Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,2765. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,2800 (35 pips). The downtrend should continue to gather momentum.

Resistances

1,2800 - 1,2860

Supports

1,2710 - 1,2600

GBP/USD - British Pound Dollar

1,4122. GBP USD broke the uptrend to begin a bearish movement. The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,4050 (72 pips). The price should consolidate. If the support is broken then the target will be 1,3600 (522 pips).

Resistances

1,4195 - 1,4345

Supports

1,4050 - 1,3930

USD/CAD - US Dollar Canadian Dollar

1,2426. USD CAD broke 1,2410 resistance. The volatility is high. Bollinger bands are parallel and form the trend. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,2500 resistance (74 pips).

Resistances

1,2445 - 1,2500

Supports

1,2350 - 1,2260

USD/CHF - Dollar Swiss Franc

1,1636. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1700 (64 pips). The consolidation should continue.

Resistances

1,1680 - 1,1730

Supports

1,1590 - 1,1530

USD/JPY - Dollar Yen

89,40. 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 high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

89,50 - 90,00

Supports

88,90 - 88,50