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Monday 22 September 2008

Mataf

EUR/USD - Euro Dollar
1,4484. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should consolidate. The price should continue to move in 1,4250 / 1,4600 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4550 - 1,4600
Supports
1,4380 - 1,4250

GBP/USD - British Pound Dollar
1,8286. GBP USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,8100. The uptrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,8380 - 1,8500
Supports
1,8110 - 1,7920

USD/CAD - US Dollar Canadian Dollar
1,0488. USD CAD broke 1,0580 support. USD CAD is in a consolidation after the last bearish movement. 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 USD CAD. The price should find a support above 1,0425. The consolidation should continue. If the support is broken then the target will be 1,0300.
We are waiting for a break of support to take a short position.

Resistances
1,0580 - 1,0670
Supports
1,0440 - 1,0380

USD/CHF - Dollar Swiss Franc
1,1017. USD CHF is in a range between 1,0900 and 1,1250. USD CHF 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 1,0900 / 1,1250 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,1110 - 1,1250
Supports
1,0980 - 1,0900

USD/JPY - Dollar Yen
106,60. USD JPY is in a consolidation after the last bullish movement. 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 105,00 / 108,00 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
107,20 - 108,00
Supports
106,35 - 105,00