Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,2822. EUR USD 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. The consolidation should continue. The price should continue to move in 1,2780 / 1,3000 range.

Resistances

1,2870 - 1,3000

Supports

1,2780 - 1,2520

GBP/USD - British Pound Dollar

1,4597. GBP USD broke 1,4480 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,4480 (117 pips). The uptrend should continue on 1,4700 resistance (103 pips).

Resistances

1,4660 - 1,4700

Supports

1,4480 - 1,4360

USD/CHF - Dollar Swiss Franc

1,1634. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1665 (31 pips). The consolidation should continue.

Resistances

1,1665 - 1,1715

Supports

1,1565 - 1,1480

USD/CAD - US Dollar Canadian Dollar

1,2508. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,2375 / 1,2550 range.

Resistances

1,2555 - 1,2670

Supports

1,2465 - 1,2375

USD/JPY - Dollar Yen

94,62. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY made a false break and continues the actual trend.. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 95,50 (88 pips). If the resistance breaks then the target will be 100,00 (538 pips).

Resistances

95,00 - 95,50

Supports

94,40 - 92,70