Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4243. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4260 (17 pips). If the resistance breaks then the target will be 1,4350 (107 pips).

Resistances

1,4260 - 1,4330

Supports

1,4200 - 1,4160

GBP/USD - British Pound Dollar

1,6490. GBP USD 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 bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,6490 - 1,6560

Supports

1,6280 - 1,6265

USD/CHF - Dollar Swiss Franc

1,0647. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,0680 - 1,0715

Supports

1,0635 - 1,0590

USD/CAD - US Dollar Canadian Dollar

1,0978. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.

Resistances

1,1015 - 1,1100

Supports

1,0960 - 1,0940

USD/JPY - Dollar Yen

94,24. USD JPY is in a range between 93,25 and 94,80. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 93,25 / 94,80 range.

Resistances

94,40 - 94,80

Supports

93,80 - 93,25

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