Currency Majors Technical Analysis

Wed, Apr 2 2008, 13:03 GMT

Mataf.net

American Session

EUR/USD - Euro Dollar

1,5591. EUR USD broke 1,5750 support. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. 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

1,5670 - 1,5750

Supports

1,5580 - 1,5525

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9790. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should find a support above 1,9740. If the support is broken then the target will be 1,9400.

Resistances

1,9840 - 1,9890

Supports

1,9745 - 1,9720

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

USD/CAD - US Dollar Canadian Dollar

1,0185. USD CAD broke 1,0210 support. USD CAD is in a consolidation after the last bearish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 1,0130 / 1,0300 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0210 - 1,0250

Supports

1,0150 - 1,0130

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

USD/CHF - Dollar Swiss Franc

1,0159. USD CHF broke 1,0000 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,0165. If the resistance is broken then the target will be 1,0250 (90 pips).

Resistances

1,0165 - 1,0250

Supports

1,0090 - 1,0000

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

USD/JPY - Dollar Yen

102,43. USD JPY broke 100,20 resistance. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 103,50 (110 pips) resistance.

Resistances

102,60 - 103,50

Supports

101,70 - 101,50

more information on USD/JPY - Dollar Yen Click Here