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Currency Majors Technical Analysis

By Jan 06, 2008 07:00PM ET

www.investing.com/analysis/technical/currency-majors-technical-analysis-3229

By | Jan 06, 2008 07:00PM ET

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American Session

EUR/USD - Euro Dollar

1,4729. EUR USD is in a range between 1,4665 and 1,4830. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,4755 - 1,4830

Supports

1,4700 - 1,4650

more information on EUR/USD - Euro Dollar Click Here

GBP/JPY - British Pound Yen

215,21. 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. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 216,00.
=> We could take a short position at 215,30. We will put the stop loss above 216,10 (-80 pips). The targets are 213,70 (+160 pips) 211,50 (+380 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

216,00 - 216,15

Supports

214,75 - 213,70

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

USD/JPY - Dollar Yen

109,06. 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 high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The price should find a resistance below 109,60.
=> We could take a short position at 109,10. We will put the stop loss above 109,60 (-50 pips). The targets are 108,20 (+90 pips) 107,75 (+135 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

109,45 - 109,60

Supports

108,65 - 108,20

more information on USD/JPY - Dollar Yen Click Here

USD/CAD - US Dollar Canadian Dollar

0,9994. USD CAD is in a consolidation after the last bullish movement. The price is just above 0,9960 support. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,0025 - 1,0070

Supports

0,9980 - 0,9960

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

EUR/CAD - Euro Canadian Dollar

1,4722. 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. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The uptrend should continue to gather momentum. The price should find a support above 1,4680.
=> We could take a long position at 1,4720. We will put the stop loss below 1,4660 (-60 pips). The targets are 1,4810 (+90 pips) 1,5000 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,4745 - 1,4810

Supports

1,4680 - 1,4660

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

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	38,598.0	+632.4	+1.67%
US 500	5,129.5	+67.3	+1.33%
Dow Jones	37,965.60	-349.26	-0.91%
S&P 500	5,062.25	-11.83	-0.23%
Nasdaq	15,603.26	+15.48	+0.10%
S&P 500 VIX	46.98	+1.67	+3.69%
Dollar Index	102.665	-0.307	-0.30%

Crude Oil WTI	61.25	+0.55	+0.91%
Brent Oil	64.72	+0.51	+0.79%
Natural Gas	3.674	+0.046	+1.27%
Gold	3,019.66	+46.06	+1.55%
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	4.177	+0.020	+0.48%
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%
Alphabet A	146.75	+1.15	+0.79%
Tesla	233.29	-6.14	-2.56%
Amazon.com	175.26	+4.26	+2.49%
Netflix	867.83	+11.97	+1.40%
Meta Platforms	516.25	+11.52	+2.28%

	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

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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