• Home ::
• Technical ::
• Analysis Reports ::
• Currency Majors Technical Analysis

Currency Majors Technical Analysis

Tue, Nov 18 2008, 06:34 GMT

Mataf.net  |  View company's profile

European Session

EUR/USD - Euro Dollar

1,2601. EUR USD is in a range between 1,2435 and 1,2850. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2435 / 1,2830 range. We won't take a position.

Resistances

1,2745 - 1,2850

Supports

1,2515 - 1,2435

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,4996. 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 low. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4780 / 1,5170 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5060 - 1,5170

Supports

1,4910 - 1,4780

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

USD/CAD - US Dollar Canadian Dollar

1,2310. USD CAD is in a range between 1,2090 and 1,2420. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. The price should find a resistance below 1,2420 (110 pips). If the resistance is broken then the target will be 1,2800 (490 pips).
We are waiting for a break of the resistance to take a long position.

Resistances

1,2330 - 1,2420

Supports

1,2235 - 1,2090

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

USD/CHF - Dollar Swiss Franc

1,2004. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. 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 resistance below 1,2010 (6 pips). The consolidation should continue. If the resistance is broken then the target will be 1,2090 (86 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2010 - 1,2090

Supports

1,1970 - 1,1910

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

USD/JPY - Dollar Yen

96,66. There is an horizontal range between 96,25 and 97,15. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 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

97,15 - 98,15

Supports

96,25 - 94,50

more information on USD/JPY - Dollar Yen Click Here

Published on  Tue, Nov 18 2008, 06:35 GMT

Vote:

222dd3e3-1d37-4b36-b9a4-ac4df79b1f4c

22

0

• Send
• Print
• Add To
• Rss