Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3629. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,3535 and 1,3715. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,3715 (86 pips). The consolidation should continue.

Resistances

1,3665 - 1,3715

Supports

1,3605 - 1,3535

GBP/USD - British Pound Dollar

1,5218. GBP USD is in a range between 1,5065 and 1,5355. GBP USD 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 bullish configuration. The price should continue to move in 1,5065 / 1,5350 range.

Resistances

1,5240 - 1,5350

Supports

1,5170 - 1,5065

USD/CHF - Dollar Swiss Franc

1,1058. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. USD CHF is in a range between 1,0980 and 1,1120. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0980 / 1,1120 range. If the support breaks then the target will be 1,0800 (258 pips).

Resistances

1,1065 - 1,1120

Supports

1,1025 - 1,0980

USD/CAD - US Dollar Canadian Dollar

1,1716. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 1,1680 and 1,1810. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1730 - 1,1810

Supports

1,1680 - 1,1555

USD/JPY - Dollar Yen

95,95. 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 is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 96,20 (25 pips). The downtrend should continue to gather momentum.

Resistances

96,20 - 96,55

Supports

95,75 - 95,15