Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3668. 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 low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,3600 (68 pips). The uptrend should continue to gather momentum.

Resistances

1,3740 - 1,3865

Supports

1,3600 - 1,3500

GBP/USD - British Pound Dollar

1,4708. GBP 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 GBP USD. The uptrend should continue on 1,5000 resistance (292 pips).

Resistances

1,4750 - 1,5000

Supports

1,4580 - 1,4400

USD/CHF - Dollar Swiss Franc

1,1217. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1340 (123 pips). The downtrend should continue to gather momentum.

Resistances

1,1265 - 1,1340

Supports

1,1160 - 1,1080

USD/CAD - US Dollar Canadian Dollar

1,2220. 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 high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 1,1950 support (270 pips).

Resistances

1,2305 - 1,2435

Supports

1,2200 - 1,2000

USD/JPY - Dollar Yen

98,24. USD JPY broke 96,60 resistance. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 99,00 resistance (76 pips).

Resistances

98,40 - 99,00

Supports

96,60 - 95,90