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Currency Majors Technical Analysis

Thu, Jul 2 2009, 12:14 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

1,4073. The price is just above 1,4050 support. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4050 (23 pips). The price has a good probability to go up.

Resistances

1,4120 - 1,4150

Supports

1,4050 - 1,4030

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6407. 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 high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in Bollinger bands.

Resistances

1,6450 - 1,6545

Supports

1,6330 - 1,6240

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0832. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should continue to move in Bollinger bands.

Resistances

1,0890 - 1,0915

Supports

1,0710 - 1,0630

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1526. USD CAD is in a consolidation after the last bearish movement. The volatility is low. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,1540 - 1,1655

Supports

1,1440 - 1,1380

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

96,68. 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

96,80 - 97,00

Supports

96,15 - 95,05

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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