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Tuesday, 28 August 2007

Mataf

EURUSD
1,3627. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should consolidate. The price should continue to move in 1,3620 / 1,3650 range. We won't take a position.

Resistances
1,3640 - 2,3650
Supports
1,3620 - 1,3595

USDCHF
1,2025. USD CHF is in a range between 1,2000 and 1,2090. USD CHF 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 bearish configuration. The price should continue to move in 1,2000 / 1,2090 range. If the support is broken then the target will be 1,1900 (125 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,2030 - 1,2045
Supports
1,2020 - 1,2000

USDJPY
115,39. USD JPY broke 115,80 support. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.
=> We could take a short position at 115,45. We will put the stop loss above 115,80 (-35 pips). The targets are 114,50 (+95 pips) 114,00 (+145 pips) 112,00 (+345 pips) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
115,80 - 116,00
Supports
115,30 - 115,10

GBPUSD
2,0070. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility rises. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to consolidate. We won't take a position.

Resistances
2,0100 - 2,0125
Supports
2,0050 - 2,0025