Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4213. EUR USD broke 1,4330 support. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue.

Resistances

1,4240 - 1,4330

Supports

1,4150 - 1,4090

GBP/USD - British Pound Dollar

1,6716. 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. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6600 support (116 pips).

Resistances

1,6725 - 1,6815

Supports

1,6650 - 1,6610

USD/CHF - Dollar Swiss Franc

1,0802. USD CHF is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0850 (48 pips). The consolidation should continue.

Resistances

1,0850 - 1,0910

Supports

1,0755 - 1,0670

USD/CAD - US Dollar Canadian Dollar

1,0813. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0900 (87 pips).

Resistances

1,0865 - 1,0900

Supports

1,0790 - 1,0750

USD/JPY - Dollar Yen

97,20. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 98,00 (80 pips). The price should consolidate.

Resistances

97,80 - 98,50

Supports

96,95 - 95,80

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