Currency Majors Technical Analysis - American Session
| Jan 07, 2008 07:00PM ET
EUR/USD - Euro Dollar
1,4714. EUR USD is in a range between 1,4665 and 1,4780. EUR 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 continue to move in Bollinger bands. We won't take a position.
Resistances
1,4735 - 1,4780
Supports
1,4700 - 1,4665
more information on EUR/USD - Euro Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0009. USD CAD is in a consolidation after the last bullish movement. There is an horizontal range between 0,9990 and 1,0070. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,0035 - 1,0070
Supports
0,9990 - 0,9970
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,4725. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,4685 and 1,4830. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.
=> We could take a long position at 1,4720. We will put the stop loss below 1,4660 (-60 pips). The targets are 1,4830 (+110 pips) 1,4880 (+160 pips) 1,4950 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,4790 - 1,4830
Supports
1,4685 - 1,4660
more information on EUR/CAD - Euro Canadian Dollar Click Here
EUR/JPY - Euro Yen
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161,26. EUR JPY is in a consolidation after the last bearish movement. There is an horizontal range between 160,00 and 161,60. Support and resistance are given by Bollinger bands. The volatility rises. Oscillators are neutral. The price should find a resistance below 161,60. If the resistance is broken then the target will be 163,00.
Resistances
161,60 - 162,00
Supports
161,00 - 160,40
more information on EUR/JPY - Euro Yen Click Here
USD/JPY - Dollar Yen
109,65. USD JPY is in a range between 108,20 and 109,80. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 108,20 / 109,80 range. If the resistance is broken then the target will be 111,00. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
109,80 - 111,00
Supports
109,20 - 108,20
more information on USD/JPY - Dollar Yen Click Here
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