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Monday, 1 September 2008

Mataf

EUR/USD - Euro Dollar
1,4621. EUR USD is in a range between 1,4570 and 1,4810. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H, 4H, daily (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 1,4570. The downtrend should continue on 1,4380 (240 pips) support.
We are waiting for a break of support to take a short position.
Resistances
1,4700 - 1,4810
Supports
1,4615 - 1,4575

GBP/USD - British Pound Dollar
1,8018. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The target is expected at 1,7500.
=> We could take a short position at 1,8020. We will put the stop loss above 1,8100 (-80 pips). The targets are 1,7900 (+120 pips) 1,7900 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,8100 - 1,8230
Supports
1,8000 - 1,7900

USD/CAD - US Dollar Canadian Dollar
1,0661. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,0740 (+80 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0685 - 1,0740
Supports
1,0615 - 1,0560

USD/CHF - Dollar Swiss Franc
1,0991. USD CHF is in a range between 1,0900 and 1,1090. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,1000 - 1,1040
Supports
1,0945 - 1,0900

USD/JPY - Dollar Yen
107,87. USD JPY broke 108,25 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 107,25 (60 pips) support. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
108,20 - 108,85
Supports
107,60 - 107,25