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Friday, 1 August 2008

Mataf

EUR/USD - Euro Dollar
1,5559. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD made a false break and continues the actual trend.. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5530. If the support is broken then the target will be 1,5350.
=> We could take a short position at 1,5570. We will put the stop loss above 1,5610 (-40 pips). The targets are 1,5500 (+70 pips) 1,5400 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5575 - 1,5620
Supports
1,5535 - 1,5500

GBP/USD - British Pound Dollar
1,9825. GBP USD is in a range between 1,9760 and 1,9840. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 1,9865.
=> We could take a short position at 1,9840. We will put the stop loss above 1,9885 (-45 pips). The targets are 1,9750 (+110 pips) 1,9700 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,9850 - 1,9880
Supports
1,9800 - 1,9760

USD/CAD - US Dollar Canadian Dollar
1,0240. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD 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 consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,0250 - 1,0275
Supports
1,0230 - 1,0210

USD/CHF - Dollar Swiss Franc
1,0489. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF made a false break and continues the actual trend.. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue to gather momentum.
=> We could take a long position at 1,0480. We will put the stop loss below 1,0450 (-30 pips). The targets are 1,0550 (+70 pips) 1,0600 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0500 - 1,0550
Supports
1,0460 - 1,0440

USD/JPY - Dollar Yen
107,59. USD JPY is in a range between 107,30 and 108,30. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should find a support above 107,30. If the support is broken then the target will be 106,50. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
107,90 - 108,30
Supports
107,30 - 106,50