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Forex / European Session - 14/10/2008

Posted 10-14-2008 at 12:56 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,3680. EUR USD is in a range between 1,3420 and 1,3785. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H, 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
1,3700 - 1,3785
Supports
1,3600 - 1,3420
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,7538. GBP USD broke 1,7250 resistance. GBP USD broke the downtrend to begin a bullish movement. The volatility is high. Bollinger bands are...
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Forex / European Session - 15/10/2008

Posted 10-15-2008 at 12:59 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,3584. EUR USD is in a range between 1,3460 and 1,3785. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H, 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
1,3630 - 1,3785
Supports
1,3460 - 1,3290
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,7462. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The price should find a...
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Forex / European Session - 16/10/2008

Posted 10-16-2008 at 12:32 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,3396. EUR USD broke 1,3540 support. EUR USD is in an downtrend directed by 15min exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,3350 / 1,3540 range. If the support is broken then the target will be 1,3000 (396 pips). => We could take a short position at 1,3420. We will put the stop loss above 1,3540 (-120 pips). The targets are 1,3260 (+160 pips, risk/reward 1:1.3), 1,3000 (+420 pips, risk/reward 1:3.5)...
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Forex analysis, Oct 17th European session

Posted 10-17-2008 at 12:54 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,3463. EUR USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,3390 and 1,3525. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,3350 (113 pips). If the support is broken then the target will be 1,3000 (463 pips). We are waiting for a break of the support to take a short position.
Resistances
1,3540 - 1,3650
Supports
1,3425 - 1,3350
more information on EUR/USD - Euro Dollar Click Here
GBP/USD -...
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