1,2469. 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 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 EUR USD. The downtrend should continue on 1,2350 support (119 pips). If the support is broken then the target will be 1,2100 (369 pips). => We could take a short position at 1,2470. We will put the stop loss above 1,2525 (-55 pips). The targets are 1,2350 (+120 pips risk/reward 1:2.2). 1,2150 (+320 pips risk/reward 1:5.8) . Each trade is dangerous take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,4890. 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 decreases. Bollinger bands are tightened. ForexTrend 1H. 4H daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. => We could take a short position at 1,4890. We will put the stop loss above 1,5010 (-120 pips). The targets are 1,4700 (+190 pips risk/reward 1:1.6). 1,4450 (+440 pips risk/reward 1:3.7) . Each trade is dangerous take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
1,2346. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,2430 (84 pips). The consolidation should continue. If the resistance is broken then the target will be 1,2750 (404 pips). We are waiting for a break of the resistance to take a long position.
1,1871. USD CHF 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 daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,1800 (71 pips). The uptrend should continue on 1,2000 resistance (129 pips). We won't take a position. The risk/reward ratio is too high to take a position..
95,73. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H. 4H daily (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 94,50 / 96,10 range. If the support is broken then the target will be 92,00 (373 pips). We are waiting for a break of the support to take a short position.
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