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

[MasterForex Broker]

Trend analysis GBPUSD 13.06.12


GBPUSD

On the 4-hour chart:

It is seen clear consolidation near the resistance level 1.5575. The pair fluctuates between the resistance level and the support line 1. The support provides by the line 2 as well. The Moving Averages had given the bullish signal.

On the 1-hour chart:

The pair continues the consolidation for the third day between the support line 1 and the resistance level 1.5575. The price had increased higher the line 2 during the last test of the resistance level. The line 2 had been confirmed as a resistance. Present support line will cross with the support line of the whole consolidation in the near future. The Moving Averages show the presence of the bullish trend.

On the 15-minute chart:

At the beginning of the day it had been formed the resistance line 1 that had been broken after the touch with the support line 2. Later the line 2 had been broken. The line 2 is confirming as a resistance. The tendency will increase to the resistance level 1.5575 if the tendency could remain. As well, there is likelihood of the development of the situation along the line 3.

 

[MasterForex Broker]

Trend analysis USDCHF 13.06.12


USDCHF

On the 4-hour chart:

The pair had broken the side stream of the dynamics between the support level 0.9595 and the resistance level 0.9620. The price had lowered under the trend line 0. The Moving Averages confirm the trend absence. The price is at the support level 0.9595 at the moment.

On the 1-hour chart:

The pair had started the day lower the trend line 0. However, the price had increased sharply to the resistance level 0.9620. The dynamics develops along the trend line. It had started to form the possibility of the breakthrough the support level 0.9595. The Moving Averages prepare to give the bearish signal.

On the 15-minute chart:

The pair had started the day between the support line 1 and the resistance line 2 as well as lower the trend line 0. The pair had increased to the resistance level 0.9620 inside the upward corridor. After that the direction had reversed and the price had broken the support line of the corridor. Later it was a lowering under the trend 0. It had started to form the break through the support level 0.9595. If the level could be broken, the pair will decrease to the support line 1 on the 4-hour chart. If the pair could remain higher the support level the price will foothold higher the trend 0.

 

[MasterForex Broker]

Trend analysis EURUSD 13.06.12


EURUSD

On the 4-hour chart:

The pair had continued the side stream tendency between the support level 1.2484 and the resistance level 1.2514. It had been broken the trend line 0 during the fluctuations. However the price tries to return inside the channel. The Moving Averages confirm the flat.

On the 1-hour chart:

The pair had fluctuated between the support level 1.2466 and the resistance level 1.2514. To the end of the day the price had been near the resistance level. However the price had arrived inside the channel. The pair tests the trend line 0 at the moment. Fluctuations place between the lines 0 and 1. The Moving Averages show the remaining of the weak bearish trend.

On the 15-minute chart:

The pair fluctuates between the support level 1.2466 and the resistance level 1.2514. It was a rebound from the resistance level at the beginning of the day. The decrease had been restricted by the support level 1.5484. After that it had seen the growth to the cross of the lines 0 and 2. Later it was one more reverse of the dynamics direction. The price decreases now. If the support level could not be broken, the flat will remain. If it could be broken any of the levels, the further dynamics will develop in the direction of the breakthrough.

 

[MasterForex Broker]

Trend analysis USDJPY 13.06.12


USDJPY

On the 4-hour chart:

The pair continues the flat started on Monday. The price is fluctuating between the levels 76.65 and 79.18. In addition, the levels 79.37 and 79.53 are affecting at the price dynamics. In case of rebound from the intersection of the line 1 and level 79.53, we could assume the forming of the triangle, which is clamped by the line 1 from the bottom and the level 79.65 from the top.

On the 1-hour chart:

After the rebound from the level 79.65, the pair pierced the line 1, which has been formed during the Asian session. The level 79.53 is under testing now. The moving averages are suggesting the flat character of the dynamics.

On the 15-minute chart:

After the rebound from the level 79.65, the sharply decline begun. The moving averages have already started to change the direction. The nearest support level is 79.53. The news background is enhancing the strength of technical recoil. Recommendation: keep the short positions opened counting in the piercing of the level 79.53.

 

[rsh01]

besides current reviews.

Although you have acknowledged le brambelles post, you didnt address it, and the reasons for that are fairly obvious (not sure how he misses this) and you reconfirm it in the above quote...the main service masterforex broker provides is commentary.
Where's aster1 when you need him?

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/14

USDCHF

On the 4-hour chart:

The pair remains to move inside the downward channel between the support line 1 and the trend line 0. The price had reached the support level 0.9541 at the moment. The flat dynamics places along the support level. The Moving Averages show the presence of the weak bearish trend.

On the 1-hour chart:

The pair had remained yesterday decrease with the flat today between the level 0.9541 and 0.9564. It is 1.5-2 days before the trend line will be reached provided that the corridor could remain. Also, the resistance line 2 could be reached in the near future. The Moving Averages show the presence of the bearish tone.

On the 15-minute chart:

The pair places between the support level 0.9545 and the resistance level 0.9565 from the beginning of the day. The pair approaches to the resistance line 1. The contact expects not earlier than after 3-3.5 hours. If the line could be broken, the next resistance will be the trend line 0. If the line 1 could not be broken, it will start the decrease.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/14


GBPUSD

On the 4-hour chart:

The pair remained to fluctuate between the support level 1.5484 and the resistance level 1.5575. The price had lowered under the lines 1 and 2. Before that it was the consolidation between the support line 1 and the resistance level. The Moving Averages prepares to give the bearish signal.

On the 1-hour chart:

The pair remains to move inside the corridor between the levels 1.5484 and 1.5575 for the fourth day. The dynamics could be determined as a large flat. It had been broken the lines 1 and 2 yesterday. The lines had been confirmed as a resistance in the point of the cross today. The pair had reached the low border of the channel and had rebounded upwards at the moment. The Moving Averages had given the bearish signal one hour before the support line of the channel had been reached. The situation could change now.

On the 15-minute chart:

The pair had started the day with the rebound from the level 1.5505. After that it had been formed the line 1. The pair moved between the line 0 and the support level. The strong rebound and the break through the support level 1.5484. After that the price had increased to the resistance level 1.5505 and places between the levels now. If one of the levels could be broken, the further dynamics will be placed in the direction of the breakthrough. Traders will receive the good entering point in both cases. Also, it well is useful to use the trailing stops.

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/14


EURUSD

On the 4-hour chart:

The price had remained the tendency and had arrived above the trend line 0. As well, it had been formed the support line 1. The growth had been interrupted by the flat dynamics at the moment. However, it expects the continuation of the trend dynamics. The Moving Averages show the presence of the bullish trend.

On the 1-hour chart:

After the rebound from the support line 1 on Tuesday the pair had saved the upward dynamics to the resistance level 1.2598. After that the correction had started. The price approaches to the support line 2 at the moment. The Moving Averages show the presence of the bullish trend.

On the 15-minute chart:

The pair continues to fluctuate in flat that had started at the end of the previous day after the rebound from the resistance level 1.2598 at the moment. Also the pair places between the support level 1.2560 and the resistance line 1. The price approaches to the support line 2. If the resistance level as well as the support level could be broken, the likelihood of the further growth. In that case traders will obtain the possibility to enter the market after the foothold higher the resistance level. The analogical conclusion could be made in case of the break through the support line 2 and the level 1.2560. However, the price should break through the trend line 0 to start the bearish trading. Moreover, the flat tendency could remain till the end of the day.

 

[MasterForex Broker]

Trend analysis USDCAD 14.06.12

USDCAD

On the 4-hour chart:

The pair has been declining along the resistance line 1 of the descending channel until it reached the support area 1.0268/49. The first testing failed, but the pair continued the decline after a short growth. It makes sense to draw a new resistance line 2, which has a gentler slope than the line 1.

On the 1-hour chart:

The pair pierced the top border of the triangle, but showed no significant activity as predicted. After the rebound from the resistance line 1, the price fell to a level 1.0268 and changed the dynamics to flat, which is clamped by the level 1.0278 from the top.

On the 15-minute chart:

The lines 1 and 2 formed the descending channel during the Asian session. However, it was pierced after the rebound from the level 1.0268. After the second rebound from that level, the growing pair started the testing of the resistance area 1.0278/84. Recommendation: take a profit after reaching the key resistance 1.0291.

 

[MasterForex Broker]

Trend analysis AUDUSD 14.06.12

AUDUSD

On the 4-hour chart:

After the rebound from the resistance level 0.9971, the pair pierced the support line 1. Then the decline followed, but the price has changed it to flat almost immediately. The moving averages are showing the ascending trend by inertia.

On the 1-hour chart:

The pair has narrowed the fluctuating diapason to the range between the 0.9962 and 0.9930. The price dynamics is also under influence of the level 0.9950. The forming of the short-term trend line 1 is possible. In case of the breaking through the resistance levels 0.9950, 0.9962 and 0.9971, we can talk about the beginning of the upward tendency.

On the 15-minute chart:

The lines 1 and 2, which are the borders of the ascending channel, had been formed during the Asian session. However, the beginning of the growth still has not been confirmed by the piercing of the resistance levels. The most likely scenarios are:

1) Piercing of the area 0.9962/70 during the next few hours

2) Continuing of the flat at least until the publication of the US statistics

Recommendation: close the positions and wait for the breaking through the 0.9962.

 

[MasterForex Broker]

Trend analysis USDJPY 14.06.12

USDJPY

On the 4-hour chart:

After the breaking through the support line 1, the pair continued to fluctuate between the key levels 79.65 and 79.18. Herewith, the diapason of the fluctuation reduced and the price is moving between the 79.53 and 79.36 now.

On the 1-hour chart:

The fluctuating price has confirmed the resistance 79.47, which is the border of the flat channel. The moving averages are oriented horizontally, confirming the absence of the trend. Let’s look through the situation in detail.

On the 15-minute chart:

The pair is getting close to the level 79.36 now. The piercing of the support and resistance levels in the near future is not expected. Recommendation: refrain from the trading before the appearance of the trend dynamics. In addition, the monitoring the news from the US and Eurozone is important.

 

[MasterForex Broker]

Trend analysis USDCAD 15.06.12

USDCAD

On the 4-hour chart:

The pair rebounded from the support line 1 and started to fall. The level 1.0268 has been pierced, the price is testing the 1.0224. The price dynamics is under the influence of the support line 2. The moving averages are showing the moderated descending trend.

On the 1-hour chart:

The pair moves within the expanding channel between the lines 1 and 2. The lines 3 and 4 have been limiting the price dynamics since yesterday. Now the pair is in the correction phase, which has a form of flat between the levels 1.0240 and 1.0231.

On the 15-minute chart:

The fluctuating pair touched the line of descending trend 1. The most likely scenarios are:

1) Breaking through the support area 1.0231/24 and resumption of the decline within the current trend

2) Breaking the trend line and resumption of the flat

 

[MasterForex Broker]

Trend analysis USDJPY 15.06.12


USDJPY

On the 4-hour chart:

The pair rebounded from the recently formed resistance line 1 and started the sharply falling. The price has crossed the support line 2 and level 79.17 and stopped when touched the support 78.78. The pair has started the rebound.

On the 1-hour chart:

The pair has left the trading channel, clamped by the lines 1 and 2, by piercing the support. After the rebound from the level 78.78, the price begun the slowly growth. The closest resistance level is 79.17. The moving averages are still showing the descending trend.

On the 15-minute chart:

The pair had been declining along the line 1, which was pierced after the rebound from the support area 78.78/85. After that, the support line 2 was mapped. The moving averages started to change the direction to the horizontal. Recommendation: wait for the stable ascending tendency or, in case of the falling resumption, for the breaking through the level 78.78.

 

[MasterForex Broker]

Trend analysis AUDUSD 15.06.12

AUDUSD

On the 4-hour chart:

The pair moves along the ascending trend, clamped by the lines 1 and 2. The correction period has finished by rebound from the support line and the level 0.9926. The price has reached the top border of the channel and started to test the resistance level 1.0030.

On the 1-hour chart:

The growing phase within the trend between the lines 3 and 4 ended after reaching the crossing of the lines 2 and 4. In addition, the price has been testing the level 1.0030 during the whole Asian session. The moving averages are confirming the stabile upward tendency.

On the 15-minute chart:

The pair continues the moving between the lines 1 and 2. The price has formed the clear triangle by the line 1 from the bottom and the area 1.0025/30 from the top. Thus, the most likely scenarios are:

1) Breaking the triangle downwards. The nearest support in this case would be the level 0.9988.

2) Breaking the triangle upwards. In this case, the pair would record the month maximum.

Recommendation: wait for the piercing of the triangle border and open the appropriate position.

 

[MasterForex Broker]

Trend analysis of the USDCHF for 12/06/15


USDCHF

On the 4-hour chart:

The pair remains the downward dynamics in the direction of the line 1. The dynamics places along the resistance line 2. The Moving Averages show the presence of the bearish trend. The price places near the previous local low 0.9500.

On the 1-hour chart:

The pair remains to be traded inside the downward channel between the support line 1 and the resistance line 2. The Moving Averages show the presence of the stable bearish tendency. The pair had tested the support level 0.9500 today. It expects the other testing of the level.

On the 15-minute chart:

The decrease had slowed down near the support level 0.9500. The pair clamped in the thin space between the support level and the line 1. If the level could be broken, traders will reach a good entering signal of the trend remaining. After the foothold lower the level traders could open the short positions. Is the line could be broken, the correction dynamics could remain. In the case the dynamics could be restricted by the trend line 0.

 

[MasterForex Broker]

Trend analysis of the GBPUSD for 12/06/15


GBPUSD

On the 4-hour chart:

The pair remains to fluctuate higher the support line 1. However the price had decreased to the support line 1 during the consolidation between the line and the resistance level 1.5575. The growth restricts by the resistance line 2. The Moving Averages determined the flat dynamics with the possibility of the growth.

On the 1-hour chart:

The price had lowered to the support level 1.5484 yesterday. The growth had continued after the rebound from the level. The day had started with the decrease. The price had reached the support level for the second time, however, it had been formed the tendency of the recoil higher the line 1. The Moving Averages show the weak growing tendency. If the resistance level could not be broken in the near future the flat will develop.

On the 15-minute chart:

The pair had started the day near the local high and not far from the resistance level 1.5575. After that it had started the decrease, that had fastened in the last hours. As a result, the price had touched the support level 1.5484 and that rebounded to the line 1. The pair rebounded from the line and confirmed it as a resistance. If present dynamics could remain, the line 1 will be confirmed as a resistance on the other time-frames. It expects the end of the flat between the support and resistance levels. If the resistance level could be broken, traders will reach the good entering point for the long positions.

 

[MasterForex Broker]

Trend analysis of the EURUSD for 12/06/15

EURUSD

On the 4-hour chart:

The pair had continued the upward dynamics between the trend line 0, support line 1 and resistance line 2. The Moving Averages show the presence the growing trend. The quotes approach to the middle-term resistance line 3. The price remains to fluctuate inside the middle-term trend channel.

On the 1-hour chart:

The pair remains to increase along the support line 1. It had been broken important resistance level 1.2598 and the price had continued to grow. The Moving Averages show the remaining of the clear growing trend. Traders could seek the possibilities to buy the pair after the break through the level.

On the 15-minute chart:

It had been overcame the resistance level 1.2598 at the end of the previous day. The decrease had finished after the breakthrough and the bullish trend had continued. The pair had not reached the resistance line 3 during the last upward movement, also, it had been broken the support line 2. At the moment there is a possibility of the flat tendency development. Also, the correction could remain till the line 1. It is important to note that the price places near the level 1.2625. If the price could foothold higher the level the pair will break through the pair will remain to increase inside the upward channel. As well there is a likelihood of the flat dynamics along the support line 1. If the price could foothold lower the level 1.2598 traders will orient by the line 1. If the line could be broken, the decrease will be restricted by the level 1.

 

[MasterForex Broker]

Trend analysis of the AUDUSD for 12/06/18


AUDUSD

On the 4-hour chart:

The price has left the channel between the lines 1 and 2 with the piercing of the resistance. The pair started the week with the 32-pip gap upward, but it rebound from the previous maximum 1.0127 immediately. The price lowered to the level 1.0094 now.

On the 1-hour chart:

The pair pierced the ascending trend line 1 and started the testing of the level 1.0094. The moving averages are slowly changing the direction to horizontal. The foothold of the price below the support will mean the end of the short flat and beginning of the decline.

On the 15-minute chart:

The pair is moving within the descending channel, clamped by the lines 1 and 2. The price has pierced the support line 3 and started the sharply decrease. The moving averages changed the direction and ready to cross. Recommendation: keep the short positions opened, pending further decline.

 

[MasterForex Broker]

Trend analysis of the USDJPY for 12/06/18


USDJPY

On the 4-hour chart:

After the opening with the 14-pip upward gap, the pair begun to grow sharply. The price started the testing of resistance, which was found at 79.24. The previous trend line 1 has not been pierced yet, but its relevance is in doubt.

On the 1-hour chart:

The pair returned into the previous channel between the lines 1 and 2. The price has formed the ascending trend line 3 at the beginning of the day. The resistance area 79.24/26 is under the testing now. The moving averages are quickly converging and ready to cross.

On the 15-minute chart:

The pair is fluctuating between the levels 79.23 and 79.26 now. The ascending trend line 1 has been formed during the last 4 hours. The two possible scenarios are:

1) Breaking through the level 79.26 and resumption of the growth along the line 1

2) Breaking through the line 1 with the following flat or decline

In the second case, the formation of the triangle marked on the chart is possible.

 

[MasterForex Broker]

Trend analysis of the USDCAD for 12/06/18


USDCAD

On the 4-hour chart:

The pair recorded the monthly low at 1.0191 at the beginning of this week trading. Then the rapid growth followed. The price returned to the diapason between the lines 1 and 2. The moving averages are showing the moderate descending tendency.

On the 1-hour chart:

The rapid growth caused the piercing of the several intermediate resistance levels: 1.0224, 1.0231 and 1.0240. The pair is getting close to the resistance line 1. The moving averages have sharply changed the direction to the downward. Let’s look through the situation in detail.

On the 15-minute chart:

At the beginning of the trading the descending tendency has begun, which was changed by the mixed dynamics. After that, abnormally rapid growth started. Recommendation: close the positions and wait for the stabile tendency.