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Currency Majors Technical Analysis - European Session

By Dec 20, 2007 07:00PM ET

www.investing.com/analysis/technical/currency-majors-technical-analysis---european-session-2988

By | Dec 20, 2007 07:00PM ET

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European Session

EUR/USD - Euro Dollar

1,4367. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4300 / 1,4400 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4380 - 1,4400

Supports

1,4345 - 1,4310

more information on EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,9871. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,9875. We will put the stop loss above 1,9920 (-45 pips). The targets are 1,9805 (+70 pips) 1,9770 (+105 pips) 1,9700 (+175 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,9890 - 1,9990

Supports

1,9805 - 1,9770

more information on GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,1559. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1600. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1590 - 1,1600

Supports

1,1550 - 1,1540

more information on USD/CHF - Dollar Swiss Franc

USD/JPY - Dollar Yen

113,07. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 112,80 and 113,50. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

113,25 - 113,50

Supports

113,00 - 112,80

more information on USD/JPY - Dollar Yen

EUR/GBP - Euro British Pound

0,7226. EUR GBP is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 0,7215. The uptrend should continue to gather momentum.
[arbitrage EUR USD/ GBP USD] : We expect a bullish pressure on EUR USD and a bearish pressure on GBP USD..

Resistances

0,7230 - 0,7240

Supports

0,7215 - 0,7195

more information on EUR/GBP - Euro British Pound

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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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Currency Majors Technical Analysis - European Session

European Session

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

USD/JPY - Dollar Yen

EUR/GBP - Euro British Pound

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