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Wednesday, 20 February 2008

Mataf

EUR/USD - Euro Dollar
1,4635. EUR USD broke 1,4700 support. EUR USD broke the uptrend to begin a bearish movement. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 1,4625. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4670 - 1,4700
Supports
1,4625 - 1,4550

GBP/USD - British Pound Dollar
1,9406. GBP USD broke 1,9465 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,9370 / 1,9400. If the support is broken then the target will be 1,9100.

Resistances
1,9450 - 1,9500
Supports
1,9400 - 1,9370

GBP/JPY - British Pound Yen
109,50. GBP JPY is in a consolidation after the last bearish movement. GBP JPY is in a range between 209,00 and 210,80. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances
210,00 - 210,80
Supports
209,00 - 207,70

USD/CAD - US Dollar Canadian Dollar
1,0189. USD CAD broke 1,0180 resistance. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue to gather momentum. The target is expected at 1,0500 (315 pips). The price should find a resistance below 1,0215.

Resistances
1,0215 - 1,0275
Supports
1,0180 - 1,0120

USD/CHF - Dollar Swiss Franc
1,1008. USD CHF is in a range between 1,0890 and 1,1050. USD CHF 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 bullish pressure on USD CHF. The price should continue to move in 1,0890 / 1,1050 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,1010 - 1,1050
Supports
1,0960 - 1,0915