American Session

EUR/USD - Euro Dollar

1,3842. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,3950 (108 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,3850. We will put the stop loss above 1,3960 (-110 pips). The targets are 1,3760 (+90 pips, risk/reward 1:0.8), 1,3580 (+270 pips, risk/reward 1:2.5) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,3900 - 1,4000

Supports

1,3760 - 1,3680

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GBP/USD - British Pound Dollar

1,7669. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,7550 / 1,7850 range. If the support is broken then the target will be 1,7270 (399 pips).
We are waiting for a break of the support to take a short position.

Resistances

1,7735 - 1,7865

Supports

1,7640 - 1,7580

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USD/CAD - US Dollar Canadian Dollar

1,0772. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,0810 (38 pips). The consolidation should continue. If the resistance is broken then the target will be 1,0900 (128 pips).
We are waiting for a break of the resistance to take a long position.

Resistances

1,0810 - 1,0900

Supports

1,0740 - 1,0680

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USD/CHF - Dollar Swiss Franc

1,1312. 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 low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1410 (98 pips). The consolidation should continue. We won't take a position.

Resistances

1,1355 - 1,1410

Supports

1,1250 - 1,1225

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USD/JPY - Dollar Yen

105,03. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

105,50 - 106,50

Supports

105,00 - 103,50

more information on USD/JPY - Dollar Yen Click Here