Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4144. 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. The consolidation should continue. The price should continue to move in 1,4080 / 1,4220 range.

Resistances

1,4160 - 1,4220

Supports

1,4105 - 1,4080

GBP/USD - British Pound Dollar

1,6491. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should consolidate. The price should find a support above 1,6430 (61 pips).

Resistances

1,6525 - 1,6610

Supports

1,6430 - 1,6340

USD/CHF - Dollar Swiss Franc

1,0860. 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 1,0885 (25 pips). The consolidation should continue.

Resistances

1,0885 - 1,0935

Supports

1,0840 - 1,0795

USD/CAD - US Dollar Canadian Dollar

1,0902. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. 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 1,0930 (28 pips). The consolidation should continue. If the resistance breaks then the target will be 1,1100 (198 pips).

Resistances

1,0930 - 1,1000

Supports

1,0865 - 1,0795

USD/JPY - Dollar Yen

96,85. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

97,10 - 97,80

Supports

96,55 - 95,80

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