Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2741. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2520 / 1,2900 range.

Resistances

1,2780 - 1,2890

Supports

1,2665 - 1,2520

GBP/USD - British Pound Dollar

1,4554. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,4660 (106 pips). The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,4660 - 1,4700

Supports

1,4450 - 1,4360

USD/CHF - Dollar Swiss Franc

1,1682. 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 decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,1450 / 1,1750 range.

Resistances

1,1715 - 1,1750

Supports

1,1600 - 1,1460

USD/CAD - US Dollar Canadian Dollar

1,2478. USD CAD broke 1,2540 support. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should find a resistance below 1,2540 (62 pips). The downtrend should continue on 1,2330 support (148 pips).

Resistances

1,2540 - 1,2665

Supports

1,2370 - 1,2330

USD/JPY - Dollar Yen

95,23. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 99,00 resistance (377 pips).

Resistances

95,40 - 96,20

Supports

94,30 - 93,30