Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2589. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,2450 and 1,2665. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support above 1,2500 (89 pips).

Resistances

1,2665 - 1,2800

Supports

1,2550 - 1,2450

GBP/USD - British Pound Dollar

1,4133. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,3990 / 1,4200 range.

Resistances

1,4200 - 1,4290

Supports

1,4100 - 1,3990

USD/CHF - Dollar Swiss Franc

1,1742. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should continue to move in 1,1675 / 1,1830 range.

Resistances

1,1780 - 1,1830

Supports

1,1675 - 1,1600

USD/CAD - US Dollar Canadian Dollar

1,2780. USD CAD broke 1,2850 support. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,2720 (60 pips). The consolidation should continue.

Resistances

1,2825 - 1,2965

Supports

1,2725 - 1,2650

USD/JPY - Dollar Yen

99,46. 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 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 to gather momentum. The price should find a resistance below 100,00 (54 pips).

Resistances

99,55 - 100,00

Supports

98,90 - 98,50