Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4043. 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. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to move in 1,3935 / 1,4150 range.

Resistances

1,4050 - 1,4150

Supports

1,3935 - 1,3805

GBP/USD - British Pound Dollar

1,6414. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,6300 (114 pips). The uptrend should continue to gather momentum.

Resistances

1,6475 - 1,6590

Supports

1,6300 - 1,6250

USD/CHF - Dollar Swiss Franc

1,0765. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0720 / 1,0850 range. If the support breaks then the target will be 1,0650 (115 pips).

Resistances

1,0850 - 1,0990

Supports

1,0720 - 1,0650

USD/CAD - US Dollar Canadian Dollar

1,1042. USD CAD is in a range between 1,0945 and 1,1290. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0945 (97 pips). If the support breaks then the target will be 1,0800 (242 pips).

Resistances

1,1140 - 1,1290

Supports

1,0945 - 1,0800

USD/JPY - Dollar Yen

97,79. 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. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to move in 97,10 / 98,90 range.

Resistances

98,50 - 98,90

Supports

97,50 - 97,10