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Wednesday, 8 August 2007

Mataf

EURUSD
1,3750. EUR USD is in a consolidation after the last bearish movement. EUR 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 1,3730 / 1,3830 range. We won't take a position.

Resistances
1,3760 - 1,3770
Supports
1,3740 - 1,3730

USDCHF
1,1963. USD CHF broke 1,1925 resistance. USD CHF 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. Oscillators are neutral. The price should find a resistance below 1,2000.
=> 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) 1,1910 (+90 pips) 1,1850 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances
1,1975 - 1,2000
Supports
1,1950 - 1,1925

USDJPY
118,94. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to consolidate. The price should continue to move in 117,60 / 119,40 range. If the resistance is broken then the target will be 122,00. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
119,05 - 119,40
Supports
118,70 - 118,35

GBPUSD
2,0216. GBP USD is in an downtrend directed by 15min exponential moving averages. The price is just above 2,0200 support. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 2,0200. If the support is broken then the target will be 2,0000.
=> We could take a short position at 2,0220. We will put the stop loss above 2,0250 (-30 pips). The targets are 2,0170 (+50 pips) 2,0100 (+120 pips) 2,0000 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
2,0230 - 2,0250
Supports
2,0000 - 2,0170