At the end of the last week, the pair confirmed the line 1 as a support. The falling price found a support at the level 0.9260 in the intersection point with the mentioned line. The 17-week low was recorded at 0.9238. The moving averages are showing the strong bearish trend.
On the 1-hour chart:
The pair, which lost about 100 pips on Friday, turned to the correction of the descending trend. The price is fluctuating in flat near the level 0.9260. The moving averages started to change the direction to horizontal, confirming the correction dynamics.
On the 15-minute chart:
During the Asian session, the pair formed the descending channel by the lines 1 and 2, but in the last hours, the resistance line 1 was pierced. The important support level lies at 0.9253. Recommendation: wait for the confirmation of the trend ending.
At the end of the previous week, the pair continued the growth within the ascending trend between the lines 1 and 2. The price recoiled from the resistance line 2 and started the correction. The new four-month high was recorded at 1.6256.
On the 1-hour chart:
The growing price grew above the level 1.6192. The formed on Friday support line 1 was pierced after the correction of ascending trend begun. The nearest resistance level, except the previous high, lies at 1.6276. The moving averages confirm the correction dynamics.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the levels 1.6217 and 1.6231. The piercing of any border of corridor will be a first signal of the trend movement beginning. Recommendation: refrain from trading until the end of the flat.
At the end of the last week, the pair pierced the resistance line 1 after recoil from the support line 2. The followed growth helped the price to pierce the resistance line of long-term descending trend 3 and level 1.3064. The pair recorded a new four-month high at 1.3168.
On the 1-hour chart:
The pair was demonstrating the intensive growth, during which the levels 1.2926 and 1.2960 were pierced. The price finished the bullish movement near the level 1.3170 and started the correction dynamics. The moving averages confirm the correction.
On the 15-minute chart:
During the Asian session, the pair was demonstrating predominantly flat dynamics, restricted by the support line 1. The nearest resistance level lies at 1.3170. Recommendation: wait for the trend dynamics resumption.
The pair continued to grow along the support line of short-term ascending trend 1. The price is getting close to the resistance level 0.9764. In addition, the pair reached the resistance line 2. The moving averages are showing the possible turnover of descending trend.
On the 1-hour chart:
The pair started to test the resistance area 0.9755/64, marked herewith the piercing of resistance line 1. The moving averages have given the bullish signal and now show the intensive ascending trend. The nearest support lies at the level 0.9717.
On the 15-minute chart:
During the Asian session, the pair was fluctuating between the support line 1 and the resistance level 0.9755. Recommendation: wait for the piercing of any border of the consolidation diapason and open the positions in the respective direction.
The pair continues the decline along the resistance line 1. The price pierced the support line of the ascending trend 2 and the levels 1.0532, 1.0505, 1.0468. The nearest support lies at 1.0418. The moving averages confirm the turnover.
On the 1-hour chart:
Since the beginning of the week, the pair was declining within the short-term descending trend between the lines 1 and 2. The price reached the previous level of local low 1.0432. The moving averages has given the bearish signal confirming the intensive trend.
On the 15-minute chart:
During the Asian session, the pair was fluctuating between the levels 1.0481 and 1.0447. Pieced in the last hours the support, the price started to fall. Now the support line 1 is under testing. Recommendation: keep the short positions opened.
The growing pair met the resistance line 1. However, soon after the rebound the price continued the growth. The nearest resistance level lies at 78.99, while the support could be found at 78.16. The moving averages have given a bullish signal.
On the 1-hour chart:
During the fluctuations, the pair formed the support line 1, which was confirmed in the middle of the Asian session. During the week, the price was demonstrating the mixed dynamics with predominantly bullish bias.
On the 15-minute chart:
During the last day, the pair was consolidating between the support line 1 and the resistance line 2. In case of piercing the resistance, pair will probably continue to grow, while the piercing of the support line can cause a flat continuation. Recommendation: wait for outcome.
The pair continues to move within the descending trend between the lines 1 and 2. The price lowered to the support level 0.9260 and started the correction. The nearest resistance lies at 0.9366. The moving averages are showing the trend resumption.
On the 1-hour chart:
Since the beginning of the week, the pair is testing the support level 0.9260. The price is getting close to the resistance line of descending trend 1 gradually. The moving averages are changing the direction to horizontal, confirming the flat tendency.
On the 15-minute chart:
During the first half of the Asian session, the pair was testing the resistance level 0.9276. After the recoil, the price started the sharply decline. Now the pair is testing the support area 0.9262/53. Recommendation: wait for piercing the corridor and then resume the trading.
The pair continues the growth within the ascending trend between the lines 1 and 2. The closest resistance lies at 1.6276. The price is moving towards the support line 1 suggesting the correction. The moving averages are showing the upward trend resumption.
On the 1-hour chart:
According to the correction of ascending trend, the pair is fluctuating in the large flat between the levels 1.6276 and 1.6216. During the last day, the corridor narrowed significantly. The moving averages are changing the tilt to horizontal.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the resistance level 1.6252 and support area 1.6233/31. The price is getting close to the top border of corridor. Recommendation: start the trading after the end of the flat.
The pair continues the correction of ascending trend between the lines 1 and 2. The nearest support lies on the level 1.3064. The last recorded high is 1.3171. The moving averages continue to show the intensive ascending trend.
On the 1-hour chart:
The pair is fluctuating in flat between the levels 1.3170 and 1.3090 during the second day. Now the price is testing the bottom border of the corridor. Despite the flat, the bias of the pair is predominantly bearish. The moving averages are changing the direction to horizontal.
On the 15-minute chart:
During the Asian session, the pair formed the resistance line 1. The price is testing the support 1.3090 backed by the line 2. In case of success, the pair will open a way to the level 1.3064 and line 3. Recommendation: open the short positions with piercing of support.
The pair touched the resistance level 0.9764 and turned to flat. The price pierced the support line 1 and resistance line 2. Now the pair resumed the decline. The moving averages changed the bias to horizontal suggesting the flat.
On the 1-hour chart:
During the Tuesday, the pair was testing the resistance area 0.9755/64, but unsuccessfully. After the recoil, the price started to fall. The nearest support lies at the level 0.9717. The moving averages are signalizing the turnover of the ascending trend.
On the 15-minute chart:
The pair, which was growing during the first half of the Asian session, recoiled from the 0.9755 and started to fall. However, the price found the support at 0.9724 and resumed the growth. Recommendation: wait for the clear trend dynamics before trading.
The falling pair met the support at 1.0418 and started to fluctuate between the mentioned level and the resistance 1.0468. The dynamics has a predominantly bullish character. The moving averages changed the direction to the horizontal.
On the 1-hour chart:
During the last two days, the pair formed the resistance line 1. The price marked the rebound from that line and the level 1.0468. The moving averages are showing the flat. There is a possibility of piercing the resistance and upward dynamics continuation.
On the 15-minute chart:
During the first half of Asian session, the pair lost about 40 pips, while after the recoil from the support level 1.0418, the price grew to the resistance 1.0468. Recommendation: buy after the piercing the level 1.0468.
The pair pierced the resistance line 1 after the long testing. Grew above the level 78.99, the pair touched the resistance lines 2 and 3, as well as the level 79.19. The moving averages have given a bullish signal suggesting the intensive descending trend.
On the 1-hour chart:
The growing pair met the hard resistance at the level 79.19 backed by the few lines. The price started the correction phase of ascending trend. The nearest support level lies at 78.99. The moving averages are showing the upward tendency.
On the 15-minute chart:
After the sharply growth, the pair started to fluctuate between the levels 79.19 and 78.99 at the end of the Asian session. The turn to flat will mean the beginning of the long correction of ascending trend. Recommendation: close the position and wait for the trend dynamics.
The pair is fluctuating in flat between the support level 0.9260 and the resistance level 0.9295. The price pierced the resistance line of descending trend 1. The moving averages are still showing the descending trend, slowly changing the tilt to flatter.
On the 1-hour chart:
Since the end of the last week, the pair is fluctuating between the resistance 0.9295 and support 0.9260/50. The line 1 was confirmed as a support. The moving averages are showing the flat.
On the 15-minute chart:
The pair is testing the level 0.9276, which has a limited influence of the price dynamics. In case of its confirmation, the flat channel will be narrowed. Recommendation: refrain from trading until the clear trend dynamics will appear.
The pair continues to move within the ascending trend channel between the lines 1 and 2. The price is fluctuating in flat near the mark 1.6260 according to the correction. The pair got close to the support line 1. The closest resistance level lies at 1.6276.
On the 1-hour chart:
The pair is fluctuating in flat between the levels 1.6276 and 1.6216 for the third day. During the Asian session, the price demonstrated relatively intensive growth, which could be caused by the closeness of the support line 1.
On the 15-minute chart:
During the fluctuations, the pair formed the resistance line 1, which is under testing now. The nearest support level lies at 1.6252. Its piercing will be a signal to flat resumption. Recommendation: wait for the end of horizontal dynamics.
The pair left the ascending trend channel between the lines 1 and 2 by piercing its bottom. The falling ended by the unsuccessful testing of the support line 3. Now the price finished the correction of ascending trend and resumed the growth.
On the 1-hour chart:
The pair recorded the local low at 1.3034 and started the bullish dynamics. The nearest resistance level lies at 1.3090. The level 1.3064 has not a significant influence of a pair movement. The moving averages are showing the flat.
On the 15-minute chart:
After the confirmation of the level 1.3034 as a support, the pair started the growth, but turned over failed with reaching the resistance 1.3090. In case of piercing of the support line 1 and level 1.3064, the flat is possible. Recommendation: wait for the clear dynamics before trading.
The pair was moving within the expanding diapason between the lines 1 and 2. Recoiled from the support line 1, the growing price pierced the resistance line 2 after the long testing. The pair stated to test the line 3 when reached the level 0.9764.
On the 1-hour chart:
After the three-day testing, the pair pierced the resistance are 0.9755/64. Pierced the resistance line 1, the price took an attempt to hold a ground. Two-week high has been recorded at 0.9810. The moving averages are showing the resumption of ascending trend.
On the 15-minute chart:
The pair, which was growing for the most part of Asian session, met the resistance at the level 0.9810. The flat tendency between the mentioned resistance and the line 1 started. The influence of the line 2 on the pair dynamics is possible. Recommendation: close the long positions.
After the long flat, the pair continued to fall. The support level 1.0418 was pierced, and 1.0388 is under testing now. The moving averages are preparing to provide a bearish signal suggesting the descending trend resumption.
On the 1-hour chart:
The pair continued to move within the expanding diapason between the lines 1 and 2 on Wednesday. After recoil from resistance line 1 at the end of the American session, the price started the sharply decline. The support line 2 has been pierced. The moving averages have given a bearish signal.
On the 15-minute chart:
After the sharply falling, the pair started the testing of level 1.0388, demonstrating herewith a deep correction of downward tendency. In case of pierced, the price will open a way to the level 1.0348. Recommendation: take a profit of the short positions and wait for the trend dynamics.
The correction that had started with the rebound from the cross of the support line 1 and the level 0.9260 developed to the upward tendency after the break through the resistance line 2 and the level 0.9295. The price moves in the direction of the downward resistance line 3. The Moving Averages give late signals for the continuation of the correction during the downward trend.
On the 1-hour chart:
The pair started the day with the rebound from the support level 0.9260. The resistance level 0.9295 had been broken after that. The price recoiled from the resistance at the level 0.9320 and the correction began. The Moving Averages gave bullish signal.
On the 15-minte chart:
The price corrects at the moment. The support line 1 had been broken as well. If the tendency could remain, traders will expect the confirmation of the level 0.9295 as a support. That will be a good signal to open long positions. Herewith traders should pay attention to the resistance line 3 on the 4-hour chart. If the level could be broken, traders will receive the signal for the end of the bullish tendency. In the case the price could foothold below the level 0.9250. That will be a signal for the beginning of the bearish trading.
It observes the first deep correction of the month at the moment. The recoil began near the resistance level 1.6260. The support line of the upward channel 1 had been broken and the resistance line 2 had been formed. The Moving Averages give late signals for the correction.
On the 1-hour chart:
The break through the line 1 was the signal for the formation of the bearish trend. The day sated with the end of the correction near the resistance level 1.6260. The resistance line 2 had been formed after the rebound. The price decreased to the support level 1.6175 and recoiled upwards. As a result the support line 3 had been formed and the next correction started. The Moving Averages show remaining of the bearish trend.
On the 15-minute chart:
The price places between the lines 1 and 2 and between the levels 1.6175 and 1.6190. If the correction will continue it will be expect the growth to the resistance line 3. If the price could rebound from the resistance level and could break the support, bearish trend will continue. However traders should consider the vicinity of the low border of the channel. According to this traders should open short positions carefully.
The reverse in downward direction remains on the market. It had started from the resistance level 1.3130. As a result of the dynamics the resistance line 1 had been formed. Previous trend line 2 had been broken as well. The foothold of the price below the level 1.3020 and the line 3 could be a qualitative confirmation for the remaining of the decrease. The Moving Averages give late signal f the correction during the upward trend.
On the 1-hour chart:
Bearish dynamics gains momentum. The day started with the rebound from the resistance line 1. After that it had seen continuous lowering and as a result it had been broken the levels 1.3034, 1.3020 and 1.3000. The Moving Averages show downward trend.
On the 15-minute chart:
The price places between the resistance line 1 and the support lines 2 and 3 to the moment. If the support could be strong enough the pair will increase to the level 1.3000 and after that it will be expected the rebound. If the support line could be broken, traders will gain clear signal for the continuation of bearish trend and for opening short positions.
