Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2651. EUR USD broke 1,2700 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. 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

1,2700 - 1,2820

Supports

1,2630 - 1,2500

GBP/USD - British Pound Dollar

1,4210. GBP USD is in a range between 1,4160 and 1,4570. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,4160 (50 pips). If the support breaks then the target will be 1,3850 (360 pips).

Resistances

1,4255 - 1,4320

Supports

1,4160 - 1,4080

USD/CAD - US Dollar Canadian Dollar

1,2500. USD CAD is in a range between 1,2280 and 1,2550. 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 bullish configuration. The price should continue to move in 1,2380 / 1,2550 range.

Resistances

1,2500 - 1,2550

Supports

1,2380 - 1,2280

USD/CHF - Dollar Swiss Franc

1,1743. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1785 (42 pips). If the resistance breaks then the target will be 1,1900 (157 pips).

Resistances

1,1750 - 1,1785

Supports

1,1670 - 1,1600

USD/JPY - Dollar Yen

92,49. USD JPY broke 92,00 resistance. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a support above 91,60 (89 pips). The uptrend should continue on 94,00 resistance (151 pips).

Resistances

92,75 - 94,00

Supports

92,00 - 91,50