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Currency Majors Technical Analysis

Wed, Sep 23 2009, 05:53 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

1,4815. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4790 (25 pips). The uptrend should continue to gather momentum.

Resistances

1,4845 - 1,4875

Supports

1,4780 - 1,4770

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6397. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue.

Resistances

1,6435 - 1,6570

Supports

1,6310 - 1,6130

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0222. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0245 (23 pips). The downtrend should continue to gather momentum.

Resistances

1,0245 - 1,0275

Supports

1,0190 - 1,0110

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,0666. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0650 (16 pips).

Resistances

1,0740 - 1,0855

Supports

1,0660 - 1,0590

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

90,75. USD JPY is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 91,30 (55 pips). The downtrend should continue on 90,15 support (60 pips).

Resistances

91,05 - 91,60

Supports

90,50 - 90,20

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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