Wed, Mar 5 2008, 05:54 GMT
European Session
EUR/USD - Euro Dollar
1,9193. 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 flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5160 / 1,5270 range. If the resistance is broken then the target will be 1,5400 (200 pips).
Resistances
1,5210 - 1,5250
Supports
1,5190 - 1,5160
more information on EUR/USD - Euro Dollar Click Here
GBP/USD - British Pound Dollar
1,9840. There is an horizontal range between 1,9830 and 1,9875. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,9850 - 1,9890
Supports
1,9830 - 1,9810
more information on GBP/USD - British Pound Dollar Click Here
USD/JPY - Dollar Yen
103,41. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 103,50. The downtrend should continue to gather momentum. The price should find a support above 102,60.
Resistances
103,50 - 103,70
Supports
103,20 - 102,60
more information on USD/JPY - Dollar Yen Click Here
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