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Tuesday, 23 October 2007

Mataf

EUR/USD - Euro Dollar
1,4189. EUR USD broke 1,4240 support. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to consolidate. The price should find a support above 1,4135. If the support is broken then the target will be 1,4050. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4215 - 1,4275
Supports
1,4150 - 1,4050

GBP/JPY - British Pound Yen
232,80. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 233,60 /244,60. The downtrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
233,60 - 234,60
Supports
232,50 - 231,50

GBP/USD - British Pound Dollar
2,0328. GBP USD broke 2,0450 support. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should consolidate. The price should find a support above 2,0260. If the support is broken then the target will be 2,0000. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
2,0375 - 2,0425
Supports
2,0260 - 2,0215

USD/CAD - US Dollar Canadian Dollar
0,9767. USD CAD is in a consolidation after the last bullish movement. USD CAD 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. We won't take a position.

Resistances
0,9815 - 0,9850
Supports
0,9760 - 0,9685

USD/CHF - Dollar Swiss Franc
1,1778. USD CHF is in a consolidation after the last bullish movement. The price is just bellow 1,1790 resistance. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The uptrend seems to be finished. The trend should reverse. The price should find a resistance below 1,1790 / 1,1800.
=> We could take a short position at 1,1780. We will put the stop loss above 1,1815 (-35 pips). The targets are 1,1720 (+60 pips) 1,1660 (+120 pips) 1,1620 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances
1,1785 - 1,1800
Supports
1,1740 - 1,1720