The testing of the 1.0388 failed. The pair corrected to the bottom border of the ascending trend channel between the lines 1 and 2. The price started to test the support line 1. The moving averages are confirming the deep correction.
On the 1-hour chart:
The pair recoiled from the resistance line 1 backed by the level 1.0388. The followed horizontal dynamics caused the piercing of the support line 2. The price is getting close to the level 1.0348, which requires the confirmation as a support. The moving averages are showing the flat.
On the 15-minute chart:
During the Asian session, the pair formed the resistance line 1, which is under testing now. The price is trying to hold below the level 1.0365. In case of success, traders will probably resume to sell.
The pair continues to move within the ascending trend channel between the lines 1 and 2, consolidating herewith near the resistance line. The levels 79.19 and 79.30 have been pierced. The moving averages are showing the confident ascending trend.
On the 1-hour chart:
During the testing of the resistance area 79.19/30, the pair recorded the two-month high at 79.45. Now the price is taking an attempt to gain a foothold above the 79.30. The tapering of the ascending trend channel is probably. The moving averages are showing the stabile bullish tendency.
On the 15-minute chart:
During the Asian session, the pair was consolidating near the area 79.30/34. In case of holding of the pair above the mentioned area, traders will continue to buy. Otherwise, the long flat is possible.
The pair remains the dynamics in the downward channel between the lines 1 and 2. The recoil started after the drop to the support level 0.9220 and the price increased to the level 0.9255. The Moving Averages show bearish trend.
On the 1-hour chart:
The channel between the lines 3 and 4 had been formed after the rebound from the level 0.9220. The pair moved into the side way channel between the levels 0.9242 and 0.9258 to the end of Thursday. The Moving Averages gave bullish signal.
On the 15-minte chart:
The pair will continue the correction in the case of the break through the level 0.9258. If the levels 0.9242 and 0.9220 could be broken as well as the line 1, bearish trend will continue. The break through the level 09220 will be a signal for sales.
The pair broke the support area 1.6120/30 after the return into the downward channel. After that it was a drop to the level 1.6045 and the correction started. The Moving Averages prepare to give the signal for the remaining of the trend.
On the 1-hour chart:
The pair broke the support level 1.6120 and dropped to the level 1.6045 at the second part of Thursday. The support line 1 had been broken as well, that was a signal for continuation of the bearish trend. The Moving Averages show downward trend.
On the 15-minute chart:
The pair corrects in flat between the level 1.6040 and 1.6060. The pair recoiled from the resistance line 2. The price prepares to continue the testing of the support level. If the level could be broken the trend will continue. If the resistance line and the level 1.6060 could be broken, the pair will recoil to the resistance line of the trend channel 3 on the 1-hour chart.
The pair continued to fluctuate in the channel between the lines 3 and 4. The correction continues after the rebound from the level 1.3130. The pair is testing the support level 1.3060 at the moment. Moreover it had been formed the resistance line of the correction 5. The Moving Averages show strong slowdown of the growth.
On the 1-hour chart:
The pair broke the support level 1.3090 and dropped to the level 1.3060 at the second part of Thursday. After that the price continued the dynamics in the channel between the support level and the resistance level 1.3075. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The pair moves in flat between the levels 1.3060 and 1.3075. The pair will increase to the resistance line of the correction 3 in the case of the break through the resistance level. If the line 3 and the level 1.3090 could be broken, upward trend will continue. If the support level of flat channel could be broken the pair sill continue to decrease. The break through the line 1 will be a signal for sales.
The pair finished the flat between the levels 0.9775 and 0.9872 by piercing the resistance. The price recorded two-month high at 0.9947. The resistance area 0.9941/53 is under testing now. The moving averages are showing the intensive ascending trend.
On the 1-hour chart:
The pair is in the deep correction phase of the intensive ascending trend, which started on Thursday. The current week started with the upward gap about 10-pip. The moving averages are showing the strong bullish tendency.
On the 15-minute chart:
During the first part of the Asian session, the pair lowered until the support level 0.9924, but in the last hours, it resumed the growth. The level 0.9941 is under testing now. Piercing of the resistance area 0.9941/53 will be a strong bullish signal. Recoil from the level can cause the flat.
The level 79.30 was confirmed as a support at the end of the previous week. The Monday growth helped the pair to leave the ascending trend channel between the lines 1 and 2 by piercing of resistance. The moving averages are still showing the intensive bullish trend.
On the 1-hour chart:
The triangle, which was formed at the end of the last week, has been pierced upwards at the beginning of Monday. During the followed growth, the pair recorded the 14-week high at 79.66 and now continues to grow. The level 79.59 is waiting for the confirmation as a support. The moving averages showed the end of the technical correction.
On the 15-minute chart:
The pair was growing intensively during the Asian session, but slowed down when reached the resistance level 79.59. The level is under the testing now. In case of holding the pair above the resistance, the traders will continue to buy. Otherwise, the technical correction is possible.
The pair remains to move in the channel between the lines 1 and 2. The resistance line 4 had been broken during the growth after the rebound from the level 0.9220. The line 5 had been formed during the growth. The Moving Averages show slowdown of the decrease.
On the 1-hour chart:
The pair had left the channel between the lines 1 and 2 by the break through the resistance line. The line 4 had been broken as well. After that the price rebounded from the support level 0.9258 and the support line 5 had been formed. The Moving Averages show upward tendency.
On the 15-minute chart:
The price rebounded from the support level 0.9258 and increased to the resistance level 0.9285. If the level could be broken, the growth will remain. If the level 0.9258 and the lines 3 and 4 could be broken the decrease will continue.
The pair continues the decline, which started at the middle of the previous week. The price is trying to gain a foothold below the level 1.0321. The nearest support lies at the line 1. The moving averages are showing the turnover of the ascending trend.
On the 1-hour chart:
The price dynamics lasts within the descending trend channel between the lines 1 and 2. The pair pierced the support level 1.0321 and later confirmed is at a resistance. Support could be found at the line 3. The moving averages have given the bearish signal.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics between the resistance line 1 and the support line 2. In case of piercing the line 3, spectaculars will continue to sell. Otherwise, the flat is possible.
The pair lowered to the support level 1.6005 after the rebound from the level 1.6155. The line 3 had been broken during the decrease. However, the price is still inside the channel between the lines 1 and 2. The Moving Averages show downward tendency.
On the 1-hour chart:
The price left the channel between the lines 1 and 2 after the rebound from the level 1.6005. The line 3 had been formed during the growth. The pair approaches to the resistance level 1.6040. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
The pair is clamped between the line 3 and the resistance level 1.6040. If the level could be broken, the growth will remain. If the line 3 and the level 1.5995 could be broken, the decrease will continue.
The price moves in the upward channel between the lines 1 and 2. The pair dropped to the support level 1.3020 after the rebound from the resistance at the level 1.3130. The growth is continuing at the moment. The Moving Averages show upward dynamics.
On the 1-hour chart:
The pair lowered to the support level 1.3020 at the end of the previous week. This week started with the recoil to the resistance level 1.3060 and to the resistance line 3. The dynamics restricts by the lines 3 and 4. As well the line 1 had been broken. The Moving Averages show slowdown of the downward tendency.
On the 15-minute chart:
The price rebounded from the line 2. If the lines 2 and 3 and the level 1.3060 could be broken the growth will continue. It the support level 1.3020 could be broken the decrease will remain.
The growth, which the last week finished with, was restricted by the resistance area 0.9941/53. The testing of the area lasts since Monday. The line 1 was confirmed as a support. The moving averages are continuing to show the bullish trend.
On the 1-hour chart:
The pair continued the flat between the support level 0.9920 and the area 0.9941/53, which started on Monday. Now the price is testing the resistance area. The moving averages changed the direction to horizontal suggesting the correction of ascending trend.
On the 15-minute chart:
During the first half of the Asian session, the pair was demonstrating the flat dynamics near the level 0.9920. Close to the end of the session the price started the sharply growth. The piercing of the resistance area 0.9941/53 will be a first signal of the flat ending.
The pair overcame the high border of a bearish channel between the lines 1 and 2. Moreover, it had been broken the resistance line of the channel between the lines 3 and 4. The support line 5 had been formed as well. The Moving Averages show side way direction of the dynamics.
On the 1-hour chart:
The channel between the lines 3 and 4 is remaining. The pair rebounded from the support level 0.9258 and continued to increase. The resistance at the level 0.9285 had been reached today. The Moving Averages show a bullish trend.
On the 15-minute chart:
The pair is placing above the level 0.9285 at the moment. Traders will start the purchases in the case of the break through the level. If the pair could recoil downwards, it will be expect the consolidation between the line 1 and the level 0.9285.
The dynamics in the bearish channel between the lines 1 and 2 will continue. The pair dropped to the support level 1.6005 after the rebound from the level 1.6155. It had been formed the resistance lines 3 and 4 after the recoil. The Moving Averages show bearish tendency.
On the 1-hour chart:
The line 3 had been broken in the middle of Monday and the price decreased to the level 1.6005. The pair arrived back to the level after small recoil. The testing of the support level started for the third time. The Moving Averages show the remaining of a bearish trend.
On the 15-minute chart:
It expects the foothold of the price below the level 1.6005. In the case a bearish dynamics will continue. The break through the level 1.6000 will be a signal for sales. If the price will rebound one more time traders will receive the signal for consolidation near the support level.
The pair was consolidating near the resistance level 1.0321 until met the resistance line 1, which was formed in the second half of the previous week. The moving averages are changing the tilt to horizontal, confirming herewith the turnover of the ascending trend.
On the 1-hour chart:
The pair is demonstrating the horizontal dynamics within the expanding channel between the support line 1 and the resistance line 2. In addition, the resistance line 3 affects the price dynamics. The moving averages are confirming the flat.
On the 15-minute chart:
During the Asian session, the pair confirmed as a resistance the line 2 as well as the level 1.0321. In the last hours the bullish dynamics continued. The piercing of the level 1.0300 and support line 1 will be a first signal of the flat ending.
The pair remains to move in the upward channel between the lines 1 and 2. The pair left a bearish channel between the lines 3 and 4 with the break through the resistance line. The pair approaches to the support at the level 1.3020. The Moving Averages show flat dynamics.
On the 1-hour chart:
The pair broke the resistance line of the bearish channel 4 in the middle of Wednesday. After that the price increased to the resistance level 1.3075 and recoiled downwards from the cross with the line 1. The decrease finished near the line 4 that had been confirmed as a support. The level 1.3075 had been tested for the second time and the pair dropped to the level 1.3020 in the cross with the line 4 on Tuesday. The Moving Averages show flat.
On the 15-minute chart:
The pair dropped to the line 1 after the rebound from the resistance level 1.3060. If the line 1 and the level 1.3020 could be broken, a bearish dynamics will continue. However it not forecasts active opening of short positions according to the restrictions from the line 1 on the 4-hour chart. If the price could confirm the level 1.3020 as a support, aggressive traders will start the purchases with the target near the level 1.3130.
The growing after the recoil from the support line 1 pair failed with holding above the resistance area 0.9941/53. The followed falling was restricted by the line 1. The moving averages started the turnover, showing the possible ending of the trend.
On the 1-hour chart:
The pair was consolidating near the support line 1 and the level 0.9920. The last day dynamics could be characterized as flat, which is confirmed by the horizontal direction of the moving averages. The nearest support level lies at 0.9872.
On the 15-minute chart:
During the Asian session, the pair consolidated between the level 0.9920 and the support line 1, which were mentioned earlier. In case of piercing the support, the pair will face the level 0.9898. If the resistance will be pierced, the pair meets the resistance area 0.9941/53.
The pair failed with holding below the level 1.0271, gained about 50 pips and almost reached the resistance level 1.0321. The resistance line 1 has been pierced and the price formed the support line 2. The moving averages are showing the consolidation.
On the 1-hour chart:
After the recoil from the support line 1, the pair demonstrated the intensive growth, pierced the levels 1.0271, 1.0287 and 1.0300. The later was confirmed as a support and the pair turned to flat. The moving averages are confirming flat.
On the 15-minute chart:
In the second half of the Asian session, the pair was fluctuating between the support 1.0300 and the resistance 1.0314. The piercing of resistance will open the way to 1.0321, while the next support lies at 1.0287.
The pair confirmed the level 79.75 as a support and finally turned to flat within the correction of ascending trend. In case of confirmation of the support line 1, the pair will approve the ascending trend channel between the lines 1 and 2. The moving averages are showing the bullish trend.
On the 1-hour chart:
The pair is consolidating between the support line 1 and resistance line 2. The volatility of pair is declining gradually since the beginning of the correction dynamics. The moving averages changed the direction to horizontal, confirming the stabile flat.
On the 15-minute chart:
In the Asian session, the pair turned to flat between the support area 79.79/5 and resistance level 79.85. Now, the price is testing the top border of the mentioned corridor. In case of piercing, traders will start to buy. Otherwise, the continuation of flat is possible.
The pair left the bearish channel between the lines 1 and 2. Bullish channel between the lines 3 and 4 had been formed during the growth. The Moving Averages show the reverse upwards.
On the 1-hour chart:
The pair rebounded from the level 0.9340 at the second part of Tuesday. It had been recoil to the support level 0.9315at the first part of Wednesday. After that bullish dynamics continued and the price increased above the resistance level. The testing of the resistance line is starting now. The Moving Averages show bullish trend.
On the 15-minute chart:
The testing of the resistance line 2 and the line 0.9360 could start at the moment. If the line could be broken, bullish dynamics will accelerate. Otherwise, the pair will recoil downwards to the support line 1.
