European Session

EUR/USD - Euro Dollar

1,2657. EUR USD is in a range between 1,2430 and 1,2680. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to move in 1,2430 / 1,2680 range.
=> We could take a short position at 1,2670. We will put the stop loss above 1,2750 (-80 pips). The targets are 1,2490 (+180 pips, risk/reward 1:2.2), 1,2430 (+240 pips, risk/reward 1:3) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,2680 - 1,2750

Supports

1,2490 - 1,2430

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GBP/USD - British Pound Dollar

1,4951. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a resistance below 1,5060 (109 pips).
=> We could take a short position at 1,5000. We will put the stop loss above 1,5075 (-75 pips). The targets are 1,4850 (+150 pips, risk/reward 1:2), 1,4750 (+250 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

1,5050 - 1,5250

Supports

1,4850 - 1,4715

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USD/CAD - US Dollar Canadian Dollar

1,2690. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,2990 (300 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2775 - 1,2990

Supports

1,2670 - 1,2430

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USD/CHF - Dollar Swiss Franc

1,2164. 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 high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should find a support above 1,2090 (74 pips). We won't take a position.

Resistances

1,2215 - 1,2290

Supports

1,2150 - 1,2090

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USD/JPY - Dollar Yen

95,40. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 96,00 (60 pips).
=> We could take a short position at 95,50. We will put the stop loss above 96,20 (-70 pips). The targets are 94,50 (+100 pips, risk/reward 1:1.4), 93,10 (+240 pips, risk/reward 1:3.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

96,00 - 97,50

Supports

95,00 - 94,40

more information on USD/JPY - Dollar Yen Click Here