Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3188. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,3290 - 1,3350

Supports

1,3095 - 1,2950

GBP/USD - British Pound Dollar

1,4091. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue.

Resistances

1,4240 - 1,4375

Supports

1,4050 - 1,3920

USD/CAD - US Dollar Canadian Dollar

1,2285. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,2150 / 1,2310 range.

Resistances

1,2310 - 1,2390

Supports

1,2250 - 1,2150

USD/CHF - Dollar Swiss Franc

1,1395. USD CHF 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 CHF. The consolidation should continue. The price should continue to move in 1,1330 / 1,1430 range. If the support is broken then the target will be 1,1130 (265 pips).

Resistances

1,1430 - 1,1515

Supports

1,1335 - 1,1280

USD/JPY - Dollar Yen

89,12. There is an horizontal range between 88,80 and 89,80. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 88,80 (32 pips). If the support is broken then the target will be 88,50 (62 pips).

Resistances

89,30 - 89,80

Supports

88,80 - 88,50