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Thursday, 6 March 2008

Mataf

EUR/USD - Euro Dollar
1,5308. EUR USD is in an uptrend supported 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 bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,5400 (90 pips) resistance.
Resistances
1,5350 - 1,5400
Supports
1,5290 - 1,5240

GBP/USD - British Pound Dollar
2,0018. GBP USD broke 1,9975 resistance. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 2,0100 (80 pips) resistance.
Resistances
2,0060 - 2,0100
Supports
1,9975 - 1,9900

USD/CAD - US Dollar Canadian Dollar
0,9857. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are flat. Oscillators are neutral. The downtrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9880 - 0,9925
Supports
0,9825 - 0,9750

USD/CHF - Dollar Swiss Franc
1,0317. USD CHF 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The price should find a support above 1,0250.
Resistances
1,0335 - 1,0380
Supports
1,0280 - 1,0250

USD/JPY - Dollar Yen
103,47. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 102,60 and 104,10. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 102,60.
Resistances
103,80 - 104,10
Supports
103,30 - 102,60