Senin, 10 Maret 2008

Currency Majors Technical Analysis

Mon, Mar 10 2008, 14:16 GMT

Mataf.net


American Session

EUR/USD - Euro Dollar

1,5350. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,5315 and 1,5450. The volatility decreases. Bollinger bands are tightened. ForexTrend 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

1,5320 - 1,5300


more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0174. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 2,0120. The uptrend should continue to gather momentum. The target is expected at 2,0500.

Resistances

2,0220 - 2,0280

Supports

2,0160 - 2,0100


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

USD/JPY - Dollar Yen

102,12. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a support above 101,50. If the support is broken then the target will be 100,00.

Resistances

102,50 - 103,00

Supports

101,80 - 101,50

more information on USD/JPY - Dollar Yen Click Here

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