Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4681. EUR USD is in an uptrend supported 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 bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4660 (21 pips). The uptrend should continue to gather momentum.

Resistances

1,4700 - 1,4665

Supports

1,4650 - 1,4575

GBP/USD - British Pound Dollar

1,6473. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

1,6515 - 1,6660

Supports

1,6400 - 1,6375

USD/CHF - Dollar Swiss Franc

1,0334. 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 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 CHF. The downtrend should continue to gather momentum.

Resistances

1,0355 - 1,0425

Supports

1,0325 - 1,0300

USD/CAD - US Dollar Canadian Dollar

1,0707. USD CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 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.

Resistances

1,0740 - 1,0775

Supports

1,0705 - 1,0675

USD/JPY - Dollar Yen

90,61. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The consolidation should continue. The price should continue to move in 90,20 / 91,65 range.

Resistances

90,80 - 91,65

Supports

90,50 - 90,20

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