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Monday, 9 July 2007

mataf

EURUSD
1,3622. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3580 and 1,3650. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,3580 / 1,3650 range. If the resistance is broken then the target will be 1,3800. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,3635 - 1,3650
Supports
1,3615 - 1,3580

USDCHF
1,2188. USD CHF is in a range between 1,2100 and 1,2200. USD CHF 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 Bollinger bands. We won't take a position.

Resistances
1,2195 - 1,2200 - 1,2220
Supports
1,2160 - 1,2100

USDJPY
123,67. USD JPY is in an uptrend supported 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 bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue to gather momentum. The target is expected at 124,25 (60 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
123,70 - 124,00
Supports
123,30 - 123,00

GBPUSD
2,0113. GBP USD is in a range between 2,0080 and 2,0200. 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 continue to move in Bollinger bands. We won't take a position.

Resistances
2,0120 - 2,0150
Supports
2,0100 - 2,0080