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Currency Majors Technical Analysis

Wed, Jul 15 2009, 06:48 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

1,4039. EUR USD broke 1,4015 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4070 resistance (31 pips).

Resistances

1,4070 - 1,4150

Supports

1,4015 - 1,3910

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6401. GBP USD broke 1,6350 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,6420 (19 pips). The price should consolidate. If the support breaks then the target will be 1,6600 (199 pips).

Resistances

1,6420 - 1,6550

Supports

1,6350 - 1,6230

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0818. USD CHF is in a range between 1,0810 and 1,0925. USD CHF 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 bearish configuration. The price should continue to move in 1,0810 / 1,0925 range.

Resistances

1,0865 - 1,0925

Supports

1,0810 - 1,0750

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1308. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1360 (52 pips). The downtrend should continue to gather momentum.

Resistances

1,1360 - 1,1405

Supports

1,1300 - 1,1250

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

93,40. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 92,80 / 94,00 range.

Resistances

93,75 - 94,00

Supports

93,40 - 92,90

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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