Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3320. EUR USD is in a range between 1,3200 and 1,3340. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,3340 - 1,3395

Supports

1,3275 -  1,3200

GBP/USD - British Pound Dollar

1,4951. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4980 (29 pips). The consolidation should continue. If the resistance breaks then the target will be 1,5060 (109 pips).

Resistances

1,4980 - 1,5060

Supports

1,4830 - 1,4700

USD/CHF - Dollar Swiss Franc

1,1343. USD CHF is in a range between 1,1290 and 1,1435. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in 1,1290 / 1,1435 range.

Resistances

1,1370 - 1,1435

Supports

1,1290 - 1,1240

USD/CAD - US Dollar Canadian Dollar

1,1814. USD CAD is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (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 resistance below 1,1850 (36 pips). The downtrend should continue to gather momentum.

Resistances

1,1880 - 1,1980

Supports

1,1800 - 1,1750

USD/JPY - Dollar Yen

99,47. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 99,60 (13 pips). If the resistance breaks then the target will be 100,00 (53 pips).

Resistances

99,60 - 100,00

Supports

99,10 - 98,50