Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4082. 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 high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4180 (98 pips). The consolidation should continue.

Resistances

1,4150 - 1,4180

Supports

1,4065 - 1,3940

GBP/USD - British Pound Dollar

1,6537. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,6700 resistance (163 pips).

Resistances

1,6625 - 1,6700

Supports

1,6520 - 1,6425

USD/CHF - Dollar Swiss Franc

1,0720. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue.

Resistances

1,0740 - 1,800

Supports

1,0650 - 1,0610

USD/CAD - US Dollar Canadian Dollar

1,1077. USD CAD is in a range between 1,0940 and 1,1150. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0940 / 1,1150 range.

Resistances

1,1100 - 1,1150

Supports

1,0940 - 1,0880

USD/JPY - Dollar Yen

97,86. USD JPY is in a range between 97,10 and 98,90. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

98,40 - 98,90

Supports

97,50 - 97,10