Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4259. EUR USD is in a range between 1,4195 and 1,4300. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,4300 - 1,4315

Supports

1,4195 - 1,4130

GBP/USD - British Pound Dollar

1,6505. 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 / 1,6580 range.

Resistances

1,6520 - 1,6585

Supports

1,6460 - 1,6390

USD/CHF - Dollar Swiss Franc

1,0689. 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 is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,0730 - 1,0770

Supports

1,0655 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,0796. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. 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 CAD. The downtrend should continue to gather momentum.

Resistances

1,0845 - 1,0830

Supports

1,0780 - 1,0760

USD/JPY - Dollar Yen

95,05. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 94,60 / 95,40 range.

Resistances

95,40 - 95,80

Supports

94,60 - 93,20

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