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Currency Majors Technical Analysis

Mon, Mar 31 2008, 05:02 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

1,5793. EUR USD is in a consolidation after the last bullish movement. The price is just bellow 1,5900 resistance. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,5725 / 1,5850 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5820 - 1,5860

Supports

1,5725 - 1,5650

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9926. GBP USD broke 2,0000 support. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The downtrend should continue on 1,9800 (120 pips) support.

Resistances

1,9975 - 2,0065

Supports

1,9880 - 1,9800

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

USD/CAD - US Dollar Canadian Dollar

1,0118. USD CAD 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 bullish configuration. The price should find a resistance below 1,0240. If the resistance is broken then the target will be 1,0300 (80 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0235 - 1,0250

Supports

1,0195 - 1,0130

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

USD/CHF - Dollar Swiss Franc

0,9963. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

0,9990 - 1,0050

Supports

0,9950 - 0,9890

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

USD/JPY - Dollar Yen

99,68. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The price should find a support above 98,70. If the support is broken then the target will be 97,00. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

100,00 - 100,90

Supports

99,10 - 98,70

more information on USD/JPY - Dollar Yen Click Here

Published on  Mon, Mar 31 2008, 05:04 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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