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Currency Majors Technical Analysis

Thu, Jul 2 2009, 05:48 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

1,4116. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should find a support above 1,4050 (66 pips).

Resistances

1,4150 - 1,4200

Supports

1,4085 - 1,4050

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6464. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,6550 - 1,6750

Supports

1,6385 - 1,6240

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0762. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue.

Resistances

1,0780 - 1,0890

Supports

1,0710 - 1,0630

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1480. USD CAD broke 1,1510 support. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,1440 (40 pips). The consolidation should continue.

Resistances

1,1510 - 1,1650

Supports

1,1440 - 1,1380

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

96,60. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

97,00 - 97,50

Supports

96,15 - 95,05

USD/JPY - Dollar Yen

Mataf.net : technical analysis, Forex, currency converter

Published on  Thu, Jul 2 2009, 05:49 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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