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Wednesday, 18 June 2008

Mataf

EUR/USD - Euro Dollar
1,5484. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,5300 / 1,5600 range. We won't take a position.
Resistances
1,5530 - 1,5600
Supports
1,5475 - 1,5300

GBP/USD - British Pound Dollar
1,9513. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,9400 and 1,9700. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,9400 / 1,9700 range. We won't take a position.
Resistances
1,9580 - 1,9700
Supports
1,9475 - 1,9400

USD/CAD - US Dollar Canadian Dollar
1,0194. USD CAD is in a range between 1,0150 and 1,0300. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,0150. If the support is broken then the target will be 1,0000 (190 pips).
We are waiting for a break of support to take a short position.
Resistances
1,0200 - 1,0250
Supports
1,0150 - 1,0080

USD/CHF - Dollar Swiss Franc
1,0439. USD CHF is in a range between 1,0390 and 1,0460. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,0460 - 1,0540
Supports
1,0405 - 1,0390

USD/JPY - Dollar Yen
107,99. USD JPY is in an uptrend supported by 4H exponential moving averages. USD 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 resistance below 108,80. The consolidation should continue. We won't take a position.
Resistances
108,10 - 108,60
Supports
107,70 - 107,30