Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2727. EUR USD 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, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum.

Resistances

1,2770 - 1,2880

Supports

1,2710 - 1,2600

GBP/USD - British Pound Dollar

1,4379. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue.

Resistances

1,4500 - 1,4600

Supports

1,4345 - 1,4220

USD/CAD - US Dollar Canadian Dollar

1,2331. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,2350 - 1,2420

Supports

1,2300 - 1,2225

USD/CHF - Dollar Swiss Franc

1,1650. USD CHF is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,1730 resistance (80 pips).

Resistances

1,1670 - 1,1730

Supports

1,1590 - 1,1530

USD/JPY - Dollar Yen

89,63. USD JPY is in a range between 89,30 and 90,25. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

90,25 - 90,75

Supports

89,30 - 88,50