Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3111. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,3030 support (81 pips).

Resistances

1,3180 - 1,3300

Supports

1,3095 - 1,3030

GBP/USD - British Pound Dollar

1,4614. GBP USD is in a range between 1,4400 and 1,4755. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Oscillators are neutral. The price should continue to move in 1,4515 / 1,4755 range.

Resistances

1,4650 - 1,4755

Supports

1,4515 - 1,4400

USD/CHF - Dollar Swiss Franc

1,1485. USD CHF is in a consolidation after the last bearish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The consolidation should continue. The price should find a resistance below 1,1525 (40 pips).

Resistances

1,1500 - 1,1525

Supports

1,1420 - 1,1360

USD/CAD - US Dollar Canadian Dollar

1,2127. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,2070 / 1,2190 range.

Resistances

1,2190 - 1,2225

Supports

1,2070 - 1,2000

USD/JPY - Dollar Yen

96,72. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 97,25 (53 pips).

Resistances

96,90 - 97,25

Supports

96,50 - 96,00