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Currency Majors Technical Analysis

Thu, Jan 15 2009, 06:35 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

European Session

EUR/USD - Euro Dollar

1,3193. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,3240 (47 pips). The downtrend should continue to gather momentum.

Resistances

1,3220 - 1,3325

Supports

1,3095 - 1,3000

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,4618. There is an horizontal range between 1,4535 and 1,4650. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,4660 - 1,4815

Supports

1,4535 - 1,4475

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

USD/CAD - US Dollar Canadian Dollar

1,2452. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,2420 (32 pips). The uptrend should continue to gather momentum.

Resistances

1,2500 - 1,2600

Supports

1,2420 - 1,2350

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

USD/CHF - Dollar Swiss Franc

1,1151. USD CHF is in a range between 1,1100 and 1,1245. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1180 - 1,1245

Supports

1,1135 - 1,1100

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

USD/JPY - Dollar Yen

89,00. USD JPY is in an downtrend directed by 1H exponential moving averages. 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. The price should find a support above 88,70 (30 pips). If the support is broken then the target will be 85,00 (400 pips).

Resistances

89,25 - 90,20

Supports

88,70 - 87,90

more information on USD/JPY - Dollar Yen Click Here

Published on  Thu, Jan 15 2009, 06:36 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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