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Tuesday, 31 July 2007

Mataf

EURUSD
1,3710. EUR USD broke 1,3700 resistance. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3730. The price should consolidate. We won't take a position.

Resistances
1,3730 - 1,3770
Supports
1,3700 - 1,3690 - 1,3650

USDCHF
1,2034. USD CHF is in a range between 1,2000 and 1,2150. 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 1,2000 / 1,2150 range. We won't take a position.

Resistances
1,2045 - 1,2070
Supports
1,2015 - 1,2000

USDJPY
118,91. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY 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 oscillators indicate an oversold state. The price should continue to consolidate. The price should continue to move in 118,20 / 119,30 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
119,25 - 119,30 - 120,00
Supports
118,85 - 118,45

GBPUSD
2,0315. GBP USD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should continue to move in 2,0200 / 2,0350 range. If the resistance is broken then the target will be 2,0500 (190 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
2,0340 - 2,0385
Supports
2,0300 - 2,0275