Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2618. 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 flat. 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 resistance below 1,2650 (32 pips). The downtrend should continue to gather momentum.

Resistances

1,2650 - 1,2725

Supports

1,2550 - 1,2600

GBP/USD - British Pound Dollar

1,4277. GBP USD is in a range between 1,4130 and 1,4320. GBP USD 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

1,4320 - 1,4560

Supports

1,4130 - 1,4020

USD/CAD - US Dollar Canadian Dollar

1,2604. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,2700 (96 pips). The consolidation should continue.

Resistances

1,2670 - 1,2700

Supports

1,2580 - 1,2515

USD/CHF - Dollar Swiss Franc

1,1664. There is an horizontal range between 1,1635 and 1,1750. Support and resistance are given by Bollinger bands. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. The price should find a support above 1,1620 (44 pips).

Resistances

1,1715 - 1,1780

Supports

1,1660 - 1,1620

USD/JPY - Dollar Yen

92,36. USD JPY 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. The consolidation should continue. The price should continue to move in 91,50 / 92,75 range.

Resistances

92,75 - 94,00

Supports

92,00 - 91,50