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Wednesday, 1 August 2007

Mataf

EURUSD
1,3646. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support above 1,3600. If the support is broken then the target will be 1,3500 (150 pips).
=> We could take a short position at 1,3650. We will put the stop loss above 1,3680 (-30 pips). The targets are 1,3600 (+50 pips) 1,3500 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,3675 - 1,3690
Supports
1,3630 - 1,3610 - 1,3600

USDCHF
1,2003. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,2000 support. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (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 1,2000/1,1990. 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 1,1950 (+50 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
1,2010 - 1,2030
Supports
1,1990 - 1,1960

USDJPY
118,30. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The price is just above 118,20 support. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (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. If the support is broken then the target will be 116,50.
=> We could take a short position at 118,30. We will put the stop loss above 118,60 (-30 pips). The targets are 117,60 (+70 pips) 117,00 (+130 pips) 116,50 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
118,40 - 118,70
Supports
118,20 - 118,10

GBPUSD
2,0255. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The target is expected at 2,0150.
=> We could take a short position at 2,0260. We will put the stop loss above 2,0290 (-30 pips). The targets are 2,0200 (+60 pips) 2,0150 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
2,0280 - 2,0310
Supports
2,0245 - 2,0200