Currency Majors Technical Analysis
| Dec 19, 2007 07:00PM ET
Asian Session
EUR/USD - Euro Dollar
1,4323. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The target is expected at 1,4210.
=> We could take a short position at 1,4340. We will put the stop loss above 1,4380 (-40 pips). The targets are 1,4250 (+90 pips) 1,4210 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,4355 - 1,4425
Supports
1,4310 - 1,4250
more information on EUR/USD - Euro Dollar
GBP/USD - British Pound Dollar
1,9831. GBP USD 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 (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9650 support.
=> We could take a short position at 1,9840. We will put the stop loss above 1,9890 (-50 pips). The targets are 1,9760 (+80 pips) 1,9650 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,9845 - 1,9860
Supports
1,9805 - 1,9760
more information on GBP/USD - British Pound Dollar
EUR/JPY - Euro Yen
161,92. EUR JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The price should find a resistance below 162,30.
=> We could take a short position at 162,00. We will put the stop loss above 162,40 (-40 pips). The targets are 161,00 (+100 pips) 160,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
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Resistances
162,30 - 162,40
Supports
161,75 - 161,30
more information on EUR/JPY - Euro Yen
AUD/USD - Australian Dollar US Dollar
0,8582. AUD USD is in a consolidation after the last bearish movement. AUD USD is in a range between 0,8560 and 0,8640. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 0,8610. The downtrend should continue to gather momentum.
=> We could take a short position at 0,8590. We will put the stop loss above 0,8625 (-35 pips). The targets are 0,8500 (+90 pips) 0,8400 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
0,8610 - 0,8640
Supports
0,8560 - 0,8500
more information on AUD/USD - Australian Dollar US Dollar
EUR/AUD - Euro Australian Dollar
1,6691. EUR AUD is in a range between 1,6650 and 1,6815. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,6740 - 1,6815
Supports
1,6680 - 1,6650
more information on EUR/AUD - Euro Australian Dollar
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