Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3251. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3330 (79 pips). The consolidation should continue.

Resistances

1,3290 - 1,3330

Supports

1,3220 - 1,3120

GBP/USD - British Pound Dollar

1,4255. GBP USD broke the downtrend to begin a bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,4120 (135 pips). The uptrend should continue on 1,4410 resistance (155 pips).

Resistances

1,4285 - 1,4410

Supports

1,4120 - 1,4025

USD/CAD - US Dollar Canadian Dollar

1,2256. USD CAD is in a consolidation after the last bearish movement. USD CAD is in a range between 1,2155 and 1,2310. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,2310 - 1,2390

Supports

1,2225 - 1,2155

USD/CHF - Dollar Swiss Franc

1,1389. USD CHF is in a consolidation after the last bearish movement. There is an horizontal range between 1,1365 and 1,1420. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,1300 (89 pips). If the support is broken then the target will be 1,1130 (259 pips).

Resistances

1,1430 - 1,1515

Supports

1,1335 - 1,1280

USD/JPY - Dollar Yen

89,15. USD JPY is in a range between 88,60 and 89,80. USD JPY 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 Bollinger bands.

Resistances

89,50 - 89,80

Supports

89,00 - 88,60