Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3921. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 1,3800 / 1,4000 range.

Resistances

1,3985 - 1,4050

Supports

1,3910 - 1,3800

GBP/USD - British Pound Dollar

1,6218. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,6210 and 1,6500. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6210 (8 pips). The consolidation should continue.

Resistances

1,6345 - 1,6500

Supports

1,6210 - 1,6115

USD/CHF - Dollar Swiss Franc

1,0783. 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 downtrend should continue on 1,0670 support (113 pips).

Resistances

1,0835 - 1,0950

Supports

1,0760 - 1,0720

USD/CAD - US Dollar Canadian Dollar

1,1336. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,1270 / 1,1425 range.

Resistances

1,1380 - 1,1425

Supports

1,1280 - 1,1225

USD/JPY - Dollar Yen

95,96. 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 is low. Bollinger bands are flat. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 96,10 (14 pips). The downtrend should continue to gather momentum.

Resistances

96,10 - 97,30

Supports

95,50 - 95,00

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