Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4244. EUR USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4300 (56 pips). The consolidation should continue.

Resistances

1,4300 - 1,4330

Supports

1,4200 - 1,4140

GBP/USD - British Pound Dollar

1,6718. GBP USD broke 1,6575 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,6680 (38 pips). The uptrend should continue on 1,7100 resistance (382 pips).

Resistances

1,6775 - 1,6900

Supports

1,6650 - 1,6575

USD/CHF - Dollar Swiss Franc

1,0706. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,0650 (56 pips). The consolidation should continue.

Resistances

1,0730 - 1,0790

Supports

1,0660 - 1,0600

USD/CAD - US Dollar Canadian Dollar

1,0785. 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. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a support above 1,0750 (35 pips). The consolidation should continue.

Resistances

1,0850 - 1,0925

Supports

1,0760 - 1,0700

USD/JPY - Dollar Yen

94,64. USD JPY is in a consolidation after the last bearish movement. The volatility is high. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 94,50 (14 pips). The consolidation should continue. If the support breaks then the target will be 93,70 (94 pips).

Resistances

94,90 - 95,20

Supports

94,50 - 94,00

Mataf.net : technical analysis, Forex, currency converter