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Currency Majors Technical Analysis

Tue, Feb 26 2008, 06:49 GMT

Mataf.net


Mataf.net

More technical analysis about: EUR/USD, USD/CHF, USD/JPY, GBP/USD, AUD/USD, USD/CAD, EUR/CHF, EUR/JPY, EUR/GBP, EUR/AUD, EUR/CAD

European Session

EUR/USD - Euro Dollar

1,4818. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,4930 resistance. The price should find a support above 1,4790.

Resistances

1,4840 - 1,4860

Supports

1,4810 - 1,4790

more information on EUR/USD - Euro Dollar Click Here

GBP/JPY - British Pound Yen

212,15. GBP JPY broke 212,00 resistance. GBP JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 213,00. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

212,75 - 213,40

Supports

212,00 - 211,00

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

GBP/USD - British Pound Dollar

1,9655. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a support above 1,9610. If the support is broken then the target will be 1,9400.

Resistances

1,9665 - 1,9710

Supports

1,9645 - 1,9610

more information on GBP/USD - British Pound Dollar Click Here

USD/CAD - US Dollar Canadian Dollar

0,9974. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 0,9940. If the support is broken then the target will be 0,9500 (475 pips).

Resistances

0,9990 - 1,0010

Supports

0,9940 - 0,9920

more information on USD/CAD - US Dollar Canadian Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,0898. USD CHF is in a range between 1,0840 and 1,0920. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,0910 - 1,0920

Supports

1,0865 - 1,0835

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

Published on  Tue, Feb 26 2008, 06:56 GMT


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All Technical Analysis and resulting conclusions and observations are based upon historical chart formations and patterns. Therefore, observations are a function of each analyst’s interpretation of the charts. What has happened 75% of the times in the past per a particular chart pattern does not mean it will always recur in the future. It logically follows that historical precedent does not guarantee future results. Conclusions expressed in the technical analysis section are personal opinions of the analysts; and may not be construed as recommendations to buy or sell anything.


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