The pair gained a foothold below the channel clamped by the lines 1 and 2. The new support line 3 has been formed. The line 4 acts as a new resistance. Now the price is in the correction phase of the descending trend, which is confirmed by the moving averages.
On the 1-hour chart:
After the rebound from the level 1.0255 downwards, the pair renewed the monthly low by a value 1.0221. Then, during the correction, the price pierced the level 1.0255 upwards and reached the line 1, which is under testing now.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics. The pair was fluctuating in flat for the next few hours, trying to grow above the line 1. On the way of pair also lies the line 2. Recommendation: close the positions and wait for clearer dynamics.
After recoil from the support line of descending channel 1 at the beginning of the week, pair pierced the resistance 2 and started to grow. On the way of price, there are the line 3 and key level 78.50, which requires a confirmation as a support.
On the 1-hour chart:
The growing pair formed the support line 1 and resistance line 3, which are clamping the large ascending channel. The price pierced the level 79.33 and then confirmed it as a support. During the Asian session, the pair was testing the resistance level 78.40. The moving averages are confirming the turnover of downward trend.
On the 15-minute chart:
The pair recoiled upwards from the line 1, which caused the piercing of the level 78.40. Then the price started to grow intensively. The nearest resistance lies at 78.50. Recommendation: keep the long positions opened and take profit at the mentioned level.
The pair continues to move within the channel of middle term downward trend between the lines 1 and 2. After piercing the support level 0.9545, the pair started to test the previous local low at 0.9517. In addition, it is important to mention the consolidation of pair near the support line 3.
On the 1-hour chart:
The pair dynamics is restricted by the line 1 from the top and the line 2 from the bottom. In addition, the fluctuating price confirmed the level 0.9542 as a resistance. Testing of 0.9517 was continuing during the most part of Asian session.
On the 15-minute chart:
During the last few hours, the pair was fluctuating in a narrow flat between the support 0.9517 and resistance 0.9523. Piercing of support will be a good enter point for short position, while the confirming of level can cause the flat.
The pair continues to grow within the ascending trend channel between the lines 1 and 2, consolidating near the resistance line 3. The price reached the level of the previous local high at 1.5895. The moving averages are confirming the clear upward trend.
On the 1-hour chart:
Since the middle of Monday, the pair was fluctuating in flat between the resistance level 1.5895 and support level 1.5882 trying to continue the growth. The support line 1 has been formed. The moving averages are still showing the growth.
On the 15-minute chart:
The pair is demonstrating the clear consolidation between the resistance level 1.5895 and support line 1. Recommendation: resume buying after piercing the resistance. Otherwise, the pair will continue to fluctuate in flat.
The pair continues to move within the ascending trend, clamped by the lines 1 and 2. The price gained a foothold above the resistance 1.2583 and started to test the previous local high at 1.2612. In addition, it is important to mark, that the pair is getting close to the resistance line 3.
On the 1-hour chart:
After piercing the resistance level 1.2583, the pair started to grow. The support line 1 has been formed. Now the price is consolidating between the lines 1 and 2. The testing of resistance area 1.2612/21 started. The moving averages are showing the intensive ascending trend.
On the 15-minute chart:
The pair is growing within the intraday channel between the lines 1 and 2. The resistance area 1.2612/21, which is backed by the resistance line 3, was under testing for the most part of Asian session. Recommendation: resume buying after break through the area. Otherwise, the flat is likely.
The pair continued the correction within the two-week ascending trend, clumped by the lines 1 and 2. The last recoil from the support line helped the price to skyrocket by 40 pips, piercing herewith the resistance levels 0.9872 and 0.9883.
On the 1-hour chart:
The last day dynamics has formed the support line 1. Testing of the level 0.9872 finished by its piercing and sharply growth of the price. The nearest resistance lies at 0.9905. The moving averages have just given a bullish signal.
On the 15-minute chart:
At the end of Asian session the pair started the sharply growth, forming the narrow channel by the lines 1 and 2. The resistance 0.9898 and the key level 0.9905 lie on the way of the pair. Recommendation: keep the long positions opened.
The pair confirmed the level 1.0255 as a resistance by recoil from it. After that, the price started the sharply falling along the support line 1, which soon became pierced. The moving averages are showing the intensive descending trend.
On the 1-hour chart:
Since the middle of Tuesday, the pair was falling within the descending channel between the lines 1 and 2. The support line 3 and level 1.0196 were pierced. The moving averages are showing the clear downward tendency. The pair renewed a five-week low by the value 1.0171.
On the 15-minute chart:
In the middle of Asian session, the pair finished the correction of descending trend by the rebound from the resistance line 1 and got close to the support line 2. Recommendation: keep the short positions opened aiming at the support line 2.
The growing pair pierced the line 1, but met the resistance at the level 78.50. The correction of ascending tendency started. The nearest support lines at 78.16. The moving averages confirm the end of two-week downward trend.
On the 1-hour chart:
During the growth, the pair formed the ascending channel by the support line 1 and resistance line 2. After the recoil from the resistance line and level 78.50, the correcting price reached the support line 1. The moving averages confirm the correction.
On the 15-minnute chart:
At the end of Asian session, the pair slowed down the falling, testing the support line 1. In addition, the price confirmed the level 78.40 as a resistance. Recommendation: wait for the piercing of that level and buy. Otherwise the turn to flat is possible.
Rebounded from the support line 3, which was backed by the level 0.9517, the pair started the correction of descending trend between the lines 1 and 2. The growing price pierced the resistance line 4 and the level 0.9545. The moving averages confirm the correction dynamics.
On the 1-hour chart:
After the rebound from the support line 1, the growing pair formed the short-term upward trend channel by the lines 2 and 3. The price started to test the resistance level 0.9586. The moving averages have given the clear bullish signal.
On the 15-minute chart:
The pair, which moves within the ascending trend between the lines 1 and 2, is in the correction phase. During the Asian session, the price was fluctuating in flat, getting close to the support line 1. Recommendation: buy in case of rebound from the mentioned support and piercing of the resistance level 0.9586.
The pair rebounded from the intersection of resistance line 1 and level 1.5895 and started the falling. The price lowered to the level 1.5858, herewith reaching the support line 2. The falling fits into the framework of correction of the ascending trend, clamped by the lines 1 and 2. The moving averages confirm this assumption.
On the 1-hour chart:
During the American session, the resistance line 1 and support line 2 were formed. The pair reached the support line of ascending trend 3. The sharply falling could be a result of piercing of the marked triangle bottom. The moving averages are ready to provide a bearish signal.
On the 15-minute chart:
The pair is declining within the descending channel between the lines 1 and 2. The pair mentioned the break through the level 1.5858 and now tries to gain a foothold below. The testing of the support line 3 has begun. In case of success, it is recommended to continue selling. Otherwise, the traders should wait for the piercing of resistance line 1 and open the long positions.
The pair rebounded from the intersection of resistance line 1 and level 1.2612, which was backed by the resistance line 2. The falling price pierced the support area 1.2583/77 and fell to 1.2525. The moving averages are showing the turnover of the ascending trend.
On the 1-hour chart:
Rebounded from the resistance line 1, the pair pierced the support line 2 and started the sharply falling. During the decline, the lines 3 and 4 formed the downward channel. The pair began testing of the level 1.2525. The moving averages gave a bearish signal.
On the 15-minute chart:
During the Asian session, the pair was fluctuating within the descending channel between the lines 1 and 2. The price, which was in the correction phase, got close to the resistance line 1. Recommendation: take profit on the short positions and resume selling in case of piercing the support 1.2525.
The pair continues to move within the descending trend channel, clumped by the lines 1 and 2. Rebounded from the intersection of the resistance line 1 and area 0.9805/08, the price started the sharply falling. The moving averages continue to show the ascending trend by inertia.
On the 1-hour chart:
Testing of the area 0.9805/08 lusted for about 15 hours. After rebound, falling price is getting close to the support line 1 and level 0.9883. The next support lines at 0.9872. The moving averages are showing the turnover of ascending trend.
On the 15-minute chart:
During the last few hours, the pair formed the descending channel between the lines 1 and 2. The falling price got close to the support lines 2 and 3, backed by the level 0.9883. Recommendation: take a profit.
The pair renewed the five-week low by the value 1.0162 and started the sharply growth, confirming the support line 1. The increasing price broke through the resistance line 2 and got close to the line 3. The moving averages are showing the intensive correction of descending trend.
On the 1-hour chart:
Since the middle of the Wednesday, the pair was fluctuating in flat, testing the resistance level 1.0169. Piercing of the level coincided with beginning of the pair skyrocketing. The nearest resistance is the line 1, above which the level 1.0255 lies. The moving averages are preparing to provide a clear bullish signal.
On the 15-minute chart:
During the American and Asian sessions, the pair grew within the channel between the lines 1 and 2. At the end of the Asian session, the resistance line was broken. Recommendation: keep the long positions opened aiming at the level 1.0255.
The pair continues to move in flat with a slight slope aside the bullish trend. This is confirmed by forming of the support line 1. The key level 78.50 restricts the pair dynamics from the top. The moving averages are showing the flat.
On the 1-hour chart:
The pair was moving within the channel of the short-term trend between the lines 1 and 2, until it rebounded from the resistance 78.50. After that, the price started to fluctuate in flat. The moving averages confirm this fact.
On the 15-minute chart:
During the Asian session, the pair was consolidating near the level 78.45. The flat dynamics is already lasting for two days. Recommendation: refrain from trading until the trend movement will appear.
During the last 24 hours, the pair was demonstrating the mixed dynamics. The yesterday falling moved the price to the level 0.9545, where it found a support. After that, the unconfident growth followed. The moving averages are showing the flat character of the price dynamics.
On the 1-hour chart:
Since the middle of the Wednesday, the pair was demonstrating the moderate bullish dynamics, restricted by the line 1 from the top. The clear support line has not been formed. At the end of the Asian session, the pair recoiled from the resistance level 0.9562. The moving averages confirm the flat.
On the 15-minute chart:
During the Asian session, the pair was fluctuating within the expanding channel between the support line 1 and resistance line 2. Rebound from the intersection of the support and level 0.9545 caused the growth. Recommendation: keep the long positions opened.
The pair found a support in the intersection point of the level 1.5858 and the support line 1. After recoil, the price grew approximately by 70 pips, recorded herewith a new tree-month high at 1.5934. In addition, the pair pierced and then confirmed as a support the level 1.5895. The price found a resistance on the line 2.
On the 1-hour chart:
The pair continues to move within the ascending trend channel between the lines 1 and 2. Now the price is in the correction phase. During the second half of the Wednesday, the pair was declining, but at the end of Asian session started the unconfident growth. The moving averages are showing the moderate bullish bias of the price.
On the 15-minute chart:
During the Asian session, the pair predominantly was fluctuating in flat, but it is important to mention the influence of the line 1, which was confirmed as a support. Recommendation: keep the long positions opened, counting on the trend resumption.
The lowering price recoiled from the support line of long-term trend 1 and skyrocketed to the key resistance level 1.2612. The area 1.2577/83 has been pierced. In addition: the price mentioned a piercing of the level 1.2612 and now tries to save a result. The key resistance line 2 could restrict the pair dynamics.
On the 1-hour chart:
The yesterday jump helped the pair to return all the losses of two-day falling. During the last two trading sessions, the price was fluctuating in flat between the levels 1.2612 and 1.2597 testing the resistance hard. Now on the way of the pair there is only final frontier before the resistance line 1 – level 1.2621.
On the 15-minute chart:
During the Asian session, the pair formed the resistance line 1. It is too early to think about the support line. In case of piercing the resistance area 1.2612/21, the trend resumption is likely. Otherwise, the price can continue to fluctuate in flat.
The pair was moving within the descending trend between the lines 1 and 2. Recoiled from the resistance line 1, the price started the sharply falling. After losing about 100 pips in total, the price pierced the support line 2. The pair renewed a 4-month low at 0.9803.
On the 1-hour chart:
After touching the level 0.9810, the pair started the correction of descending trend. The falling resumed after confirmation of the level 0.9830 as a resistance. Now the price is trying to gain a foothold below the 0.9810. The moving averages have given the strong bearish signal.
On the 15-minute chart:
During the Asian session, the pair dynamics was restricted by the resistance line 1. Pierced the level 0.9810, the price failed with holding there and started the growth. Recommendation: continue to sell after piercing the support level.
After recoil from the support line 1, the pair started to grow intensively. The price formed the support line 2 and resistance line 3, which are restricting the ascending trend channel. The price broke through the level 1.0321. The moving averages are showing the turnover of downward trend.
On the 1-hour chart:
The pair pierced the level 1.0278 and then confirmed is as a support. The price rebounded from the support line 1 of short-term trend and continued the rapid growth. The nearest resistance lies at 1.0348. The moving averages have given the strong bullish signal.
On the 15-minute chart:
After piercing the level 1.0321, the pair started to test the resistance line 1. Breaking through the line will open a way to the level 1.0348. Recommendation: keep the long positions opened relying on piercing the resistance.
The pair recoiled from the support line 1 and skyrocketed to the level 78.95, pierced herewith the levels 78.50 and 78.76. The price recorded new two-week high at 79.02. The nearest resistance after 78.95, which is under testing now, is 79.19. The moving averages gave a bullish signal.
On the 1-hour chart:
After the sharply growth, the pair pierced the long-term resistance line 1, but failed with holding above the level 78.95. Testing of the level continues. The moving averages are showing the intensive bullish trend by inertia.
On the 15-minute chart:
During the Asian session, the pair was growing within the intraday ascending trend channel between the lines 1 and 2. Now the price is in the correction phase. Recommendation: open the long positions after piercing the level 78.95.
