Currency Majors Technical Analysis

Tue, Apr 8 2008, 05:13 GMT

Mataf.net

European Session

EUR/USD - Euro Dollar

1,5745. EUR USD made a false break and continues the actual trend.. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5700 / 1,5800 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5800 - 1,5840

Supports

1,5700 - 1,5650

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9876. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a support above 1,9845. If the support is broken then the target will be 1,9740.

Resistances

1,9885 - 1,9930

Supports

1,9845 - 1,9740

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

USD/CAD - US Dollar Canadian Dollar

1,0133. USD CAD broke 1,0100 resistance. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. 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

1,0145 - 1,0175

Supports

1,0100 - 1,0020

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

USD/CHF - Dollar Swiss Franc

1,0103. USD CHF is in a range between 1,0030 and 1,0220. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,0030 / 1,0200 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0120 - 1,0165

Supports

1,0065 - 1,0030

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

USD/JPY - Dollar Yen

102,27. USD JPY is in a range between 101,50 and 102,90. The volatility is low. Oscillators are neutral. The price should continue to move in 101,50 / 102,90 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

102,50 - 102,90

Supports

102,05 - 101,50

more information on USD/JPY - Dollar Yen Click Here