Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3390. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue.

Resistances

1,3440 - 1,3500

Supports

1,3360 - 1,3200

GBP/USD - British Pound Dollar

1,5008. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,5100 resistance (92 pips).

Resistances

1,5050 - 1,5100

Supports

1,4950 - 1,4830

USD/CHF - Dollar Swiss Franc

1,1272. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should continue to move in 1,1250 / 1,1310 range.

Resistances

1,1310 - 1,1435

Supports

1,1250 - 1,1200

USD/CAD - US Dollar Canadian Dollar

1,1743. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1770 (27 pips). The downtrend should continue to gather momentum.

Resistances

1,1800 - 1,1985

Supports

1,1720 - 1,1665

USD/JPY - Dollar Yen

98,74. USD JPY is in a consolidation after the last bullish movement. The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to move in 98,50 / 99,60 range.

Resistances

99,10 - 99,60

Supports

98,50 - 98,20