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Currency Majors Technical Analysis

Wed, Oct 15 2008, 05:59 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

1,3584. EUR USD is in a range between 1,3460 and 1,3785. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,3630 - 1,3785

Supports

1,3460 - 1,3290

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,7462. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The price should find a resistance below 1,7650 (188 pips). The consolidation should continue. We won't take a position.

Resistances

1,7475 - 1,7650

Supports

1,7380 - 1,7250

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

USD/CAD - US Dollar Canadian Dollar

1,1613. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,1350 / 1,1880 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1675 - 1,1810

Supports

1,1535 - 1,1350

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

USD/CHF - Dollar Swiss Franc

1,1374. USD CHF is in a range between 1,1250 and 1,1420. USD CHF 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

1,1400 - 1,1420

Supports

1,1345 - 1,1250

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

USD/JPY - Dollar Yen

101,63. USD JPY is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

102,15 - 103,10

Supports

101,20 - 99,90

more information on USD/JPY - Dollar Yen Click Here

Published on  Wed, Oct 15 2008, 06:01 GMT


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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.

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