Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3558. EUR USD broke 1,3500 resistance. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3585 (27 pips). If the resistance breaks then the target will be 1,3750 (192 pips).

Resistances

1,3585 - 1,3750

Supports

1,3500 - 1,3380

GBP/USD - British Pound Dollar

1,4934. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. 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 1,5300 resistance (366 pips).

Resistances

1,4770 - 1,4900

Supports

1,4640 - 1,4425

USD/CHF - Dollar Swiss Franc

1,1264. USD CHF broke 1,1310 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1310 (46 pips). The downtrend should continue to gather momentum.

Resistances

1,1310 - 1,1380

Supports

1,1225 - 1,1150

USD/CAD - US Dollar Canadian Dollar

1,2243. USD CAD is in an downtrend directed by 1H exponential moving averages. 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 CAD. The price should find a resistance below 1,2300 (57 pips). The downtrend should continue to gather momentum.

Resistances

1,2300 - 1,2340

Supports

1,2200 - 1,2100

USD/JPY - Dollar Yen

100,77. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a support above 100,00 (77 pips). The uptrend should continue to gather momentum.

Resistances

101,00 - 102,00

Supports

100,00 - 99,30