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Currency Majors Technical Analysis

Mon, Jan 5 2009, 07:24 GMT

Mataf.net  |  View company's profile

European Session

EUR/USD - Euro Dollar

1,3913. EUR USD is in a range between 1,3840 and 1,4030. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,3750 (163 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,3980 - 1,4030

Supports

1,3840 - 1,3750

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,4521. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,4550 - 1,4630

Supports

1,4390 - 1,4330

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

USD/CAD - US Dollar Canadian Dollar

1,2109. USD CAD is in a range between 1,2080 and 1,2280. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Oscillators are neutral. The price should continue to move in 1,2080 / 1,2280 range. If the support is broken then the target will be 1,1850 (259 pips).
We are waiting for a break of the support to take a short position.

Resistances

1,2160 - 1,2280

Supports

1,2080 - 1,1950

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

USD/CHF - Dollar Swiss Franc

1,0786. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,0850 (64 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0840 - 1,0910

Supports

1,0725 - 1,0615

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

USD/CHF - Dollar Swiss Franc

1,0786. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,0850 (64 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0840 - 1,0910

Supports

1,0725 - 1,0615

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

Published on  Mon, Jan 5 2009, 07:25 GMT

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