Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4039. EUR USD broke 1,4015 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,4070 resistance (31 pips).

Resistances

1,4070 - 1,4150

Supports

1,4015 - 1,3910

GBP/USD - British Pound Dollar

1,6401. GBP USD broke 1,6350 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,6420 (19 pips). The price should consolidate. If the support breaks then the target will be 1,6600 (199 pips).

Resistances

1,6420 - 1,6550

Supports

1,6350 - 1,6230

USD/CHF - Dollar Swiss Franc

1,0818. USD CHF is in a range between 1,0810 and 1,0925. USD CHF 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 bearish configuration. The price should continue to move in 1,0810 / 1,0925 range.

Resistances

1,0865 - 1,0925

Supports

1,0810 - 1,0750

USD/CAD - US Dollar Canadian Dollar

1,1308. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1360 (52 pips). The downtrend should continue to gather momentum.

Resistances

1,1360 - 1,1405

Supports

1,1300 - 1,1250

USD/JPY - Dollar Yen

93,40. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 92,80 / 94,00 range.

Resistances

93,75 - 94,00

Supports

93,40 - 92,90

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