Currency Majors Technical Analysis

[SIZE="5"]EUR/USD - Euro Dollar[/SIZE]
1,5589. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5600. The downtrend should continue to gather momentum. => We could take a short position at 1,5590. We will put the stop loss above 1,5630 (-40 pips). The targets are 1,5530 (+60 pips) 1,5490 (+100 pips) 1,5400 (+190 pips). [b]Each trade is dangerous, take care and put your stop loss[/b]. Trade configuration (1 Speculative -> 4 Trend following): [b]2[/b].
[INDENT][B]Resistances[/B]
1,5600 - 1,5625
[B]Supports[/B]
1,5560 - 1,5530[/INDENT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL]
[CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][SIZE="5"]GBP/USD - British Pound Dollar[/SIZE]
1,9743. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (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 1,9760. We will put the stop loss above 1,9800 (-40 pips). The targets are 1,9700 (+60 pips) 1,9660 (+100 pips) 1,9600 (+160 pips). [b]Each trade is dangerous, take care and put your stop loss[/b]. Trade configuration (1 Speculative -> 4 Trend following): [b]3[/b].
[INDENT][B]Resistances[/B]
1,9790 - 1,9850
[B]Supports[/B]
1,9725 - 1,9700[/INDENT]more information on [URL="http://www.mataf.net/en/forex-gbpusd.htm"]GBP/USD - British Pound Dollar [B]Click Here[/B][/URL]
[CENTER][IMG]http://www.mataf.net/section/devises/page/images/gbpusd.png[/IMG][/CENTER][SIZE="5"]USD/CAD - US Dollar Canadian Dollar[/SIZE]
1,0271. USD CAD 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. The uptrend should continue on 1,0350 (80 pips) resistance. => We could take a long position at 1,0270. We will put the stop loss below 1,0230 (-40 pips). The targets are 1,0330 (+60 pips) 1,0350 (+80 pips). [b]Each trade is dangerous, take care and put your stop loss[/b]. Trade configuration (1 Speculative -> 4 Trend following): [b]3[/b].
[INDENT][B]Resistances[/B]
1,0290 - 1,0350
[B]Supports[/B]
1,0230 - 1,0215[/INDENT]more information on [URL="http://www.mataf.net/en/forex-usdcad.htm"]USD/CAD - US Dollar Canadian Dollar [B]Click Here[/B][/URL]
[CENTER][IMG]http://www.mataf.net/section/devises/page/images/usdcad.png[/IMG][/CENTER][SIZE="5"]USD/CHF - Dollar Swiss Franc[/SIZE]
1,0469. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. USD CHF is in a range between 1,0440 and 1,0515. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,0450. The uptrend should continue to gather momentum. => We could take a long position at 1,0460. We will put the stop loss below 1,0430 (-30 pips). The targets are 1,0510 (+50 pips) 1,0550 (+90 pips) 1,0600 (+140 pips). [b]Each trade is dangerous, take care and put your stop loss[/b]. Trade configuration (1 Speculative -> 4 Trend following): [b]3[/b].
[INDENT][B]Resistances[/B]
1,0515 - 1,0550
[B]Supports[/B]
1,0440 - 1,0400[/INDENT]more information on [URL="http://www.mataf.net/en/forex-usdchf.htm"]USD/CHF - Dollar Swiss Franc [B]Click Here[/B][/URL]
[CENTER][IMG]http://www.mataf.net/section/devises/page/images/usdchf.png[/IMG][/CENTER][SIZE="5"]USD/JPY - Dollar Yen[/SIZE]
107,70. USD JPY is in a range between 107,30 and 108,30. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). 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.
[INDENT][B]Resistances[/B]
107,80 - 108,30
[B]Supports[/B]
107,30 - 107,00[/INDENT]more information on [URL="http://www.mataf.net/en/forex-usdjpy.htm"]USD/JPY - Dollar Yen [B]Click Here[/B][/URL]
[CENTER][IMG]http://www.mataf.net/section/devises/page/images/usdjpy.png[/IMG][/CENTER]