Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3382. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,3300 / 1,3500 range.

Resistances

1,3415 - 1,3490

Supports

1,3320 - 1,3165

GBP/USD - British Pound Dollar

1,4685. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The price should continue to move in 1,4650 / 1,4750 range. If the support breaks then the target will be 1,4450 (235 pips).

Resistances

1,4750 - 1,4960

Supports

1,4650 - 1,4450

USD/CHF - Dollar Swiss Franc

1,1369. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,1240 / 1,1450 range.

Resistances

1,1400 - 1,1490

Supports

1,1310 - 1,1240

USD/CAD - US Dollar Canadian Dollar

1,2427. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2500 (73 pips). The consolidation should continue.

Resistances

1,2470 - 1,2500

Supports

1,2350 - 1,2220

USD/JPY - Dollar Yen

100,62. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 100,30 / 101,45 range.

Resistances

100,85 - 101,45

Supports

100,30 - 99,20