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Currency Majors Technical Analysis
Wed, Aug 27 2008, 13:25 GMT
American Session
EUR/USD - Euro Dollar
1,4735. 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 is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4600 / 1,4800 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4775 - 1,4800
Supports
1,4700 - 1,4600
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,8451. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,8330 / 1,8500 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,8480 - 1,8600
Supports
1,8400 - 1,8330
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0450. USD CAD is in a range between 1,0430 and 1,0565. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,0350. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0490 - 1,0560
Supports
1,0430 - 1,0400
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0960. USD CHF is in a range between 1,0920 and 1,1090. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,1020 - 1,1090
Supports
1,0920 - 1,0850
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
109,53. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Oscillators are neutral. The price should continue to move in 108,70 / 110,30 range. We won't take a position.
Resistances
109,90 - 110,30
Supports
108,75 - 108,20
more information on USD/JPY - Dollar Yen Click Here
Published on Wed, Aug 27 2008, 13:26 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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