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Friday, 7 September 2007

Mataf

EURUSD
1,3669. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3565 and 1,3700. 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 1,3630 / 1,3700 range. We won't take a position.

Resistances
1,3680 - 1,3700
Supports
1,3665 - 1,3640

USDCHF
1,2023. 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 is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to consolidate. The price should find a support above 1,2000. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,2030 - 1,2050
Supports
1,2000 - 1,1980

USDJPY
115,15. There is an horizontal range between 114,90 and 115,50. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. If the support is broken then the target will be 114,0 (115 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
115,35 - 115,50
Supports
115,00 - 114,90

GBPUSD
2,0209. There is an horizontal range between 2,0150 and 2,0260. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances
2,0220 - 2,0260
Supports
2,0180 - 2,0160