Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4067. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,4000 support (67 pips).

Resistances

1,4110 - 1,4170

Supports

1,4050 - 1,4000

GBP/USD - British Pound Dollar

1,6308. GBP USD broke 1,6400 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.

Resistances

1,6360 - 1,6400

Supports

1,6275 - 1,6220

USD/CHF - Dollar Swiss Franc

1,0812. 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 high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue.

Resistances

1,0835 - 1,0880

Supports

1,0790 - 1,0750

USD/CAD - US Dollar Canadian Dollar

1,1098. 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue on 1,1150 resistance (52 pips).

Resistances

1,1125 - 1,1150

Supports

1,1030 - 1,0905

USD/JPY - Dollar Yen

94,50. USD JPY 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 price should find a support above 94,40 (10 pips). If the support breaks then the target will be 93,90 (60 pips).

Resistances

94,95 - 95,50

Supports

94,40 - 93,90

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