Currency Majors Technical Analysis - Asian Session
| Jan 16, 2008 07:00PM ET
EUR/USD - Euro Dollar
1,4644. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should continue to move in Bollinger bands. The price should find a support above 1,4600. If the support is broken then the target will be 1,4400.
Resistances
1,4710 - 1,4770
Supports
1,4600 - 1,4550
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AUD/USD - Australian Dollar US Dollar
0,8764. AUD USD is in a consolidation after the last bearish movement. AUD 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 0,8700 / 0,9000 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
0,8800 - 0,8870
Supports
0,8750 - 0,8700
more information on AUD/USD - Australian Dollar US Dollar Click Here
EUR/AUD - Euro Australian Dollar
1,6686. EUR AUD is in a range between 1,6500 and 1,6900. EUR AUD 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 1,6500 / 1,6900 range. The targets are 106,50 (+100 pips) 106,00 (+150 pips) 105,50 (+200 pips). The risk/reward ratio is too high to take a position..
Resistances
1,6730 - 1,6900
Supports
1,6550 - 1,6500
more information on EUR/AUD - Euro Australian Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
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1,0301. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,0450 (150 pips) resistance.
Resistances
1,0310 - 1,0350
Supports
1,0260 - 1,0200
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,5088. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 1,4900 / 1,5200 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5140 - 1,5200
Supports
1,5050 - 1,4975
more information on EUR/CAD - Euro Canadian Dollar Click Here
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