Rabu, 12 Maret 2008

Currency Majors Technical Analysis

Wed, Mar 12 2008, 06:04 GMT

Mataf.net


European Session

EUR/USD - Euro Dollar

1,5367. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5280. The uptrend should continue to gather momentum.

Resistances

1,5400- 1,5500

Supports

1,5280 - 1,5150


more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0131. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. There is an horizontal range between 2,0000 and 2,0170. Support and resistance are given by Bollinger bands. The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 2,0000. The uptrend should continue on 2,0500 resistance.

Resistances

2,0180 - 2,0300

Supports

2,0090 - 2,0000


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

USD/JPY - Dollar Yen

102,92. USD JPY broke 102,30 support. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 103,50. The uptrend seems to be finished. The trend should reverse. The target is expected at 101,40.

Resistances

103,50 - 104,10

Supports

102,70 - 102,00

more information on USD/JPY - Dollar Yen Click Here

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