Currency Majors Technical Analysis

Mon, Mar 10 2008, 06:17 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5375. 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 is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,5300 / 1,5450 range.

Resistances

1,5400 - 1,5450

Supports

1,5350 - 1,5300

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0167. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum. The target is expected at 2,0500 (330 pips).

Resistances

2,0200 - 2,0280

Supports

2,0160 - 2,0100

more information on GBP/USD - British Pound Dollar Click Here

USD/JPY - Dollar Yen

102,04. USD JPY 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. The downtrend should continue on 100,00 support. The price should find a support above 101,50.

Resistances

102,40 - 103,00

Supports

101,80 - 101,50

more information on USD/JPY - Dollar Yen Click Here