Google

Thursday, 28 February 2008

Mataf

EUR/USD - Euro Dollar
1,5135. 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 consolidation should continue. The price should continue to move in 1,5080 / 1,5150 range. If the resistance is broken then the target will be 1,5400 (260 pips).
Resistances
1,5150 - 1,5180
Supports
1,5075 - 1,5020

GBP/JPY - British Pound Yen
210,39. GBP JPY is in a range between 210,00 and 213,50. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 210,00. If the support is broken then the target will be 208,00 (240 pips).
Resistances
211,25 - 212,00
Supports
210,00 - 209,00

GBP/USD - British Pound Dollar
1,9867. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,9785 / 1,9950 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9880 - 1,9950
Supports
1,9830 - 1,9785

USD/CAD - US Dollar Canadian Dollar
0,9787. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9450.
Resistances
0,9800 - 0,9835
Supports
0,9760 - 0,9730

USD/CHF - Dollar Swiss Franc
1,0606. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,0500 (105 pips) support.
Resistances
1,0615 - 1,0645
Supports
1,0575 - 1,0515