The pair confirmed as a resistance the level 1.0388, which was pierced earlier. Recorded by the price local low 1.0348 can be counted as the nearest support. The moving averages are showing the descending trend, despite the fact that the last days’ dynamics seems like a flat.
On the 1-hour chart:
The pair is fluctuating within the descending channel between the lines 1 and 2 since the middle of Tuesday. The correction ended and the price started the movement along the trend. The nearest support lies at 1.0348. The moving averages are still showing the flat.
On the 15-minute chart:
The line 1, which was formed in a second half of Asian session, lies on the way of the lowering pair. Piercing of that line will be a signal of trend dynamics, while the slowdown in that place can cause a flat. Recommendation: keep the short positions opened.
The pair rebounded from the key support level 78.50 and was growing until found a line 1. The price is lowering along that resistance. The moving averages are showing the descending trend in inertia.
On the 1-hour chart:
The pair was fluctuating in flat between the support 78.50 and resistance 78.64 levels from the beginning of Tuesday. The price is moving toward the support. The moving averages confirm the flat character of the pair movement.
On the 15-minute chart:
The resistance line 1 restricts the pair fluctuations from the top. The price is consolidating between the mentioned line and support level 78.50. Recommendation: close the positions and wait for outcome. Flat is more likely than the trend resumption.
Bearish trend between the lines 1 and 2 remains. Moreover there is upward channel between the lines 3 and 4. The line 5 had been broken after the rebound from the resistance level 0.9625 and it was a decrease to the level 0.9545. The pair increased to the level 0.9586 after that it was a recoil and it had been formed the resistance line 6. The Moving Averages show remaining of the bearish trend.
On the 1-hour chart:
The price reached the resistance level 0.9586 during the correction on Wednesday. After that it was the rebound downwards and the resistance line 1 had been formed. Thus, the consolidation between the lines 1 and 2 continued. The price moves along the resistance line of the consolidation. The Moving Averages show the remaining of the bearish tendency.
On the 15-minute chart:
The price moves in the channel between the lines 1 and 2 in the direction of the line 3. If the tendency could remain the line 3 and the level 0.9550 could be broken bearish trend will continue. If the price could rebound upwards and the resistance line 2 and the level 0.9586 could be broken the pair will remain the correction.
The price decreased to the level 1.5813 during the correction after the rebound from the resistance level 1.5833. After that it was recoil and the price broken the resistance line 1. It had been formed thin channel between the lines 2 and 3. The Moving Averages show the remaining of bullish trend.
On the 1-hour chart:
The growth continued after the rebound from the support level 1.5813 and it had been broken the line 1. As a result it had been formed the channel between the lines 2 and 3. The Moving Averages show upward tendency.
On the 15-minute chart:
The price moves in the channel between the lines 1 and 2 at the moment. If the tendency could remain the pair will decrease to the line 2 on the 1-hour chart. If the resilience line could be broken trend dynamics will continue.
The price remains to move between the lines 1 and 2. The decrease to the support level 1.2480 had been during the correction, and after that the direction of the dynamics had changed. The price increased to the previous local high level 1.2583; however it had not been the breakthrough. That was a signal for the remaining of the correction. The price decreased to the level 1.2525 after the second rebound from the level 1.2583. As a result it had been formed the line of the consolidation 3. The Moving Averages show the upward trend.
On the 1-hour chart:
The price rebounded upwards with the formation of the consolidation line 1 after the correction to the level 1.2525. After that it had started the growth along the line 1 and it had been reached the resistance line 2. The Moving Averages show the formation of the reverse upwards.
On the 15-minute chart:
The volatility increased at the second part of Wednesday that had caused the enlargement of the channel and displacement of the lines 1 and 2. Bullish dynamics continued after the support level 1.2525had been reached. The support provides by the line 3 as well. The price places near the high border of the consolidation area to the moment. If the tendency could remain the price will continue to test the 1.2570. In the case of the break through the line 3 it will start flat between the levels 1.2525 and 1.2570. The break through the support level will be a signal for the continuation of the decrease.
After the rebound from the support level 0.9872, the pair left the descending channel, which was clumped by the lines 1 and 2, by piercing the resistance. The resistance levels 0.9883 and 0.9892 have also been pierced. The moving averages are showing the turnover.
On the 1-hour chart:
During the last two days, the pair movement was restricted from the top by the resistance line 1. After the break through the level 0.9892, the pair dynamics was look like a flat between the mentioned level, which was confirmed as a support, and resistance area 0.9905/08.
On the 15-minute chart:
The pair returned to the previous ascending channel between the lines 1 and 2, which was formed on Wednesday. Now the price is testing the resistance area 0.9905/08. Recommendation: resume buying in case of foothold of the pair above the mentioned area.
The pair continues to move within the three-week descending trend, clamped by the lines 1 and 2. The price reached the bottom of the channel as well as a support level 1.0321 and started to rebound. The new monthly low 1.0317 has been recorded.
On the 1-hour chart:
The pair demonstrated the intensive decline after rebound from the resistance line 1. The lowering price found the support at the level 1.0321. During the last few hours, there was a mixed dynamics on the chart. The moving averages are showing the slowdown of the falling.
On the 15-minute chart:
During the second half of the Asian session, the pair was growing until changed the movement character to flat. The closest resistance lies at 1.0348. Recommendation: close the positions and wait for trend dynamics forming.
After the long fluctuating along the support level 78.50, the pair pierced the resistance line 1 and started to grow. The price has found a resistance at the level 78.76 herewith touched the line 2, which has also been confirmed as a resistance. The moving averages are showing the flat.
On the 1-hour chart:
The pair continues to fluctuate in flat right between the support 78.50 and resistance 78.76. The price is lowering after the rebound from the top border of corridor and from the line 1. The moving averages are still showing the horizontal dynamics.
On the 15-minute chart:
During the Asian session, the pair was demonstrating predominantly bearish dynamics, but at the last hours is started the turnover. The nearest resistance lies at 78.64. Recommendation: close the positions and wait for the end of flat dynamics.
The pair remains to move in the downward corridor between the lines 1 and 2. The correction had started after the rebound from the support line. As a result it had been formed the support line 3. Thus the channel of the correction between the lines 3 and 4 had been formed. The price corrected to the resistance level 0.9610 and rebounded to the moment. The Moving Averages confirm the correction.
On the 1-hour chart:
The price had left the consolidation area between the lines 1 and 2 with the break through the resistance line. The resistance level 0.9610 had been reached during the growth. After that the price rebounded downwards. As a result of the bearish dynamics it had been formed the channel between the lines 3 and 4. The Moving Averages show upward tendency.
On the 15-minute chart:
The pair started the day between the support line1 and the level 0.9610. The price rebounded from the resistance level and decreased to the support line to the moment. If the tendency could remain the pair will decrease to the support line of the correction channel 3 on the 4-hour chart. If it could be a rebound the growth on the correction channel will remain.
The resistance level 1.5858 had been reached during the growth. Sharp decrease below the support line of the upward channel 1 had been after that. The break through the line 1 was the signal for the reverse in the downward direction. The Moving Averages show the approach of the reverse.
On the 1-hour chart:
The pair decreased to the support level 1.5771 after the rebound from the level 1.5858. The further fluctuations continued along the line 1. The Moving Averages gave bearish signal.
On the 15-minute chart:
The pair started the bay between the level 1.5771 and the line 1. The price decreases to the support level to the moment. If the tendency could remain the support level will be broken bearish tendency will continue to form. If the lines 1 and 2 could be broken the pair will arrive into the upward channel and bullish trend will continue.
The price remains to move in the channel between the lines 1 and 2. The pair decreased to the level 1.5495after the break through the support line 3. As a result it can be concluded flat character of the correction. The Moving Averages confirms the conclusions.
On the 1-hour chart:
The pair rebounded from the resistance line 1 and broken the support line 2 at the second part of Thursday. The next rebound was from the support level 1.2495. The support line 3 had been formed as well. The Moving Averages show bearish tendency.
On the 15-minute chart:
The pair fluctuates in flat after the decrease to the support level 1.2495. The break through the support level will be the sign for the remaining of the correction. The signal from the remaining of the trend will be the break through the level 1.2525.
Since the middle of the week, the pair is growing within the ascending channel between the support line 1 and resistance line 2. The resistance area 0.9905/08 has been pierced. The price is testing the level 0.9924. The moving averages are ready to provide a bullish signal.
On the 1-hour chart:
The price, which was moving between the lines 1 and 2 within the bullish trend, rebounded from the resistance and started the correction phase. Testing of 0.9924 delayed, moving the pair closer to the support line. The moving averages are showing the beginning of the flat.
On the 15-minute chart:
The pair, which was fluctuating predominantly in flat during the Asian session, marked the decline after the last rebound from the level 0.9924. The support line 1 has been pierced. Recommendation: refrain from trading until the clear trend will be formed.
The pair continues to decline after the rebound from the resistance level 1.0388. After the short testing, the price pierced the level 1.0321 and the support line of the monthly descending trend 2. The moving averages are showing the resumption of bearish tendency.
On the 1-hour chart:
The pair recorded a new monthly low at 1.0277 and started the correction of descending trend. The price is getting close to the level 1.0321, which will likely be confirmed. The moving averages also showing the correction.
On the 15-minute chart:
During the Asian session, the pair formed the correction channel of descending trend by the lines 1 and 2. During the growth, the resistance line 3 was pierced. Recommendation: keep the long positions opened and take a profit at 1.0321.
The pair was lowering along the resistance line. After the long testing, the price pierced the key support level 78.50 and declined to the support line 2. The moving averages are showing the bearish character of dynamics.
On the 1-hour chart:
The pair touched the support line 1 and the level 78.40 and testing begun. In case of success, the price will open way to support 78.33 and the line 2. Otherwise, the expansion of flat channel is possible. The moving averages confirm the forming of descending trend.
On the 15-minute chart:
During the second half of Asian session, the pair tested the support level 78.40, but with no success. The forming of the resistance line 1 could be mentioned. Recommendation: close the positions and resume trading after piercing of support.
The pair is moving within the descending channel between the resistance 1 and support 2. Rebounded from the resistance level 0.9924, the pair fell to the support line 3. The price pierced the line 4, area 0.9908/05 and the levels 0.9883 and 0.9872. The pair is trying to gain a foothold below the 0.9860.
On the 1-hour chart:
Opened the trading with 20-pip gap, the pair starts the decline. The resistance line 1 has been formed. The price is testing the support level 0.9852. The moving averages are showing the intensive descending trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the clear downward dynamics between the lines 1 and 2. The price is testing the support 0.9852 for the last few hours. If the pair confirm the level, the turn to flat will be possible, while its piercing will be a signal to sell.
The pair has left the channel of middle-term downward trend between the lines 1 and 2 by opening the trading on this week below the support line. The price recorded new 5-week low at 1.0237. The moving averages are confirming the continuation of descending trend.
On the 1-hour chart:
The Friday dynamics ended by the testing of the resistance line 1. After opening the day with 40-pip gap, the pair started to decline, but found a support at the level 1.0255, which was under testing during the Asian session. The moving averages continue to show the falling by inertia.
On the 15-minute chart:
During the mixed dynamics at the beginning of Monday the pair formed the resistance line 1, piercing of which will be a signal of the descending trend correction resumption. Otherwise, the support level 1.0255 will be pierced and the falling will continue. Recommendation: close the positions and wait for outcome.
The pair continues the decline within the middle-term trend, clumped by the lines 1 and 2. At the end of the previous week, the price pierced the support line 3 and fell to the line 2. After recoil, the price started the correction. The moving averages are confirming the downward tendency.
On the 1-hour chart:
The pair renewed the two-week low by the value 78.18. During the growth after rebound, the price broke through the resistance 78.33 and now trying to gain a foothold above it. The nearest resistance lies at 78.40. The moving averages confirm the correction.
On the 15-minute chart:
In the second half of the Asian session, the pair formed the support line 1, which clearly restricts the dynamics from the bottom. In case of holding of the pair above the 78.33, the correction will continue. Otherwise, the turn to flat is possible. Recommendation: keep the long positions opened, but move the stop losses closer to 78.33.
The Friday skyrocketing let the pair return to the monthly ascending trend channel, clumped by the support 1 and resistance 2. The growing price rebounded from the resistance line 3 and lowered to level 1.5858. The moving averages are showing the trend resumption.
On the 1-hour chart:
In the second half of Friday the resistance level 1.5882 was formed. Its unsuccessful testing dropped the pair to the support level 1.5858. Such dynamics could be counted as a correction of the upward trend, which is confirmed by the moving averages.
On the 15-minute chart:
During the Asian session, the pair demonstrated the weak downward dynamics, clamped by the line 1 from the top and 2 – from the bottom. Now the price is testing the resistance line. Recommendation: wait for piercing of the line 1 or level 1.5858 and open the position in the respective direction.
The pair continues to move within the ascending trend between the support line 1 and resistance line 2. The Friday rally after the rebound from the level 1.2495 finished by touching the long-term resistance line 3 and followed recoil below the area 1.2583/77. The moving averages are showing the continuation of upward trend.
On the 1-hour chart:
From the end of Friday, the pair was fluctuating in flat on the narrow range between the support 1.2561 and resistance 1.2583. In addition, the pair dynamics is affected by the line 1, which was confirmed as a resistance. The moving averages are showing the beginning of ascending trend correction.
On the 15-minute chart:
During the Asian session, the pair continued the clear flat between the 1.2583 and 1.2561. The line 1 could support a pair. Piercing of any border of fluctuation diapason will be a first signal of the trend movement. Until that moment, it is recommended to refrain from trading.
The pair continues to decline within the descending trend between the lines 1 and 2. After rebound from a support line 3 and a short flat, the pair resumed to fall. The moving averages confirm the downward trend.
On the 1-hour chart:
The pair was fluctuating in a large flat between the resistance level 0.9872 and support level 0.9852 since the beginning of the week. At the second half of Asian session, the price pierced the support level and continued to decline. The moving averages are still downward oriented.
On the 15-minute chart:
During the Asian session, the pair formed the intraday descending channel by the resistance line 1 and support line 2. The nearest resistance lies at 0.9852, while the support could be found at 0.9843. Recommendation: wait for rebound from the line 1 and resume selling.
