EUR/USD - Euro Dollar
1,5457. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,5380 / 1,5490 range. If the support is broken then the target will be 1,5250 (200 pips).
Resistances
1,5500 - 1,5520
Supports
1,5440 - 1,5400
GBP/USD - British Pound Dollar
1,9758. GBP USD is in a range between 1,9700 and 1,9900. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,9780 - 1,9850
Supports
1,9710 - 1,9625
USD/CAD - US Dollar Canadian Dollar
1,0178. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0200 - 1,0240
Supports
1,0150 - 1,0110
USD/CHF - Dollar Swiss Franc
1,0537. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,0600. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0580 - 1,0600
Supports
1,0530 - 1,0500
USD/JPY - Dollar Yen
105,25. USD JPY broke 104,80 resistance. USD JPY 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 (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 107,50 (220 pips) resistance.
=> We could take a long position at 105,20. We will put the stop loss below 104,80 (-40 pips). The targets are 105,90 (+70 pips) 106,50 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
105,45 - 105,70
Supports
105,10 - 104,55