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Currency Majors Technical Analysis

Wed, Jul 1 2009, 05:04 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

European Session

EUR/USD - Euro Dollar

1,4039. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,3980 and 1,4150. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,3980 (59 pips). The consolidation should continue.

Resistances

1,4065 - 1,4155

Supports

1,3980 - 1,3890

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6444. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6300 support (144 pips).

Resistances

1,6495 - 1,6585

Supports

1,6415 - 1,6300

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0859. 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

1,0910 - 1,1025

Supports

1,0780 - 1,0630

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1622. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD 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. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a support above 1,1580 (42 pips).

Resistances

1,1655 - 1,1720

Supports

1,1580 - 1,1510

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

96,80. USD JPY broke 96,50 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue.

Resistances

97,00 - 97,25

Supports

96,50 - 96,15

USD/JPY - Dollar Yen

Mataf.net : technical analysis, Forex, currency converter

Published on  Wed, Jul 1 2009, 05:04 GMT


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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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