Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3454. 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 high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3900 resistance (446 pips).

Resistances

1,3540 - 1,3680

Supports

1,3325 - 1,3080

GBP/USD - British Pound Dollar

1,4197. GBP USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,4315 (118 pips). The consolidation should continue. If the resistance breaks then the target will be 1,4650 (453 pips).

Resistances

1,4315 - 1,4650

Supports

1,4140 - 1,3840

USD/CHF - Dollar Swiss Franc

1,1453. 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,1550 (97 pips). The downtrend should continue to gather momentum.

Resistances

1,1550 - 1,1665

Supports

1,1380 - 1,1250

USD/CAD - US Dollar Canadian Dollar

1,2478. USD CAD broke 1,2615 support. USD CAD 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 support above 1,2400 (78 pips). The consolidation should continue. If the support breaks then the target will be 1,1900 (578 pips).

Resistances

1,2550 - 1,2615

Supports

1,2400 - 1,2350

USD/JPY - Dollar Yen

95,45. USD JPY broke 96,65 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.

Resistances

96,65 - 97,70

Supports

95,25 - 94,00