Currency Majors Technical Analysis

European Session

EUR/USD - Euro Dollar

1,3947. EUR USD is in a range between 1,3930 and 1,4150. The price is just above 1,3930 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3930 (17 pips). If the support breaks then the target will be 1,3790 (157 pips).

Resistances

1,4050 - 1,4150

Supports

1,3930 - 1,3790

GBP/USD - British Pound Dollar

1,6380. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,6300 / 1,6600 range. If the support breaks then the target will be 1,6150 (230 pips).

Resistances

1,6460 - 1,6625

Supports

1,6350 - 1,6230

USD/CHF - Dollar Swiss Franc

1,0827. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0650 / 1,0860 range.

Resistances

1,0860 - 1,0955

Supports

1,0745 - 1,0650

USD/CAD - US Dollar Canadian Dollar

1,1233. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1160 (73 pips). The uptrend should continue on 1,1295 resistance (62 pips).

Resistances

1,1250 - 1,1295

Supports

1,1160 - 1,1070

USD/JPY - Dollar Yen

98,38. USD JPY is in a range between 97,10 and 98,50. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 98,50 (12 pips). If the resistance breaks then the target will be 99,00 (62 pips).

Resistances

98,50 - 99,00

Supports

98,05 - 97,50

By Mataf