Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3995. EUR USD is in a consolidation after the last bearish movement. The price is just above 1,3950 support. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,3950 (45 pips). The downtrend seems to be finished. The price has a good probability to go up.

Resistances

1,4030 - 1,4100

Supports

1,3950 - 1,3925

GBP/USD - British Pound Dollar

1,6305. GBP USD is in a consolidation after the last bearish movement. The price is just above 1,6250 support. The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6250 (55 pips). The downtrend seems to be finished. The price has a good probability to go up.

Resistances

1,6350 - 1,6430

Supports

1,6260 - 1,6230

USD/CHF - Dollar Swiss Franc

1,0874. 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 low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

1,0905 - 1,0930

Supports

1,0820 - 1,0780

USD/CAD - US Dollar Canadian Dollar

1,1602. USD CAD is in a consolidation after the last bullish movement. There is an horizontal range between 1,1560 and 1,1640. Support and resistance are given by Bollinger bands. 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 resistance below 1,1640 (38 pips). The price should consolidate. The price should continue to move in Bollinger bands.

Resistances

1,1640 - 1,1675

Supports

1,1560 - 1,1455

USD/JPY - Dollar Yen

95,46. USD JPY broke 95,70 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a support above 95,00 (46 pips).

Resistances

95,70 - 96,15

Supports

95,25 - 95,00

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