Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4290. EUR USD broke 1,4250 resistance. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support above 1,4300 (10 pips).

Resistances

1,4300 - 1,4315

Supports

1,4250 - 1,4190

GBP/USD - British Pound Dollar

1,6506. 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 1,6390 / 1,6575 range.

Resistances

1,6520 - 1,6575

Supports

1,6435 - 1,6390

USD/CHF - Dollar Swiss Franc

1,0665. USD CHF is in a range between 1,0630 and 1,0770. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,0630 (35 pips). The price should continue to move in Bollinger bands.

Resistances

1,0680 - 1,0730

Supports

1,0655 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,0793. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0850 (57 pips). The downtrend should continue to gather momentum.

Resistances

1,0850 - 1,0880

Supports

1,0780 - 1,0730

USD/JPY - Dollar Yen

95,03. USD JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 95,30 (27 pips). The consolidation should continue.

Resistances

95,30 - 95,90

Supports

94,90 - 94,60

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