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Forex analysis, Sept 24th European session

Posted 09-24-2008 at 03:24 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,4685. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. We won't take a position.
Resistances
1,4710 - 1,4870
Supports
1,4620 - 1,4550
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GBP/USD - British Pound Dollar
1,8566. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration....
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Forex analysis, Sept 25th European session

Posted 09-25-2008 at 01:07 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,4705. EUR USD is in a consolidation after the last bullish movement. There is an horizontal range between 1,4600 and 1,4750. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue to gather momentum. The price should find a resistance below 1,4870. If the resistance is broken then the target will be 1,5000. We are waiting for a break of resistance to take a long position.
Resistances
1,4750 - 1,4870
Supports
1,4600 - 1,4480
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Forex analysis, Sept 26th European session

Posted 09-26-2008 at 02:00 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,4643. There is an horizontal range between 1,4580 and 1,4720. Support and resistance are given by Bollinger bands. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,4500 (140 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4680 - 1,4770
Supports
1,4580 - 1,4500
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GBP/USD - British Pound Dollar...
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Forex analysis, Sept 29th European session

Posted 09-29-2008 at 01:22 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,4475. EUR USD broke 1,4465 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. => We could take a short position at 1,4480. We will put the stop loss above 1,4540 (-60 pips). The targets are 1,4365 (+115 pips) 1,4200 (+275 pips).
Resistances
1,4530 - 1,4565
Supports
1,4450 - 1,4365
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,8263. GBP USD broke 1,8350 support. GBP...
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