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Forex / European Session - 29/09/2009

Posted 09-29-2009 at 01:35 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar1,4632. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,4560 (72 pips). The consolidation should continue.
Resistances1,4645 - 1,4690Supports1,4590 - 1,4560
Mataf.net : technical analysis, Forex, currency converter
GBP/USD - British Pound Dollar1,5938. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the
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Forex / European Session - 28/09/2009

Posted 09-28-2009 at 01:45 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar1,4588. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4550 (38 pips). The consolidation should continue. If the support breaks then the target will be 1,4400 (188 pips).
Resistances1,4615 - 1,4740Supports1,4560 - 1,4515
Mataf.net : technical analysis, Forex, currency converter
GBP/USD - British Pound Dollar1,5854. GBP USD is in an downtrend directed by 1H exponential moving averages.
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Forex / European Session - 24/09/2009

Posted 09-24-2009 at 01:49 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar1,4719. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4680 and 1,4845. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue.
Resistances1,4755 - 1,4845Supports1,4685 - 1,4610
Mataf.net : technical analysis, Forex, currency converter
GBP/USD - British Pound Dollar1,6345. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral.
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Forex / European Session - 23/09/2009

Posted 09-23-2009 at 01:52 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar1,4815. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4790 (25 pips). The uptrend should continue to gather momentum.
Resistances1,4845 - 1,4875Supports1,4780 - 1,4770
Mataf.net : technical analysis, Forex, currency converter
GBP/USD - British Pound
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Bio: Mataf.net was created in 2002 by Arnaud Jeulin and works on forex market since 2003. Mataf provides free technical analysis and trading tools. They publish now analysis on 12 currency pairs for European and American sessions. Today more than 10'000 traders follow their recommendations.

Trading Methodology: Mataf.net's analysis are based on technical analysis. Trend following is the main rule. They developed 2 indicators to select the most interesting trends: ForexTrend and ForexSto.

Currencies Traded: EURUSD, USDCHF, USDJPY, GBPUSD, GBPJPY, AUDUSD, USDCAD, EURCHF, EURJPY, EURGBP, EURAUD, EURCAD

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