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Currency Majors Technical Analysis
Tue, Aug 5 2008, 06:04 GMT
European Session
EUR/USD - Euro Dollar
1,5542. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,5585. The downtrend should continue on 1,5400 support.
=> We could take a short position at 1,5550. We will put the stop loss above 1,5590 (-40 pips). The targets are 1,5500 (+50 pips) 1,5400 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5585 - 1,5625
Supports
1,5525 - 1,5500
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9598. GBP USD broke 1,9660 support. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9540 support.
=> We could take a short position at 1,9600. We will put the stop loss above 1,9640 (-40 pips). The targets are 1,9540 (+60 pips) 1,9500 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,9640 - 1,9660
Supports
1,9585 - 1,9540
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0418. USD CAD broke 1,0300 resistance. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,0560 resistance.
=> We could take a long position at 1,0410. We will put the stop loss below 1,0380 (-30 pips). The targets are 1,0450 (+40 pips) 1,0560 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0450 - 1,0500
Supports
1,0385 - 1,0350
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0518. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue to gather momentum.
=> We could take a long position at 1,0510. We will put the stop loss below 1,0475 (-35 pips). The targets are 1,0600 (+90 pips) 1,0640 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0520 - 1,0550
Supports
1,0480 - 1,0440
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
108,21. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 107,30 / 108,30 range. If the resistance is broken then the target will be 109,00. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
108,30 - 108,80
Supports
108,00 - 107,80
more information on USD/JPY - Dollar Yen Click Here
Published on Tue, Aug 5 2008, 06:08 GMT
Archive
- Currency Majors Technical Analysis
Published On Mon, Dec 1 2008, 14:30 GMT - Currency Majors Technical Analysis
Published On Mon, Dec 1 2008, 06:35 GMT - Currency Majors Technical Analysis
Published On Fri, Nov 28 2008, 06:29 GMT - Currency Majors Technical Analysis
Published On Thu, Nov 27 2008, 13:46 GMT - Currency Majors Technical Analysis
Published On Thu, Nov 27 2008, 06:31 GMT
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