no nonsense forex income strategies
1,4880. EUR/USD currency pair is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a resistance below 1,4930 (50 pips).
Resistances 1,4900- 1,4930
Supports 1,4830 - 1,4750
211,73. GBP/JPY currency pair is in a range between 210,50 and 213,70. GBP/JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Trend Indicator) is in a bearish configuration. The price should find a support above 210,30. If the support is broken then the target will be 206,50 (520 pips).
Resistances 212,00 - 213,70
Supports 210,50 - 209,50
1,9890. GBP/USD currency pair is in an uptrend supported by 1H exponential moving averages. GBP/USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should find a resistance below 1,9950. The consolidation should continue.
Resistances 1,9950 - 2,0000
Supports 1,9825 - 1,9730
1,4865. EUR/USD currency pair broke 1,4800 resistance. EUR/USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, daily (Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD pair. The price should find a resistance below 1,4900. The consolidation should continue. If the resistance is broken then the target will be 1,5000.
Resistances 1,4900 - 1,5000
Supports 1,4815 - 1,4760
