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Main » Articles » Currency trading

Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3990. 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 high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.

Resistances

1,4010 - 1,4100

Supports

1,3900 - 1,3790

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,5989. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP 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 GBP USD. The uptrend should continue to gather momentum.

Resistances

1,6100 - 1,6200

Supports

1,5890 - 1,5770

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0806. USD CHF broke 1,0825 support. 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 parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,0825 - 1,0865

Supports

1,0790 - 1,0700

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1105. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.

Resistances

1,1170 - 1,1260

Supports

1,1090 - 1,1100

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

96,53. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

97,20 - 98,00

Supports

96,25 - 95,50

USD/JPY - Dollar Yen
Mataf.net
Category: Currency trading | Added by: forex-market (2009-05-29)
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