Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2853. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,2700 / 1,3070 range.

Resistances

1,3000 - 1,3070

Supports

1,2810 - 1,2700

GBP/USD - British Pound Dollar

1,4835. 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 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5000 (165 pips). The consolidation should continue.

Resistances

1,4875 - 1,5000

Supports

1,4770 - 1,4590

USD/CAD - US Dollar Canadian Dollar

1,2225. USD CAD is in a range between 1,2150 and 1,2300. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,2300 - 1,2410

Supports

1,2150 - 1,2040

USD/CHF - Dollar Swiss Franc

1,1745. USD CHF is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1800 (55 pips). If the resistance breaks then the target will be 1,2250 (505 pips).

Resistances

1,1785 - 1,1970

Supports

1,1530 - 1,1400

USD/JPY - Dollar Yen

91,33. USD JPY is in a range between 90,80 and 92,25. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

91,75 - 92,25

Supports

91,10 - 90,80