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Currency Majors Technical Analysis

Wed, Mar 4 2009, 14:12 GMT

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American Session

EUR/USD - Euro Dollar

1,2555. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2600 (45 pips). The downtrend should continue to gather momentum.

Resistances

1,2575 - 1,2615

Supports

1,2460 - 1,2350

GBP/USD - British Pound Dollar

1,4114. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,4150 (36 pips). The downtrend should continue to gather momentum.

Resistances

1,4150 - 1,4360

Supports

1,3960 - 1,3800

USD/CHF - Dollar Swiss Franc

1,1781. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,1775 (6 pips). The uptrend should continue to gather momentum.

Resistances

1,1830 - 1,1860

Supports

1,1775 - 1,1720

USD/CAD - US Dollar Canadian Dollar

1,2877. 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 is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,2970 (93 pips). The consolidation should continue. The price should continue to move in 1,2810 / 1,2970 range.

Resistances

1,2970 - 1,3000

Supports

1,2805 - 1,2740

USD/JPY - Dollar Yen

99,46. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 100,00 resistance (54 pips).

Resistances

99,50 - 100,00

Supports

98,70 - 98,00

Published on  Wed, Mar 4 2009, 14:13 GMT

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