Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4172. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,4140 / 1,4200 range. If the support breaks then the target will be 1,4070 (102 pips).

Resistances

1,4200 - 1,4300

Supports

1,4130 - 1,4070

GBP/USD - British Pound Dollar

1,6421. GBP USD is in a range between 1,6390 and 1,6560. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,6390 (31 pips).

Resistances

1,6465 - 1,6560

Supports

1,6390 - 1,6320

USD/CHF - Dollar Swiss Franc

1,0755. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0800 - 1,0825

Supports

1,0730 - 1,0660

USD/CAD - US Dollar Canadian Dollar

1,0833. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0750 / 1,0880 range.

Resistances

1,0880 - 1,0970

Supports

1,0800 - 1,0750

USD/JPY - Dollar Yen

94,21. USD JPY broke 94,60 support. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 94,00 (21 pips). The consolidation should continue. If the support breaks then the target will be 93,30 (91 pips).

Resistances

94,60 - 95,35

Supports

94,00 - 93,30

Mataf.net : technical analysis, Forex, currency converter