The downward tendency is remaining now. The pair decreased in the channel between the lines 1 and 2. However it had been formed the steeper resistance line 3 to the moment. The Moving Averages gave bearish signal.
On the 1-hour chart:
The price reached the resistance level 1.2965 and decreased downwards at the second part of Tuesday. Herewith the resistance line 3 had been formed. The price decreased to the level 1.2940 to the end of the day. The support level had been broken at the beginning of Wednesday and the trend continued. The pair is testing the support level 1.2865 at the moment. The Moving Averages show confident bearish trend.
On the 15-minute chart:
The price is testing the support level 1.2865 at the moment. It expects the correction considering the proximity of the support line 1. The price could increase to the resistance area 1.2895/1.2900 in the case. The break through the level 1.2865 will be a signal for continuation of the bearish trend. According to this traders will start to open positions with the target on the line 4 on the 4-hour chart.
Recoiled from the support level 0.9764 the pair herewith confirmed the support line 1. The price marked the piercing of the key resistance 0.9810. The moving averages continue to show the intensive ascending trend.
On the 1-hour chart:
During the American session, the pair gained more than 40 pips and started to test the resistance 0.9810. The level had been pierced from the second attempt and now the price tries to hold the ground. The moving averages are showing the intensive ascending trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics with predominantly bullish bias. The level 0.9810 was confirmed as a support. Recommendation: resume trading when trend dynamics will continue.
Since the end of Tuesday, the pair lost about 100 pips pierced herewith the previous local low at 1.0388. Now the price is testing the support level 1.0348. The moving averages have given a bearish signal.
On the 1-hour chart:
The pair rebounded from the top border of ascending channel 1 and broke through the support line 2. The sharply falling started to slow down after piercing the level 1.0388. The moving averages turned from flat to intensive bearish tone.
On the 15-minute chart:
During the Asian session, the pair formed the tapering descending channel by the lines 1 and 2. Now the level 1.0348 is under testing. In case of piercing, the resumption of selling will be appropriate. Otherwise, traders should close the positions and wait for trend dynamics.
The pair was lowering until met the support at the level 77.73. On Tuesday, the price recoiled from the mentioned level and line 1, and then confirmed the level 77.91 as a resistance. The moving averages are showing the descending trend.
On the 1-hour chart:
The pair pierced the top border of descending channel between the lines 1 and 2. In the last hours, the rebound from the support level 77.73 was marked. The moving averages are changing the tilt to flatter suggesting the horizontal movement possibility.
On the 15-minute chart:
During the Asian session, the pair was demonstrating predominantly bearish dynamics. In case of piercing the level 77.73, the traders can continue to sell, while the recoil from the support will be a signal of turning to flat.
The short-term bullish trend between the lines 1 and 2 continued. The level of the previous local high 0.9380 had been broken earlier. That was a signal for the trend continuation. The price recoiled from the high border of the channel after that and the correction began. Traders should pay attention to the middle-term channel between the lines 3 and 4. The Moving Averages gave bullish signal.
On the 1-hour chart:
The price increased to the resistance line of the channel 2 at the second part of Wednesday. After that it had rebounded downwards with the break through support line 3. The pair decreased to the support level 0.9380 during the correction and trend dynamics continued after that. The Moving Averages show the remaining of the bullish trend.
On the 15-minute chart:
The pair is testing the resistance level 0.9396 now. The rebound from the support level had been a good entering point for the long position. The break through the resistance line 1 was the confirmation for previous signal. The line 2 could be determined as a primary target. The rebound expects after the line 2 will be reached. The trend between the lines 3 and 4 on the 4-hour chart will continue in the case of the break though the level 0.9380.
Bearish channel had formed clearer during the reverse dynamics. In particular, the low border of the channel moved from the line 1 to the line 2. The correction started after the line 2 had been formed. The price is placing near the high border of the channel 3 at the moment. The Moving Averages show the approach of the bearish trend signal.
On the 1-hour chart:
The pair had left the downward channel between the lines 1 and 2 at the second part of Wednesday with the break through the high border of the channel. After that the decrease continued along the support line 2. The downward dynamics had been interrupted by the cross of the support lines 2, 3 and 4 and the level 1.6140. The price corrected to the level 1.6200 after that. The trend dynamics is continuing at the moment. The Moving Averages show the remaining of the bearish trend.
On the 15-minute chart:
The support line 1 had been formed during the correction. The pair continued trend dynamics after the rebound from the resistance level 1.6200. After that it had been broken the support line of the correction and that was a signal for the trend continuation. The price is testing the support level 1.6175 now. If the level could be broken traders will reach the signal for short positions. The rebound from the level will give the time out for the reflection.
The correction had started during the downward trend. The pair reached the support line of the channel 1 had had rebounded upwards. The price moves in the direction of the cross of the resistance line 3 had the resistance area 1.5895/1.2900. The Moving Averages confirmed bearish trend.
On the 1-hour chart:
The price had formed the support line 4 after the rebound from the support line 1. The pair reached the resistance area 1.2895/1.2900 and recoiled downwards. That was a signal for the trend continuation. The price is placing near the support line of the correction at the moment. The Moving Averages show the remaining of the trend.
On the 15-minute chart:
The price consolidates between the resistance area and the support line of the correction 3. The further dynamics will develop in the direction of the breakthrough.
The pair was continuing the decline until met a support at the line 1. After the small correction, the falling resumed. The price is fluctuating around the level 77.73 and trying to gain a foothold below. The moving averages are showing the clear descending trend.
On the 1-hour chart:
In the second half of Wednesday, the pair was demonstrating the bearish dynamics, but at the Asian session, it turned to correction phase. The nearest support level lies at 77.40. The moving averages are showing the weakening of descending trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the bearish dynamics until met the support at 77.64. After that, the recoil from the resistance 77.73 followed. The price dynamics looks like a flat. Traders could resume the selling after the clear piercing of the support.
The pair continues to move within the weekly descending trend between the lines 1 and 2. After recoil from the support level 1.0348, the correction started. The price reached the resistance line 1. The moving averages confirming the deep correction.
On the 1-hour chart:
During the correction, the pair pierced the resistance line of descending trend 1, but after recoil, it tried to return to the channel between the lines 1 and 2. The moving averages are showing the significant slowdown of the trend.
On the 15-minute chart:
During the Asian session, the pair was growing. Now the price is trying to pierce the line 1 downwards. The nearest support level lies at 1.0388. Piercing of the support line and level can be a good enter point for the short position.
After the recoil from the support line 1, the pair was demonstrating the bullish dynamics. The key resistance level 0.9810 was pierced. After that, the price confirmed the resistance level 0.9852 and started the correction of ascending tendency. The moving averages are showing the moderate trend strength.
On the 1-hour chart:
During the correction, the pair declined by more than 30 pips, lost herewith almost all gained for Wednesday. The price is getting close to the level 0.9810 and the support line 1. The moving averages confirm the clear correction.
On the 15-minute chart:
The pair was lowering during the Asian session. After the short testing, the price pierced the level 0.9830, which was later confirmed as a resistance. The support line 1 was formed. In case of correction resumption, the recoil from the level 0.9810 and line 2 is likely.
The pair remains to move in the upward channel between the lines 1 and 2. Moreover the price arrived into the bearish channel between the lines 3 and 4. The price decreased to the low border of the upward channel during the correction. The Moving Averages show the remaining of the bullish tendency.
On the 1-hour chart:
The price becomes clamped between the support line of the bullish trend on the 4-hour chart 1 and the support line on the 1-hour chart 2. The correction channel had been formed between the lines 3 and 4. The price is testing the support line of the upward channel 1 now. The Moving Averages gave bearish signal.
On the 15-minute chart:
The price places between the support line of the bullish trend 1 and the resistance line of the correction 2. If the support line could be broken the middle-term trend between the lines 3 and 4 on the 4-hour chart will continue. If the resistance line 2 could be broken bullish trend will remain. The break though of the level 0.9365 will be a signal for purchases in the case.
The channel of the downward tendency had been formed finally today. The high border of the channel had been formed as a result of the rebound from the resistance level 1.6260. Moreover the low border had been replaced insignificantly. The correction had finished and the trend dynamics is continuing at the moment. The Moving Averages show flat character of the dynamics.
On the 1-hour chart:
The pair had reached the resistance level 1.6260 and trend dynamics had continued after that. The price moves in the direction of the low border of the correction channel and to the support level 1.6230. The Moving Averages show the reverse downwards.
On the 15-minte chart:
The pair approaches to the low border of the correction channel 2 and to the support level 1.6230. If the line and the level could be broken, traders will reach two signals for sales. If the price could rebound upwards it will start the consolidation between the lines 1 and 2.
The downward trend between the lines 1 and 2 remains. It is observing the corrections at the moment. The price increased to the resistance level 1.2965 during the recoil. Moreover, the support line of the correction 3 had been formed. The Moving Averages show the remaining of the trend.
On the 1-hour chart:
The correction during the bearish trend remains. The line 3 had been broken in the middle of Thursday. However the price had increased above the line at the end of the day. The pair had broken the resistance line 4 and increased above the support line of the correction 3. The price is consolidations between the support line 3 and the resistance level 1.2940 now. The Moving Averages gave bullish signal.
On the 15-minute chart:
The price is testing the resistance level 1.2940 at the moment. Herewith the upward channel of the correction between the lines 1 and 2 had been formed. If the level could be broken the correction will continue. The rebound from the resistance line of the trend channel 2 and the break through the support line of the correction will be signal for sales in the case. If the support line of the correction could be broken earlier, the trend will continue as well. In the case trades will start to open short positions.
The pair recoiled from the intersection of the resistance line 1 with the level 0.9852. The support line 2 and level 0.9810 were pierced by the falling price. The nearest key support level lies at 0.9764. The moving averages are showing the turnover of ascending trend.
On the 1-hour chart:
After the confirmation of the level 0.9810 as a resistance, the pair continued the falling and got close to the support 0.9781. The moving averages have given the bearish signal suggesting the turnover of the ascending tendency.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics with the predominantly bearish tone. The pair is getting close to the support level 0.9781. The accelerating of falling and piercing of the support level will be the signals to resume the sales.
The pair continued the falling confirmed herewith the resistance line 1. The support level 77.73 was finally pierced after the long testing. The pair is lowering between the lines 1 and 2. The moving averages are showing the descending trend continuation.
On the 1-hour chart:
During the current week, the resistance line 1 was formed. After the recoil from the line in the beginning of the day, the pair accelerated the falling. Now the support line 2 is under testing. The moving averages are showing the speed-up of descending trend.
On the 15-minute chart:
During the Asian session, the pair was lowering within the downward channel between the lines 1 and 2. The nearest support level lies at 77.40. The price recoiled from the resistance line 1, finished the correction period. In case of the falling continuation, the traders will resume the selling.
The upward tendency is still remaining. The price reached the resistance level 0.9430 during the growth. After that it had started the recoil. The pair places in the downward channel between the lines 3 and 4 as well. The Moving Averages show the upward tendency.
On the 1-hour chart:
The pair rebounded from the resistance line of the downward channel 4 and had not overcome the resistance level 0.9430. The correction began after that and the pair decreased to the line 5 and to the level 0.9395. The Moving Averages show the remaining of the bullish trend.
On the 15-minte chart:
The pair decreased below the line 1 and the level 0.9395. If the price could foothold below the level and the line the correction will continue. The consolidation between the short-term and middle-term trend lines will start in the case.
The bearish trend between the lines 1 and 2 is remaining. The price reached the trend line and rebounded downwards at the second part of Friday. Intensive decrease started after that. Trend dynamics had been interrupted by the next correction. The recoil started from the cross of the support line of the channel 1 and the support level 1.6120. The Moving Averages prepares to give the signal for the bearish trend.
On the 1-hour chart:
The pair started the day with the rebound from the resistance level 1.6154. The price decreased to the support line 3 and recoiled upwards from the support level 1.6120. The correction is remaining at the moment. The Moving Averages show the bearish trend.
On the 15-minute chart:
The price is correction at the moment. It had been formed the support line 1 during the increase. If the tendency could remain the pair will continue to increase from the resistance line 2 on the 1-hour chart. The rebound from the line 2 will be the signal for the remaining of the trend remaining. There is likelihood for the trend continuation from the level 1.6175.
The downward trend between the lines 1 and 2 remains. The correction started from the support level 1.2815. The Moving Averages confirmed bearish tendency.
On the 1-hour chart:
The pair rebounded from the resistance line of the trend channel and had broken the support line of the correction 3 at the second part of Friday. After that it had started intensive decrease. The next correction began from the support level 1.2815. The price is increasing at the moment. The Moving Averages confirm the recoil.
On the 15-minute chart:
The correction during the bearish trend is remaining at the moment. The support line 3 had been formed during the increase. The correction could remain till the trend line 2. The sales will start in the case of the rebound from the trend line. If the trend line could be broken and the growth will continue traders will expect the confirmation of the bullish tendency. The price could rebound from the resistance level 1.2865 as well. The trend will continue in the case.
The pair, which was growing along the support line 1 during the last two weeks, failed with piercing of the resistance level 0.9852 backed by the line 2. The nearest support level lies at 0.9810. The moving averages are showing the ascending trend by inertia.
On the 1-hour chart:
During the first part of the Asian session, the pair was demonstrating the bullish dynamics, but after the recoil from the resistance line, the sharply falling followed. The moving averages started to change tilt to bearish, but the dynamics of the last few trading days suggests the large flat.
On the 15-minute chart:
During the second half of the Asian session, the pair was declining rapidly. The level 0.9830 has been pierced. The nearest support lies at 0.9810. Now the pair is in the correction phase of the descending tendency. The turn to flat is likely.
The pair continues to move within the descending channel, formed by the resistance line 1 and support line 2. During the falling, the price pierced the levels 1.0418 and 1.0388, lost in total more than 130 pips. The two-week low at 1.0324 was recorded.
On the 1-hour chart:
The pair was lowering within the descending channel between the lines 1 and 2, but after another recoil from the support line 2, it pierced the resistance and grew above the level 1.0348. The moving averages are changing the tilt to flatter.
On the 15-minute chart:
In the middle of the Asian session, the pair changed the falling by growth. There were formed the support line 1 and resistance line 2. The nearest resistance lines at the level 1.0388. Traders will probably keep the long positions opened.
