•  
  • New York 23:48
  • London 03:48
  • Barcelona 04:48
  • Tokyo 12:48
  • Sydney 14:48
  • SignUp | Login

Currency Majors Technical Analysis

Thu, May 28 2009, 05:16 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

1,3797. EUR USD broke 1,3885 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,3700 support (97 pips).

Resistances

1,3850 - 1,3885

Supports

1,3770 - 1,3710

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,5907. 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 rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,5820 / 1,6090 range.

Resistances

1,5990 - 1,6090

Supports

1,5885 - 1,5820

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0943. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The consolidation should continue.

Resistances

1,0950 - 1,1055

Supports

1,0890 - 1,0810

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1236. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1270 (34 pips). The consolidation should continue.

Resistances

1,1250 - 1,1355

Supports

1,1170 - 1,1110

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

96,50. USD JPY broke 95,50 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 96,70 resistance (20 pips).

Resistances

96,70 - 97,15

Supports

96,00 - 95,50

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.
Vote:

1

1

Related reports

Bearish indications from the EUR/USD by CMS Forex
Fri, Mar 19 2010, 01:36 GMT

EUR/JPY Assessing Near-term Rally Attempt by CMS Forex
Fri, Mar 19 2010, 01:35 GMT

USD/CHF 1.05 Support Holds by CMS Forex
Fri, Mar 19 2010, 01:33 GMT

Greek Dilemma Pressures EUR/USD by CMS Forex
Fri, Mar 19 2010, 01:29 GMT

USD Gains on Greece Flare Up by Easy Forex
Fri, Mar 19 2010, 01:22 GMT

eurusd, usdcad, gbpusd, usdchf, usdjpy

[ View All ]

Related content

JPY crosses: much of repatriation has now been done
Forex Live | Fri, Mar 19 2010, 01:47 GMT

Forex: USD/JPY gaining and trades at 90.54
FXstreet.com | Fri, Mar 19 2010, 01:45 GMT

Quick look at the order books
Forex Live | Fri, Mar 19 2010, 00:52 GMT

Nikkei and Kospi both +0.4%
Forex Live | Fri, Mar 19 2010, 00:37 GMT

Forex: GBP/USD falls and trades at 1.52452
FXstreet.com | Fri, Mar 19 2010, 00:37 GMT

eurusd, usdcad, gbpusd, usdchf, usdjpy

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.