Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3179. EUR USD is in an downtrend directed by 15min exponential moving averages. The volatility decreases. 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 EUR USD. The downtrend should continue on 1,3000 support (179 pips).

Resistances

1,3225 - 1,3325

Supports

1,3175 - 1,3100

GBP/USD - British Pound Dollar

1,4682. There is an horizontal range between 1,4640 and 1,4780. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,4720 - 1,4780

Supports

1,4650 - 1,4590

USD/CHF - Dollar Swiss Franc

1,1486. 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 is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,1500 (14 pips). If the resistance breaks then the target will be 1,1560 (74 pips).

Resistances

1,1500 - 1,1560

Supports

1,1400 - 1,1315

USD/CAD - US Dollar Canadian Dollar

1,2434. USD CAD is in a range between 1,2340 and 1,2490. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,2490 (56 pips). The price should continue to move in Bollinger bands.

Resistances

1,2485 - 1,2700

Supports

1,2340 - 1,2220

USD/JPY - Dollar Yen

100,10. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 99,95 (15 pips). The uptrend should continue to gather momentum.

Resistances

100,80 - 101,50

Supports

99,95 - 99,00