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Currency Majors Technical Analysis - American Session

By Jan 10, 2008 07:00PM ET
www.investing.com/analysis/technical/currency-majors-technical-analysis---american-session-3370
Currency Majors Technical Analysis - American Session
By   |  Jan 10, 2008 07:00PM ET
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EUR/USD - Euro Dollar

1,4792. EUR USD broke 1,4760 resistance. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue to gather momentum. The target is expected at 1,4900 (100 pips).

Resistances

1,4815 - 1,4860

Supports

1,4750 - 1,4700

more information on EUR/USD - Euro Dollar Click Here

GBP/JPY - British Pound Yen

213,30. GBP JPY broke 213,70 support. 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 is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at 210,50 (280 pips).
=> We could take a short position at 213,30. We will put the stop loss above 214,00 (-70 pips). The targets are 212,00 (+130 pips) 210,50 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

213,70 - 215,00

Supports

212,00 - 210,50

more information on GBP/JPY - British Pound Yen Click Here

USD/CHF - Dollar Swiss Franc

1,1026. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,0880 (140 pips) support.
=> We could take a short position at 1,1025. We will put the stop loss above 1,1060 (-35 pips). The targets are 1,0940 (+85 pips) 1,0880 (+145 pips) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,1050 - 1,1075

Supports

1,0975 - 1,0940

more information on USD/CHF - Dollar Swiss Franc Click Here

USD/CAD - US Dollar Canadian Dollar

1,0200. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a resistance below 1,0250.

Resistances

1,0220 - 1,0250

Supports

1,0150 - 1,0050

more information on USD/CAD - US Dollar Canadian Dollar Click Here

EUR/CAD - Euro Canadian Dollar

1,5092. EUR CAD broke 1,5000 resistance. EUR CAD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The uptrend should continue to gather momentum. The price should find a resistance below 1,5130.

Resistances

1,5130 - 1,5200

Supports

1,5000 - 1,4890

more information on EUR/CAD - Euro Canadian Dollar Click Here

Currency Majors Technical Analysis - American Session
 

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Currency Majors Technical Analysis - American Session

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