Currency Majors Technical Analysis

Wed, Mar 19 2008, 06:44 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5688. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5560. The uptrend should continue to gather momentum.

Resistances

1,5715 - 1,5830

Supports

1,5620 - 1,5560

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0083. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,9950 / 2,0200 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

2,0120 - 2,0250

Supports

2,0050 - 1,9950

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

USD/CAD - US Dollar Canadian Dollar

0,9926. USD CAD is in a range between 0,9800 and 1,0000. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 0,9800 / 1,0000 range. We won't take a position.

Resistances

0,9950 - 1,0000

Supports

0,9900 - 0,9800

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

USD/CHF - Dollar Swiss Franc

0,9971. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 0,9720 / 1,0080 range.

Resistances

1,0050 - 1,0100

Supports

0,9920 - 0,9720

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

USD/JPY - Dollar Yen

99,29. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 100,00. The downtrend should resume. The target is expected at 97,00.

Resistances

100,00 - 100,50

Supports

98,80 - 97,75

more information on USD/JPY - Dollar Yen Click Here