Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2988. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,2950 (38 pips). The uptrend should continue to gather momentum.

Resistances

1,3075 - 1,3180

Supports

1,2950 - 1,2875

GBP/USD - British Pound Dollar

1,4085. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The uptrend should continue on 1,4300 resistance (215 pips).

Resistances

1,4230 - 1,4300

Supports

1,4050 - 1,3900

USD/CHF - Dollar Swiss Franc

1,1867. USD CHF 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. The price should find a support above 1,1800 (67 pips). The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,1875 - 1,1970

Supports

1,1800 - 1,1660

USD/CAD - US Dollar Canadian Dollar

1,2702. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,2600 / 1,2770 range.

Resistances

1,2770 - 1,2960

Supports

1,2630 - 1,2520

USD/JPY - Dollar Yen

98,78. USD JPY broke 98,60 resistance. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 97,00 / 99,00 range.

Resistances

99,15 - 99,70

Supports

97,80 - 97,00