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Wednesday, 21 November 2007

Mataf

EUR/USD - Euro Dollar
1,4836. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4900 (65 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4850 - 1,4900
Supports
1,4815 - 1,4770

GBP/USD - British Pound Dollar
2,0675. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 2,0700. The consolidation should continue. We won't take a position.

Resistances
2,0565 - 1,0650
Supports
2,0450 - 2,0375

USD/CHF - Dollar Swiss Franc
1,1036. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The target is expected at 1,0970 (65 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,1060 - 1,1100
Supports
1,1025 - 1,0970

USD/JPY - Dollar Yen
109,08. USD JPY broke 109,60 support. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 108,00 (110 pips) support.

Resistances
109,70 - 110,50
Supports
108,90 - 108,00

USD/CAD - US Dollar Canadian Dollar
0,9797. USD CAD is in a triangle pattern. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 0,9860. If the resistance is broken then the target will be 1,0100 (200 pips).

Resistances
0,9825 - 0,9860
Supports
0,9780 - 0,9750