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Currency Majors Technical Analysis

By Jan 29, 2008 07:00PM ET
www.investing.com/analysis/technical/currency-majors-technical-analysis-4065
Currency Majors Technical Analysis
By   |  Jan 29, 2008 07:00PM ET
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American Session

EUR/USD - Euro Dollar

1,4770. EUR USD is in a range between 1,4660 and 1,4820. The volatility is low. Oscillators are neutral. The price should continue to move in 1,4740 / 1,4820 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4880 - 1,4900

Supports

1,4740 - 1,4660

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9886. GBP USD is in an uptrend supported 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 bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,9950. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,9950 - 2,0000

Supports

1,9880 - 1,9810

more information on GBP/USD - British Pound Dollar Click Here

USD/CAD - US Dollar Canadian Dollar

0,9955. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 0,9880 (75 pips) support.

Resistances

1,0000 - 1,0050

Supports

0,9940 - 0,9880

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

EUR/CAD - Euro Canadian Dollar

1,4705. EUR CAD is in an uptrend which support is 1,4650 and resistance is 1,4950. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 1,4650 (75 pips).

Resistances

1,4770 - 1,4900

Supports

1,4700 - 1,4650

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

GBP/JPY - British Pound Yen

213,20. GBP JPY is in a range between 210,90 and 213,25. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

213,50 - 214,00

Supports

212,00 - 210,90

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

Currency Majors Technical Analysis
 

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Currency Majors Technical Analysis

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