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Currency Majors Technical Analysis

Mon, Sep 21 2009, 05:59 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

1,4677. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, 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 support above 1,4650 (27 pips). The uptrend should continue to gather momentum.

Resistances

1,4735 - 1,4765

Supports

1,4650 - 1,4560

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6188. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6170 (18 pips). The price should consolidate. If the support breaks then the target will be 1,6100 (88 pips).

Resistances

1,6280 - 1,6300

Supports

1,6185 - 1,6100

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0331. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0275 / 1,0360 range.

Resistances

1,0340 - 1,0360

Supports

1,0300 - 1,0275

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,0720. USD CAD is in an downtrend directed by daily exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,0770 - 1,0800

Supports

1,0665 - 1,0590

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

91,93. USD JPY broke 91,60 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 92,05 (12 pips). The price should consolidate.

Resistances

92,05 - 92,60

Supports

91,60 - 91,00

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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