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Main » Articles » Currency trading

Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3861. EUR USD is in a range between 1,3800 and 1,3935. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,3935 - 1,4000

Supports

,3805 - 1,3745

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6252. GBP USD broke 1,6350 support. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6210 (42 pips). If the support breaks then the target will be 1,5800 (452 pips).

Resistances

1,6355 - 1,6510

Supports

1,6210 - 1,6060

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0899. USD CHF is in a range between 1,0825 and 1,0955. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0825 / 1,0955 range.

Resistances

1,0955 - 1,0990

Supports

1,0830 - 1,0760

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1398. USD CAD broke 1,1375 resistance. The volatility rises. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,1460 resistance (62 pips).

Resistances

1,1430 - 1,1460

Supports

1,1375 - 1,1225

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

96,20. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.

Resistances

96,80 - 97,30

Supports

96,00 - 95,40

USD/JPY - Dollar Yen
Category: Currency trading | Added by: forex-market (2009-06-17)
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