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Currency Majors Technical Analysis

Mon, Sep 8 2008, 12:01 GMT

Mataf.net


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/CAD

European Session

EUR/USD - Euro Dollar

1,4223. 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 flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4200. If the support is broken then the target will be 1,4000 (200 pips).
We are waiting for a break of support to take a short position.

Resistances

1,4280 - 1,4430

Supports

1,4200 - 1,4000

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,7634. 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 high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,7550 / 1,7980 range. If the support is broken then the target will be 1,7250.
We are waiting for a break of support to take a short position.

Resistances

1,7675 - 1,7980

Supports

1,7550 - 1,7250

more information on GBP/USD - British Pound Dollar Click Here

USD/CAD - US Dollar Canadian Dollar

1,0621. 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). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,0670 - 1,0730

Supports

1,0550 - 1,0440

more information on USD/CAD - US Dollar Canadian Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,1284. USD CHF is in an uptrend supported by 1H 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. 1H,, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1300. If the resistance is broken then the target will be 1,1600 (300 pips).
We are waiting for a break of resistance to take a long position.

Resistances

1,1300 - 1,1600

Supports

1,1200 - 1,1120

more information on USD/CHF - Dollar Swiss Franc Click Here

USD/JPY - Dollar Yen

108,65. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The consolidation should continue. We won't take a position.

Resistances

109,20 - 110,80

Supports

108,25 - 107,30

more information on USD/JPY - Dollar Yen Click Here

Published on  Mon, Sep 8 2008, 12:02 GMT


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All Technical Analysis and resulting conclusions and observations are based upon historical chart formations and patterns. Therefore, observations are a function of each analyst’s interpretation of the charts. What has happened 75% of the times in the past per a particular chart pattern does not mean it will always recur in the future. It logically follows that historical precedent does not guarantee future results. Conclusions expressed in the technical analysis section are personal opinions of the analysts; and may not be construed as recommendations to buy or sell anything.


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