European Session

EUR/USD - Euro Dollar

1,3409. EUR USD broke 1,3540 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,3440 (31 pips). The downtrend should continue on 1,3000 support (409 pips).
=> We could take a short position at 1,3400. We will put the stop loss above 1,3470 (-70 pips). The targets are 1,3200 (+200 pips, risk/reward 1:2.9), 1,3000 (+400 pips, risk/reward 1:5.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,3450 -1,3530

Supports

1,3330 - 1,3200

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GBP/USD - British Pound Dollar

1,5089. 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 is high. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4980 / 1,5280 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,5130 - 1,5280

Supports

1,4980 - 1,4730

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

USD/CAD - US Dollar Canadian Dollar

1,1911. 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 is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,1965 - 1,2070

Supports

1,1860 - 1,1760

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

USD/CHF - Dollar Swiss Franc

1,1166. USD CHF broke 1,1060 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1200 (34 pips). The consolidation should continue. If the resistance is broken then the target will be 1,1290 (124 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,1190 - 1,1290

Supports

1,1060 - 1,0860

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USD/JPY - Dollar Yen

90,07. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. 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 support above 89,90 (17 pips). If the support is broken then the target will be 88,50 (157 pips).
=> We could take a short position at 90,10. We will put the stop loss above 90,70 (-60 pips). The targets are 89,00 (+110 pips, risk/reward 1:1.8), 88,50 (+160 pips, risk/reward 1:2.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

90,70 - 91,60

Supports

89,90 - 89,00

more information on USD/JPY - Dollar Yen Click Here