Mon, Dec 8 2008, 13:56 GMT
1,2896. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3100 resistance (204 pips). The price should find a support above 1,2750 (146 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,2910 - 1,3100
Supports
1,2780 - 1,2630
more information on EUR/USD - Euro Dollar Click Here
1,4874. GBP USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,4500 / 1,5080 range. We won't take a position.
Resistances
1,5060 - 1,5260
Supports
1,4750 - 1,4485
more information on GBP/USD - British Pound Dollar Click Here
1,2511. USD CAD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,2450 (61 pips). The consolidation should continue. If the support is broken then the target will be 1,2200 (311 pips). We won't take a position.
Resistances
1,2650 - 1,2740
Supports
1,2475 - 1,2320
more information on USD/CAD - US Dollar Canadian Dollar Click Here
1,2099. USD CHF is in a range between 1,1935 and 1,2250. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,1950 / 1,2250 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,2150 - 1,2250
Supports
1,2075 - 1,1935
more information on USD/CHF - Dollar Swiss Franc Click Here
93,36. USD JPY is in an downtrend directed by daily exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 93,80 (44 pips). The consolidation should continue. The price should continue to move in 92,00 / 94,00 range. We won't take a position.
Resistances
93,65 - 94,00
Supports
93,10 - 92,65
more information on USD/JPY - Dollar Yen Click Here
Published on Mon, Dec 8 2008, 13:56 GMT
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