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 - 02/12/2008
Posted 12-02-2008 at 07:41 AM by Mataf
EUR/USD - Euro Dollar
1,2615. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,2675 (60 pips). The downtrend should continue on 1,2440 support (175 pips). => We could take a short position at 1,2630. We will put the stop loss above 1,2680 (-50 pips). The targets are 1,2450 (+180 pips, risk/reward 1:3.6), 1,2440 (+190 pips, risk/reward 1:3.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
GBP/USD - British Pound Dollar
1,4864. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,5000 (136 pips). The downtrend should continue to gather momentum. => We could take a short position at 1,4870. We will put the stop loss above 1,5010 (-140 pips). The targets are 1,4650 (+220 pips, risk/reward 1:1.6), 1,4460 (+410 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
USD/CAD - US Dollar Canadian Dollar
1,2453. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
USD/CHF - Dollar Swiss Franc
1,2043. USD CHF is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.
USD/JPY - Dollar Yen
93,11. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 93,85 (74 pips). The downtrend should continue to gather momentum. => We could take a short position at 93,10. We will put the stop loss above 93,90 (-80 pips). The targets are 92,00 (+110 pips, risk/reward 1:1.4), 91,00 (+210 pips, risk/reward 1:2.6) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,2615. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,2675 (60 pips). The downtrend should continue on 1,2440 support (175 pips). => We could take a short position at 1,2630. We will put the stop loss above 1,2680 (-50 pips). The targets are 1,2450 (+180 pips, risk/reward 1:3.6), 1,2440 (+190 pips, risk/reward 1:3.8) . 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
1,2675 - 1,2760
Supports
1,2575 - 1,2440
1,4864. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,5000 (136 pips). The downtrend should continue to gather momentum. => We could take a short position at 1,4870. We will put the stop loss above 1,5010 (-140 pips). The targets are 1,4650 (+220 pips, risk/reward 1:1.6), 1,4460 (+410 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistancesmore information on GBP/USD - British Pound Dollar Click Here
1,5000 - 1,5260
Supports
1,4800 - 1,4650
1,2453. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistancesmore information on USD/CAD - US Dollar Canadian Dollar Click Here
1,2480 - 1,2630
Supports
1,2425 - 1,2350
1,2043. USD CHF is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.
Resistancesmore information on USD/CHF - Dollar Swiss Franc Click Here
1,2070 - 1,2180
Supports
1,2020 - 1,1965
93,11. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 93,85 (74 pips). The downtrend should continue to gather momentum. => We could take a short position at 93,10. We will put the stop loss above 93,90 (-80 pips). The targets are 92,00 (+110 pips, risk/reward 1:1.4), 91,00 (+210 pips, risk/reward 1:2.6) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistancesmore information on USD/JPY - Dollar Yen Click Here
93,80 - 94,30
Supports
93,00 - 92,00
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