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Monday, 17 March 2008

Mataf

EUR/USD - Euro Dollar
1,5738. 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 decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5650 / 1,5700. The uptrend should continue to gather momentum.
Resistances
1,5815 - 1,5900
Supports
1,5700 - 1,5650

GBP/JPY - British Pound Yen
194,71. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 196,00. The downtrend should continue to gather momentum.
Resistances
196,00 - 196,80
Supports
192,60 - 190,00

GBP/USD - British Pound Dollar
2,0026. GBP USD is in a consolidation after the last bearish movement. The price is just above 2,0000 support. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should consolidate. The price should find a support above 2,0000. If the support is broken then the target will be 1,9800.
Resistances
2,0100 - 2,0220
Supports
2,0000 - 1,9920

USD/CAD - US Dollar Canadian Dollar
0,9920. USD CAD is in a range between 0,9800 and 0,9980. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
0,9950 - 0,9980
Supports
0,9865 - 0,9800

USD/CHF - Dollar Swiss Franc
0,9882. 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 price should find a support above 0,9700. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9925 - 1,0000
Supports
0,9790 - 0,9700