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Currency Majors Technical Analysis

Tue, Jul 14 2009, 06:25 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

1,3995. EUR 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to move in Bollinger bands.

Resistances

1,4010 - 1,4075

Supports

1,3960 - 1,3880

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6267. GBP USD is in a consolidation after the last bullish movement. 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. The price should continue to move in 1,5980 / 1,6380 range.

Resistances

1,6295 - 1,6380

Supports

1,6160 - 1,5980

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0827. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in 1,0750 / 1,0925 range.

Resistances

1,0850 - 1,0925

Supports

1,0810 - 1,0750

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1508. USD CAD broke the downtrend to begin a bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,1480 (28 pips). The consolidation should continue. If the support breaks then the target will be 1,1250 (258 pips).

Resistances

1,1540 - 1,1600

Supports

1,1480 - 1,1420

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

93,21. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Oscillators are neutral. The price should continue to move in 91,80 / 93,60 range.

Resistances

93,60 - 94,10

Supports

92,80 - 91,80

USD/JPY - Dollar Yen

Mataf.net : technical analysis, Forex, currency converter

Published on  Tue, Jul 14 2009, 06:26 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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