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Currency Majors Technical Analysis

Fri, Jan 30 2009, 13:27 GMT

Mataf.net  |  View company's profile


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

1,2826. EUR USD broke 1,3050 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,2725 support (101 pips).

Resistances

1,2880 - 1,2990

Supports

1,2810 - 1,2750

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,4289. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,4075 and 1,4360. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,4360 - 1,4435

Supports

1,4195 - 1,4075

GBP/USD - British Pound Dollar

USD/CAD - US Dollar Canadian Dollar

1,2395. USD CAD broke 1,2330 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue to gather momentum. The price should find a resistance below 1,2520 (125 pips).

Resistances

1,2520 - 1,2650

Supports

1,2330 - 1,2230

USD/CAD - US Dollar Canadian Dollar

USD/CHF - Dollar Swiss Franc

1,1606. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,1500 / 1,1680 range.

Resistances

1,1650 - 1,1680

Supports

1,1580 - 1,1520

USD/CHF
  - Dollar Swiss Franc

USD/JPY - Dollar Yen

89,72. USD JPY is in a range between 88,50 and 90,70. USD JPY 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

90,25 - 90,70

Supports

89,30 - 88,50

USD/JPY - Dollar Yen


Archive


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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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