Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4384. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4365 (19 pips). The uptrend should continue to gather momentum.

Resistances

1,4400 - 1,4445

Supports

1,4365 - 1,4340

GBP/USD - British Pound Dollar

1,6913. 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 low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,6880 (33 pips). The uptrend should continue to gather momentum.

Resistances

1,6960 - 1,7015

Supports

1,6890 - 1,6830

USD/CHF - Dollar Swiss Franc

1,0609. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in 1,0560 / 1,0660 range. If the support breaks then the target will be 1,0550 (59 pips).

Resistances

1,0660 - 1,0735

Supports

1,0560 - 1,0540

USD/CAD - US Dollar Canadian Dollar

1,0746. USD CAD is in an downtrend directed by 4H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The consolidation should continue. The price should find a resistance below 1,0760 (14 pips). If the resistance breaks then the target will be 1,0820 (74 pips).

Resistances

1,0760 - 1,0820

Supports

1,0690 - 1,0635

USD/JPY - Dollar Yen

94,92. USD JPY is in a range between 94,50 and 95,50. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

95,15 - 95,50

Supports

94,50 - 94,00

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