Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2715. EUR USD is in a range between 1,2665 and 1,2885. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2665 / 1,2880 range. If the support breaks then the target will be 1,2600 (115 pips).

Resistances

1,,2770 - 1,2880

Supports

1,2660 - 1,2520

GBP/USD - British Pound Dollar

1,4232. GBP USD broke 1,4375 support. GBP USD is in a consolidation after the last bearish movement. The price is just above 1,4180 support. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4180 / 1,4330 range. If the support breaks then the target will be 1,3900 (332 pips).

Resistances

1,4330 - 1,4375

Supports

1,4180 - 1,4050

USD/CHF - Dollar Swiss Franc

1,1704. USD CHF is in a range between 1,1550 and 1,1740. USD CHF 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

1,1740 - 1,1890

Supports

1,1550 - 1,1460

USD/CAD - US Dollar Canadian Dollar

1,2566. USD CAD broke 1,2510 resistance. USD CAD is in a consolidation after the last bullish movement. USD CAD 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 bullish configuration. The price should continue to move in 1,2510 / 1,2650 range.

Resistances

1,2600 - 1,2650

Supports

1,2510 - 1,2360

USD/JPY - Dollar Yen

97,69. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. 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 price should find a support above 97,00 (69 pips). The uptrend should continue on 99,00 resistance (131 pips).

Resistances

98,00 - 99,00

Supports

97,30 - 96,35