Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3004. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,3050 (46 pips). The downtrend should continue on 1,2900 support (104 pips).

Resistances

1,3050 - 1,3090

Supports

1,2980 - 1,2900

GBP/USD - British Pound Dollar

1,4580. GBP USD is in a range between 1,4515 and 1,4750. 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 Bollinger bands.

Resistances

1,4700 - 1,4755

Supports

1,4515 - 1,4400

USD/CHF - Dollar Swiss Franc

1,1563. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The consolidation should continue. The price should find a resistance below 1,1600 (37 pips). If the resistance breaks then the target will be 1,1730 (167 pips).

Resistances

1,1600 - 1,1730

Supports

1,1500 - 1,1350

USD/CAD - US Dollar Canadian Dollar

1,2208. USD CAD is in a consolidation after the last bearish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,2225 - 1,2300

Supports

1,2160 - 1,2070

USD/JPY - Dollar Yen

96,10. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.

Resistances

96,50 - 96,90

Supports

95,95 - 95,00