Forex / European Session - 06/07/2009
Posted 07-06-2009 at 02:04 AM by Mataf
EUR/USD - Euro Dollar1,3995. EUR USD is in a consolidation after the last bearish movement. The price is just above 1,3950 support. 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 1,3950 (45 pips). The downtrend seems to be finished. The price has a good probability to go up.
Resistances1,4030 - 1,4100Supports1,3950 - 1,3925
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar1,6305. GBP USD is in a consolidation after the last bearish movement. The price is just above 1,6250 support. The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6250 (55 pips). The downtrend seems to be finished. The price has a good probability to go up.
Resistances1,6350 - 1,6430Supports1,6260 - 1,6230
more information on GBP/USD - British Pound Dollar Click Here
USD/CHF - Dollar Swiss Franc1,0874. USD CHF is in a consolidation after the last bullish movement. USD CHF 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.
Resistances1,0905 - 1,0930Supports1,0820 - 1,0780
more information on USD/CHF - Dollar Swiss Franc Click Here
USD/CAD - US Dollar Canadian Dollar1,1602. USD CAD is in a consolidation after the last bullish movement. There is an horizontal range between 1,1560 and 1,1640. Support and resistance are given by Bollinger bands. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,1640 (38 pips). The price should consolidate. The price should continue to move in Bollinger bands.
Resistances1,1640 - 1,1675Supports1,1560 - 1,1455
more information on USD/CAD - US Dollar Canadian Dollar Click Here
USD/JPY - Dollar Yen95,46. USD JPY broke 95,70 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a support above 95,00 (46 pips).
Resistances95,70 - 96,15Supports95,25 - 95,00
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.
