Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3903. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,3940 - 1,4050

Supports

1,3830 - 1,3770

GBP/USD - British Pound Dollar

1,6104. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,6140 (36 pips). The downtrend should continue to gather momentum.

Resistances

1,6140 - 1,6300

Supports

1,5985 - 1,5900

USD/CHF - Dollar Swiss Franc

1,0892. 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

1,0950 - 1,0975

Supports

1,0875 - 1,0815

USD/CAD - US Dollar Canadian Dollar

1,1624. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,1680 - 1,1725

Supports

1,1600 - 1,1550

USD/JPY - Dollar Yen

93,25. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 93,50 (25 pips). The downtrend should continue to gather momentum.

Resistances

93,50 - 94,10

Supports

92,50 - 91,75

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