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Currency Majors Technical Analysis

Tue, Sep 29 2009, 05:37 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

1,4632. EUR USD 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 bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,4560 (72 pips). The consolidation should continue.

Resistances

1,4645 - 1,4690

Supports

1,4590 - 1,4560

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,5938. 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 low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue.

Resistances

1,5950 - 1,6090

Supports

1,5860 - 1,5770

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0323. 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 low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0350 - 1,0380

Supports

1,0315 - 1,0240

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,0843. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The price should continue to move in 1,0815 / 1,1015 range.

Resistances

1,0895 - 1,0945

Supports

1,0830 - 1,0815

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

89,95. 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. The price should find a resistance below 90,30 (35 pips). The consolidation should continue.

Resistances

90,30 - 91,65

Supports

89,60 - 88,70

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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