European Session

EUR/USD - Euro Dollar

1,4479. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 1,4450. The consolidation should continue. If the support is broken then the target will be 1,4300.

Resistances

1,4500 - 1,4550

Supports

1,4440 - 1,4400

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GBP/JPY - British Pound Yen

208,50. GBP JPY made a false break and continues the actual trend.. GBP JPY is in a range between 207,80 and 209,50. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

209,50 - 210,40

Supports

207,90 - 207,00

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GBP/USD - British Pound Dollar

1,9430. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The price should find a support above 1,9400. If the resistance is broken then the target will be 1,9200 (230 pips).
=> We could take a short position at 1,9430. We will put the stop loss above 1,9475 (-45 pips). The targets are 1,9330 (+100 pips) 1,9240 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,9450 - 1,9475

Supports

1,9400 - 1,9330

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USD/CAD - US Dollar Canadian Dollar

1,0099. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a resistance below 1,0130. If the resistance is broken then the target will be 1,0350 (250 pips).

Resistances

1,0130 - 1,0170

Supports

1,0080 - 1,0025

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USD/CHF - Dollar Swiss Franc

1,1038. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 1,1100. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1050 - 1,1100

Supports

1,1025 - 1,0940

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