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Currency Majors Technical Analysis

Tue, Jun 30 2009, 12:40 GMT

Mataf.net


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

1,4135. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4160 (25 pips).

Resistances

1,4155 - 1,4195

Supports

1,4075 - 1,3980

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6582. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a support above 1,6500 (82 pips).

Resistances

1,6660 - 1,6735

Supports

1,6550 - 1,6500

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0802. USD CHF 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

1,0915 - 1,1025

Supports

1,0780 - 1,0630

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1528. USD CAD is in an uptrend supported by 4H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,1500 (28 pips). The uptrend should continue to gather momentum.

Resistances

1,1590 - 1,1640

Supports

1,1510 - 1,1420

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

95,93. USD JPY is in a range between 95,00 and 96,55. USD JPY 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

96,30 - 96,55

Supports

95,35 - 95,00

USD/JPY - Dollar Yen

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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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