Currency Majors Technical Analysis
| Jan 21, 2008 07:00PM ET
American Session
EUR/USD - Euro Dollar
1,4493. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 1,4400 / 1,4550 range. We won't take a position.
Resistances
1,4520 - 1,4550
Supports
1,4460 - 1,4400
more information on EUR/USD - Euro Dollar Click Here
USD/JPY - Dollar Yen
106,18. 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 is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 106,50. The downtrend should continue to gather momentum. The target is expected at 104,50 (170 pips).
Resistances
106,50 - 106,75
Supports
106,00 - 105,70
more information on USD/JPY - Dollar Yen Click Here
GBP/JPY - British Pound Yen
207,32. GBP JPY broke 207,00 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. The consolidation should continue. We won't take a position.
Resistances
208,05 - 209,50
Supports
207,00 - 205,00
more information on GBP/JPY - British Pound Yen Click Here
USD/CAD - US Dollar Canadian Dollar
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1,0343. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,0450 (110 pips) resistance.
Resistances
1,0380 - 1,0450
Supports
1,0310 - 1,0280
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,4994. 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 rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,4900 / 1,5200 range. We won't take a position.
Resistances
1,5050 - 1,5110
Supports
1,4960 - 1,4900
more information on EUR/CAD - Euro Canadian Dollar Click Here
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