The pair finished the previous week by sharply falling. Losing about 70 pips the price pierced the levels 80.10 and 79.75 and confirmed the level 79.59 as a support. The moving averages are changing the direction to horizontal.
On the 1-hour chart:
On Friday, the pair formed the descending trend channel by the lines 1 and 2, which was pierced at the beginning of the current week. The price is operating between the levels 79.75 and 79.59. The pair pierced the support line of ascending trend 3. The moving averages provided a bullish signal.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the levels 79.75 and 79.59. The piercing of resistance will open a way to the level 79.85. Next support lies at 79.34.
The dynamics in the channel between the lines 1 and 2 is remaining. The resistance level 0.9370 had been reached during the increase and recoiled downwards. The pair places near the cross of the level 0.9340 and the line 1 at the moment. The Moving Averages show the remaining of the bullish trend.
On the 1-hour chart:
The pair moved out of the channel between the lines 1 and 2 with the decrease below the support line. The price is foot holding below the line and the level. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The price is fixing the break through the level 0.9340 and the support line 1 at the moment. If the decrease could continue, traders will gain the signal for the reverse downwards. The sales will start after the final signal from the Moving Averages. If the price could arrive back into the channel, the break through the level 0.9350 will be strong signal for purchases.
The pair moves in the channel between the lines 3 and 4. The price dropped to the level 1.6025 during the trend dynamics and the direction of the dynamics reversed upwards. The Moving Averages show the formation of the flat dynamics.
On the 1-hour chart:
The testing of the support level 1.6025 had been unsuccessful and the pair reversed upwards. After that the price increased to the cross of the line 5 and the level 1.6060. The Moving Averages show the slowdown of the decrease.
On the 15-minute chart:
There has been recoil from the cross of the line 3 and the level 1.6060. If the pair could rebound downwards and could break the levels 1.6025 and 1.6005 players will start active sales. If the resistance level and the line 3 could be broken, traders will gain the signal for continuation of the reverse upwards.
The dynamics within the bullish channel between the lines 1 and 2 continues. Earlier the pair pierced the resistance line 3. The price confirmed the line 3 and level 1.0330 as a support. The moving averages are suggesting the bullish trend.
On the 1-hour chart:
At the beginning of the day, the pair recoiled upwards from the level 1.0330. During the growth, the price pierced the level 1.0360, which was the signal to continue the bullish trend. The moving averages provided the signal of the upward dynamics.
On the 15-minute chart:
During the growth, the pair reached the level 1.0380 and the correction started. In case of the downward recoil continuation, the pair can fell to the support level 1.0360. In case of the resistance piercing, the pair will continue to grow. The buying will start from the level 1.0390.
The dynamics in the channel between the lines 1 and 2 is remaining at the moment. Resistance line 3 had been broken after the rebound from the level 1.2900. The pair recoiled to the resistance level 1.2930. The Moving Averages show a bearish trend.
On the 1-hour chart:
The pair started the day in the correction between the levels 1.2890 and 1.2915. The pair increased to the cross of the resistance line 2 with the level 1.2945 after the next rebound from the support level. The Moving Averages confirm deep correction.
On the 15-minute chart:
The pair is testing the line 2 and the level 1.2945 at the moment. If the resistance could be broken, traders will expect the further reverse dynamics. In the case of the rebound downwards the trend will continue and the break through the level 1.2930 will be a signal for the beginning of the purchases.
The pair left the ascending channel between the lines 1 and 2. After the piercing, pair fell to the level 79.60 and then grew until the level 79.95. Then the price continued the bearish dynamics and reached the support at the level 79.40. In addition, the lines 3 and 4 were formed. The moving averages are suggesting the turn down.
On the 1-hour chart:
The pair started the day with the growth, but after reaching the level 79.95, the sharply falling to the level 79.40 followed. Now the price is testing the support level. The moving averages are showing the bearish trend.
On the 15-minute chart:
Now the price is gaining the foothold below the level 79.40. If the pair will resume falling, traders keep the short positions opened. The first landmark will be the line 1 and level 79.20. If the price will move above the level 79.40, the forming of the flat between the levels 79.40 and 79.53 starts.
The pair left the ascending channel between the lines 1 and 2. After the piercing, pair fell to the level 79.60 and then grew until the level 79.95. Then the price continued the bearish dynamics and reached the support at the level 79.40. In addition, the lines 3 and 4 were formed. The moving averages are suggesting the turn down.
On the 1-hour chart:
The pair started the day with the growth, but after reaching the level 79.95, the sharply falling to the level 79.40 followed. Now the price is testing the support level. The moving averages are showing the bearish trend.
On the 15-minute chart:
Now the price is gaining the foothold below the level 79.40. If the pair will resume falling, traders keep the short positions opened. The first landmark will be the line 1 and level 79.20. If the price will move above the level 79.40, the forming of the flat between the levels 79.40 and 79.53 starts.
The pair continued the growth, which started at the end of previous week. The price pierced the resistance level 1.0003 and now tries to hold the ground. It is too early to talk about the clear support line. The moving averages are showing the intensive growth.
On the 1-hour chart:
After the recoil from the resistance line 2, the pair started the testing of the support line 1 and the level 1.0003. In case of confirmation of the supports, the price will continue the growth within the channel. The moving averages are showing the correction of bullish trend.
On the 15-minute chart:
The pair pierced the support line 1 and started to test the line 2 during the correction. The price resumed the growth after recoil from the support. Spectaculars will keep the long positions opened with aim at the previous local high level 1.0017.
The price increased to the level 0.9370 during the increase between the lines 1 and 2. The decreased started after unsuccessful testing of the resistance; as a result, the line 1 had been formed. The Moving Averages prepare to give the bearish signal.
On the 1-hour chart:
The pair started the day with the testing of the support level 0.9315. The level had been broken to the middle of Wednesday and the resistance line 3 had been formed. The price moves in the direction of the support level 0.9295 to the moment. The Moving Averages show a bearish trend.
On the 15-minte chart:
The pair approaches to the support level 0.9295. If the level could be broken, traders will gain strong signal for sales. If the price could rebound upwards, traders will expect the continuation of the bullish dynamics. The break through the level 0.9340 and the line 2 will be signals for the growth.
The dynamics in the channel between the lines 1 and 2 is remaining. The rebound upwards from the support level 1.6025 had been before; as a result the support line 5 had been formed. The price broken the resistance line 4 and increased above the level 1.6095. The Moving Averages show flat character of the dynamics.
On the 1-hour chart:
The price reached the resistance level 1.6085 at the second part of Tuesday. The breakthrough had been on Wednesday and the growth continued. The Moving Averages gave bullish signals.
On the 15-minute chart:
The pair places between the levels 1.6085 and 1.6115. If the resistance level and the line 2 on the 1-hour chart could be broken, traders will gain one more signal for the trend reverse in the upward direction. Trend dynamics will continue in the case of the rebound from the line 2 on the 1-hour chart or in the case of the break through the support level.
The pair reached the support level 1.2890 during the bearish trend and the direction of the dynamics had changed. The trend line 2 had been broken and the price increased above the level 1.2975. The Moving Averages show strong slowdown of the bearish trend.
On the 1-hour chart:
The pair had broken the line 2 in the middle of Tuesday after that the price reached the level 1.2975. It had been recoil to the support level 1.2955 after the rebound from the resistance level. The support line 4 had been formed as well. The Moving Averages gave a bullish signal before the line 2 had been broken.
On the 15-minute chart:
It expects the foothold of the price above the level 1.2975. If the pair could hold above the level, traders will gain the second signal for the trend change. After that aggressive traders will start the purchases. Conservative players will wait for additional confirmation from the Moving Averages on the 4-hour chart.
The pair continues to move within the large ascending channel between the lines 1 and 2. After recording the local high at 1.0018, the price turned downwards and started the correction of bullish trend. The moving averages are showing the intensive ascending tendency.
On the 1-hour chart:
Recoiled from the resistance line 2, the pair pierced the support 1 and the level 1.0003. The price started to test the level 0.9981 within the falling continuation. The moving averages are showing the turnover of the ascending trend of its deep correction.
On the 15-minute chart:
During the Asian session, the pairs dynamics was restricted by the line 1 from the top. In case of breaking the support level 0.9981, traders will start to sell. Otherwise, stabilization of the flat tendency between the levels 0.9981 and 1.0003 is likely.
The pair continues the consolidation between the line 1 and the resistance level 1.0388. After the recoil from the support line, the price rushed to the resistance and started the testing. The moving averages herewith continue to show the weak bullish tendency.
On the 1-hour chart:
The pairs dynamics is restricted by the line 1 from the bottom and by the level 1.0388 from the top. Since the beginning of the week, the price is consolidating between the support line 2 and the resistance line 3. The level 1.0366 was confirmed as a support. The moving averages are showing the moderate ascending tendency.
On the 15-minute chart:
During the Asian session, the pair was fluctuating between the support line 1 and the level 1.0388. In case of piercing the resistance, the intensive growth is possible, which can cause the selling. Otherwise, the pair will probably turn to flat.
The pair confirmed the line 2 as a support and formed the descending trend channel between the lines 1 and 2. Now the price is in the correction phase. The price got close to the resistance line 1. The moving averages are showing the consolidation.
On the 1-hour chart:
The pair is consolidating at the level 79.59 since the second half of Tuesday within the bearish trend correction. At the Asian session, the volatility of the price grew. The moving averages are showing the forming of the flat tendency.
On the 15-minute chart:
The pair, which is fluctuating along the level 79.59, is getting close to the resistance line 1. In case of piercing, the flat continuation is possible. If the price will recoil from the resistance, spectaculars continue to sell. The support lies at 79.34/30.
The pair continued the movement between the support line 1 and the resistance line 2, which are forming the ascending trend channel. The price is testing the resistance level 1.0003 intensively more than a day. The moving averages are showing the weakening of the bullish trend.
On the 1-hour chart:
The pair is consolidating between the level 1.0003 and the support line 1 since Tuesday. The testing of resistance continues. The moving averages have given the weak bullish signal and continued the unconfident ascending dynamics.
On the 15-minute chart:
During the Asian session, the pair was fluctuating in flat between the support level 0.9983 and resistance level 1.0003. In case of holding of the price above the resistance, traders will start to buy. Otherwise, the flat will resume.
The pair continued the consolidation between the support line 1 and the resistance level 1.0388 by recoil from the later. The price fell to the support and will start the testing soon. The moving averages are still showing the weak ascending trend.
On the 1-hour chart:
The pair started the intensive testing of the support line 1, pierced herewith the level 1.0366. The nearest support lies at the level 1.0348. The moving averages are showing the forming of the descending tendency.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the mixed dynamics. The price started to test the support line 1 for the third time a day. In case of its piercing the turn to long flat is possible. If the pair will rebound traders will receive the confident bullish signal.
The yesterday growth continued, which caused the piercing of the levels 79.59 and 79.75. The price is getting close to the resistance at the level of previous local high 80.29. The moving averages are showing the forming of ascending tendency.
On the 1-hour chart:
The growing pair formed the ascending trend channel by the support line 1 and resistance line 2. Now the price operates within the correction of ascending trend. The moving averages have provided the bullish signal.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the bullish dynamics, but recoiled from the resistance line 1 and rushed to the support line 2. Traders can keep the short positions opened, until the price will reach the support. Then the trend movement resumption is expected.
The price dropped to the support level 0.9285 and rebounded upwards after the break through the support line 1. As a result, the resistance line 3 had been broken and the support line 4 had been formed. The Moving Averages show the remaining of the bullish trend.
On the 1-hour chart:
A resistance line 1 had been broken at the second part of Thursday. The growth continued and the support line 2 had been formed after short correction near the level 0.9315. The Moving Averages show the reverse of the tendency upwards.
On the 15-minute chart:
It expects the second testing of the resistance level 0.9340. If the level could be broken, traders will start the purchases. The price will decrease below the support line 1 in the case. According to this traders will gain the signal for the slowdown of the growth.
The pair left a bearish channel between the lines 1 and 2 with the break through the resistance line 3 and the level 1.6115. The price increased above the previous high level 1.6140at the moment. The price increases along the support line 3. The Moving Averages show a bullish trend.
On the 1-hour chart:
The pair broke a support line of the downward channel 1 and increased to the resistance level 1.6140 to the end of Thursday. The growth along support line 2 continued after small correction. The Moving Averages show a bullish trend.
On the 15-minute chart:
The price is testing the level 1.6160. If the resistance could be broken traders will start the purchases. In the case of the rebound it will start the correction between the level 1.6160 and the support line 1.
The price increased to the level 1.3000 after the break through the resistance line of the downward channel 2. Downward dynamics is continuing at the moment. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The pair reversed downwards near the level 1.3000 at the second part of Wednesday. The pair broke the support line 1 and dropped to the support level 1.2955 to the end of Wednesday. The price corrected to the level 1.2965 and continued the decrease with the break through the support level on Thursday. As a result, the resistance line 2 had been formed. The Moving Averages show the reverse downwards.
On the 15-minute chart:
The price is rebounding from the level 1.2930 at the moment. If the price could break the resistance line 1 it will be expected the growth till the resistance area 1.2955/65. The break through the resistance area will be the second signal for the continuation of the growth. If the present support level could be broken bearish dynamics will continue.
