American Session

EUR/USD - Euro Dollar

1,3423. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,3330 (93 pips). If the support is broken then the target will be 1,3000 (423 pips).
=> We could take a short position at 1,3420. We will put the stop loss above 1,3470 (-50 pips). The targets are 1,3130 (+290 pips, risk/reward 1:5.8), 1,3000 (+420 pips, risk/reward 1:8.4) . 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

1,4907. GBP USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,4300 support (607 pips).
=> We could take a short position at 1,4900. We will put the stop loss above 1,5050 (-150 pips). The targets are 1,4750 (+150 pips, risk/reward 1:1), 1,4300 (+600 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

1,5050 - 1,5140

Supports

1,4900 - 1,4730

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

USD/CAD - US Dollar Canadian Dollar

1,1965. USD CAD is in a range between 1,1770 and 1,2070. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. 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

1,2000 - 1,2070

Supports

1,1900 - 1,1770

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USD/CHF - Dollar Swiss Franc

1,1214. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1290 (76 pips). The consolidation should continue. We won't take a position.

Resistances

1,1260 - 1,1375

Supports

1,1150 - 1,1060

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USD/JPY - Dollar Yen

90,00. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 89,00 support (100 pips). We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

90,25 - 90,60

Supports

89,60 - 89,20

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