Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3234. EUR USD is in a consolidation after the last bullish movement. 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 uptrend should continue on 1,3290 resistance (56 pips).

Resistances

1,3290 - 1,3395

Supports

1,3170 - 1,3085

GBP/USD - British Pound Dollar

1,4703. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4615 / 1,4790 range.

Resistances

1,4790 - 1,4940

Supports

1,4615 - 1,4515

USD/CHF - Dollar Swiss Franc

1,1373. USD CHF is in a consolidation after the last bearish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. 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 1,1350 (23 pips). The consolidation should continue. If the support breaks then the target will be 1,1240 (133 pips).

Resistances

1,1450 - 1,1550

Supports

1,1350 - 1,1240

USD/CAD - US Dollar Canadian Dollar

1,2065. USD CAD broke 1,2075 support. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,2000 (65 pips). The consolidation should continue.

Resistances

1,2075 - 1,2160

Supports

1,2010 - 1,1980

USD/JPY - Dollar Yen

96,87. USD JPY is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

97,15 - 97,60

Supports

96,60 - 96,30