Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3809. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 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 1,3800 (9 pips). The consolidation should continue.

Resistances

1,3840 - 1,3940

Supports

1,3750 - 1,3690

GBP/USD - British Pound Dollar

1,6287. GBP USD is in a consolidation after the last bearish movement. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6150 support (137 pips).

Resistances

1,6330 - 1,6390

Supports

1,6200 - 1,6150

USD/CHF - Dollar Swiss Franc

1,0907. USD CHF is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,0960 resistance (53 pips).

Resistances

1,0920 - 1,0960

Supports

1,0840 - 1,0750

USD/CAD - US Dollar Canadian Dollar

1,1314. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should continue to move in 1,1270 / 1,1415 range.

Resistances

1,1380 - 1,1415

Supports

1,1300 - 1,1265

USD/JPY - Dollar Yen

96,43. USD JPY broke 97,50 support. The volatility is high. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue on 96,00 support (43 pips).

Resistances

97,10 - 97,50

Supports

96,30 - 96,00

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