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 - 31/10/2008
Posted 10-31-2008 at 09:02 AM by Mataf
EUR/USD - Euro Dollar
1,2716. EUR USD is in an downtrend directed by daily exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support above 1,2400 (316 pips). => We could take a short position at 1,2770. We will put the stop loss above 1,2890 (-120 pips). The targets are 1,2580 (+190 pips, risk/reward 1:1.6), 1,2400 (+370 pips, risk/reward 1:3.1) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
GBP/USD - British Pound Dollar
1,6256. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6220 (36 pips). If the support is broken then the target will be 1,5950 (306 pips). => We could take a short position at 1,6320. We will put the stop loss above 1,6470 (-150 pips). The targets are 1,5950 (+370 pips, risk/reward 1:2.5), 1,5770 (+550 pips, risk/reward 1:3.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
USD/CAD - US Dollar Canadian Dollar
1,2198. USD CAD 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 consolidation should continue. The price should continue to move in 1,1900 / 1,2250 range. We won't take a position.
USD/CHF - Dollar Swiss Franc
1,1459. The price is just bellow 1,1465 resistance. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. If the resistance is broken then the target will be 1,1550 (91 pips). We won't take a position. The risk/reward ratio is too high to take a position..
USD/JPY - Dollar Yen
97,22. USD JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 96,10 (112 pips). If the support is broken then the target will be 95,00 (222 pips). We won't take a position. The risk/reward ratio is too high to take a position..
1,2716. EUR USD is in an downtrend directed by daily exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support above 1,2400 (316 pips). => We could take a short position at 1,2770. We will put the stop loss above 1,2890 (-120 pips). The targets are 1,2580 (+190 pips, risk/reward 1:1.6), 1,2400 (+370 pips, risk/reward 1:3.1) . 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
1,2875 - 1,2990
Supports
1,2670 - 1,2600
1,6256. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6220 (36 pips). If the support is broken then the target will be 1,5950 (306 pips). => We could take a short position at 1,6320. We will put the stop loss above 1,6470 (-150 pips). The targets are 1,5950 (+370 pips, risk/reward 1:2.5), 1,5770 (+550 pips, risk/reward 1:3.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistancesmore information on GBP/USD - British Pound Dollar Click Here
1,6420 - 1,6500
Supports
1,6220 - 1,5950
1,2198. USD CAD 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 consolidation should continue. The price should continue to move in 1,1900 / 1,2250 range. We won't take a position.
Resistancesmore information on USD/CAD - US Dollar Canadian Dollar Click Here
1,2250 - 1,2430
Supports
1,2065 - 1,1900
1,1459. The price is just bellow 1,1465 resistance. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. If the resistance is broken then the target will be 1,1550 (91 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistancesmore information on USD/CHF - Dollar Swiss Franc Click Here
1,1465 - 1,1550
Supports
1,1360 - 1,1225
97,22. USD JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 96,10 (112 pips). If the support is broken then the target will be 95,00 (222 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
97,70 - 99,45
Supports
96,70 - 96,10
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