Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3656. 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 1,3500 (156 pips). The uptrend should continue to gather momentum.

Resistances

1,3740 - 1,3820

Supports

1,3525 - 1,3415

GBP/USD - British Pound Dollar

1,4537. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP 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. The price should find a resistance below 1,4590 (53 pips). The consolidation should continue. If the resistance breaks then the target will be 1,4950 (413 pips).

Resistances

1,4590 - 1,4675

Supports

1,4390 - 1,4200

USD/CHF - Dollar Swiss Franc

1,1225. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,0300 - 1,1380

Supports

1,1160 - 1,1110

USD/CAD - US Dollar Canadian Dollar

1,2348. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2430 (82 pips). The downtrend should continue to gather momentum.

Resistances

1,2430 - 1,2505

Supports

1,2315 - 1,2200

USD/JPY - Dollar Yen

96,24. 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 decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue.

Resistances

96,50 - 97,70

Supports

95,45 - 94,85