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Currency Majors Technical Analysis

Mon, May 25 2009, 05:05 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

1,3993. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,3980 (13 pips). The uptrend should continue to gather momentum.

Resistances

1,4050 - 1,4130

Supports

1,3990 - 1,3870

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,5884. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum.

Resistances

1,5950 - 1,6000

Supports

1,5850 - 1,5750

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0853. USD CHF is in an downtrend directed 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 bearish configuration. The downtrend should continue on 1,0750 support (103 pips).

Resistances

1,0875 - 1,0955

Supports

1,0810 - 1,0750

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1239. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.

Resistances

1,1250 - 1,1360

Supports

1,1190 - 1,1130

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

94,79. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 93,85 and 95,10. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

95,10 - 95,60

Supports

94,40 - 93,85

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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