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Currency Majors Technical Analysis

By Dec 19, 2007 07:00PM ET

www.investing.com/analysis/market-analysis/currency-majors-technical-analysis-2971

By | Dec 19, 2007 07:00PM ET

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American Session

EUR/USD - Euro Dollar

1,4348. 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. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 1,4280 (70 pips).

Resistances

1,4370 - 1,4425

Supports

1,4300 - 1,4280

USD/CAD - US Dollar Canadian Dollar

0,9985. USD CAD broke 1,0000 support. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The price should find a support above 0,9930 (50 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0000 - 1,0040

Supports

0,9950 - 0,9930

EUR/CAD - Euro Canadian Dollar

1,4335. EUR CAD broke 1,4375 support. EUR CAD is in an downtrend directed by 1H exponential moving averages. The volatility rises. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,4330. We will put the stop loss above 1,4380 (-50 pips). The targets are 1,4250 (+80 pips) 1,4200 (+130 pips) 1,4000 (+330 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,4360 - 1,4430

Supports

1,4250 - 1,4200

USD/JPY - Dollar Yen

113,12. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. There is an horizontal range between 112,80 and 113,50. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

113,20 - 113,50

Supports

112,80 - 112,40

GBP/JPY - British Pound Yen

224,97. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum. The target is expected at 223,00 (195 pips).
=> We could take a short position at 225,00. We will put the stop loss above 225,60 (-60 pips). The targets are 223,70 (+130 pips) 223,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

225,30 - 226,00

Supports

224,80 - 223,70

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1D1W1M6M1Y5YMax

US 30	40,132.0	-476.4	-1.17%
US 500	5,363.4	-93.4	-1.71%
Dow Jones	40,608.45	+2962.86	+7.87%
S&P 500	5,456.90	+474.13	+9.52%
Nasdaq	17,124.97	+1857.06	+12.16%
S&P 500 VIX	36.37	+2.75	+8.18%
Dollar Index	101.607	-1.016	-0.99%

Crude Oil WTI	60.82	-1.53	-2.45%
Brent Oil	63.93	-1.55	-2.37%
Natural Gas	3.739	-0.077	-2.02%
Gold	3,131.90	+52.50	+1.70%
Silver	30.808	+0.393	+1.29%
Copper	4.3583	+0.1658	+3.95%
US Soybeans	1,020.00	+7.00	+0.69%

U.S. 10Y	4.304	-0.092	-2.09%
U.S. 30Y	4.739	-0.051	-1.06%
U.S. 5Y	3.982	-0.118	-2.88%
U.S. 3M	4.324	-0.024	-0.55%
US 10Y T-Note	111.08	+0.75	+0.68%
Euro Bund	129.82	+0.53	+0.41%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	198.85	+26.43	+15.33%
NVIDIA	114.33	+18.03	+18.72%
Alphabet A	158.71	+14.01	+9.68%
Tesla	272.20	+50.34	+22.69%
Amazon.com	191.10	+20.44	+11.98%
Netflix	945.47	+75.07	+8.62%
Meta Platforms	585.77	+75.32	+14.76%

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PBOC	3.10%
BCB	14.25%	May 07, 2025

Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

USD/CAD - US Dollar Canadian Dollar

EUR/CAD - Euro Canadian Dollar

USD/JPY - Dollar Yen

GBP/JPY - British Pound Yen

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