Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3917. EUR USD broke 1,3940 support. EUR USD is in a consolidation after the last bullish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3860 (57 pips). The consolidation should continue.

Resistances

1,3940 - 1,4050

Supports

1,3860 - 1,3725

GBP/USD - British Pound Dollar

1,5861. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,5750 and 1,5950. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5800 (61 pips). The uptrend should continue to gather momentum.

Resistances

1,5890 - 1,5950

Supports

1,5800 - 1,5750

USD/CHF - Dollar Swiss Franc

1,0872. 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 high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0930 (58 pips). The consolidation should continue.

Resistances

1,0930 - 1,1050

Supports

1,0840 - 1,0810

USD/CAD - US Dollar Canadian Dollar

1,1268. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,1190 / 1,1360 range.

Resistances

1,1360 - 1,1485

Supports

1,1250 - 1,1190

USD/JPY - Dollar Yen

94,65. USD JPY is in a range between 93,85 and 95,20. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 93,85 / 94,20 range.

Resistances

95,20 - 95,60

Supports

94,40 - 93,85