Currency Majors Technical Analysis
| Jan 15, 2008 07:00PM ET
Asian Session
EUR/USD - Euro Dollar
1,4653. EUR USD broke 1,4770 support. EUR USD broke the uptrend to begin a bearish movement. The volatility is high. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue. The price should find a support above 1,4600. If the support is broken then the target will be 1,4400 (250 pips).
Resistances
1,4690 - 1,4770
Supports
1,4610 - 1,4550
more information on EUR/USD - Euro Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0250. USD CAD is in an uptrend supported 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 bullish configuration. The uptrend should continue to gather momentum. The target is expected at 1,0450 (200 pips).
Resistances
1,0280 - 1,0300
Supports
1,0200 - 1,0140
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,5011. EUR CAD broke 1,5050 support. 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 rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a support above 1,4950. The consolidation should continue. If the support is broken then the target will be 1,4790. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5050 - 1,5190
Supports
1,4990 - 1,4790
more information on EUR/CAD - Euro Canadian Dollar Click Here
GBP/JPY - British Pound Yen
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211,33. GBP JPY broke 210,00 resistance. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should find a resistance below 213,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
212,00 - 213,00
Supports
209,70 - 207,00
more information on GBP/JPY - British Pound Yen Click Here
USD/JPY - Dollar Yen
107,61. USD JPY broke 107,00 resistance. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 108,50. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
107,90 - 108,50
Supports
106,70 - 106,00
more information on USD/JPY - Dollar Yen Click Here
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