Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4301. EUR USD 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 bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,4310 - 1,4375

Supports

1,4275 - 1,4200

GBP/USD - British Pound Dollar

1,6413. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,6450 (37 pips). The downtrend should continue to gather momentum.

Resistances

1,6450 - 1,6595

Supports

1,6380 - 1,6295

USD/CHF - Dollar Swiss Franc

1,0618. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0630 (12 pips). The downtrend should continue to gather momentum.

Resistances

1,0630 -1,0685

Supports

1,0550 - 1,0500

USD/CAD - US Dollar Canadian Dollar

1,0772. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0815 (43 pips). The downtrend should continue to gather momentum.

Resistances

1,0785 - 1,0815

Supports

1,0760 - 1,0725

USD/JPY - Dollar Yen

93,98. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a support above 93,60 (38 pips).

Resistances

94,40 - 95,05

Supports

93,90 - 93,40

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