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Monday, 31 March 2008

Mataf

EUR/USD - Euro Dollar
1,5808. 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 find a support above 1,5790. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5800. We will put the stop loss below 1,5750 (-50 pips). The targets are 1,5900 (+100 pisp) 1,6000 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5820 - 1,5860
Supports
1,5790 - 1,5750

GBP/USD - British Pound Dollar
1,9876. GBP USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9800 support.
Resistances
1,9900 - 1,9975
Supports
1,9800 - 1,9765

USD/CAD - US Dollar Canadian Dollar
1,0271. USD CAD broke 1,0230 resistance. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,0400 resistance.
=> We could take a long position at 1,0260. We will put the stop loss below 1,0220 (-40 pips). The targets are 1,0320 (+60 pips) 1,0400 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,0280 - 1,0320
Supports
1,0250 - 1,0195

USD/CHF - Dollar Swiss Franc
0,9938. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). 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 1,0000. The downtrend should resume.
=> We could take a short position at 0,9940. We will put the stop loss above 0,9980 (-40 pips). The targets are 0,9800 (+140 pips) 0,9700 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
0,9960 - 0,9990
Supports
0,9920 - 0,9870

USD/JPY - Dollar Yen
99,53. There is an horizontal range between 99,00 and 100,00. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 97,00.
Resistances
100,00 - 100,90
Supports
99,10 - 98,70