Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,3906. EUR USD broke 1,3950 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3880 (26 pips). The consolidation should continue. If the support breaks then the target will be 1,3800 (106 pips).

Resistances

1,3850 - 1,4025

Supports

1,3880 - 1,3800

GBP/USD - British Pound Dollar

1,6151. GBP USD broke 1,6260 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should consolidate.

Resistances

1,6260 - 1,6430

Supports

1,6095 - 1,6000

USD/CHF - Dollar Swiss Franc

1,0927. USD CHF broke 1,0890 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,0850 (77 pips). The uptrend should continue on 1,1050 resistance (123 pips).

Resistances

1,0955 - 1,1050

Supports

1,0890 - 1,0830

USD/CAD - US Dollar Canadian Dollar

1,1645. 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 is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1680 (35 pips). The consolidation should continue.

Resistances

1,1680 - 1,1740

Supports

1,1565 - 1,1460

USD/JPY - Dollar Yen

95,26. 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 is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 95,00 (26 pips). If the support breaks then the target will be 94,50 (76 pips).

Resistances

95,70 - 96,15

Supports

95,00 - 94,50

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