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 analysis, August 5th European session
Posted 08-05-2008 at 08:03 AM by Mataf
EUR/USD - Euro Dollar
1,5542. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,5585. The downtrend should continue on 1,5400 support. => We could take a short position at 1,5550. We will put the stop loss above 1,5590 (-40 pips). The targets are 1,5500 (+50 pips) 1,5400 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
GBP/USD - British Pound Dollar
1,9598. GBP USD broke 1,9660 support. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9540 support. => We could take a short position at 1,9600. We will put the stop loss above 1,9640 (-40 pips). The targets are 1,9540 (+60 pips) 1,9500 (+100 pips). 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
1,0418. USD CAD broke 1,0300 resistance. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (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 1,0560 resistance. => We could take a long position at 1,0410. We will put the stop loss below 1,0380 (-30 pips). The targets are 1,0450 (+40 pips) 1,0560 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
USD/CHF - Dollar Swiss Franc
1,0518. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue to gather momentum. => We could take a long position at 1,0510. We will put the stop loss below 1,0475 (-35 pips). The targets are 1,0600 (+90 pips) 1,0640 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
USD/JPY - Dollar Yen
108,21. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 107,30 / 108,30 range. If the resistance is broken then the target will be 109,00. We won't take a position. The risk/reward ratio is too high to take a position..
1,5542. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,5585. The downtrend should continue on 1,5400 support. => We could take a short position at 1,5550. We will put the stop loss above 1,5590 (-40 pips). The targets are 1,5500 (+50 pips) 1,5400 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistancesmore information on EUR/USD - Euro Dollar Click Here
1,5585 - 1,5625
Supports
1,5525 - 1,5500
1,9598. GBP USD broke 1,9660 support. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9540 support. => We could take a short position at 1,9600. We will put the stop loss above 1,9640 (-40 pips). The targets are 1,9540 (+60 pips) 1,9500 (+100 pips). 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
1,9640 - 1,9660
Supports
1,9585 - 1,9540
1,0418. USD CAD broke 1,0300 resistance. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (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 1,0560 resistance. => We could take a long position at 1,0410. We will put the stop loss below 1,0380 (-30 pips). The targets are 1,0450 (+40 pips) 1,0560 (+150 pips). 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
1,0450 - 1,0500
Supports
1,0385 - 1,0350
1,0518. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue to gather momentum. => We could take a long position at 1,0510. We will put the stop loss below 1,0475 (-35 pips). The targets are 1,0600 (+90 pips) 1,0640 (+130 pips). 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
1,0520 - 1,0550
Supports
1,0480 - 1,0440
108,21. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 107,30 / 108,30 range. If the resistance is broken then the target will be 109,00. 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
108,30 - 108,80
Supports
108,00 - 107,80
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