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 - 05/12/2008
Posted 12-05-2008 at 08:07 AM by Mataf
EUR/USD - Euro Dollar
1,2777. EUR USD broke 1,2720 resistance. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. We won't take a position.
GBP/USD - British Pound Dollar
1,4696. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4600 / 1,4800 range. We won't take a position. The risk/reward ratio is too high to take a position..
USD/CAD - US Dollar Canadian Dollar
1,2763. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,3000 resistance (237 pips). => We could take a long position at 1,2760. We will put the stop loss below 1,2670 (-90 pips). The targets are 1,2900 (+140 pips, risk/reward 1:1.6), 1,3000 (+240 pips, risk/reward 1:2.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
USD/CHF - Dollar Swiss Franc
1,1987. USD CHF broke 1,2025 support. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should find a support above 1,1900 (87 pips). We won't take a position.
USD/JPY - Dollar Yen
92,33. USD JPY is in an downtrend directed by 1H exponential moving averages. 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 downtrend should continue to gather momentum. => We could take a short position at 92,35. We will put the stop loss above 93,00 (-65 pips). The targets are 91,30 (+105 pips, risk/reward 1:1.6), 90,00 (+235 pips, risk/reward 1:3.6) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,2777. EUR USD broke 1,2720 resistance. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. We won't take a position.
Resistancesmore information on EUR/USD - Euro Dollar Click Here
1,2840 - 1,2900
Supports
1,2720 - 1,2570
1,4696. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4600 / 1,4800 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistancesmore information on GBP/USD - British Pound Dollar Click Here
1,4810 - 1,5060
Supports
1,4600 - 1,4500
1,2763. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,3000 resistance (237 pips). => We could take a long position at 1,2760. We will put the stop loss below 1,2670 (-90 pips). The targets are 1,2900 (+140 pips, risk/reward 1:1.6), 1,3000 (+240 pips, risk/reward 1:2.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistancesmore information on USD/CAD - US Dollar Canadian Dollar Click Here
1,2810 - 1,3000
Supports
1,2690 - 1,2520
1,1987. USD CHF broke 1,2025 support. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should find a support above 1,1900 (87 pips). We won't take a position.
Resistancesmore information on USD/CHF - Dollar Swiss Franc Click Here
1,2025 - 1,2190
Supports
1,1930 - 1,1830
92,33. USD JPY is in an downtrend directed by 1H exponential moving averages. 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 downtrend should continue to gather momentum. => We could take a short position at 92,35. We will put the stop loss above 93,00 (-65 pips). The targets are 91,30 (+105 pips, risk/reward 1:1.6), 90,00 (+235 pips, risk/reward 1:3.6) . 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
92,60 - 93,50
Supports
92,10 - 91,30
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