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Currency Majors Technical Analysis
Wed, May 7 2008, 05:01 GMT
European Session
EUR/USD - Euro Dollar
1,5506. EUR USD 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. The risk/reward ratio is too high to take a position..
Resistances
1,5520 - 1,5565
Supports
1,5485 - 1,5435
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9703. There is an horizontal range between 1,9670 and 1,9780. Support and resistance are given by Bollinger bands. GBP USD 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. The risk/reward ratio is too high to take a position..
Resistances
1,9725 -1,9780
Supports
1,9685 - 1,9640
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0033. USD CAD broke 1,0060 support. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,0000. If the support is broken then the target will be 0,9900 (130 pips).
Resistances
1,0055 - 1,0110
Supports
1,0000 - 0,9900
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0524. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,0600. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0540 - 1,0600
Supports
1,0500 - 1,0455
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
104,77. USD JPY is in an uptrend supported by 4H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. Oscillators are neutral. 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
105,00 - 105,70
Supports
104,65 - 104,15
more information on USD/JPY - Dollar Yen Click Here
Published on Wed, May 7 2008, 05:02 GMT
Archive
- Currency Majors Technical Analysis
Published On Fri, May 16 2008, 05:00 GMT - Currency Majors Technical Analysis
Published On Thu, May 15 2008, 05:08 GMT - Currency Majors Technical Analysis
Published On Wed, May 14 2008, 05:00 GMT - Currency Majors Technical Analysis
Published On Tue, May 13 2008, 05:08 GMT - Currency Majors Technical Analysis
Published On Mon, May 12 2008, 12:56 GMT
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