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Wednesday, 5 September 2007

Mataf

EURUSD
1,3579. EUR USD broke 1,3600 support. EUR USD is in a range between 1,3560 and 1,3640. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The price should find a support above 1,3560 / 1,3550. If the support is broken then the target will be 1,3450 (120 pips).
=> We could take a short position at 1,3580. We will put the stop loss above 1,3610 (-30 pips). The targets are 1,3500 (+80 pips) 1,3450 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,3590 - 1,3600
Supports
1,3600 - 1,3575

USDCHF
1,2117. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) crosses and gives a positive signal. The uptrend should continue to gather momentum. The price should find a resistance below 1,2175 (60 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,2125 - 1,2150
Supports
1,2090 - 1,2070

USDJPY
115,93. USD JPY made a false break and continues the actual trend.. USD JPY is in a range between 115,30 and 116,50. USD JPY 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 Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
116,15 - 116,40
Supports
115,70 - 115,30

GBPUSD
2,0096. GBP USD is in a range between 2,0080 and 2,0200. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 2,0080 support. The volatility is high. Bollinger bands are parallel and form the trend. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The price should find a support above 2,0080. If the support is broken then the target will be 1,9800 (280 pips).
=> We could take a short position at 2,0100. We will put the stop loss above 2,0130 (-30 pips). The targets are 2,0020 (+80 pips) 1,9980 (+120 pips) 1,9800 (+300 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
2,0130 - 2,0160
Supports
2,0080 - 2,0045