The piercing of the top border of triangle 81.38 trigged to the bulls as a red rag – pair reached more than 50 pips for the last day. The price recorded a 7-month high at 81.96. The moving averages are showing the ascending trend continuation.
On the 1-hour chart:
After piercing of the level 81.38, the pair found a resistance at the line 2, which is under testing now. In addition, the level 81.76 has been pierced. The moving averages continued to show the bullish trend.
On the 15-minute chart:
The pair pierced the resistance line 1 and now tries to hold the ground. In case of confirmation the line as a support, traders will continue to buy. Otherwise, the consolidation is possible.
The dynamics in the upward channel between the lines 1 and 2 is remaining. The pair reached the cross of the support line 1 and level 0.9397 during the correction. After that it had been a rebound and the price increased to the cross of the high border of the correction channel 4 and the level 0.9445. The Moving Averages gave a bearish signal.
On the 1-hour chart:
The pair rebounded from the support level 0.9397 at the end of Tuesday and the price increased above the level 0.9445. After that the correction continued. The Moving Averages prepare to give a bullish signal, however the signal could not be reached in the case of the correction continuation.
On the 15-minute chart:
The price continues the correction dynamics at the moment. The break through the level 0.9428 will be a signal for the continuation of the correction. In the case it will be expected the decrease to the trend line 1. The break through the line 2 and through the levels 0.9445 and 0.9455 will be a signal for the continuation of the trend.
The testing of the resistance line 1 finished by fail. After recoil, the pair lost more than 60 pips. Herewith the support area 1.0401/390 and level 1.0366 have been pierced. The moving averages are showing the consolidation.
On the 1-hour chart:
The lowering pair formed the channel of intraday descending trend by the resistance line 1 and support line 2. Now the price is correcting from the line 2 and level 1.0348. The moving averages provided the unconfident bearish signal.
On the 15-minute chart:
The pair confirmed the level 1.0348 as a support and started the correction of downward trend. Spectaculars will continue to sell in case of recoil from the resistance line 1. In case of piercing the resistance, traders can bull the market.
The decrease in the downward channel between the lines 1 and 2 continued. The price increased to the level 1.5925 during the correction and rebounded downward with the break through the support line of the correction 3. The decrease slowed down near the level 1.5895. The Moving Averages show the remaining of the bearish trend.
On the 1-hour chart:
The price had broken the support line of the correction 1 at the beginning of the day and reached the support level 1.5895. The Moving Averages show the formation of the reverse downwards.
On the 15-minute chart:
The price is recoiling above the level 1.5895 at the moment. If the price could foothold below the level players will gain the signal for the sales. The break through the level in the upward direction will be a signal for the formation of the flat tendency.
The price had continued a correction in the channel between the lines 1 and 2. The pair had moved out of the high border of the trend channel for a short time and continued to test the resistance level 1.2815. Intensive decrease had started after the arriving into the channel. As a result the support line of the correction had continued. Traders had gained the signal for the continuation. The Moving Averages prepare to give a bearish signal.
On the 1-hour chart:
The price rebounded from the resistance level 1.2815 at the beginning of the day and dropped below the level 1.2765 after that. The support line 3 had been broken as a result. The price moves in the direction of the support line 4. The Moving Averages prepare to give a signal for a downward tendency.
On the 15-minute chart:
The price confirmed the level 1.2765 and continued in the direction of the support line 4 on the 1-hour chart. In the case of the break through the support line players will continue a confident sales. The signal for the slowdown will be a break through the level 1.2765.
The pair dynamics restricted by the resistance line 1 for the second week. During the last days, the price is demonstrating the flat dynamics between the support levels 0.9956 and resistance 0.9986. The moving averages are showing the weak bearish tendency.
On the 1-hour chart:
After recoil from the resistance 0.9986, the pair pierced the line 1 and support level 0.9969. The nearest support lies in the area 0.9956/53. The moving averages are showing the correction of descending tendency.
On the 15-minute chart:
During the Asian session, the pair is fluctuating in flat between the levels 0.9963 and 0.9956. The piercing of the corridor borders will be a signal of forming tendency.
The pair was growing until met the resistance in the area 82.53/66, which is under testing at the moment. The 7-month high was renewed by value of 82.58. The nearest key support lies at 81.38. The moving averages continue to show the intensive bullish trend.
On the 1-hour chart:
The pair is fluctuating in flat between the resistance level 82.53 and support level 82.35. The price can found a support on the line 1. The moving averages are showing the correction of ascending trend.
On the 15-minute chart:
During the Asian session, the pair continued the horizontal dynamics in the corridor mentioned above. In case of piercing the resistance, traders can continue to buy. The piercing of the support will show the deepening of the correction of ascending trend.
The pair had broken the trend line of the bullish channel 1 and the level 0.9397. After that it had been reached the support level 0.9370. The break through the level and the line had been a signal for the reverse of the trend upwards. The Moving Averages confirm the reverse.
On the 1-hour chart:
The price broke the support at the level 0.9380 at the beginning of the day. After that it was recoil upwards from the support 0.9365 and the price infirmed the level 0.9380 as a resistance. The dynamics is placing in a flat channel at the moment. The Moving Averages signalize about bearish tendency.
On the 15-minute chart:
The pair moves in flat channel between the levels 0.9365 and 0.9380. The break through the resistance level will be a signal for the formation of the correction during a tendency between the lines 2 and 3 on the 1-hour chart. The break through the support level will be a signal for the continuation of the decrease.
The pair is consolidating between the support line 1 and resistance line 2. After recoil from the support line 1, the price grew until the line 1 and level 1.0390. During the last hours, the pair mentioned the recoil from the resistance. The moving averages confirm the consolidation.
On the 1-hour chart:
After the end of the bearish dynamics between the lines 1 and 2, the pair started to grow. The resistance level 1.0366 has been pierced. After that, the price confirmed the resistance in the area 1.0390/401 backed by the line 3. The moving averages provided the bullish signal.
On the 15-minute chart:
The pair started the recoil from the resistance 1.0390. The clear channel of intraday bearish trend has not been formed yet. Traders will probably keep opened the short positions with aim at the support line 1.
The correction dynamics in the channel between the lines 1 and 2 is remaining. The price reached the resistance level 1.5965. The Moving Averages gave a bullish signal.
On the 1-horu chart:
The pair rebounded from the resistance line 3 and dropped below the line 1 and the level 1.5965. As a result, it had been formed a between the lines 4 and 5. The Moving Averages show the remaining of the bullish trend.
On the 15-minute chart:
The price places between the levels 1.5965 and the level 1.5968. The break through the support level will be a signal for the beginning of the correction. The continuation of the dynamics in the side way channel will be a signal for flat. Moreover, the price restricts by the resistance lines 2 and 3.
The pair had broken trend line of the bearish channel between the lines 1 and 2 and increased to the resistance line 5. The break through the trend line and the level 1.2815 was a signal for the trend reverse upwards. The Moving Averages gave a bearish signal.
On the 1-hour chart:
The pair had broken the trend line 1 and the level 1.2815 in the middle of Wednesday. After that the pair increased above the level 1.2835 and the lines 3 and 5. However, it was recoil downwards later. The Moving Averages show the remaining of the upward tendency.
On the 15-minute chart:
The price places between the resistance line 1 and the level 1.2835. The break through the resistance line will be a signal for the continuation of the growth. If the price could drop below the support level players will gain the signal for the formation of the correction during the bullish trend.
The pair continued the flat between the support level 0.9956 and resistance level 0.9986. The moving averages finished the lowering and now showing the clear horizontal tendency.
On the 1-hour chart:
During the last day, the pair narrowed the corridor of horizontal fluctuations to the range between the levels 0.9969 and 0.9979. The moving averages are confirming the decline of activity.
On the 15-minute chart:
At the end of the Asian session, the pair demonstrated the lowering to the level 0.9969 and started to test it. In case of piercing, traders will wait for confirmation of forming the bearish tendency of the elder timeframes.
The pair confirmed the resistance in the area 82.53/66 by the recoil, and then started the correction of ascending trend. The price pierced the support line 1 and now tries to gain a foothold below. The moving averages are confirming the moderate correction.
On the 1-hour chart:
The pair was correcting from the level 82.66 since the middle of Thursday. The clear bearish tendency of the last day now turned to correction. The price found a support at the mark 82.20. The moving averages are showing the deep correction of bullish trend of current week.
On the 15-minute chart:
The dynamics from the middle of Thursday formed the lines 1 and 2, which are the borders of bearish channel. The pair pierced the resistance line 1 at the end of Asian session. In case of holding of the price above the line, the turn to flat is possible.
The growth had remained after the break through the line 1. Moreover it had been broken the support line of the downward channel 3. And that was a signal for strengthening of the bearish tendency. The Moving Averages confirm the end of the reverse downwards.
On the 1-hour chart:
The price dropped to the level 0.9340 after the break through the support line of the bearish channel 2. The testing of the level had continued of Friday. However the level had not been broken till the present moment. The Moving Averages show a downward tendency.
On the 15-minute chart:
The price is recoiling now after unsuccessful testing of the support level 0.9340. If the price could break the resistance line 2, players will gain the signal for the slowdown of the decrease. The break through the support will be a signal for sales.
The pair finished the consolidation between the support line 1 and resistance line 2 by piercing the later. The price is getting close to the previous local high at the mark 1.0416. The moving averages continue to show the horizontal tendency.
On the 1-hour chart:
The pair was fluctuating between the levels 1.0377 and 1.0390 until pierced a resistance. The price grew above the level 1.0401 and now tries to hold the ground. The nearest resistance lies at 1.0418/ The moving averages are showing the forming of the bullish tendency.
On the 15-minute chart:
During the Asian session, the pair formed the channel of intraday ascending trend between the lines 1 and 2. Traders will continue to bull the market until the pair operates within the channel.
The pair is remaining to correct in the bearish channel between the lines 1 and 2. The correction restricts by the lines 3 and 4. The Moving Averages gave a bullish signal.
On the 1-hour chart:
The pair dropped to the support level 1.5925 in the second part of Thursday. After that it was the leap to the level 1.5695 and the next recoil downwards. The Moving Averages show the slowdown of the growth.
On the 15-minute chart:
The price is moving in the direction of the support line of the correction channel 1 at the moment. The break through the line will be the first reverse signal. The foothold below the level 1.5925 will be a signal for sales. The purchases will continue after the break through the level 1.5968.
The dynamics in the direction of the break through the line 2 is remaining. The price reached the level 1.2900 during the increase. The Moving Averages confirm a bullish trend.
On the 1-horu chart:
It had been formed a bullish channel between the lines 1 and 2 after the break through the line 3. The foothold above the line 4 and the break through the level 1.2870 was the signals for the confirmation of the growth. The Moving Averages signalizes about an upward tendency.
On the 15-minute chart:
The price is recoiling from the level 1.2900. The signals for the reverse downwards will be the breaks through the support line of the bullish channel 1 and through the level 1.2870. If the pair could increase above the resistance level players will start the purchases.
Flat between the resistance area 0.9979/86 and support level 0.9956 finished by piercing the later. After that, the pair lost about 40 pips more. The two-week low was recorded at 0.9913. The moving averages are showing the activation of bearish trend.
On the 1-hour chart:
The pair found a support at the level 0.9920 and now continues its testing. The moving averages are still showing the descending trend resumption.
On the 15-minute chart:
The pair recorded the session high at 0.9933. In case of piercing of support 0.9920, traders will continue to sell, while the piercing of the level 0.9933 will be a bullish signal.
The pair continued the forming of the descending trend between the resistance line 1 and support line 2. The nearest key support level lies at 81.38. The moving averages are showing the correction of middle-term ascending tendency.
On the 1-hour chart:
The pair is lowering within the short-term descending trend channel between the lines 1 and 2. The price pierced the support line 3 and now tries to gain a foothold below. The moving averages are showing the consolidation of pair.
On the 15-minute chart:
During the Asian session, the pair formed the intraday bearish channel by the lines 1 and 2. The price recoiled from the support lines 2 and 3 and then started the correction of bearish tendency. Piercing of the line 1 will be a bullish signal for traders.
The price reached a support level 0.9275 at the end of Friday. The break through the support line 3 had been a signal for the strengthening of the bearish tendency. The Moving Averages show the continuation of the decrease.
On the 1-hour chart:
The channel between the lines 2 and 3 had been formed after the break through the line 1. The correction between the support level and the resistance 0.9295 started after the break through the level 0.9275. The Moving Averages confirms a bearish trend.
On the 15-minute chart:
The price moves in the flat channel between the levels 0.9275 and 0.9295. The break through the resistance level will be a signal for the deepening of the correction. The break through the support level will be a signal for sales.
