Asian Session

EUR/JPY - Euro Yen

158,90. EUR JPY is in an downtrend directed by 1H exponential moving averages. EUR JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR JPY. The downtrend should continue on 155,00 support.
=> We could take a short position at 159,00. We will put the stop loss above 160,00 (-100 pips). The targets are 157,00 (+200 pips) 155,00 (+400 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

159,60 - 160,40

Supports

158,80 - 157,00

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AUD/USD - Australian Dollar US Dollar

0,8777. AUD USD is in an downtrend directed by 1H exponential moving averages. The price is just above 0,8750 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should find a support above 0,8750. If the support is broken then the target will be 0,8400 (350 pips).

Resistances

0,8870 - 0,8920

Supports

0,8760 - 0,8700

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USD/CAD - US Dollar Canadian Dollar

0,9687. 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 (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 0,9830 (140 pips) resistance.
=> We could take a long position at 0,9680. We will put the stop loss below 0,9645 (-35 pips). The targets are 0,9750 (+70 pips) 0,9830 (+150 pips) 0,9900 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

0,9700 - 0,9750

Supports

0,9660 - 0,9600

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USD/JPY - Dollar Yen

109,39. USD JPY 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, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.
=> We could take a short position at 109,50. We will put the stop loss above 109,95 (-45 pips). The targets are 108,80 (+70 pips) 108,00 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances

109,90 - 110,50

Supports

109,20 - 108,80

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EUR/USD - Euro Dollar

1,4532. EUR USD broke 1,4550 support. EUR USD broke the uptrend to begin a bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,4475 (60 pips) support. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4570 - 1,4620

Supports

1,4525 - 1,4475

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