Currency Majors Technical Analysis - Asian Session
| Jan 21, 2008 07:00PM ET
EUR/USD - Euro Dollar
1,4629. EUR USD broke 1,4580 support. EUR USD broke the downtrend to begin a bullish movement. The volatility is high. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4700 resistance. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4645 - 1,4700
Supports
1,4590 - 1,4520
more information on EUR/USD - Euro Dollar
USD/CAD - US Dollar Canadian Dollar
1,0290. USD CAD broke 1,0310 support. USD CAD is in an uptrend supported by 4H exponential moving averages. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should find a support above 1,0220. The uptrend should continue to gather momentum. If the support is broken then the target will be 1,0140.
Resistances
1,0310 - 1,0365
Supports
1,0220 - 1,0140
more information on USD/CAD - US Dollar Canadian Dollar
EUR/CAD - Euro Canadian Dollar
1,5060. EUR CAD is in a range between 1,4900 and 1,5200. EUR CAD 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 1,4900 / 1,5200 range. We won't take a position.
Resistances
1,5070 - 1,5200
Supports
1,4970 - 1,4900
more information on EUR/CAD - Euro Canadian Dollar
Get The News You Want
AUD/USD - Australian Dollar US Dollar
0,8681. AUD USD is in a consolidation after the last bullish movement. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should continue to move in 0,8500 / 0,8760 range. We won't take a position.
Resistances
0,8720 - 0,8760
Supports
0,8650 - 0,8520
more information on AUD/USD - Australian Dollar US Dollar
EUR/AUD - Euro Australian Dollar
1,6845. EUR AUD is in a range between 1,6500 and 1,6950. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,6500 / 1,6950 range. We won't take a position.
Resistances
1,6860 - 1,6935
Supports
1,6740 - 1,6540
more information on EUR/AUD - Euro Australian Dollar
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.