European Session

EUR/USD - Euro Dollar

1,2564. EUR USD is in a range between 1,2435 and 1,2850. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2435 / 1,2850 range. We won't take a position.

Resistances

1,2640 - 1,2850

Supports

1,2515 - 1,2435

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GBP/USD - British Pound Dollar

1,4729. 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 is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,4600 (129 pips). If the support is broken then the target will be 1,4200 (529 pips).
=> We could take a short position at 1,4730. We will put the stop loss above 1,4830 (-100 pips). The targets are 1,4500 (+230 pips, risk/reward 1:2.3), 1,4200 (+530 pips, risk/reward 1:5.3) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,4800 - 1,4950

Supports

1,4600 - 1,4500

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

USD/CAD - US Dollar Canadian Dollar

1,2374. USD CAD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,2420 (46 pips). If the resistance is broken then the target will be 1,2800 (426 pips).
We are waiting for a break of the resistance to take a long position.

Resistances

1,2420 - 1,2500

Supports

1,2320 - 1,2090

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USD/CHF - Dollar Swiss Franc

1,1969. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should consolidate. The price should find a resistance below 1,2000 (31 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2000 - 1,2050

Supports

1,1940 - 1,1825

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USD/JPY - Dollar Yen

96,96. There is an horizontal range between 96,35 and 97,60. Support and resistance are given by Bollinger bands. 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

97,60 - 98,15

Supports

96,30 - 94,50

more information on USD/JPY - Dollar Yen Click Here