Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4494. EUR USD broke 1,4360 resistance. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4450 (44 pips). The uptrend should continue to gather momentum.

Resistances

1,4535 - 1,4580

Supports

1,4455 - 1,4360

GBP/USD - British Pound Dollar

1,6528. GBP USD broke 1,6445 resistance. GBP USD 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. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,6630 resistance (102 pips).

Resistances

1,6600 - 1,6630

Supports

1,6475 - 1,6445

USD/CHF - Dollar Swiss Franc

1,0462. USD CHF broke 1,0550 support. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0500 (38 pips). The downtrend should continue to gather momentum.

Resistances

1,0500 - 1,0550

Supports

1,0430 - 1,0390

USD/CAD - US Dollar Canadian Dollar

1,0777. USD CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,0845 - 1,0900

Supports

1,0750 - 1,0675

USD/JPY - Dollar Yen

92,31. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 92,00 (31 pips). If the support breaks then the target will be 91,50 (81 pips).

Resistances

92,50 - 92,80

Supports

92,00 - 91,50

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