Currency Majors Technical Analysis

Thu, Apr 10 2008, 05:06 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5843. EUR USD broke 1,5800 resistance. EUR USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5860. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5860 - 1,5890

Supports

1,5800 - 1,5740

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9778. GBP USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,9790 - 1,9850

Supports

1,9725 - 1,9650

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

USD/CAD - US Dollar Canadian Dollar

1,0177. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,0160. The uptrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0200 - 1,0220

Supports

1,0160 - 1,0110

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

USD/CHF - Dollar Swiss Franc

0,9967. USD CHF broke 1,0050 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The target is expected at 0,9850 (115 pips).

Resistances

1,0030 - 1,0110

Supports

0,9950 - 0,9850

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

USD/JPY - Dollar Yen

100,94. USD JPY broke 101,50 support. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 99,00 (195 pips) support.

Resistances

101,50 - 102,00

Supports

100,80 - 100,30

more information on USD/JPY - Dollar Yen Click Here