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Currency Majors Technical Analysis

By Jan 03, 2008 07:00PM ET

www.investing.com/analysis/technical/currency-majors-technical-analysis-3192

By | Jan 03, 2008 07:00PM ET

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American Session

EUR/USD - Euro Dollar

1,4715. EUR USD is in a consolidation after the last bullish movement. There is an horizontal range between 1,4690 and 1,4765. Support and resistance are given by Bollinger bands. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. If the support is broken then the target will be 1,4570. If the resistance is broken then the target will be 1,5000. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4720 - 1,4765

Supports

1,4695 - 1,4570

GBP/JPY - British Pound Yen

215,99. 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. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 217,00. The downtrend should continue to gather momentum.
=> We could take a short position at 216,00. We will put the stop loss above 217,00 (-100 pips). The targets are 214,00 (+200 pips) 212,50 (+350 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

217,00 - 217,75

Supports

214,80 - 214,00

USD/JPY - Dollar Yen

109,37. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 109,90. The downtrend should continue to gather momentum.
=> We could take a short position at 109,40. We will put the stop loss above 109,80 (-40 pips). The targets are 108,30 (+110 pips) 107,60 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

109,80 - 110,10

Supports

108,90 - 108,30

USD/CAD - US Dollar Canadian Dollar

0,9882. USD CAD is in a range between 0,9850 and 0,9960. USD CAD 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 0,9850 / 0,9960 range. We won't take a position.

Resistances

0,9910 - 0,9960

Supports

0,9870 - 0,9770

EUR/CAD - Euro Canadian Dollar

1,4531. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is low. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4480 / 1,4690 range. If the support is broken then the target will be 1,4400.

Resistances

1,4575 - 1,4640

Supports

1,4490 - 1,4400

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	38,592.5	+626.9	+1.65%
US 500	5,129.5	+67.3	+1.33%
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S&P 500	5,062.25	-11.83	-0.23%
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Dollar Index	102.670	-0.302	-0.29%

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Silver	30.020	+0.416	+1.41%
Copper	4.3160	+0.0092	+0.21%
US Soybeans	993.13	+8.63	+0.88%

U.S. 10Y	4.175	+0.018	+0.43%
U.S. 30Y	4.648	+0.054	+1.18%
U.S. 5Y	3.843	+0.001	+0.03%
U.S. 3M	4.320	+0.050	+1.17%
US 10Y T-Note	112.02	-0.05	-0.04%
Euro Bund	130.01	-0.09	-0.07%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	181.46	-6.92	-3.67%
NVIDIA	97.64	+3.33	+3.53%
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Tesla	233.29	-6.14	-2.56%
Amazon.com	175.26	+4.26	+2.49%
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Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

GBP/JPY - British Pound Yen

USD/JPY - Dollar Yen

USD/CAD - US Dollar Canadian Dollar

EUR/CAD - Euro Canadian Dollar

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