Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,2979. EUR USD is in an downtrend directed 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 bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,3000 (21 pips). The downtrend should continue to gather momentum.

Resistances

1,3000 - 1,3050

Supports

1,2950 - 1,2910

GBP/USD - British Pound Dollar

1,4561. GBP USD 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 GBP USD. The downtrend should continue on 1,4250 support (311 pips).

Resistances

1,4590 - 1,4650

Supports

1,4535 - 1,4400

USD/CHF - Dollar Swiss Franc

1,1695. 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 is low. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,1680 (15 pips). The consolidation should continue.

Resistances

1,1720 - 1,1740

Supports

1,1640 - 1,1600

USD/CAD - US Dollar Canadian Dollar

1,2317. USD CAD broke 1,2180 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,2350 (33 pips). The price should consolidate.

Resistances

1,2345 - 1,2485

Supports

1,2265 - 1,2180

USD/JPY - Dollar Yen

98,44. USD JPY is in a range between 98,20 and 99,65. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 98,15 / 99,65 range.

Resistances

98,65 - 99,65

Supports

98,15 - 97,15