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Thursday, 22 November 2007

Mataf

EUR/USD - Euro Dollar
1,4859. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4900 (40 pips) resistance.

Resistances
1,4875 - 1,4900 - 1,4930
Supports
1,4820 - 1,4770

GBP/USD - British Pound Dollar
2,0668. GBP USD is in a range between 2,0540 and 2,0700. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances
2,0700 - 2,0790
Supports
2,0620 - 2,0540

USD/CAD - US Dollar Canadian Dollar
0,9821. 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. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should continue to move in 0,9790 / 0,9920 range.

Resistances
0,9835 - 0,9920
Supports
0,9790 - 0,9700

USD/CHF - Dollar Swiss Franc
1,1024. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.
=> We could take a short position at 1,1030. We will put the stop loss above 1,1060 (-30 pips). The targets are 1,0970 (+60 pips) 1,0930 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
1,1040 - 1,1060
Supports
1,1010 - 1,0970

USD/JPY - Dollar Yen
109,12. USD JPY broke 109,50 support. 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. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 109,20. The downtrend should continue to gather momentum.
=> We could take a short position at 109,10. We will put the stop loss above 109,60 (-50 pips). The targets are 107,80 (+130 pips) 107,20 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
109,20 - 109,40
Supports
108,80 - 108,40