Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4143. EUR USD is in a consolidation after the last bearish movement. The volatility is low. 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 Bollinger bands.

Resistances

1,4180 - 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 is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,6525 - 1,6655

Supports

1,6430 - 1,6390

USD/CHF - Dollar Swiss Franc

1,0823. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0790 / 1,0885 range. If the support breaks then the target will be 1,0550 (273 pips).

Resistances

1,0885 - 1,0935

Supports

1,0790 - 1,0750

USD/CAD - US Dollar Canadian Dollar

1,1021. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,1180 resistance (159 pips).

Resistances

1,1050 - 1,1100

Supports

1,0980 - 1,0865

USD/JPY - Dollar Yen

95,50. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should consolidate.

Resistances

96,10 - 97,80

Supports

95,35 - 94,60

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