Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3016. EUR 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,3025 (9 pips). The downtrend should continue to gather momentum.

Resistances

1,3025 - 1,3050

Supports

1,2970 - 1,2910

GBP/USD - British Pound Dollar

1,4747. GBP USD is in a consolidation after the last bearish movement. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,4700 (47 pips). If the support breaks then the target will be 1,4600 (147 pips).

Resistances

1,480 - 1,4825

Supports

1,4705 - 1,4600

USD/CHF - Dollar Swiss Franc

1,1687. USD CHF is in an uptrend supported by 1H exponential moving averages. 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 ,1730 (9957 pips). The consolidation should continue.

Resistances

1,1720 - 1,1740

Supports

1,1640 - 1,1600

USD/CAD - US Dollar Canadian Dollar

1,2157. USD CAD 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 1,2080 / 1,2200 range.

Resistances

1,2180 - 1,2230

Supports

1,2080 - 1,2000

USD/JPY - Dollar Yen

98,90. USD JPY is in a range between 98,50 and 99,65. 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 98,50 / 99,65 range.

Resistances

99,20 - 99,65

Supports

98,50 - 98,15