Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3654. 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 rises. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3760 (106 pips). The consolidation should continue.

Resistances

1,3740 - 1,3800

Supports

1,3600 - 1,3420

GBP/USD - British Pound Dollar

1,4441. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to move in 1,4420 / 1,4600 range. If the support breaks then the target will be 1,4330 (111 pips).

Resistances

1,4590 - 1,4700

Supports

1,4420 - 1,4340

USD/CHF - Dollar Swiss Franc

1,1237. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,1280 - 1,1380

Supports

1,1160 - 1,1100

USD/CAD - US Dollar Canadian Dollar

1,2407. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,2270 / 1,2470 range.

Resistances

1,2470 - 1,2500

Supports

1,2370 - 1,2200

USD/JPY - Dollar Yen

94,64. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 94,90 (26 pips). The downtrend should continue to gather momentum.

Resistances

94,90 - 95,20

Supports

93,60 - 93,20