Currency Majors Technical Analysis

Tue, Apr 1 2008, 13:20 GMT

Mataf.net

American Session

EUR/USD - Euro Dollar

1,5624. EUR USD broke 1,5750 support. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,5550 (75 pips) support.

Resistances

1,5700 - 1,5750

Supports

1,5600 - 1,5550

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9805. GBP USD is in a consolidation after the last bearish movement. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,9750. The consolidation should continue. If the support is broken then the target will be 1,9400.

Resistances

1,9870 - 1,9935

Supports

1,9750 - 1,9710

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

USD/CAD - US Dollar Canadian Dollar

1,0262. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 1,0200 and 1,0290. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a resistance below 1,0290. If the resistance is broken then the target will be 1,0700.

Resistances

1,0290 - 1,0305

Supports

1,0250 - 1,0210

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

USD/CHF - Dollar Swiss Franc

1,0073. USD CHF broke 1,0000 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,0150 resistance.

Resistances

1,0085 - 1,0150

Supports

1,0000 - 0,9940

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

USD/JPY - Dollar Yen

100,76. USD JPY broke 100,00 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 101,00. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

101,00 - 101,50

Supports

100,25 - 100,00

more information on USD/JPY - Dollar Yen Click Here