Forex analysis, Sept 25th European session
Posted 09-25-2008 at 01:07 AM by Mataf
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.
GBP/USD - British Pound Dollar
1,8565. 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. The price should find a resistance below 1,8620. If the resistance is broken then the target will be 1,9000. We are waiting for a break of resistance to take a long position.
USD/CAD - US Dollar Canadian Dollar
1,0356. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0400. The downtrend should continue to gather momentum. => We could take a short position at 1,0360. We will put the stop loss above 1,0405 (-45 pips). The targets are 1,0280 (+80 pips) 1,0200 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
USD/CHF - Dollar Swiss Franc
1,0843. There is an horizontal range between 1,0810 and 1,0935. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0940. The downtrend should resume. => We could take a short position at 1,0850. We will put the stop loss above 1,0940 (-90 pips). The targets are 1,0710 (+140 pips) 1,0600 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
USD/JPY - Dollar Yen
105,86. USD JPY 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. We won't take a position.
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.
Resistancesmore information on EUR/USD - Euro Dollar Click Here
1,4750 - 1,4870
Supports
1,4600 - 1,4480
1,8565. 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. The price should find a resistance below 1,8620. If the resistance is broken then the target will be 1,9000. We are waiting for a break of resistance to take a long position.
Resistancesmore information on GBP/USD - British Pound Dollar Click Here
1,8620 - 1,8680
Supports
1,8530 - 1,8460
1,0356. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0400. The downtrend should continue to gather momentum. => We could take a short position at 1,0360. We will put the stop loss above 1,0405 (-45 pips). The targets are 1,0280 (+80 pips) 1,0200 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistancesmore information on USD/CAD - US Dollar Canadian Dollar Click Here
1,0400 - 1,0435
Supports
1,0350 - 1,0310
1,0843. There is an horizontal range between 1,0810 and 1,0935. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0940. The downtrend should resume. => We could take a short position at 1,0850. We will put the stop loss above 1,0940 (-90 pips). The targets are 1,0710 (+140 pips) 1,0600 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistancesmore information on USD/CHF - Dollar Swiss Franc Click Here
1,0875 - 1,0940
Supports
1,0800 - 1,0710
105,86. USD JPY 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. We won't take a position.
Resistancesmore information on USD/JPY - Dollar Yen Click Here
106,30 - 108,00
Supports
105,15 - 104,00
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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.
