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Wednesday, 16 April 2008

Mataf

EUR/USD - Euro Dollar
1,5795. EUR USD is in a range between 1,5675 and 1,5900. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,5675 / 1,5900 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5810 - 1,5900
Supports
1,5760 - 1,5675

GBP/USD - British Pound Dollar
1,9621. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 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 support above 1,9600. If the support is broken then the target will be 1,9400.
=> We could take a short position at 1,9620. We will put the stop loss above 1,9665 (-45 pips). The targets are 1,9560 (+60 pips) 1,9500 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,9660 - 1,9720
Supports
1,9600 - 1,9560

USD/CAD - US Dollar Canadian Dollar
1,0185. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. The price should find a support above 1,0170. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0195 - 1,0235
Supports
1,0170 - 1,0130

USD/CHF - Dollar Swiss Franc
1,0074. USD CHF is in a consolidation after the last bullish movement. USD CHF is in a range between 0,9900 and 1,0110. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should find a resistance below 1,0110. The trend should reverse. The target is expected at 0,9950 (125 pips).
=> We could take a short position at 1,0075. We will put the stop loss above 1,0115 (-40 pips). The targets are 1,0020 (+55 pips) 0,9950 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
Resistances
1,0110 - 1,0140
Supports
1,0050 - 0,9990

USD/JPY - Dollar Yen
101,72. USD JPY is in a range between 100,30 and 102,20. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 100,30 / 102,15 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
101,90 - 102,15
Supports
101,35 - 102,30