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Tuesday, 4 March 2008

Mataf

EUR/USD - Euro Dollar
1,5211. 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 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5150 / 1,5270 range. If the resistance is broken then the target will be 1,5400 (190 pips).
Resistances
1,5225 - 1,5270
Supports
1,5175 - 1,5150

GBP/USD - British Pound Dollar
1,9866. 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.
Resistances
1,9880 - 1,9915
Supports
1,9835 - 1,9785

USD/CAD - US Dollar Canadian Dollar
0,9932. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
0,9940 - 0,9990
Supports
0,9865 - 0,9830

USD/CHF - Dollar Swiss Franc
1,0353. USD CHF is in an downtrend directed by 1H exponential moving averages. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The price should find a support above 1,0300.
Resistances
1,0400 - 1,0450
Supports
1,0350 - 1,0300

USD/JPY - Dollar Yen
103,11. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 103,60. The downtrend should continue to gather momentum. The target is expected at 102,00.
Resistances
103,30 - 103,70
Supports
103,00 - 102,60