Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4354. 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 1,4250 / 1,4390 range.

Resistances

1,4360 - 1,4390

Supports

1,4310 - 1,4250

GBP/USD - British Pound Dollar

1,6304. GBP USD is in a range between 1,6155 and 1,6385. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,6155 / 1,6385 range.

Resistances

1,6320 - 1,6385

Supports

1,6255 - 1,6155

USD/CHF - Dollar Swiss Franc

1,0576. USD CHF is in a range between 1,0540 and 1,0630. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in Bollinger bands.

Resistances

1,0605 - 1,0630

Supports

1,0570 - 1,0540

USD/CAD - US Dollar Canadian Dollar

1,0927. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,0790 / 1,1100 range.

Resistances

1,1000 - 1,1100

Supports

1,0895 - 1,0790

USD/JPY - Dollar Yen

93,04. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 93,35 (31 pips). The downtrend should continue to gather momentum.

Resistances

93,35 - 94,05

Supports

92,55 - 92,00

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