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Wednesday, 12 March 2008

Mataf

EUR/USD - Euro Dollar
1,5367. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5280. The uptrend should continue to gather momentum.
Resistances
1,5400- 1,5500
Supports
1,5280 - 1,5150

GBP/USD - British Pound Dollar
2,0131. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. There is an horizontal range between 2,0000 and 2,0170. Support and resistance are given by Bollinger bands. The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 2,0000. The uptrend should continue on 2,0500 resistance.
Resistances
2,0180 - 2,0300
Supports
2,0090 - 2,0000

USD/CAD - US Dollar Canadian Dollar
0,9903. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 0,9830 / 1,0000 range. We won't take a position.
Resistances
0,9930 - 0,9960
Supports
0,9895 - 0,9830

USD/CHF - Dollar Swiss Franc
1,0299. USD CHF broke 1,0220 resistance. USD CHF is in an downtrend directed by 4H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0350. The downtrend should continue on 1,0140 (160 pips) support.
Resistances
1,0350 - 1,0400
Supports
1,0275 - 1,0200

USD/JPY - Dollar Yen
102,92. USD JPY broke 102,30 support. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 103,50. The uptrend seems to be finished. The trend should reverse. The target is expected at 101,40.
Resistances
103,50 - 104,10
Supports
102,70 - 102,00