European Session

EUR/USD - Euro Dollar

1,4645. EUR USD broke 1,4600 resistance. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to consolidate. The price should find a resistance below 1,4670. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4670 - 1,4700

Supports

1,4600 - 1,4535

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0951. GBP USD broke 2,0900 resistance. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum. The price should find a resistance below 2,1000 (50 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

2,0960 - 2,1000

Supports

2,0915 - 2,0860

more information on GBP/USD - British Pound Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,1375. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to consolidate. The price should find a support above 1,1350. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1400 - 1,1425

Supports

1,1350 - 1,1300

more information on USD/CHF - Dollar Swiss Franc Click Here

USD/JPY - Dollar Yen

114,03. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The price is just above 113,80 support. The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 113,80. If the support is broken then the target will be 112,00 (200 pips).
=> We could take a short position at 114,10. We will put the stop loss above 114,40 (-30 pips). The targets are 113,40 (+70 pips) 112,80 (+130 pips) 112,00 (+210 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

114,10 - 114,40

Supports

113,80 - 113,20

more information on USD/JPY - Dollar Yen Click Here

EUR/JPY - Euro Yen

166,95. EUR JPY is in a range between 165,00 and 167,50. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR JPY. The price should find a resistance below 167,50. The trend should reverse. The price should continue to move in 165,00 / 167,50 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

167,50 - 168,00

Supports

166,70 - 166,35

more information on EUR/JPY - Euro Yen Click Here