Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4097. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue to gather momentum.

Resistances

1,4110 - 1,4175

Supports

1,4065 - 1,4010

GBP/USD - British Pound Dollar

1,6469. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,6210 and 1,6560. The volatility rises. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,6560 resistance (91 pips).

Resistances

1,6480 - 1,6560

Supports

1,6420 - 1,6375

USD/CHF - Dollar Swiss Franc

1,0658. USD CHF broke 1,0770 support. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,0680 - 1,0770

Supports

1,0645 - 1,0585

USD/CAD - US Dollar Canadian Dollar

1,1467. USD CAD is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. The price should find a support above 1,1400 (67 pips).

Resistances

1,1520 - 1,1580

Supports

1,1460 - 1,1400

USD/JPY - Dollar Yen

95,65. USD JPY is in a range between 95,00 and 95,80. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 95,80 (15 pips).

Resistances

95,85 - 96,30

Supports

95,30 - 94,95

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