Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4213. EUR 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 EUR USD. The price should find a support above 1,4150 (63 pips).

Resistances

1,4255 - 1,4390

Supports

1,4175 - 1,4150

GBP/USD - British Pound Dollar

1,6169. 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. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6100 (69 pips).

Resistances

1,6205 - 1,6385

Supports

1,6115 - 1,6100

USD/CHF - Dollar Swiss Franc

1,0669. USD CHF broke 1,0635 resistance. USD CHF is in a consolidation after the last bullish movement. USD CHF 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 bearish configuration. The consolidation should continue.

Resistances

1,0705 - 1,0745

Supports

1,0635 - 1,0540

USD/CAD - US Dollar Canadian Dollar

1,1027. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,1075 (48 pips). The consolidation should continue.

Resistances

1,1075 - 1,1100

Supports

1,0995 - 1,0895

USD/JPY - Dollar Yen

92,88. 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. 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 93,10 (22 pips). The downtrend should continue to gather momentum.

Resistances

93,00 - 93,35

Supports

92,55 - 92,35

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