The pair continues to move within the descending trend between the lines 1 and 2, getting close to the resistance line. The nearest key support lies at the level 0.9517, while the important resistance could be found at 0.9610. The moving averages are showing the weak downward trend.
On the 1-hour chart:
During the last day, the pair was demonstrating the mixed dynamics. After the sharply growth and followed falling, the volatility of pair declined. However, at the last hours of Asian session, another rapid increase started. The moving averages dynamics shows the consolidation.
On the 15-minute chart:
During the Asian session, the pair was moving in flat below the resistance level 0.9540. However, after its piercing, the price started to grow sharply. The level 0.9545 and 0.9562 have been broken. Recommendation: keep the long positions opened.
The price continues to move within the ascending trend between the lines 1 and 2. The pair pierced the key resistance level 1.5895 and confirmed it as a support. The moving averages are showing the confident upward trend.
On the 1-hour chart:
The pair is fluctuating within the convergent diapason between the support line 1 and resistance line 2. The price got close to the intersection of mentioned lines. In addition, the pair recorded new three-month high at 1.5943. The moving averages continue to show the intensive ascending trend.
On the 15-minute chart:
The lines 1 and 2 are clearly restricting the pair dynamics during the second half of the Asian session. Herewith the price reached the resistance line 3. The beginning of correction is likely. Recommendation: keep the long positions opened, but be ready to close it with the first signs of correction.
The pair continues to move within the two-week ascending trend between the support line 1 and resistance line 2. The growing since the middle of the week price has reached the top border of the channel and started to test the line 2 and resistance level 1.2645.
On the 1-hour chart:
During the second half of Thursday, the pair was demonstrated the mixed dynamics. The sharply falling and followed skyrocketing compensated each other. The price reached the resistance level 1.2645, mentioned herewith the piercing of line 1. The moving averages are showing the ascending trend.
On the 15-minute chart:
During the Asian session, the pair had a bullish tone. The growth was restricted by the line 1, which was formed yesterday. After piercing the line 2, the pair started to grow more intensively. Recommendation: keep the long positions opened.
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At the end of the previous week, the pair pierced the support line of descending trend 1 and continued to fall until the mark 0.9764, where the four-month low was recorded. Herewith the price pierced the support areas 0.9883/72 and 0.9852/42. The moving averages are saving the bearish bias.
On the 1-hour chart:
Finished he falling, pair is demonstrating the flat dynamics this week. The nearest support is at the level of previous low 0.9764, while resistance could be found at 0.9810. The moving averages are changing the slope to flatter.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat on the narrow range between the marks 0.9770 and 0.9787. Recommendation: resume trading after forming of the clear trend dynamics.
The growth in channel between the lines 1 and 2, which the pair demonstrated in the second half of the previous week, finished by touching the resistance level 1.0388. Today the trading opened with 25-pip downward gap. The pair has the bearish bias. The moving averages confirm the end of the descending trend or the deep correction.
On the 1-hour chart:
Since the beginning of the week, the pair started the descending tendency. The support line of the upward trend 1 was pierced. Now the price has begun testing the support level 1.0348. The moving averages confirm the end of the last week ascending trend.
On the 15-minute chart:
The gradually falling pair continues to test the support level 1.0348. In case of success, the pair will open the way to the key support at 1.0321. Recommendation: continue to sell after gaining a foothold below the level 1.0348.
The Friday falling after the macroeconomic news was the reason of piercing the key levels 78.76 and 78.50. The price lost in total more than 70 pips, which nullifies all the weekly gain. The pair found a support at the level 78.16. The moving averages have given a bearish signal.
On the 1-hour chart:
Fell to the mark 78.01, the pair recorded a new five-week low. Before the end of the Friday trading, the pair returned a part of losses. The current week started by the flat dynamics. The moving averages are showing the descending trend by inertia.
On the 15-minute chart:
During the Asian session, the pair is fluctuating on the narrow range between the marks 78.18 and 78.28. In the last hours the weak bullish tendency started. Recommendation: refrain from trading until receiving the confirming signals.
The pair continues to move inside the middle-term descending trend channel between the lines 1 and 2. At the end of the previous week the key support level 0.9517 was pierced. During the falling, the price lost in total more than 130 pips, recorded herewith a new two-month low at 0.9432. The pair touched the trend support line 1.
On the 1-hour chart:
The sharply falling, which started at the end of the last week, forced the pair to test the descending trend support line 1 baked by the line 2 and level 0.9448. After the short flat, the pair started to rebound from the support. The moving averages begun to change the slope to flatter.
On the 15-minute chart:
During the Asian session, the pair was fluctuating between the levels 0.9448 and 0.9459, however at the last hours the channel expanded by moving the top border to the level 0.9472. Recommendation: refrain from trading before the trend dynamics.
At the end of the previous week the pair pierced the resistance line of ascending trend 1, confirmed it later as a support. After that, the growth by about 100-pip followed, which caused another renewing of the four-month high at 1.6034.
On the 1-hour chart:
The correction of ascending trend, which started at the end of last week, continued on Monday. The pair lost about 25 pips since the beginning of trading and then finished falling. The closest support lies at 1.5971, while the last high at 1.6034 could be counted as a resistance.
On the 15-minute chart:
During the Asian session, the pair was declining, forming the channel between the lines 1 and 2. The falling ended when the price found a support at 1.5993. After recoil from mentioned level, the pair started the sharply growth. Recommendation: keep the long positions opened.
At the end of the previous week the pair skyrocketed after the macro news by almost 200 pips, pierced herewith the levels 1.2645 and 1.2711 and also the middle-term resistance line 1. The price recorded new three-month high at 1.2811. The pair started current week with slow decline.
On the 1-hour chart:
The pair lost about 30 pips since the beginning of the week. The decline has a tendency character. The nearest support lies at the level 1.2759, while resistance could be found at 1.2816. The moving averages started to change their slope to flatter.
On the 15-minute chart:
The decreasing pair formed the descending channel by the lines 1 and 2 during the Asian session. Now the price is in the correction phase of intraday trend. Recommendation: wait for recoil from the resistance line 1 and then resume selling.
The pair continued the decline pierced the support area 0.9764/55 and the line 1. The price got close to the middle-term support line 2. The moving averages continue to show the intensive descending trend.
On the 1-hour chart:
Since Monday, the line 1 was restricting the pair dynamics from the top. After piercing the support area 0.9764/55, the price accelerated the falling. The pair recorded new four-month low at 0.9737. The moving averages continue the intensive falling.
On the 15-minute chart:
The pair found a support at the line 1, which is under the active testing now. It is important to mark the possible influence of the line 2 on the price dynamics. Recommendation: keep the short positions opened and wait for piercing of support.
From the beginning of the week, the pair was demonstrating the moderate bearish dynamics. The price pierced the support level 1.0348 and confirmed it as a resistance. The moving averages have given the belated bullish signal.
On the 1-hour chart:
The pair was fluctuating within the descending channel between the lines 1 and 2 since Monday. Now the price is in the correction phase. Herewith the resistance line 1 and level 1.0348 are under the active testing. The moving averages are predicting the possible flat.
On the 15-minute chart:
Despite the movement within the descending trend between the lines 1 and 2, the pair was fluctuating in flat between the levels 1.0348 and 1.0321 during the Asian session. The price stared to rebound from the line 1. Recommendation: open the short positions.
Since the beginning of the week, the pair is fluctuating above the level 78.16. In addition, the influence of resistance line 1 of the price dynamics can be mentioned. The forming of triangle between the marked level and line is possible. The moving averages are showing the falling resumption.
On the 1-hour chart:
The pair was demonstrating the moderate bearish dynamics since the middle of Monday. The nearest support lies at 78.16, while the resistance could be found at the level 78.33. The moving averages slowed the falling down, but continue to show the descending tendency.
On the 15-minute chart:
During the American and Asian sessions, the pair was moving within the downward channel between the lines 1 and 2. The price is getting close to the support 78.16. Recommendation: open the short positions after piercing of support and receiving the confirming signals.
From the beginning of the week, the pair is fluctuating in flat between the levels 0.9434 and 0.9472. Herewith the price dynamics fits the borders of descending trend between the lines 1 and 2. The moving averages continue to show the downward tendency.
On the 1-hour chart:
Since the middle of Monday, the pair operates between the support line 1 and the resistance line 2. The levels 0.9459 and 0.9448 are also affecting the price dynamics. The moving averages slowed the falling down, suggesting flat.
On the 15-minute chart:
The rapid falling at the end of the Asian session was restricted by the level 0.9434 backed by the support line 1. The testing of the support continues. Recommendation: refrain from trading due to the mixed dynamics.
The pair left the previous channel between the lines 1 and 2 and confirmed the line 1 as a support. In addition, the pair rebounded from the support level 1.5971. The moving averages continue to grow, suggesting the clear ascending tendency.
On the 1-hour chart:
After the recoil from the level 1.5971 in the second half of Monday, the pair formed the support line 1, which has a significant influence of the pair dynamics. The moving averages slowed the growth down, showing the deep correction of upward trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the confident growth, which has a tendency character. The pair pierced the resistance level 1.6018 and now tries to gain a foothold above. Recommendation: keep the long positions opened.
From the beginning of the week, the pair was demonstrating the bearish dynamics. However, during the Asian session, the price returned a half of loses from the beginning of Monday trading. The support line 1 could cause the mentioned growth.
On the 1-hour chart:
The pair confirmed the level 1.2759 as a support. Reached the support lines 1 and 2 the price started the intensive growth. The nearest resistance lies at 1.2816. The moving averages are changing the direction to horizontal, suggesting the flat forming.
On the 15-minute chart:
The descending dynamics of the pair fits the borders of the channel between the lines 1 and 2, which was formed yesterday. After rebound from the level 1.2759, the price pierced the resistance line 1. Recommendation: keep the long positions opened.
The pair finished the descending dynamics at the end of the previous week by touching the support line 1 and started the growth. The upward movement was restricted by the level 0.9717. The line 2 also affects the price dynamics. The moving averages are showing the correction of the current trend.
On the 1-hour chart:
After the rebound from the line 1, the pair reached the level 0.9717 and turned to flat. The price is fluctuating between the resistance level and the line 1. The nearest support level lies at 0.9668. The moving averages confirm the horizontal dynamics.
On the 15-minute chart:
The pair is fluctuating in flat between the level 0.9717 and the line 1 since the end of the previous week. During the fluctuations, the support level 0.9693 was formed. In case of break through any border of the corridor, it is recommended to wait for confirmation of trend dynamics before trading.
The pair continues the movement within the ascending trend between the lines 1 and 2. Recoiled from the intersection of the lines 2 and 3 and the resistance level 1.0598, the price started the correction. The pair reached the level 1.0532 and the support line 1.
On the 1-hour chart:
During the American and Asian sessions, the pair is in the correction phase of ascending trend. Reached the level 1.0232 and the line 1, the price slowed the falling down. The moving averages confirm the correction.
On the 15-minute chart:
The pair was lowering within the downward channel between the lines 1 and 2, but in the last hours, the resistance line 1 was pierced. Recommendation: open the long positions in case of the clear piercing of the area 1.0532/47.
At the end of the last week, the pair recoiled from the support 1 and started the sharply growth. The price, which gained in total about 90 pips, returned all the weekly losses. The pair grew above the level 78.16 and confirmed is as a support.
On the 1-hour chart:
The pair found a resistance at the level of previous local high 78.33 and turned to flat between the mentioned level and the support 78.16. The moving averages gave a bullish signal, but now confirm the correction of short-term ascending trend.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the levels 78.16 and 78.33. The current dynamics could be a deep correction of the upward tendency or the reverse. Recommendation: wait until the end of the flat.
