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.
Forex / European Session - 01/12/2008
Posted 12-01-2008 at 07:37 AM by Mataf
EUR/USD - Euro Dollar
1,2681. EUR USD broke 1,2810 support. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,2450 support (231 pips). => We could take a short position at 1,2685. We will put the stop loss above 1,2730 (-45 pips). The targets are 1,2580 (+105 pips, risk/reward 1:2.3), 1,2450 (+235 pips, risk/reward 1:5.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
GBP/USD - British Pound Dollar
1,5323. There is an horizontal range between 1,5280 and 1,5430. 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 daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
USD/CAD - US Dollar Canadian Dollar
1,2408. USD CAD 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. The price should find a resistance below 1,2475 (67 pips). If the resistance is broken then the target will be 1,2940 (532 pips). We are waiting for a break of the resistance to take a long position.
USD/CHF - Dollar Swiss Franc
1,2108. USD CHF broke 1,2060 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,2090 (18 pips). The uptrend should continue to gather momentum. => We could take a long position at 1,2110. We will put the stop loss below 1,2060 (-50 pips). The targets are 1,2200 (+90 pips, risk/reward 1:1.8), 1,2280 (+170 pips, risk/reward 1:3.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
USD/JPY - Dollar Yen
95,20. There is an horizontal range between 95,10 and 95,65. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 95,00 (20 pips). The price should continue to move in Bollinger bands. If the support is broken then the target will be 93,80 (140 pips). We won't take a position. The risk/reward ratio is too high to take a position..
1,2681. EUR USD broke 1,2810 support. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,2450 support (231 pips). => We could take a short position at 1,2685. We will put the stop loss above 1,2730 (-45 pips). The targets are 1,2580 (+105 pips, risk/reward 1:2.3), 1,2450 (+235 pips, risk/reward 1:5.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistancesmore information on EUR/USD - Euro Dollar Click Here
1,2715 - 1,2810
Supports
1,2650 - 1,2580
1,5323. There is an horizontal range between 1,5280 and 1,5430. 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 daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistancesmore information on GBP/USD - British Pound Dollar Click Here
1,5370 - 1,5530
Supports
1,5280 - 1,5200
1,2408. USD CAD 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. The price should find a resistance below 1,2475 (67 pips). If the resistance is broken then the target will be 1,2940 (532 pips). We are waiting for a break of the resistance to take a long position.
Resistancesmore information on USD/CAD - US Dollar Canadian Dollar Click Here
1,2475 - 1,2535
Supports
1,2380 - 1,2300
1,2108. USD CHF broke 1,2060 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,2090 (18 pips). The uptrend should continue to gather momentum. => We could take a long position at 1,2110. We will put the stop loss below 1,2060 (-50 pips). The targets are 1,2200 (+90 pips, risk/reward 1:1.8), 1,2280 (+170 pips, risk/reward 1:3.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistancesmore information on USD/CHF - Dollar Swiss Franc Click Here
1,2200 - 1,2280
Supports
1,2100 - 1,2060
95,20. There is an horizontal range between 95,10 and 95,65. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 95,00 (20 pips). The price should continue to move in Bollinger bands. If the support is broken then the target will be 93,80 (140 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistancesmore information on USD/JPY - Dollar Yen Click Here
95,40 - 95,75
Supports
95,10 - 94,65
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