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Currency Majors Technical Analysis

Tue, Apr 7 2009, 11:58 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

1,3252. EUR USD broke 1,3325 support. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,3320 (68 pips). The downtrend should continue on 1,3100 support (152 pips).

Resistances

1,3325 - 1,3430

Supports

1,3175 - 1,3100

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,4626. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,4590 / 1,4780 range. If the support breaks then the target will be 1,4450 (176 pips).

Resistances

1,4780 - 1,4960

Supports

1,4590 - 1,4450

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,1461. USD CHF broke 1,1400 resistance. The volatility is high. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,1240 / 1,1490 range.

Resistances

1,1490 - 1,1515

Supports

1,1350 - 1,1240

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,2465. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,2485 - 1,2705

Supports

1,2350 - 1,2220

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

100,12. USD JPY is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 100,00 (12 pips). If the support breaks then the target will be 99,00 (112 pips).

Resistances

100,70 - 101,45

Supports

99,95 - 99,00

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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