Currency Majors Technical Analysis
| Jan 20, 2008 07:00PM ET
Asian Session
EUR/USD - Euro Dollar
1,4458. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are parallel and form the trend. 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 on 1,4400 (60 pips) support.
Resistances
1,4485 - 1,4560
Supports
1,4435 - 1,4400
more information on EUR/USD - Euro Dollar Click Here
AUD/USD - Australian Dollar US Dollar
0,8618. AUD USD broke 0,8700 support. AUD 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 (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 0,8550 (70 pips) support.
Resistances
0,8635 - 0,8710
Supports
0,8590 - 0,8550
more information on AUD/USD - Australian Dollar US Dollar Click Here
GBP/USD - British Pound Dollar
1,9432. GBP USD broke 1,9425 support. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. 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 GBP USD. The downtrend should continue to gather momentum. The target is expected at 1,9200 (230 pips).
Resistances
1,9480 - 1,9525
Supports
1,9430 - 1,9400
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
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1,0346. USD 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,0450 (100 pips) resistance.
Resistances
1,0360 - 1,0450
Supports
1,0310 - 1,0235
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,4960. EUR CAD is in a range between 1,4900 and 1,5200. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 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..
Resistances
1,4980 - 1,5020
Supports
1,4900 - 1,4825
more information on EUR/CAD - Euro Canadian Dollar Click Here
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