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Tuesday, 7 August 2007

Mataf

EURUSD
1,3840. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,3850. The price should continue to consolidate. The price should continue to move in 1,3770 / 1,3850 range. If the support is broken then the target will be 1,3700 (100 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,3815 - 1,3840
Supports
1,3800 - 1,3780

USDCHF
1,1898. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at 1,1700.
=> We could take a short position at 1,1900. We will put the stop loss above 1,1930 (-30 pips). The targets are 1,1835 (+65 pips) 1,1780 (+120 pips) 1,1700 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,1930 - 1,1950
Supports
1,1890 - 1,1850

USDJPY
118,68. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 117,50 and 119,40. The volatility is high. Oscillators are neutral. The price should continue to move in 117,50 / 119,70 range. We won't take a position.

Resistances
118,90 - 119,20
Supports
118,50 - 118,40 - 118,00

GBPUSD
2,0329. GBP USD is in a consolidation after the last bearish 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 find a support above 2,0280. If the support is broken then the target will be 2,0200 (130 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
2,0340 - 2,0355
Supports
2,0280 - 2,0250