no nonsense forex income strategies
1,5671. EUR/USD currency pair broke 1,5600 resistance. EUR/USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD. The uptrend should continue on 1,5720 (50 pips) resistance.
Resistances 1,5680 - 1,5720
Supports 1,5610 - 1,5540
1,9684. GBP/USD currency pair is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP/USD. The price should find a resistance below 1,9730. The consolidation should continue.
Resistances 1,9730 - 1,9800
Supports 1,9630 - 1,9540
0,9898. USD/CAD currency pair is in an downtrend directed by 1H exponential moving averages. USD/CAD currency pair is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 0,9800 (100 pips).
=> We could take a short position at 0,9900. We will put the stop loss above 0,9950 (-50 pips). The targets are 0,9850 (+50 pips) 0,9800 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances 0,9950 - 0,9960
Supports 0,9880 - 0,9850
203,06. GBP/JPY currency pair is in a range between 202,85 and 204,65. GBP/JPY currency pair moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. If the support is broken then the target will be 201,00.
Resistances 203,65 - 204,65
Supports 202,85 - 201,75
