Currency Majors Technical Analysis

Forex analysis, July 25th US session

, 07-25-2008 at 09:30 AM (674 Views)

[SIZE="5"]EUR/USD - Euro Dollar[/SIZE]
1,5693. EUR USD is in a range between 1,5640 and 1,5750. The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
[INDENT][B]Resistances[/B]
1,5750 - 1,5800
[B]Supports[/B]
1,5675 - 1,5640[/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]
1,9915. GBP USD broke 1,9880 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The price should continue to move in 1,9820 / 1,9970 range. We won't take a position.
[INDENT][B]Resistances[/B]
1,9970 - 2,0020
[B]Supports[/B]
1,9890 - 1,9820[/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]
1,0145. USD CAD is in an uptrend supported by 1H exponential moving averages. The price is just bellow 1,0170 resistance. 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 1,0170. The uptrend seems to be finished. => We could take a short position at 1,0140. We will put the stop loss above 1,0180 (-40 pips). The targets are 1,0100 (+40 pips) 1,0000 (+140 pips). [b]Each trade is dangerous, take care and put your stop loss[/b]. Trade configuration (1 Speculative -> 4 Trend following): [b]1[/b].
[INDENT][B]Resistances[/B]
1,0170 - 1,0190
[B]Supports[/B]
1,0120 - 1,0090[/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]
1,0377. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 1,0400. => We could take a short position at 1,0380. We will put the stop loss above 1,0410 (-30 pips). The targets are 1,0250 (+130 pips) 1,0080 (+300 pips). [b]Each trade is dangerous, take care and put your stop loss[/b]. Trade configuration (1 Speculative -> 4 Trend following): [b]1[/b].
[INDENT][B]Resistances[/B]
1,0380 - 1,0400
[B]Supports[/B]
1,0315 - 1,0235[/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]
107,69. USD JPY broke 107,20 resistance. The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 108,00. We won't take a position. The risk/reward ratio is too high to take a position..
[INDENT][B]Resistances[/B]
107,80 - 108,00
[B]Supports[/B]
107,50 - 106,70[/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]