Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4337. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,4175 / 1,4380 range.

Resistances

1,4380 - 1,4450

Supports

1,4300 - 1,4175

GBP/USD - British Pound Dollar

1,6354. GBP USD is in a range between 1,6290 and 1,6450. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,6290 / 1,6445 range.

Resistances

1,6370 - 1,6445

Supports

1,6290 - 1,6115

USD/CHF - Dollar Swiss Franc

1,0595. USD CHF 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 bearish configuration. The price should continue to move in 1,0545 / 1,0640 range.

Resistances

1,0635 - 1,0710

Supports

1,0580 - 1,0530

USD/CAD - US Dollar Canadian Dollar

1,0783. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0800 (17 pips). The downtrend should continue to gather momentum.

Resistances

1,0830 - 1,0895

Supports

1,0730 - 1,0680

USD/JPY - Dollar Yen

92,77. USD JPY is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to move in 92,30 / 93,40 range.

Resistances

92,85 - 93,40

Supports

92,50 - 91,95

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