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Tuesday, 6 May 2008

Mataf

EUR/USD - Euro Dollar
1,5524. EUR USD is in a range between 1,5400 and 1,5570. EUR USD 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 1,5400 / 1,5570 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5540 - 1,5560
Supports
1,5485 - 1,5450

USD/CHF - Dollar Swiss Franc
1,0488. 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. Oscillators are neutral. The price should find a resistance below 1,0600. The consolidation should continue. The price should find a support above 1,0460. If the support is broken then the target will be 1,0300. We won't take a position.
Resistances
1,0500 - 1,0550
Supports
1,0460 - 1,0410

GBP/JPY - British Pound Yen
205,91. GBP JPY is in a range between 205,50 and 208,60. GBP 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 205,50 / 208,60 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
206,50 - 207,30
Supports
205,50 - 205,00

EUR/JPY - Euro Yen
162,19. EUR JPY is in a consolidation after the last bullish movement. EUR JPY is in a range between 161,00 and 163,00. EUR JPY 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 161,00 / 163,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
162,70 - 163,10
Supports
162,20 - 161,70

EUR/CHF - Euro Swiss Franc
1,6273. EUR CHF is in an uptrend supported by 1H exponential moving averages. EUR CHF is in a consolidation after the last bullish movement. The price is just above 1,6265 support. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The price should find a support above 1,6265. The consolidation should continue. If the support is broken then the target will be 1,6220. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,6300 - 1,6350
Supports
1,6265 - 1,6220