Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3927. EUR USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,3860 / 1,4000 range.

Resistances

1,3985 - 1,4050

Supports

1,3910 - 1,3800

GBP/USD - British Pound Dollar

1,6362. GBP USD is in a range between 1,6210 and 1,6500. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,6450 - 1,6505

Supports

1,6330 - 1,6210

USD/CHF - Dollar Swiss Franc

1,0815. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,0760 (55 pips). The consolidation should continue.

Resistances

1,0830 - 1,0955

Supports

1,0760 - 1,0720

USD/CAD - US Dollar Canadian Dollar

1,1340. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 1,1225 and 1,1425. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,1380 - 1,1425

Supports

1,1280 - 1,1225

USD/JPY - Dollar Yen

95,75. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY 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 USD JPY. The downtrend should continue to gather momentum.

Resistances

96,00 - 96,80

Supports

95,50 - 94,80

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