Google

Wednesday, 9 April 2008

Mataf

EUR/USD - Euro Dollar
1,5729. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5740 - 1,5770
Supports
1,5700 - 1,5650

GBP/USD - British Pound Dollar
1,9709. GBP USD 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,9730. The uptrend should continue to gather momentum. The target is expected at 1,9400.
=> We could take a short position at 1,9710. We will put the stop loss above 1,9755 (-45 pips). The targets are 1,9600 (+110 pips) 1,9480 (+230 pips).
Resistances
1,9710 - 1,9750
Supports
1,9650 - 1,9575

USD/CAD - US Dollar Canadian Dollar
1,0196. USD CAD broke 1,0160 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,0210 resistance.
Resistances
1,0210 - 1,0300
Supports
1,0160 - 1,0100

USD/CHF - Dollar Swiss Franc
1,0125. USD CHF is in a range between 1,0050 and 1,0180. USD CHF 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 Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0145 - 1,0165
Supports
1,0110 - 1,0070

USD/JPY - Dollar Yen
102,51. USD JPY is in a range between 102,00 and 102,90. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
102,90 - 103,10
Supports
102,20 - 101,70