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Currency Majors Technical Analysis

Thu, Mar 12 2009, 06:49 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

1,2805. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,2910 resistance (105 pips).

Resistances

1,2870 - 1,2910

Supports

1,2735 - 1,2560

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,3861. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,3650 / 1,3900 range. If the support breaks then the target will be 1,3000 (861 pips).

Resistances

1,3900 - 1,4050

Supports

1,3650 - 1,3560

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,1562. USD CHF is in a range between 1,1500 and 1,1680. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,1500 / 1,1660 range.

Resistances

1,1680 - 1,1800

Supports

1,1500 - 1,1430

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,2898. USD CAD is in a range between 1,2770 and 1,3060. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,2760 / 1,3000 range.

Resistances

1,2940 - 1,3060

Supports

1,2770 - 1,2710

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

96,33. USD JPY broke 97,00 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 97,00 (67 pips). The downtrend should continue on 93,50 support (283 pips).

Resistances

97,00 - 97,70

Supports

96,00 - 94,50

USD/JPY - Dollar Yen

Published on  Thu, Mar 12 2009, 06:52 GMT


Mataf.net http://www.mataf.net/en/ | forex@mataf.net

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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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