European Session

EUR/USD - Euro Dollar

1,2856. EUR USD broke 1,2680 resistance. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,2810 (46 pips). The uptrend should continue on 1,3100 resistance (244 pips).
=> We could take a long position at 1,2850. We will put the stop loss below 1,2785 (-65 pips). The targets are 1,2960 (+110 pips, risk/reward 1:1.7), 1,3100 (+250 pips, risk/reward 1:3.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,2960 - 1,3100

Supports

1,2810 - 1,2680

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GBP/USD - British Pound Dollar

1,5098. GBP USD broke 1,5050 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5300 (202 pips). The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5190 - 1,5300

Supports

1,5050 - 1,4950

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

USD/CAD - US Dollar Canadian Dollar

1,2403. USD CAD broke 1,2600 support. USD CAD broke the uptrend to begin a bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a support above 1,2250 (153 pips). The consolidation should continue. We won't take a position.

Resistances

1,2450 - 1,2530

Supports

1,2250 - 1,2110

more information on USD/CAD - US Dollar Canadian Dollar Click Here

USD/CHF - Dollar Swiss Franc

1,2015. USD CHF broke 1,2160 support. USD CHF broke the uptrend to begin a bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,1900 / 1,2040 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,2040 - 1,2080

Supports

1,1930 - 1,1880

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USD/JPY - Dollar Yen

96,41. USD JPY broke 96,00 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 96,00 / 97,50 range. We won't take a position.

Resistances

96,80 - 97,50

Supports

96,00 - 94,60

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