Thu, Nov 6 2008, 13:39 GMT
1,2812. EUR USD is in an downtrend directed by daily exponential moving averages. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,2530 and 1,3070. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,2940 - 1,3070
Supports
1,2750 - 1,2530
more information on EUR/USD - Euro Dollar Click Here
1,5885. GBP USD is in a range between 1,5645 and 1,6180. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,5645 / 1,6180 range. We won't take a position.
Resistances
1,6025 - 1,6180
Supports
1,5800 - 1,5645
more information on GBP/USD - British Pound Dollar Click Here
1,1635. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,1475 / 1,1790 range. We won't take a position.
Resistances
1,1790 - 1,1900
Supports
1,1615 - 1,1475
more information on USD/CAD - US Dollar Canadian Dollar Click Here
1,1720. USD CHF is in a range between 1,1575 and 1,1805. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1805 (85 pips). We won't take a position.
Resistances
1,1745 - 1,1805
Supports
1,1635 - 1,1575
more information on USD/CHF - Dollar Swiss Franc Click Here
97,87. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 96,50 support (137 pips). If the support is broken then the target will be 93,00 (487 pips).
=> We could take a short position at 98,00. We will put the stop loss above 98,70 (-70 pips). The targets are 96,50 (+150 pips, risk/reward 1:2.1), 93,00 (+500 pips, risk/reward 1:7.1) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
98,60 - 99,80
Supports
97,60 - 96,30
more information on USD/JPY - Dollar Yen Click Here
Published on Thu, Nov 6 2008, 13:40 GMT
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