Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3563. EUR USD broke 1,3530 resistance. EUR 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 1,3440 / 1,3660 range.

Resistances

1,3600 - 1,3660

Supports

1,3515 - 1,3420

GBP/USD - British Pound Dollar

1,5338. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5350 (12 pips). The consolidation should continue. If the resistance breaks then the target will be 1,5500 (162 pips).

Resistances

1,5350 - 1,5410

Supports

1,5250 - 1,5115

USD/CHF - Dollar Swiss Franc

1,1147. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,1030 / 1,1260 range.

Resistances

1,1185 - 1,1260

Supports

1,1125 - 1,1030

USD/CAD - US Dollar Canadian Dollar

1,1637. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1690 (53 pips). The downtrend should continue to gather momentum.

Resistances

1,1690 - 1,1815

Supports

1,1610 - 1,1560

USD/JPY - Dollar Yen

96,42. USD JPY broke 96,00 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are parallel and form the trend. Oscillators are neutral. The price should find a resistance below 96,70 (28 pips). If the resistance breaks then the target will be 97,20 (78 pips).

Resistances

96,65 - 97,20

Supports

96,10 - 95,40