Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3133. EUR USD broke 1,3050 resistance. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3200 resistance (67 pips). If the resistance breaks then the target will be 1,3300 (167 pips).

Resistances

1,3150 - 1,3200

Supports

1,3050 - 1,2930

GBP/USD - British Pound Dollar

1,3978. GBP USD is in a consolidation after the last bearish movement. 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 find a resistance below 1,4000 (22 pips). The consolidation should continue.

Resistances

1,4000 - 1,4060

Supports

1,3865 - 1,3700

USD/CHF - Dollar Swiss Franc

1,1663. USD CHF broke 1,1780 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 (163 pips).

Resistances

1,1780 - 1,1930

Supports

1,1660 - 1,1500

USD/CAD - US Dollar Canadian Dollar

1,2659. USD CAD is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,2620 (39 pips). If the support breaks then the target will be 1,2550 (109 pips).

Resistances

1,2730 - 1,2770

Supports

1,2620 - 1,2550

USD/JPY - Dollar Yen

98,19. USD JPY is in a range between 97,80 and 99,00. 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 97,80 / 99,00 range.

Resistances

99,00 - 99,70

Supports

97,80 - 97,15