Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3888. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,3770 / 1,3900 range.

Resistances

1,3900 - 1,3960

Supports

1,3850 - 1,3795

GBP/USD - British Pound Dollar

1,5932. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,5780 / 1,6100 range.

Resistances

1,5990 - 1,6090

Supports

1,5890 - 1,5780

USD/CHF - Dollar Swiss Franc

1,0905. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0950 (45 pips). The downtrend should continue to gather momentum.

Resistances

1,0950 - 1,1055

Supports

1,0810 - 1,0750

USD/CAD - US Dollar Canadian Dollar

1,1191. USD CAD is in an downtrend directed by 4H exponential moving averages. 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. The price should find a resistance below 1,1250 (59 pips). The downtrend should continue to gather momentum.

Resistances

1,1250 - 1,1355

Supports

1,1160 - 1,1110

USD/JPY - Dollar Yen

97,14. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 99,00 resistance (186 pips).

Resistances

97,20 - 98,00

Supports

96,50 - 95,50