The upward tendency in the channel between the lines 1 and 2 is remaining now. The price arrived to the channel and continued to increase to the moment. Moreover, it observes the consolidation between the lines 1 and 3. The Moving Averages show flat character of the dynamics.
On the 1-hour chart:
The price reached the resistance area 1.2990/1.3000 at the second part of Friday and rebounded downwards. The pair reversed upwards and continued to increase with the recoil from the support level 1.2900. The price places between the levels 1.2945 and 1.2965. The Moving Averages show the remaining of the upward tendency.
On the 15-minute chart:
The price is placing between the level 1.2945 and 1.2965 at the moment. If the resistance level could be broken the growth will remain. The next resistance places at the level 1.2990. If the support could be broken the price will decrease to the lines 1 and 2.
The pair continues to fluctuate in flat between the support level 0.9775 and the resistance line 1. The price is testing the level 0.9808 ones again. The moving averages are still showing the flat character of the dynamics.
On the 1-hour chart:
Yesterday falling finished by the recoil from the support area 0.9775/1, which helped the pair to gain more than 40 pips. The resistance line 1 restricted the growth. The moving averages are changing the bullish tilt to flatter confirming the correction of the ascending tendency.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics. In the last hours, the price was consolidating at the level 0.9808. The piercing of the resistance line will be a signal of the flat ending. In this case, traders will start to buy. The nearest support lies at 0.9787.
After the recoil from the support line 1 at the beginning of the week, the pair started the intensive growth. The price is testing the top border of the flat corridor between the levels 1.0204 and 1.0271. The moving averages are still showing the flat.
On the 1-hour chart:
The growing price formed the ascending trend channel by the support line 1 and the resistance line 2. The pair started the intensive testing of the large resistance area 1.0271/87. The moving averages have given the strong bullish signal.
On the 15-minute chart:
During the Asian session, the pair saved the bullish bias. The testing of the area 1.0278/87 is continuing. The price herewith got close to the resistance line 1, which increases the chance to turn to the correction phase. In case of foothold of the pair above the level 1.0287, traders will continue to buy.
The pair continues the growth started on Monday. The ascending trend line 1 has been formed. The price broke the previous local high 78.86 and now is getting close to the resistance level 78.99. The moving averages are showing the intensive bullish trend.
On the 1-hour chart:
The support line 1 restricted the decline, which American session finished with. The followed recoil helped the pair to gain more than 20 pips. It is too early to talk about forming of resistance line. The moving averages are showing the ascending tendency resumption.
On the 15-minute chart:
During the Asian session, the pair was growing within the ascending trend channel between the lines 1 and 2. The mixed dynamics of the last hours suggests the correction of the bullish tendency. In case of recoil from the support line 1, traders will resume to buy with the aim at the level 78.99.
The pair is remaining to decrease in the channel between the lines 1 and 2. The lines 3 and 4 had been broken during the dynamics and the price dropped to the support level 0.9295. The price is testing the level 0.9295 now. The Moving Averages gave a bearish signal.
On the 1-hour chart:
The pair rebounded downwards from the level 0.9340 at the second part of Monday and dropped to the line 3. After that it started the testing of the line. The lines 3 and 4 had been broken later and the pair decreased to the support level 0.9295. The testing of the level is remaining now. The Moving Averages show the continuation of the bearish trend.
On the 15-minute chart:
The pair tests the support at the level 0.9295. It will be opened the way to the level 0.9280 and 0.9260 in the case of the break through the level 0.9295. The break through the levels will be a signal for sales. If the level 0.9295 could not be broken it will start the consolidation between the line 2 and present support level.
The pair remains to correct in the trend channel between the lines 1 and 2. The price increases along the support line of the correction 3. The pair increased above the previous local high level 1.6093 to the moment. The Moving Averages show the slowdown of the bearish trend.
On the 1-hour chart:
The price rebounded from the line 2 and confirmed it as a support at the beginning of the day. After that the growth continued. As a result, the pair increased above the resistance area 1.6093/1.6100. The Moving Averages remain the bullish tone.
On the 15-minte chart:
It is expecting the foothold of the price above the level 1.6100 at the moment. If the pair could confirm the break through the level, traders will expect the further growth to the resistance line 3 on the 1-hour chart. After that it predicts the rebound downwards with the continuation of the trend dynamics. If the pair could drop below the area 1.6093/16100, the consolidation will continue.
The bullish dynamics in the channel between the lines 1 and 2 is remaining now. The pair increases along the support line 3 and approaches to the resistance line 4. The Moving Averages show flat character of the dynamics.
On the 1-hour chart:
The pair is remaining to increase confident now. The levels 1.2965 and 1.2990 had been broken today. It expects the foothold of the price above the resistance area 1.2990/1.3000. The Moving Averages show the remaining of the bullish trend.
On the 15-minute chart:
The pair is testing a resistance level 1.3000 at the moment. If the level could be broken, the price will increase to the resistance line 3 on the 1-hour chart. The break through the line will be a strong signal for the remaining of the growth. The break through the lines 1, 2 and 3 and through the level 1.2900 will be the signals for the reverse downwards.
The pair pierced the level 1.0271 after the short testing and continued the growth. The ascending dynamics was restricted by the resistance line 1. In addition: the line 2 and level 1.0321 are lying on the way of the price. The moving averages have given the bullish signal.
On the 1-hour chart:
The pair slowed the growth down near the resistance line of the short-term ascending trend 1. The closest support level lies at 1.0287, while the resistance could be found at 1.0321. The moving averages are showing the intensive bullish trend.
On the 15-minute chart:
In the second half of the Asian session, the bullish trend slowed down significantly, suggesting the probably impendence of the technical correction. The piercing of the level 1.0321 and the line 2 on the 4-hour chart will be a signal of the growth resumption.
After the recoil from the resistance line 1, the pair pierced the support line 2. The followed decline took away about 25 pips, which approximately is a half of weekly gain of the pair. The moving averages are confirming the deep correction of ascending trend.
On the 1-hour chart:
The beginning of the correction was accompanied by forming of the new resistance level 78.91. The line 1 restricted the lowering. The moving averages have changed the tilt to bearish.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the bearish dynamics. The level 78.76 was pierced after the short testing. The price failed with lowering below the previous local low at 78.61. Spectaculars will continue the bullish trading after piercing of the level 78.76 upwards.
After the piercing of the resistance line 1, the pair continued the confident growth. The price grew above the resistance level 0.9852 and now tries to hold the ground. The pair recorded the weekly high at 0.9877. The moving averages have given the clear bullish signal.
On the 1-hour chart:
The growth pair found the resistance at the level 0.9872, recoil from which caused the correction of ascending trend. The pair is testing the level 0.9852. Herewith the downward dynamics can be restricted by the support line 1. The moving averages started to change the tilt to flatter.
On the 15-minute chart:
During the Asian session, the pair was moving in flat between the resistance level 0.9852 and support level 0.9852. Now the bottom of the corridor is under testing. The piercing of the diapason borders will be a signal of the flat end.
The pair remains to decrease in the channel between the lines 1 and 2. The key levels 0.9305 and 0.9280 had been broken during the decrease. The Moving Averages show the remaining of a bearish tone.
On the 1-hour chart:
The pair corrected from the level 0.9285 to the resistance level 0.9283. The bearish dynamics continued and the price had broken the support level 0.9258. The pair dropped to a low border of the channel 1. After that it had started the correction between the levels 0.9229 and 0.9244. The Moving Averages show a bearish trend.
On the 15-minute chart:
The pair corrects in the channel between the level 0.9229 and 0.9244. If the high border could be broken, the pair will start the recoil in the direction of the resistance line 1, 2 and 3. If the pair could break the support, trend dynamics will continue along the line 4. The break through the line 4 will be a signal for the acceleration of the trend.
The pair remains to move in the downward channel between the lines 1 and 2. The price reached the resistance line of the channel during the correction. The Moving Averages gave a bullish signal.
On the 1-hour chart:
The pair reached a daily high level 1.6120 and recoiled to the support line1. After that the growth continued and the pair reached the resistance line of the trend channel 3 to the moment. The Moving Averages show a bullish trend.
On the 15-minte chart:
The pair clamped between the trend line 3 and the support line of the correction 2. If the high border could be broken, it will be a slowdown of the trend. According to the main forecast it expects the rebound from the trend line and continuation of the trend. The first confirmation will be a break through the support line 2; the second signal will be the foothold of the pair below the level 1.6120. The final signals will be the break through the line 1 and the level 1.5985. However, traders could start to open the positions before the final signals since the channel is large enough.
Bullish dynamics between the lines 1 and 2 is remaining at the moment. Previous local high level 1.3050 and the level 1.3070 had been broken during the growth. The Moving Averages show an upward dynamics.
On the 1-hour chart:
The pair increased to the resistance 1.3060 after the break through the level and corrected to the level 1.3020. After that the price had broken the resistance area 1.3060/70 with the confirmation of the level 1.3020 as a support. The price reached the resistance line of the channel 2 and recoiled to the support line 3 today. The pair rebounded from the cross of the level 1.3090 with the support line of the channel and the growth continued. The Moving Averages show strong bullish trend.
On the 15-minute chart:
The pair increases between the lines 1 and 2. The resistance level 1.3120 had been reached to the moment. If the level could be broken, the trend will remain and traders will continue the purchases. It will be expected the drop to the line 1 in the case of the rebound downwards. The level will be determined as a border of the consolidation.
The pair is remaining to move in the channel between the lines 1 and 2. The fluctuations place in the channel between the lines 3 and 4 as well. The price corrects at the moment. The Moving Averages show the bearish trend.
On the 1-hour chart:
The pair broke the level 0.9229 and reached the support 0.9220 during the decrease. After that it was recoil to the level 0.9244. The support line 3 had been formed as well. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The price clamped between the support line of the correction 1 and the level 0.9244. If the level could be broken the pair will continue to correct. Traders will expect the recoil to the resistance line 2 on the 1-hour chart. If the support line of the correction and the level 0.9220 could be broken, the trend will continue.
The pair moved out of the trend channel between the lines 1 and 2 by the overcome of the high border during the correction. After that it had been a rebound from the level 1.6155 and the pair arrived back into the channel. According to the character of the dynamics, the channel could enlarge.
On the 1-hour chart:
The pair reached the resistance level 1.6175 and rebounded downwards at the second part of Wednesday. The price arrived into the channel between the lines 1 and 2 on the 4-hour chart. The resistance line 4 had been formed as well. The Moving Averages reverses downwards.
On the 15-minute chart:
The pair is testing the support level 1.6120 at the moment. If the level could be broken, the decrease will continue and aggressive traders will start to open short positions. If the pair could break through the lines 1 and 2 and the level 1.6175, bullish dynamics will continue. The purchases will start from the level 1.6175 in the case
The pair is remaining to move in the trend channel between the lines 1 and 2. It started the correction between the lines 3 and 4 from the level 1.3130 during the upward tendency between the lines 3 and 4. The Moving Averages show bullish trend.
On the 1-hour chart:
The pair reached the resistance level 1.3130 and rebounded downwards on the second part of Wednesday. The resistance line of the correction 3 had been formed during the decrease. The price recoiled to the resistance line and continued to decrease after the collapse with the support level 1.3090. The testing of the support level is continuing at the moment. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The pair had broken the support line 1, which was the first reverse signal. If had been formed the resistance line of the correction 3 during the decrease. The price decreased to the level 1.3090 and recoiled to the line 3. After that the testing continued. The pair approaches to the support line 4. If the line 3 and the level 1.3130 could be broken, traders will start purchases. If the line 4 and the level 1.3090 could be broken, aggressive traders will start sales.
The pair failed with the foothold above the level 0.9852 and lowered until the key support level 0.9775, continuing herewith the large flat tendency. The total losses for the last day were about 90 pips. The moving averages are confirming the flat.
On the 1-hour chart:
The flat between the resistance level 0.9872 and the support level 0.9852 finished with piercing of later. The followed falling caused the piercing of the level 0.9808. The price met the support at the area 0.9775/1. The moving averages provided the clear bearish signal.
On the 15-minute chart:
During the Asian session, the pair was demonstrating predominantly flat dynamics between the resistance level 0.9787 and support area 0.9775/1. The piercing of the corridor borders will be a signal to continue trading in respective direction.
During the growth, which started on Monday, the pair pierced the levels 1.0321 and 1.0348 as well as the lines 1 and 2. The price met the resistance at the level 1.0388 near the line 3. The moving averages continue to show the intensive ascending trend.
On the 1-hour chart:
The pair left the narrow ascending channel between the lines 1 and 2 and returned to the larger channel between the lines 3 and 4. The price started to test the resistance level 1.0388. The moving averages have begun to change the tilt to flatter suggesting the correction.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the levels 1.0388 and 1.0365 within the technical correction of upward trend. Spectaculars will continue to buy after the foothold of the price above the resistance level.
The pair recoiled from the support line of ascending trend 1 backed by the line 2 and demonstrated 50-pip growth. The price found the resistance in the intersection of the level 79.19 with the line 3. The moving averages are showing the intensive bullish trend.
On the 1-hour chart:
The pair continues the movement within the ascending trend channel between the support line 1 and resistance line 2. After the recoil from the line 2 and level 79.19, the price turned to the phase of technical correction. The moving averages are still showing the bullish trend.
On the 15-minute chart:
The piercing of the support line 1 was the beginning of the correction period of ascending trend. The price was demonstrating predominantly flat dynamics in the second half of the Asian session. Spectaculars will continue the bullish trading after the trend resumption.
The pair recoiled from the key support level 0.9775 and got back to the resistance level 0.9852. The testing of the resistance lasts for a few hours. The price returned all the pips gained for the week. The moving averages turned upwards.
On the 1-hour chart:
The pair continued the large flat between the support area 0.9775/1 and the resistance level 0.9872. The price pierced the level 0.9852 and rushed towards the next resistance. The moving averages have given another strong bullish signal.
On the 15-minute chart:
During the Asian session, the pair was consolidating near the level 0.9852. The followed growth caused the resumption of bullish trading. The nearest resistance lies at 0.9872. In case of another turn down, spectaculars will start to sell.
