Currency Majors Technical Analysis

Fri, Apr 11 2008, 12:48 GMT

Mataf.net

American Session

EUR/USD - Euro Dollar

1,5829. EUR USD is in a range between 1,5730 and 1,5900. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5850 - 1,5900

Supports

1,5800 - 1,5725

more information on EUR/USD - Euro Dollar Click Here

USD/CAD - US Dollar Canadian Dollar

1,0187. USD CAD made a false break and continues the actual trend.. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0200 - 1,0220

Supports

1,0155 - 1,0130

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

USD/JPY - Dollar Yen

101,13. USD JPY 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 100,00 / 103,00 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

101,60 - 102,50

Supports

100,80 - 100,00

more information on USD/JPY - Dollar Yen Click Here

GBP/JPY - British Pound Yen

199,49. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 198,00 / 201,60 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

200,35 - 201,60

Supports

199,30 - 198,00

more information on GBP/JPY - British Pound Yen Click Here

EUR/JPY - Euro Yen

159,90. EUR JPY is in a range between 159,00 and 161,50. EUR JPY 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 159,00 / 161,50 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

160,65 - 161,50

Supports

159,75 - 159,00

more information on EUR/JPY - Euro Yen Click Here