Currency Majors Technical Analysis
| Feb 06, 2008 07:00PM ET
Asian Session
EUR/USD - Euro Dollar
1,4481. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The target is expected at 1,4400 (80 pips).
Resistances
1,4500 - 1,4550
Supports
1,4440 - 1,4400
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9425. GBP 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, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should consolidate. The price should find a support above 1,9400. If the resistance is broken then the target will be 1,9200 (225 pips).
Resistances
1,9500 - 1,9560
Supports
1,9400 - 1,9200
more information on GBP/USD - British Pound Dollar Click Here
USD/CAD - US Dollar Canadian Dollar
1,0095. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,0130. The consolidation should continue. If the resistance is broken then the target will be 1,0350 (250 pips).
Resistances
1,0130 - 1,0160
Supports
1,0080 - 1,0025
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
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1,4615. EUR CAD broke 1,4660 support. EUR CAD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at 1,4500 (115 pips).
Resistances
1,4660 - 1,4700
Supports
1,4580 - 1,4500
more information on EUR/CAD - Euro Canadian Dollar Click Here
EUR/AUD - Euro Australian Dollar
1,6196. EUR AUD broke 1,6250 support. EUR AUD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR AUD. The downtrend should continue on 1,5800 support.
Resistances
1,6230 - 1,6275
Supports
1,6140 - 1,6100
more information on EUR/AUD - Euro Australian Dollar Click Here
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