European Session

EUR/USD - Euro Dollar

1,2598. EUR USD is in an downtrend directed by daily exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,2675 (77 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,2600. We will put the stop loss above 1,2675 (-75 pips). The targets are 1,2500 (+100 pips, risk/reward 1:1.3), 1,2375 (+225 pips, risk/reward 1:3) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,2675 - 1,2820

Supports

1,2525 - 1,2375

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GBP/USD - British Pound Dollar

1,5678. GBP USD broke 1,5975 support. GBP USD is in an downtrend directed by daily exponential moving averages. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5700. We will put the stop loss above 1,5880 (-180 pips). The targets are 1,5400 (+300 pips, risk/reward 1:1.7), 1,5290 (+410 pips, risk/reward 1:2.3) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,5725 - 1,5850

Supports

1,5600 - 1,5400

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USD/CAD - US Dollar Canadian Dollar

1,1838. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,1740 (98 pips). The price should consolidate. If the support is broken then the target will be 1,1400 (438 pips).
We are waiting for a break of the support to take a short position.

Resistances

1,1900 - 1,2000

Supports

1,1780 - 1,1740

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USD/CHF - Dollar Swiss Franc

1,1767. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,1720 (47 pips). The uptrend should continue to gather momentum.
=> We could take a long position at 1,1760. We will put the stop loss below 1,1700 (-60 pips). The targets are 1,1800 (+40 pips, risk/reward 1:0.7), 1,2000 (+240 pips, risk/reward 1:4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,1805 - 1,1880

Supports

1,1720 - 1,1680

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USD/JPY - Dollar Yen

98,88. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

99,00 - 99,70

Supports

98,30 - 96,30

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