line of the correction 1. The price approaches to the support line of the upward trend 3. The Moving Averages gave the bearish signal.

On the 15-miute chart:

16.08_t_gu15.gif


The pair started the day between the lines 1 and 2. After that the price broken the support line of the correction 1 and formed the channel between the lines 3 and 4. The price broke the level 1.5666 and the line 5 and decreased to the level 1.5640. After that it was a rebound to the line 5. If the tendency could remain the pair will break the lines 4 and 5 and the growth will continue. If the price could rebound downwards the dynamics between the lines 3 and 4 will continue.
 
TREND ANALYSIS OF THE EURUSD FOR 12/08/16

EURUSD

On the 4-hour chart:

16.08_t_eu4.gif


The pair remains to move in the downward channel between the lines 1 and2. The channel between the lines 1 and 3 remains as well. The lines 4 and 5 and the level 1.2320 had been broken during the decrease. The price tests the level 1.2265 to the moment. The Moving Averages prepare to give the bearish signal.

On the 1-hour chart:

16.08_t_eu1.gif


The pair started the day with the rebound from the level 1.2305 and after that the support line of the corrections had been broken. The pair continued to move in the downward channel between the lines 1 and 2. The price tests the level 1.2260. The Moving Averages show downward trend.

On the 15-minute chart:

16.08_t_eu15.gif


The pair decreased to the support line of the downward channel 2 after the break through the support line of the correction 1. After that it was the next correction between the lines 3 and 4 and the pair rebounded from the resistance line 5. The price broken the support line of the correction and decreased to the support level 1.2260. If had been formed the resistance line6 during the dynamics. If the tendency could remain the pair will break through the support level and will continue the bearish dynamics. If the support lines 6 and 5 could be broken the pair will start the growth.
 
TREND ANALYSIS OF THE USDCAD FOR 12/08/17

USDCAD

On the 4-hour chart:

17.08_t_ucad4.gif


The pair decreased to the line 2 after the break through the support line 1 and corrected to the line 1 after that. The Moving Averages show bearish trend.

On the 1-hour chart:

17.08_t_ucad1.gif


The pair started the day with the correction from the line 1. The pair continued trend dynamics after the line 2 had been reached. The Moving Averages confirmed the correction.

On the 15-minute chart:

17.08_t_ucad15.gif


The pair rebounded from the cross of the lines2 and 3 and decreased to eh support line. If the tendency could remain the pair will break the support line 1 and will continue to decrease. If the pair could break through the resistance line 3 the growth will start.
 
TREND ANALYSIS OF THE USDJPY FOR 12/08/17

USDJPY

On the 4-hour chart:

17.08_t_uj4.gif


The pair continued to increase between the lines 1 and 2. The level 79.30 had been broken during the increase. The Moving Averages show the bullish trend.

On the 1-hour chart:

17.08_t_uj1.gif


The upward tendency had remained after the break through the level 79.30. The Moving Averages show the upward trend.

On the 15-minte chart:

17.08_t_uj15.gif


The pair continued to increase between the lines 1 and 2. The level 79.43 had been broken. If the tendency could remain the pair will break the line 2 and will continue to increase. If the support line could be broken, the price will decrease to the line 3.
 
TREND ANALYSIS OF THE USDCHF FOR 12/08/17

USDCHF

On the 4-hour chart:

17.08_t_uc4.gif


The pair broken the line 1 and decreased tot eh line 2 during the decrease. After that it had started the correction in the direction of the resistance line 3. The Moving Averages gave the bearish signal.

On the 1-hour chart:

17.08_t_uc1.gif


The pair moves in the divergent channel between the lines 1 and 2. The pair broke the line 2 after the rebound from the resistance line 1. If it will be a rebound the resistance line 3 will be broken and the tendency will continue.


On the15-minute chart:

17.08_t_uc15.gif


The pair fluctuates in the channel between the lines 1 and 2. The pair broke the line2 after the rebound from the resistance line 1. If the tendency could remain the support line will be broken and the decrease will continue. If it could be a rebound the resistance line 3 will be broken and the tendency will be replaced by the growth.
 
TREND ANALYSIS OF THE AUDUSD FOR 12/08/17

AUDUSD

On the 4-hour chart:

17.08_t_au4.gif


The pair remains to decrease between the lines 1 and 2. The line 3 and the level 1.0468 had been broken earlier. The price decreased to the support level 1.0448 to the moment. The Moving Averages show the downward trend.

On the 1-hour chart:

17.08_t_au1.gif


The pair remains to move in the channel between the lines 1 and 3. The rebound from the resistance line of the channel 2 and had broken the support line 3 today. The levels 1.0505, 1.0478 and 1.0468 had been broken as well. The decrease remains at the moment. The Moving Averages gave the bearish signal.

On the 15-minute chart:

17.08_t_au15.gif


The pair started the day with the rebound from the resistance line 1 and broken the lines 2 and 3 with the formation of the channel between the lines 4 and 5. The pair tests the support level 1.0442 to the moment. If the tendency could remain the pair will finish the correction near the resistance line of the channel and will break the support level. If it could be a rebound from the support level the pair will break the resistance line and the growth will start.
 
TREND ANALYSIS OF THE GBPUSD FOR 12/08/17

GBPUSD

On the 4-horu chart:

17.08_t_gu4.gif


The pair continued to move in the upward channel between the lines 1 and 2. The trend is on the correction stage now. The price rebounded from the level 1.5743 and decreased to the level 1.5703. The Moving Averages show the remaining of the upward trend.

On the1-hour chart:

17.08_t_gu1.gif


The price increased to the cross of the line 1 and level1.5743 at the second part of Thursday. The pair decreased to the support level 1.5703. The Moving Averages confirm the correction.

On the 15-minute chart:

17.08_t_gu15.gif


The pair fluctuates between the levels 1.5473 and 1.5703. The price places between the lines 2 and 3 as well. If the tendency could remain the pair will break through the support line 3 and will decrease to the line 1 on the 4-horu chart. If the resistance line 3 and the level 1.5743 could be broken the growth will start.
 
TREND ANALYSIS OF THE EURUSD FOR 12/08/17

EURUSD

On the 4-hour chart:

17.08_t_eu4.gif


The pair broke the lines 1 and 2 and increased to the resistance line 3 after the rebound from the support level 1.2266. The price places between the support line1 and the resistance level 1.2370 to the moment. The Moving Averages show the formation of the upward trend.

On the 1-hour chart:

17.08_t_eu1.gif


The price formed the upward channel between the lines 1 and 2 during the growth. The line 3 had been broken and the pair increased to the cross of the level 1.2370 and the line 4. After that it was a correction to the support line 1. The Moving Averages show bullish trend.

On the 15-minute chart:

17.08_t_eu15.gif


The pair formed the downward channel between the lines 2 and 3 after the rebound from the resistance line 1. The pair corrected to the support line 4 after that the growth continued. The price decreased to the support line of the channel after the rebound from the resistance level 1.2370. If the tendency could remain the support line 4 will be broken and the pair will decrease to the support line 3. If the resistance level 1.2370 could be broken upward channel between the lines 1 and 2 on the 1-hour chart will remain.
 
TREND ANALYSIS OF THE USDCAD FOR 12/08/20

USDCAD

On the 4-hour chart:

20.08_t_ucad4.gif


The pair recorded the 3-month low, confirmed the level 0.9860 and line 1. After that, the price showed the uncertain growth by 30 pips. The moving averages continue to show the intensive lowering tendency.

On the 1-hour chart:

20.08_t_ucad1.gif


At the end of previous week there had been formed the support line 1 which has been restricting the pair after the rebound from 0.9860. The last days price dynamics forming the pattern “head and shoulders”. The figure could be counted as finished in case of piercing the level 0.9893. After that, the intensive growth must follow.

On the 15-minute chart:

20.08_t_ucad15.gif


At the end of previous and beginning of current week, the pair consolidated between the support level 0.9883 and resistance line 1. Piercing of the resistance will be a first signal of the growth resumption. Recommendation: open the long positions after piercing of the area 0.9893/98.
 
TREND ANALYSIS OF THE AUDUSD FOR 12/08/20

AUDUSD

On the 4-hour chart:

20.08_t_au4.gif


The pair continues the correction within the descending trend between the lines 1 and 2. The level 1.0442 has been pierced upwards and the price tries to gain a foothold above. The moving averages confirming the correctional character of dynamics.

On the 1-hour chart:

20.08_t_au1.gif


The pair found the support at 1.0418 and then started the confident growth. The resistance level 1.0442 was pierced and now is waiting for the confirmation as a support. The price dynamics formed the channel lines 1 and 2. The nearest resistance lies in the area 1.0468/78.

On the 15-minute chart:

20.08_t_au15.gif


The pair grew strongly between the lines 1 and 2 during the Asian session. The price confirmed the resistance level 1.0453 and fell to 1.0442. Recommendation: wait for the end of short-term flat and start trading in the direction of current diapason piercing.
 
TREND ANALYSIS OF THE USDJPY FOR 12/08/20

USDJPY

On the 4-hour chart:

20.08_t_uj4.gif


The pair recorded the 5-week high at 78.65 and started the correction of ascending trend. The price is getting close to the trend line 1. The moving averages are still showing the intensive upward tendency.

On the 1-hour chart:

20.08_t_uj1.gif


The pair pierced the support line 1 of the tight channel, within which the dynamics has lasted at the end of previous week. The moving averages are changing the direction, confirming the forming of descending tendency. The nearest key support lies at 78.30.

On the 15-minute chart:

20.08_t_uj15.gif


After the morning 17-pip growth, the pair lowered losing all gain. Now the price is fluctuating between the support level 78.43 and line 1, which was confirmed as a resistance. Recommendation: open the short positions after the price will gain a foothold below the 78.43.
 
TREND ANALYSIS OF THE USDCHF FOR 12/08/20

USDCHF

On the 4-hour chart:

20.08_t_uc4.gif


The pair fluctuates between the levels 0.9702 and 0.9790. The price rebounded downwards from the level 0.9750 today. After that the lines 1 and 2 had been broken. The Moving Averages show flat tendency.

On the 1-hour chart:

20.08_t_uc1.gif


The price continued to decrease after the rebound from the resistance level 0.9765. The resistance line 1 had been formed today. After that the pair decreased below the lines 2 and 3. The price decreased to the level 0.9720. The Moving Averages show the remaining of the decrease.

On the 15-minute chart:

20.08_t_uc15.gif


The pair started the day with the rebound from the support level 0.9732. After that it had been formed downward channel between the lines 1 and 2. The price decreased below the lines 3 and 4 during the decrease. If the tendency could remain the pair will break the line 5. The break through the level 0.9702 will be a signal for sales. If the line5 could not be broken, the price will start to increase.
 
TREND ANALYSIS OF THE GBPUSD FOR 12/08/20

GBPUSD

On the 4-hour chart:

20.08_t_gu4.gif


The pair had been growing between the lines 1 and 2. The resistance level .15740 had been reached during the increase. After that the correction had started. The recoil had finished near the support level of the upward tendency. The pair could increase to the resistance line in the near future.

On the 1-hour chart:

20.08_t_gu1.gif


The pair places between the support lines 1 and 2 and the resistance line 3. The pair started the day with the rebound from the cross of the support lines. The price tests the resistance line to the moment. The Moving Averages show the end of the downward trend.

On the 15-minute chart:

20.08_t_gu15.gif


The price moved into the upward channel between the lines 3 and 4 during the decrease between the lines 1 and 2. The pair reached the resistance line 4 to the moment. If the tendency could remain the pair will break through the resistance line 2 and the growth will remain in the channel between the lines 3 and 4. If the line 3 could be broken bearish dynamics will continue.
 
TREND ANALYSIS OF THE EURUSD FOR 12/08/20

EURUSD

On the 4-hourchart:

20.08_t_eu4.gif


The pair remains to consolidate in the convergent channel between the lines 1 and 2. The price reached the resistance line 2 after the rebound from the support line 1. The Moving Averages show the remaining of the upward trend.

On the 1-hour chart:

20.08_t_eu1.gif


The pair remains to increase in the upward channel between the lines 1 and 2. The price continued bullish dynamics after the rebound from the support line. The price approaches to the resistance level 1.2370. The Moving Averages show the remaining of the upward trend.

On the 15-minute chart:

20.08_t_eu15.gif


The pair started the day with the rebound from the support level 1.2320. The price moves between the lines 1 and 2. If the tendency could remain the pair will break previous local high 1.2370. That will be a signal for the trend remaining. If the level could not be broken the consolidation between the lines 1 and 2 on the 4-hour chart will continue.
 
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