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Tuesday, 29 January 2008

Mataf

EUR/USD - Euro Dollar
1,4760. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4660 and 1,4800. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4800 - 1,4900
Supports
1,4750 - 1,4670

USD/CHF - Dollar Swiss Franc
1,0960. USD CHF broke 1,0940 resistance. USD CHF is in a range between 1,0850 and 1,0990. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,0990 resistance.

Resistances
1,0990 - 1,1010
Supports
1,0940 - 1,0910

USD/JPY - Dollar Yen
107,13. USD JPY is in a range between 106,00 and 108,00. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances
107,20 - 107,90
Supports
106,50 - 106,00

GBP/JPY - British Pound Yen
212,88. GBP JPY is in a range between 209,50 and 214,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a resistance below 214,00. We won't take a position.

Resistances
213,60 - 214,00
Supports
211,50 - 209,50

EUR/JPY - Euro Yen
158,10. EUR JPY is in a range between 155,60 and 159,00. EUR JPY 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. The price should continue to move in 155,60 / 159,00 range. We won't take a position.

Resistances
158,50 - 159,00
Supports
157,20 - 155,60