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Thursday, 12 June 2008

Mataf

EUR/USD - Euro Dollar
1,5414. 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 high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,5360. The consolidation should continue. We won't take a position.
Resistances
1,5480 - 1,5570
Supports
1,5410 - 1,5360

GBP/USD - British Pound Dollar
1,9480. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The price should find a support above 1,9400 (75 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9525 - 1,9600
Supports
1,9450 - 1,9400

USD/CAD - US Dollar Canadian Dollar
1,0250. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 1,0160 and 1,0320. The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should continue to move in 1,0160 / 1,0300 range. We won't take a position.
Resistances
1,0300 - 1,0325
Supports
1,0200 - 1,0160

USD/CHF - Dollar Swiss Franc
1,0450. USD CHF 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 1,0300 / 1,0500 range. We won't take a position.
Resistances
1,0500 - 1,0525
Supports
1,0400 - 1,0300

USD/JPY - Dollar Yen
107,91. 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, 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 on 109,00 (110 pips) resistance.
=> We could take a long position at 107,90. We will put the stop loss below 107,40 (-50 pips). The targets are 108,50 (+60 pips) 109,00 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
108,00 - 108,50
Supports
107,50 - 106,70