Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4104. EUR USD is in a range between 1,3990 and 1,4130. The volatility is low. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4130 (26 pips).

Resistances

1,4130 - 1,4195

Supports

1,3990 - 1,3950

GBP/USD - British Pound Dollar

1,6626. GBP USD broke 1,6580 resistance. GBP USD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum.

Resistances

1,6660 - 1,6700

Supports

1,6585 - 1,6545

USD/CHF - Dollar Swiss Franc

1,0816. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in Bollinger bands.

Resistances

1,0915 - 1,1025

Supports

1,0795 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,1570. There is an horizontal range between 1,1525 and 1,1590. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. 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 1,1510 (60 pips). The uptrend should continue to gather momentum.

Resistances

1,1590 - 1,1640

Supports

1,1510 - 1,1420

USD/JPY - Dollar Yen

95,74. 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 / 96,20 range.

Resistances

96,20 - 96,55

Supports

95,60 - 95,00

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