Currency Majors Technical Analysis

Tue, Mar 18 2008, 06:05 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5766. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5700. The uptrend should continue to gather momentum. The target is expected at 1,6000. The price should find a resistance below 1,5900.

Resistances

1,5790 - 1,5870

Supports

1,5700 - 1,5650

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0020. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,9900 / 2,0100 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

2,0050 - 2,0100

Supports

1,9945 - 1,9900

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

USD/CAD - US Dollar Canadian Dollar

0,9942. 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 0,9800 / 1,0000 range. We won't take a position.

Resistances

0,9970 - 1,0000

Supports

0,9915 - 0,9800

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

USD/CHF - Dollar Swiss Franc

0,9814. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 0,9900. The downtrend should continue to gather momentum. The price should find a support above 0,9650.

Resistances

0,9825 - 0,9900

Supports

0,9780 - 0,9690

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

USD/JPY - Dollar Yen

97,14. USD JPY is in an downtrend directed by 1H 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 downtrend should continue to gather momentum. The target is expected at 93,00.

Resistances

97,80 - 98,25

Supports

96,90 - 95,80

more information on USD/JPY - Dollar Yen Click Here