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Currency Majors Technical Analysis
Wed, Aug 6 2008, 06:22 GMT
European Session
EUR/USD - Euro Dollar
1,5498. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,5530. The downtrend should continue on 1,5350 support.
=> We could take a short position at 1,5510. We will put the stop loss above 1,5540 (-30 pips). The targets are 1,5450 (+60 pips) 1,5350 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5530 - 1,5550
Supports
1,5450 - 1,5420
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9558. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,9525. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9585 - 1,9605
Supports
1,9525 - 1,9470
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0427. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,0410. The uptrend should continue to gather momentum.
=> We could take a long position at 1,0420. We will put the stop loss below 1,0385 (-35 pips). The targets are 1,0500 (+80 pips) 1,0550 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,0450 - 1,0500
Supports
1,0410 - 1,0385
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0512. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,0500. The uptrend should continue to gather momentum.
=> We could take a long position at 1,0510. We will put the stop loss below 1,0480 (-30 pips). The targets are 1,0570 (+60 pips) 1,0600 (+90 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0530 - 1,0560
Supports
1,0500 - 1,0490
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
108,26. USD JPY is in a range between 107,80 and 108,50. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a support above 108,15. The uptrend should continue to gather momentum. The price should find a resistance below 108,60. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
108,50 - 108,60
Supports
108,15 - 107,80
more information on USD/JPY - Dollar Yen Click Here
Published on Wed, Aug 6 2008, 06:23 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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