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Currency Majors Technical Analysis
Thu, Sep 4 2008, 06:37 GMT
European Session
EUR/USD - Euro Dollar
1,4506. 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. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,4390. The consolidation should continue. The price should continue to move in 1,4390 / 1,4550 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4535 - 1,4555
Supports
1,4475 - 1,4390
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,7798. 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, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,7670. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,7830 - 1,7900
Supports
1,7710 - 1,7670
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0596. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 1,0440 support.
=> We could take a short position at 1,0600. We will put the stop loss above 1,0650 (-50 pips). The targets are 1,0530 (+70 pips) 1,0450 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,0650 - 1,0770
Supports
1,0580 - 1,0450
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,1035. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should continue to move in 1,0850 / 1,1100 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,1075 - 1,1100
Supports
1,1035 - 1,0950
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
108,06. USD JPY is in a range between 107,60 and 109,10. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 107,60. We won't take a position.
Resistances
108,50 - 109,10
Supports
108,00 - 107,60
more information on USD/JPY - Dollar Yen Click Here
Published on Thu, Sep 4 2008, 06:38 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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