Currency Majors Technical Analysis
| Jan 13, 2008 07:00PM ET
Asian Session
EUR/USD - Euro Dollar
1,4871. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4950 (80 pips) resistance.
Resistances
1,4915 - 1,4950
Supports
1,4850 - 1,4820
GBP/JPY - British Pound Yen
211,60. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum. The target is expected at 210,00 (160 pips).
Resistances
212,00 - 212,70
Supports
210,90 - 210,00
USD/JPY - Dollar Yen
108,21. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 107,40 / 108,40 range.
Resistances
108,40 - 108,65
Supports
107,90 - 107,40
USD/CAD - US Dollar Canadian Dollar
1,0169. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,0220. The consolidation should continue. We won't take a position.
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Resistances
1,0220 - 1,0250
Supports
1,0145 - 1,0050
EUR/CAD - Euro Canadian Dollar
1,5123. EUR CAD is in an uptrend supported 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 bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The uptrend should continue to gather momentum. The target is expected at 1,5600.
Resistances
1,5190 - 1,5250
Supports
1,5100 - 1,5050
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