The price left the channel between the lines 1 and 2 during the increase. The correction had started after the rebound from the resistance level 1.2577. Support line of the upward channel had been broken after the recoil. The Moving Averages show upward trend.
On the 1-hour chart:
The pair started the day in the channel between the lines 1 and 2. The price started the correction after the rebound from the resistance line and broken the line 1. The line 3 had been formed as a result of the correction. Thus the price moved into the channel between the lines 3 and 4.The pair rebounded from the resistance line 3 and the decreased accelerated. The Moving Averages show formation of the reverse downwards.
On the 15-minute chart:
The pair remains to move in the channel between the lines 1 and 2. The support line 3 had been broken earlier. The price decreased to the support line to the moment. If it could be the rebound, the pair will renew the growing dynamics. In the case of the break through the resistance line 2 will be a signal for the trend continuation. If the line 1 could be broken the decrease will accelerate.
The pair confirmed the support level 0.9892 by the recoil and started to grow. After that, the price found a resistance at 0.9941. The moving averages are preparing to provide a bullish signal. Next resistance lies at 0.9953.
On the 1-hour chart:
The last hours dynamics could be characterized like flat between the levels 0.9932 and 0.9941. The pair is testing the resistance level right now. The price recorded a two-week high at 0.9947. The moving averages have a clear bullish bias.
On the 15-minute chart:
During the Asian session, the pair was moving in flat between the levels 0.9941 and 0.9932. The piercing of any border of corridor will be a signal of forming tendency. Recommendation: refrain from the trading until the trend dynamics will appear.
After the short testing of the support area 1.0442/33, the pair continued to fall rapidly. Pierced the key support level 1.0418 price will possibly gain a foothold below. The moving averages have a bearish bias.
On the 1-hour chart:
The price falling slowed down in the mentioned area 1.0442/33. The fluctuating pair formed the triangle, which is marked on the chart. The bottom border of the figure has been pierced at the last hours of Asian session and the pair continued the decline.
On the 15-minute chart:
During the falling, the pair formed the resistance line 1 and support line 2, clamping the descending channel. The pair is in the correction phase of the current trend now. Recommendation: wait for the rebound from the resistance 1 and continue to sell. The signal, which confirms the descending dynamics, will be a piercing of support level 1.0388.
The sharply decline finished and the pair turned to flat. Resistance level 78.64 restricts the price dynamics from the top. The fluctuating amplitude is growing in time. The moving averages have given a bearish signal.
On the 1-hour chart:
The pair is fluctuating in flat between the support area 78.50/40 and resistance area 78.64/70. During the Asian session, the price had a predominantly bullish signal. The moving averages herewith changed the direction to horizontal, confirming the flat tendency.
On the 15-minute chart:
The growing pair formed a channel of ascending trend by the support 1 and resistance 2 lines. Piercing of resistance area 78.64/70 will be a good enter point for the long position, while the recoil would be a signal of the flat resumption.
The pair decreased to the support level 0.9545 and after that it was a rebound upwards. And the price broke the lines 1 and 2. The support line 3 had been formed later. The price places between the lines 3 and 4 to the moment. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The pair started the day between the lines 1 and 2. The resistance level 0.9610 had been broken during the dynamics. After that it was a rebound and bearish dynamics continued. The lines 1 and 3 had been broken during the decrease. The downward dynamics remain to the moment. The Moving Averages gave bearish signal.
On the 15-minute chart:
The pair started the day between the lines 1 and 2. The price reached the resistance level 0.9610 during the growth and rebounded downwards. After that it was a break through the line 1 and 3. If the tendency could remain the pair will decrease to the level 0.9545. If the growth will continue the pair will confirm the line 3 as a resistance and will continue the growth along the line. In the case of the bullish tendency the first target will be the line 4 on the 4-hour chart.
The pair reached the resistance level 1.5895 during the bullish dynamics. After that it was a reverse downwards. The channel between the lines 1 and 2 had been formed after that. The pair broke the line 3 during the decrease. That was the first signal for reverse. The second confirmation was the break through the line 4. Thus the reverse could not be determined as a final since the break through the support line of the upward channel 5. The Moving Averages gave the signal for the slowdown of the growth.
On the 1-hour chart:
The pair formed the channel between the lines 1 and 2 after the rebound from the resistance level 1.5895. The lines 3 and 4 had been formed during the decrease thus the price arrived into the channel between the lines 4 and 5. The Moving Averages gave bearish signal and remain the tone.
On the 15-minute chart:
The pair started the day between the lines 1 and 2. The line 3 had been broken during the first hours and the price decreased to the support level 1.5800. If the support level could be broken the decrease will continue and the pair will decrease to the line 5 on the 4-hour chart. If the level could not be broken the price will break the resistance line of the channel and will continue to increase along the resistance line 4 on the 4-hour chart.
The price reached the level 1.2577 during the growth on previous week. The decrease started after that, as a result the support line of the tendency 1 had been broken. The price lowered to the level 1.2495 after the rebound. The resistance line 2 had been formed during the fluctuations. The pair increased to the resistance line and rebounded downwards to the support level. Thus the price continued the dynamics in the channel between the lines 3 and 4. The Moving Averages show the slowdown of the growth.
On the 1-hour chart:
The pair formed the channel between the lines 2 and 3after the rebound from the cross of the level 1.2577 and the line 1. The week started in the downward channel and it tests the level 1.2495 to the moment. The Moving Averages gave bearish signal.
On the 15-minute chart:
The pair started the day between the lines 1 and 2. The price fluctuated along the support line and reached the level 1.2495. If the tendency could remain the price will break the support level and will continue to decrease in the direction of the line 4 on the 4-hour chart. If the level could not be broken the pair will continue to increase. The break through the line 2 will be the signal for the bullish tendency. In the case the pair will increase to the line 3 on the 4-hour chart.
The decline, which started at the end of previous week, continued on Monday. Pair reached the support area 0.9908/05 and started the testing. Next support level lies at 0.9892. The moving averages are showing the flat.
On the 1-hour chart:
The support line 1 restricts the descending dynamics of the pair. The pair is trying to gain a foothold below the level 0.9905. During the fluctuation, the resistance line 2 has been formed. The moving averages have given the weak bearish signal.
On the 15-minute chart:
During the Asian session, the resistance line 1 has been appeared. The pair reached the bottom of the channel – support line 2. The rebound and beginning of the correction are possible. Since that fact, it is recommended to close the positions at the first signs of descending tendency reverse.
At the end of previous week, the pair rebounded from support level 1.0388 and started to grow. The current week begun with the falling of price by almost 40 pips. Now the pair is testing the level 1.0388 again. The moving averages have a weak bearish bias.
On the 1-hour chart:
The pair slowed down the decline and started to test the support 1.0388. The price dynamics was restricted from the bottom by the support line 1. The closest key support level lies at 1.0321. The moving averages continue to show the bearish trend.
On the 15-minute chart:
During the Asian session, there were formed the lines 1 and 2, which are the borders of the intraday descending channel. The pair is fluctuating in flat around the level 1.0388 and trying to break through it. Recommendation: close the positions and wait for outcome.
The pair rebounded from the support 78.50 at the end of the last week. Monday begun with the growth, but the price gone down after reaching the resistance line 1. The nearest support could be found in the area 78.70/64. The moving averages are showing the beginning of the flat.
On the 1-hour chart:
During the growth, there was formed the ascending trend channel, which is clamped by the lines 1 and 2. The pair got close to the support 78.70/64, piercing of which will open the way to 78.50. The moving averages are preparing to provide a bullish signal.
On the 15-minute chart:
The last hours’ dynamics formed the channel of ascending trend correction by the lines 1 and 2. The pair started to test the 78.70. Recommendation: save a bearish bias in case of piercing the support; aim – 78.64. Otherwise, close the positions and wait for the outcome.
The pair moves in the downward channel between the lines 1 and 2. The corrections between the lines 3 and 4 started after the rebound from the support line of the channel. The correction interrupted by the resistance level 0.9625. The Moving Averages show the slowdown of the bearish trend.
On the 1-hour chart:
The pair started the day between the support line 1 and the level 0.9610. The consolidation between the lines 1 and 2 continues. The price rebounded from the resistance line and decreased to the support line to the moment. The Moving Averages show bullish trend.
On the 15-minute chart:
The pair decreases to the support line 1 after the rebound from the resistance level 0.9625. If the tendency could remain bearish trend will continue. The nearest target is the level 0.9545. If the pair will continue the dynamics between the lines 1 and 2 upward dynamics will continue.
The pair remains to correct between the lines 1 and 2 during bullish trend. The price decreased to the support line of bullish tendency 3 to the moment. The Moving Averages show formation of the reverse downwards.
On the 1-hour chart:
The pair started the day between the lines 1 and 2. The price decreased to the line 3 during the decrease after the consolidation between the lines 2 and 3 started. The price moves along the resistance line of the correction to the moment. The Moving Averages show remaining of the downward trend.
On the 15-minute chart:
The pair consolidates between the lines 1 and 2. The price places near the high border of the consolidation area. If the pair could break the resistance line 2 bullish trend will continue. If the line 1 could be broken traders will reach the signal for bearish trend.
The correction during bullish trend between the lines 1 and 2 continues. The channel of the correction enlarged to the lines 3 and 4. The price tests the support level 1.2475 to the moment. The Moving Averages show slowdown of the growth.
On the 1-hour chart:
The pair remains to correct between the lines 1 and 2. The pair rebounded from the resistance line of the correction and continued bearish dynamics at the second part of Monday. The pair decrease to the support level 1.2475 and rebounded to the resistance level 1.2495. The Moving Averages show the remaining of bearish trend.
On the 15-minutechart:
The pair started the day between the resistance line of the downward channel 2 and support level 1.2495. The price places between the lines 1.2475 and 1.2495 to the moment. The pair moves in the direction of the resistance line 2. The price started to test the support level after the rebound from the resistance level. If the tendency could remain the pair will break the support and will continue the correction. The break through the resistance level will mean the continuation of the trend.
The pair pierced the area 0.9908/05, but found a support at 0.9892. The attempt to pierce the mentioned area in backwards failed. Now the decline continues. The moving averages confirm the flat character of the tendency.
On the 1-hour chart:
The pair confirmed the resistance level 0.9914 and started the decrease. The price dynamics between the mentioned resistance and support 0.9892 could be characterized as flat. The moving averages have a weak bearish bias.
On the 15-minute chart:
During the Asian session, the pair demonstrated a mixed dynamics with no clear direction. The nearest support level is 0.9898 while the resistance lies in the area 0.9908/05. Recommendation: refrain from trading until forming of a clear trend.
The pair continues to move within the two-week descending trend between the lines 1 and 2. After the long testing, the key support level 1.0388 was pierced. The moving averages confirm the intensive downward tendency.
On the 1-hour chart:
The pair is declining within the channel between the lines 1 and 2, which was formed on Monday. The price renewed the monthly low by reaching the 1.0348. The resistance line is under testing at the moment. The moving averages confirm the correction.
On the 15-minute chart:
The pair rebounded from the support line 1 and now is trying to gain a foothold above the line 2. The nearest resistance level – 1.0388. Recommendation: keep the long positions opened until the first signs of descending trend correction ended.
The pair rebounded from the resistance line 1 and started the sharply decline. The area 78.70/64 has been pierced. The price found a support at the level 78.50, which is under testing now. The moving averages are showing the descending trend.
On the 1-hour chart:
The pair was moving within the upward channel between the lines 1 and 2, but failed with breaking through the level 78.76. After the long flat between the mentioned resistance and level 78.64, price pierced the line 1 and bottom of the flat corridor and now is testing the level 78.50.
On the 15-minute chart:
The pair is fluctuating right above the level 78.50. Piercing of it will open a way to 78.40, while the rebound can push the price back to 78.64. In addition, the long flat is possible. Recommendation: close the positions and wait for the trend dynamics.
The price continues bearish dynamics between the lines 1 and 2. The support line 3 had been broken earlier and the pair decreased to the support level 0.9545. After that it was the next rebound and the line 4 had been formed. The Moving Averages show the remaining of the downward tendency.
On the 1-hour chart:
The price decreased to the support line 3 after the rebound from the cross of the line 2 and the level 0.9625. After that it was recoil from the line and formed the lines 4 and 5. The Moving Averages show the remaining of bearish tendency.
On the 15-minute chart:
The support line 1 had been formed at the beginning of the day. The price rebounded from the resistance level 0.9577 during the fluctuations and formed the resistance line 2. If the tendency could remain the pair will break the support line 1 and the level 0.9550. It will mean the continuation of the bearish trend. If the line 2 could be broken the correction will remain.
The pair remains to move in the direction of the upward channel between the lines 1 and 2. The pair rebounded from the support line 1 and broken the resistance line of the channel 3 earlier. The price increased to the resistance level 1.5833 after the rebound. The price continued bearish dynamics after the recoil. Move over it had been formed the resistance line 4. The Moving Averages show formation of the flat tendency.
On the 1-hour chart:
The pair continued the dynamics in the upward channel between the lines 1 and 2. The price reached the support line of the channel and rebounded upwards during the correction between the lines 3 and 4. Herewith the line 4 had been broken. The pair increased to the level 1.5833 and rebounded downwards. As a result it had been formed the resistance line 5 and the price continued the correction.
On the 15-minute chart:
The price formed the lines 1 and 2 and remains bearish dynamics in the upward channel after the rebound from the resistance level 1.5833. If the tendency could remain the pair will reach the support line of the upward channel 1 on the 1-hour chart. If the resistance line 2 could be broken the price will continue trend dynamics.
The pair remains to move in the upward corridor between the lines 1 and 2. The price decreased tot eh level 1.2480. After that it was a rebound from the previous local high level 1.2577 the resistance line 4 had been broken as well. The pair recoiled down with the formation of the resistance line 5 after the resistance level had been reached. The Moving Averages show remaining of the bullish tendency.
On the 1-hour chart:
The price decreased to the support level 1.2475 and rebounded to the resistance level 1.2570 with the break through the resistance line of the channel during the correction. The support line 3 had been formed during the growth. The line 3 had been broken after the rebound from the resistance level 1.2570 and it had been formed the resistance line 4. The Moving Averages show the slowdown of the growth.
On the 15-minute chart:
The pair rebounded from the resistance level 1.2570 at the first hours of the day. The pair formed downward channel between the lines 1 and 2 during the correction. If the tendency could remain the pair will break the support level 1.2450 and will continue the dynamics in the direction of pervious local low. If the resistance line could be broken the pair will continue to test the resistance level.
The pair continues to move within the descending trend clamped between the lines 1 and 2. The price, which is in the correction phase, is getting close to the resistance line. In addition, the testing of area 0.9883/92 has begun. The moving averages are showing the weak bearish bias.
On the 1-hour chart:
The yesterday falling renewed the weekly low by the value of 0.9841. The pair has already returned more than the half of losses, but slowed down near the level 0.9883. The moving averages confirm the turnover.
On the 15-minute chart:
During the Asian session, the pair formed the upward channel by the lines 1 and 2, but after piercing the resistance level 0.9883 accelerated the growth and broke through the top border of channel. Testing of the resistance line of descending trend 3 has begun. Recommendation: close the positions and wait for outcome.
