European Session

EUR/USD - Euro Dollar

1,3527. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,3550 - 1,3630

Supports

1,3450 - 1,3300

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GBP/USD - British Pound Dollar

1,4922. GBP USD broke 1,4740 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is high. 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 resistance below 1,5000 (78 pips). If the resistance is broken then the target will be 1,5200 (278 pips).
We are waiting for a break of the resistance to take a long position.

Resistances

1,5000 - 1,5100

Supports

1,4850 - 1,4740

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

USD/CAD - US Dollar Canadian Dollar

1,1828. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.
=> We could take a short position at 1,1830. We will put the stop loss above 1,1875 (-45 pips). The targets are 1,1730 (+100 pips, risk/reward 1:2.2), 1,1630 (+200 pips, risk/reward 1:4.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances

1,1870 - 1,2000

Supports

1,1760 - 1,1730

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

USD/CHF - Dollar Swiss Franc

1,1163. 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. Bollinger bands are flat. Oscillators are neutral. The price should consolidate. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1200 - 1,1280

Supports

1,1130 - 1,1000

more information on USD/CHF - Dollar Swiss Franc Click Here

USD/JPY - Dollar Yen

93,82. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 94,60 (78 pips). The price should consolidate. We won't take a position.

Resistances

94,10 - 94,60

Supports

93,60 - 92,85

more information on USD/JPY - Dollar Yen Click Here