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Wednesday, 9 January 2008

Mataf

EUR/USD - Euro Dollar
1,4681. EUR USD is in a range between 1,4660 and 1,4770. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,4660 / 1,4760 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4700 - 1,4735
Supports
1,4660 - 1,4650

USD/CHF - Dollar Swiss Franc
1,1131. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. USD CHF is in a range between 1,1060 and 1,1200. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 1,1200.
=> We could take a short position at 1,1150. We will put the stop loss above 1,1200 (-50 pips). The targets are 1,1060 (+90 pips) 1,1000 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,1160 - 1,1200
Supports
1,1105 - 1,1050

GBP/USD - British Pound Dollar
1,9610. GBP USD broke 1,9660 support. GBP USD 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. The downtrend should continue to gather momentum. The target is expected at 1,9500.

Resistances
1,9660 - 1,9750
Supports
1,9585 - 1,9500

USD/CAD - US Dollar Canadian Dollar
1,0063. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 0,9985 and 1,0070. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. If the resistance is broken then the target will be 1,0200.

Resistances
1,0070 - 1,0100
Supports
1,0020 - 0,9985

EUR/CAD - Euro Canadian Dollar
1,4766. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,4680 and 1,4830. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a support above 1,4700.
=> We could take a long position at 1,4750. We will put the stop loss below 1,4700 (-50 pips). The targets are 1,4830 (+80 pips) 1,4950 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,4830 - 1,4900
Supports
1,4730 - 1,4700 - 1,4680