Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3966. 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 1,3860 and 1,4050. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,3900 (66 pips). The uptrend should continue to gather momentum.

Resistances

1,4000 - 1,4050

Supports

1,3910 - 1,3860

GBP/USD - British Pound Dollar

1,5978. GBP USD is in an uptrend supported by 4H exponential moving averages. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,5900 (78 pips). The uptrend should continue to gather momentum.

Resistances

1,5985 - 1,6040

Supports

1,5910 - 1,5750

USD/CHF - Dollar Swiss Franc

1,0853. 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 1,0810 and 1,0930. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0900 (47 pips). The downtrend should continue on 1,0730 support (123 pips).

Resistances

1,0875 - 1,0930

Supports

1,0810 - 1,0730

USD/CAD - US Dollar Canadian Dollar

1,1145. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue on 1,0700 support (445 pips).

Resistances

1,1225 - 1,1355

Supports

1,1125 - 1,1010

USD/JPY - Dollar Yen

95,42. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 96,00 (58 pips).

Resistances

95,50 - 96,00

Supports

95,05 - 94,50