Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2600. EUR USD is in a range between 1,2550 and 1,2665. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2450 / 1,2665 range.

Resistances

1,2665 - 1,2800

Supports

1,2540 - 1,2450

GBP/USD - British Pound Dollar

1,4189. GBP USD is in a range between 1,3990 and 1,4200. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,4200 - 1,4365

Supports

1,4280 - 1,3990

USD/CHF - Dollar Swiss Franc

1,1595. USD CHF broke 1,1675 support. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,1500 support (95 pips).

Resistances

1,1675 - 1,1730

Supports

1,1560 - 1,1500

USD/CAD - US Dollar Canadian Dollar

1,2828. USD CAD is in a range between 1,2725 and 1,2970. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,2725 / 1,2980 range.

Resistances

1,2915 - 1,2970

Supports

1,2790 - 1,2725

USD/JPY - Dollar Yen

97,84. USD JPY broke 98,95 support. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 97,50 support (34 pips). If the support breaks then the target will be 96,00 (184 pips).

Resistances

98,95 - 99,70

Supports

97,85 - 97,00