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Main » Articles » Currency trading

Currency Majors Technical Analysis

Mataf.net

European Session

EUR/USD - Euro Dollar

1,4162. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4120 (42 pips). The uptrend should continue to gather momentum.

Resistances

1,4190 - 1,4250

Supports

1,4120 - 1,4060

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6400. GBP USD is in a range between 1,6270 and 1,6470. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to move in 1,6270 / 1,6470 range.

Resistances

1,6415 - 1,6470

Supports

1,6345 - 1,6260

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0741. There is an horizontal range between 1,0725 and 1,0800. Support and resistance are given by Bollinger bands. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H,  daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in Bollinger bands. The price should find a support above 1,0720 (21 pips). If the support breaks then the target will be 1,0600 (141 pips).

Resistances

1,0790 - 1,0830

Supports

1,0725 - 1,0690

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1074. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility rises. 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

1,1090 - 1,1140

Supports

1,1060 - 1,0950

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

94,63. USD JPY is in an uptrend supported by 1H exponential moving averages. 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 JPY. The uptrend should continue on 95,00 resistance (37 pips).

Resistances

94,90 - 95,50

Supports

94,00 - 93,50

USD/JPY - Dollar Yen
Category: Currency trading | Added by: forex-market (2009-07-20)
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