Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2657. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2750 (93 pips). The price should continue to move in Bollinger bands.

Resistances

1,2750 - 1,2860

Supports

1,2620 - 1,2450

GBP/USD - British Pound Dollar

1,4090. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,4000 / 1,4400 range.

Resistances

1,4200 - 1,4300

Supports

1,4065 - 1,3990

USD/CHF - Dollar Swiss Franc

1,1621. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,1500 / 1,1660 range. If the resistance breaks then the target will be 1,1800 (179 pips).

Resistances

1,1660 - 1,1830

Supports

1,1500 - 1,1440

USD/CAD - US Dollar Canadian Dollar

1,2869. USD CAD is in a range between 1,2790 and 1,915. USD CAD 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 bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should continue to move in Bollinger bands.

Resistances

1,2915 - 1,2970

Supports

1,2790 - 1,2710

USD/JPY - Dollar Yen

98,22. USD JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 97,00 / 99,70 range.

Resistances

98,55 - 99,70

Supports

97,70 - 96,55