Currency Majors Technical Analysis

Fri, Mar 14 2008, 06:05 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5624. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. 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 1,5600. The price should continue to move in 155,60 / 157,50 range. The target is expected at 1,5750.

Resistances

1,5650 - 1,5700

Supports

1,5600 - 1,5550

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0345. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 2,0280. The uptrend should continue to gather momentum. The target is expected at 2,0600.

Resistances

2,0390 - 2,0460

Supports

2,0280 - 2,0200

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

USD/CAD - US Dollar Canadian Dollar

0,9820. 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 decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 0,9800. If the support is broken then the target will be 0,9700.

Resistances

0,9860 - 0,9910

Supports

0,9800 - 0,9750

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

USD/CHF - Dollar Swiss Franc

1,0077. USD CHF is in an downtrend directed by 4H exponential moving averages. 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 downtrend should continue to gather momentum. The target is expected at 0,9890.

Resistances

1,0130 - 1,0170

Supports

1,0050 - 1,0000

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

USD/JPY - Dollar Yen

100,17. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY 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 support above 100,00. If the support is broken then the target will be 0,9880.

Resistances

101,30 - 102,00

Supports

100,00 - 99,75

more information on USD/JPY - Dollar Yen Click Here