Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4235. EUR USD is in a range between 1,4130 and 1,4270. The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,4130 / 1,4270 range.

Resistances

1,4250 - 1,4270

Supports

1,4185 - 14135

GBP/USD - British Pound Dollar

1,6458. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,6390 / 1,6575 range.

Resistances

1,6480 - 1,6575

Supports

1,6390 - 1,6325

USD/CHF - Dollar Swiss Franc

1,0700. USD CHF 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 bearish configuration. The price should continue to move in 1,0670 / 1,0760 range.

Resistances

1,0730 - 1,0770

Supports

1,0670 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,0851. 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 tightened. ForexTrend 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 1,0930 (79 pips). The downtrend should continue to gather momentum.

Resistances

1,0880 - 1,0930

Supports

1,0800 - 1,0730

USD/JPY - Dollar Yen

94,76. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 95,30 (54 pips). The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

95,30 - 95,50

Supports

94,60 - 94,10

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