Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3239. EUR USD broke 1,3220 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3270 (31 pips). The price should consolidate.

Resistances

1,3270 - 1,3395

Supports

1,3160 - 1,3090

GBP/USD - British Pound Dollar

1,4591. GBP USD is in a range between 1,4440 and 1,4740. 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 1,4440 / 1,4740 range.

Resistances

1,4740 - 1,4840

Supports

1,4580 - 1,4440

USD/CHF - Dollar Swiss Franc

1,1414. USD CHF broke 1,1500 support. 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 USD CHF. The price should find a support above 1,1390 (24 pips). The price should consolidate.

Resistances

1,1450 - 1,1500

Supports

1,1390 - 1,1305

USD/CAD - US Dollar Canadian Dollar

1,2176. USD CAD broke 1,2220 support. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,2290 (114 pips). The downtrend should continue on 1,2000 support (176 pips).

Resistances

1,2270 - 1,2330

Supports

1,2150 - 1,2080

USD/JPY - Dollar Yen

96,98. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 96,60 (38 pips). The consolidation should continue. If the support breaks then the target will be 94,20 (278 pips).

Resistances

97,50 - 98,00

Supports

96,60 - 96,00