Currency Majors Technical Analysis EUR/USD - Euro Dollar
Short term (Intraday)
1,3587. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should consolidate. The price should find a resistance below 1,3620. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,3600 - 1,3620
Supports
1,3570 - 1,3525
USD/CHF - Dollar Swiss Franc
Short term (Intraday)
1,2021. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The target is expected at 1,1900.
=> We could take a short position at 1,2020. We will put the stop loss above 1,2050 (-30 pips). The targets are 1,1980 ( 40 pips) 1,1950 ( 70 pips) 1,1900 ( 120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,2030 - 1,2005
Supports
1,2000 - 1,1985
USD/JPY - Dollar Yen
Short term (Intraday)
117,92. USD JPY broke 118,20 support. USD JPY broke the uptrend to begin a bearish movement. The volatility rises. 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 116,00.
=> We could take a short position at 117,90. We will put the stop loss above 118,20 (-30 pips). The targets are 117,20 ( 70 pips) 116,50 ( 140 pips) 116,00 ( 190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
118,00 - 118,20 - 118,50
Supports
117,80 - 117,65 - 117,20
GBP/USD - British Pound Dollar
Short term (Intraday)
2,0031. 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 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should continue to consolidate. The price should continue to move in 2,0000 / 2,0100 range. If the support is broken then the target will be 1,9900. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
2,0075 - 2,0100
Supports
2,0000 - 1,9960
USD/CAD - US Dollar Canadian Dollar
Short term (Intraday)
1,1302. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The target is expected at 1,1000.
=> We could take a short position at 1,1305. We will put the stop loss above 1,1335 (-30 pips). The targets are 1,1250 ( 55 pips) 1,1220 ( 85 pips) 1,1200 ( 105 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,1310 - 1,1330
Supports
1,1270 - 1,1250