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Currency Majors Technical Analysis
Mon, Sep 8 2008, 05:27 GMT
Mataf.net
More technical analysis about: EUR/USD, USD/CHF, USD/JPY, GBP/USD, AUD/USD, USD/CAD, EUR/CHF, EUR/JPY, EUR/GBP, EUR/AUD, EUR/CADEuropean Session
EUR/USD - Euro Dollar
1,4404. EUR USD broke 1,4640 resistance. 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 high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 1,4220 / 1,4510 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4430 - 1,4510
Supports
1,4300 - 1,4220
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,7903. GBP USD broke 1,7750 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should continue to move in 1,7750 / 1,8150 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,7980 - 1,8050
Supports
1,7800 - 1,7750
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0570. USD CAD is in a range between 1,0550 and 1,0730. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,5050. If the support is broken then the target will be 1,0440. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0620 - 1,0730
Supports
1,0550 - 1,0440
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,1154. USD CHF is in an uptrend supported by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,1300 resistance.
=> We could take a long position at 1,1150. We will put the stop loss below 1,1100 (-50 pips). The targets are 1,1240 (+90 pips) 1,1300 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,1200 - 1,1240
Supports
1,1130 - 1,1100
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
108,76. USD JPY broke 107,30 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are deviated. The price should continue to move in 107,60 / 109,50 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
109,00 - 109,50
Supports
108,25 - 107,30
more information on USD/JPY - Dollar Yen Click Here
Published on Mon, Sep 8 2008, 05:28 GMT
Archive
- Currency Majors Technical Analysis
Published On Fri, Jul 3 2009, 05:30 GMT - Currency Majors Technical Analysis
Published On Thu, Jul 2 2009, 12:14 GMT - Currency Majors Technical Analysis
Published On Thu, Jul 2 2009, 05:48 GMT - Currency Majors Technical Analysis
Published On Wed, Jul 1 2009, 05:04 GMT - Currency Majors Technical Analysis
Published On Tue, Jun 30 2009, 12:40 GMT
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