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Currency Majors Technical Analysis
Thu, Nov 13 2008, 06:04 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
1,2469. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,2350 support (119 pips). If the support is broken then the target will be 1,2100 (369 pips).
=> We could take a short position at 1,2470. We will put the stop loss above 1,2525 (-55 pips). The targets are 1,2350 (+120 pips, risk/reward 1:2.2), 1,2150 (+320 pips, risk/reward 1:5.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,2510 - 1,2635
Supports
1,2440 - 1,2350
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,4890. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,4890. We will put the stop loss above 1,5010 (-120 pips). The targets are 1,4700 (+190 pips, risk/reward 1:1.6), 1,4450 (+440 pips, risk/reward 1:3.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,4980 - 1,5070
Supports
1,4840 - 1,4650
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,2346. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,2430 (84 pips). The consolidation should continue. If the resistance is broken then the target will be 1,2750 (404 pips).
We are waiting for a break of the resistance to take a long position.
Resistances
1,2420 - 1,2540
Supports
1,2260 - 1,2150
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,1871. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,1800 (71 pips). The uptrend should continue on 1,2000 resistance (129 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,1890 - 1,1925
Supports
1,1840 - 1,1800
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
95,73. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The consolidation should continue. The price should continue to move in 94,50 / 96,10 range. If the support is broken then the target will be 92,00 (373 pips).
We are waiting for a break of the support to take a short position.
Resistances
96,10 - 97,20
Supports
94,50 - 93,50
more information on USD/JPY - Dollar Yen Click Here
Published on Thu, Nov 13 2008, 06:05 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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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
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