American Session

EUR/USD - Euro Dollar

1,2541. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,2630 (89 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,2560. We will put the stop loss above 1,2650 (-90 pips). The targets are 1,2400 (+160 pips, risk/reward 1:1.8), 1,2300 (+260 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,2600 - 1,2675

Supports

1,2500 - 1,2350

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GBP/USD - British Pound Dollar

1,5257. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. 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 on 1,4900 support (357 pips).
=> We could take a short position at 1,5250. We will put the stop loss above 1,5350 (-100 pips). The targets are 1,5120 (+130 pips, risk/reward 1:1.3), 1,4900 (+350 pips, risk/reward 1:3.5) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances

1,5350 - 1,5475

Supports

1,5200 - 1,5120

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USD/CAD - US Dollar Canadian Dollar

1,2117. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,2150 - 1,2230

Supports

1,1990 - 1,1900

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USD/CHF - Dollar Swiss Franc

1,1873. 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 parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,2000 resistance (127 pips).
=> We could take a long position at 1,1850. We will put the stop loss below 1,1800 (-50 pips). The targets are 1,1940 (+90 pips, risk/reward 1:1.8), 1,2000 (+150 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

1,1890 - 1,1940

Supports

1,1830 - 1,1765

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USD/JPY - Dollar Yen

97,31. USD JPY is in a range between 97,20 and 98,20. 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. The price should find a support above 96,70 (61 pips). If the support is broken then the target will be 94,50 (281 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

98,20 - 99,40

Supports

97,25 - 96,75

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