Mataf

EUR/USD - Euro Dollar
1,4670. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4600 and 1,4700. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. We won't take a position.

Resistances
1,4690 - 1,4700 - 1,4750
Supports
1,4640 - 1,4590

USD/CHF - Dollar Swiss Franc
1,1164. USD CHF is in an downtrend directed 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 bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.
=> We could take a short position at 1,1170. We will put the stop loss above 1,1200 (-30 pips). The targets are 1,1100 (+70 pips) 1,1050 (+120 pips) 1,1000 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.

Resistances
1,1195 - 1,1240
Supports
1,1160 - 1,1100

GBP/USD - British Pound Dollar
2,0525. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a resistance below 2,0570. The downtrend should continue to gather momentum. The target is expected at 2,0320.
=> We could take a short position at 2,0540. We will put the stop loss above 2,0580 (-40 pips). The targets are 2,0480 (+60 pips) 2,0420 (+120 pips) 2,0320 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
2,0570 - 2,0615
Supports
2,0480 - 2,0420

USD/CAD - US Dollar Canadian Dollar
0,9743. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 0,9700 / 0,9900 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
0,9780 - 0,9870
Supports
0,9700 - 0,9615

USD/JPY - Dollar Yen
110,56. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 110,00 and 111,70. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 111,00. The downtrend should continue to gather momentum.
=> We could take a short position at 110,60. We will put the stop loss above 111,10 (-50 pips). The targets are 110,00 (+60 pips) 109,00 (+160 pips) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
111,00 - 111,70
Supports
110,50 - 110,00