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Hi there fellow traders! Herewith is my daily video recap for December 2, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room. http://www.youtube.com/watch?v=9gUTwXkAN3A To learn more about the Live Trading Room, please click here. (Dec 02, 2008 10:51AM)

As expected after break at the range 95.90 - 95.10 downwards, Dollar/Yen made a descending motion yesterday. The currency couple made the bottom at 93.03 and closed at 93.19. The signals are still descending. However, during the Asian session earlier today, there was a rising pressure, and the CCI ... (Dec 02, 2008 6:16AM)

1,2690. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,2575 and 1,2715. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position. Re... (Dec 02, 2008 6:09AM)

1,5052. GBP USD broke 1,5000 resistance. The volatility is high. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in Bollinger bands. W... (Dec 02, 2008 6:03AM)

1,2440. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. 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. Resistances1,2490 - 1,... (Dec 02, 2008 6:00AM)

1,2055. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a posit... (Dec 02, 2008 5:58AM)

93,56. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 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 resist... (Dec 02, 2008 5:56AM)

140,74. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resis... (Dec 02, 2008 5:51AM)

119,06. EUR JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The price should find a resis... (Dec 02, 2008 5:48AM)

0,8457. EUR GBP is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should find a support above 0,8400 (57 ... (Dec 02, 2008 5:43AM)

1,5317. EUR CHF broke 1,5240 resistance. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The uptrend should continue on 1,5400 resistance (83 pips). We won't take a position. The risk/reward ratio is too high to take a pos... (Dec 02, 2008 5:40AM)

1,5770. EUR CAD is in a range between 1,5585 and 1,5815. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a posi... (Dec 02, 2008 5:38AM)

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