Currency Majors Technical Analysis
| Jan 23, 2008 07:00PM ET
American Session
EUR/USD - Euro Dollar
1,4669. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4520 and 1,4690. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The consolidation should continue. We won't take a position.
Resistances
1,4690 - 1,4740
Supports
1,4600 - 1,4520
more information on EUR/USD - Euro Dollar Click Here
USD/JPY - Dollar Yen
106,70. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 105,50 / 107,10 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
107,00 - 107,60
Supports
106,00 - 105,70 - 105,00
more information on USD/JPY - Dollar Yen Click Here
GBP/JPY - British Pound Yen
209,36. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. GBP JPY is in a range between 205,00 and 210,00. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 205,00 / 210,00 range.
Resistances
210,00 - 211,40
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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1,0164. USD CAD broke the uptrend to begin a bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. The price should find a support above 1,1030.
Resistances
1,0200 - 1,0260
Supports
1,0130 - 1,0100
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,4907. EUR CAD is in a range between 1,4860 and 1,5080. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The target is expected at 1,4850. If the support is broken then the target will be 1,4650.
Resistances
1,4940 - 1,5080
Supports
1,4850 - 1,4790
more information on EUR/CAD - Euro Canadian Dollar Click Here
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