European Session

EUR/USD - Euro Dollar

1,2599. EUR USD broke 1,2675 support. EUR USD is in a consolidation after the last bearish movement. 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 EUR USD. The price should find a resistance below 1,2675 (76 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,2640. We will put the stop loss above 1,2740 (-100 pips). The targets are 1,2470 (+170 pips, risk/reward 1:1.7), 1,2350 (+290 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,2675 - 1,2710

Supports

1,2500 - 1,2350

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GBP/USD - British Pound Dollar

1,5442. 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 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 price should find a resistance below 1,5475 (33 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,5440. We will put the stop loss above 1,5500 (-60 pips). The targets are 1,5350 (+90 pips, risk/reward 1:1.5), 1,5250 (+190 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,5480 - 1,5610

Supports

1,5350 - 1,5250

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

USD/CAD - US Dollar Canadian Dollar

1,2005. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). 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. We won't take a position.

Resistances

1,2100 - 1,2155

Supports

1,1990 - 1,1900

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USD/CHF - Dollar Swiss Franc

1,1837. 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, 4H, 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 1,1790 (47 pips). The uptrend should continue to gather momentum.
=> We could take a long position at 1,1830. We will put the stop loss below 1,1760 (-70 pips). The targets are 1,1940 (+110 pips, risk/reward 1:1.6), 1,2000 (+170 pips, risk/reward 1:2.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,1890 - 1,1940

Supports

1,1830 - 1,1765

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USD/JPY - Dollar Yen

97,78. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

98,20 - 99,40

Supports

97,25 - 96,75

more information on USD/JPY - Dollar Yen Click Here