Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3190. EUR USD broke 1,3090 resistance. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3270 (80 pips). The consolidation should continue. If the resistance is broken then the target will be 1,3350 (160 pips).

Resistances

1,3260 - 1,3350

Supports

1,3095 - 1,2950

GBP/USD - British Pound Dollar

1,4043. GBP USD broke 1,3810 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,4100 (57 pips). If the resistance is broken then the target will be 1,4350 (307 pips).

Resistances

1,4080 - 1,4350

Supports

1,3900 - 1,3810

USD/CAD - US Dollar Canadian Dollar

1,2244. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2280 (36 pips). The downtrend should continue to gather momentum.

Resistances

1,2280 - 1,2390

Supports

1,2150 - 1,2000

USD/CHF - Dollar Swiss Franc

1,1385. USD CHF broke 1,1515 support. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,1280 support (105 pips).

Resistances

1,1450 - 1,1515

Supports

1,1335 - 1,1280

USD/JPY - Dollar Yen

89,43. There is an horizontal range between 88,85 and 89,70. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

89,70 - 90,20

Supports

8910 - 88,85