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Currency Majors Technical Analysis - American Session

By Dec 20, 2007 07:00PM ET

www.investing.com/analysis/technical/currency-majors-technical-analysis---american-session-2991

By | Dec 20, 2007 07:00PM ET

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American Session

EUR/USD - Euro Dollar

1,4374. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,4310 and 1,4425. The volatility is high. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,4380 - 1,4425

Supports

1,4350 - 1,4310

more information on EUR/USD - Euro Dollar

USD/CAD - US Dollar Canadian Dollar

0,9966. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. 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 0,9900 (70 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

0,9995 - 1,0040

Supports

0,9955 - 0,9900

more information on USD/CAD - US Dollar Canadian Dollar

EUR/CAD - Euro Canadian Dollar

1,4313. EUR CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 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) 1,4170 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,4360 - 1,4380

Supports

1,4300 - 1,4250

more information on EUR/CAD - Euro Canadian Dollar

USD/JPY - Dollar Yen

113,42. USD JPY is in an uptrend supported by 4H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 112,80 and 113,50. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 112,80 / 113,50 range. If the resistance is broken then the target will be 114,10 (65 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

113,50 - 113,70

Supports

113,20 - 112,80

more information on USD/JPY - Dollar Yen

GBP/JPY - British Pound Yen

225,44. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 223,50 / 226,00 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

225,60 - 226,10

Supports

225,00 - 223,50

more information on GBP/JPY - British Pound Yen

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Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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Currency Majors Technical Analysis - American Session

USD/CAD - US Dollar Canadian Dollar

EUR/CAD - Euro Canadian Dollar

USD/JPY - Dollar Yen

GBP/JPY - British Pound Yen

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