European Session

EUR/USD - Euro Dollar

1,3671. EUR USD is in a range between 1,3540 and 1,3770. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,3770 - 1,3850

Supports

1,3635 - 1,3540

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GBP/USD - British Pound Dollar

1,5223. 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. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5250 - 1,5360

Supports

1,5160 - 1,4985

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

USD/CAD - US Dollar Canadian Dollar

1,1858. USD CAD is in a range between 1,1760 and 1,2070. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,1760 / 1,2070 range. We won't take a position.

Resistances

1,1890 - 1,2070

Supports

1,1760 - 1,1700

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

USD/CHF - Dollar Swiss Franc

1,0951. USD CHF is in a range between 1,0870 and 1,1090. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,0970 - 1,1090

Supports

1,0870 - 1,0740

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USD/JPY - Dollar Yen

91,18. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 91,70 (52 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 91,20. We will put the stop loss above 91,80 (-60 pips). The targets are 89,70 (+150 pips, risk/reward 1:2.5), 88,80 (+240 pips, risk/reward 1:4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

91,70 - 92,00

Supports

90,85 - 89,70

more information on USD/JPY - Dollar Yen Click Here