no nonsense forex income strategies
Short term (Intraday)
1,5529. EUR/USD currency pair is in a range between 1,5565 and 1,5650. EUR/USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,5450 / 1,5650 range.
Resistances 1,5540 - 1,5590
Supports 1,5470 - 1,5440
106,26. USD/JPY currency pair is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD/JPY. The consolidation should continue. The price should continue to move in 105,50 / 106,30 range. If the resistance is broken then the target will be 108,00.
Resistances 106,30 - 106,50
Supports 105,60 - 105,00
1,9630. GBP/USD currency pair broke 1,9600 resistance. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,9500 / 1,9700 range.
Resistances 1,9635 - 1,9700
Supports 1,9540 - 1,9500
1,5668. EUR/USD currency pair broke 1,5630 resistance. The volatility rises. Bollinger bands are deviated. 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 1,5820 (140 pips) resistance.
Resistances 1,5700 - 1,5820
Supports 1,5630 - 1,5480
