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Currency Majors Technical Analysis
Wed, Jul 2 2008, 12:43 GMT
American Session
EUR/USD - Euro Dollar
1,5843. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,6000 (150 pips) resistance.
=> We could take a long position at 1,5840. We will put the stop loss below 1,5800 (-40 pips). The targets are 1,5900 (+60 pips) 1,6000 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5850 - 1,5900
Supports
1,5800 - 1,5780
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9903. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,9840 / 2,0000 range. If the resistance is broken then the target will be 2,0180.
We are waiting for a break of resistance to take a long position.
Resistances
1,9940 - 2,0000
Supports
1,9840 - 1,9800
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0205. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 1,0150 and 1,0235. 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
1,0235 - 1,0280
Supports
1,0150 - 1,0050
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0198. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. USD CHF is in a range between 1,0140 and 1,0230. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0230. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0200. We will put the stop loss above 1,0240 (-40 pips). The targets are 1,0100 (+100 pips) 1,0000 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0230 - 1,0270
Supports
1,0140 - 1,0100
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
106,30. USD JPY broke 206,00 resistance. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
106,80 - 107,20
Supports
106,00 - 105,50
more information on USD/JPY - Dollar Yen Click Here
Published on Wed, Jul 2 2008, 12:45 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
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