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Wednesday, 24 October 2007

Mataf

EUR/USD - Euro Dollar
1,4249. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to consolidate. We won't take a position.

Resistances
1,4270 - 1,4300
Supports
1,4235 - 1,4200

GBP/USD - British Pound Dollar
2,0475. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 2,0280 and 2,0550. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 2,0550. The price should continue to move in 2,0280 / 2,0550 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
2,0520 - 2,0550
Supports
2,0445 - 2,0370

USD/CHF - Dollar Swiss Franc
1,1721. USD CHF is in a consolidation after the last bullish movement. The price is just bellow 1,1760 resistance. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The uptrend seems to be finished. The trend should reverse. The price should find a support above 1,1700. If the support is broken then the target will be 1,1630.
=> We could take a short position at 1,1725. We will put the stop loss above 1,1765 (-40 pips). The targets are 1,1660 (+65 pips) 1,1630 (+95 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances
1,1740 - 1,1765
Supports
1,1720 - 1,1700

USD/JPY - Dollar Yen
114,34. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum.
=> We could take a short position at 114,30. We will put the stop loss above 114,70 (-40 pips). The targets are 113,70 (+60 pips) 113,40 (+90 pips) 112,00 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
114,70 - 115,00
Supports
114,25 - 113,85

GBP/JPY - British Pound Yen
234,32. GBP JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The uptrend seems to be finished. The trend should reverse.
=> We could take a short position at 234,40. We will put the stop loss above 235,00 (-60 pips). The targets are 233,30 (+110 pips) 231,10 (+330 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances
234,60 -235,00 - 236,00
Supports
233,30 - 232,60