|
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in a consolidative mode, off fresh low at 1.2805, posted last Friday and ended Monday’s trading in a positive tone. Recovery rally is so far capped at 1.2880 zone, Fibonacci 38.2% of 1.3016/1.2805 descend / hourly linear regression channel upper line. Hourly studies are positively aligned and see potential for stronger correction above 1.2911, 50% retracement and pivotal 1.2930 zone, 61.8% / 03/07 low; 04/07 high. However, prevailing negative tone on 4-hour chart, sees the recovery limited for now. On the downside, 1.2800 zone offers initial support and guards key 1.2750 double-bottom and annual low. Res: 1.2911; 1.2935; 1.2966; 1.3000 Sup: 1.2845; 1.2805; 1.2795; 1.2780 GBPUSD Cable corrects recent losses that bottomed at 1.4856 last Friday, with basing attempt under way. Break above 1.4900 barrier, gives more credibility to the support, however, regain of minimum 1.5000 handle is required to signal ****, while confirmation requires extension to 1.5080, 50% retracement of 1.5303/1.4856 / 04/07 lower platform. Improved hourly studies are supportive for further recovery, while 4-hour indicators hold well in the negative territory and see limited upside prospect. Larger picture bears see scope for final push lower, to fully retrace larger 1.4830/1.5751 bull-phase, with break lower to target psychological 1.4800 support and 1.4793, Fibonacci 161.8% expansion of the down leg from 1.5751. Res: 1.5000; 1.5027; 1.5080; 1.5100 Sup: 1.4919; 1.4871; 1.4856; 1.4830 USDJPY Dollar/yen consolidates gains that peaked at 101.52, with pullback being so far contained 100.80 zone, daily cloud top / hourly 55 DMA. Overall positive tone keeps the upside in focus, with any further easing, expected to hold above psychological 100 support, to keep bulls intact. Upside targets remain at 101.52 and 102.00/56. Res: 101.52; 101.79; 102.00; 102.56 Sup: 100.84; 100.65; 100.40; 100.00 AUDUSD The pair remains within 0.9035/0.9179 consolidative range, as bears found ground at 0.9035 and price bounces. As recovery rally from 0.9035 extends above 0.9100 barrier, scope is seen for possible test of key short-term hurdle at 0.9179. Break here is required to confirm double-bottom formation and to spark stronger recovery above 0.9200. Positive hourly studies, with 4-hour indicators in heading north, support the notion. Downside should stay protected at 0.9100, to keep freshly established bulls in play. Res: 0.9179; 0.9200; 0.9225; 0.9252 Sup: 0.9100; 0.9081; 0.9035; 0.9000 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro ended Tuesday’s trading in red after breaking below 1.2795 support and posting fresh low at 1.2754, where weekly Ichimoku cloud **** contained dips, just ahead of key 1.2750/44 support. Eventual push below the latter that also marks multi-month platform, is required to complete weekly Head and Shoulders pattern that would trigger more significant losses, with round figure 1.2700 support and 1.2660, November 2012 low, seen as next targets. Consolidative actions may precede fresh weakness, as technical hold firm bearish tone, with 1.2800/50 zone expected to cap. Only lift above 1.29 barrier would ease immediate bear pressure. Res: 1.2800; 1.2850; 1.2880; 1.2900 Sup: 1.2777; 1.2754; 1.2744; 1.2700 GBPUSD Cable broke below the last obstacle at 1.4830, 12/03 low and posted fresh annual low on a dip to 1.4812 so far. Hesitation ahead of psychological 1.4800 support, is seen likely, with key barriers at 1.4980/1.5000 protecting the upside. Bearish resumption below 1.4800, sees no significant obstacles en-route towards 1.4345/1.4230, Jun / May 2010 lows and short-term targets. Res: 1.5910; 1.4980; 1.5000; 1.5057 Sup: 1.4919; 1.4871; 1.4856; 1.4830 USDJPY Sort-term structure weakened, as the price broke below 100.75, two-day consolidation range and cracked the next support at 100.40, 50% retracement of 99.25/101.52 upleg. Negative hourly studies keep the downside in focus, however, reversal above 100.00 support, would keep broader bulls in play for fresh attempt higher. Conversely, loss of 100 handle is expected to sideline bulls and allow for stronger correction. Res: 100.75; 101.00; 101.29; 101.52 Sup: 100.28; 100.00; 99.48; 99.25 AUDUSD The pair extended short-term recovery rally from 0.9035 **** after clearing previous strong barrier at 0.9179. Short-term price action gets congested at 0.9200 barrier, as the price fails to break higher and enters consolidative mode. Short-term bulls would remain intact while range bottom at 0.9130 zone holds and would look for further recovery towards 0.9250, 01/07 high and 0.9300, 50% of 0.9555/0.9035. Res: 0.9225; 0.9252; 0.9270; 0.9343 Sup: 0.9130; 0.9100; 0.9081; 0.9035 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro ended week in which the pair posted fresh 3-month low at 1.2754 and 3–week high at 1.3205. Price closed at 1.3069, 200DMA and near 50% retracement of entire 1.3414/1.2754 downleg, with downside being protected at 1.3000, psychological support and higher platform. Two day consolidation moves in a narrow range, following pullback from 1.3205 high, with hourly studies holding neutral tone. From the other side, positive 4-hour structure and formation on bullish pennant, suggests that bulls are in play and look for renewed attempt higher. Sustained break above 1.3100 is required to confirm and open key short-term barrier at 1.3205. Conversely, violation of 1.3000 **** and 1.2980, 50% retracement of 1.2754/1.3205 recovery rally, would soften the tone and increase downside risk. Res: 1.3121; 1.3146, 1.3205; 1.3260 Sup: 1.3000; 1.2980; 1.2926; 1.2900 GBPUSD Cable consolidates past week’s rally that commenced at 1.4812, fresh 3-year low and peaked at 1.5220, retracing over 38.2% of 1.5751/1.4812 descends. The price found **** at 1.5070/60 zone, reinforced by 4-hour 55DMA, but weak hourly studies keep the downside at risk. However, 4-hour structure remains positive, with price holding above 1.5060, would keep hopes of fresh strength above 1.5200/20 in play, for resumption of short-term recovery towards key 1.5282/1.5303 barriers. Res: 1.5130; 1.5170; 1.5200; 1.5220 Sup: 1.5074; 1.5060; 1.5000; 1.4979 USDJPY The pair trades in two-day consolidative range, off fresh low at 98.22, posted on 11/07, with 99.68 high being reached so far. Series of higher lows from 98.22, suggest further recovery, with notion being supported by Friday’s inside day candle and positively aligned hourly studies. Regain of minimum 100 level is required to confirm recovery, otherwise, fresh weakness would be triggered by still weak 4-hour studies and re-focus 98.22 support. Res: 99.68; 99.87; 100.00; 100.62 Sup: 99.00; 98.88; 98.56; 98.22 AUDUSD The Aussie remains under pressure, as last Friday’s fresh weakness dented psychological 0.9000 support and probed levels last time traded in Sep 2010. Weekly close above 0.9000 handle, sees potential for limited corrective action, as technicals turned negative, following last week’s recovery rejection at 0.93 zone and subsequent fall, signaling resumption of larger downtrend. Initial resistance lay at 0.9115/50, Fibonacci 38.2% and 50% of Thu/Fri fall from 0.9304, with key barrier at 0.9200, expected to cap stronger rallies. Fresh weakness below 0.9000, would open 0.8900, round figure support and 0.8888, Fibonacci 100% expansion of the downwave from 1.0581. Res: 0.9115; 0.9150; 0.9185; 0.9200 Sup: 0.9054; 0.9037; 0.8997; 0.8950 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in a prolonged consolidation, holding in a sideways mode, with price action being entrenched within 1.3000/80 range. Hourly studies are still neutral, as the price attempts through the range tops, while 4-hour technicals maintain bullish tone and see scope for fresh strength that needs to clear initial barriers at 1.3121/45, to open key resistance at 1.3205. Double hanging man candle on the daily chart, however, keeps the risk of fresh weakness, with slide below key support levels at 1.3000/1.2980 that keep the downside protected for now, required to bring bears in play. Res: 1.3100; 1.3121; 1.3145, 1.3205 Sup: 1.3050; 1.3000; 1.2980; 1.2926 GBPUSD Cable’s hourly studies remain neutral, despite the price dented initial support and range floor at 1.5060, on a dip to 1.5026, as quick recovery above 1.5100, brought the price back to the range. From the other side, 4-hour chart maintain positive, with fresh strength, still being in play. Monday’s Doji candle shows indecision and sees potential for prolonged consolidation, with break of either 1.5026 or 1.5130, required to signal fresh direction. Res: 1.5170; 1.5192; 1.5200; 1.5220 Sup: 1.5089; 1.5060; 1.5000; 1.4979 USDJPY The pair extended short-term recovery off 98.22 low, as the price initially broke above 99.68, consolidation range top and more important psychological 100 barrier. Fresh rally reached 100.47 so far, with corrective pullback being contained at 99.68, previous low / 55DMA. Positively aligned hourly studies keep the upside favored, with sustained break above 100 hurdle, expected to resume recovery and open key 101.52 barrier, 08/07 high. Conversely, downside risk would increase on a violation of initial 99.68 support, while loss of 99.00 handle will be bearish and shift focus towards 98.22 low. Res: 100.00; 100.47; 100.62; 101.00 Sup: 99.68; 99.34; 99.00; 98.87 AUDUSD The Aussie remains extends recovery rally from 0.8997 low, as break above 0.9115 congestion top triggered fresh strength to important 0.9200 resistance zone. Freshly established bulls on hourly chart are supportive for further recovery, with 4-hour chart indicators heading north and building up bullish momentum. However, clear break above 0.9200 hurdle is seen as minimum requirement to open way towards key barriers at 0.9304 and 0.9343, 11/07 high and 26/27/07 tops / near 50% of 0.9664/0.8997 descend. Only break above the latter would be signaling more significant corrective action, as larger picture bears remain fully in play. Res: 0.9200; 0.9232; 0.9252; 0.9304 Sup: 0.9145; 0.9115; 0.9085; 0.9034 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Bulls came back to play after the price broke above congestion tops at 1.3080. Fresh strength through initial barriers at 1.3121/45, opens way towards 1.3205, 11/07 peak, setting scope for further retracement of 1.3414/1.2754 downleg. Break above 1.3205 is required to open 1.3258, next target, Fibonacci 76.4% retracement and 21/06 high, seen as next target. Positive tone on lower timeframes studies and daily close above 200DMA, supports the notion, while previous resistances at 1.3100/1.3080 offer immediate support, while key support and breakpoint lies at 1.3000 higher platform. Res: 1.3173; 1.3205; 1.3258; 1.3300 Sup: 1.3125; 1.3100; 1.3080; 1.3050 GBPUSD The price bounced from short-term consolidation floor and cracked the upper boundary at 1.5140 zone, signaling possible extension higher and retest of key short-term hurdle at 1.5220. However, lack of momentum for final push higher, with hourly studies being overall neutral, would question short-term bulls. Failure to regain 1.5200/20 barriers, would signal prolonged sideways trading. Initial support at 1.5100 holds for now, while more downside risk would be seen on violation of range floor at 1.5030 zone. Res: 1.5142; 1.5167; 1.5192; 1.5220 Sup: 1.5100; 1.5075; 1.5056; 1.5043 USDJPY The pair remains under pressure, following Monday’s rejection at 100.47 and subsequent reversal that dented 99.00 support. Further extension of downmove from 100.47 would threaten 98.22, 11/07 low and psychological 98.00 support, reinforced by 100DMA, as short-term indicators hold in the negative territory and keep the downside favored. Corrective rallies are expected to stay under 100.47 high. Res: 99.53; 100.00; 100.47; 100.62 Sup: 99.00; 98.88; 98.56; 98.22 AUDUSD The pair returned to strength and extended short-term recovery rally from 0.8997 low, with eventual break above 0.9200 barrier, seeing scope for further gains and full retracement of 0.9304/0.8997 downleg. Positive short-term technicals support the notion, however, consolidative/corrective action on overbought hourly studies, may delay bulls, with dips to be ideally contained at 0.9160 zone, 38.2% retracement of 0.8997/0.9259 rally / 20/55DMA bullish crossover. Key upside barriers lay at 0.9304/43 and break here is required to spark stronger correction and sideline broader bars. Res: 0.9237; 0.9259; 0.9304; 0.9343 Sup: 0.9200; 0.9160; 0.9120; 0.9085 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Positive sentiment, established on a break above 1.3070/1.3100 barriers, 200DMA / daily Ichimoku cloud top is fading, as the price slides again below 1.3100 handle. The rally stalled at 1.3175 zone, lacking momentum for final push to 1.3205 high, break of which to resume rally from 1.2754. Studies are mixed, with 4-hour chart structure remaining positive, while hourly studies weakened, as the price probes below 1.3100 support. Losing 1.3100/1.3070 support zone would further weaken the structure and open way towards key support and higher platform at 1.3000. Res: 1.3158; 1.3176; 1.3205; 1.3258 Sup: 1.3080; 1.3050; 1.3000, 1.2980 GBPUSD Cable ended Wednesday’s choppy trading around 1.5200 handle, after strong rally through 1.5220 barrier reached 1.5266, where 100DMA capped the rally. Failure to regain key 1.5304 barrier, keeps the price action in a consolidative mode, with fresh probe under 1.5200, looking for support at 1.5150/00 zone, to keep positive tone in play, as 4-hour studies are positive. Only break below higher platform at 1.5030, would neutralize short-term bulls. Res: 1.5200; 1.5242; 1.5266; 1.5304 Sup: 1.5152; 1.5100; 1.5075; 1.5043 USDJPY The pair regained strength and broke above Wednesday’s congestion and triangle resistance at 99.80 zone. Fresh gains through psychological 100 barrier, bring bulls in play for retest of key 100.47 resistance, break of which to resume short-term rally from 98.22 low. Short-term technicals are supportive for further gains, with initial support at 99.50, ahead of bull trendline at 99.15 and 99.00/98.88, below which bears would take control. Res: 100.47; 100.62; 101.00; 101.29 Sup: 99.90; 99.50; 99.15; 99.00 AUDUSD The pair broke below yesterday’s range floor at 0.9190, weakening the near-term structure after upside rejection on approach to strong 0.9304 barrier. Weak hourly studies see potential for further corrective easing off yesterday’s 0.9290 high, with 0.9140, 50% retracement of 0.8997/0.9290, seen as immediate target. Larger picture range, however, remains intact, with positive 4-hour structure still seeing scope for attempt at 0.9304, range top, break of which would trigger stronger corrective action and open 0.9343/0.9400. Conversely, loss of 0.9140/00 supports, would open 0.9000 zone for retest. Res: 0.9200; 0.9250; 0.9290; 0.9304 Sup: 0.9140; 0.9100; 0.9085; 0.9034 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro ended week in the positive territory, closing at 1.3142, just ahead of double-Fibonacci barriers at 1.3155/60 (76.4% of 1.3205/1.2992 / 61.8% of 1.3414/1.2754) / bear-trendline drawn off 1.3205 and weekly high at 1.3176, the last obstacle en-route to 1.3205, 11/07 high and short-term 1.3205/1.3000 range top. Short-term studies are positively aligned, as the pair is in ascending mode off 1.3066, weekly low, with bull trendline, drawn off the latter, offering initial support at 1.3115. Clearance of Fibonacci / trendline barriers, as well as 1.3176 lower top, is looking for test of key 1.3205 barrier. Daily studies are gaining momentum, with price action being well supported by 200DMA at 1.3075, with downside risk towards 1.3000 range floor, expected to increase on a violation of 1.3075/66 support zone. Res: 1.3168; 1.3176; 1.3205; 1.3258 Sup: 1.3126; 1.3100; 1.3065; 1.3000 GBPUSD Cable closed for the week near pivotal 1.5282/1.5304 resistance zone, 50% retracement of 1.5751/1.4812 descend and 03/07 high / 55DMA, after denting 100DMA at 1.5263. Hourly and 4h structure is positive and supports final attempt through 1.53 barrier, to resume broader corrective rally off 1.4812, 09/07 low and expose next barriers at 1.5372, daily Ichimoku cloud **** and psychological 1.5400, near Fibonacci 61.8% retracement. Bull trendline connecting 1.4812/1.5045/1.5076 low, offers support at 1.5220, along with the pervious peak of 11/07, while slide below 1.5150 would sideline bulls. Key short-term support lies at 1.5040 higher platform. Res: 1.5296; 1.5304; 1.5342; 1.5372 Sup: 1.5237; 1.5200; 1.5157; 1.5100 USDJPY The pair remains steady, as the price broke and closed above 100 barrier on Thursday. Clearance of previous high of 15/07 at 100.47 and regain of 10/07 high at 100.62, sees scope for fresh attempt through psychological 101.00 resistance, towards key barrier at 101.52, 08/07 high. Corrective pullback, triggered by overbought hourly studies, was for now contained at 99.60, Fibonacci 61.8% of 98.88/100.85 upleg. Positive 4-hour studies keep the upside favored, with price required to hold above 100 support to keep focus higher. Corrective pullback, triggered by overbought hourly studies, was for now contained at 99.60, Fibonacci 61.8% of 98.88/100.85 upleg. Res: 100.47; 100.61; 100.85; 101.00 Sup:99.63; 99.28; 99.00, 98.88 AUDUSD The pair remains in a consolidative range of 0.9000/0.9300, with weekly close occurring in the upper area of the range and lower timeframes studies being positively aligned. Overall bear-trend, however, remains in play and sees the resumption lower, once break below 0.9000 signals completion of consolidative phase. Only clear break above 0.9300 barrier would signal basing attempt and allow for stronger corrective action. Res: 0.9235; 0.9250; 0.9290; 0.9304 Sup: 0.9200; 0.9173, 0.9136; 0.9109 GOLD Spot Gold ended week with positive tone, after testing both boundaries of short-term range, with recovery off 1267 range low, closing just under strong 1300 barrier, range top / 50% retracement of 1423/1180 descend and bear-trendline, drawn off 1588, 10/04 high. Positive tone dominating on short-term studies, pushed the price for final break above 1300 barrier, with acceleration higher clearing initial 1321 target. Upside is now seen favored and price is looking for 1330, Fibonacci 61.8% of 1423/1180 descend and 1338, 19/05 low. Overbought conditions on lower timeframes studies suggest corrective pullback would precede fresh rally, with previous key barrier at 1300, now acting as key support and expected to contain corrective dips. Res: 1322; 1338; 1354; 1365 Sup: 1310; 1300; 1288; 1282 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains well supported, as the price continues to channel higher and approaches next target at 1.3300, with weekly close just under the barrier. Friday’s Doji would signal further consolidation, before the price resumes larger rally that commenced from 1.2754, 09/07 low and targets 1.3414, 18/19 / 06 peaks. Positive technicals remains supportive for final push higher, with 1.3250/00 zone offering initial support and expected to protect the downside. Res: 1.3300; 1.3325; 1.3400; 1.3414 Sup: 1.3250; 1.3220; 1.3200; 1.3164 GBPUSD Cable ended Friday’s trade with Doji candle, as the price moved within 1.5350/80 consolidative range. However, positive tone dominates on lower timeframes studies and favors further upside. Clear break above 1.5400 barrier that was cracked on spike to 1.5433, is required to open 1.5476, 26/06 high and psychological 1.5500 barrier. Positively aligned daily studies are supportive, with Friday’s low at 1.5354, reinforced by 20DMA, offering initial support, ahead of psychological 1.5300 handle. Only loss of last week lows at 1.5262, would delay bulls. Res: 1.5402; 1.5433; 1.5476; 1.5489 Sup: 1.5350; 1.5327; 1.5300; 1.5262 USDJPY The Dollar/yen ended week in red, after repeated failure to hold gains above psychological 100 level, triggered fresh weakness. Friday’s extension lower that broke below 98.22, previous low, probed below 98.00 support. This completed daily failure swing and opens way for broader weakness. Break below important supports at 97.65/58, 50% retracement of 93.78/101.52 ascend / daily Ichimoku cloud ****, is required to confirm bearish resumption from 101.52 and 100.85 highs and open 97.00, round-figure support and 96.74, Fibonacci 61.8% retracement, as daily indicators are attempting below their midlines. Negative tone prevails on lower timeframes, with the downside being favored, however, bears may be interrupted by corrective rally on oversold conditions. Res: 98.33; 98.70; 99.00; 99.38 Sup: 97.62; 97.22; 96.95; 96.74 AUDUSD The pair ended week during which the pair tested both, 0.9000/0.9300 near-term range borders, with positive tone prevailing on a bounce towards the upper boundary. Friday’s trading was seen as consolidation under the range top, as the price held above 0.9200 support. Positively aligned short-term studies keep the upside focused, with clearance of 0.9316/43 barriers, required to confirm bottom and commence recovery phase. Conversely, repeated upside rejection would signal further sideways trading and increase downside risk, if price falls below 0.9200/0.9150, Fibonacci 38.2% / 50% of 0.8997/0.9316 range. Res: 0.9286; 0.9316; 0.9343; 0.9400 Sup: 0.9226; 0.9200; 0.9167; 0.9127 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in extended consolidative phase, confirmed by Tuesday’s Doji, with the price action holding above bull-trendline, off 1.2992 and dips being contained at 50% of 1.3164/1.3300 upleg. Tuesday’s test of 1.3300 barrier keeps the upside favored, with positive 4-hour studies supporting the notion. Clearance of range top at 1.3300 is required to signal resumption of larger uptrend from 1.2754 and expose short-term target at 1.3414. Conversely, extension below 1.3233 range floor, would delay bulls, while loss of 1.3200/1.3164 supports would neutralize short-term bulls. Res: 1.3271; 1.3300; 1.3325; 1.3400 Sup: 1.3233; 1.3216; 1.3200; 1.3164 GBPUSD Cable accelerated lower after repeated failures at near-term range tops at 1.5400 zone. Completion of daily diamond reversal pattern and loss of initial support and range floor at 1.5262, signals increased downside risk. The fall dented 11/07 high at 1.5220, bringing important support at 1.5200, Fibonacci 38.2% of 1.4812/1.5433, in focus. Break lower to signal near-term top and allow for deeper reversal towards 1.5122, 50% retracement and 1.5100, round figure support. Negative near-term studies favor further downside, with corrective rallies on oversold conditions to be ideally capped under 1.5350 barrier. Res: 1.5249; 1.5262; 1.5300; 1.5327 Sup: 1.5200; 1.5157; 1.5122; 1.5100 USDJPY The pair trades in near-term consolidative mode off 97.60 support zone, where 50% retracement of 93.78/101.52 and daily Ichimoku cloud ****, offered temporary support for the fall from 100.44, 25/07 high. Sideways mode is confirmed by double-Doji candle. Negative tone prevails on 4-hour studies and sees current consolidation preceding fresh leg lower, as strong bearish signal was given on a completion of Head and Shoulders pattern on 4-hour chart and daily failure swing. Break below 97.60 to open round figure support at 97.00 and 96.74, Fibonacci 61.8% retracement. Only extension through initial barrier at 98.45, 100DMA, would provide near-term relief and give initial signal of stronger recovery. Res: 98.15; 98.45; 98.70; 99.00 Sup: 97.62; 97.22; 96.95; 96.74 AUDUSD The Aussie came under increased pressure on Tuesday, as downside acceleration was triggered on a break below previous low at 0.9127 and psychological 0.9100 support. Completion of 0.8997/0.9316 corrective phase is seen as likely scenario, as the price approaches key support at 0.8997, 12/07 fresh low, break of which to commence fresh bear-leg, as a part of larger downtrend. Hesitation ahead of 0.8997 support, may be triggered by oversold near-term studies, while regain of 0.9157, range’s midpoint, would avert downside risk and signal prolonged sideways trading. Res: 0.9100; 0.9127; 0.9175; 0.9200 Sup: 0.9011; 0.8997; 0.8900; 0.8861 GOLD Spot Gold showed no changes in Tuesday’s trading, compared to previous sessions, as near-term 1308/40 range remains intact. Price action oscillates around range’s mid-point at 1324. Near-term studies hold neutral tone, as the price remains in sideways mode. However, positive daily studies keep the upside in focus, with completion of bullish pennant and extension above 1347 peak, required to resume larger rally from 1180 low. Alternative scenario sees loss of 1308/00 support zone to bring bears in play. Res: 1340; 1347; 1355; 1366 Sup: 1330; 1324; 1317; 1313 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EUR/USD The pair currently lacks a trend on the H1 chart with range trading between 1.3300 and 1.3230, this range was further narrowed during the Asian session. This lack of trend makes it difficult to get any good signals from our technical indicators. The outlook remains as before, if we see a break above 1.3300 then this will open the way for 31st July high 1.3345, while a drop below 1.3230 makes leaves the next support at 1.3190 (low of 1st & 2nd of July). USD Trade balance at 12:30pm GMT is the figure to monitor today with the deficit expected to decrease from 45B to 43.1B Res: 1.3415, 1.3380 1.3345, 1.3300 Sup: 1.3230, 1.3190, 1.3165, 1.3145 GBP/USD Better than expected UK Services PMI caused the sterling to jump 40 pips breaking resistances and finally setting the daily high at 1.5375, which we will take as today’s resistance. Since then it retraced finding support at 1.5315. If it manages to hold above this level, then the outlook remains bullish with key target at 1.5430, the previous uptrend high reached on 25th of July UK Manufacturing Production m/m is at 8:30am GMT with expectation of 0.9% much higher than the previous -0.8% Res: 1.5530, 1.5475, 1.5430, 1.5375 Sup: 1.5315, 1.5250, 1.5180, 1.5100 USD/JPY Yen continues its fall breaking 98.27 support (previous low), the current downtrend on the H1 chart is from 99.93 (2nd Aug) to today’s low 97.82. Currently it’s still in retracement mode rising more than 65 pips to currently trade near 98.50. The biggest barrier to the current downtrend would be 97.60, a support it failed to break many times during 31st Jul to 1st Aug sessions and that ended the previous downtrend. Res: 100.40, 100.00, 99.15, 98.80 Sup: 97.82, 97.60, 97.20, 97.00 AUD/USD Australia’s currency rose against the U.S. dollar breaking 0.8950 resistance switching the outlook from bearish to bullish and making key psychological level 0.9000 the next target of the bulls. Since hitting a 3 year low at 0.8845, the Aussie has regained 145 pips. Australia's central bank cut its main cash rate by a quarter point to a record low of 2.5 percent on Tuesday as it tries to prepare the economy for life after the mining boom. A move already factored in the market Res: 0.9100, 0.9075, 0.9045, 0.9000 Sup: 0.8845, 0.8810, 0.8760, 0.8620 Gold Gold falls back below 1300 support and looks heading towards 2nd of August low 1283. This came after it twice failed rise above 1320. Currently it’s trading below both moving averages 20 & 55 with RSI also showing clear downward trend line on the H1 chart. Gold prices have been steadily dropping since the 23rd of July from 1348 The decline comes as investors wrestle with uncertainty about the Federal Reserve’s timeline for reducing the flow of monetary stimulus. Res: 1365, 1348, 1331, 1320 Sup: 1283, 1270, 1260, 1243 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EUR/USD Finally EURUSD manages to achieve a daily high yesterday above 1.3300 resistance reaching 1.3323. Since then it retraced 45 pips to 1.3280. The outlook remains bullish as long as trading is maintained above 1.3230 with key target 1.3345 in sight (31 July high). The pair is supported after a round of upbeat economic data including a climb in German manufacturing orders in June and a narrower contraction in Italy’s GDP in the 2nd quarter Res: 1.3415, 1.3380 1.3345, 1.3320 Sup: 1.3230, 1.3190, 1.3165, 1.3145 GBP/USD With multiple attempts by the cable to continue its uptrend, it managed to achieve a new high of 1.5390, however we didn’t see candles close above 1.5375 resistances on the H1 chart to consider it broken so the resistance level still holds. Prices did drop after that to 1.5315 and found support there as was expected At 09:30 am GMT Bank of England Governor will hold a press conference along with the release of the Inflation Report Res: 1.5530, 1.5475, 1.5430, 1.5375 Sup: 1.5315, 1.5250, 1.5180, 1.5100 USD/JPY Sharp moves on the Yen breaking 3 supports during yesterdays and today’s trading. The 130 pip drop broke supports 97.82, 97.60, and 97.20 to achieve a low at 97.08. They key support it managed to break was 97.60 which it failed to do multiple times to do during 29th – 31st July period. Currently it’s trading at lowest price since 25th Jun Asian stock markets traded broadly lower Wednesday after overnight losses in the U.S. on monetary-policy concerns, with Japan taking an especially heavy hit from gains for the yen Res: 100.00, 99.15, 98.80, 98.15 Sup: 96.80, 96.20, 95.75, 94.80 AUD/USD We see a triple top at key psychological resistance level 0.9000 proving itself a difficult barrier for the current uptrend on the H1 chart. This failure rise caused the RSI to form a downward trend line indicating a loss of buying momentum. However prices are still above 55 moving average and daily pivot point 0.8900 The Aussie on Tuesday briefly fell after the Reserve Bank of Australia cut its key interest rate by a quarter-percentage point to 2.5%, but it bounced off intraday lows, with some analysts saying the bank’s statement carried a less-dovish tone Res: 0.9100, 0.9075, 0.9045, 0.9000 Sup: 0.8900, 0.8845, 0.8810, 0.8760, Gold The break of 1283 support indicated the strength of the current downtrend from 1348 (24th July) to current low of 1273. This leaves 1270 and 1260 targets within reach. Gold prices extended declines into a seventh consecutive day today as the outlook for US Fed monetary-stimulus tapering strengthened. Res: 1348, 1331, 1320, 1300 Sup: 1270, 1260, 1250, 1243 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EUR/USD We do see a reversal pattern for the current uptrend on the EURUSD. The pair made a double top near the resistance level 1.3400 before continuing to drop dropping 80 pips. On the HI chart we can safely say the uptrend ended as we trading is currently below the 55 period exponential moving average. U.S. data due out this week include retail sales and housing starts for July. Also, Atlanta Federal Reserve Bank President Dennis Lockhart and St. Louis Fed President James Bullard are each scheduled to speak Res: 1.3435, 1.3415, 1.3400, 1.3365 Sup: 1.3290, 1.3265, 1.3220, 1.3200 GBP/USD As the euro, we see a double top reversal pattern for the cable near the 1.5570 area and a subsequent drop of 80 pips. However it’s preferable to wait for a candle close or two below 1.5480 supports to confirm the current uptrend reversal. The importance of 1.5480 is because we find a 8th of August low and the 55 exponential moving average at this level. Among the important figures this week for the UK include Inflation data on Tuesday and unemployment data on Wednesday Res: 1.5730, 1.5675, 1.5600, 1.5570 Sup: 1.5480, 1.5385, .1.5300, 1.5200 USD/JPY The previous low for the current downtrend is at 97.75, the fact that Yen failed to drop to the same level making a higher low at 95.90 is considered a bad sign for the downtrend. A rise above 97.00 would confirm a complete reversal which doesn’t seem far off now as its currently trading close to that level The U.S. dollar rise against the Japanese yen arrived after Japanese economic growth figures came in weaker than projected after Japan’s Cabinet Office said the economy grew an annualized 2.6% in the April-June period, sharply slower than first-quarter expansion of 4.1% Res: 98.55, 98.15, 97.80, 97.35 Sup: 95.75, 95.15, 94.70, 93.55 AUD/USD We also see the strength of the dollar against the Aussie. A double top near 0.9200 shows a pause in the current uptrend and we are monitoring if it will hold below 0.9170 support (previous low) which if it does would be another sign of a reversal as a lower low Over the week the Aussie could see a run towards July highs above 0.9300, given the RBA’s likely steady hand in Sep, rising commodity prices and stretched spec positioning Res: 0.9316, 0.9300, 0.9240, 0.9200 Sup: 0.9100, 0.9050, 0.9000, 0.8971 Gold Currently testing 1331 resistance, this could has been rising the past 4 sessions ever since hitting a low of 1270, with the sharpest gains during the 8th of August (25 dollar rise) and today (17 dollar rise so far). The advance comes as heavyweight gold exchange-traded fund logged its first increase in holdings since June. Higher-than-expected import growth in China indicates a domestic-demand recovery, which will bode well for gold demand Res: 1376, 1360, 1348, 1331 Sup: 1300, 1288, 1270, 1264 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/goldh1_20130812081010.png[/IMG] |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EUR/USD The euro fails to drop to yesterdays low 1.3276 making a higher low today at 1.3290. Since then it went up to 1.3315. This a reversal signal for the current downtrend from 1.3400 to 1.3276. We will change our outlook to bullish only if we see it trading go back above 1.3345 opening the way for 1.3365 Today we have Euro zone German ZEW Economic Sentiment at 09:00 GMT. German analyst and investor sentiment dropped unexpectedly in July, reaching 36.3 from 38.5 in June, contrary to predictions for a 39.6 climb. Analysts believe the slowdown in China was the major cause for this decline, endangering Germany’s export-driven economy. Investor’s climate is expected to reach 40.3 this time Res: 1.3415, 1.3400, 1.3345, 1.3315 Sup: 1.3285, 1.3265, 1.3220, 1.3200 GBP/USD The cable broke 1.5480 support reaching 15444. This we mentioned before would confirm the reversal of the previous uptrend on the H1 chart. This leaves the next bearish targets at 1.5385 and 1.5300. Only a rise back above 1.5520 would renew our bullish outlook. 8:30 GMT we have UK Inflation data, British inflation surged in June to the highest level in more than a year, reaching 2.9% after registering a 2.7% rise in May. However the increase was less than the 3.0% climb predicted by analysts Res: 1.5730, 1.5680, 1.5600, 1.5555 Sup: 1.5440, 1.5385, 1.5300, 1.5200 USD/JPY Yen successfully achieves a new high for the H1 chart uptrend breaking 97.35 and reaching 97.55. This leaves the next target at 97.80. The previous two days saw big gains completely reversing the previous downtrend with a rise of almost 160 pips. The yen losing ground after the Nikkei newspaper reported that Japan’s Prime Minister Shinzo Abe may propose reducing corporate taxes to offset pressure on growth from a planned increase in the national consumption tax Res: 99.15, 98.60, 98.15, 97.80 Sup: 96.40, 95.75, 95.15, 94.70 AUD/USD The AUDUSD is in a downtrend on the H1 chart ever since making a double top near 0.9200 resistance continuing its fall to drop below the 33 exponential moving average and to trade outside the previous upward channel. However it did manage to find support at key level 0.9100. Analysts at NAB assessed, “We see GDP growth softening to 2.2% in 2013, before rising to 2.6% in 2014, and a significant deterioration in the labour market is expected this year (unemployment above 6%) and next. Our forecasts have been revised a touch lower – with downside risks building. When combined with still low inflation, we expect another RBA cut, probably in November, and more cuts may follow. We remain a touch more bearish than recently revised (down) forecasts from the Government and the RBA”. Res: 0.9316, 0.9300, 0.9240, 0.9200 Sup: 0.9100, 0.9050, 0.9000, 0.8920 Gold We saw Gold break 1331 resistance yesterday to achieve a new top for the uptrend at 1343. Since then Gold seesawed between minor gains and losses Tuesday, with strength in the U.S. dollar serving as a headwind ahead of U.S. retail-sales data that may support the Federal Reserve’s plan to start tapering monetary stimulus. We can also notice that the 1331 resistance turned from a resistance to a support as we can see from today’s low Res: 1376, 1368, 1360, 1348 Sup: 1316, 1300, 1288, 1270 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Euro’s weekly close level was barely changed, compared to the previous week’s close, despite wide price amplitude during past sessions. Daily chart shows the price action entrenched within 200-pips consolidation, capped for now at 1.3400 zone, with daily technicals being positively aligned. Positive tone also prevails on 4-hour chart that keeps the upside focused, following last week’s sharp fall and quick recovery the reached levels close to the range top. Clearance of key 1.3399/1.3414 barriers is expected to trigger fresh phase higher, as resumption of larger uptrend from 1.2754, 09/07 low. From the other side, bulls may be delayed by weakening hourly studies, with corrective easing seen preceding fresh rally. Initial support lies at 1.3300, 50% of 1.3187/1.3399 range, while violation of range floor at 1.3187 will be bearish. Res: 1.3342; 1.3379; 1.3399; 1.3414 Sup: 1.3300; 1.3272; 1.3260; 1.3232 GBPUSD Cable remains in an uptrend from 1.4812 low, with near-term price action being in a consolidative mode off 1.5655, fresh 2-month high, posted last week. Weekly close above 1.5600 handle and positively aligned near-term studies keep the upside in focus for eventual push through psychological 1.5700 barrier, to open way for full retracement of 1.5751/1.4812 downleg. Previous peak at 1.5573 offers initial support, ahead of psychological 1.5500 level and key near-term support and higher platform at 1.5420. Res: 1.5655; 1.5700; 1.5721; 1.5751 Sup: 1.5600; 1.5573; 1.5538; 1.5500 USDJPY Near-term structure remains weak, as corrective bounce off 97.04, last Friday’s low, remains congested at 97.80, near 50% of 98.64/97.04 downleg. Failure to clear psychological 98.00 barrier as initial resistance, would risk further downside, as a part of broader weakness from 101.52 high that is maintained by bear-trendline, currently standing at 99.20. Break below 97.00 handle would open key near-term support at 95.78, 08/08 low. Res: 97.84; 98.03; 98.64; 98.75 Sup: 97.34; 97.18; 97.00; 96.40 AUDUSD The Aussie dollar maintains positive near-term tone and cracks the upper boundary of one-week consolidation range at 0.9220, as a part of larger recovery rally from 0.8846, 05/08 low. Positively aligned studies on lower timeframes keep focus at the upside, with 0.9240, daily Ichimoku cloud ****, seen as the next barrier. Break here to complete daily cup ad holder reversal pattern and open key short-term hurdles at 0.9316/43, also 50% of 0.9790/0.8846 descend, for possible stronger recovery of larger downtrend. Alternative scenario sees risk of upside rejection at 0.9220 and double-top formation that requires confirmation on a break below 0.9080/60 supports. Res: 0.9240; 0.9255; 0.9316; 0.9343 Sup: 0.9167; 0.9140; 0.9123; 0.9072 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in extended consolidative phase, holding the sideways mode, with price action being entrenched within 1.3310/1.3379 range. Neutral tone prevails on hourly chart, while 4-hour studies maintain positive tone and keep the upside focused for final push towards 1.3399, larger 1.3187/1.3399 range top. Break here and another significant barrier at 1.3414, 16/06 peak, to confirm weekly triple-bottom pattern at 1.2800/1.2750 zone, where weekly Ichimoku cloud **** contained dips and kept the downside protected. Completion of the pattern is expected to open next target at 1.3710, 01/02 peak, in the short-term. Immediate support at 1.3300, higher platform zone, reinforced by 4-hour 55DMA, is expected to hold the downside and keep bulls in play. Res: 1.3355; 1.3379; 1.3399; 1.3414 Sup: 1.3300; 1.3272; 1.3260; 1.3232 GBPUSD Cable continues to trend higher and posted marginally fresh high at 1.5672 on Monday, vs Friday’s 1.5655 peak. Positively aligned near and short-term technicals remain supportive for eventual attempt towards key short-term barrier and target at 1.5751,17/06 high, with interim hurdles at 1.5700, round figure and 1.5721, Fibonacci 100% expansion of the third wave of larger upleg from 1.4812 that commenced from 1.5100 higher low. The wave could travel to 1.5958, its 138.2% expansion, once 1.5751 barrier is cleared that will also confirm formation of double-bottom at 1.4830/12 lows. Previous consolidation bottom at 1.5600, offers initial support, along with former high at 1.5573, with key-near-term support, laying at 1.5420 higher platform. Res: 1.5672; 1.5700; 1.5721; 1.5751 Sup: 1.5607; 1.5576; 1.5538; 1.5517 USDJPY Near-term recovery rally off 97.04 low has lost traction after failing to hold gains above psychological 98.00 barrier. Rally stalled at 98.11, with subsequent pullback retracing 61.8% of 97.04/98.11 upleg. Weakened near-term studies increase downside risk, with acceleration seen on violation of 97.28, 55DMA and 97.04 support. Conversely, regain of 98.64, 15/08 high, is required to shift focus higher and expose trendline resistance at 99.20. Res: 97.84; 98.11; 98.64; 98.75 Sup: 97.18; 97.00; 96.40; 96.00 AUDUSD The Aussie dollar came under increased pressure, as failure to clear 0.9220/40 barriers, previous high / daily Cloud ****, triggered fresh weakness that accelerated on a break below 0.9100/0.9057 support zone. Hourly studies are deep in negative territory, with 4-hour indicators breaking below the midlines that keep the downside in near-term focus, as the fall so far reversed 50% of 0.8846/0.9232 upleg. Formation of double-top at 0.9220/32 increases downside risk, with loss of psychological 0.9000 support, required to confirm and expose lower targets at 0.8900/0.8846. Res: 0.9057; 0.9100; 0.9188; 0.9200 Sup: 0.9000; 0.8971; 0.8918; 0.8900 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro completed two-month cycle and fully retraced 1.3414/1.2754 downleg on break above 1.3414, 16/06 high. Extension higher also confirms formation of triple-bottom, seen on a weekly chart that signals further gains. Daily close above psychological 1.3400 level and previous high at 1.3414, along with positive near-term studies, supports the notion. Next targets lay at 1.3482, Fibonacci 76.4% retracement of larger 1.3710/1.2744 descend and 1.3500, round figure. Overbought conditions of lower timeframes, however, suggest that consolidative/corrective action may precede fresh gains. Initial supports lay at 1.3400/1.3375, while higher platform and pivotal support at 1.3310, should hold any deeper dips. Res: 1.3450; 1.3482; 1.3500; 1.3518 Sup: 1.3400; 1.3380; 1.3356; 1.3310 GBPUSD Cable remains in a steady uptrend, posting series of higher highs and approached psychological 1.5700 barrier. Break here opens the last obstacle en-route to key support at 1.5751, 17/06 high, at 1.5721, 1.5721, Fibonacci 100% expansion of the wave from 1.5100. Technicals on lower and larger timeframes hold positive tone and remain supportive, as clearance of 1.5751 is required to confirm 1.4830/12 double-bottom formation and signals further upside. Initial supports lay at 1.5600 higher platform and 1.5573, 08/08 previous high. Res: 1.5700; 1.5721; 1.5751; 1.5800 Sup: 1.5648; 1.5627; 1.5607; 1.5576 USDJPY The pair extended near-term downtrend from 98.64 high, with important support at 97.00 being cracked. Fresh weakness tested 96.90, Fibonacci 61.8% retracement of 95.78/98.64 rally, increasing downside risk towards key support at 95.78, 08/08 low. Negatively aligned near-term studies support the notion. Daily close above 97.00 handle, sees scope for corrective action, with rallies expected to be capped under 97.85 peak, to keep the structure intact. Res: 97.85; 98.11; 98.64; 98.75 Sup: 97.13; 96.90; 96.40; 96.00 AUDUSD The Aussie dollar came under increased pressure, following double-failure at 0.9220/32, where double-top has been formed. Subsequent pullback that broke below near-term **** at 0.9060 zone, retraced over 50% of 0.8846/0.9232 upleg, with further weakness seen likely, as near-term studies remain negative. With 0.9100 barrier capping, fresh extension below 0.9100, round figure support and near Fibonacci 61.8% retracement, would look for test of interim supports at 0.8918/00, en-route towards key near-term support at 0.8846, 05/08 low. Alternative scenario requires regain of minimum 0.9130/50, Fibonacci 50% / 61.8% of 0.9232/0.9026 descend, to avert immediate downside risk. Res: 0.9057; 0.9100; 0.9131; 0.9200 Sup: 0.9017; 0.9000; 0.8971; 0.8918 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro came under increased pressure, following release of dollar supportive FOMC minutes. The pair extended pullback from Tuesday’s fresh high at 1.3450, retracing 50% of 1.3205/1.3450 ascend on a dip to 1.3330 support, reinforced by 55DMA, where temporary footstep was found. Negative hourly studies keep the downside at risk, as the price loses momentum, with violation of higher platform at 1.33 zone, expected to sideline larger bulls and trigger further weakness. Conversely, bounce above initial 1.3400 barrier, is required to neutralize bears in favor of fresh attempt at 1.3450 peak. Res: 1.3373; 1.3400; 1.3427; 1.3450 Sup: 1.3330; 1.3310; 1.3263; 1.3232 GBPUSD Cable eases after cracking psychological 1.57 resistance and posting fresh high at 1.5716. Near-term targets at 1.5421, 100% Fibonacci expansion of the wave from 1.5100 and key 1.5751 barrier, 17/06 peak, remain in focus, as current pullback could be described as corrective, as long as key support and pivotal point at 1.5400 stays intact. Four-hour chart technicals are still positive, however, negative tone on hourly studies, keeps the downside risk in play, with penetration through initial 1.5600/1.5575 supports, to signal deeper pullback. Res: 1.5627; 1.5650; 1.5700; 1.5716 Sup: 1.5576; 1.5500; 1.5480; 1.5420 USDJPY The pair extended recovery rally from 96.90 low and broke above 98.00 barrier, 61.8% of 98.64/96.90 downleg. Improved hourly conditions see potential for extension towards key near-term barrier at 98.64, 15/08 high. Positive near-term studies support the notion, however, regain of 98.64 barrier is seen as minimum requirement to complete near-term corrective phase and open way for stronger recovery towards 99.00, trendline resistance / 100DMA. Alternatively, upside rejection under 98.64 would signal prolonged sideways trade, with downside risk to revive on possible extension below 97.00 support, as daily studies are negative. Res: 98.64; 98.75; 99.00; 99.50 Sup: 98.00; 97.60; 97.13; 96.90 AUDUSD The Aussie remains under pressure, as fresh weakness from 0.9220/32 double-top penetrated through 0.9000 support, with daily close occurring below the latter. The price approaches initial targets at 0.8920/00, before final push towards key support, 05/08 low at 0.8846, as negative tone dominates on all timeframes and keeps the bears in play. Corrective rallies should be ideally capped under 0.9100, also near mid-point of slide from 0.9232 to 0.8930. Res: 0.9000; 0.9045; 0.9081; 0.9100 Sup: 0.8965; 0.8930; 0.8918; 0.8900 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The euro achieved an uptrend high of 1.3450 on the 20th of August. Since then we saw a reversal attempt when it fell to 1.3300 on the 22nd. It did manage to recover most of these losses went it went back up to 1.3410. We will remain bullish as long as 1.3300 support holds with targets at 1.3410 & 1.3450. However the opposite scenario would open the way for 1.3300 & 1.3260 Res: 1.3410, 1.3450, 1.3480, 1.3520 Sup: 1.3330, 1.3300, 1.3260, 1.3230 GBPUSD The cable ended its uptrend on the 21st of August when it reached a high of 1.5717, since then we saw a 180 pip drop to 1.5537 which constitutes our main support for today’s session. There was an attempt last Friday to go back to the uptrend but was capped at 1.5635 resistance. Only if it manages to go above this level will we reverse our current bearish outlook on the H1 chart. Sterling is currently trading below the Ichimoku Cloud Res: 1.5600, 1.5640, 1.5700, 1.5720 Sup: 1.5540, 1.5515, 1.5490, 1.5420 USDJPY We do have a couple of bad signals for the current uptrend on the Yen. We have a triple top reversal pattern at 99.10, prices are trading outside the upward channel and its currently testing 55 moving average. If it does drop below the 55 Exponential moving average on the H1 chart it will be our final confirmation of the uptrend reversal. Or the same could be said if we see a break below 98.40 support. Res: 98.80, 99.15, 99.35, 99.55 Sup: 98.40, 98.10, 97.85, 97.30 AUDUSD The Aussie reached a low of 0.8930 on the 22nd of August. In the same day it went up to 0.9040 and since then has not been able to break that resistance getting stuck in range mode. So a good signal for the bulls is if we see 1 or 2 candle closing on the H1 chart above this level. The RSI is moving horizontally which means we have weak momentum on both the buy and sell side Res: 0.9040, 0.9100, 0.9130, 0.9150 Sup: 0.8970, 0.8930, 0.8900, 0.8850 Gold A key level we are watching today is 1400 psychological resistance level. Gold managed to rise above this level during today’s trading (reaching 1407) however as we always say we need to see 1 or 2 candles close above this level to be sure it broke it and not just be a failed attempt. The precious ****l found support at 1390 shortly afterwards. Res: 1400, 1407, 1415, 1425 Sup: 1390, 1378, 1368, 1355 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Euro failed to break or even test any support or resistance levels during the previous session. It spent most of the time trading in a tight 30 pip range between 1.3390 and 1.3360. So the bullish outlook remains as long as trading stays above 1.3330 with the same targets at 1.3410 & 1.3440. Momentum indicators RSI, MACD give no signals which means the bullish outlook is weak. German ifo Business Climate is the figure to watch out for today for the EURUSD at 8:00am GMT Res: 1.3410, 1.3450, 1.3480, 1.3520 Sup: 1.3330, 1.3300, 1.3260, 1.3230 GBPUSD Overall we saw narrow trading within a 40 pip range, however there was an attempt to break the 1.5600 level. It did manage to rise above it reaching 1.5610, but the candle on the H1 failed to close above 1.5600 resistances so we will consider it a false break and that resistance still valid. We see here the same scenario as the euro were momentum indicators show weak momentum on both the buy and sell side, which may continue today with lack of figures from the UK Res: 1.5600, 1.5640, 1.5700, 1.5720 Sup: 1.5540, 1.5515, 1.5490, 1.5420 USDJPY Strong moves on the Yen, continuing its downtrend breaking 98.40 supports and falling further to test 98.10. The first attempt failed to show a candle closing below that support and we saw a subsequent rise. It currently dropped back to that level and is testing it again. Although now it’s trading below 98.10t, we won’t consider it broken until it trades for some time below it proving the market is comfortable breaking that support and not just another failed attempt Res: 98.40, 98.80, 99.15, 99.35, Sup: 98.10, 97.85, 97.30, 97.55 AUDUSD The Aussie breaks 0.8970 support and looks heading to test 0.8930. However we might see a brief retracement before that happens. It’s important to note that 0.8930 will be a much more difficult barrier for it to pass, as it is the low of the previous downtrend that ended on the 2nd of August. Moving averages 20 & 55 plus momentum indicator RSI(14) point down. Res: 0.9040, 0.9100, 0.9130, 0.9150 Sup:, 0.8930, 0.8900, 0.8845, 0.8800 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Again we see a failure to break any support or resistance levels during the previous session. There was 2 attempt to break 1.3330 support, first time dropping to daily low 1.3322 and second time to 1.3327, however in both cases the candle on the H1 chart failed to close below 1.3330 support making it a failed attempt instead of a genuine break. This means the outlook remains the same and no change to any support or resistance levels. Watch out for US pending Home Sales m/m at 2:00pm GMT which is expected at 0.2% an improvement on the previous reading of -0.4% Res: 1.3410, 1.3450, 1.3480, 1.3520 Sup: 1.3330, 1.3300, 1.3260, 1.3230 GBPUSD Strong downward momentum for the Sterling, we saw it break 2 supports (1.5540 & 1.5515) and continued to drop to test the 3rd support at 1.5490. It did manage to achieve a daily low below that level at 1.5480 however the candle on the H1 chart did not close below it so we will consider it just a test and not a break, so the support still holds. Sterling retraced up 75 pips later on and now looks like it’s going for another shot at the 1.5490 support Res: 1.5555, 1.5600, 1.5640, 1.5700, Sup: 1.5490, 1.5420, 1.5375. 1.5300 USDJPY The previous session was a big losing day for USDJPY, with the daily range between high and low at 155 pips. This steep drop broke all 4 previously mentioned supports 98.10, 97.8, 97.55 and 97.30. A strong achievement for just 1 day. It achieved a trend low of 96.80 which will be our first support level for today, since that low USDJPY took a brief break retracing 60 pips back up to 97.40 during today’s early trading. Japan's Nikkei ends down 1.5% at 13,338.46 Res: 97.40, 97.70, 98.00 98.40 Sup: 96.80, 96.40, 96.00, 95.80 AUDUSD After 2 previous failed attempts to break 0.8930 support, the Aussie finally did earlier today and continued its fall to test next support at 0.8900, which is also today’s daily low. We saw a 30 pip retracement afterwards which is usually expected. The current downtrend for AUDUSD on the H1 chart is from 0.9070 (26th August) to 0.8900. The outlook will remain bearish today as long as trading stays below 0.9030 with a revisit of 0.8900 and further fall to 0.8845 as our targets Res: 0.9000, 0.9040, 0.9100, 0.9130 Sup:, 0.8900, 0.8845, 0.8800, 0.8769 Gold Gold has seen 4 consecutive sessions of gains and today appears to continue this trend. It found no problem breaking our 3 resistances 1407, 1415 and 1425 to achieve a current uptrend high at 1433. Gold futures declined early Wednesday, with the safe-haven asset taking a breather after surging into a bull market on concerns about military action against Syria. Only a drop back below 1400 will we reverse our current bullish outlook Res: 1433, 1445, 1455, 1490 Sup: 1413, 1405, 1390, 1370 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Euro broke 1.3330 support and continued its fall to test 1.3300. Afterwards it retraced back up to 1.3345 and now looks back on its way to test 1.3300 again. So currently our outlook switches to bearish as long as trading stays below 1.3370. The dollar rose against major rivals Wednesday, holding on to gains as investors continued to worry about a possible military strike in Syria. U.S. Fed is likely to slow its monthly bond purchases and perhaps even raise interest rates. Currencies tend to sell off in periods of global risk aversion or rising U.S. interest rates Res: 1.3370, 1.3410, 1.3450, 1.3480 Sup1.3300, 1.3260, 1.3230, 1.3300 GBPUSD Sterling continued its current downtrend breaking 1.5490 support and falling further to test 1.5420. Since it has retraced back up almost 100 pips testing key pivot point 1.5555, which if successful will reverse our outlook to bullish. England’s central bank said it stands ready to step up stimulus efforts if rising interest rates threaten economic recovery in Britain. It emphasized that the previously mentioned 7% unemployment rate is a threshold, not trigger, for raising UK interest rates Res: 1.5555, 1.5600, 1.5640, 1.5700 Sup: 1.5480, 1.5420, 1.5375. 1.5300 USDJPY The USDJPY on the H1 chart made a complete reversal of the previous downtrend. Among the signs was that head and shoulders patterns after hitting a low of 96.80, and it later continued to rise to break the downward channel and rise above the 55 exponential moving average, breaking 2 resistances on its way 97.40 and 97.70. So our current outlook is bullish as long as trading is maintained above 97.15 with our first target at 98.00. Most Asian stocks advance, tracking a rebound on Wall Street, with the energy sector particularly strong after U.S. benchmark crude-oil prices top $110-a-barrel overnight Res: 98.00 98.40, 98.75, 99.15 Sup: 97.40, 97.15, 96.80, 96.40, AUDUSD We didn’t see any major moves on the Aussie as compared to the other currencies, however we did see it test 0.8900 twice but fail to break it, proving itself a strong support. Currently it’s trading close to psychological 0.9000 resistance and we will monitor if it will be able to break it as it already failed once before. If it does break it this leaves 0.9040 and 0.9100 targets in view. Res: 0.9000, 0.9040, 0.9100, 0.9130 Sup:, 0.8900, 0.8845, 0.8800, 0.8769 Gold After achieving an uptrend high of 1433, gold has dropped 27 dollars so far breaking 1413 support and is currently testing 1405. If it does break that support then we will not just consider it a retracement but a full reversal of the uptrend on the H1 chart. The drop comes with a gain in the U.S. dollar on Syria-related concerns tugging at prices after they climbed to their best levels in nearly three months. Res: 1422, 1433, 1445, 1455, Sup: 1405, 1390, 1378, 1370 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains under pressure, as near-term downtrend off 1.3400 upside rejection, completed 1.3187/1.3450 upleg on extension to 1.3172, over 38.2% retracement of larger 1.2754/1.3450 ascend. The price hovers around 1.32 handle at the beginning of the week, trading in near-term consolidative mode. Negative tone prevails and sees the downside favored, with repeated attempt through 1.3205/1.3187 supports, expected to open 200DMA at 1.3140 and 1.3100, round figure/50% retracement support. However, overextended 4-hour studies and bearish divergence on hourly chart, see potential for more significant corrective action. Lower platform at 1.3253, also Fibonacci 38.2% of 1.3397/1.3172, offers initial resistance, ahead of Fibonacci 50% barrier at 1.3284 and psychological 1.33 resistance, also 22/08 low and near 61.8% retracement, where rallies should be ideally capped. Any break higher, would ease bear pressure and signal near-term ****. Res: 1.3253; 1.3284; 1.3300; 1.3344 Sup: 1.3205; 1.3172; 1.3140; 1.3100 GBPUSD Cable recovers 50% of 1.5716/1.5427 fall, on acceleration from last Friday’s low at 1.5461, with Monday’s gap-higher opening. Positive near-term studies are supportive, as repeated attempt below 200DMA at 1.55, so far showed false breaks. However, regain of 1.5600, near 61.8% retracement and lower top at 1.5636, is required to confirm recovery and re-focus 1.5700, round figure and 1.5716, 21/08 peak / 100% Fibonacci expansion of the upleg from 1.5100, as larger picture bulls remain intact for now. Only break below 1.5420 higher platform, would bears back in play and signal completion of daily Head and Shoulders pattern. Res: 1.5572; 1.5600; 1.5636; 1.5700 Sup: 1.5546; 1.5504; 1.5461; 1.5427 USDJPY The pair continues to trend higher, off 96.80 low, with price approaching psychological 99.00 barrier and 99.14, 23/08 high. Repeated attempt above bear-channel off 101.52 peak, sees scope for eventual attempt through 99.14, near-term congestion top, above which to confirm higher **** at 96.80 and allow for further retracement of 101.52/96.80 downleg. Positive studies on lower timeframes support the notion. Initial supports lay at 98.50 and 97.87. Res: 99.00; 99.14; 99.25; 99.93 Sup: 98.50; 98.27; 98.00; 97.87 AUDUSD The Aussie remains under pressure, as fresh extension of downleg from 0.9332 peak, retested 0.8890 low, where temporary footstep was found. Corrective rally is under way, with the price cracking 50% retracement of 0.9068/0.8890 descend and approaching psychological 0.9000 barrier. Sustained break here is seen as minimum requirement to signal near-term **** and allow for stronger recovery, however, gains should be limited, as larger timeframes studies being negative and keeping the risk of full retracement of 0.8846/0.9232 upleg in play. Res: 0.9000; 0.9026; 0.9068; 0.9100 Sup: 0.8962; 0.8923; 0.8890; 0.8846 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro maintains negative tone and attempts again through strong 1.3180/70 support zone, higher platform / Friday’s low, after brief recovery rally failed to sustain gains above 1.3200 barrier. Near-term technicals are bearish and favor further extension lower, with 200DMA / daily Ichimoku cloud top at 1.3140 and 1.3100, 50% retracement of 1.2754/1.3450, coming in near-term focus. However, hesitation above the downside targets may be triggered by oversold 4-hour conditions. Immediate resistance lay at 1.3200, round figure and 1.3225, Monday’s high, while more significant recovery requires break above 1.3258/84, Fibonacci barriers 50% / 61.8% retracement. Res: 1.3200; 1.3258; 1.3284; 1.3300 Sup: 1.3140; 1.3100; 1.3087; 1.3066 GBPUSD Cable regained some strength on a bounce from 1.5461 higher low and approached psychological 1.5600 barrier. Failure to break higher, sees increased downside risk, as the price reversed to 1.5530, where temporary footstep was found at 55DMA. Holding above the latter would keep fresh upside attempts in play, as 4-hour indicators are pointing higher and breaking above their midlines, with regain of 1.5600 and 1.5636 required to confirm higher low and shift focus towards 1.5700/16 barriers. Alternatively, loss of 1.5530 and psychological 1.5500 support, would increase risk of fresh weakness that would bring key short-term support and pivotal point at 1.5420/00 zone in focus. Res: 1.5592; 1.5636; 1.5700; 1.5716 Sup: 1.5530; 1.5500; 1.5461; 1.5427 USDJPY The pair continues to trend higher, off 96.80 low, with break above psychological 99.00 barrier and 99.14, 23/08 high, heading towards psychological 100 barrier. Sustained break above bear-channel brings near-term bulls fully in play, with daily indicators breaking above the midlines and supporting the notion. Break and close above 100 barrier is required to completion of weekly bullish pennant and open next targets at 100.85 and 101.52. Res: 99.69; 100.00; 100.44; 100.85/. Sup: 99.14; 99.00; 98.50; 98.27 AUDUSD Near-term structure remains positive, as the price heads higher off near-term **** and double-bottom at 0.8891. Sustained break above psychological 0.9000 barrier, opens way for extension towards 0.9068, 26/08 high, to complete the downleg and confirm double-bottom formation, break of which to signal possible stronger recovery. Positive near-term studies remain supportive. From the other side, larger picture remains bearish, with downside risk being in play as long as 0.9230/40 barriers cap. Res: 0.9000; 0.9026; 0.9068; 0.9100 Sup: 0.8962; 0.8923; 0.8890; 0.8846 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains under pressure and extends fresh weakness below important 1.3200/1.3180 support zone. The price tested 200DMA at 1.3136, with psychological 1.3100 support, also 50% of 1.2754/1.3450, being in near-term focus. Negative near-term studies, along with daily indicators entering negative territory, see scope for further downside, with break below 1.3100, expected to open 1.3050, 16/07 low and 1.3020, Fibonacci 61.8% retracement. Previous supports at 1.3180/1.3200, now act as initial resistances, with the latter being reinforced by descending 20DMA. Further upside would face Fibonacci barriers at 1.3236 and 1.3266, 38.2% and 50% retracement of 1.3397/1.3136, ahead of 1.3300, round figure resistance and Fibonacci 61.8%, where stronger rallies should be capped. Res: 1.3172; 1.3200; 1.3236; 1.3266 Sup: 1.3136; 1.3100; 1.3066; 1.3050 GBPUSD Cable trades in the near-term consolidative mode, after cracking psychological 1.5600 barrier on a spike to 1.5603. The second day closing above 200DMA, gives more credibility to the recovery rally from 1.5427, where pullback from 1.5716, 21/08 peak, found support. Positive tone prevails on near-term studies, with price action retracing so far 61.8% of 1.5716/1.5427 descend, keeps the upside in near-term focus. Sustained break above 1.5600 and clearance of the last hurdle at 1.5636, is required to confirm bulls for eventual push towards key 1.5700/16 barriers. Initial support lies at 1.5521, Tuesday’s low, ahead of 1.5500, 200DMA and higher lows at 1.5461/27, loss of which will be bearish. Res: 1.5571; 1.5603; 1.5636; 1.5648 Sup: 1.5521; 1.5500; 1.5461; 1.5427 USDJPY The pair remains steady and continues to trend higher, en-route towards psychological 100 barrier, with 99.85 seen so far. Positive near-term technicals support the action, with sustained break above 100 barrier, to signal completion of weekly bullish pennant and open next targets at 100.85 and 101.52. Near-term consolidation lows at 99.22/15, along with 99.00, offer initial support. Only reversal under 98.50, 29/08 high, would delay and signal stronger correction. Res: 99.85; 100.00; 100.44; 100.85 Sup: 99.14; 99.00; 98.50; 98.27 AUDUSD The pair remains well supported and extends near-term recovery rally off 0.8890 double-bottom, with 0.9100, psychological / Fibonacci 61.8% of 0.9232/0.8890 barrier, being taken out. The price also cracked daily 55DMA, setting scope for final push through 0.9175, daily cloud ****, towards key near-term barriers at 0.9220/32 double-top. Near-term studies are positive, however, overbought conditions require caution, as corrective pullback would precede fresh rally. Initial support lies at 0.9068, 26/08 previous high. Res: 0.9152; 0.9188; 0.9200; 0.9220 Sup: 0.9100; 0.9068; 0.9000; 0.8977 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro/Usd trades in near-term corrective mode, off last week’s fresh low at 1.3100, where the pair found temporary support. Strong rally from 1.3100, with weekly close above 200DMA, remains capped under 1.3200 barrier for now, where the price consolidates. Positive hourly structure, with price action being underpinned by 20/55DMA’s bullish crossover, sees the upside favored. Break above 1.32 to open next layers of significant resistances at 1.3220 zone, Fibonacci 38.2% of 1.3397/1.3103 / 55DMA and 1.3250, 50% retracement, 30/08 lower platform, break of which to confirm recovery. Indicators on 4-hour chart are in the negative zone that keeps the downside at risk, however bullish MACD/RSI divergence is seen as supportive factor. Immediate support lies at 1.3160, while violation of 1.3100, would bring bears in play and signal resumption of larger downtrend from 1.3450 peak. Res: 1.3189; 1.3200; 1.3220; 1.3250 Sup: 1.3160; 1.3136; 1.3100; 1.3080 GBPUSD Cable holds positive near-term tone, as Friday’s rally spiked to a marginally higher high at 1.5679, en-route towards near-term targets at 1.5700/16. Technicals on lower and larger timeframes are positive and favor further upside, with clearance of initial 1.5716 barrier, expected to open way towards key 1.5751, 17/06 peak. Overnight’s low at 1.5611, offers initial support, along with psychological 1.5600 level, while only slide below Friday’s low at 1.5562, would signal stronger pullback. Res: 1.5666; 1.5679; 1.5700; 1.5716 Sup: 1.5611; 1.5600; 1.5562; 1.5553 USDJPY The pair recovered good part of last Friday’s losses, when the price dipped to 98.53, following brief break above 100 barrier and fresh high being posted at 100.21. Gap higher opening cracked 100 hurdle again, however, weak hourly studies keep the downside at risk. Loss of 99.00, psychological support and Friday’s closing price, would trigger fresh weakness and expose 98.50 breakpoint, Friday’s low / 50% retracement of 96.80/100.21 ascend. Conversely, sustained break above 100 barrier, is required to resume broader uptrend off 95.78, 08/08 low and look for test of 100.44/85 barriers. Res: 99.79; 100.09; 100.21; 100.44 Sup: 99.15; 99.00; 98.50; 98.00 AUDUSD The Aussie remains firm and consolidates last week’s gains that peaked above 0.9200 barrier. Positive tone prevails on lower timeframes and sees scope for eventual attempt through key near-term barriers at 0.9220/32, to confirm near-term **** and open way for stronger corrective action towards 0.9300 zone, where the next barriers lay. Daily indicators breaking above the midlines, support the notion. Initial supports lies at 0.9160 zone, while only loss of 0.9115/00 handles, would delay immediate bulls. Res: 0.9215; 0.9220; 0.9232; 0.9250 Sup: 0.9166; 0.9115; 0.9100; 0.9068 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro regained strength after finding ground at 1.3100 zone, 50% of 1.2754/1.3450 upleg, rallying through 1.3200/20 and 1.3250 barriers. The price retraced exactly 50% of 1.3450/1.3103 descend at 1.3277, session high, with pause in rally suggested by overbought 1 and 4-hour conditions. Near-term studies are positive and favor further upside, with psychological 1.33 level and 1.3320, previous consolidation floor / Fibonacci 61.8%, are the next targets, with 1.3400, range top and 1.3450, 20/08 peak, seen on extension. Corrective dips should be ideally contained at 1.3200, psychological support / 20DMA, to keep freshly established bulls in play. Res: 1.3279; 1.3300; 1.3320; 1.3355 Sup: 1.3250; 1.3220; 1.3200; 1.3190 GBPUSD Cable has fully retraced 1.5716/1.5427, near-term corrective phase, as rally from 1.5427, extended gains to 1.5731 so far. Key support at 1.5751, 17/06 high, reinforced by weekly 200DMA, is in near-term focus, with break higher to confirm 1.4830/12 double-bottom and open way for further extension of bull-phase from 1.4812, 07/07 low. Overall bulls remain in play, with overbought near-term studies suggesting consolidative/corrective phase, ahead of fresh rally. Res: 1.5731; 1.5751; 1.5809; 1.5843 Sup: 1.5684; 1.5645; 1.5615; 1.5562 USDJPY The pair maintains positive near-term tone, as repeated rejection above 100 barrier, found footstep at 99.32, keeping the Monday’s gap intact. Fresh strength aims through 100 again, with break above 100.21, last Friday’s high, required to resume upleg from 96.80 and open 100/44/85, next targets. Near-term studies are positive and keep the upside favored, as long as the price holds above 99.32 higher platform. Conversely, loss of 99.00 would bring bears back in play. Res: 100.09; 100.21; 100.44; 100.85 Sup: 99.46; 99.32; 99.00; 98.53 AUDUSD The Aussie continues to trend higher and cleared strong barrier at 0.9220/32, 12/19 / 08 double-top. This confirms near-term **** at 0.8846/90 and sees potential for further recovery towards pivotal 0.9300/50 resistance zone. Daily indicators are breaking into positive territory and gaining strong bullish momentum that supports the notion. However overbought near-term conditions suggest pause in current rally, in favor of corrective pullback. Previous barriers at 0.9232/20, now act as initial support, ahead of 0.9200/0.9190. Increased downside risk would be seen on a slide below 0.9100 handle, near 50% retracement of 0.8891/0.9288 rally. Res: 0.9288; 0.9300; 0.9316; 0.9343 Sup: 0.9232; 0.9220; 0.9200; 0.9190 GOLD Spot Gold remains under pressure, with near-term technicals maintain negative tone, as recovery attempt was capped under psychological 1400 barrier. Fresh weakness is under way, with immediate support at 1373 coming under pressure, ahead of more significant 1358/55, 06/09 low / trendline resistance, below which to open key support and breakpoint at 1350 zone. Alternative scenario requires break above 1400 and regain of 1416 lower top, to avert immediate downside risk. Res: 1381; 1394; 1400; 1410 Sup: 1373; 1358; 1353; 1350 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro holds firm and consolidates recent gains off 1.31 ****, trading within 1.3230/80 range. Near-term studies remain positive and favor further upside, where 1.33 comes first, ahead of 1.3320, previous consolidation floor / Fibonacci 61.8% of 1.3450/1.3103 downleg. The downside is for now protected at 1.3230, previous resistance and 55DMA, with any extension lower, expected to hold above 1.32 handle, also near 50% retracement of 1.3103/1.3381 ascend, to keep positive structure intact. Res: 1.3281; 1.3300; 1.3320; 1.3355 Sup: 1.3230; 1.3220; 1.3200; 1.3190 GBPUSD The pair continues to trend higher, with clearance of the last hurdle at 1.5700, approaching key short-term resistance at 1.5751. Break here is required to complete three-month corrective phase and signal break out of six-month cycle, as well as to confirm larger picture double-bottom, formed on 1.4830/12 lows. Positive near-term studies remain supportive, however, hesitation at 1.5751 hurdle may be triggered by overbought conditions. Initial supports lie at 1.5700/1.5684, with stronger pullback expected to find ground above 1.5600/1.5585, near 50% retracement of 1.5427/1.5743 rally, to keep bulls in play. Res: 1.5743; 1.5751; 1.5809; 1.5843 Sup: 1.5700; 1.5684; 1.5622; 1.5600 USDJPY The pair finally cleared 100 barrier, with yesterday’s close above this level, suggesting further advance. With initial 100.44 resistance being taken out and 100.85 coming in near-term focus, extension towards key barrier at 101.52, 08/07, would be likely short-term scenario. Positive tone prevails on lower and larger timeframes studies and keeps bulls in play. Corrective dips would face immediate support at 100 level, with solid support at 99.32/00 zone, seen as ideal reversal point. Res: 100.60; 100.85; 101.00; 101.52 Sup: 100.00; 99.32; 99.00; 98.53 AUDUSD The Aussie remains well supported and continues to trend higher. Final push through psychological 0.9300 barrier, so far tested 0.9316, 24/07 high, cracking strong 0.9300/0.9350 resistance zone, break of which is required to confirm short-term **** at 0.8846/90 lows and allow for stronger retracement of larger 1.0581/0.8846 descend. Near-term technicals are positive, with overbought 4-hour studies, suggesting corrective action, ahead of fresh attempt higher. Previous resistance at 0.9232/20, along with psychological 0.9200 level, offer good support, while only loss of 0.9100 support, also 50% retracement of 0.8891/0.9317 ascend, would bring bears back in play. Res: 0.9316; 0.9343; 0.9350; 0.9400 Sup: 0.9279; 0.9232; 0.9220; 0.9200 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro cracked psychological 1.33 resistance on Wednesday’s rally through 1.3280, two-day consolidation top. Fresh gains reached 1.3323 so far, over 61.8% retracement of 1.3450/1.3103 downleg, with positive near-term studies being supportive for further advance. Clearance of 1.33 barrier would open way for final push towards key levels at 1.3414/50, 19/06 and 20/08 highs, also five-month cycle peaks. From the other side, daily studies are still weak and keep the risk of possible stall in play. Near-term bulls may be delayed, as 4-hour studies are overbought, with corrective easing expected to face immediate support at 1.3280, previous range top / daily 20DMA, ahead of more significant 1.3240/30 higher platform that should contain dips. Res: 1.3323; 1.3355; 1.3400; 1.3414 Sup: 1.3280; 1.3253; 1.3230; 1.3220 GBPUSD Near-term bulls remain unobstructed, as the pair rallies higher and broke above psychological 1.58 barrier, after clearing key short-term resistance at 1.5751. Fresh bull phase above 1.5751, attempts at initial target at 1.5843, 08/02 high, ahead of 1.5877; 01/02 high and psychological 1.5900 barrier. Studies remain positive on all timeframes and keep the upside favored, however, corrective pullback on overbought conditions is likely to precede fresh rallies. Immediate support lies at 1.5800, with previous peak at 1.5751, seen next and 1.5700 zone expected to contain. Res: 1.5831; 1.5843; 1.5877; 1.5900 Sup: 1.5800; 1.5751; 1.5717; 1.5700 USDJPY The pair came under increased pressure, after pullback from fresh high at 100.60, accelerated lower and broke below important 99.32 support and weekly low. With hourly studies being negative and 4-hour indicators approaching their midlines, immediate risk is seen on violation of 99.00 support that will fill Monday’s gap and open way for further easing towards 98.00, 50% retracement of 96.80/100.60 upleg and 98.53, 06/09 spike low, loss of which to confirm near-term top at 100.60. Conversely, reversal above 99.00, would keep near-term bulls in play, as positive daily studies support such scenario. Res: 99.60; 100.00; 100.36; 100.44 Sup: 99.18; 99.00; 98.70; 98.53 AUDUSD The Aussie’s near-term bulls extended higher to briefly test the upper boundary of pivotal 0.9300/50 resistance zone. Subsequent sharp pullback weakened hourly structure, as the price dipped about 100 pips, but could be still seen as corrective, as 4-hour structure is positive. However, reversing 4-hour indicators suggest that further easing cannot be ruled out, with strong 0.9232/20 and 0.9200 support area, coming in sight. Ideally, dips should be contained here, to keep overall near-term positive structure intact, as fresh strength above 0.9350 is required to signal reversal. Res: 0.9275; 0.9300; 0.9316; 0.9353 Sup: 0.9232; 0.9220; 0.9200; 0.9170 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro hit fresh three-week high vs the dollar at 1.3380, as risk-on mode accelerates and the pair started the week with 60-pips gap-higher opening. The price trades in a narrow consolidative range, ahead of the next target and lower platform at 1.3400, break of which to open key barrier at 1.3450, 20/08 peak. Near-term technicals are positive and favor further upside, however, further consolidation cannot be ruled out, as studies approach overbought territory. Immediate support lies at 1.3350, session low, ahead of 1.3300, Fibonacci 61.8% of 1.3252.1.3380 upleg, below which to signal stronger pullback towards key support at 1.3240, previous consolidation floor / 50% retracement of larger 1.3103/1.3380 ascend. Res: 1.3380; 1.3400; 1.3414; 1.3450 Sup: 1.3350; 1.3320; 1.3300; 1.3274 GBPUSD Cable remains well supported and continues to rally higher, with gap-higher opening today, surging through initial 1.59 barrier. The pair looks for test of psychological 1.6000 barrier and 1.6010, Fibonacci 76.4% of 1.6380/1.4812 descend. Break above short-term congestion and formation of double-bottom at the larger picture, sees scope for extension towards key med-term resistance at 1.6380, 2012 high, in the short-term. Positive near-term studies support the notion, however, bulls may be delayed, as hourly and 4-hour studies are overbought. Immediate supports lay at 1.5930, session low and 1.5900, while filling the gap on a slide below 1.5870, would signal deeper pullback. Res: 1.5955; 1.6000; 1.6010; 1.6050 Sup: 1.5930; 1.5900; 1.5870, 1.5835 USDJPY The pair came under increased pressure after losing 99.00 handle, as overnight’s gap-lower opening triggered further weakness. Reversal off 100.60 peak retraced over 50% of 96.80/100.60 upleg on a dip to 98.44, session low, with near-term bears being fully in play and seeing scope for further easing towards 98.25, Fibonacci 61.8% and 98.00, round figure support. Completion of 4-hour H&S pattern supports the notion, with psychological 100 barrier being on hold for now, despite positively aligned daily studies. Res: 99.09; 99.29; 99.76; 100.00 Sup: 98.44; 98.25; 98.00; 97.70 AUDUSD The Aussie found ground at 0.9220 zone, where the higher **** has been formed, with fresh strength and gap-higher opening, pushing the price to the new highs near psychological 0.9400 barrier. Resumption of larger recovery from 0.8846/90 **** and clear break above important 0.9300/50 resistance zone, signals stronger corrective action of med-term 1.0581/0.8846 descend. Near-term studies maintain positive tone, with larger picture bulls being in play, as the price emerges above of daily Ichimoku cloud. Initial supports lay at 0.9317, session low and 0.9300, round figure, ahead of 0.9280. Only loss of 0.9220 platform would delay immediate bulls. Res: 0.9392; 0.9430; 0.9470; 0.9500 Sup: 0.9317; 0.9300; 0.9280; 0.9265 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains steady ahead of Fed tomorrow and consolidates after fresh rally that peaked at 1.3384 on Monday. Pullback has so far found support at 1.3320, previous high / hourly 55DMA, with positively aligned 4-hour studies, keeping the upside focused. Key barriers lay at 1.3400 and 1.3450, clearance of which to signal break above multi-month congestion. From the other side, weak hourly studies, keep the downside vulnerable for possible test of important 1.33 support, Fibonacci 61.8% of 1.3252/1.3384 upleg, loss of which would sideline near-term bulls and open key support at 1.3350/40 higher platform, also 50% retracement of 1.3103/1.3384 rally. Res: 1.3353; 1.3384; 1.3400; 1.3450 Sup: 1.3324; 1.3300; 1.3274; 1.3252 GBPUSD The pair trades in near-term corrective mode, after posting marginally higher high at 1.5961 on Monday. Reversal was so far contained at 1.5887, 55DMA / 38.2% of 1.5775/1.5961 upleg and just ahead of 1.5878, last Friday’s closing price and 1.5868, 50% retracement, below which to trigger stronger pullback, suggested by weakening hourly studies. However, bullish tone, prevailing on larger timeframes, keeps final push towards psychological 1.6000 barrier and favored scenario, once corrective phase ids completed. Res: 1.5929; 1.5961; 1.6000; 1.6010 Sup: 1.5887; 1.5870, 1.5838; 1.5819 USDJPY The pair recovered over 38.2% of 100.60/98.44 fall, as bounce from 98.44 filled Monday’s gap and reached so far 99.35, with 99.00, now acting as immediate support. Hourly studies turned positive and see potential for further recovery, however, weak 4-hour conditions see regain of 99.96, 13/09 lower top, required to sideline downside risk towards 98.25/00 targets and open levels above 100 barrier instead. Res: 99.35; 99.52; 99.77; 99.96 Sup: 98.44; 98.25; 98.00; 97.70 AUDUSD The Aussie erased Monday’s gains that peaked at 0.9392 and turned in defensive mode, mainly being driven by fundamentals. Dips found footstep just below 0.9300 support for now, with weak hourly studies, seeing risk of further easing, before bulls return to play. On the 4-hour chart, positive tone prevails, however, the price is losing momentum. Also, formation of RSI/MACD bearish divergence, keeps the downside vulnerable. Loss of 55DMA at 0.9232 and higher platform at 0.9222, would be initial signal of stronger correction. From the other side, break above key 0.9300/50 resistance zone, would open way for further recovery and expose psychological 0.9500 barrier in the near-term. Res: 0.9333; 0.9353; 0.9392; 0.9430 Sup: 0.9284; 0.9265; 0.9232; 0.9222 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro continues to trade sideways, awaiting Fed’s decision and holding within 1.3324/84 consolidative range. The downside is protected by hourly Ichimoku cloud and ascending 55DMA, with positively aligned near-term studies, keeping near-term bulls in play. Final push through 1.3384 peak to open 1.3400 lower platform and key 1.3450 hurdle. Alternatively, violation of the range floor, also previous high and 50% retracement of 1.3252/1.3384, would be seen as initial signal of corrective phase and expose 1.3300, Fibonacci 61.8% and strong 1.3240 higher platform and 50% of larger 1.3103/1.3384 ascend. Res: 1.3368; 1.3384; 1.3400; 1.3450 Sup: 1.3345; 1.3324; 1.3300; 1.3283 GBPUSD Cable remains trades in near-term sideways mode, after pullback from 1.5961 high, found footstep at 1.5883, Fibonacci 38.2% of 1.5775/1.5961 upleg, with support being reinforced by 55DMA. Neutral tone prevails on hourly chart studies, while 4-hour indicators are descending from overbought territory that keeps risk of further reversal in play. Loss of 1.5883, would look for next supports at 1.5868/46, 50% and 61.8% retracement levels, with increased downside risk to be triggered in case 1.5800 and 1.5775 supports give way. Conversely, lift above near-term consolidation top at 1.5935, would open 1.5961 and focus psychological 1.6000. Overextended daily studies, however, see risk of stall ahead of 1.6000 hurdle. Res: 1.5935; 1.5961; 1.6000; 1.6010 Sup: 1.5887; 1.5868, 1.5838; 1.5819 USDJPY The pair holds neutral tone on hourly chart, as bounce from 98.44 low stays capped at 99.35, Tuesday’s high. with 99.00, now acting as immediate support. From the other side 4-hour studies are negative, with price action being capped by 55DMA that keeps the downside at risk. Failure to regain of 99.96, 13/09 lower top, would risk lower top formation and further weakness, with break below 98.44, to open way for further retracement of 96.80/100.60 ascend. Res: 99.35; 99.52; 99.77; 99.96 Sup: 99.00; 98.63; 98.44; 98.25 AUDUSD The Aussie maintains positive near-term tone, as the price holds in the upper part of 0.9392/0.9284 consolidation range, with studies on the lower timeframes being positively aligned. Resumption of larger uptrend from 0.8891 requires lift above 0.9400, with important resistance zone at 0.9300/50 and short-term congestion top, already being cracked on extension to 0.9392. Immediate support lies at 0.9335, while extension below 0.9284 higher low, would increase downside risk and signal possible false break above 0.9350. Res: 0.9366; 0.9392; 0.9400; 0.9430 Sup: 0.9335; 0.9284; 0.9265; 0.9232 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in extended consolidative phase under last week’s fresh high at 1.3567. Near-term price action moves in a sideways mode and being entrenched within 1.3500/50 range. Psychological 1.35 support, reinforced by ascending hourly 55DMA, keeps the downside protected for now, with hourly studies holding neutral tone. From the other side, extended 4-hour studies see risk of further consolidation, with double-Doji supporting such scenario. However, deeper pullback cannot be ruled out, as daily RSI is entering overbought territory. Immediate support lies at 1.3500, ahead of 1.3450, previous top and 50% retracement of 1.3337/1.3567 upleg. Increased downside risk would be seen in case of violation of 1.3400, Fibonacci 38.2% of 1.3103/1.3567 and 1.3340, higher platform and 50% retracement. Targets at 1.3600 and key 1.3710 peak, seen in extension, remain in near-term focus. Res: 1.3567; 1.3600; 1.3658; 1.3710 Sup: 1.3500; 1.3479; 1.3450; 1.3425 GBPUSD Cable’s corrective pullback from 1.6161, 18/09 fresh high, has stabilized at psychological / Fibonacci 61.8% of 1.5890/1.6161 ascend support, with near-term basing attempt being under way. Hourly studies are weak and require break above lower top at 1.6065 to confirm recovery, as 4-hour structure remains positive and keeps the upside favored. However, overbought daily studies require caution, as possible extension below 1.5900/1.5880 higher platform, would risk deeper pullback and open next target at 1.5800. Conversely, clearance of 1.6065 and regain of 1.6100 barrier, would shift near-term focus towards 1.6161 and signal possible resumption of larger uptrend towards 1.6200, next upside target. Res: 1.6065; 1.6100; 1.6140; 1.6161 Sup: 1.6000; 1.5985; 1.5954; 1.5890 USDJPY The near-term structure weakens after the pair failed to regain psychological 100 barrier on a strong bounce off 97.75. Pullback from 99.65, where the rally stalled, cracked 99.00 handle, also 38.2% of 97.75/99.65 upleg that increases downside risk, as 4-hour indicators are breaking in the negative territory. Further easing would look for test of 98.70/98.48, Fibonacci 50% / 61.8% of 97.75/99.65, and 98.22, trendline support, also the neckline of H&S pattern that is forming on a daily chart. Conversely, lift above 99.65 is required to neutralize. Res: 99.16; 99.65; 99.96; 100.21 Sup: 98.70; 98.44; 98.22; 98.00 AUDUSD The Aussie trades in near-term corrective mode, with price action coming under increased pressure, after extension of pullback from 0.9526 peak, dipped to 0.9365 so far. Hourly studies are still weak, however, quick recovery above 0.9400 handle, keeps the positive tone on the larger timeframes in play. Clearance of lower platform at 0.9455, is seen as minimum requirement to avert downside risk and shift focus towards 0.9500 and 0.9526 barriers. Otherwise, loss of 0.9365, session low and higher platform at 0.9340, would keep the downside vulnerable and risk stronger correction. Strong supports lay at 0.9283, Fibonacci 38.2% of 0.8891/0.9526 and 9222/00, higher platform / 50% retracement. Res: 0.9455; 0.9483; 0.9500; 0.9526 Sup: 0.9365; 0.9340; 0.9300; 0.9283 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Hourly structure weakened, as the price broke below initial 1.35 support. Fibonacci 38.2% of 1.3337/1.3567 upleg at 1.3480 was tested so far, with further corrective easing not ruled out. However, positive 4-hour studies see scope for shallow correction, before bulls re-assert for fresh attempt higher, as overall positive sentiment keeps near-term focus at the upper targets at 1.3567 and 1.3600 in extension, with key barrier at 1.3710, coming in sight. Strong supports lay at 1.3450, previous top and 1.34 zone, double Fibonacci support, 76.4% of 1.3337/1.3567 / 38.2% of 1.3103/1.3567 and should contain stronger pullback. Res: 1.3547; 1.3567; 1.3600; 1.3658 Sup: 1.3479; 1.3450; 1.3425; 1.3400 GBPUSD Cable remains in extended consolidative phase above 1.6000, where the pullback from 1.6161 peak found temporary support. Hourly studies are neutral, while overall positive tone on the larger timeframes favors further upside. Break above initial barrier and near-term consolidation top at 1.6070, is required to confirm rebound and open 1.6100 and 1.6161 barriers for retest. Short-term targets at 1.6300 and 1.6380 remain in focus. The scenario would be delayed in case of further easing below 1.6000, while extension below 1.5900 and 1.5880, higher platform / Fibonacci 38.2% of 1.5427/1.6161, would sideline bulls. Res: 1.6070; 1.6100; 1.6140; 1.6161 Sup: 1.6000; 1.5985; 1.5954; 1.5890 USDJPY The pair consolidates pullback from 99.65, after finding temporary support at 98.65, near 50% retracement of 97.75/99.65 upleg. However, negative tone persists on the lower timeframes studies and keeps the downside at risk, with immediate supports at 98.48, Fibonacci 61.8% and 98.20 trendline support and psychological 98.00 level, loss of which would expose key near-term support at 97.75, 18/09 low. Only break above 99.65 would bring bulls fully in play and open 100 and 100.60 instead. Res: 99.16; 99.65; 99.96; 100.21 Sup: 98.65; 98.44; 98.22; 98.00 AUDUSD The Aussie remains in a sideways consolidative mode, after pullback from 0.9526 high found ground at 0.9365, weekly low. Neutral tone prevails on hourly chart studies, while 4-hour structure remains bullish, with price action being underpinned by ascending 55DMA at 0.9355. Upside extension above consolidation tops at 0.9455 is required to confirm near-term **** and shift focus higher, while further easing below 0.9365 would risk further corrective action that should be ideally contained at 0.9300/0.9280, to keep bulls in play. Res: 0.9455; 0.9483; 0.9500; 0.9526 Sup: 0.9393; 0.9365; 0.9340; 0.9300 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro continues to descend gradually, after losing 1.35 handle, with fresh weakness approaching strong 1.3450 support, 50% retracement of 1.3337/1.3567 upleg / previous top of 20/08. Negative hourly studies and 4-hour indicators breaking below the midlines, see scope for further correction towards next significant support zone at 1.3400/1.3390, former lower platform and double Fibonacci support. Key near-term support lies at 1.3330 higher platform and 50% retracement of 1.3103/1.3567. Larger picture outlook remains bullish and favors further upside, once near-term correction is completed. Res: 1.3480; 1.3500; 1.3547; 1.3567 Sup: 1.3450; 1.3425; 1.3400; 1.3390 GBPUSD Cable continues to trend lower and retraced 76.4% of post Fed 1.5883/1.6161 rally, on extension to 1.5950, so far, where 55 DMA contained dips . Negatively aligned near-term studies favor further corrective action and risk retest of strong 1.5900/1.5883 support area, higher platform / Fibonacci 38.2% of 1.5427/1.6161, violation of which would signal stronger reversal and mark near-term top at 1.6161. Daily RSI, emerging of overbought territory, supports the notion, while only regain of lower platform at 1.6070 would ease immediate bear pressure and re-focus 1.6100 and 1.6161 barriers. Res: 1.6000; 1.6019; 1.6070; 1.6100 Sup: 1.5950; 1.5900; 1.5883; 1.5831 USDJPY The pair remains heavy and extends weakness off 99.65 upside rejection, to 98.48, 61.8% retracement of 97.75/99.65 ascend so far. Prevailing negative tone keeps the downside at risk, with immediate focus being at 98.20, trendline support / 76.4% retracement and psychological 98.00 support, ahead of key near-term support at 97.75, 18/09 low. Break here to open way for possible full retracement of larger 96.80/100.60 upleg. Daily studies are losing momentum and seen supportive for such scenario. Initial resistance lies at 99.16, while only break above 99.65 would turn near-term structure positive. Res: 99.00; 99.16; 99.65; 99.96 Sup: 98.46; 98.22; 98.00; 97.75 AUDUSD The Aussie came under pressure again, following recovery attempt failure at 0.9455 and subsequent weakness that violated initial 0.9365 support. Near-term studies in negative territory, see risk of further downside, with immediate targets laying at 0.9300 and 0.9283, Fibonacci 38.2% of larger 0.8891/0.9526 ascend, below which to signal stronger correction and mark near-term top. From the other side, larger picture bulls remain intact and would keep further upside in play, as long as the price holds above 0.9200 support, higher platform and 50% retracement of 0.8891/0.9526 rally. Res: 0.9412; 0.9455; 0.9483; 0.9500 Sup: 0.9340; 0.9300; 0.9283; 0.9222 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro regained levels above 1.35 handle after finding ground at 1.3460, just ahead of strong support at 1.3450, 20/08 previous high and 50% retracement of 1.3337/1.3567 rally. The price action moves towards the upper boundary of near-term range at 1.3550, with improved hourly structure and positive 4-hour studies, setting scope for possible fresh attack at key near-term barrier and peak at 1.3567. Break here to resume larger uptrend that commenced from 1.2754, with weekly close above 1.3567/1.3600 barriers, required to confirm bulls and open way towards short-term target at 1.3710, 01/02 annual high. To keep the structure intact, support at 1.3450 must hold dips. Previous resistance at 1.3500 offers immediate support that is reinforced by hourly Ichimoku cloud top. Res: 1.3536; 1.3547; 1.3567; 1.3600 Sup: 1.3500; 1.3461; 1.3450; 1.3425 GBPUSD Cable regained ground on a bounce to the levels close to 1.6100 barrier, after pullback from 1.6161 peak, found support at 1.5953, Fibonacci 76.4% retracement of 1.5890/1.6161 rally. Bulls on lower timeframes studies returned to play, with near-term focus being shifted towards the upside. Clearance of initial 1.6100 hurdle to open key resistance at 1.6161, 19/09 high and signal completion of near-term corrective phase, with break higher to resume 9-week uptrend from 1.4812, 09/07 low and open way towards key short-term barriers at 1.6300 and 1.6380. To keep freshly established bulls intact, corrective dips should be contained at /above 1.6020, 50% retracement of 1.5953/1.6086 upleg. Res: 1.6086; 1.6100; 1.6140; 1.6161 Sup: 1.6065; 1.6035; 1.6020; 1.6000 USDJPY The dollar recovered a good part of the recent fall from 99.65, on a bounce from 98.25, where the price found support. Regain of levels above psychological 99.00 barrier, marks 61.8% retracement of 99.65/98.25 descend, with hourly indicators moving into positive territory, seeing potential for further recovery. From the other side, weak 4-hour structure keeps the downside vulnerable, while lower top at 99.65 stays intact. Break here to confirm reversal and re-open psychological 100 barrier. Initial supports lay at 98.80 and 98.50, while slide below 98.25 would bring bears back in play. Res: 99.10; 99.16; 99.65; 99.96 Sup: 98.80; 98.46; 98.25; 98.00 AUDUSD The Aussie remains under pressure, as fresh extension lower fully retraced post-Fed rally from 0.9340. Negatively aligned near-term studies keep the downside at risk, with strong support zone at 0.9300, psychological support and 0.9280; higher low of 17/09 / Fibonacci 38.2% of 0.8891/0.9526 rally, coming in focus. Break lower to open next layers of support at 0.9250 and strong 0.9220/00 area, higher platform of 12/13 / 09 and 50% retracement, where any stronger pullback should be contained, to keep larger bulls intact. However, only regain of 0.9455 lower platform, would shift focus higher. Res: 0.9412; 0.9455; 0.9483; 0.9500 Sup: 0.9337; 0.9300; 0.9280; 0.9222 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro erased last Friday’s gains, after rally stalled near 1.3567 peak and subsequent reversal dipped close to 1.3500 handle. Negative sentiment was confirmed by gap-lower opening, with price moving in the lower part of 1.3460/1.3567, one-week range. Hourly studies turned negative and keep the downside at risk, while 4-hour indicators are at the midlines. Bearish trigger will be seen on violation of strong 1.3460 / 50 support zone, where the range floor is reinforced by 55DMA and double Fibonacci, 23.6% retracement of 1.3103/1.3567 upleg and 50% of 1.3337/1.3567, as break here is expected to confirm double-top formation and open fresh leg lower towards 1.3400, round figure / 38.2% of 1.3103/1.3567 next. Conversely, bounce above 1.35 barrier, would avert immediate downside risk and signal continuation of sideways trading. Res: 1.3505; 1.3522; 1.3536; 1.3563 Sup: 1.3476; 1.3461; 1.3450; 1.3425 GBPUSD Cable remains firm, as fresh extension higher completed near-tern 1.6161/1.5953 corrective phase. The price posted marginally fresh high at 1.6179, with positively aligned near-term technicals being supportive for possible attack at psychological 1.6200 barrier. However, overbought conditions on lower timeframes studies, see corrective pullback preceding fresh rally, with initial support at 1.6130, Friday’s intraday high / 23.6% of 1.5953/1.6179, ahead of 1.6100, 38.2% retracement / 26/09 high / 55DMA, seen as ideal reversal point. Overbought daily studies, however, require caution. Res: 1.6179; 1.6200; 1.6250; 1.6300 Sup: 1.6130; 1.6100; 1.6060; 1.6028 USDJPY The pair remains under pressure, as repeated failures to clear 99.00 barrier and trendline resistance, extended bears through triangle support at 98.47and previous low at 97.75. The fall retraced 61.8% of 95.78/100.60 rally, keeping the downside in near-term focus. Negative near-term studies and gap-lower opening today, maintain the pressure, with daily indicators breaking into negative territory, supporting the notion. Next supports lay at 96.90 higher platform and Fibonacci 76.4% and 96.80, 28/08 low, while initial barriers lay at 98.00/30 zone. Res: 98.00; 98.30; 98.50; 98.80 Sup: 97.62; 97.00; 96.90; 96.80 AUDUSD The Aussie remains at the back foot, as the price continues to move lower, with psychological 0.9300 support being cracked on extension to 0.9280, Fibonacci 38.2% of 0.8891/0.9526. Prevailing negative tone on near-term studies keeps the downside at risk, with extension below strong 0.9220/00 support zone, higher platform / 50% retracement, to confirm near-term top and allow for further easing. Initial barriers lay at 0.9330 zone, while only regain of 0.9400 handle, would ease immediate bear pressure. Res: 0.9330; 0.9373; 0.9400; 0.9455 Sup: 0.9280; 0.9222; 0.9200; 0.9134 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro regained strength after Monday’s weakness was contained above near-term consolidation floor and 55 DMA, with fresh gains above 1.35 handle, aiming towards the range’s upper boundary. Lower timeframes studies are positive and support final push through 1.3567 peak, for resumption of larger uptrend towards initial barrier at 1.3600 and key resistance and near-term target at 1.3710, 01/02 annual high. Initial supports lay at 1.3536 and 1.3517, while loss of 1.3500 would weaken the structure again. Res: 1.3563; 1.3567; 1.3600; 1.3650 Sup: 1.3536; 1.3517; 1.3500; 1.3476 GBPUSD Cable remains firm and continues to trend higher, as final push through 1.6179/1.6200 hurdles, resumes the larger uptrend from 1.4812, annual low. As the last obstacles en-route to short-term targets at 1.6308 and 1.6380 were cleared, likely scenario would be test of Apr/Sep 2012 highs at 1.6300/08 and 1.6380, 2012 high. Positive technicals support the notion, however, overbought conditions on lower timeframes, suggest corrective easing, with initial supports at 1.6200 and 1.6179/61, previous highs. Res 1.6300; 1.6308; 1.6350; 1.6380 Sup: 1.6200; 1.6180; 1.6161; 1.6126 USDJPY The pair remains under pressure, as recovery rally from fresh low at 97.48 was capped by bear-trendline at 97.70. Hourly studies are losing traction, with 4-hour technicals maintaining negative tone that sees increased risk of lower top formation and resumption of bear phase from 100.60, with slide below 97.48, required to confirm. Bearish continuation to focus 97.00 zone, higher platform / Fibonacci 76.4% of 95.78/100.60 and broken bear channel line, drawn off 101.52 peak. Any stronger recovery would require clear break above 99.00 barrier, to avert immediate downside risk. Res: 98.00; 98.45; 98.71; 99.00 Sup: 97.62; 97.48; 97.00; 96.90 AUDUSD The Aussie regains strength after repeated attempt lower was contained at 0.9280, Fibonacci 38.2% of 0.8891/0.9526 rally, where near-term **** has been formed. Fresh rally above 0.9400 barrier, also 50% of 0.9526/0.9280 fall, turns near-term technicals positive and shifts focus higher. However, to confirm higher low formation, regain of lower top at 0.9455 is required. Overbought hourly studies see risk of corrective pullback, with dips to be ideally contained at 0.9350 zone. Res: 0.9422; 0.9455; 0.9483; 0.9500 Sup: 0.9390; 0.9368; 0.9350; 0.9334 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro completed near-term consolidative phase and broke above range tops at 1.3567/79, to crack the next barrier at 1.3600, with fresh high being posted at 1.3622. The last significant hurdle on the way towards short-term target at 1.3710, 2013 high, has been dented that signal final push higher for completion of multi-month 1.3710/1.2744 corrective phase. Near-term technicals are positively aligned, however, caution is required, as overbought hourly conditions and formation of 4-hour RSI / MACD bearish divergence, would signal further hesitation at 1.36 zone. Initial support lies at 1.3576 higher low, ahead of 1.3550, 50% of 1.3476/1.3622 upleg and pivotal 1.3500 support, higher platform and 4-hour Ichimoku cloud top, loss of which would be bearish. Alternatively, close above 1.36 handle, is required to confirm bullish resumption. Res: 1.3622; 1.3658; 1.3700; 1.3710 Sup: 1.3576; 1.3550; 1.3532; 1.3500 GBPUSD Cable trades in a near-term consolidative mode, after renewed attempt higher stalled on approach to the fresh high at 1.6259, posted on 01/10. Overall bulls, however, remain intact and keep focus at short-term targets at 1.63 zone and 2013 high at 1.6380, posted on 02/01. Further consolidation is not ruled out, as near-term indicators are in descending mode, with higher low at 1.6160, expected to hold. Otherwise, break lower would signal stronger corrective action, with overbought daily studies supporting the notion. Res 1.6239; 1.6250; 1.6259; 1.6300 Sup: 1.6200; 1.6160; 1.6126; 1.6100 USDJPY The pair remains pressured, as fresh extension of near-term downleg from 100.60, broke below bull trendline off 93.78, 13/06 low, approaching psychological 97.00 level, ahead of more significant 96.80, 28/08 higher low. With near-term indicators holding in the negative territory, further easing is seen favored, with break below 96.80, also near 76.4% retracement of 95.78/100.60 ascend, expected to open 96.55, 200DMA and key 95.78 support, 08/08 low. Corrective rallies may precede fresh weakness, with initial resistances laying at 98.00/28 and rallies seen limited under 98.71, 01/10 lower top. Res: 98.00; 98.28; 98.71; 99.00 Sup: 97.13; 97.00; 96.80; 96.55 AUDUSD The pair holds positive near-term tone off 0.9280 ****, as pullback from recovery top at 0.9434, found footstep at 0.9332. The rally cracked psychological 0.9400 barrier, with clear break here and 0.9434, required to confirm higher low formation and allow for further recovery. Conversely, rejection under 0.9432, would keep the downside vulnerable and signal prolonged consolidation, as long as 0.9280 support holds. Res: 0.9400; 0.9409; 0.9434; 0.9455 Sup: 0.9365; 0.9332; 0.9300; 0.9280 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains in near-term corrective mode, off fresh high at 1.3645, with weekly close at 1.3550, where 4-hour 55DMA / Fibonacci 61.8% of 1.3476/1.3645 contained pullback. Positive structure on 4-hour chart, along with weekly gap-higher opening, holds the overall positive sentiment, however, week hourly studies keep the downside at risk. Extension below session lows at 1.3560 and Last Friday’s low at 1.3537, is expected to increase downside pressure towards 1.3500 higher low and pivotal 1.3460 platform. Conversely, lift above 1.3600 barrier, is required to bring bulls in play for retest of 1.3645 and final push towards short-term target at 1.3710. Res: 1.3578; 1.3600; 1.3630; 1.3645 Sup: 1.3560; 1.3537; 1.3500; 1.3460 http://mediaserver.fxstreet.com/Repo...1007073006.png GBPUSD Cable slumped on Friday and fully retraced 1.5998/1.6259 bull-leg, with psychological 1.6000 support offering temporary support, as near-term studies entered oversold territory. Bears remain fully in play and keep the downside at increased risk, with break below 1.6000 handle expected to open higher platform at 1.5940, also 38.2% retracement of 1.5427/1.6259 rally. Loss of the latter to confirm near-term top at 1.6259 and allow for stronger corrective action that would put larger bulls on hold. Initial resistances lay at 1.6076 and 1.6100, while regain of 1.6150/77 hurdles is required to neutralize immediate bears. Res 1.6076; 1.6100; 1.6133; 1.6150 Sup: 1.6005; 1.5980; 1.5941; 1.5900 http://mediaserver.fxstreet.com/Repo...1007072944.png USDJPY The pair remains under pressure, with near-term consolidation near fresh lows at 97.00 zone, being under way. Negative tone prevails on lower timeframes studies that keep focus at key near-term support at 96.80, loss of which to complete 96.80/100.60 bull-phase and open way for full retracement of larger 95.78/100.60 ascend. Corrective rallies should be ideally capped at 98.00 zone, while only regain of 99.00 barrier, would avert downside risk. Res: 97.47; 97.86; 98.00; 98.28 Sup: 96.92; 96.80; 96.55; 96.00 http://mediaserver.fxstreet.com/Repo...1007072918.png AUDUSD Near-term structure remains positive, as rally from 0.9280 **** retraced nearly 76.4% of 0.9526/0.9280 descend, on extension to 0.9457, pivotal point. Consolidative action is expected to precede fresh rally, with 0.9350 zone, 61.8% of 0.9280/0.9457, seen as ideal reversal point, to keep near-term bulls intact. Clearance of 0.9457 is required to open key barrier at 0.9526, 18/09 peak. Alternatively, slide below 0.9350 would open higher platform at 0.9332 and weaken near-term structure, with increased downside risk seen on violation of 0.9300/0.9280 supports. Res: 0.9425; 0.9457; 0.9500; 0.9526 Sup: 0.9389; 0.9368; 0.9350; 0.9332 http://mediaserver.fxstreet.com/Repo...1007072855.png |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro consolidates within 1.3540/90 range, after pullback from 1.3645 peak found support at 1.3540, Fibonacci 61.8% retracement of 1.3476/1.3645 upleg. Hourly studies are weak, while 4-hour RSI holds in the neutral area; MACD just above the midline and loss of momentum maintains the downside risk. However, the downside is for now protected by ascending 55DMA, currently at 1.3543 that makes initial support, ahead of range floor at 1.3540, while sideways-moving 20DMA at 1.3572 limits upside attempts, ahead of range top at 1.3590. Break of either side to define near-term direction, with 4-hour bearish divergence, seeing more downside risk. Bearish resumption requires break below 1.3540/00 supports to open way for further correction, while alternative scenario sees break above 1.3600 barrier, needed to neutralize near-term bears. Res: 1.3590; 1.3600; 1.3630; 1.3645 Sup: 1.3555; 1.3537; 1.3500; 1.3460 GBPUSD Cable corrects recent losses that found support at important 1.6000 zone, with rally being so far capped at 1.61 zone, also Fibonacci 38.2% retracement of 1.6259/1.6005 decline. Slightly improved hourly studies still lack momentum for further recovery, as bears dominate on 4-hour studies and price action being limited by 20/55DMA’s bearish crossover. Downside risk remains in play and sees potential for further corrective easing, with slide below 1.6000 handle, expected to open next supports at 1.5940, 24/09 higher low and Fibonacci 38.2% of 1.5427/1.6259 rally and psychological 1.5900 support. Break here to signal near-term top at 1.6259 and allow for deeper pullback of larger 1.4812/1.6259 rally that would also put aside near-term targets at 1.6300/80. Regain of 1.6180/1.6200 barriers is required sideline downside risk and signal higher low formation. Res 1.6100; 1.6133; 1.6162; 1.6199 Sup: 1.6060; 1.6024; 1.6005; 1.5980 USDJPY The greenback remains at the back foot against the yen, as confirmed break below 97.00/96.80 supports, heads towards the next significant level at 95.78, 08/08 low. The price action cracked 200DMA at 96.70, with losses being so far contained by broken bear-trendline and previous channel resistance, drawn off 101.52 peak. Corrective bounce above 97.00 barrier, triggered by oversold near-term studies, should not have stronger impact, as structure remains negative and keeps the downside favored. Immediate barriers lay at 95.47, and 4-hour 55DMA at 97.70, with rallies to be ideally capped at 98.00/50 zone, to maintain negative sentiment. Res: 97.21; 97.47; 97.70; 98.00 Sup: 96.55; 96.00; 95.90; 95.78 AUDUSD Near-term focus shifts higher, as the price extends rally from 0.9280 near-term **** and approaches pivotal 0.9455 barrier, on a renewed attack. With hourly studies moving out of neutral mode and 4-hour indicators, being in positive territory, near-term scenario favors further bulls and eventual attempt at key barrier at 0.9526, 18/09 peak. However, clearance of 0.9455, is seen as initial requirement. Otherwise, prolonged consolidation above 0.9280, would the likely scenario. Res: 0.9457; 0.9500; 0.9526; 0.9550 Sup: 0.9410; 0.9389; 0.9368; 0.9350 |
| ÇáÓÇÚÉ ÇáÂä 11:41 PM |
Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO ÇáÏæáÇÑ ÇáÚÑÈì
@ ÌãíÚ ÇáÍÞæÞ ãÍÝæÙÉ áãäÊÏíÇÊ ÇáÏæáÇÑ ÇáÚÑÈì @ ÇáãÔÇÑßÇÊ ÊÚÈÑ Úä æÌåÉ äÙÑ ßÇÊÈåÇ¡.. æáÇ ÊÚÈÑ ÈÇáÖÑæÑÉ Úä æÌåÉ äÙÑ ÇáãäÊÏì @