Currency Technical Analysis

By Fx GreeceJun 17, 2008 08:00PM ET

www.investing.com/analysis/technical/currency-technical-analysis-7813

Currency Technical Analysis

By Fx Greece | Jun 17, 2008 08:00PM ET

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EUR/USD

Resistance
: 1,5530/ 1,5560-70/ 1,5610-15/ 1,5640
Support : 1,5450-60/ / 1,5435/1,5410/ 1,5360-70/ 1,5340/ 1,5300

Comment : The move was limited at 1,5550 area and euro seems to be forming a short-term consolidation. The short term upward move after 1.5300 lows, may not be strong enough to reach the ranges of the wider formation (1,5800-50), and a consolidation would be a possible scenario until the picture and the player's intentions are clear...
First intraday support is found at 1.5455-60 area, followed by 1.5385-00 and interim support at 1.5430.
Resistance emerges at yesterday's highs (1.5550) and 1.5600-20, which are considered as the ranges for today.

TRADING EUR/USD : The short-term trend remains bullish, but due to the oscillator's picture, we should remain cautious. We keep our short-term positions small and we will try buy positions at the first resistance level at 1.5455-60, with close stops, according to our scenario of a sideways consolidation formation between 1.5450 and 1.5550. Next important support level, that is offered for buy positions, emerges at 1,5385-00. Stops should be set below 1.5340...
Sell positions could be tried at yesterday's tops or at 1.5585-00 area, which seems to be stronger. Stops should be set above 1.5630...

GBP/USD

Resistance : 1,9530/ 1,9575-80/ 1,9620/ 1,9650
Support : 1,9500/ 1,9470/ 1,9430/ 1,9390

Comment : The pound performed a big decline after the news releases and the change in the market's expectations about the interest rates. High volatility may be continued and the area of 1.9400-30 may be reached again.
First important support for today is found at 1,9480-00, followed by the area of 1,9430-40.
Resistance emerges at 1.9575-80 and 1.9615-25, which seems to be stronger.

TRADING GBP/USD : Volatility is high and it is difficult to choose a short-term strategy. We will follow the scenario of a sideways consolidation between the Bollinger Bands in the hourly chart, with small positions...

USD/JPY

USD/CHF

Technical analysis-Comments
G. Antonakos
Head of Analysis Dept.

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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Central Banks

Interest Rates

Next Meeting

FED

4.00%

Oct 28, 2026

ECB

2.65%

Oct 29, 2026

BOE

3.75%

Oct 29, 2026

SNB

0.00%

Dec 10, 2026

RBA

4.60%

Nov 03, 2026

BOC

2.25%

Oct 28, 2026

RBNZ

2.75%

Oct 28, 2026

BOJ

1.25%

Oct 30, 2026

CBR

14.00%

Oct 23, 2026

RBI

5.50%

Dec 04, 2026

PBOC

3.00%

Oct 20, 2026

BCB

13.75%

Nov 03, 2026

US 30	51,371.8	+140.1	+0.27%
US 500	7,786.5	+21.0	+0.27%
Dow Jones	51,381.91	+150.27	+0.29%
S&P 500	7,786.46	+21.10	+0.27%
Nasdaq	27,276.28	+82.94	+0.31%
S&P 500 VIX	15.06	-0.35	-2.27%
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Crude Oil WTI	91.57	+0.08	+0.09%
Brent Oil	104.02	-0.26	-0.25%
Natural Gas	3.194	+0.026	+0.82%
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Silver	61.333	+1.909	+3.21%
Copper	6.7023	+0.1338	+2.04%
US Soybeans	1,296.25	+8.25	+0.64%

U.S. 10Y	5.260	+0.031	+0.59%
U.S. 30Y	5.621	+0.014	+0.25%
U.S. 5Y	5.030	+0.039	+0.78%
U.S. 3M	4.165	+0.014	+0.34%
US 10Y T-Note	104.50	-0.22	-0.21%
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Alphabet A	350.97	+2.68	+0.77%
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Amazon.com	258.45	+4.39	+1.73%
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Meta Platforms	718.52	-2.37	-0.33%

Currency Technical Analysis

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