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Wednesday, 11 July 2007

Mataf

EURUSD
1,3743. EUR USD broke 1,3680 resistance. EUR USD is in an uptrend supported by 4H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue to gather momentum.
=> We could take a long position at 1,3740. We will put the stop loss below 1,3710 (-30 pips). The targets are 1,3800 (+60 pips) 1,3820 (+80 pips) 1,3900 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
1,3780 - 1,3800 - 1,3820
Supports
1,3730 - 1,3710

USDCHF
1,2038. USD CHF broke 1,2100 support. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The price is just above 1,2000 support. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 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 1,2000. If the support is broken then the target will be 1,1900.
=> We could take a short position at 1,2040. We will put the stop loss above 1,2070 (-30 pips). The targets are 1,2000 (+40 pips) 1,1900 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,2045 - 1,2075
Supports
1,2025 - 1,2000

USDJPY
121,75. USD JPY broke 123,20 support. USD JPY is in a consolidation after the last bearish movement. USD JPY broke the uptrend to begin a bearish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a resistance below 122,00.
=> We could take a short position at 121,80. We will put the stop loss above 122,10 (-30 pips). The targets are 121,00 (+80 pips) 120,60 (+120 pips) 119,50 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
121,90 - 122,05
Supports
121,50 - 121,00

GBPUSD
2,0253. GBP USD broke 2,0200 resistance. GBP USD is in an uptrend supported by 4H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum.
=> We could take a long position at 2,0250. We will put the stop loss below 2,0220 (-30 pips). The targets are 2,0330 (+80 pips) 2,0390 (+140 pips) 2,0500 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
2,0280 - 2,0330
Supports
2,0245 - 2,0225