Daily Majors Analysis 06.02

EUR/USD

1,4645. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue. The price should find a support above 1,4620. If the support is broken then the target will be 1,4500 (150 pips).

Resistances
1,4700 - 1,4770

Supports
1,4620 - 1,4500



GBP/JPY

208,99. GBP JPY is in a range between 208,80 and 212,10. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 208,80. If the support is broken then the target will be 207,50.

Resistances
210,10 - 212,00

Supports
208,80 - 207,50



GBP/USD

1,9641. 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. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,9610. If the support is broken then the target will be 1,9400.

Resistances
1,9670 - 1,9780

Supports
1,9610 - 1,9550



USD/CAD

1,0071. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 0,9900 and 1,0090. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a resistance below 1,0990. The consolidation should continue. If the resistance is broken then the target will be 1,0200.

Resistances
1,0090 - 1,0130

Supports
1,0030 - 1,0010



USD/CHF

1,0978. USD CHF 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. The consolidation should continue. The price should find a resistance below 1,1050. We won't take a position.

Resistances
1,1050 - 1,1120

Supports
1,0970 - 1,0920

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