no nonsense forex income strategies
209,54. GBP/JPY currency pair broke 210,00 support. GBP/JPY is in an downtrend directed by 15min exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP/JPY. The downtrend should continue on 208,00 support.
Resistances 210,25 - 211,20
Supports 209,50 - 209,00
211,32. GBP/JPY currency pair broke 212,00 support. GBP/JPY is in a consolidation after the last bearish movement. GBP/JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 210,00 / 213,50 range.
Resistances 212,00 - 212,50
Supports 211,00 - 210,00
1,9872. 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 decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP/USD. The price should find a resistance below 1,9950. The consolidation should continue. The price should continue to move in 1,9850 / 1,9950 range.
Resistances 1,9950 - 1,9965
Supports 1,9850 - 1,9800
0,9800. USD/CAD currency pair is in an downtrend directed by 1H exponential moving averages. USD/CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (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 0,9450 (350 pips). The price should find a support above 0,9750.
Resistances 0,9835 - 0,9870
Supports 0,9760 - 0,9700
1,4818. EUR/USD currency pair 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. Bollinger bands are flat. ForexTrend 4H, daily (Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,4930 resistance. The price should find a support above 1,4790.
Resistances 1,4840 - 1,4860
Supports 1,4810 - 1,4790
212,15. GBP/JPY currency pair broke 212,00 resistance. GBP/JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 213,00.
Resistances 212,75 - 213,40
Supports 212,00 - 211,00
