Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4052. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4100 (48 pips).

Resistances

1,4060 - 1,4140

Supports

1,3985 - 1,3885

GBP/USD - British Pound Dollar

1,6717. GBP USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to move in 1,6210 / 1,6600 range.

Resistances

1,6465 - 1,6600

Supports

1,6360 - 1,6210

USD/CHF - Dollar Swiss Franc

1,0903. USD CHF is in a consolidation after the last bullish movement. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0955 - 1,1030

Supports

1,0890 - 1,0790

USD/CAD - US Dollar Canadian Dollar

1,1511. USD CAD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue.

Resistances

1,1540 - 1,1640

Supports

1,1500 - 1,1430

USD/JPY - Dollar Yen

95,87. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 95,00 / 96,50 range.

Resistances

96,00 - 96,50

Supports

95,65 - 95,00

Mataf.net : technical analysis, Forex, currency converter