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Currency Majors Technical Analysis

Thu, Jul 9 2009, 10:23 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

1,3979. EUR USD broke 1,3920 resistance. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3985 (6 pips). If the resistance breaks then the target will be 1,4020 (41 pips).

Resistances

1,3980 - 1,4020

Supports

1,3915 - 1,3830

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6209. GBP USD broke 1,6140 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,6260 (51 pips).

Resistances

1,6215 - 1,6240

Supports

1,6125 - 1,6050

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0825. USD CHF is in a range between 1,0820 and 1,0945. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,0820 (5 pips). If the support breaks then the target will be 1,0750 (75 pips).

Resistances

1,0875 - 1,0945

Supports

1,0820 - 1,0750

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1582. USD CAD is in a range between 1,1540 and 1,1725. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. Oscillators are neutral. The price should find a support above 1,1540 (42 pips). If the support breaks then the target will be 1,1500 (82 pips).

Resistances

1,1680 - 1,1725

Supports

1,1580 - 1,1540

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

93,15. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 93,70 (55 pips). The downtrend should continue to gather momentum.

Resistances

93,70 - 94,70

Supports

93,00 - 91,80

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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