FXstreet.com

This report has been deactivated

0

0

Currency Majors Technical Analysis

Fri, Jul 3 2009, 05:30 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

0,8022. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3925 (5903 pips). The consolidation should continue.

Resistances

1,4030 - 1,4100

Supports

1,3925 - 1,3875

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6380. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should find a support above 1,6290 (90 pips).

Resistances

1,6430 - 1,6550

Supports

1,6330 - 1,6290

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0861. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,0710 / 1,0900 range.

Resistances

1,0910 - 1,1000

Supports

1,0785 - 1,0710

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1597. 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 price should find a support above 1,1590 (7 pips). If the support breaks then the target will be 1,1440 (157 pips).

Resistances

1,1640 - 1,1675

Supports

1,1515 - 1,1440

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

95,95. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should find a support above 95,70 (25 pips).

Resistances

96,20 - 96,95

Supports

95,70 - 95,05

USD/JPY - Dollar Yen

Mataf.net : technical analysis, Forex, currency converter

Published on  Fri, Jul 3 2009, 05:31 GMT


Archive

Mataf.net  | 325 Rue Parmentier 38140 Izeaux
http://www.mataf.net/en/ | forex@mataf.net

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.

Related reports

Market Thoughts - 24/11/2009 - The Current Market Sentiment 2 by FX Recommends
Tue, Nov 24 2009, 13:51 GMT

Technical Major Currencies Report - Technical Major Currencies MiddayReport by ecPulse.com
Tue, Nov 24 2009, 13:15 GMT

Commodities Daily - Commodities rallied yesterday but have generally fallen back this morning by Danske Bank A/S
Tue, Nov 24 2009, 13:03 GMT

The best pair to trade now - USD/CHF: Buying chances by FXstreet.com Independent Analyst Team
Tue, Nov 24 2009, 12:54 GMT

Fundamental Currencies Comments - Currencies ahead of U.S. data by ecPulse.com
Tue, Nov 24 2009, 11:34 GMT

eurusd, usdcad, gbpusd, usdchf, usdjpy

View All

Related content


Interested in forex trading? forex brokerage firms!


FX Solutions LLC
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
MF Global FXA Securities Ltd.
Contact the broker/FDM
Open a demo account		FXDD
Contact the broker/FDM
Open a demo account		Saxo Bank A/S
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

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.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.