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Currency Majors Technical Analysis

Fri, Nov 21 2008, 13:57 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

American Session

EUR/USD - Euro Dollar

1,2584. 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 1,2430 / 1,2690 range. We won't take a position.

Resistances

1,2620 - 1,2690

Supports

1,2485 - 1,2430

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,4993. GBP USD broke 1,4890 resistance. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,4700 / 1,5120 range. We won't take a position.

Resistances

1,5060 - 1,5120

Supports

1,4815 - 1,4710

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

USD/CAD - US Dollar Canadian Dollar

1,2272. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,2640 / 1,2990 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2820 - 1,2990

Supports

1,2740 - 1,2640

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

USD/CHF - Dollar Swiss Franc

1,2186. 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 high. Bollinger bands are flat. ForexTrend 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 1,2150 (36 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2240 - 1,2290

Supports

1,2150 - 1,2100

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

USD/JPY - Dollar Yen

94,98. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 95,40 (42 pips). The consolidation should continue. We won't take a position.

Resistances

95,50 - 96,00

Supports

94,60 - 93,60

more information on USD/JPY - Dollar Yen Click Here

Published on  Fri, Nov 21 2008, 14:00 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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