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1,5829. EUR USD is in a range between 1,5730 and 1,5900. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5850 - 1,5900
Supports
1,5800 - 1,5725
more information on EUR/USD - Euro Dollar Click Here
1,0187. USD CAD made a false break and continues the actual trend.. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0200 - 1,0220
Supports
1,0155 - 1,0130
more information on USD/CAD - US Dollar Canadian Dollar Click Here
101,13. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 100,00 / 103,00 range. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
101,60 - 102,50
Supports
100,80 - 100,00
more information on USD/JPY - Dollar Yen Click Here
199,49. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 198,00 / 201,60 range. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
200,35 - 201,60
Supports
199,30 - 198,00
more information on GBP/JPY - British Pound Yen Click Here
159,90. EUR JPY is in a range between 159,00 and 161,50. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 159,00 / 161,50 range. We won’t take a position. The risk/reward ratio is too high to take a position..
Resistances
160,65 - 161,50
Supports
159,75 - 159,00
more information on EUR/JPY - Euro Yen Click Here
Monday April 14, 2008
EUR-USD
Market looks set for gains towards 1.5875 or above in extension. Dips should find support at 1.5807 - 1.5783 zone.
