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Currency Majors Technical Analysis

Thu, Feb 19 2009, 13:59 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

AUD/USD - Australian Dollar US Dollar

0,6510. AUD USD broke 0,6420 resistance. The volatility is high. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. The uptrend should continue on 0,6530 resistance (20 pips). If the resistance breaks then the target will be 0,6640 (130 pips).

Resistances

0,6530 - 0,6640

Supports

0,6420 - 0,6340

AUD/USD - Australian Dollar US Dollar

EUR/AUD - Euro Australian Dollar

1,9549. EUR AUD broke 1,9640 support. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue on 1,9450 support (99 pips).

Resistances

1,9640 - 1,9850

Supports

1,9525 - 1,9440

EUR/AUD - Euro Australian Dollar

EUR/CAD - Euro Canadian Dollar

1,5917. EUR CAD is in a range between 1,5785 and 1,6000. EUR CAD 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 1,5785 / 1,6000 range.

Resistances

1,5950 - 1,6000

Supports

1,5850 - 1,5785

EUR/CAD - Euro Canadian Dollar

EUR/CHF - Euro Swiss Franc

1,4921. EUR CHF broke 1,4830 resistance. EUR CHF is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The price should find a resistance below 1,4975 (54 pips). The uptrend seems to be finished. The target is expected at 1,4700 (221 pips).

Resistances

1,4950 - 1,4990

Supports

1,4875 - 1,4700

EUR/CHF - Euro Swiss Franc

EUR/GBP - Euro British Pound

0,8837. EUR GBP is in an downtrend directed by 1H exponential moving averages. EUR GBP is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

0,8850 - 0,8890

Supports

0,8775 - 0,8640

EUR/GBP - Euro British Pound


Archive


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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