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Thursday, 19 June 2008

Mataf

GBP/USD - British Pound Dollar
1,9599. 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 low. Oscillators are neutral. The price should continue to move in 1,9400 / 1,9700 range. We won't take a position.
Resistances
1,9620 - 1,9700
Supports
1,9560 - 1,9480

USD/CAD - US Dollar Canadian Dollar
1,0169. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0150. If the support is broken then the target will be 1,0100 - 0,9800.
We are waiting for a break of support to take a short position.
Resistances
1,0185 - 1,0210
Supports
1,0150 - 1,0100

USD/CHF - Dollar Swiss Franc
1,0340. USD CHF broke 1,0370 support. USD CHF is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The target is expected at 1,0200.
=> We could take a short position at 1,0340. We will put the stop loss above 1,0375 (-35 pips). The targets are 1,0260 (+80 pips) 1,0200 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,0370 - 1,0390
Supports
1,0320 - 1,0260

USD/JPY - Dollar Yen
107,67. 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 high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 107,50. The consolidation should continue. If the support is broken then the target will be 106,50.
We are waiting for a break of support to take a short position.
Resistances
108,00 - 108,60
Supports
107,50 - 106,50