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Currency Majors Technical Analysis

Mon, Sep 28 2009, 05:47 GMT

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European Session

EUR/USD - Euro Dollar

1,4588. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4550 (38 pips). The consolidation should continue. If the support breaks then the target will be 1,4400 (188 pips).

Resistances

1,4615 - 1,4740

Supports

1,4560 - 1,4515

GBP/USD - British Pound Dollar

1,5854. 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 is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should find a resistance below 1,5920 (66 pips).

Resistances

1,5920 - 1,6090

Supports

1,5770 - 1,5500

USD/CHF - Dollar Swiss Franc

1,0336. USD CHF is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,0390 (54 pips). The downtrend seems to be finished. The trend should reverse.

Resistances

1,0390 - 1,0420

Supports

1,0330 - 1,0240

USD/CAD - US Dollar Canadian Dollar

1,0968. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,0860 (108 pips). The uptrend should continue on 1,1060 resistance (92 pips).

Resistances

1,0995 - 1,1050

Supports

1,0860 - 1,0780

USD/JPY - Dollar Yen

89,44. USD JPY broke 90,00 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. 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 JPY. The price should find a support above 88,70 (74 pips). The consolidation should continue.

Resistances

90,00 - 91,65

Supports

89,10 - 88,70

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Published on  Mon, Sep 28 2009, 05:47 GMT

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