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Currency Majors Technical Analysis

Thu, Sep 24 2009, 05:51 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

1,4719. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4680 and 1,4845. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue.

Resistances

1,4755 - 1,4845

Supports

1,4685 - 1,4610

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6345. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,6380 - 1,6460

Supports

1,6310 - 1,6130

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0275. 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. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0300 (25 pips). The downtrend should continue to gather momentum.

Resistances

1,0300 - 1,0315

Supports

1,0255 - 1,0190

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,0756. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0660 / 1,0800 range.

Resistances

1,0780 - 1,0855

Supports

1,0730 - 1,0660

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

90,84. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 90,50 (34 pips). The consolidation should continue.

Resistances

91,60 - 92,55

Supports

90,50 - 90,25

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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