Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4264. EUR USD is in a consolidation after the last bearish movement. EUR USD 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 bullish configuration. The price should continue to move in 1,4220 / 1,4400 range.

Resistances

1,4315 - 1,4400

Supports

1,4255 - 1,4205

GBP/USD - British Pound Dollar

1,6196. GBP USD is in a range between 1,6155 and 1,6385. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6150 (46 pips). If the support breaks then the target will be 1,6080 (116 pips).

Resistances

1,6255 - 1,6385

Supports

1,6155 - 1,6080

USD/CHF - Dollar Swiss Franc

1,0630. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0635 (5 pips). The price should continue to move in Bollinger bands. If the resistance breaks then the target will be 1,0680 (50 pips).

Resistances

1,0630 - 1,0715

Supports

1,0585 - 1,0540

USD/CAD - US Dollar Canadian Dollar

1,1083. USD CAD broke 1,1000 resistance. The volatility is high. Bollinger bands are parallel and form the trend. 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 1,1125 resistance (42 pips).

Resistances

1,1100 - 1,1125

Supports

1,1000 - 1,0960

USD/JPY - Dollar Yen

93,30. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 93,35 (5 pips). The consolidation should continue.

Resistances

93,35 - 94,05

Supports

92,55 - 92,00

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