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Friday, 23 May 2008

Mataf

EUR/USD - Euro Dollar
1,5725. 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 1,5700. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5725. We will put the stop loss below 1,5680 (-45 pips). The targets are 1,5800 (+75 pips) 1,5870 (+145 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5745 - 1,5800
Supports
1,5700 - 1,5680

GBP/USD - British Pound Dollar
1,9792. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,9830. The consolidation should continue. If the resistance is broken then the target will be 1,9930. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9830 - 1,9870
Supports
1,9780 - 1,9735

USD/CAD - US Dollar Canadian Dollar
0,9860. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 0,9875. The downtrend should continue to gather momentum.
=> We could take a short position at 0,9860. We will put the stop loss above 0,9890 (-30 pips). The targets are 0,9810 (+50 pips) 0,9750 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
0,9875 - 0,9890
Supports
0,9850 - 0,9810

USD/CHF - Dollar Swiss Franc
1,0309. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0230 / 1,0350 range. If the support is broken then the target will be 1,0000. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0320 - 1,0350
Supports
1,0300 - 1,0230

USD/JPY - Dollar Yen
104,12. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
104,40 - 104,70
Supports
103,90 - 103,55