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Tuesday, 26 February 2008

Mataf

EUR/USD - Euro Dollar
1,4818. 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 low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,4930 resistance. The price should find a support above 1,4790.
Resistances
1,4840 - 1,4860
Supports
1,4810 - 1,4790

GBP/JPY - British Pound Yen
212,15. GBP JPY broke 212,00 resistance. GBP JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 213,00. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
212,75 - 213,40
Supports
212,00 - 211,00

GBP/USD - British Pound Dollar
1,9655. GBP USD is in a consolidation after the last bullish movement. GBP USD 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 consolidation should continue. The price should find a support above 1,9610. If the support is broken then the target will be 1,9400.
Resistances
1,9665 - 1,9710
Supports
1,9645 - 1,9610

USD/CAD - US Dollar Canadian Dollar
0,9974. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 0,9940. If the support is broken then the target will be 0,9500 (475 pips).
Resistances
0,9990 - 1,0010
Supports
0,9940 - 0,9920

USD/CHF - Dollar Swiss Franc
1,0898. USD CHF is in a range between 1,0840 and 1,0920. USD CHF 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
1,0910 - 1,0920
Supports
1,0865 - 1,0835