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Tuesday, 10 June 2008

Mataf

EUR/USD - Euro Dollar
1,5616. EUR USD broke 1,5700 support. EUR USD is in a consolidation after the last bearish movement. EUR 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 1,5400 / 1,5850 range. We won't take a position.
Resistances
1,5700 - 1,5850
Supports
1,5575 - 1,5400

GBP/USD - British Pound Dollar
1,9702. GBP USD is in a consolidation after the last bullish movement. GBP USD 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 Bollinger bands. We won't take a position.
Resistances
1,9760 - 1,9800
Supports
1,9675 - 1,9600

USD/JPY - Dollar Yen
106,64. USD JPY broke 106,30 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue to gather momentum. The price should find a resistance below 107,30 (65 pips). If the resistance is broken then the target will be 109,00 (235 pips).
=> We could take a long position at 106,50. We will put the stop loss below 106,00 (-50 pips). The targets are 107,50 (+100 pips) 109,00 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
106,90 - 107,30
Supports
106,00 - 105,30

GBP/JPY - British Pound Yen
210,08. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue on 214,00 resistance. The price should find a support above 209,70.
=> We could take a long position at 210,00. We will put the stop loss below 209,50 (-50 pips). The targets are 212,50 (+250 pips) 214,00 (+400 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
210,70 - 212,50
Supports
209,70 - 208,50

EUR/JPY - Euro Yen
166,45. EUR JPY 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 price should find a support above 166,00. The uptrend should continue to gather momentum.
=> We could take a long position at 166,30. We will put the stop loss below 165,90 (-40 pips). The targets are 167,30 (+100 pips) 168,00(+170pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
167,10 - 168,00
Supports
166,00 - 165,30