European Session

EUR/USD - Euro Dollar

1,2873. EUR USD is in an downtrend directed by daily exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3000 (127 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,2900. We will put the stop loss above 1,3020 (-120 pips). The targets are 1,2670 (+230 pips, risk/reward 1:1.9), 1,2500 (+400 pips, risk/reward 1:3.3) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,2900 - 1,3000

Supports

1,2760 - 1,2670

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GBP/USD - British Pound Dollar

1,6356. GBP USD is in an downtrend directed by daily 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. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should find a resistance below 1,6580 (224 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,6400 - 1,6690

Supports

1,6220 - 1,6085

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

USD/CAD - US Dollar Canadian Dollar

1,1941. USD CAD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,1900 (41 pips). If the support is broken then the target will be 1,1750 (191 pips).
We are waiting for a break of the support to take a short position.

Resistances

1,2150 - 1,2365

Supports

1,1900 - 1,1750

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

USD/CHF - Dollar Swiss Franc

1,1502. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,1540 - 1,1700

Supports

1,1440 - 1,1225

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

USD/JPY - Dollar Yen

99,42. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 98,00 / 100,00 range. We won't take a position.

Resistances

99,70 - 100,00

Supports

99,00 - 98,00

more information on USD/JPY - Dollar Yen Click Here