The pair recoiled from the support line of the descending tendency 1, which was formed on this week, and demonstrated more than 30-pips growth. Now the current week dynamics could be characterized as a flat, which is confirmed by the moving averages.
On the 1-hour chart:
The growing pair recoiled from the resistance level, which moved to the mark 80.42, and then fell by more than 50 pips. Failed with gaining a foothold below the level 79.92, the price restored almost all the daily losses reaching herewith the level 80.29. The moving averages are showing the horizontal tendency.
On the 15-minute chart:
On the second part of the Asian session, the pair pierced the resistance level 80.11 after short testing and grew to 80.29. Traders will keep the long positions opened until receiving the clear signals of the bullish movement end.
The pair continues the upward dynamics in the channel between the lines 1 and 2. The price tested the level 0.9445 unsuccessfully for the second time after the break through the support line 3. As a result, the line 4 had been broken and the price dropped below the level 0.9440. The Moving Averages show the slowdown of the growth.
On the 1-hour chart:
The pair broke the line 4 and the level 0.9430, 0.9415 and 0.9400 after the rebound from the resistance level. The decrease stopped to the moment and the price recoiled to the level 0.9440. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The pair tests the resistance level 0.9440. In the case of the breakthrough the level trend dynamics will continue. The purchases will start from the level 0.9445. If the level could not be broken, traders will continue the sales from the level 0.9380.
The pair gained a foothold above the level 1.0418, confirmed it as a support. The followed growth forced the pair to grow to the key resistance 1.0468 and line 1. The moving averages are showing the intensification of bullish trend.
On the 1-hour chart:
The pair continued the growth after piercing of the resistance line 1. Gained about 60 pips for today, the price reached the resistance at the level 1.0468 and started the testing. The moving averages are still showing the intensive bullish tendency.
On the 15-minute chart:
During the Asian session, the pair was growing within the ascending channel between the support line 1 and resistance line 2. Traders can start to sell after confirmation of rebound from the resistance 1.0468 and line 3. In addition, turn to flat is possible.
The pair continues the dynamics in the channel between the lines 1 and 2. After the rebound from the support level 1.5965 it had started next correction and the price increased to the resistance at the level 1.6035. The resistance line 3 had been broken earlier. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The pair rebounded upwards from the support area 1.5965/70 and increased to the cross of the level 1.6035 and the line 3. The Moving Averages prepare to give a bullish signal.
On the 15-minute chart:
The price is reversing downwards near the level 1.6035. If the reverse could finish, traders will expect the break through the level 1.5965 that will be a signal for the continuation of the trend. In the case of the break through the line 3 and the level 1.6035 the pair will continue the correction.
Bearish channel between the lines 1 and 2 had been formed finally after the rebound of the pair from the support level 1.2779. In particular, the support line 1 had been replaced. The price is correcting now. The Moving Averages confirm the slowdown of the decrease.
On the 1-hour chart:
The price had not foothold below the support line 5 on Tuesday. The pair increased above the line 4 and the level 1.2815 to the end of the day. However, the price decreased to the level 1.2790 at the first part of Wednesday. After that it had been strong leap and the pair increased above the level 1.2986 to the moment. The Moving Averages prepare to give a bullish signal.
On the 15-minute chart:
The growth slowed down to the moment. Herewith it could not be said that the price halt above the level 1.2865 finally. If the level could be confirmed as a support, traders will continue the purchases. If the pair could recoil downwards, traders will expect the signals for the continuation of the bearish trend.
After the recoil from the support line 1, the pair pierced the resistance line 2 and the level 0.9941. The growing price found a resistance in the area 0.9963/71. The moving averages are showing the forming of the large flat.
On the 1-hour chart:
In the middle of Wednesday, the pair demonstrated the sharply growth about 90 pips and turned to flat between the levels 0.9971 and 0.9963. The price continues to test the key resistance. The moving averages provided a bullish signal.
On the 15-minute chart:
The price is fluctuating between the levels 0.9971 and 0.9963. In case of any current flat corridor border piercing, spectaculars will start the intensive trading in respective direction.
The pair found a resistance in the area 80.29/42 and started the sharply decline. The price is testing the support level 79.92. The moving averages continued the turnover, showing the deep correction of the middle-term ascending trend.
On the 1-hour chart:
The lowering pair pierced the support level 80.11 after the short testing. The price lost about 50 pips in total for last day. The pair is taking another attempt to hold below the 79.92. The moving averages are showing the descending trend by inertia.
On the 15-minute chart:
During the Asian session, the pair continued to fluctuate in flat between the resistance level 80.01 and area 79.85/75. Spectaculars will start the active trading after clear piercing of current corridor.
The dynamics in a bullish channel between the lines 1 and is remaining. The pair dropped to the level 0.9400 and reversed upwards during the correction. After that a resistance level 0.9445 had been broken. That was a signal for the continuation of the trend. The growth had been interrupted by the resistance level 0.9460. The Moving Averages show a bullish trend.
On the 1-hour chart:
The pair reached the resistance level 0.9460 and the correction between the resistance level and a level 0.9445 started after that. The flat is remaining now. The Moving Averages show the continuation of the bullish trend.
On the 15-minute chart:
The pair is testing the support level 0.9445 at the moment. If the level could be broken the correction will deepen. The nearest targets will be a level 0.9430 and a line 1. In the other case the pair will arrive in the channel that will be a signal for the continuation of the flat. The break through the resistance level will be a signal for purchases.
The pair continued to move within the middle-term ascending trend channel between the lines 1 and 2. After the recoil from the support line 1, backed by the level 1.0468, the price started the correction, which is confirmed by the moving averages’ dynamics.
On the 1-hour chart:
The forming of pattern “head and shoulders” turned to the final phase. Piercing of the bottom border of figure can cause the sharply falling. The nearest resistance lies at the level 1.0418. The moving averages are preparing to provide a bearish signal.
On the 15-minute chart:
During the Asian session, the pair is fluctuating between the lines 1 and 2, which are forming the shoulders of the mentioned figure. In case of piercing the support, traders will start to sell. Otherwise, the turn to flat is possible.
The dynamics in the downward channel between the lines 1 and 2 is remaining. The pair corrected to the level 1.6035 and after that dropped to the level 1.5965. The price rebounded upwards and it started the growth along the line 4. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The price dropped below the line 2 at the second part of Wednesday. The further fluctuations placed between the line 2 and support level 1.5965. The pair approaches to the resistance line 3. The Moving Averages show strong slowdown of the decrease.
On the 15-minute chart:
The pair approaches to the resistance line 1. If the line could be broken, flat dynamics will continue. The break through the resistance level 1.6035 will be a signal for the deepening of the correction. If the price could rebound from the resistance line and could break through the support level, players will gain the signal for sales.
The pair moves in the bearish channel between the lines 1 and 2. The pair increased to the resistance level 1.2860 during the correction. After that trend dynamics continued. The break through the level 1.2777 was the signal for the continuation of the downward tendency. The Moving Averages confirm a bearish tendency.
On the 1-hour chart:
The pair rebounded from the cross of the resistance level 1.2870 in the middle of Wednesday and the line 3 and after that the trend continued. The pair dropped to the level 1.2750 to the end of the day. After that it started flat between the support level and the resistance 1.2775. The Moving Averages gave a signal for the continuation of the trend.
On the 15-minute chart:
The flat between the levels 1.2750 and 1.2772 is remaining at the moment. The pair approaches to the support of the channel. The break through the support level will be a signal for the continuation of the trend. Players should pay attention to the closeness of the support line 1 on the 1-hour chart. The break of the resistance will be a signal for the deepening of the correction.
After the recoil from the support line 2, the pair started the sharply growth, pierced herewith the resistance line 1. There have been formed the support line 3 and resistance line 4. The price reached the key resistance level 1.0003.
On the 1-hour chart:
The price is growing within the ascending trend channel between the lines 1 and 2. Recoil from the resistance level 1.0003 caused the technical correction until the line 1. The moving averages are showing the ascending trend.
On the 15-minute chart:
The correction of upward trend was restricted by the support line 1. In case of piercing of the resistance level 1.0003, spectaculars will continue intensive buying. Otherwise, the turn to flat is possible.
The channel of ascending trend correction was formed on this week by the resistance line 1 and support line 2. The price confirmed the lines 3 and 4 as a resistance. The moving averages confirm the correction of the upward trend.
On the 1-hour chart:
The pair is moving between the resistance line 1 and support line 2. After the correction until the line 1, the price mentioned the recoil. The key support lies on the level 1.0390. The moving averages are showing the horizontal tendency.
On the 15-minute chart:
During the Asian session, pair was demonstrating the bullish dynamics. The price finished the correction period of descending trend by recoil from the resistance line 1. In case of piercing the support level 1.0418, traders will start the active sales.
The pair continued lowering along the support 1. The lowering price pierced the support levels 79.75 and 79.59. The session low was recorded at 79.31. The moving averages provided the bearish signal.
On the 1-hour chart:
Yesterday the pair formed the resistance line 1, recoiled from which it reached the support line 2. Now the price is in the phase of technical correction of descending trend. The moving averages confirm the correction.
On the 15-minute chart:
Recoiled from the support area 79.34/30 pair was corrected until the level 79.59. In the second half of Asian session, the price turned to flat. Spectaculars will probably continue trading after the trend moving starts.
The bullish trend between the lines 1 and 2 is remaining now. The price rebounded from the resistance level 0.9475 earlier and the correction started. The pair decreased to the level 0.9430 and continued to grow. The Moving Averages show the slowdown of the bullish trend.
On the 1-hour chart:
The pair rebounded from the resistance level 0.9475 and started to correct in the second part of Thursday. Support line 4 had been broken at the first part of Friday and the pair dropped to the level 0.9430 and to the support line 5. After that upward dynamics continued. The Moving Averages show the remaining of the trend.
On the 15-minute chart:
The growth continued to the moment. The break through the level 0.9460 will be a signal for the continuation of the trend. If the pair could decrease below the level 0.9430 and the line 5, the correction will continue.
The pair continues downward trend in the channel between the lines 1 and 2. The channel between the lines 4 and 5 had been formed after the break through the resistance line 3. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The support line 3 had been formed at the beginning of the day and the correction continued. The pair rebounded from the resistance level 1.6015, thus the resistance 2 had been formed. The price approaches to the cross of the lines 3 and 4. The Moving Averages gave a bullish signal.
On the 15-minute chart:
The price is testing the level 1.5990 at the moment. Traders will gain first signals for the continuation of the bearish trend in the case of the break through the level and the support line of the correction. If the resistance line 2 and the level 1.6015could be broken, players will gain the signal for the deepening of the correction.
The dynamics in the bearish channel between the lines 1 and 2 remains. The price dropped to the cross of the support level 1.2730 and the lines 1 and 5 after the break through the level 1.2777. The Moving Averages show the continuation of the bearish trend.
On the 1-hour chart:
The price became clamped between the resistance level 1.2750 and the support line 5 to the end of Thursday. The pair grown to the level 1.2777 at the beginning of Friday and after that the decrease continued. The Moving Averages show the slowdown of the downward tendency.
On the 15-minute chart:
The pair moves in the channel between the levels 1.2730 and 1.2777. The support provides by the line 1 as well. The correction will deepen in the case of the break through the resistance level. If the price could break the level 1.2730 and the line 2, traders will gain the signal for the continuation of the bearish trend.
The pair failed with holding above the resistance level 1.0003, pierced herewith the support line of short-term ascending trend 1. The nearest support lies at the level 0.9981. The moving averages are showing the correction of bullish trend.
On the 1-hour chart:
In the middle of Friday, the pair recorded the local high at 1.0031 and then started to decline. The level 1.0003 has been confirmed as a resistance. Now the pair is in the correction phase of bearish tendency. The moving averages are showing the turnover of upward trend.
On the 15-minute chart:
During the Asian session, the pair was lowering continuing the forming of the resistance line 1, which is under testing now. In case of recoil, traders will continue to sell. In addition, there is a possibility of the flat resumption between the levels 0.9993 and 0.9981.
The pair failed with foothold below the level 79.30, confirmed herewith the support line 1. The clear resistance line of descending trend has not been formed. Now the price is in the phase of technical correction. The moving averages are showing the bearish bias of the pair.
On the 1-hour chart:
After the recoil from the support line 1, the pair returned all the Friday losses and formed the resistance level 79.50. The price finished a week by consolidation near that level. The moving averages are showing the flat.
On the 15-minute chart:
The fluctuating pair formed the pattern “triangle”. The piercing of the resistance level 79.50 can cause the intensive growth. The next resistance level lies at 79.59. In addition, the flat continuation is possible.
Bullish trend in the channel between the lines 1 and 2 is remaining. The price reached the resistance line and corrected to the level 0.9470. After that the growth continued. The Moving Averages show bullish trend.
On the 1-hour chart:
The pair reached the resistance line of the channel 2 and the level 0.9495 in the second part of Friday. After that the correction started. The recoil finished near the support level 0.9470. The testing of the resistance level expects in the near future. The Moving Averages show the slowdown of the growth.
On the 15-minute chart:
The pair is correcting between the levels 0.9470 and 0.9495 at the moment. The break through the resistance level will be a signal for bullish trend. If the line 2 could be broken downwards, players will obtain the signal for the remaining of the flat. The break through the support level will be a signal for the deepening of the correction.
