Currency Majors Technical Analysis Asian Session
| Jan 22, 2008 07:00PM ET
EUR/USD - Euro Dollar
1,4632. EUR USD is in a consolidation after the last bullish movement. EUR USD 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 consolidation should continue. The price should continue to move in 1,4390 / 1,4700 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
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1,4660 - 1,4700
Supports
1,4520 - 1,4390
more information on EUR/USD - Euro Dollar Click Here
USD/JPY - Dollar Yen
106,77. 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 high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 105,00 / 107,00 range.
Resistances
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107,00 - 107,60
Supports
106,00 - 105,00
more information on USD/JPY - Dollar Yen Click Here
USD/CAD - US Dollar Canadian Dollar
1,0224. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. USD CAD is in a range between 1,0225 and 1,0310. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should find a support above 1,0225. If the support is broken then the target will be 1,0150 (75 pips).
Resistances
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1,0260 - 1,0310
Supports
1,0220 - 1,0150
more information on USD/CAD - US Dollar Canadian Dollar Click Here
EUR/CAD - Euro Canadian Dollar
1,4959. EUR CAD is in a range between 1,4890 and 1,5080. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
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1,5030 - 1,5080
Supports
1,4950 - 1,4890
more information on EUR/CAD - Euro Canadian Dollar Click Here
AUD/USD - Australian Dollar US Dollar
0,8740. AUD USD is in a range between 0,8615 and 0,8750. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.
Resistances
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0,8750 - 0,8850
Supports
0,8650 - 0,8615
more information on AUD/USD - Australian Dollar US Dollar Click Here
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