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Friday, 3 August 2007

Mataf

EURUSD
1,3706. EUR USD is in a range between 1,3640 and 1,3725. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances
1,3710 - 1,3725
Supports
1,3690 - 1,3670

USDCHF
1,2032. USD CHF is in a range between 1,2000 and 1,2060. 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 Bollinger bands. We won't take a position.

Resistances
1,2050 - 1,2060
Supports
1,2025 - 1,2000

USDJPY
119,14. USD JPY is in a range between 118,10 and 119,50. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 119,50. If the resistance is broken then the target will be 120,50 (130 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
119,30 - 119,50
Supports
119,00 - 118,90 - 118,50

GBPUSD
2,0356. GBP USD broke 2,0330 resistance. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 2,0310 / 2,0390 range. We won't take a position.

Resistances
2,0375 - 2,0390
Supports
2,0350 - 2,0340 - 2,0310