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Currency Majors Technical Analysis

Tue, Nov 20 2007, 13:31 GMT

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American Session

EUR/USD - Euro Dollar

1,4798. EUR USD broke 1,4680 resistance. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4900 (+100 pips) resistance.

Resistances

1,4800 - 1,4900

Supports

1,4730 - 1,4680

more information on EUR/USD - Euro Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,1093. USD CHF broke 1,1150 support. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,1000 (90 pips) support.

Resistances

1,1115 - 1,1150

Supports

1,1070 - 1,1000

more information on USD/CHF - Dollar Swiss Franc Click Here

EUR/AUD - Euro Australian Dollar

1,6660. EUR AUD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR AUD. The uptrend should continue on 1,6800 (140 pips) resistance. The price should find a resistance below 1,6750. We won't take a position.

Resistances

1,6710 - 1,6750

Supports

1,6535 - 1,6410

more information on EUR/AUD - Euro Australian Dollar Click Here

GBP/JPY - British Pound Yen

227,02. GBP JPY is in a range between 224,40 and 228,30. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The oscillators indicate an overbought state. The price should find a resistance below 228,30. The trend should reverse. The target is expected at 224,40.
=> We could take a short position at 227,10. We will put the stop loss above 228,10 (-100 pips). The targets are 226,00 (+110 pips) 224,40 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

228,00 - 228,50

Supports

226,70 - 226,00 - 224,40

more information on GBP/JPY - British Pound Yen Click Here

EUR/JPY - Euro Yen

162,85. EUR JPY is in a range between 160,70 and 163,50. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. The oscillators indicate an overbought state. The price should find a resistance below 163,30/50. The trend should reverse. The target is expected at 160,70 (215 pips).
=> We could take a short position at 162,90. We will put the stop loss above 163,55 (-65 pips). The targets are 161,60 (+130 pips) 160,70 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances

163,30 - 163,50

Supports

162,45 - 161,60

more information on EUR/JPY - Euro Yen Click Here

Published on  Tue, Nov 20 2007, 13:32 GMT

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