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Currency Majors Technical Analysis

Mon, Apr 28 2008, 12:26 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

American Session

EUR/USD - Euro Dollar

1,5626. EUR USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,5590 and 1,5700. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a support above 1,5600. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5700 - 1,5840

Supports

1,5625 - 1,5570

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9907. GBP USD is in a range between 1,9680 and 2,0000. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,9680 / 2,0000 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,9940 - 2,0000

Supports

1,9800 - 1,9680

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

USD/CAD - US Dollar Canadian Dollar

1,0140. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,0070 / 1,0210 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0160 - 1,0210

Supports

1,0100 - 1,0070

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

USD/CHF - Dollar Swiss Franc

1,0140. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,0070 / 1,0210 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0160 - 1,0210

Supports

1,0100 - 1,0070

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

USD/JPY - Dollar Yen

104,65. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 104,10 and 104,80. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 104,80. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

104,80 - 105,00

Supports

104,40 - 104,10

more information on USD/JPY - Dollar Yen Click Here

Published on  Mon, Apr 28 2008, 12:28 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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