Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3407. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,3440 (33 pips). The consolidation should continue.

Resistances

1,3440 - 1,3500

Supports

1,3330 - 1,3200

GBP/USD - British Pound Dollar

1,5120. 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum.

Resistances

1,5130 - 1,5250

Supports

1,4980 - 1,4900

USD/CHF - Dollar Swiss Franc

1,1288. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,1250 (38 pips).

Resistances

1,1360 - 1,1435

Supports

1,1250 - 1,1200

USD/CAD - US Dollar Canadian Dollar

1,1696. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. 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 downtrend should continue to gather momentum.

Resistances

1,1770 - 1,1800

Supports

1,1685 - 1,1600

USD/JPY - Dollar Yen

98,88. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 98,50 and 99,60. 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

99,20 - 99,60

Supports

98,50 - 98,20