Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3995. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to move in Bollinger bands.

Resistances

1,4010 - 1,4075

Supports

1,3960 - 1,3880

GBP/USD - British Pound Dollar

1,6267. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5980 / 1,6380 range.

Resistances

1,6295 - 1,6380

Supports

1,6160 - 1,5980

USD/CHF - Dollar Swiss Franc

1,0827. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in 1,0750 / 1,0925 range.

Resistances

1,0850 - 1,0925

Supports

1,0810 - 1,0750

USD/CAD - US Dollar Canadian Dollar

1,1508. USD CAD broke the downtrend to begin a bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,1480 (28 pips). The consolidation should continue. If the support breaks then the target will be 1,1250 (258 pips).

Resistances

1,1540 - 1,1600

Supports

1,1480 - 1,1420

USD/JPY - Dollar Yen

93,21. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Oscillators are neutral. The price should continue to move in 91,80 / 93,60 range.

Resistances

93,60 - 94,10

Supports

92,80 - 91,80

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