Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4577. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. 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 1,4550 (27 pips). The uptrend should continue to gather momentum.

Resistances

1,4610 - 1,4670

Supports

1,4540 - 1,4460

GBP/USD - British Pound Dollar

1,6553. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,6600 - 1,6665

Supports

1,6445 - 1,6285

USD/CHF - Dollar Swiss Franc

1,0401. USD CHF is in an downtrend directed by 1H exponential moving averages. Bollinger bands are tightened. 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 1,0430 (29 pips). The downtrend should continue to gather momentum.

Resistances

1,0430 - 1,0500

Supports

1,0380 - 1,0325

USD/CAD - US Dollar Canadian Dollar

1,0785. USD CAD 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. The price should find a resistance below 1,0840 (55 pips). The downtrend should continue to gather momentum.

Resistances

1,0840 - 1,0890

Supports

1,0750 - 1,0675

USD/JPY - Dollar Yen

92,12. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 91,50 support (62 pips).

Resistances

92,25 - 92,60

Supports

91,65 - 91,50

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