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Currency Majors Technical Analysis

Mon, Jul 13 2009, 06:26 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

1,3905. EUR USD is in a range between 1,3830 and 1,4075. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,3980 - 1,4075

Supports

1,3880 - 1,3830

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6099. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,5980 / 1,6380 range.

Resistances

1,6240 - 1,6380

Supports

1,6075 - 1,5980

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0885. 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). Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0925 - 1,0960

Supports

1,0830 - 1,0750

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1663. There is an horizontal range between 1,1610 and 1,1670. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,1670 - 1,1725

Supports

1,1600 - 1,1550

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

92,13. 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 is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 91,80 (33 pips). If the support breaks then the target will be 87,50 (463 pips).

Resistances

93,00 - 93,60

Supports

91,80 - 91,10

USD/JPY - Dollar Yen

Mataf.net : technical analysis, Forex, currency converter

Published on  Mon, Jul 13 2009, 06:32 GMT


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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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