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Currency Majors Technical Analysis

By Feb 24, 2008 07:00PM ET
www.investing.com/analysis/technical/currency-majors-technical-analysis-4726
Currency Majors Technical Analysis
By   |  Feb 24, 2008 07:00PM ET
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European Session

EUR/USD - Euro Dollar

1,4815. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The target is expected at 1,4930 (115 pips).

Resistances

1,4860 - 1,4930

Supports

1,4790 - 1,4750

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,9657. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,9700. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,9700 - 1,9740

Supports

1,9605 - 1,9550

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

USD/JPY - Dollar Yen

107,42. USD JPY broke 107,50 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 107,50. The consolidation should continue. The target is expected at 106,75 (65 pips).

Resistances

107,50 - 107,70

Supports

107,20 - 106,75

more information on USD/JPY - Dollar Yen Click Here

EUR/JPY - Euro Yen

159,12. EUR JPY is in an uptrend supported by 4H exponential moving averages. EUR JPY is in a consolidation after the last bullish movement. EUR JPY is in a range between 158,00 and 159,40. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 159,40. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

159,40 - 159,65

Supports

158,90 - 158,00

more information on EUR/JPY - Euro Yen Click Here

GBP/JPY - British Pound Yen

211,15. There is an horizontal range between 210,00 and 211,50. Support and resistance are given by Bollinger bands. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. 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

211,50 - 212,00

Supports

211,00 - 210,00

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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