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Currency Majors Technical Analysis

By Jan 08, 2008 07:00PM ET

www.investing.com/analysis/technical/currency-majors-technical-analysis-3308

By | Jan 08, 2008 07:00PM ET

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American Session

EUR/USD - Euro Dollar

1,4681. EUR USD is in a range between 1,4660 and 1,4770. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,4660 / 1,4760 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4700 - 1,4735

Supports

1,4660 - 1,4650

USD/CHF - Dollar Swiss Franc

1,1131. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. USD CHF is in a range between 1,1060 and 1,1200. The volatility is low. 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 1,1200.
=> We could take a short position at 1,1150. We will put the stop loss above 1,1200 (-50 pips). The targets are 1,1060 (+90 pips) 1,1000 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,1160 - 1,1200

Supports

1,1105 - 1,1050

GBP/USD - British Pound Dollar

1,9610. GBP USD broke 1,9660 support. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at 1,9500.

Resistances

1,9660 - 1,9750

Supports

1,9585 - 1,9500

USD/CAD - US Dollar Canadian Dollar

1,0063. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 0,9985 and 1,0070. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. If the resistance is broken then the target will be 1,0200.

Resistances

1,0070 - 1,0100

Supports

1,0020 - 0,9985

EUR/CAD - Euro Canadian Dollar

1,4766. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,4680 and 1,4830. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a support above 1,4700.
=> We could take a long position at 1,4750. We will put the stop loss below 1,4700 (-50 pips). The targets are 1,4830 (+80 pips) 1,4950 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,4830 - 1,4900

Supports

1,4730 - 1,4700 - 1,4680

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

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Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

USD/CHF - Dollar Swiss Franc

GBP/USD - British Pound Dollar

USD/CAD - US Dollar Canadian Dollar

EUR/CAD - Euro Canadian Dollar

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