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Currency Majors Technical Analysis
Thu, Nov 20 2008, 14:30 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/CADAmerican Session
EUR/USD - Euro Dollar
1,2528. EUR USD broke 1,2590 support. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,2445 (83 pips). The consolidation should continue. If the support is broken then the target will be 1,2000 (528 pips).
We are waiting for a break of the support to take a short position.
Resistances
1,2600 - 1,2690
Supports
1,2445 - 1,2330
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,4847. 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 decreases. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,4800 / 1,5100 range. We won't take a position.
Resistances
1,5000 - 1,5095
Supports
1,4800 - 1,4670
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,2670. USD CAD broke 1,2420 resistance. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,3000 resistance (330 pips).
=> We could take a long position at 1,2650. We will put the stop loss below 1,2530 (-120 pips). The targets are 1,2820 (+170 pips, risk/reward 1:1.4), 1,3000 (+350 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,2700 - 1,2820
Supports
1,2630 - 1,2515
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,2192. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. 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 support above 1,2100 (92 pips). The uptrend should continue on 1,2500 resistance (308 pips).
=> We could take a long position at 1,2180. We will put the stop loss below 1,2090 (-90 pips). The targets are 1,2300 (+120 pips, risk/reward 1:1.3), 1,2500 (+320 pips, risk/reward 1:3.6) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,2230 - 1,2300
Supports
1,2150 - 1,2100
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/JPY - Dollar Yen
95,21. USD JPY broke 96,00 support. 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 price should find a resistance below 96,00 (79 pips). The downtrend should continue on 93,00 support (221 pips).
=> We could take a short position at 95,30. We will put the stop loss above 96,10 (-80 pips). The targets are 94,50 (+80 pips, risk/reward 1:1), 93,00 (+230 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
95,90 - 96,20
Supports
95,00 - 94,50
more information on USD/JPY - Dollar Yen Click Here
Published on Thu, Nov 20 2008, 14:30 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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