Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3292. EUR USD is in a range between 1,320 and 1,3435. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,3375 - 1,3440

Supports

1,3245 - 1,3200

GBP/USD - British Pound Dollar

1,5126. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,4980 and 1,5160. The volatility is high. 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 1,5160 (34 pips). The consolidation should continue. If the resistance breaks then the target will be 1,5300 (174 pips).

Resistances

1,5160 - 1,5200

Supports

1,5100 - 1,4980

USD/CHF - Dollar Swiss Franc

1,1353. USD CHF is in a range between 1,1250 and 1,1390. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1390 - 1,1435

Supports

1,1290 - 1,1250

USD/CAD - US Dollar Canadian Dollar

1,1656. 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 downtrend should continue to gather momentum.

Resistances

1,1690 - 1,1810

Supports

1,1600 - 1,1550

USD/JPY - Dollar Yen

98,53. USD JPY is in a range between 97,90 and 99,20. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

99,20 - 99,60

Supports

97,90 - 97,10