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Friday, 7 March 2008

Mataf

EUR/USD - Euro Dollar
1,5395. EUR USD is in an uptrend supported by 1H exponential moving averages. The price is just bellow 1,5400 resistance. 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 price should find a support above 1,5370. The uptrend should continue to gather momentum. The target is expected at 1,5475.
Resistances
1,5430 - 1,5475
Supports
1,5350 - 1,5300

GBP/USD - British Pound Dollar
2,0115. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 2,0050. The uptrend should continue on 2,0300 (280 pips) resistance.
Resistances
2,0140 - 2,0200
Supports
2,0050 - 1,9960

USD/CAD - US Dollar Canadian Dollar
0,9827. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 0,9820. If the support is broken then the target will be 0,9720 (100 pips).
Resistances
0,9850 - 0,9880
Supports
0,9820 - 0,9785

USD/CHF - Dollar Swiss Franc
1,0221. USD CHF 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 CHF. The downtrend should continue on 1,0150 (70 pips) support.
Resistances
1,0270 - 1,0335
Supports
1,0210 - 1,0150

USD/JPY - Dollar Yen
102,67. 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 downtrend should continue to gather momentum. The price should find a support above 101,50 / 102,00.
Resistances
102,50 - 102,00
Supports
103,00 - 103,60