Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3872. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,3800 (72 pips). The consolidation should continue.

Resistances

1,3935 - 1,4000

Supports

1,3805 - 1,3730

GBP/USD - British Pound Dollar

1,6014. GBP USD is in a consolidation after the last bearish movement. GBP 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. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,5800 / 1,6100 range.

Resistances

1,6100 - 1,6240

Supports

1,5890 - 1,5800

USD/CHF - Dollar Swiss Franc

1,0937. 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 consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0985 - 1,1060

Supports

1,0890 - 1,0835

USD/CAD - US Dollar Canadian Dollar

1,1177. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. 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 1,1300 (123 pips).

Resistances

1,1200 - 1,1300

Supports

1,1140 - 1,0925

USD/JPY - Dollar Yen

98,08. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue.

Resistances

98,25 - 98,90

Supports

97,85 - 97,45