Currency Majors Technical Analysis

Fri, Mar 28 2008, 06:09 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5791. 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 low. 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 1,5725 / 1,5900 range.

Resistances

1,5820 - 1,5860

Supports

1,5725 - 1,5650

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0068. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 2,0000 / 2,0160 range. We won't take a position.

Resistances

2,0095 - 2,0160

Supports

2,0025 - 2,0000

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

USD/CAD - US Dollar Canadian Dollar

1,0145. USD CAD is in a range between 1,0130 and 1,0225. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0190 - 1,0225

Supports

1,0125 - 1,0100

more information on USD/CAD - US Dollar Canadian Dollar Click Here

USD/CHF - Dollar Swiss Franc

0,9934. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 0,9985. The downtrend should continue to gather momentum.
=> We could take a short position at 0,9935. We will put the stop loss above 0,9985 (-50 pips). The targets are 0,9830 (+105 pips) 0,9790 (+145 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

0,9980 - 1,0035

Supports

0,9915 - 0,9880

more information on USD/CHF - Dollar Swiss Franc Click Here

USD/JPY - Dollar Yen

99,59. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). 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 98,80 / 100,90 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

100,15 - 100,90

Supports

99,40 - 98,65

more information on USD/JPY - Dollar Yen Click Here