Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4327. EUR USD is in a range between 1,4175 and 1,4380. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4360 (33 pips). The uptrend should continue on 1,6000 resistance (1673 pips). The trend should reverse.

Resistances

1,4360 - 1,4380

Supports

1,4250 - 1,4175

GBP/USD - British Pound Dollar

1,6384. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,6420 (36 pips). The price should consolidate.

Resistances

1,6420 - 1,6550

Supports

1,6290 - 1,6230

USD/CHF - Dollar Swiss Franc

1,0561. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,0530 support. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,0530 (31 pips).

Resistances

1,0635 - 1,0710

Supports

1,0550 - 1,0530

USD/CAD - US Dollar Canadian Dollar

1,0987. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,0910 / 1,1100 range.

Resistances

1,1030 - 1,1100

Supports

1,0955 - 1,0910

USD/JPY - Dollar Yen

92,41. 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 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 92,55 (14 pips). The downtrend should continue to gather momentum.

Resistances

92,55 - 93,35

Supports

91,95 - 91,50

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