Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4194. EUR 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 EUR USD. The consolidation should continue. The price should continue to move in 1,4150 / 1,4240 range.

Resistances

1,4220 - 1,4240

Supports

1,4180 - 1,4150

GBP/USD - British Pound Dollar

1,6632. GBP USD is in a consolidation after the last bearish movement. The volatility is low. 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, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6550 support (82 pips).

Resistances

1,6650 - 1,6725

Supports

1,6610 - 1,6550

USD/CHF - Dollar Swiss Franc

1,0804. USD CHF 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 1,0850 (46 pips). The consolidation should continue.

Resistances

1,0850 - 1,0910

Supports

1,0755 - 1,0670

USD/CAD - US Dollar Canadian Dollar

1,0797. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0865 (68 pips). The consolidation should continue.

Resistances

1,0865 - 1,0900

Supports

1,0790 - 1,0750

USD/JPY - Dollar Yen

97,18. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. 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 97,80 (62 pips). The consolidation should continue.

Resistances

97,80 - 98,50

Supports

96,95 - 95,80

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