Currency Majors Technical Analysis
| Jan 23, 2008 07:00PM ET
Asian Session
EUR/USD - Euro Dollar
1,4756. EUR USD broke 1,4700 resistance. EUR USD is in an uptrend supported by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4900 (140 pips) resistance.
Resistances
1,4780 - 1,4860 - 1,4900
Supports
1,4700 - 1,4650
more information on EUR/USD - Euro Dollar Click Here
AUD/USD - Australian Dollar US Dollar
0,8820. AUD USD broke 0,8750 resistance. The volatility rises. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. The uptrend should continue to gather momentum. The price should find a resistance below 0,8880 / 0,8900.
Resistances
0,8880 - 0,8900
Supports
0,8750 - 0,8700
more information on AUD/USD - Australian Dollar US Dollar Click Here
EUR/AUD - Euro Australian Dollar
1,6756. EUR AUD is in a range between 1,6700 and 1,6950. EUR AUD 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 price should find a support above 1,0220. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,6810 - 1,6900
Supports
1,6700 - 1,6540
more information on EUR/AUD - Euro Australian Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
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1,0033. USD CAD broke 1,0150 support. USD CAD broke the uptrend to begin a bearish movement. The volatility is high. 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 USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9900 (135 pips). The price should find a support above 1,0000.
Resistances
1,0100 - 1,0220
Supports
1,0000 - 0,9900
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,4805. EUR CAD broke 1,4850 support. The volatility is high. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The downtrend should continue to gather momentum. The price should find a support above 1,4650 (150 pips).
Resistances
1,4920 - 1,4980
Supports
1,4800 - 1,4650
more information on EUR/CAD - Euro Canadian Dollar Click Here
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