Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4158. EUR USD broke 1,4175 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue.

Resistances

1,4190 - 1,4275

Supports

1,4135 - 1,4060

GBP/USD - British Pound Dollar

1,6487. GBP 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. The price should continue to move in 1,6440 / 1,6575 range.

Resistances

1,6575 - 1,6640

Supports

1,6440 - 1,6325

USD/CHF - Dollar Swiss Franc

1,0746. USD CHF broke 1,0710 resistance. USD CHF is in a consolidation after the last bullish movement. 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 consolidation should continue.

Resistances

1,0770 - 1,0790

Supports

1,0710 - 1,0635

USD/CAD - US Dollar Canadian Dollar

1,0920. 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 decreases. Bollinger bands are tightened. 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 1,0940 (20 pips). The downtrend should continue to gather momentum.

Resistances

1,0940 - 1,1010

Supports

1,0840 - 1,0800

USD/JPY - Dollar Yen

94,80. USD JPY is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

95,30 - 95,65

Supports

94,50 - 93,80

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