Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4246. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4265 (19 pips). The downtrend should continue on 1,4120 support (126 pips).

Resistances

1,4265 - 1,4360

Supports

1,4205 - 1,4180

GBP/USD - British Pound Dollar

1,6227. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6050 support (177 pips).

Resistances

1,6250 - 1,6305

Supports

1,6160 - 1,6050

USD/CHF - Dollar Swiss Franc

1,0680. USD CHF broke 1,0640 resistance. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0715 - 1,0740

Supports

1,0640 - 1,0550

USD/CAD - US Dollar Canadian Dollar

1,0978. 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. The consolidation should continue. The price should continue to move in 1,0930 / 1,1050 range.

Resistances

1,1000 - 1,1040

Supports

1,0935 - 1,0890

USD/JPY - Dollar Yen

93,72. USD JPY broke 93,85 support. The volatility rises. Bollinger bands are deviated. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 93,40 (32 pips). If the support breaks then the target will be 92,50 (122 pips).

Resistances

93,85 - 94,55

Supports

93,40 - 92,50

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