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Currency Majors Technical Analysis
Thu, Aug 7 2008, 06:10 GMT
European Session
EUR/USD - Euro Dollar
1,5435. 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 decreases. Bollinger bands are tightened. 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 1,5450. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5440. We will put the stop loss above 1,5470 (-30 pips). The targets are 1,5375 (+65 pips) 1,5330 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5450 - 1,5500
Supports
1,5400 - 1,5375
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9477. GBP USD broke 1,9500 support. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9400 support.
=> We could take a short position at 1,9480. We will put the stop loss above 1,9515 (-35 pips). The targets are 1,9430 (+50 pips) 1,9400 (+80 pips) 1,9370 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,9515 - 1,9560
Supports
1,9465 - 1,9400
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0470. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 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 1,0470. We will put the stop loss below 1,0430 (-40 pips). The targets are 1,0510 (+40 pips) 1,0550 (+80 pips) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,0500 - 1,0550
Supports
1,0460 - 1,0445
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0576. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,0550. The uptrend should continue to gather momentum.
=> We could take a long position at 1,0570. We will put the stop loss below 1,0540 (-30 pips). The targets are 1,0630 (+60 pips) 1,0670 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,0610 - 1,0630
Supports
1,0570 - 1,0540
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
109,61. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. 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 109,20. The uptrend should continue to gather momentum.
=> We could take a long position at 109,50. We will put the stop loss below 109,20 (-30 pips). The targets are 110,20 (+70 pips) 111,00 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
109,90 - 110,20
Supports
109,20 - 108,50
more information on USD/JPY - Dollar Yen Click Here
Published on Thu, Aug 7 2008, 06:10 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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