EUR/USD - Euro Dollar
1,4335. EUR USD is in a range between 1,4150 and 1,4350. The price is just bellow 1,4350 resistance. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4350. If the resistance is broken then the target will be 1,4400. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4350 - 1,4400
Supports
1,4300 - 1,4275
GBP/USD - British Pound Dollar
2,0525. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 2,0550 resistance. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to consolidate. The price should find a resistance below 2,0550. If the resistance is broken then the target will be 2,0670. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
2,0550 - 2,0600
Supports
2,0500 - 2,0460
USD/CHF - Dollar Swiss Franc
1,1648. USD CHF is in a consolidation after the last bearish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,1630 support. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The price should find a support above 1,1600 / 1,1630. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,1675 -1,1690
Supports
1,1635 - 1,1600
USD/JPY - Dollar Yen
114,22. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 113,80 and 114,90. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to consolidate. The price should find a support above 113,50/70. If the support is broken then the target will be 112,00.
=> We could take a short position at 114,25. We will put the stop loss above 114,60 (-35 pips). The targets are 113,80 (+45 pips) 113,40 (85 pips) 112,00 (+225 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
114,46 - 114,95
Supports
113,80 - 113,40
EUR/GBP - Euro British Pound
0,6985. EUR GBP is in a consolidation after the last bullish movement. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 0,6990 resistance. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should continue to consolidate. The price should continue to move in Bollinger bands.
[arbitrage EUR USD/ GBP USD] : We expect similar moves on EUR USD and GBP USD..
Resistances
0,6985 - 0,7000
Supports
0,6975 - 0,6965