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Currency Majors Technical Analysis
Thu, Sep 4 2008, 13:36 GMT
American Session
EUR/USD - Euro Dollar
1,4478. 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. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should continue to move in 1,4400 / 1,4600 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4535 - 1,4600
Supports
1,4450 - 1,4390
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,7833. 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, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,7670 / 1,8000 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,7850 - 1,8000
Supports
1,7750 - 1,7670
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0590. USD CAD is in a consolidation after the last bearish movement. 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
1,0650 - 1,0770
Supports
1,0550 - 1,0470
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,1063. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,1100 - 1,1170
Supports
1,1020 - 1,0950
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
108,19. 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. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 107,60 / 109,10 range. 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, 13:37 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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