Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2596. EUR USD broke 1,2610 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,2700 (104 pips). The downtrend should continue to gather momentum.

Resistances

1,2605 - 1,2700

Supports

1,2520 - 1,2350

GBP/USD - British Pound Dollar

1,4243. GBP USD is in a range between 1,4150 and 1,4375. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,4265 - 1,4375

Supports

1,4145 - 1,4000

USD/CHF - Dollar Swiss Franc

1,1734. 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). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,1650 / 1,1770 range.

Resistances

1,1760 - 1,1820

Supports

1,1700 - 1,1650

USD/CAD - US Dollar Canadian Dollar

1,2763. USD CAD broke 1,2640 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,2700 (63 pips). The uptrend should continue to gather momentum.

Resistances

1,2810 - 1,2870

Supports

1,2700 - 1,2650

USD/JPY - Dollar Yen

97,41. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 99,00 (159 pips). The consolidation should continue.

Resistances

98,00 - 98,70

Supports

97,00 - 96,50