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Monday, 9 June 2008

Mataf

EUR/USD - Euro Dollar
1,5767. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,5850. The consolidation should continue. We won't take a position.
Resistances
1,5850 - 1,5900
Supports
1,5730 - 1,5640

GBP/USD - British Pound Dollar
1,9796. GBP USD 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. The price should find a resistance below 1,9930. The price should consolidate. We won't take a position.
Resistances
1,9800 - 1,9830
Supports
1,9740 - 1,9675

USD/CAD - US Dollar Canadian Dollar
1,0208. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. There is an horizontal range between 1,0150 and 1,0220. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a resistance below 1,0220. If the resistance is broken then the target will be 1,0300 (95 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0220 - 1,0240
Supports
1,0185 - 1,0140

USD/CHF - Dollar Swiss Franc
1,0222. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should continue to move in 1,0150 / 1,0275 range. If the support is broken then the target will be 0,9900.
We are waiting for a break of support to take a short position.
Resistances
1,0250 - 1,0275
Supports
1,0160 - 1,0100

USD/JPY - Dollar Yen
105,81. USD JPY is in a range between 104,70 and 106,30. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 107,75 / 106,30 range. We won't take a position.
Resistances
106,00 - 106,30
Supports
104,75 - 104,00