The pair touched the long-term line 1 and started to decrease after long flat. The nearest support places at the level 0.9295 since the resistance is at the level 0.9366. The Moving Averages show flat.
On the 1-hour chart:
The pair had lost 40 pips after the rebound from the line 1. The decreased had been along the resistance line 2 and it had developed till the support at the level 0.9316. The Moving Averages changed the upward tone to flat.
On the 15-minute chart:
The pair had been decreasing during the American and Asian sessions between the lines 1 and 2. However the resistance had been broken. The volatility of the pair had increased sharply during the last hours because of the intensive mixed dynamics. It recommends to close the positions and to wait for the formation of the clear dynamics direction.
The pair decreased to the level 1.6175 and rebounded upwards with the break through the resistance line of the correction 1. The support line 2 had been formed during the correction. The price reached the resistance line 3 to the moment and the recoil had started. The Moving Averages show the continuation of the trend.
On the 1-hour chart:
The growth that had started with the rebound from the support level 1.6175 had remained today. The resistance line of the correction 1 had been broken at the end of Thursday. That was the first signal for the end of the correction. The support line 2 had been formed and the price increased above the previous local high 1.6260. It was the rebound from the resistance line 3 to the moment and the next correction began. The Moving Averages gave bullish signal.
On the 15-minute chart:
The price recoiled from the resistance line 1 and it is decreasing at the moment in the direction of the support line 2. If the line 2 could be broken the correction will remain. In the case the trend could continue from the support line of the upward channel 3. If the line 2 could not be broken the correction will finish. It will be the signal for purchases.
The development of the trend remains. The price had broken the level 1.3000 successfully and continued to decrease. The correction is observing at the moment. Herewith the resistance line 1 remains its` affection. The Moving Averages show the deepening of the correction.
On the 1-hour chart:
The price decreased to the level 1.2926 after the break through the cross of the lines 2 and 3. The correction had started after that. The day began with the growth. As a result, the line 3 and the level 1.3000 had been confirmed as a resistance. Trend dynamics had continued to the moment. The Moving Averages show confident bearish tendency.
On the 15-minute chart:
The pair remains to decrease after the recoil from the level 1.3000. The line 1 had been formed as a result of the dynamics. The price will foothold below the level 1.2926 in case of the trend remaining. That will be the signal for sales. The first confirmation of the trend remaining will be the break through the support line 2. If the level could not be broken it will be the likelihood of the consolidation or continuation of the correction. In the case traders could focus on the line 3 that is high border of the downward channel.
The pair pierced the resistance 1, but failed with holding there. The followed sharply falling caused the piercing of the level 0.9764. The price is getting close to the support line 2. The moving averages are showing the flat.
On the 1-hour chart:
After piercing the support area 0.9764/55 and lowering to the line 1, the pair started the growth, during which it returned a half of today losses. The moving averages are preparing for to give a bearish signal, despite their flat movement.
On the 15-minute chart:
The pair was moving in the descending channel between the lines 1 and 2. After another recoil from the support 1, the resistance 2 was pierced. Now the pair is testing the resistance level 0.9755. Recommendation: continue to buy in case of piercing of the area 0.9755/64.
The pair touched the support level 1.0388 and started the growth. The price gained about 70 pips for the last 24 hours. Now the level 1.0468 is under testing. The moving averages are showing the flat.
On the 1-hour chart:
During the growth after rebound from the level 1.0388, the pair pierced the resistance level 1.0418 and moved forward. The testing of the level 1.0468 continues since the middle of Asian session. The moving averages gave a bullish signal.
On the 15-minute chart:
During the American and Asian sessions, the pair was growing, herewith forming the support line 1 and resistance line 2. The line 3 can also affect the pair dynamics. Recommendation: close the positions and wait for trend movement.
Since yesterday, the pair was fluctuating in flat testing the support level 78.16. The next support lies at 77.91. The moving averages are ready to provide a bearish signal, confirming the descending trend resumption.
On the 1-hour chart:
The pair pierced the resistance line 1 and continued the horizontal dynamics. The price is fluctuating between the levels 78.16 and 78.33 for the next day. The moving averages changed the tilt to flatter confirming the flat.
On the 15-minute chart:
In the second part of Asian session, the pair was demonstrating the bearish dynamics between the lines 1 and 2. The price marked the piercing of level 78.16 and now trying to hold a ground. Recommendation: close the positions and wait for trend dynamics.
After the recoil from the support 0.9733, the pair started the growth. The resistance level 0.9764 was pierced as well as the line 1. The fluctuating in flat moving averages have given the bullish signal. The previous local high lies at the mark 0.9801.
On the 1-hour chart:
Since the middle of Friday, the pair grew within the ascending channel between the lines 1 and 2. The pair recoiled from the resistance line 2 and started the correction, which caused the piercing of the support line 1. The moving averages gave a bullish signal.
On the 15-minute chart:
After leaving the ascending channel between the lines 1 and 2, the pair marked the flat tendency. The nearest support level lies at 0.9764, while the resistance could be found at 0.9810. Recommendation: close the positions and wait for the trend dynamics continuation.
After the Friday testing of the level 1.0505 failed, the pair started the sharply decline, which continued at the beginning of the current week. The level 1.0468 has been pierced. The level 1.0418 is under testing now. The moving averages are showing the flat.
On the 1-hour chart:
During the falling, the pair pierced the support line 1 and declined to the level 1.0418, along which it was fluctuating for the most part of Asian session. The moving averages have given another bearish signal, while their dynamics for the whole previous week shows the large flat.
On the 15-minute chart:
The pair, which was declining within the first half of Asian session, turned to flat in the last hours. The price is fluctuating in the 30-pip corridor around the level 1.0418. The piercing of the resistance line 1 has been marked. Recommendation: close the positions in case of piercing, which can cause the flat.
The pair started the week with the continuation of the Friday decline, herewith gained a foothold below the support level 78.16. The nearest support now lies at 77.91. The moving averages have given the bearish signal.
On the 1-hour chart:
The pair is moving within the descending channel between the resistance line 1 and the support line 2, which were formed on Friday. Now the line 1 is under testing. Its piercing could cause the flat. The moving averages have a moderate bearish bias.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics with predominantly bearish character. Herewith, the price, which narrowed the fluctuation diapason, was moving in general near the resistance line 1. Recommendation: continue to sell in case of recoil from the line 1.
The pair continued the growth, which started on Friday. Now the resistance level 0.9366 is under testing. The line 1 has been pierced again. The nearest support level lies at 0.9295. The moving averages are showing the flat character of dynamics.
On the 1-hour chart:
Since the middle of Friday, the pair was demonstrating predominantly bullish dynamics; herewith its volatility is high. The next resistance level after 0.9366 lies at 0.9384. The moving averages area showing the resumption of ascending trend.
On the 15-minute chart:
The pair is moving within the large ascending trend channel between the lines 1 and 2. The price started the recoil from the resistance line 2. Recommendation: close the long positions and wait for the beginning of correction.
The pair pierced the support line of ascending trend channel 1 and lowered to the support level 1.6175. After that, the price recoiled upwards to the level 1.6305, which caused the forming of the resistance line 2. Now the pair is moving towards the support level 1.6175. The moving averages are showing the slowdown of the bullish tendency.
On the 1-hour chart:
In the second part of Friday, the support line 1 was pierced and the price lowered to the level 1.6200. Then the pair grew above the level 1.6230, turned downwards and formed the resistance line 2. The moving averages are preparing to provide a bearish signal.
On the 15-minute chart:
After the forming of the resistance line 1, the price started the intensive falling. The descending tendency will continue in case of holding of the pair below the support level 1.6190. Otherwise, the line 1 will be pierced and falling will finish.
The pair continues to move in descending channel between the support line 1 and resistance line 2. In the second half of Friday, the price fell to the level 1.2940 and rebounded from it above the resistance line. Then the pair lowered to the support level. The moving averages are showing the turnover of the trend.
On the 1-hour chart:
After the volatility growth in the second half of Friday, the local high at 1.3035 was formed. After that, the price lowered below the lines 1 and 3, declined herewith to the level of the previous local low. Now the pair is growing after the rebound from the support level 1.2940. The moving averages are showing the bearish trend saving.
On the 15-minute chart:
Now the pair shows the consolidation near the previous local high. In case of piercing of the level, the trend will continue. Herewith the aim will be the support line 3 on the 4-hour chart. Otherwise the resistance line will be pierced, which will cause the large flat forming.
The pair was growing since the end of previous week, until met the resistance at the level of previous local low 0.9810. After the recoil from the level, the price showed a short decline and turned to flat. The moving averages have given the belated bullish signal.
On the 1-hour chart:
After rebound from the resistance level 0.9810, the pair fell to the support level 0.9781. The current week dynamics could be characterized as a large flat, which is confirmed by the moving averages.
On the 15-minute chart:
The pair rebounded from the level 0.9781, but reached the line 1, resumed the decline. The price continued the testing of 0.9781 at the moment. Recommendation: wait for outcome and open the positions aside the following dynamics.
The pair was lowering after the recoil from the resistance 1.0505, until met the support 1.0388. The price grew above the level 1.0418 after rebound. The moving averages are showing the flat character of the last week dynamics.
On the 1-hour chart:
The pair is growing within the ascending trend channel between the lines 1 and 2 since Monday. The price reached the support line 1, finished the correction period. The pair started to recoil from the support. The moving averages are showing the turnover of descending tendency.
On the 15-minute chart:
During the Asian session, the pair confirmed the level 1.0418 as a support then grew until the resistance line 1 and corrected to the support line 2 after another rebound. Recommendation: open the long positions.
The pair continues the decline started in the middle of the previous week. The level 77.91 has been pierced. The price got close to the support 77.73 and line 1. The moving averages gave a bearish signal on Friday and continue to show the intensive descending trend.
On the 1-hour chart:
The pair still declines within the ascending trend channel between the lines 1 and 2. The price reached the bottom border of the channel. The beginning of correction dynamics is possible. The moving averages save a clear bearish bias.
On the 15-minute chart:
During the American and Asian session, the pair was lowering in general near the bottom of descending channel between the support line 1 and resistance line 2. The price touched the support again. Recommendation: keep the short positions opened.
Growing tendency, which started after the rebound from the support level 0.9260, is remaining at the moment. Bullish dynamics restricts by the lines 1 and 2. The price increased above the resistance line 3 and confirmed the line as a support earlier. The Moving Averages show the approach of the final signal for bullish trend.
On the 1-hour chart:
The price rebounded from the resistance level 0.9381 and formed the resistance line of the channel 2 at the second part of Monday. After that it was a lowering to the level 0.9345 and the line 3 had been confirmed as a support. The growth continued after that, however previous local high level had not been broken. The Moving Averages show clear bullish trend.
On the 15-minute chart:
The price is moving in the direction of the previous local high level 0.9381. If the level could be broken bullish trend will continue. The next correction will be expected from the resistance line 2 in the case. If the level could not be broken the pair will continue the correction between the level 0.9345 and 0.9381.
The price places between the level 1.6175 and 1.6260 at the moment. The pair had not broken the support level earlier and it reversed upwards. Thus the upward channel between the lines 1 and 2 had been formed. The Moving Averages show the remaining of the bullish trend.
On the 1-hour chart:
The price reached the support level 1.6190 and rebounded upwards at the second part of Monday. The support line of the upward channel 1 had been formed after that. The pair broke the resistance line 2 confidently after the rebound. The support line of the upward dynamics 3 had been broken during the growth. The Moving Averages prepare to give bullish signal.
On the 15-minute chart:
The pair places between the levels 1.6252 and 1.6260. If it could be a rebound from the resistance level it will be form the channel of the present tendency between the line 1 and 2. Traders will continue bullish trading in the case after the end of the correction. The rebound from the support line 1 will be the signal for this. If the resistance level could be broken and the growth could continue, traders will start to open long positions with the target near the line 2 on the 4-hour chart.
The trend in the downward direction remains. The break through the level 1.2940 had been the nest confirmations for that. The level had been confirmed as a resistance after that. Moreover the channel between the lines 1 and 2 became clearer. The Moving Averages prepare to give final bearish signal.
On the 1-hour chart:
The price remains to move in the downward channel between the support line 1 and the resistance line 2. Previous local high level 1.2940 had been confirmed as a resistance at the beginning of the day. That was a good entering point for short position. The price places near the low border of the channel to the moment. According to this it will be expect the slowdown of the decrease. The Moving Averages confirm bearish trend.
On the 15-minute chart:
The pair tests the level 1.2900. If the level could be broken the dynamics in the downward direction will continue. However, it will be expect the slowdown of the decrease. If the price could remain to fluctuate above the level the correction will continue. If the case it will start the flat between the levels 1.2900 and 1.2940.
The upward trend had been formed finally. The fluctuations restrict by the channel between the lines 1 and 2. Previous local high level 0.9381 had been broken. The Moving Averages gave bullish signal.
On the 1-hour chart:
The price rebounded from the support line of the upward channel 1 on Tuesday. The support line of the growing tendency 3 had been formed at the beginning of Wednesday. The levels 0.9380 and 0.9369 had been broken during the growth. The Moving Averages show bullish trend.
On the 15-minte chart:
The price is approaching to the resistance line 1 in the upward channel between the lines 2 and 3. If the price could rebound from the resistance line 1 it will be expected the correction to the support line of the upward channel 4. The correction could begin earlier considering the proximity of the resistance line 3.
The downward channel between the lines 1 and 2 had been formed to the moment. The price rebounded from the resistance level 1.6245 and had broken the support line 3 and the level 1.6175. The Moving Averages signalize the reverse in the downward direction.
On the 1-hour chart:
The support line of the downward dynamics 1 had been formed at the end of Tuesday. The dynamics had started with the rebound from the level 1.6255. The resistance line 2 had been formed today. The price had broken the support at the level 1.6175 and reached the resistance line 2 to the moment. The Moving Averages show strong bearish trend.
On the 15-minute chart:
The price is foot holding below the level 1.6175 at the moment. The pair started the correction from the resistance level 1.6160.The resistance line of the channel 2 had been reached. If it could be a rebound from the resistance line and the support level 1.6160 could be broken traders will start confident sales. If the price could increase above the level 1.6175 it will be expected the further growth.
