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Monday, 23 July 2007

Mataf

EURUSD
1,3831. EUR USD is in an uptrend supported 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 bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue to gather momentum. The target is expected at 1,3950.
=> We could take a long position at 1,3830. We will put the stop loss below 1,3800 (-30 pips). The targets are 1,3880 (+50 pips) 1,3950 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
1,3845 - 1,3855 - 1,3880
Supports
1,3830 - 1,3800

USDCHF
1,1996. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a range between 1,1980 and 1,2050. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,1975. If the support is broken then the target will be 1,1800.
=> We could take a short position at 1,2000. We will put the stop loss above 1,2030 (-30 pips). The targets are 1,1940 (+60 pips) 1,1900 (+100 pips) 1,1800 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
2,2020 - 1,2035
Supports
1,1980 - 1,1960

USDJPY
102,97. USD JPY broke 121,65 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 120,80. If the support is broken then the target will be 120,00.
=> We could take a short position at 121,00. We will put the stop loss above 121,30 (-30 pips). The targets are 120,60 (+40 pips) 120,00 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
121,15 - 121,50
Supports
120,80 - 120,60

GBPUSD
2,0578. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 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 2,0570. We will put the stop loss below 1,0540 (-100 pips). The targets are 2,0650 (+80 pips) 1,0700 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
2,0590 - 2,0600
Supports
2,0560 - 2,0540