Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4165. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,4185 - 1,4245

Supports

1,4115 - 1,4050

GBP/USD - British Pound Dollar

1,6442. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (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 1,6350 (92 pips). The uptrend should continue on 1,6700 resistance (258 pips).

Resistances

1,6500 - 1,6585

Supports

1,6350 - 1,6250

USD/CHF - Dollar Swiss Franc

1,0700. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0750 (50 pips). The downtrend should continue to gather momentum.

Resistances

1,0720 - 1,0760

Supports

1,0655 - 1,0620

USD/CAD - US Dollar Canadian Dollar

1,0919. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0950 (31 pips). The downtrend should continue to gather momentum.

Resistances

1,0950 - 1,1000

Supports

1,0665 - 1,0780

USD/JPY - Dollar Yen

96,37. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue.

Resistances

96,80 - 97,15

Supports

95,90 - 94,45