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Monday, 3 March 2008

Mataf

EUR/USD - Euro Dollar
1,5217. 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 price should find a support above 1,5150. The uptrend should continue to gather momentum. The target is expected at 1,5400.
Resistances
1,5240 - 1,5290
Supports
1,5190 - 1,5150

GBP/USD - British Pound Dollar
1,9856. GBP USD is in a range between 1,9785 and 1,9950. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9865 - 1,9950
Supports
1,9810 - 1,9785

USD/CAD - US Dollar Canadian Dollar
0,9890. USD CAD broke 0,9865 resistance. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a resistance below 0,9900. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9900 - 0,9940
Supports
0,9865 - 0,9820

USD/CHF - Dollar Swiss Franc
1,0376. 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 decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0300 / 1,0440 range. We won't take a position.
Resistances
1,0420 - 1,0440
Supports
1,0350 - 1,0300

USD/JPY - Dollar Yen
103,17. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. 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 JPY. The price should find a support above 102,60. The consolidation should continue. If the support is broken then the target will be 102,20.
Resistances
103,30 - 103,70
Supports
102,60 - 102,20