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Currency Majors Technical Analysis

Thu, May 7 2009, 12:09 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

EUR/USD - Euro Dollar

1,3359. EUR USD is in a range between 1,3245 and 1,3375. EUR USD 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 Bollinger bands.

Resistances

1,3375 - 1,3440

Supports

1,3245 - 1,3200

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,5098. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD 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. The price should find a resistance below 1,5200 (102 pips). The consolidation should continue.

Resistances

1,5160 - 1,5200

Supports

1,5050 - 1,4980

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,1333. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1415 - 1,1600

Supports

1,1300 - 1,1250

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1640. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1715 (75 pips). The downtrend should continue to gather momentum.

Resistances

1,1715 - 1,1810

Supports

1,1605 - 1,1550

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

99,28. USD JPY is in a range between 97,90 and 99,60. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should continue to move in 97,90 / 99,60 range.

Resistances

99,60 - 100,75

Supports

98,90 - 97,90

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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