Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2501. EUR USD broke 1,2550 support. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum.

Resistances

1,2550 - 1,2680

Supports

1,2460 - 1,2350

GBP/USD - British Pound Dollar

1,4023. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,3960 / 1,4100 range. If the support breaks then the target will be 1,3800 (223 pips).

Resistances

1,4100 - 1,4150

Supports

1,3960 - 1,3800

USD/CHF - Dollar Swiss Franc

1,1801. USD CHF broke 1,1800 resistance. USD CHF 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,1750 (51 pips). The uptrend should continue to gather momentum.

Resistances

1,1830 - 1,1860

Supports

1,1775 - 1,1720

USD/CAD - US Dollar Canadian Dollar

1,2940. USD CAD 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, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,2900 (40 pips). The uptrend should continue to gather momentum.

Resistances

1,2970 - 1,3000

Supports

1,2900 - 1,2800

USD/JPY - Dollar Yen

98,53. USD JPY is in an uptrend supported by 4H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The price is just bellow 98,70 resistance. The volatility decreases. Bollinger bands are tightened. 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 98,00 (53 pips). The uptrend should continue to gather momentum.

Resistances

98,70 - 99,00

Supports

98,00 - 97,00