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Currency Majors Technical Analysis
Tue, Aug 26 2008, 06:28 GMT
European Session
EUR/USD - Euro Dollar
1,4673. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,4680. We will put the stop loss above 1,4730 (-50 pips). The targets are 1,4630 (+50 pips) 1,4550 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,4725 - 1,4765
Supports
1,4675 - 1,4635
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,8435. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,8440. We will put the stop loss above 1,8490 (-50 pips). The targets are 1,8360 (+80 pips) 1,8310 (+130 pips) 1,8200 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,8490 - 1,8580
Supports
1,8410 - 1,8310
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0523. USD CAD is in a range between 1,0430 and 1,0530. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). 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
1,0525 - 1,0545
Supports
1,0495 - 1,0430
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,1004. USD CHF is in a range between 1,0830 and 1,1030. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1030 / 1,1050. If the resistance is broken then the target will be 1,1300.
We are waiting for a break of resistance to take a long position.
Resistances
1,1010 - 1,1030
Supports
1,0975 - 1,0925
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
109,70. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 108,20 / 110,30 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
109,75 - 110,30
Supports
109,10 - 108,20
more information on USD/JPY - Dollar Yen Click Here
Published on Tue, Aug 26 2008, 06:28 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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