Currency Majors Technical Analysis

Thu, Mar 20 2008, 06:09 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5597. 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 decreases. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5550 / 1,5580. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5615 - 1,5670

Supports

1,5580 - 1,5550

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9830. GBP USD is in an downtrend directed by 15min exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,9750. If the support is broken then the target will be 1,9600.

Resistances

1,9890 - 2,0050

Supports

1,9780 - 1,9700

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

USD/CAD - US Dollar Canadian Dollar

1,0146. 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,0170. If the resistance is broken then the target will be 1,0300.

Resistances

1,0170 - 1,0240

Supports

1,0100 - 1,0010

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

USD/CHF - Dollar Swiss Franc

1,0010. 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 daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,0050. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0025 - 1,0050

Supports

0,9955 - 0,9890

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

USD/JPY - Dollar Yen

99,17. 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. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 100,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

100,00 - 101,00

Supports

98,65 - 97,75

more information on USD/JPY - Dollar Yen Click Here