Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4728. 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. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4680 (48 pips). The uptrend should continue on 1,4790 resistance (62 pips).

Resistances

1,4740 - 1,4790

Supports

1,4695 - 1,4650

GBP/USD - British Pound Dollar

1,6496. GBP USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,6460 and 1,6520. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. If the support breaks then the target will be 1,6380 (116 pips).

Resistances

1,6535 - 1,6655

Supports

1,6460 - 1,6400

USD/CHF - Dollar Swiss Franc

1,0310. USD CHF 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. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue on 1,0260 support (50 pips).

Resistances

1,0330 - 1,0370

Supports

1,0290 - 1,0260

USD/CAD - US Dollar Canadian Dollar

1,0660. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,0685 (25 pips). The downtrend should continue to gather momentum.

Resistances

1,0685 - 1,0735

Supports

1,0645 - 1,0590

USD/JPY - Dollar Yen

91,13. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should continue to move in Bollinger bands.

Resistances

91,25 - 91,65

Supports

90,75 - 90,10

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