European Session

EUR/USD - Euro Dollar

1,4817. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue. The price should continue to move in 1,4770 / 1,4915 range. If the support is broken then the target will be 1,4650 (170 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4860 - 1,4915

Supports

1,4770 - 1,4750

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

2,0643. GBP USD is in a range between 2,0520 and 2,0750. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 2,0520 / 2,0750 range. We won't take a position.

Resistances

2,0690 - 2,0750

Supports

2,0595 - 2,0520

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

USD/CAD - US Dollar Canadian Dollar

0,9845. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 0,9800 and 0,9900. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. If the support is broken then the target will be 0,9500. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

0,9870 - 0,9900

Supports

0,9800 - 0,9720

more information on USD/CAD - US Dollar Canadian Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,1053. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF 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, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The downtrend seems to be finished. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1080 - 1,1100

Supports

1,1005 - 1,0930

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

USD/JPY - Dollar Yen

108,51. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should continue to move in 107,60 / 109,00 range. We won't take a position.

Resistances

108,80 - 109,00

Supports

108,20 - 107,60

more information on USD/JPY - Dollar Yen Click Here