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[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,2931. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD 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 1,3000 (69 pips). The downtrend should continue to gather momentum. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,2945 - 1,3000[B]Supports[/B]1,2890 - 1,2850[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD ...

[B]Bias: [/B]While 1.2325 supports I feel the risk is higher still

While not exactly what I was expecting we did see gains which stalled at 1.2505. From there the correction has reached 1.2325 and I feel this was probably deep enough for the correction. Thus I favor the upside but do recognize the risk of earlier sideways range trading. We need a move back above 1.2400 to assist back to 1.2460-67 at least and maybe even 1.2480. If we are to see a sideways move then this area should cap. Back above 1.2480-05 will extend gains to 1.2581-1.2628 but I expect a further correction.

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Attached Files

• The Brief Daily Forecaster.pdf (64.7 KB, 123 次查看)

Intra-day forex trading signal for AUD/USD by AceTrader :

Rate: 0.7068

Updating time : 22 Apr 2009 02:39 GMT

As aussie has remained under pressure after the
o/n retreat fm 0.7131, suggesting the recovery fm
this wk's low at 0.6953 has ended there n downside
bias is seen for weakness to 0.7020/25 n 0.7000,
however, sup at 0.6976 shud hold fm here.

Trade fm short side with stop now as indicated n
only abv 0.7098 (Aust.) wud risk re-test of 0.7131.

Range Forecast
0.7040 / 0.7075

Resistance/Support
R: 0.7098/0.7131/0.7153
S: 0.7051/0.7006/0.6953

http://www.acetraderfx.com

USDJPY stays in the falling price channel and remains in downtrend from 101.43. As long as the channel resistance holds, we’d expect the downtrend to resume and deeper decline is still possible to 97.00-97.50 area. On the other side, the pair might be forming a short term cycle bottom at 97.65 level on 4-hour chart. Key resistance is now at 99.74, above this level will indicate that the fall from 101.43 has completed.



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