Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3963. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue.

Resistances

1,4010 - 1,4140

Supports

1,3890 - 1,3825

GBP/USD - British Pound Dollar

1,6454. GBP USD is in a range between 1,6210 and 1,6600. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,6210 / 1,6600 range.

Resistances

1,6485 - 1,6600

Supports

1,6375 - 1,6210

USD/CHF - Dollar Swiss Franc

1,1535. USD CHF is in a consolidation after the last bullish movement. USD CHF 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 consolidation should continue.

Resistances

1,1025 - 1,1060

Supports

1,0900 - 1,0765

USD/CAD - US Dollar Canadian Dollar

1,1535. USD CAD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1520 (15 pips). The uptrend should continue to gather momentum.

Resistances

1,1585 - 1,1680

Supports

1,1520 - 1,1430

USD/JPY - Dollar Yen

96,28. The price is just bellow 96,30 resistance. The volatility rises. Bollinger bands are deviated. 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 continue to move in 95,60 / 96,50 range.

Resistances

96,30 - 96,50

Supports

95,65 - 94,90

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