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Thursday, 12 July 2007

Mataf

EURUSD
1,3752. 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 uptrend should continue to gather momentum.
=> We could take a long position at 1,3750. We will put the stop loss below 1,3720 (-30 pips). The targets are 1,3800 (+50 pips) 1,3900 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
1,3775 - 1,3800
Supports
1,3740 - 1,3725 - 1,3705

USDCHF
1,2050. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 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 1,2050. We will put the stop loss above 1,2080 (-30 pips). The targets are 1,2000 (+50 pips) 1,1900 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,2070 - 1,2100
Supports
1,2040 - 1,2000

USDJPY
122,30. USD JPY is in a consolidation after the last bearish movement. USD JPY 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 121,00 / 122,60 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
122,40 - 122,60
Supports
122,10 - 122,00 - 121,50

GBPUSD
2,0314. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. 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. The target is expected at 2,0600.
=> We could take a long position at 2,0310. We will put the stop loss below 2,0280 (-30 pips). The targets are 2,0370 (+60 pips) 2,0430 (+120 pips) 2,0500 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
2,0340 - 2,0370
Supports
2,0310 - 2,0250