Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4039. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,3980 and 1,4150. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,3980 (59 pips). The consolidation should continue.

Resistances

1,4065 - 1,4155

Supports

1,3980 - 1,3890

GBP/USD - British Pound Dollar

1,6444. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6300 support (144 pips).

Resistances

1,6495 - 1,6585

Supports

1,6415 - 1,6300

USD/CHF - Dollar Swiss Franc

1,0859. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,0910 - 1,1025

Supports

1,0780 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,1622. USD CAD is in an uptrend supported by 4H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a support above 1,1580 (42 pips).

Resistances

1,1655 - 1,1720

Supports

1,1580 - 1,1510

USD/JPY - Dollar Yen

96,80. USD JPY broke 96,50 resistance. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue.

Resistances

97,00 - 97,25

Supports

96,50 - 96,15

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