Currency Majors Technical Analysis

Tue, Jul 22 2008, 13:30 GMT

Mataf.net


American Session

EUR/USD - Euro Dollar

1,5882. EUR USD is in a range between 1,5800 and 1,5950. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5800 / 1,5950 range. We won't take a position.

Resistances

1,5910 - 1,5950

Supports

1,5870 - 1,5800

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0004. GBP USD is in a range between 1,9910 and 2,0070. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

2,0070 - 2,0120

Supports

1,9990 - 1,9910

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

USD/CAD - US Dollar Canadian Dollar

1,0038. USD CAD is in a range between 0,9995 and 1,0075. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 0,9995 / 1,0075 range. We won't take a position.

Resistances

1,0060 - 1,0075

Supports

1,0025 - 0,9995

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

USD/CHF - Dollar Swiss Franc

1,0201. USD CHF is in a range between 1,0140 and 1,0240. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,0140 / 1,0240 range. We won't take a position.

Resistances

1,0210 - 1,0240

Supports

1,0140 - 1,0050

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

USD/JPY - Dollar Yen

106,72. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 107,00. The consolidation should continue. We won't take a position.

Resistances

107,00 - 107,15

Supports

106,60 - 106,00

more information on USD/JPY - Dollar Yen Click Here

Published on  Tue, Jul 22 2008, 13:31 GMT

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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.

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