Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3021. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,2890 / 1,3050 range.

Resistances

1,3035 - 1,3130

Supports

1,2980 - 1,2890

GBP/USD - British Pound Dollar

1,4546. GBP USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,4600 - 1,4710

Supports

1,4440 - 1,4360

USD/CHF - Dollar Swiss Franc

1,1626. USD CHF broke 1,1650 support. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,1600 / 1,1720 range. If the support breaks then the target will be 1,1500 (126 pips).

Resistances

1,1655 - 1,1745

Supports

1,1600 - 1,1520

USD/CAD - US Dollar Canadian Dollar

1,2377. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,2510 (133 pips). The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,2420 - 1,2510

Supports

1,2320 - 1,2180

USD/JPY - Dollar Yen

97,97. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The price is just above 97,65 support. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 97,60 (37 pips). The consolidation should continue. If the support breaks then the target will be 94,50 (347 pips).

Resistances

98,25 - 98,85

Supports

97,60 - 97,15