Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4148. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4100 (48 pips). If the support breaks then the target will be 1,4050 (98 pips).

Resistances

1,4185 - 1,4250

Supports

1,4110 - 1,4050

GBP/USD - British Pound Dollar

1,6434. GBP USD is in a range between 1,6405 and 1,6665. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6400 (34 pips). If the support breaks then the target will be 1,6250 (184 pips).

Resistances

1,6480 - 1,6525

Supports

1,6405 - 1,6350

USD/CHF - Dollar Swiss Franc

1,0768. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0670 / 1,0800 range.

Resistances

1,0775 - 1,0800

Supports

1,0730 - 1,0670

USD/CAD - US Dollar Canadian Dollar

1,1060. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,1075 (15 pips). If the resistance breaks then the target will be 1,1230 (170 pips).

Resistances

1,1075 - 1,1150

Supports

1,1020 - 1,0945

USD/JPY - Dollar Yen

94,47. USD JPY is in a consolidation after the last bearish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 93,90 support (57 pips).

Resistances

94,95 - 95,50

Supports

94,45 - 93,90

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