Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2731. EUR USD is in a range between 1,2685 and 1,2880. 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 Bollinger bands.

Resistances

1,2880 - 1,2990

Supports

1,2685 - 1,2520

GBP/USD - British Pound Dollar

1,4280. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,4165 and 1,4375. 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 Bollinger bands. If the support breaks then the target will be 1,4100 (180 pips).

Resistances

1,4375 - 1,4645

Supports

1,4165 - 1,4090

USD/CHF - Dollar Swiss Franc

1,1657. 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 1,1550 / 1,1740 range.

Resistances

1,1680 - 1,1740

Supports

1,1630 - 1,1550

USD/CAD - US Dollar Canadian Dollar

1,2544. USD CAD is in a range between 1,2400 and 1,2610. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,2560 - 1,2610

Supports

1,2475 - 1,2360

USD/JPY - Dollar Yen

97,81. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The consolidation should continue. The price should continue to move in 97,00 / 99,00 range.

Resistances

98,20 - 98,70

Supports

97,30 - 96,40