European Session

EUR/USD - Euro Dollar

1,2971. EUR USD is in an uptrend supported by 1H exponential moving averages. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,2900 (71 pips). The uptrend should continue to gather momentum.
=> We could take a long position at 1,2960. We will put the stop loss below 1,2860 (-100 pips). The targets are 1,3150 (+190 pips, risk/reward 1:1.9), 1,3200 (+240 pips, risk/reward 1:2.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,3075 - 1,3150

Supports

1,2945 - 1,2900

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GBP/USD - British Pound Dollar

1,5348. GBP USD is in an uptrend supported by 1H exponential moving averages. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,5270 (78 pips). The uptrend should continue to gather momentum.
=> We could take a long position at 1,5350. We will put the stop loss below 1,5250 (-100 pips). The targets are 1,5530 (+180 pips, risk/reward 1:1.8), 1,5700 (+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): 2.

Resistances

1,5530 - 1,5700

Supports

1,5270 - 1,5020

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USD/CAD - US Dollar Canadian Dollar

1,2272. USD CAD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,2100 / 1,2450 range. We won't take a position.

Resistances

1,2350 - 1,2475

Supports

1,2180 - 1,2100

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USD/CHF - Dollar Swiss Franc

1,1899. USD CHF is in a consolidation after the last bearish movement. 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,19690 (70 pips). The downtrend should continue on 1,1600 support (299 pips).
=> We could take a short position at 1,1900. We will put the stop loss above 1,1970 (-70 pips). The targets are 1,1780 (+120 pips, risk/reward 1:1.7), 1,1690 (+210 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

1,1960 - 1,2050

Supports

1,1830 - 1,1780

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USD/JPY - Dollar Yen

94,87. USD JPY broke 95,75 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 95,80 (93 pips). The downtrend should continue on 93,80 support (107 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

95,80 - 97,40

Supports

94,65 - 93,50

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