Forex / American Session - 02/07/2009
Posted 07-02-2009 at 08:13 AM by Mataf
EUR/USD - Euro Dollar1,4073. The price is just above 1,4050 support. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4050 (23 pips). The price has a good probability to go up.
Resistances1,4120 - 1,4150Supports1,4050 - 1,4030
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar1,6407. 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 high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in Bollinger bands.
Resistances1,6450 - 1,6545Supports1,6330 - 1,6240
more information on GBP/USD - British Pound Dollar Click Here
USD/CHF - Dollar Swiss Franc1,0832. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should continue to move in Bollinger bands.
Resistances1,0890 - 1,0915Supports1,0710 - 1,0630
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/CAD - US Dollar Canadian Dollar1,1526. USD CAD is in a consolidation after the last bearish movement. The volatility is low. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances1,1540 - 1,1655Supports1,1440 - 1,1380
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/JPY - Dollar Yen96,68. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances96,80 - 97,00Supports96,15 - 95,05
more information on USD/JPY - Dollar Yen Click Here
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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
*No warranties or guarantees are made with respect to the content contained herein. The website and the guests on this site do not take into account the investment objectives, financial situation or particular needs of any particular person. The advice and trading ideas provided on this website are for informational purposes only and are not intended as a trading ideas. Under no circumstances does any advice or trading idea contained herein constitute a solicitation to buy and sell currencies. We do not endorse and cannot vouch for any of the guest traders on this site.
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
*No warranties or guarantees are made with respect to the content contained herein. The website and the guests on this site do not take into account the investment objectives, financial situation or particular needs of any particular person. The advice and trading ideas provided on this website are for informational purposes only and are not intended as a trading ideas. Under no circumstances does any advice or trading idea contained herein constitute a solicitation to buy and sell currencies. We do not endorse and cannot vouch for any of the guest traders on this site.
