Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4347. EUR USD broke 1,4365 support. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,4270 support (77 pips).

Resistances

1,4375 - 1,4445

Supports

1,4330 - 1,4270

GBP/USD - British Pound Dollar

1,6779. GBP USD broke 1,6900 support. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6750 (29 pips). If the support breaks then the target will be 1,6620 (159 pips).

Resistances

1,6900 - 1,7030

Supports

1,6750 - 1,6620

USD/CHF - Dollar Swiss Franc

1,0661. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should continue to move in 1,0560 / 1,0725 range.

Resistances

1,0680 - 1,0735

Supports

1,0625 - 1,0560

USD/CAD - US Dollar Canadian Dollar

1,0769. 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 decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0680 / 1,0820 range.

Resistances

1,0790 - 1,0820

Supports

1,0680 - 1,0630

USD/JPY - Dollar Yen

95,43. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

95,80 - 96,00

Supports

95,20 - 94,50

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