Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3834. EUR USD is in a range between 1,3800 and 1,4000. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3800 (34 pips). If the support breaks then the target will be 1,3750 (84 pips).

Resistances

1,3875 - 1,4000

Supports

1,3805 - 1,3750

GBP/USD - British Pound Dollar

1,6441. GBP USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,6580 - 1,6600

Supports

1,6400 - 1,6300

USD/CHF - Dollar Swiss Franc

1,0895. USD CHF is in a range between 1,0760 and 1,0900. 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

1,0900 - 1,0955

Supports

1,0825 - 1,0760

USD/CAD - US Dollar Canadian Dollar

1,1488. USD CAD broke 1,1380 support. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,1540 resistance (52 pips). If the resistance breaks then the target will be 1,1800 (312 pips).

Resistances

1,1500 - 1,1550

Supports

1,1450 - 1,1380

USD/JPY - Dollar Yen

95,88. USD JPY is in a range between 95,50 and 97,20. The volatility is low. The volatility decreases. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 95,50 (38 pips).

Resistances

96,35 - 97,20

Supports

95,80 - 95,50

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