The growing pair recorded the 6-month high at 80.94. At the last day, the pair reached about 150 pips. The key resistance area 80.29/42 has been pierced. The moving averages provided a confident bullish signal.
On the 1-hour chart:
The yesterday growth was slowed down by the resistance area 80.11/29, which has been pierced after the long testing. Now the pair is testing the resistance level 80.85. The moving averages are showing the intensive ascending trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating the intensive bullish dynamics. The price met the resistance at the level 80.85. In case of holding of pair above the level, traders will continue to buy. Otherwise, the turn to flat is possible.
The pair failed with holding above the level 1.0021. The price lowered until the level 1.0003, which is under testing at the moment. The next support lies at 0.9986. The moving averages are showing the end of ascending tendency.
On the 1-hour chart:
The pair is lowering within the intraday descending channel between the resistance line 1 and support line 2. The price pierced the level 1.0003 and declined to the line 2. The moving averages provided a weak bearish signal.
On the 15-minute chart:
The pair is testing the support line 2. In case of piercing, spectaculars will bear the market. Otherwise, the price will start the correction with aim at the line 1.
The pair renewed a 6-month high by value of 81.45 and started the correction of ascending trend. The price has already lost about 40 pips. The moving averages continue to show the intensive upward trend by inertia.
On the 1-hour chart:
After recoil from the resistance level 81.38, the pair corrected until the support level 81.02 backed by the line 1. Both supports are under testing now. The moving averages are showing the upward trend correction.
On the 15-minute chart:
During the Asian session, the pair continues the correction within the intraday channel between the support line 1 and resistance line 2. In case of recoil from the line 3, traders will continue to buy. Otherwise, it will be possible to talk about the end of descending trend.
The pair remains to move in a bullish channel between the lines 1 and 2. The pair reached the support level 0.9420 during the correction and rebounded upwards. After that the price broken the resistance line of the correction 3 and continued the growth. The Moving Averages show the continuation of the increase.
On the 1-hour chart:
The pair decreased to the support level 0.9410 after that it had been formed the support line 4. After that the price broken the resistance line 3 and that was a first signal for the continuation of the upward tendency. The Moving Averages show the formation of the reverse upwards.
On the 15-minute chart:
The pair is increasing in the channel between the lines 1 and 2 at the moment. Players will start the purchases in the case of the continuation of the dynamics in the upward channel and if it could be reached additional signals from the Moving Averages.
The pair continued yesterday lowering by piercing the support level 1.0348. The falling was restricted by the support area 1.0321/08, which is under testing now. The moving averages have provided the bearish signal.
On the 1-hour chart:
The pair was lowering along the support line 1. First testing of support level 1.0308 finished by 30-pip recoil. The last day dynamics could be characterized as a flat between the mentioned support and line 2. The moving averages are showing the correction of descending trend.
On the 15-minute chart:
The pair is fluctuating in flat between the support level 1.0308 and resistance level 1.0339. In case of piercing of support, traders will continue to buy. Piercing of resistance will be a signal of the descending trend ending.
The price decreased below the support line of the bearish channel 1 during the downward tendency. After that it had been a rebound from the support level 1.5830 and the pair arrived into the trend channel. Moreover, it had been formed the support line 3. The Moving Averages show the slowdown of the decrease.
On the 1-hour chart:
The price decreased below the trend line 1 during the decrease in the channel between the lines 2 and 3. However, the price recoiled above the line 1 and broken the resistance line of the channel 4 after the rebound from the level 1.5830. After that the support line 4 had been formed and the tendency had been replaced by the growth. The Moving Averages show the formation of the reverse upwards.
On the 15-minute chart:
The price is moving in the channel between the lines 3 and 4 at the moment. If the dynamics in the channel could continue the correction during the bearish trend will deepen. The break through the support line 4 will be the first signal for the continuation of the downward tendency.
A bearish trend between the lines 1 and 2 is remaining. The pair corrected to the level 1.2777 and after that the decrease continued. As a result the support line of the correction had been broken. The Moving Averages show deep correction during a downward tendency.
On the 1-hour chart:
The pair broken the level 1.2750 during the correction and it had been reached the local high level 1.2790. After that it had been a rebound and the price decreased below the level 1.2777. The resistance line 5 had been formed as well. Moreover the support line of the correction channel had been broken. The Moving Averages show the formation of the reverse downwards.
On the 15-minute chart:
If the price could foothold below the line 1 and the dynamics below the resistance line 3 could continue, players will start the sales from the level 1.2750. If the resistance line 3 could be broken, the correction will continue.
The pair continued to move within the descending trend channel between the resistance line 1 and support line 2. The price is testing the support level 1.0003. The moving averages are showing the ending of middle-term bullish tendency.
On the 1-hour chart:
The pair pierced the support level 1.0003 and now tries to gain a foothold below. The nearest support lies at the level 0.9986. In addition, the price dynamics is restricted by the lines 1 and 2. The moving averages are showing the moderate bearish trend.
On the 15-minute chart:
Now the pair operates below the level 1.0003. In case of holding the price there, it will be possible to talk about the descending trend saving. Traders can resume to bear the market with aim at the support line 1.
At the end of previous week, the pair confirmed the resistance level 81.38 by recoil. The price herewith recorded a high at 81.58 but fell sharply. The moving averages continue to show the intensive ascending trend.
On the 1-hour chart:
The price continued to move within the ascending channel between the support line 1 and resistance line 2. The price finished the ascending trend correction by rebound from the line 1 and resumed the growth. The moving averages are showing the slowdown of upward tendency.
On the 15-minute chart:
The pair recoiled from the support line 2 and started to grow. The nearest resistance lies in the area 81.38/49. In case of its piercing, the price will open a way to the resistance line 2. Otherwise, the flat will continue.
The pair remains to correct in the upward channel between the lines 1 and 2. The resistance line 3 had been formed at the end of Friday. The Moving Averages show the formation of the dynamics.
On the 1-hour chart:
The decrease continued after the rebound from the resistance level 0.9480. As a result, the price dropped to the level 0.9440. The further dynamics continued in the channel between the support level and the resistance level 0.9455. The Moving Averages prepare to give a bearish signal.
On the 15-minute chart:
The price places between the levels 0.9440 and 0.9445. The foothold of the price below the level 0.9440 will be a signal for the continuation of the correction. If the resistance level could be broken, players will gain the first signals for the continuation of the trend.
The dynamics in the bearish trend between the lines 1 and 2 is remaining. The pair increased to the cross of the level 1.5910 and the resistance line 2 during the correction. The Moving Averages show the remaining of a bearish trend.
On the 1-hour chart:
The price places in the channel between the lines 2 and 3 at the moment. The pair dropped to the support line 1 and after that the growth continued. The pair reached the cross of the lines 3 and 4 on Monday and the dynamics reversed after that.
On the 15-minute chart:
The price places between the lines 2 and 3. After that the dynamics will develop in the direction of the break through. If the price could foothold above the line 3, the dynamics in the channel between the lines 2 and 3 on the 1-hour chart will remain. The break through the support line will be the first signal for the continuation of a bearish trend.
The dynamics in a bearish channel between the lines 1 and 2 is remaining. The pair broke a support line of the correction to the level 1.2720 at the end of the previous week. After that an upward dynamics had continued. The Moving Averages show the formation of a flat.
On the 1-hour chart:
The pair dropped to the support level 1.2725 at the end of Friday and rebounded upwards. After that it had been formed a support line 3. The resistance line 4 had been formed during the correction. As well, it had been formed the support line of the present tendency 5. The price approaches to the previous local high. The moving Averages gave a bullish signal.
On the 15-minute chart:
The pair increases in the direction of the previous local high level 1.2780. The correction will continue in the case of the break through the support level of the correction. The line 2 on the 4-hour chart will be a landmark for traders. The rebound from the resistance level will be the first signal for the continuation of the trend.
At the end of the last week, the pair finally confirmed the area 1.0321/08 as a support and started to grow. On this week, the price started to test the resistance level 1.0366. The moving averages are showing the end of descending tendency.
On the 1-hour chart:
On Friday, the pair finished the flat between the resistance level 1.0348 and support area 1.0321/08, pierced the resistance line 1. Now the price is testing the level 1.0366. The moving averages are preparing to provide a bullish signal.
On the 15-minute chart:
The pair is trying to gain a foothold above the level 1.0366 at the moment. In case of success, traders will continue to buy. Otherwise, the turn to long flat is possible.
The pair confirmed the resistance line 1 and piercing the support line 2 as well as the levels 1.0003 and 0.9986. The falling price found the support at the level 0.9963. The moving averages are preparing to provide a bearish signal.
On the 1-hour chart:
The lowering pair reached the support level 0.9953 and formed the resistance at 0.9969, which is under testing now. The next resistance lies at 0.9986. The moving averages are showing the slowdown of descending trend.
On the 15-minute chart:
The pair is fluctuating in flat corridor between the support level 0.9959 and resistance level 0.9969. The piercing of any border of the corridor will be a signal to open the position in the respective direction.
The pair confirmed the key resistance at the level 81.38 again. From the bottom, the price dynamics restricted by the support line 1, which forming started at the end of previous week. The moving averages are showing the slowing the ascending trend down.
On the 1-hour chart:
The pair continued the forming of the pattern “triangle” between the resistance level 81.38 and support level 1. The pair turned to the final quarter of the figure. The nearest support lies at the level 81.02. The moving averages are showing the flat.
On the 15-minute chart:
The pair turned to the final stage of the triangle. In case of piercing the resistance level, traders will expect the intensive growth. Otherwise, the turn to flat is possible.
The dynamics in the upward channel between the lines 1 and 2 will continue. The rebound from the cross of the trend line 1 and the level 0.9400 had been earlier. The Moving Averages gave a bearish signal.
On the 1-hour chart:
The consolidation between the trend line 1 and the resistance line 3 is remaining. The pair rebounded from the support level 0.9397 and reached the resistance level 0.9428. The Moving Averages show the downward tendency.
On the 15-minute chart:
The pair is testing the resistance line of the correction 2 at the moment. The breakthrough will be a signal for the end of the correction and players will start the purchases. If the pair could decrease below the trend line 1 it will be a slowdown of the bullish trend.
At the beginning of the week, the pair demonstrated the sharply growth, pierced herewith the resistance area 1.0390/401. After that, the price reached the resistance line 1, where consolidated. The moving averages are preparing to provide a bullish signal.
On the 1-hour chart:
The pair is fluctuating in flat between the resistance level 1.0418 and the support 1.0401. The next resistance lies at 1.0438. The moving averages are showing the slowdown of the bullish trend.
On the 15-minute chart:
During the Asian session, the pair was demonstrating a flat between the levels 1.0418 and 1.0401. In addition, it is important to mention the forming of the support line 1. Spectaculars will continue trading after piercing of the current flat corridor.
The pair is remaining to move in the downward channel between the lines 1 and 2 along the support line 3. The resistance level 1.5910 had been broken and that was a signal for the continuation of the correction. The Moving Averages show the reverse upwards.
On the 1-hour chart:
The pair moves in the channel between the lines 1 and 2. Moreover the price restricts by the support level 1.5895 and by the resistance level 1.5920. The Moving Averages show the approach for the correction. The Moving Averages show an upward dynamics.
On the 15-minute chart:
The pair moves in flat between the levels 1.5895 and 1.5920. The break through the support line 1 and the remaining of the dynamics in flat channel will be a confirmation for flat. The break through the support level will be a signal for sales. If the price could foothold above the resistance level players will gain the confirmation for the correction in the channel between the lines 1 and 2.
The dynamics places in a bearish trend channel between the lines 1 and 2. The price reached a point of the cross between the lines 2 and 3 and the level 1.2815. The trend line 2 had not been broken yet. The Moving Averages prepare to give a bearish signal.
On the 1-hour chart:
The price reached a resistance level 1.2815 in a point of the cross with the lines 2 and 3 at the second part of Monday. The price rebounded from the resistance level 1.2765 during the first hours of Tuesday. After that it started the consolidation between the trend line 2 and the support line 4. The Moving Averages show a bullish tendency.
On the 15-minute chart:
The pair places between the lines 1 and 2. The break through the trend line 2 will be a signal for the slowdown of the bearish tendency. If the price could foothold below the line 1, players will gain the first signals for sales.
The falling pair found a support at the level 0.9956 and started the bullish dynamics. The resistance line was pierced. The nearest resistance lies at 0.9986 and then at 1.0003. The moving averages are showing the consolidation.
On the 1-hour chart:
The pair formed the upward channel between the support line 1 and resistance line 2. Now the price is in the correction phase from the line 2 and level 0.9986. The moving averages are showing the turn of the pair to flat.
On the 15-minute chart:
The lines 1 and 2 are restricting the intraday correction channel. The pair is getting close to the support line 3, recoil from which can cause the resumption of buying. Before that, traders will keep the short positions opened.
