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Currency Majors Technical Analysis

Tue, Aug 25 2009, 13:14 GMT

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American Session

EUR/USD - Euro Dollar

1,4333. EUR USD is in a range between 1,4265 and 1,4375. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4375 (42 pips). The price should continue to move in Bollinger bands.

Resistances

1,4340 - 1,4375

Supports

1,4310 - 1,4265

GBP/USD - British Pound Dollar

1,6401. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6345 (56 pips). If the support breaks then the target will be 1,6300 (101 pips).

Resistances

1,6440 - 1,6600

Supports

1,6345 - 1,6300

USD/CHF - Dollar Swiss Franc

1,0583. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The price should find a support above 1,0550 (33 pips). If the support breaks then the target will be 1,0500 (83 pips).

Resistances

1,0600 - 1,0640

Supports

1,0550 - 1,0500

USD/CAD - US Dollar Canadian Dollar

1,0744. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,0680 support (64 pips).

Resistances

1,0820 - 1,0850

Supports

1,0725 - 1,0675

USD/JPY - Dollar Yen

94,38. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 93,40 / 95,10 range.

Resistances

94,40 - 95,05

Supports

93,90 - 93,40

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Published on  Tue, Aug 25 2009, 13:14 GMT

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