Currency Majors Technical Analysis

Thu, Mar 13 2008, 06:09 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5555. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,5525. The uptrend should continue to gather momentum. The target is expected at 1,5700.

Resistances

1,5590 - 1,5630

Supports

1,5525 - 1,5485

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0293. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 2,0270. The uptrend should continue to gather momentum. The target is expected at 2,0600 (310 pips).

Resistances

2,0320 - 2,0400

Supports

2,0270 - 2,0220

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

USD/CAD - US Dollar Canadian Dollar

0,9897. USD CAD 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 0,98600 / 0,9975 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

0,9910 - 0,9960

Supports

0,9880 - 0,9850

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

USD/CHF - Dollar Swiss Franc

1,0107. USD CHF is in an downtrend directed by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (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 0,9950 (150 pips). The price should find a support above 1,0000 (100 pips).

Resistances

1,0175 - 1,0275

Supports

1,0100 - 1,0000

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

USD/JPY - Dollar Yen

100,25. USD JPY broke 101,50 support. USD JPY is in an downtrend directed by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a support above 99,70 / 100,00.

Resistances

100,65 - 102,00

Supports

100,00 - 99,70

more information on USD/JPY - Dollar Yen Click Here