Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4308. EUR USD is in a range between 1,4265 and 1,4375. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances

1,4320 - 1,4375

Supports

1,4265 - 1,4200

GBP/USD - British Pound Dollar

1,6317. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.

Resistances

1,6355 - 1,6435

Supports

1,6305 - 1,6220

USD/CHF - Dollar Swiss Franc

1,0615. USD CHF is in a range between 1,0550 and 1,0640. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support breaks then the target will be 1,0350 (265 pips).

Resistances

1,0640 - 1,0685

Supports

1,0580 - 1,0550

USD/CAD - US Dollar Canadian Dollar

1,0859. USD CAD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The consolidation should continue.

Resistances

1,0880 - 1,1000

Supports

1,0800 - 1,0725

USD/JPY - Dollar Yen

94,06. There is an horizontal range between 93,90 and 94,40. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances

94,40 - 95,05

Supports

93,90 - 93,40

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