Rabu, 05 Maret 2008

Currency Majors Technical Analysis

Thu, Mar 6 2008, 05:59 GMT

Mataf.net


European Session

EUR/USD - Euro Dollar

1,5296. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue to gather momentum. The target is expected at 1,5400 (100 pips).

Resistances

1,5300 - 1,5400

Supports

1,5250 - 1,5180


more information on EUR/USD - Euro Dollar Click Here


GBP/USD - British Pound Dollar

1,9921. GBP USD made a false break and continues the actual trend.. GBP USD is in a range between 1,9800 and 1,9950. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,9950. If the resistance is broken then the target will be 2,0100.

Resistances

1,9950 - 2,0010

Supports

1,9900 - 1,9800


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

USD/JPY - Dollar Yen

103,82. 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 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 104,20. The downtrend should resume. The price should find a support above 102,60 (120 pips).

Resistances

104,20 - 104,70

Supports

103,70 - 103,40

more information on USD/JPY - Dollar Yen Click Here


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