Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2908. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,2950 (42 pips). The consolidation should continue. If the resistance breaks then the target will be 1,3350 (442 pips).

Resistances

1,2950 - 1,3010

Supports

1,2865 - 1,2730

GBP/USD - British Pound Dollar

1,4030. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,4050 (20 pips). The uptrend seems to be finished.

Resistances

1,4070 - 1,4290

Supports

1,3885 - 1,3665

USD/CHF - Dollar Swiss Franc

1,1885. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,1835 / 1,1970 range.

Resistances

1,1970 - 1,2100

Supports

1,1840 - 1,1690

USD/CAD - US Dollar Canadian Dollar

1,2747. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,2820 - 1,2960

Supports

1,2630 - 1,2550

USD/JPY - Dollar Yen

98,23. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 95,60 / 99,20 range.

Resistances

98,50 - 99,20

Supports

97,15 - 95,65