Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2765. EUR USD is in a range between 1,2760 and 1,2915. The volatility is low. ForexTrend 1H, 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 support above 1,2700 (65 pips). If the support breaks then the target will be 1,2400 (365 pips).

Resistances

1,2815 - 1,2915

Supports

1,2760 - 1,2700

GBP/USD - British Pound Dollar

1,4625. 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 flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,4800 resistance (175 pips). The price should find a support above 1,4500 (125 pips).

Resistances

1,4700 - 1,4800

Supports

1,4500 - 1,4350

USD/CAD - US Dollar Canadian Dollar

1,2359. USD CAD is in a range between 1,2240 and 1,2375. USD CAD 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

1,2375 - 1,2520

Supports

1,2300 - 1,2240

USD/CHF - Dollar Swiss Franc

1,1719. USD CHF broke 1,1700 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue to gather momentum.

Resistances

1,1740 - 1,1800

Supports

1,1665 - 1,1565

USD/JPY - Dollar Yen

90,96. USD JPY broke 90,00 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue.

Resistances

91,40 - 92,25

Supports

90,80 - 90,00