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Currency Majors Technical Analysis

Tue, Mar 3 2009, 06:56 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

European Session

EUR/USD - Euro Dollar

1,2667. EUR USD broke 1,2630 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2700 (33 pips). The price should continue to move in 1,2520 / 1,2700 range.

Resistances

1,2690 - 1,2810

Supports

1,2630 - 1,2520

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,4122. 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 price should find a resistance below 1,4150 (28 pips). The downtrend should continue on 1,3850 support (272 pips).

Resistances

1,4150 - 1,4365

Supports

1,3960 - 1,3850

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,1701. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,1680 / 1,1790 range.

Resistances

1,1745 - 1,1790

Supports

1,1680 - 1,1630

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,2852. 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 flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a support above 1,2740 (112 pips).

Resistances

1,2935 - 1,3030

Supports

1,2810 - 1,2740

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

97,56. There is an horizontal range between 97,00 and 97,80. Support and resistance are given by Bollinger bands. USD JPY 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 bullish configuration. The price should continue to move in Bollinger bands.

Resistances

97,80 - 98,70

Supports

97,00 - 96,35

USD/JPY - Dollar Yen


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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