Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4126. EUR USD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4135 (9 pips). If the resistance breaks then the target will be 1,4200 (74 pips).

Resistances

1,4135 - 1,4200

Supports

1,4090 - 1,4000

GBP/USD - British Pound Dollar

1,6545. GBP USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,6560 (15 pips). If the resistance breaks then the target will be 1,6750 (205 pips).

Resistances

1,6560 - 1,6640

Supports

1,6470 - 1,6345

USD/CHF - Dollar Swiss Franc

1,0848. USD CHF is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0950 (102 pips). The uptrend seems to be finished. The consolidation should continue.

Resistances

1,0925 - 1,0950

Supports

1,0835 - 1,0770

USD/CAD - US Dollar Canadian Dollar

1,0784. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.

Resistances

1,0860 - 1,0925

Supports

1,0750 - 1,0700

USD/JPY - Dollar Yen

95,37. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

95,45 - 95,90

Supports

95,25 - 94,80

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