Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4266. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The price is just bellow 1,4305 resistance. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4305 (39 pips). The price should continue to move in Bollinger bands. If the resistance breaks then the target will be 1,4365 (99 pips).

Resistances

1,4305 - 1,4365

Supports

1,4250 - 1,4295

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 find a resistance below 1,6585 (80 pips). The price should continue to move in Bollinger bands.

Resistances

1,6560 - 1,6585

Supports

1,6455 - 1,6385

USD/CHF - Dollar Swiss Franc

1,0681. 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). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.

Resistances

1,0700 - 1,0730

Supports

1,0655 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,0797. USD CAD is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.

Resistances

1,0830 - 1,0880

Supports

1,0780 - 1,0760

USD/JPY - Dollar Yen

94,74. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 94,60 and 95,35. The volatility rises. Oscillators are neutral. The price should find a resistance below 95,40 (66 pips). The price should continue to move in Bollinger bands.

Resistances

94,95 - 95,35

Supports

94,60 - 94,10

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