Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,2931. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,3000 (69 pips). The downtrend should continue to gather momentum.

Resistances

1,2945 - 1,3000

Supports

1,2890 - 1,2850

GBP/USD - British Pound Dollar

1,4626. GBP USD is in a consolidation after the last bearish movement. The volatility is high. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4470 / 1,4715 range.

Resistances

1,4715 - 1,4825

Supports

1,4615 - 1,4470

USD/CHF - Dollar Swiss Franc

1,1683. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. USD CHF is in a range between 1,1640 and 1,1745. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,1700 - 1,1745

Supports

1,1645 - 1,1545

USD/CAD - US Dollar Canadian Dollar

1,2392. USD CAD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,2320 / 1,2435 range.

Resistances

1,2400 - 1,2435

Supports

1,2320 - 1,2180

USD/JPY - Dollar Yen

98,25. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

98,40 - 98,85

Supports

97,65 - 97,15