Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4302. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4330 (28 pips). The price should consolidate. If the resistance breaks then the target will be 1,4400 (98 pips).

Resistances

1,4330 - 1,4400

Supports

1,4265 - 1,4200

GBP/USD - British Pound Dollar

1,6847. GBP USD is in an uptrend supported by 1H exponential moving averages. 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. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,7100 resistance (253 pips).

Resistances

1,6900 - 1,6950

Supports

1,6810 - 1,6680

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

1,0677. USD CAD broke 1,0760 support. USD CAD is in an downtrend directed by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.

Resistances

1,0705 - 1,0760

Supports

1,0665 - 1,0600

USD/JPY - Dollar Yen

94,96. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

95,10 - 95,80

Supports

94,50 - 94,00

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