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

• Send
• Print
• Add To
• Rss

4a2643c5-fb2e-417a-9e58-4ed03f5cb506

12

0

Currency Majors Technical Analysis

Mon, Dec 1 2008, 14:30 GMT

Mataf.net

American Session

EUR/USD - Euro Dollar

1,2610. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,2440 support (170 pips).
=> We could take a short position at 1,2620. We will put the stop loss above 1,2710 (-90 pips). The targets are 1,2450 (+170 pips, risk/reward 1:1.9), 1,2400 (+220 pips, risk/reward 1:2.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,2710 - 1,2760

Supports

1,2575 - 1,2450

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,4974. GBP USD broke 1,5260 support. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,4660 support (314 pips). The price should find a support above 1,4850 (124 pips).
=> We could take a short position at 1,5000. We will put the stop loss above 1,5080 (-80 pips). The targets are 1,4850 (+150 pips, risk/reward 1:1.9), 1,4660 (+340 pips, risk/reward 1:4.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,5065 - 1,5260

Supports

1,4960 - 1,4850

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

USD/CAD - US Dollar Canadian Dollar

1,2447. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,2480 - 1,2630

Supports

1,2380 - 1,2300

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

USD/CHF - Dollar Swiss Franc

1,2131. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,2060 (71 pips). The uptrend should continue on 1,2300 resistance (169 pips).
=> We could take a long position at 1,2110. We will put the stop loss below 1,2050 (-60 pips). The targets are 1,2200 (+90 pips, risk/reward 1:1.5), 1,2300 (+190 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,2200 - 1,2280

Supports

1,2060 - 1,1960

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

USD/JPY - Dollar Yen

94,06. USD JPY broke 94,75 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 93,60 (46 pips). If the support is broken then the target will be 91,00 (306 pips).
We are waiting for a break of the support to take a short position.

Resistances

94,15 - 94,75

Supports

93,60 - 91,00

more information on USD/JPY - Dollar Yen Click Here

Published on  Mon, Dec 1 2008, 14:31 GMT