Premium
- New York
- London
- Barcelona
- Tokyo
- Sydney
Search
0
0
Currency Majors Technical Analysis
Wed, Jul 2 2008, 05:59 GMT
European Session
EUR/USD - Euro Dollar
1,5806. EUR USD 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, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5800. We will put the stop loss below 1,5760 (-40 pips). The targets are 1,5900 (+100 pips) 1,6000 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5830 - 1,5900
Supports
1,5780 - 1,5735
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9947. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,9900. The uptrend should continue on 2,0180 resistance.
=> We could take a long position at 1,9945. We will put the stop loss below 1,9900 (-45 pips). The targets are 2,0000 (+55 pips) 2,0065 (+120 pips) 2,0180 (+235 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
2,0010 - 2,0050
Supports
1,9925 - 1,9900
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0195. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The price should continue to move in 1,0160 / 1,0250 range. We won't take a position.
Resistances
1,0205 - 1,0235
Supports
1,0170 - 1,0145
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0171. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0170. We will put the stop loss above 1,0220 (-50 pips). The targets are 1,0100 (+70 pips) 1,0000 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0190 - 1,0215
Supports
1,0135 - 1,0100
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
105,82. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 105,00 and 106,40. The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 105,00 / 106,40 range. If the support is broken then the target will be 104,50. We won't take a position.
Resistances
106,20 - 106,40
Supports
105,35 - 105,00
more information on USD/JPY - Dollar Yen Click Here
Published on Wed, Jul 2 2008, 06:01 GMT
Archive
- Currency Majors Technical Analysis
Published On Mon, Oct 6 2008, 12:54 GMT - Currency Majors Technical Analysis
Published On Mon, Oct 6 2008, 05:42 GMT - Currency Majors Technical Analysis
Published On Fri, Oct 3 2008, 12:15 GMT - Currency Majors Technical Analysis
Published On Fri, Oct 3 2008, 06:11 GMT - Currency Majors Technical Analysis
Published On Thu, Oct 2 2008, 05:24 GMT
Mataf.net
| 25 Rue Bayard 38140 IZEAUX
http://www.mataf.net/en/ | forex@mataf.net
Legal disclaimer and risk disclosure
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.Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.