Thu, Sep 18 2008, 13:16 GMT
1,4454. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4500. The consolidation should continue. If the resistance is broken then the target will be 1,4650. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4500 - 1,4600
Supports
1,4430 - 1,4290
more information on EUR/USD - Euro Dollar Click Here
1,8225. GBP USD is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,8000. The uptrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,8270 - 1,8330
Supports
1,8000 - 1,7740
more information on GBP/USD - British Pound Dollar Click Here
1,0622. USD CAD is in a range between 1,0570 and 1,0810. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,0570 support. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,0570. The price has a good probability to go up.
=> We could take a long position at 1,0620. We will put the stop loss below 1,0560 (-60 pips). The targets are 1,0710 (+90 pips) 1,0810 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
Resistances
1,0670 - 1,0710
Supports
1,0600 - 1,0570
more information on USD/CAD - US Dollar Canadian Dollar Click Here
1,0946. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility decreases. 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 on 1,0850 (90 pips) support. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,1090 - 1,1190
Supports
1,0900 - 1,0850
more information on USD/CHF - Dollar Swiss Franc Click Here
104,90. USD JPY is in a range between 103,50 and 106,50. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
105,30 - 106,55
Supports
104,20 - 103,50
more information on USD/JPY - Dollar Yen Click Here
Published on Thu, Sep 18 2008, 13:17 GMT
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