Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3271. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,3200 / 1,3440 range.

Resistances

1,3340 - 1,3440

Supports

1,3200 - 1,3090

GBP/USD - British Pound Dollar

1,5014. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,4980 / 1,5130 range.

Resistances

1,5065 - 1,5130

Supports

1,4980 - 1,4830

USD/CHF - Dollar Swiss Franc

1,1369. USD CHF is in a range between 1,1250 and 1,1435. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should continue to move in 1,1250 / 1,1435 range.

Resistances

1,1390 - 1,1435

Supports

1,1315 - 1,1250

USD/CAD - US Dollar Canadian Dollar

1,1798. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,1740 / 1,1850 range.

Resistances

1,1810 - 1,1850

Supports

1,1740 - 1,1685

USD/JPY - Dollar Yen

98,05. USD JPY broke 98,60 support. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 97,70 support (35 pips).

Resistances

98,60 - 99,55

Supports

97,70 - 97,10