EUR/USD - Euro Dollar
1,5759. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. 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 support above 1,5700. The uptrend should continue on 1,6000 resistance.
=> We could take a long position at 1,5760. We will put the stop loss below 1,5710 (-50 pips). The targets are 1,5850 (+90 pips) 1,6000(+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5800 - 1,5850
Supports
1,5750 - 1,5710
GBP/USD - British Pound Dollar
1,9821. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum. The price should find a support above 1,9770.
=> We could take a long position at 1,9820. We will put the stop loss below 1,9770 (-50 pips). The targets are 1,9900 (+80 pips) 2,0000 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,9830 - 1,9850
Supports
1,9805 - 1,9770
USD/CAD - US Dollar Canadian Dollar
0,9884. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 0,9900. The downtrend should continue to gather momentum.
=> We could take a short position at 0,9890. We will put the stop loss above 0,9920 (-30 pips). The targets are 0,9830 (+60 pips) 0,9800 (+90 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
0,9900 - 0,9940
Supports
0,9860 - 0,9830
USD/CHF - Dollar Swiss Franc
1,0261. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0290. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0280. We will put the stop loss above 1,0330 (-50 pips). The targets are 1,0200 (+80 pips) 1,0150 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,0265 - 1,0310
Supports
1,0215 - 1,0200
USD/JPY - Dollar Yen
103,33. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The consolidation should continue. The price should continue to move in 102,75 / 103,50 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
103,55 - 104,00
Supports
103,05 - 102,75