Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4409. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR 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 EUR USD. The price should find a support above 1,4390 (19 pips). The uptrend should continue to gather momentum.

Resistances

1,4445 - 1,4495

Supports

1,4365 - 1,4300

GBP/USD - British Pound Dollar

1,6998. GBP USD is in an uptrend supported by 1H exponential moving averages. 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 GBP USD. The price should find a support above 1,6930 (68 pips). The uptrend should continue to gather momentum.

Resistances

1,7040 - 1,7120

Supports

1,6890 - 1,6680

USD/CHF - Dollar Swiss Franc

1,0617. 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 find a support above 1,0560 (57 pips). If the support breaks then the target will be 1,0500 (117 pips).

Resistances

1,0650 - 1,0735

Supports

1,0560 - 1,0500

USD/CAD - US Dollar Canadian Dollar

1,0704. 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 1H, 4H, 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 continue to move in 1,0630 / 1,0785 range.

Resistances

1,0730 - 1,0785

Supports

1,0680 - 1,0630

USD/JPY - Dollar Yen

95,12. USD JPY is in a range between 94,50 and 94,45. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

95,20 - 95,45

Supports

94,80 - 94,50

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