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Currency Majors Technical Analysis

By Dec 19, 2007 07:00PM ET

www.investing.com/analysis/technical/currency-majors-technical-analysis-2987

By | Dec 19, 2007 07:00PM ET

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Asian Session

EUR/USD - Euro Dollar

1,4323. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The target is expected at 1,4210.
=> We could take a short position at 1,4340. We will put the stop loss above 1,4380 (-40 pips). The targets are 1,4250 (+90 pips) 1,4210 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,4355 - 1,4425

Supports

1,4310 - 1,4250

more information on EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,9831. 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 (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9650 support.
=> We could take a short position at 1,9840. We will put the stop loss above 1,9890 (-50 pips). The targets are 1,9760 (+80 pips) 1,9650 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances

1,9845 - 1,9860

Supports

1,9805 - 1,9760

more information on GBP/USD - British Pound Dollar

EUR/JPY - Euro Yen

161,92. EUR JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The price should find a resistance below 162,30.
=> We could take a short position at 162,00. We will put the stop loss above 162,40 (-40 pips). The targets are 161,00 (+100 pips) 160,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

162,30 - 162,40

Supports

161,75 - 161,30

more information on EUR/JPY - Euro Yen

AUD/USD - Australian Dollar US Dollar

0,8582. AUD USD is in a consolidation after the last bearish movement. AUD USD is in a range between 0,8560 and 0,8640. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 0,8610. The downtrend should continue to gather momentum.
=> We could take a short position at 0,8590. We will put the stop loss above 0,8625 (-35 pips). The targets are 0,8500 (+90 pips) 0,8400 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

0,8610 - 0,8640

Supports

0,8560 - 0,8500

more information on AUD/USD - Australian Dollar US Dollar

EUR/AUD - Euro Australian Dollar

1,6691. EUR AUD is in a range between 1,6650 and 1,6815. EUR AUD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,6740 - 1,6815

Supports

1,6680 - 1,6650

more information on EUR/AUD - Euro Australian Dollar

Add a Comment

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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1D1W1M6M1Y5YMax

US 30	40,979.9	-1245.4	-2.95%
US 500	5,462.0	-208.9	-3.68%
Dow Jones	42,225.32	+235.36	+0.56%
S&P 500	5,670.97	+37.90	+0.67%
Nasdaq	17,601.05	+151.15	+0.87%
S&P 500 VIX	26.81	+5.30	+24.64%
Dollar Index	101.375	-2.116	-2.04%

Crude Oil WTI	66.52	-5.19	-7.24%
Brent Oil	69.97	-4.98	-6.64%
Natural Gas	4.126	+0.071	+1.75%
Gold	3,086.60	-79.60	-2.51%
Silver	31.995	-2.655	-7.66%
Copper	4.8628	-0.1777	-3.53%
US Soybeans	1,007.75	-20.25	-1.97%

U.S. 10Y	4.033	-0.162	-3.86%
U.S. 30Y	4.447	-0.104	-2.29%
U.S. 5Y	3.775	-0.178	-4.50%
U.S. 3M	4.298	-0.014	-0.32%
US 10Y T-Note	112.61	+1.11	+0.99%
Euro Bund	129.79	+0.71	+0.55%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	223.89	+0.70	+0.31%
NVIDIA	110.42	+0.27	+0.25%
Alphabet A	157.04	-0.03	-0.02%
Tesla	282.76	+14.30	+5.33%
Amazon.com	196.01	+3.84	+2.00%
Netflix	935.52	+7.14	+0.77%
Meta Platforms	583.93	-2.07	-0.35%

	Interest Rates	Next Meeting
FED	4.50%	May 07, 2025
ECB	2.65%	Apr 17, 2025
BOE	4.50%	May 08, 2025
SNB	0.25%	Jun 19, 2025
RBA	4.10%	May 20, 2025
BOC	2.75%	Apr 16, 2025
RBNZ	3.75%	Apr 09, 2025
BOJ	0.50%	May 01, 2025
CBR	21.00%	Apr 25, 2025
RBI	6.25%	Apr 07, 2025
PBOC	3.10%
BCB	14.25%	May 07, 2025

Currency Majors Technical Analysis

Asian Session

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

EUR/JPY - Euro Yen

AUD/USD - Australian Dollar US Dollar

EUR/AUD - Euro Australian Dollar

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