Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3909. EUR USD is in a range between 1,3880 and 1,4000. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,3945 - 1,4000

Supports

1,3880 - 1,3800

GBP/USD - British Pound Dollar

1,6496. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue.

Resistances

1,6560 - 1,6600

Supports

1,6450 - 1,6400

USD/CHF - Dollar Swiss Franc

1,0833. USD CHF is in a range between 1,0760 and 1,0900. USD CHF 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 bearish configuration. The price should continue to move in 1,0760 / 1,0900 range.

Resistances

1,0845 - 1,0900

Supports

1,0760 - 1,0695

USD/CAD - US Dollar Canadian Dollar

1,1364. USD CAD is in a range between 1,1250 and 1,1430. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,1250 / 1,1430 range.

Resistances

1,1400 - 1,1430

Supports

1,1325 - 1,1250

USD/JPY - Dollar Yen

96,09. USD JPY is in a range between 95,50 and 97,20. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 95,50 (59 pips). The price should continue to move in Bollinger bands.

Resistances

96,50 - 97,20

Supports

95,50 - 95,30

Mataf.net : technical analysis, Forex, currency converter