Mon, Dec 1 2008, 14:30 GMT
1,2610. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,2440 support (170 pips).
=> We could take a short position at 1,2620. We will put the stop loss above 1,2710 (-90 pips). The targets are 1,2450 (+170 pips, risk/reward 1:1.9), 1,2400 (+220 pips, risk/reward 1:2.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,2710 - 1,2760
Supports
1,2575 - 1,2450
more information on EUR/USD - Euro Dollar Click Here
1,4974. GBP USD broke 1,5260 support. The volatility rises. Bollinger bands are deviated. ForexTrend 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 on 1,4660 support (314 pips). The price should find a support above 1,4850 (124 pips).
=> We could take a short position at 1,5000. We will put the stop loss above 1,5080 (-80 pips). The targets are 1,4850 (+150 pips, risk/reward 1:1.9), 1,4660 (+340 pips, risk/reward 1:4.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,5065 - 1,5260
Supports
1,4960 - 1,4850
more information on GBP/USD - British Pound Dollar Click Here
1,2447. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,2480 - 1,2630
Supports
1,2380 - 1,2300
more information on USD/CAD - US Dollar Canadian Dollar Click Here
1,2131. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,2060 (71 pips). The uptrend should continue on 1,2300 resistance (169 pips).
=> We could take a long position at 1,2110. We will put the stop loss below 1,2050 (-60 pips). The targets are 1,2200 (+90 pips, risk/reward 1:1.5), 1,2300 (+190 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
1,2200 - 1,2280
Supports
1,2060 - 1,1960
more information on USD/CHF - Dollar Swiss Franc Click Here
94,06. USD JPY broke 94,75 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 93,60 (46 pips). If the support is broken then the target will be 91,00 (306 pips).
We are waiting for a break of the support to take a short position.
Resistances
94,15 - 94,75
Supports
93,60 - 91,00
more information on USD/JPY - Dollar Yen Click Here
Published on Mon, Dec 1 2008, 14:31 GMT
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