Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4545. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,4520 (25 pips). The consolidation should continue. If the support breaks then the target will be 1,4460 (85 pips).

Resistances

1,4560 - 1,4630

Supports

1,4520 - 1,4460

GBP/USD - British Pound Dollar

1,6616. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,6655 - 1,6745

Supports

1,6595 - 1,6475

USD/CHF - Dollar Swiss Franc

1,0392. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should continue to move in 1,0340 / 1,0430 range.

Resistances

1,0410 - 1,0430

Supports

1,0375 - 1,0340

USD/CAD - US Dollar Canadian Dollar

1,0843. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0870 (27 pips).

Resistances

1,0860 - 1,0880

Supports

1,0795 - 1,0730

USD/JPY - Dollar Yen

90,41. 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 tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 90,75 (34 pips). The downtrend should continue to gather momentum.

Resistances

90,75 - 91,00

Supports

90,20 - 90,00

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