Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4614. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4540 (74 pips). The uptrend should continue to gather momentum.

Resistances

1,4630 - 1,4670

Supports

1,4565 - 1,4515

GBP/USD - British Pound Dollar

1,6720. GBP 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. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum.

Resistances

1,6745 - 1,6815

Supports

1,6640 - 1,6475

USD/CHF - Dollar Swiss Franc

1,0356. USD CHF is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,0395 - 1,0430

Supports

1,0350 - 1,0300

USD/CAD - US Dollar Canadian Dollar

1,0756. USD CAD is in a range between 1,0745 and 1,0880. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum. The price should find a support above 1,0675 (81 pips).

Resistances

1,0810 - 1,0880

Supports

1,0745 - 1,0675

USD/JPY - Dollar Yen

91,17. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum.

Resistances

91,60 - 92,60

Supports

91,00 - 90,00

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