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Wednesday, 28 November 2007

Mataf

EUR/USD - Euro Dollar
1,4758. EUR USD broke 1,4770 support. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue. The price should find a support above 1,4710. We won't take a position.

Resistances
1,4775 - 1,4810
Supports
1,4710 - 1,4650

GBP/JPY - British Pound Yen
226,75. GBP JPY broke 225,50 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue on 228,00 (120 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
227,10 - 228,00
Supports
225,50 - 224,00

USD/CAD - US Dollar Canadian Dollar
0,9926. 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. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should find a support above 0,9910. If the support is broken then the target will be 0,9800 (130 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
0,9950 - 1,0000
Supports
0,9910 - 0,9800

USD/CHF - Dollar Swiss Franc
1,1159. USD CHF broke 1,1080 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1200. The price should consolidate. If the resistance is broken then the target will be 1,1310 (140 pips).

Resistances
1,1200 - 1,1250
Supports
1,1140 - 1,1100