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Currency Majors Technical Analysis
Thu, Aug 28 2008, 06:17 GMT
European Session
EUR/USD - Euro Dollar
1,4783. 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 daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4825. The price should continue to move in 1,4600 / 1,4825 range.
=> We could take a short position at 1,4780. We will put the stop loss above 1,4825 (-45 pips). The targets are 1,4720 (+60 pips) 1,4620 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,4800 - 1,4825
Supports
1,4725 - 1,4670
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,8346. 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. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,8360. We will put the stop loss above 1,8420 (-60 pips). The targets are 1,8270 (+90 pips) 1,8180 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,8400 - 1,8475
Supports
1,8300 - 1,8180
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0443. USD CAD is in a range between 1,0425 and 1,0500. 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
1,0460 - 1,0490
Supports
1,0425 - 1,0400
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,0932. USD CHF is in a range between 1,0910 and 1,1020. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,0850 (75 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0965 - 1,1020
Supports
1,0910 - 1,0850
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
109,05. USD JPY is in a range between 108,75 and 110,30. 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 Bollinger bands. We won't take a position.
Resistances
109,35 - 110,00
Supports
108,80 - 108,20
more information on USD/JPY - Dollar Yen Click Here
Published on Thu, Aug 28 2008, 06:18 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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