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Monday, 7 January 2008

Mataf

EUR/USD - Euro Dollar
1,4730. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances
1,4760 - 1,4820
Supports
1,4700 - 1,4650

GBP/JPY - British Pound Yen
214,65. 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 is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum.
=> We could take a short position at 214,70. We will put the stop loss above 215,70 (-100 pips). The targets are 213,00 (+170 pips) 212,50 (+220 pips) 211,50 (+320 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
215,10 - 216,15
Supports
213,70 - 213,00

GBP/USD - British Pound Dollar
1,9706. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,9500 support.
=> We could take a short position at 1,9710. We will put the stop loss above 1,9755 (-45 pips). The targets are 1,9600 (+110 pips) 1,9500 (+210 pips). Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,9755 - 1,9800
Supports
1,9685 - 1,9650

USD/CAD - US Dollar Canadian Dollar
1,0015. USD CAD broke 0,9965 resistance. USD CAD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,0050. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,0050 - 1,0060
Supports
0,9965 - 0,9900

USD/CHF - Dollar Swiss Franc
1,1097. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,1110. We will put the stop loss above 1,1160 (-50 pips). The targets are 1,1000 (+110 pips) 1,0950 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,1120 - 1,1150
Supports
1,1090 - 1,1050