Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3231. EUR USD 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 EUR USD. The downtrend should continue to gather momentum.

Resistances

1,3345 - 1,3430

Supports

1,3150 - 1,3050

GBP/USD - British Pound Dollar

1,4231. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.

Resistances

1,4300 - 1,4360

Supports

1,4220 - 1,4160

USD/CHF - Dollar Swiss Franc

1,1457. USD CHF broke 1,1230 resistance. USD CHF 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 USD CHF. The price should find a resistance below 1,1540 (83 pips).

Resistances

1,1500 - 1,1540

Supports

1,1330 - 1,1170

USD/CAD - US Dollar Canadian Dollar

1,2474. USD CAD broke 1,2355 resistance. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,2600 resistance (126 pips).

Resistances

1,2510 - 1,2600

Supports

1,2355 - 1,2200

USD/JPY - Dollar Yen

97,24. USD JPY is in a range between 96,95 and 98,95. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 97,00 / 99,00 range.

Resistances

98,30 - 99,00

Supports

97,00 - 96,25