Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3593. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,3540 / 1,3670 range.

Resistances

1,3620 - 1,3670

Supports

1,3540 - 1,3440

GBP/USD - British Pound Dollar

1,5105. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5000 / 1,5250 range.

Resistances

1,5170 - 1,5250

Supports

1,5050 - 1,4950

USD/CHF - Dollar Swiss Franc

1,1090. USD CHF broke 1,1240 support. USD CHF is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.

Resistances

1,1120 - 1,1150

Supports

1,1020 - 1,0950

USD/CAD - US Dollar Canadian Dollar

1,1652. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,1470 / 1,1680 range. If the resistance breaks then the target will be 1,1800 (148 pips).

Resistances

1,1680 - 1,1800

Supports

1,1600 - 1,1480

USD/JPY - Dollar Yen

97,29. USD JPY broke 98,00 support. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 96,50 support (79 pips).

Resistances

98,00 - 98,80

Supports

97,10 - 96,50