Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3548. EUR USD is in a range between 1,3535 and 1,3715. The volatility decreases. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3535 (13 pips). If the support breaks then the target will be 1,3300 (248 pips).

Resistances

1,3620 - 1,3715

Supports

1,3535 - 1,3440

GBP/USD - British Pound Dollar

1,5082. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,5070 support. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. If the support breaks then the target will be 1,4970 (112 pips).

Resistances

1,5175 - 1,5240

Supports

1,5070 - 1,4970

USD/CHF - Dollar Swiss Franc

1,1109. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a resistance below 1,1120 (11 pips). The consolidation should continue.

Resistances

1,1120 - 1,1240

Supports

1,1060 - 1,0980

USD/CAD - US Dollar Canadian Dollar

1,1783. USD CAD broke 1,1680 resistance. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,1810 resistance (27 pips).

Resistances

1,1810 - 1,1975

Supports

1,1680 - 1,1555

USD/JPY - Dollar Yen

95,44. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 95,75 (31 pips). The downtrend should continue to gather momentum.

Resistances

95,75 - 97,10

Supports

95,15 - 94,75