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Currency Majors Technical Analysis

Thu, Aug 27 2009, 05:21 GMT

Mataf.net  |  View company's profile


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

1,4246. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4265 (19 pips). The downtrend should continue on 1,4120 support (126 pips).

Resistances

1,4265 - 1,4360

Supports

1,4205 - 1,4180

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6227. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD 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. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6050 support (177 pips).

Resistances

1,6250 - 1,6305

Supports

1,6160 - 1,6050

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0680. USD CHF broke 1,0640 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0715 - 1,0740

Supports

1,0640 - 1,0550

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,0978. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,0930 / 1,1050 range.

Resistances

1,1000 - 1,1040

Supports

1,0935 - 1,0890

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

93,72. USD JPY broke 93,85 support. The volatility rises. Bollinger bands are deviated. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 93,40 (32 pips). If the support breaks then the target will be 92,50 (122 pips).

Resistances

93,85 - 94,55

Supports

93,40 - 92,50

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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