Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4121. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4160 (39 pips). The consolidation should continue.

Resistances

1,4160 - 1,4200

Supports

1,4100 - 1,4060

GBP/USD - British Pound Dollar

1,6389. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,6470 - 1,6540

Supports

1,6360 - 1,6230

USD/CHF - Dollar Swiss Franc

1,0755. USD CHF is in a consolidation after the last bearish movement. There is an horizontal range between 1,0725 and 1,0770. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0790 - 1,0925

Supports

1,0725 - 1,0660

USD/CAD - US Dollar Canadian Dollar

1,1178. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1230 (52 pips). The downtrend should continue to gather momentum.

Resistances

1,1230 - 1,1250

Supports

1,1120 - 1,1075

USD/JPY - Dollar Yen

93,67. USD JPY is in a consolidation after the last bullish movement. USD JPY 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 consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

94,00 - 94,45

Supports

93,30 - 92,90

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