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Currency Majors Technical Analysis

Wed, Jan 7 2009, 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

1,3721. EUR USD broke 1,3660 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3840 resistance (119 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,3750 - 1,3840

Supports

1,3560 - 1,3440

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,5087. GBP USD broke 1,4970 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,5200 resistance (113 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5130 - 1,5200

Supports

1,4970 - 1,4730

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

USD/CAD - US Dollar Canadian Dollar

1,1792. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,1760 (32 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1870 - 1,2000

Supports

1,1760 - 1,1730

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

USD/CHF - Dollar Swiss Franc

1,0916. USD CHF broke 1,0980 support. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,0750 support (166 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0540 - 1,1180

Supports

1,0850 - 1,0750

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

USD/JPY - Dollar Yen

92,53. USD JPY broke 92,85 support. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 91,80 support (73 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

93,00 - 93,35

Supports

92,00 - 90,80

more information on USD/JPY - Dollar Yen Click Here

Published on  Wed, Jan 7 2009, 13:57 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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