Currency Majors Technical Analysis
| Jan 20, 2008 07:00PM ET
European Session
EUR/USD - Euro Dollar
1,4530. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support above 1,4450 (80 pips).
Resistances
1,4575 - 1,4610
Supports
1,4525 - 1,4480
more information on EUR/USD - Euro Dollar Click Here
USD/CHF - Dollar Swiss Franc
1,1038. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a range between 1,0970 and 1,1070. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. 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
1,1070 - 1,1100
Supports
1,1015 - 1,0970
more information on USD/CHF - Dollar Swiss Franc Click Here
EUR/CHF - Euro Swiss Franc
1,6046. EUR CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The downtrend should continue on 1,6000 support.
[arbitrage EUR USD/ USD CHF] : We expect a bearish pressure on EUR USD and USD CHF..
Resistances
1,6070 - 1,6100
Supports
1,6040 - 1,6000
more information on EUR/CHF - Euro Swiss Franc Click Here
GBP/USD - British Pound Dollar
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1,9522. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,9500 and 19800. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should find a support above 1,9500. If the support is broken then the target will be 1,9200 (320 pips).
Resistances
1,9575 - 1,9605
Supports
1,9500 - 1,9400
more information on GBP/USD - British Pound Dollar Click Here
EUR/GBP - Euro British Pound
0,7446. EUR GBP is in a consolidation after the last bearish movement. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.
[arbitrage EUR USD/ GBP USD] : We expect similar moves on EUR USD and GBP USD..
Resistances
0,7465 - 0,7500
Supports
0,7440 - 0,7420
more information on EUR/GBP - Euro British Pound Click Here
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