Currency Majors Technical Analysis

Forex / American Session - 03/02/2009

, 02-03-2009 at 08:35 AM (664 Views)

[SIZE="5"]EUR/USD - Euro Dollar[/SIZE]
1,2853. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,2700 / 1,2910 range.
[INDENT][B]Resistances[/B]
1,2910 - 1,3030
[B]Supports[/B]
1,2805 - 1,2710[/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]
1,4191. GBP USD is in a range between 1,4075 and 1,4350. GBP USD 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 find a support above 1,4070 (121 pips). If the support is broken then the target will be 1,3500 (691 pips).
[INDENT][B]Resistances[/B]
1,4270 - 1,4345
[B]Supports[/B]
1,4170 - 1,4070[/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/CHF - Dollar Swiss Franc[/SIZE]
1,2495. USD CHF is in an uptrend supported 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 bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,2520 (25 pips). If the resistance is broken then the target will be 1,2650 (155 pips).
[INDENT][B]Resistances[/B]
1,2520 - 1,2650
[B]Supports[/B]
1,2400 - 1,2310[/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/CHF - Dollar Swiss Franc[/SIZE]
1,2495. USD CHF is in an uptrend supported 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 bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,2520 (25 pips). If the resistance is broken then the target will be 1,2650 (155 pips).
[INDENT][B]Resistances[/B]
1,2520 - 1,2650
[B]Supports[/B]
1,2400 - 1,2310[/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]
89,49. USD JPY is in a range between 88,80 and 90,00. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in Bollinger bands.
[INDENT][B]Resistances[/B]
90,00 - 90,70
[B]Supports[/B]
89,30 - 88,80[/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]