American Session

EUR/USD - Euro Dollar

1,4695. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4510 and 1,4730. The price is just bellow 1,4730 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4800 (100 pips) resistance. The price should find a resistance below 1,4710.

Resistances

1,4710 - 1,4730 - 1,4800

Supports

1,4665 - 1,4620

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EUR/AUD - Euro Australian Dollar

1,6245. EUR AUD is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,6200 / 1,6600 range. If the support is broken then the target will be 1,6050. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,6340 - 1,6450

Supports

1,6200 - 1,6130

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EUR/JPY - Euro Yen

163,27. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are parallel and form the trend. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The uptrend seems to be finished. The trend should reverse. The target is expected at 161,50 (170 pips).
=> We could take a short position at 163,50. We will put the stop loss above 164,10 (-60 pips). The targets are 161,50 (+200 pips) 160,20 (+330 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances

164,00 - 164,50

Supports

162,20 - 161,40

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USD/CAD - US Dollar Canadian Dollar

0,9560. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to consolidate. The price should continue to move in 0,9500 / 0,9730 range. We won't take a position.

Resistances

0,9590 - 0,9660

Supports

0,9520 - 0,9380

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USD/JPY - Dollar Yen

111,01. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The price should find a resistance below 111,50.
=> We could take a short position at 111,10. We will put the stop loss above 111,60 (-50 pips). The targets are 110,40 (+70 pips) 109,10 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

111,50 - 112,30

Supports

110,90 - 110,40 - 109,10

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