Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3674. EUR USD is in an uptrend supported 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 bullish configuration. The price should find a support above 1,3615 (59 pips). The uptrend should continue on 1,3800 resistance (126 pips).

Resistances

1,3715 - 1,3800

Supports

1,3610 - 1,3560

GBP/USD - British Pound Dollar

1,5299. GBP USD is in an uptrend supported 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 bullish configuration. The price should find a support above 1,5225 (74 pips). The uptrend should continue on 1,5400 resistance (101 pips).

Resistances

1,5340 - 1,5400

Supports

1,5225 - 1,5070

USD/CHF - Dollar Swiss Franc

1,1027. 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 low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.

Resistances

1,1050 - 1,1110

Supports

1,0980 - 1,0950

USD/CAD - US Dollar Canadian Dollar

1,1584. 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 is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,1485 / 1,1680 range.

Resistances

1,1610 - 1,1680

Supports

1,1570 - 1,1485

USD/JPY - Dollar Yen

96,44. USD JPY is in an downtrend directed by 1H exponential moving averages. 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 95,80 (64 pips). The consolidation should continue. If the support breaks then the target will be 92,00 (444 pips).

Resistances

96,70 - 97,95

Supports

95,80 - 94,85