Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4226. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,4175 (51 pips). If the support breaks then the target will be 1,4130 (96 pips).

Resistances

1,4255 - 1,4390

Supports

1,4175 - 1,4150

GBP/USD - British Pound Dollar

1,6221. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,6115 / 1,6385 range.

Resistances

1,6245 - 1,6385

Supports

1,6180 - 1,6115

USD/CHF - Dollar Swiss Franc

1,0669. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0705 - 1,0745

Supports

1,0635 - 1,0540

USD/CAD - US Dollar Canadian Dollar

1,1053. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1075 (22 pips). The consolidation should continue.

Resistances

1,1075 - 1,1115

Supports

1,0995 - 1,0895

USD/JPY - Dollar Yen

92,50. USD JPY is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.

Resistances

92,75 - 93,10

Supports

92,35 - 92,00

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Published on Wed, Sep 2 2009, 12:14 GMT