Short term (Intraday)

1,7440. GBPUSD currency pair is in an downtrend directed by 1H exponential moving averages. GBPUSD is in a consolidation after the last bearish movement. GBPUSD is in a range between 1,7340 and 1,7630. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,7650 (210 pips). The downtrend should continue to gather momentum.

We could take a short position at 1,7550. We will put the stop loss above 1,7650 (-100 pips). The targets are 1,7400 (+150 pips, risk/reward 1:1.5), 1,7340 (+210 pips, risk/reward 1:2.1) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances 1,7500 – 1,7650
Supports 1,7400 – 1,7340

Short term (Intraday)

1,1126. USDCAD currency pair is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Trend Indicator) is in a bullish configuration. The price should find a support above 1,1030 (96 pips). The uptrend should continue on 1,1300 resistance (174 pips).

We could take a long position at 1,1100. We will put the stop loss below 1,1030 (-70 pips). The targets are 1,1170 (+70 pips, risk/reward 1:1), 1,1300 (+200 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances 1,1150 – 1,1170
Supports 1,1100 – 1,1130

1,1335. USDCHF currency pair is in a consolidation after the last bullish movement. The volatility is low. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USDCHF. The price should continue to move in 1,1270 / 1,1500 range.

Resistances 1,1385 – 1,1490
Supports 1,1300 – 1,1250

99,78. USDJPY currency pair is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. We won’t take a position while the volatility is high.

Resistances 101,10 – 103,10
Supports 99,50 – 98,75