Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4275. 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 1,4175 / 1,4390 range.

Resistances

1,4315 - 1,4390

Supports

1,4250 - 1,4175

GBP/USD - British Pound Dollar

1,6267. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,6115 / 1,6385 range.

Resistances

1,6300 - 1,6385

Supports

1,6190 - 1,6115

USD/CHF - Dollar Swiss Franc

1,0604. USD CHF is in a consolidation after the last bearish 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 downtrend should continue on 1,0550 support (54 pips).

Resistances

1,0635 - 1,0710

Supports

1,0550 - 1,0530

USD/CAD - US Dollar Canadian Dollar

1,1027. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,1060 - 1,1105

Supports

1,1005 - 1,0890

USD/JPY - Dollar Yen

92,21. 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 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 USD JPY. The downtrend should continue to gather momentum.

Resistances

92,35 - 92,55

Supports

91,95 - 91,50

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