European Session

EUR/USD - Euro Dollar

1,3463. EUR USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,3390 and 1,3525. Support and resistance are given by Bollinger bands. 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 support above 1,3350 (113 pips). If the support is broken then the target will be 1,3000 (463 pips).
We are waiting for a break of the support to take a short position.

Resistances

1,3540 - 1,3650

Supports

1,3425 - 1,3350

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar

1,7317. There is an horizontal range between 1,7140 and 1,7390. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,6900 (417 pips).
We are waiting for a break of the support to take a short position.

Resistances

1,7355 - 1,7480

Supports

1,7280 - 1,7135

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

USD/CAD - US Dollar Canadian Dollar

1,1797. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,2000 (203 pips). The consolidation should continue. If the resistance is broken then the target will be 1,2150 (353 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1835 - 1,1960

Supports

1,1750 - 1,1680

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

USD/CHF - Dollar Swiss Franc

1,1374. USD CHF is in a range between 1,1280 and 1,1460. USD CHF 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. If the resistance is broken then the target will be 1,1650 (276 pips).
We are waiting for a break of the resistance to take a long position.

Resistances

1,1395 - 1,1460

Supports

1,1325 - 1,1280

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

USD/JPY - Dollar Yen

101,58. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 99,50 / 103,00 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

101,80 - 103,00

Supports

100,80 - 99,30

more information on USD/JPY - Dollar Yen Click Here