Search
0
0
Currency Majors Technical Analysis
Mon, Oct 6 2008, 05:42 GMT
European Session
EUR/USD - Euro Dollar
1,3610. EUR USD broke 1,3720 support. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,3650. We will put the stop loss above 1,3740 (-90 pips). The targets are 1,3540 (+110 pips, risk/reward 1:1.2), 1,3500 (+150 pips, risk/reward 1:1.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,3660 - 1,3785
Supports
1,3600 - 1,3540
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,7576. 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 high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,7550 (26 pips). If the support is broken then the target will be 1,7270 (306 pips).
We are waiting for a break of the support to take a short position.
Resistances
1,7705 - 1,7850
Supports
1,7550 - 1,7425
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0893. USD CAD 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 (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue to gather momentum.
=> We could take a long position at 1,0865. We will put the stop loss below 1,0770 (-95 pips). The targets are 1,0950 (+85 pips, risk/reward 1:0.9), 1,1000 (+135 pips, risk/reward 1:1.4) .
Resistances
1,0900 - 1,0950
Supports
1,0860 - 1,0730
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,1338. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1410 (72 pips). The consolidation should continue. The price should continue to move in Bollinger bands. If the resistance is broken then the target will be 1,1600 (262 pips).
We are waiting for a break of the resistance to take a long position.
Resistances
1,1410 - 1,1490
Supports
1,1305 - 1,1250
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
103,19. USD JPY broke 103,50 support. The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 103,00 (19 pips). The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
103,50 - 104,85
Supports
103,00 - 102,50
more information on USD/JPY - Dollar Yen Click Here
Published on Mon, Oct 6 2008, 05:43 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
Mataf.net
| 325 Rue Parmentier 38140 Izeaux
http://www.mataf.net/en/ | forex@mataf.net
Legal disclaimer and risk disclosure
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.Related reports
Market Session Recaps - New York Session by FOREX.com
Mon, Dec 1 2008, 22:28 GMT
U.S. Forex Market Commentary by GCI
Mon, Dec 1 2008, 22:25 GMT
Daily Forex Technical Report by ActionForex.com
Mon, Dec 1 2008, 15:38 GMT
The Energy Report - OPEC Holiday Wish by Alaron
Mon, Dec 1 2008, 15:33 GMT
Market Directions - The Yen Without Qualities by FX Solutions
Mon, Dec 1 2008, 14:35 GMT
eurusd, usdcad, gbpusd, usdchf, usdjpy
View AllRelated content
ANALYSIS-Any UK euro entry bets to show up in FX, bond prices
Thomson Financial News | Mon, Dec 1 2008, 16:29 GMT
UPDATE 1-US manufacturing sags to weakest since 1982-ISM
Thomson Financial News | Mon, Dec 1 2008, 15:53 GMT
UPDATE 2-Canada's economy rebounds in Q3, but recession seen
Thomson Financial News | Mon, Dec 1 2008, 15:49 GMT
UPDATE 1-U.S. Oct construction spending falls 1.2 percent
Thomson Financial News | Mon, Dec 1 2008, 15:44 GMT
INSTANT VIEW 3-U.S. manufacturing tumbled in November
Thomson Financial News | Mon, Dec 1 2008, 15:34 GMT
eurusd, usdcad, gbpusd, usdchf, usdjpy
View All
Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.