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Monday, 28 April 2008

Mataf

EUR/USD - Euro Dollar
1,5642. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a support above 1,5600. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5670 - 1,5710
Supports
1,5625 - 1,5570

GBP/USD - British Pound Dollar
1,9830. GBP USD is in a range between 1,9680 and 2,0000. GBP 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 1,9680 / 1,9900 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9880 - 1,9925
Supports
1,9800 - 1,9700

USD/CAD - US Dollar Canadian Dollar
1,0093. USD CAD broke 1,0125 support. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 1,0000 (90 pips) support.
Resistances
1,0125 - 1,0210
Supports
1,0065 - 1,0000

USD/CHF - Dollar Swiss Franc
1,0337. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. 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
1,0380 - 1,0420
Supports
1,0315 - 1,0250

USD/JPY - Dollar Yen
104,51. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should consolidate. The price should find a resistance below 105,00. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
104,90 - 105,00
Supports
104,40 - 104,10