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Thursday, 6 September 2007

Mataf

EURUSD
1,3649. EUR USD broke 1,3630 resistance. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3550 and 1,3780. 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.

Resistances
1,3670 - 1,3680
Supports
1,3640 - 1,3630 - 1,3550

USDCHF
1,2050. USD CHF broke 1,2100 support. USD CHF is in a consolidation after the last bearish movement. USD CHF 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 consolidate. The price should find a support above 1,2020. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,2055 - 1,2070 - 1,2100
Supports
1,2020 - 1,1990

USDJPY
115,46. USD JPY broke 115,70 support. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to consolidate. The price should find a support above 114,90. If the support is broken then the target will be 112,00. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
115,60 - 116,00
Supports
115,00 - 114,90

GBPUSD
2,0215. GBP USD made a false break and continues the actual trend.. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The target is expected at 1,2070 (55 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
2,0225 - 2,0270
Supports
2,0180 - 2,0150