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Thursday, 29 May 2008

Mataf

EUR/USD - Euro Dollar
1,5529. EUR USD broke 1,5600 support. EUR USD is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The target is expected at 1,5350 (180 pips). We won't take a position while the volatility is high.
Resistances
1,5600 - 1,5675
Supports
1,5525 - 1,5500

GBP/USD - British Pound Dollar
1,9762. GBP USD is in a range between 1,9690 and 1,9830. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,9800 - 1,9830
Supports
1,9730 - 1,9690

USD/CAD - US Dollar Canadian Dollar
0,9846. USD CAD broke 0,9885 support. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 0,9780 (65 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
0,9885 - 0,9920
Supports
0,9830 - 0,9780

USD/CHF - Dollar Swiss Franc
1,0475. USD CHF is in an uptrend supported by 15min exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,0550 (75 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0480 - 1,0550
Supports
1,0410 - 1,0350

USD/JPY - Dollar Yen
105,16. 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 (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 106,00 (80pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
105,40 - 106,00
Supports
104,55 - 104,00