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Technical Analysis

EUR/USD - Euro Dollar, European Session - 03/03/08

03 3rd, 2008

1,5215. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5150. The uptrend should continue to gather momentum. The target is expected at 1,5400 (185 pips).
Resistances
1,5220 - 1,5240
Supports
1,5190 - 1,5150

Source : EUR USD

Published in EUR USD | No Comments »

GBP/USD - British Pound Dollar, European Session - 03/03/08

03 3rd, 2008

1,9859. GBP USD is in a range between 1,9785 and 1,9950. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9865 - 1,9950
Supports
1,9835 - 1,9785

Source : GBP USD

Published in GBP USD | No Comments »

USD/CAD - US Dollar Canadian Dollar, European Session - 03/03/08

03 3rd, 2008

0,9854. USD CAD is in a range between 0,9715 and 0,9860. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9860 - 0,9900
Supports
0,9825 -0,9785

Source : USD CAD

Published in USD CAD | No Comments »

USD/CHF - Dollar Swiss Franc, European Session - 03/03/08

03 3rd, 2008

1,0341. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The price should find a support above 1,0300.
Resistances
1,0360 - 1,0400
Supports
1,0330 - 1,0300

Source : USD CHF

Published in USD CHF | No Comments »

GBP/JPY - British Pound Yen, European Session - 03/03/08

03 3rd, 2008

204,73. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H,,daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum. The target is expected at 199,00 (570 pips).
Resistances
205,10 - 206,00
Supports
204,00 - 203,00

Source : GBP JPY

Published in GBP JPY | No Comments »

USD/JPY - Dollar Yen, European Session - 03/03/08

03 3rd, 2008

103,15. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The target is expected at 101,50 (160 pips). The price should find a support above 102,75.
Resistances
103,60 - 104,15
Supports
102,90 - 102,75

Source : USD JPY

Published in USD JPY | No Comments »

EUR/JPY - Euro Yen, European Session - 03/03/08

03 3rd, 2008

157,00. EUR JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The downtrend should continue to gather momentum. The price should find a support above 156,00 (100 pips).
Resistances
157,35 - 158,00
Supports
156,60 - 156,00

Source : EUR JPY

Published in EUR JPY | No Comments »

EUR/GBP - Euro British Pound, European Session - 03/03/08

03 3rd, 2008

0,7661. EUR GBP is in an uptrend supported by 1H exponential moving averages. EUR GBP is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The target is expected at 0,7760.
Resistances
0,7675 - 0,7700
Supports
0,7650 - 0,7630

Source : EUR GBP

Published in EUR GBP | No Comments »

EUR/CHF - Euro Swiss Franc, European Session - 03/03/08

03 3rd, 2008

1,5739. EUR CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The downtrend should continue to gather momentum. The target is expected at 1,5600.
Resistances
1,5800 - 1,5860
Supports
1,5715 - 1,5680

Source : EUR CHF

Published in EUR CHF | No Comments »

EUR/CAD - Euro Canadian Dollar, European Session - 03/03/08

03 3rd, 2008

1,4985. EUR CAD is in a consolidation after the last bullish movement. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 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 EUR CAD. The uptrend should continue on 1,5100 (115 pips) resistance.
Resistances
1,5000 - 1,5100
Supports
1,4950 - 1,4925

Source : EUR CAD

Published in EUR CAD | No Comments »

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