The pair continues the decline within the descending channel, clamped by the lines 1 and 2. The price started the second testing of level 0.9860. The moving averages are showing the slowdown of downward tendency.
On the 1-hour chart:
Rebounded from the resistance line 1 at the beginning of the Asian session, the pair was declining sharply. Reached the support line 2 and the level 0.9860, the price started to test it. The moving averages have given the bearish signal following the price.
On the 15-minute chart:
The level 0.9860 slowed the pair falling. Now the price is consolidating between the mentioned support and line 1, which is waiting for the confirmation as a resistance. Recommendation: wait for the piercing of support and open the short positions. Otherwise, the flat is possible.
The pair continues the correction within the descending trend. The price pierced the resistance 1.0468 and line 1. The pair is testing the level 1.0505 at the moment. The moving averages turned upwards, signalizing the deep correction or end of the trend.
On the 1-hour chart:
The pair has been moving between the lines 1 and 2, but after the rebound from resistance line and level 1.0442, it changed the channel – the lines 3 and 4 are clumping now the price dynamics now. The moving averages provided a bullish signal. The nearest resistance lies in the area 1.0523/32.
On the 15-minute chart:
During the Asian session, the dynamics was restricted by the line 1 from the bottom and 2 – from the top. In addition, the level 1.0478 and line 3 affected the price movement. Recommendation: keep the short positions opened.
From the beginning of the week, the pair lost about 30 pips and the falling is continuing. The price pierced the support line 1 of the ascending trend and reached the level 79.30, which is under testing now. The moving averages started to change the direction to horizontal.
On the 1-hour chart:
The pair, which is falling for the second day, formed the lines 1 and 2 restricting the descending channel. Piercing of the level 79.30 will be a signal of the decline resumption, while its confirmation could cause the flat movement.
On the 15-minute chart:
During the Asian session, the pair formed the convergent corridor by the lines 1 and 2. Moving within the corridor, the price pierced level 79.34 and now tries to gain a foothold below the 79.30. Recommendation: wait for confirmation of the piercing and open the short positions. The line 3 can also affect the pair dynamics.
The pair broke the support lines 1 and 2 and arrived into the channel between he lines 1 and 3. The pair places near the support level 0.9702 to the moment. The Moving Averages show bearish trend.
On the 1-hour chart:
The pair started the day between the lines 1 and 2. The level 0.9720 had been broken after that and the price reached the support line 2 and the level 0.9702. The Moving Averages gave bearish signal.
On the 15-minte chart:
The pair decreased to the level 0.9702 after the rebound from the line 1 with the breakthrough of the support level 0.9720. After that it had been formed the support line 2. If the tendency could remain the pair will break the level 0.9702 and the bearish dynamics will continue. If the price could rebound upwards from the support level the pair will arrive to the resistance line 1.
The pair remains to move in the upward channel between the lines 1 and 2 in the direction of the line 3. The price approaches to previous local high 1.5740. The Moving Averages gave the bullish tone.
On the 1-hour chart:
The pair formed the support line 2 after the break through the line 1. The price prepares to break through previous local high level 1.5740 to the moment. The Moving Averages gave bullish signal.
On the 15-minute chart:
The price formed the support line 2 after the break through the resistance line 1. As a result the price moved into the channel between the lines 2 and 3. It was a rebound from the support line of the channel to the moment and trend dynamics continued. If the tendency could remain the pair will reach the resistance line 3 on the 4-hour chart. If the support line 2 could be broken it will start the decrease in the direction of the support line 1.
The pair remains to move in the upward channel between the lines 1 and 2. It was a break through the line 3 to the moment. The Moving Averages show upward trend.
On the 1-hour chart:
The pair increased higher the consolidation area between the lines 1 and 2 with the break through the resistance line. The price moves in the direction of the resistance lines 1.2370. The Moving Averages show upward trend.
On the 15-minute chart:
The pair formed the channel between the lines 1 and 2. The line 3 had been broken during the increase. If the tendency could remain the pair will break through the resistance level 1.2370. If the resistance level could not be broken and the price could break the line 1 it will be the reverse in the downward dynamics.
The pair has been lowering within the channel between the lines 1 and 2, but after the unsuccessful testing of the level 0.9860 and support line, it started the rapidly growth. During the growth, the resistance line 1 and level 0.9883 were pierced. The moving averages are showing the turnover of tendency.
On the 1-hour chart:
After the piercing of resistance line 1, he pair slowed down the growth, herewith forming ascending channel by the lines 2 and 3. The price is trying to gain a foothold above the resistance level 0.9905. The moving averages gave a strong bullish signal.
On the 15-minute chart:
Now the pair is testing the resistance level 0.9905 and line 1, piercing of which will open the way to level 0.9932. After the holding of price above the line 1, it is recommended to resume the buying. Otherwise, the flat tendency forming is possible.
After rebound from the resistance area 1.0505/13, the pair returned to the borders of descending trend between the lines 1 and 2. The level 1.0468 has been pierced. The nearest support lies at 1.0442. The moving averages are changing their direction again.
On the 1-hour chart:
The lines 1 and 2 are limiting the downward dynamics of the last 24 hours. The pair is actively testing the key support 1.0442, piercing of which will open the way to the previous local low 1.0418. The long-term support line 3 can also affect the price movement. The moving averages have given a bearish signal.
On the 15-minute chart:
The pair is in the phase of correction of the descending trend at the moment. The trend line 1 must restrict the growth. In case of the following foothold of the pair below the level 1.0042, is recommended to resume the selling. Otherwise, the change to flat is possible.
The pair pierced the resistance line 1 and formed new descending channel by the lines 2 and 3. After breaking the level 79.30, the price rebounded from support 79.19 and started the correction of descending trend. The moving averages are changing the direction, confirming the end of the growth.
On the 1-hour chart:
The unsuccessful testing of level 79.19 caused the short flat between the mentioned support and level 79.30, which had been confirmed as resistance. The pair is moving to the resistance line 1 trying to gain a foothold above the 79.30 at the moment.
On the 15-minute chart:
During the second half of Asian session, there has been formed support line of correction 1. The nearest resistance lies at 79.34. The price aims to the resistance line of descending trend 2. Recommendation: keep the short position opened but insure them by the close up stop losses.
The pair remains to move in the downward channel between the lines 1 and 2 in the direction of the support line 3. The price decreased to the support level 0.9625. After that the price started the correction in the direction of the line 2. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The pair started the correction after intensive growth along the resistance line 1 yesterday. The Moving Averages signalize the slowdown of the downward trend.
On the 15-minute chart:
The upward channel of the correction between the lines 1 and 2 had been formed after the rebound from the support level 0.9625. If the tendency could remain the pair will reach the level 0.9674 and will continue the trend dynamics with the rebound from the resistance level. If the support line 1 and the level 0.9725 could be broken bearish dynamics sill continue.
The pair remains to move upwards between the lines 1 and 2. The resistance line 3 had been broken during the growth. After that the pair reached the resistance line 2 and it started the correction. The Moving Averages show upward trend.
On the 1-hour chart:
The pair moves in the channel between the lines 1 and 2. It had been formed the support line 3 during the growth. The price approaches to the support line 4 to the moment. The Moving Averages signalize the bullish trend.
On the 15-minute chart:
The pair fluctuates in flat between the support level 1.5770 and the resistance level 1.5790 after the rebound from the resistance line 1 in the point of cross with the resistance level. The pair moves in the direction of the support lines 2 and 3. If the tendency could remain the pair will break through the support line. That will be a signal for the remaining of the correction. If the line could not be overcome the growth will accelerate.
The pair remains to move between the lines 1 and 2. The line 3 had been broken during the growth as well as the levels 1.2370 and 1.2418. After that the price rebounded downwards from the resistance line 2 and level 1.2477. The correction had started after the rebound and it had been formed the line 4. 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 level 1.2477. The line 1 had been formed during the decrease. The price moves in the direction of the support line 2. The Moving Averages confirmed the correction.
On the 15-minute chart:
The pair decreased along the resistance line 1 from the beginning of the day. The price approaches to the support lines 2 and 3 to the moment. If the lines could be broken the price will continue the correction. If the lines could not be broken trend dynamics will continue.
The sharply falling, caused by the publication of US news, forced the pair to return to level 0.9883, which the week started with. The support level 0.9905 has been pieced. The key support lies at 0.9860. The moving averages are showing the flat character of dynamics.
On the 1-hour chart:
The lowering pair had formed the lines 1 and 2, which were the borders of descending channel. The pair found a support at 0.9883 and turned to flat between the mentioned level and resistance 0.9893. The moving averages are going to provide a bearish signal.
On the 15-minute chart:
The pair is testing the level 0.9883 at the moment. Piercing of the level will open the way to support 0.9860. Otherwise, the pair will confirm the flat tendency and aim at the area 0.9893/98. Recommendation: wait for the outcome.
Rebounded from the level 1.0418, the pair skyrocketed under the pressure of US news. The price stopped to grow when found the resistance in the area 1.0505/13. Thus, the current week chart looks like a large flat, which is confirmed by the moving averages.
On the 1-hour chart:
During the Asian session, the pair attempted to move above the area 1.0505/13, but came back soon. The price is consolidating near 1.0513 at the moment. The moving averages are showing the intensive bullish trend in inertia.
On the 15-minute chart:
The pair demonstrated the mixed dynamics today. The price movement during the last hours is predominantly bearish; however, the overall picture could be described as a flat. Recommendation: wait for more intensive dynamics of the pair.
The pair had been continuing to decline between the lines 1 and 2, until the sharply falling after the macro news has begun. There were pierced the levels 79.19, 78.95 and 78.70 and support line of the long-term trend 3. The moving averages turned down.
On the 1-hour chart:
The rapid falling started right after piercing of the level 79.19. The pair lost almost 90 pips in one hour. After touching the support line 1, the price returned a part of losses. During the Asian session, the price was consolidating near the level 78.50.
On the 15-minute chart:
During the Asian session, the pair was demonstrating moderate bearish dynamics, formed the descending channel by the lines 1 and 2. The support level 78.50 is under testing at the moment. Recommendation: refrain from the trading until forming of clearer tendency.
The pair had left the channel between the lines 1 and 2 with the break through the lines 1 and 3. Thus the price continued the dynamics in the channel between the lines 4 and 5. The pair approaches to the support level 0.9555 to the moment. The Moving Averages show downward trend.
On the 1-hour chart:
The pair started the day between the support line of the channel 1 and the level 0.9593. The price places near the line 1 to the moment. The Moving Averages show downward trend.
On the 15-minute chart:
The price decreased to the support line 1 after some fluctuations. If it could start the correction the pair will reach the resistance line 2. In the case of the break through the support line 1 the decrease will accelerate that will be a good entering point for short position.
The pair broken the lines 1 and 2 during the growth and the dynamics in the upward channel between the lines 3 and 4 continued. The correction had started with the rebound from the resistance line. The Moving Averages show bullish trend.
On the 1-hour chart:
The pair remains to move in the channel between the lines 1 and 2. The price started the day near the resistance line of the channel and it corrects at the moment. The resistance line 3 had been formed during the dynamics. The Moving Averages show bullish trend.
On the 15-minute chart:
The price fluctuates along the resistance line 1 after the beginning of the correction. If the tendency could remain the pair will decrease to the support line 2. If the resistance line could be broken the pair will continue to grow and will increase to the line 3.
The pair had left the channel between the lines 1 and 2 with the break through the resistance line. The correction started near the resistance level 1.2540. The support line 3 had been formed as well. The Moving Averages show bullish trend.
On the 1-hour chart:
The pair broken the resistance line 1 and continued the dynamics in the upward channel between the lines 2 and 3 at the end of Wednesday. The correction had started after the level 1.2540 had been reached. The Moving Averages show the slowdown of bullish trend.
On the 15-minute chart:
The pair continues the dynamics in the channel between the lines 1 and 2. The correction had started after the rebound from the resistance line 2. The resistance line 3 had been formed during the correction. If the tendency could remain the pair will reach the support line of the channel 1. If the price could break the resistance line trend dynamics will continue.
The price continued to decrease in the channel between the lines 3 and 4 after the break through the support line 1 and 2. The support line 5 had been formed after the rebound from the support level 0.9546. The Moving Averages show remaining of the bearish trend.
On the 1-hour chart:
The price left the channel between the line 1 and 2 after the rebound from the support level 0.9642. The support line 3 had been formed during the correction. The price clamped between the lines 2, 3 and 4 to the moment. The Moving Averages show the slowdown of bearish dynamics.
On the 15-minute chart:
Upward channel between the lines 1 and 2 had been formed after the rebound from the support level 0.9542. The price increased higher the resistance line of the downward channel 3 during the growth. If the tendency could remain it will form bullish trend. If the support line of the upward tendency could be broken the decrease will continue.
The pair remained the dynamics in the channel between the lines 1 and 2. The price increased to the resistance level 1.5894 and reversed after that and broken the support line 1. As a result it had been formed the resistance line 3. The Moving Averages show bullish trend.
On the 1-hour chart:
The price reached the level 1.5907 during the growth and the correction started. The channel between the lines 1 and 2 had been formed during the decreasing dynamics. After that the price broke the low border of the channel 3. The Moving Averages confirmed reverse dynamics.
On the 15-minutechart:
The pair started the day in the channel between the lines 1 and 2. The support line 3 had been broken at about the noon and the price continued the decrease. The pair broken the support line 1 and moves in the direction of the line 4. If the tendency could remain bullish trend will change to downwards. If the price could arrive in the channel and could break the resistance line it will start the growth.
