Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,4709. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 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 continue to move in 1,4610 / 1,4765 range.

Resistances

1,4730 - 1,4765

Supports

1,4670 - 1,4610

GBP/USD - British Pound Dollar

1,6234. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6130 (104 pips). The consolidation should continue.

Resistances

1,6285 - 1,6400

Supports

1,6130 - 1,6075

USD/CHF - Dollar Swiss Franc

1,0297. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,0275 (22 pips). The consolidation should continue. If the support breaks then the target will be 1,0180 (117 pips).

Resistances

1,0330 - 1,0390

Supports

1,0275 - 1,0235

USD/CAD - US Dollar Canadian Dollar

1,0747. USD CAD is in an downtrend directed by daily exponential moving averages. USD CAD 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 bearish configuration. The price should find a resistance below 1,0800 (53 pips). The downtrend should continue on 1,0600 support (147 pips).

Resistances

1,0800 - 1,0855

Supports

1,0735 - 1,0595

USD/JPY - Dollar Yen

91,67. USD JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 91,50 support (17 pips). If the support breaks then the target will be 90,80 (87 pips).

Resistances

91,80 - 92,55

Supports

91,55 - 90,80

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