Currency Majors Technical Analysis
| Jan 17, 2008 07:00PM ET
American Session
EUR/USD - Euro Dollar
1,4668. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4600 / 1,4700 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4700 - 1,4770
Supports
1,4600 - 1,4580
more information on EUR/USD - Euro Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0237. 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 rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0220. The uptrend should continue to gather momentum. The target is expected at 1,0500.
=> We could take a long position at 1,0230. We will put the stop loss below 1,0180 (-50 pips). The targets are 1,0310 (+80 pips) 1,0400 (+170 pips) 1,0500 (+270 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0260 - 1,0310
Supports
1,0220 - 1,0180
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,5006. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,4900 and 1,5200. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,4900 / 1,5200 range. We won't take a position. The risk/reward ratio is too high to take a position..
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Resistances
1,5115 - 1,5200
Supports
1,4990 - 1,4900
more information on EUR/CAD - Euro Canadian Dollar Click Here
GBP/USD - British Pound Dollar
1,9609. GBP USD is in a range between 1,9520 and 1,9800. GBP USD 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 1,9520 / 1,9800 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9670 - 1,9800
Supports
1,9570 - 1,9520
more information on GBP/USD - British Pound Dollar Click Here
GBP/JPY - British Pound Yen
210,74. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. There is an horizontal range between 109,60 and 212,20. Support and resistance are given by Bollinger bands. The volatility rises. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. 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
211,60 - 212,20
Supports
209,50 - 207,00
more information on GBP/JPY - British Pound Yen Click Here
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