Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2848. 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 is low. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2915 (67 pips). The consolidation should continue.

Resistances

1,2910 - 1,3030

Supports

1,2805 - 1,2710

GBP/USD - British Pound Dollar

1,4201. GBP USD is in a range between 1,4075 and 1,4350. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,4070 / 1,4350 range. If the support is broken then the target will be 1,3500 (701 pips).

Resistances

1,4350 - 1,4500

Supports

1,4190 - 1,4075

USD/CAD - US Dollar Canadian Dollar

1,2446. USD CAD 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 USD CAD. The price should find a support above 1,2400 (46 pips). The uptrend should continue on 1,2520 resistance (74 pips).

Resistances

1,2470 - 1,2520

Supports

1,2400 - 1,2320

USD/CHF - Dollar Swiss Franc

1,1623. 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 is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1700 (77 pips). The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,1635 - 1,1685

Supports

1,1580 - 1,1520

USD/JPY - Dollar Yen

89,51. USD JPY is in a range between 88,90 and 90,00. 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

90,00 - 90,75

Supports

89,30 - 88,90