Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3987. EUR USD broke 1,4075 support. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3930 (57 pips). The consolidation should continue.

Resistances

1,4075 - 1,4240

Supports

1,3930 - 1,3800

GBP/USD - British Pound Dollar

1,5928. GBP USD is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,5850 support (78 pips).

Resistances

1,6050 - 1,6215

Supports

1,5930 - 1,5850

USD/CHF - Dollar Swiss Franc

1,0864. USD CHF broke 1,0770 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0910 (46 pips). The consolidation should continue. If the resistance breaks then the target will be 1,1010 (146 pips).

Resistances

1,0910 - 1,1010

Supports

1,0820 - 1,0770

USD/CAD - US Dollar Canadian Dollar

1,1183. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,1030 / 1,1280 range.

Resistances

1,1215 - 1,1280

Supports

1,1120 - 1,1030

USD/JPY - Dollar Yen

98,45. USD JPY broke 97,00 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should consolidate. The price should continue to move in 97,90 / 99,00 range.

Resistances

98,90 - 99,50

Supports

98,00 - 97,00