Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,2791. EUR USD broke 1,2730 resistance. The volatility rises. Bollinger bands are deviated. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,2825 (34 pips). The price should consolidate. If the resistance breaks then the target will be 1,2950 (159 pips).

Resistances

1,2825 - 1,2900

Supports

1,2730 - 1,2560

GBP/USD - British Pound Dollar

1,3862. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,3700 / 1,3910 range. If the support breaks then the target will be 1,3000 (862 pips).

Resistances

1,3910 - 1,4000

Supports

1,3740 - 1,3700

USD/CHF - Dollar Swiss Franc

1,1476. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1580 (104 pips). The downtrend should continue to gather momentum.

Resistances

1,1580 - 1,1680

Supports

1,1430 - 1,1330

USD/CAD - US Dollar Canadian Dollar

1,2830. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,2710 / 1,3060 range.

Resistances

1,2940 - 1,3060

Supports

1,2780 - 1,2710

USD/JPY - Dollar Yen

98,22. USD JPY is in a range between 96,50 and 99,70. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to move in 96,50 / 99,70 range.

Resistances

99,15 - 99,70

Supports

97,75 - 96,55