Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4088. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,4150 - 1,4240

Supports

1,4050 - 1,3800

GBP/USD - British Pound Dollar

1,6383. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,6340 (43 pips). The uptrend should continue to gather momentum.

Resistances

1,6475 - 1,6600

Supports

1,6295 - 1,6220

USD/CHF - Dollar Swiss Franc

1,0757. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 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 support above 1,0700 (57 pips). The consolidation should continue.

Resistances

1,0800 - 1,0840

Supports

1,0720 - 1,0590

USD/CAD - US Dollar Canadian Dollar

1,1050. USD CAD is in a range between 1,0940 and 1,1290. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0950 (100 pips). The price should consolidate. The price should continue to move in Bollinger bands.

Resistances

1,1075 - 1,1140

Supports

1,0940 - 1,0865

USD/JPY - Dollar Yen

97,94. USD JPY is in a range between 97,10 and 98,90. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

98,20 - 98,90

Supports

97,75 - 97,10