EUR/USD - Euro Dollar
1,4318. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue to gather momentum. The price should find a resistance below 1,4360. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4340 - 1,4360
Supports
1,4305 - 1,4250
GBP/USD - British Pound Dollar
2,0494. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum. The price should find a resistance below 2,0550. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
2,0515 - 2,0550
Supports
2,0475 - 2,0420
USD/CAD - US Dollar Canadian Dollar
0,9671. USD CAD broke 0,9725 support. 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 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should continue to consolidate. We won't take a position.
Resistances
0,9695 - 0,9725
Supports
0,9635 - 0,9615
USD/CHF - Dollar Swiss Franc
1,1343. USD CHF is in an downtrend directed by 1H exponential moving averages. The price is just above 1,1600 support. 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 CHF. The price should find a support above 1,1600. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,1650 - 1,1730
Supports
1,1610 - 1,1600
USD/JPY - Dollar Yen
114,09. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The target is expected at 112,00.
=> We could take a short position at 114,15. We will put the stop loss above 114,60 (-45 pips). The targets are 113,40 (+75 pips) 113,00 (+115 pips) 112,00 (+215 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
114,20 - 114,75
Supports
113,40 - 113,00