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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro fell to the near-term range floor at 1.3540 zone, reinforced by 4-hour Ichimoku cloud top, after repeated failure at 1.3600 barrier triggered quick pullback. Having cracked 4-hour 55DMA that so far protected the downside, the pair risks further easing, as hourly studies are negatively aligned and 4-hour indicators breaking into negative territory. The initial trigger will be loss of 1.3540 that would open way towards 1.3500 and more significant 1.3460 higher platform, below which to confirm reversal and near-term top at 1.3645. Alternatively, holding above 1.3540, would signal prolonged sideways movements, with only break above 1.3600, required to shift near-term focus higher and re-expose key 1.3645 peak. Res: 1.3562; 1.3583; 1.3600; 1.3630 Sup: 1.3544; 1.3537; 1.3500; 1.3460 GBPUSD Cable’s near-term recovery attempt off 1.6005 low failed of repeated attack at 1.6123, yesterday’s high and immediate reversal brought the price the mid–point zone of entire 1.6005/1.6123 rally. With hourly indicators sliding below the midlines, as price action establishes below hourly 20/55DMA’s bearish crossover, as well as negative 4-hour structure, immediate risk is seen on renewed attempt at 1.6000 ****. Break here to confirm formation of the double-top at 1.6123/21 and the third wave of the downmove from 1.6259 that could extend to 1.5955, 24/09 higher low and Fibonacci 61.8% expansion. Alternative scenario requires clearance of 1.6121/23 peaks, as well as 50% retracement of 1.6259/1.6005 descend at 1.6132, to ease immediate bear-pressure and allow for further recovery. Res 1.6085; 1.6100; 1.6123; 1.6132 Sup: 1.6024; 1.6005; 1.5980; 1.5955 USDJPY The pair trades in near-term corrective mode off fresh low at 96.55, where broken bear-trendline from 101.52 and previous channel resistance, contained losses for now. The price action regained important 97.47 lower high of 04/10, extending the upleg from 96.81, where higher low was left. Positive hourly structure supports further correction, with dips expected to hold above 97.00, 20/55 bullish crossover, to maintain positive sentiment. Clear break above 97.47 to confirm near-term **** and open way towards next significant barriers at 97.86, 03/10 lower top and 98.10, 50% retracement of 99.65/96.55 downleg. Conversely, failure to sustain break above 97.47, would keep the downside at risk, as larger picture bears remain in play and eye full retracement of 97.58/101.52 rally. Res: 97.47; 97.86; 98.10; 98.28 Sup: 97.10; 96.81; 96.55; 96.00 AUDUSD Near-term focus shifts higher, as the price extends rally from 0.9280 near-term **** and breaks above pivotal 0.9455 barrier. Pullback from fresh high at 0.9483, could be seen as corrective, despite weakened hourly studies, as the fall was contained at 0.9410 ****, reinforced by 55DMA and 50% retracement of 0.9526/0.9280 descend. Fresh attempt higher is supported by positive 4-hour studies, with break above 0.9483 and psychological 0.9500 hurdles, to open way for final push towards key 0.9526 barrier and possibly resume larger recovery rally from 0.8891. Conversely, loss of 0.9400 support, would weaken the near-term structure. Res: 0.9454; 0.9483; 0.9500; 0.9526 Sup: 0.9410; 0.9389; 0.9368; 0.9350 |
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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains at the back foot, as break below initial 1.3540 support, triggered fresh acceleration that fully retraced 1.3500/1.3645 upleg. Break below 1.3500 support, focuses strong support zone at 1.3460/40, higher platform / previous peak of 20/08 and Fibonacci 38.2% retracement of 1.3103/1.3645 rally. Negative near-term technicals favor the scenario, with consolidative action on oversold hourly studies, expected to precede fresh weakness. Any stronger rally should stay capped under 1.3545/65, Fibonacci 38.2% and 50% of 1.3645/1.3484 downleg, to keep freshly established bears in play. Res: 1.3525; 1.3545; 1.3565; 1.3583 Sup: 1.3484; 1.3460; 1.3440; 1.3400 GBPUSD Cable came under increased pressure yesterday, with fresh bearish acceleration extending reversal from 1.6259 peak below 1.6000 handle and approaching the next support at 1.5900. The third wave that commenced from 1.6123 lower top, could travel to 1.5871/57, main bull trendline off 1.4812 and 100% Fibonacci expansion, with negative near-term studies supporting the notion. Bears may be interrupted by consolidative action, as hourly and 4-hour studies are oversold, with 1.6000, previous support, now offering solid resistance. Res 1.5965; 1.6000; 1.6041; 1.6081 Sup: 1.5912; 1.5900; 1.5871; 1.5857 USDJPY The pair extends near-term correction through initial barrier at 97.47 and Fibonacci 38.2% of 99.65/96.55 descend, approaching initial barriers at 98.00/10, psychological resistance / 50% retracement. Positively aligned near-term studies support further advance, however, overbought hourlies may delay rally. Clear break above 98.00 resistance zone is required to confirm freshly established uptrend and near-term **** at 96.55, for stronger recovery towards next significant barrier at 99.00. Corrective dips should be contained above higher low at 97.11, to maintain bulls. Res: 97.81; 98.00; 98.10; 98.28 Sup: 97.45; 97.11; 96.81; 96.55 AUDUSD The pair came under pressure, as recovery attempt off 0.9280 failed to sustain break above 0.9455 barrier, with extension higher stalling at 0.9483 and subsequent pullback probing levels below 0.9400 support. Hourly studies turned negative, while 4-hour indicators are heading south that keeps the downside at risk, as the pullback retraced nearly 50% of 0.9280/0.9483 rally. Further easing would signal prolonged consolidation under 0.9526 high, as the price holds within 0.9280/0.9500 range. However, positive daily studies keep the upside in focus, with price action required to hold above key near-term support at 0.9280. Res: 0.9422; 0.9471; 0.9483; 0.9500 Sup: 0.9388; 0.9358; 0.9332; 0.9300 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro ended week in the positive tone, closing just below psychological 1.37 barrier that was cracked last Friday. Annual high at 1.3710 remain in immediate focus, with break here to extend the third wave that commenced from 1.3103, 01/09 higher low and could travel to 1.3803, its 100% Fibonacci expansion and 1.3832, 61.8% Fibonacci retracement of larger 1.4938/1.2042 bear-phase. Bulls remain in play in near-term technicals, however, further consolidation cannot be ruled out, as studies on 4-hour chart are overextended. Current consolidation floor at 1.3658, along with previous peak at 1.3645, offers initial support, ahead of 1.3614/1.3587, 50% / 61.8% of 1.3472/1.3702, the latter being reinforced by 55DMA and seen as ideal reversal point. Key near-term supports and breakpoints lay at 1.3472/50, 16/10 low / 20/08 peak and only break here would neutralize near-term bulls. Res: 1.3702; 1.3710; 1.3750; 1.3800 Sup: 1.3658; 1.3645; 1.3614; 1.3587 GBPUSD Cable consolidates fresh gains on Friday, when the price peaked at 1.6223 and corrective pullback being established above 1.6140, consolidative floor. However, downside risk persists, as hourly indicators head south and 4-hour conditions being overextended. This suggests further consolidative / corrective action that may precede eventual push towards near-term target at 1.6259, 01/10 high, with further easing to be ideally contained at 1.6100, Fibonacci 61.8% retracement of 1.5892/1.6223 rally. Only break below 1.6058, 50% retracement and 55DMA, would neutralize immediate bulls. Daily studies remain positive, as the bull trendline holds, however, Friday’s Doji, suggests hesitation on approach to key near-term barrier at 1.6259. Res: 1.6177; 1.6200; 1.6223; 1.6259 Sup: 1.6140; 1.6123; 1.6100; 1.6058 USDJPY The pair trades in near-term consolidative mode, off fresh low at 97.54, with upside being capped at 98.14 for now. Prevailing negative tone on 4-hour chart, keeps the downside at risk, with fresh weakness through 97.54, also near 61.8% retracement of 96.55/98.99 upleg, to open way for further easing and expose 97.13/00, 76.4% retracement / round-figure support. Conversely, fresh bulls, built on hourly chart, may prolong consolidative phase and possibly shift near-term focus higher, in case price sustain break above 98.27/44, Fibonacci 50% / 61.8% retracement of 98.99/97.54 downleg. Res: 98.14; 98.27; 98.44; 98.65 Sup: 97.91; 97.76; 97.54; 97.13 AUDUSD The pair remains supported and continues to trend higher, as upside acceleration through psychological 0.9600 barrier, tested near-term target at 0.9664, 14/06 peak and Fibonacci 61.8% expansion of the third wave from 0.9280 higher low. Break here to open psychological 0.9700 barrier and 0.9714, 50% retracement of larger 1.0581/0.8846 descend, net targets. Extension of the third wave from 0.9280 higher low, could travel to 0.9905/18, Fibonacci 100% expansion and 61.8% retracement of 1.0581/0.8846, once 0.9700/14 barriers are cleared. Near-term studies are positive, however, corrective easing is seen as likely near-term scenario, as 4-hour RSI is in overbought territory and studies are overextended. Immediate supports lay at 0.9641/00, with previous peak at 0.9526, also 38.2% retracement of 0.9280/0.9678 rally, expected to contain. Res: 0.9678; 0.9700; 0.9714; 0.9770 Sup: 0.9641; 0.9600; 0.9546; 0.9526 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in widened consolidative range, with downside being for now protected by hourly 55DMA / 4-hour 20DMA at 1.3650, also Fibonacci 23.6% of 1.3472/1.3702 ascend and previous high of 03/10. Hourly studies are neutral to negative, with further sideways mode seen while 1.3650 holds. On the other side, 4-hour indicators are descending from overextended territory that keeps the downside vulnerable of further corrective easing. Below 1.3650 handle, Fibonacci 38.2% at 1.3614, will come next, along with 1.3600, high of 14/10 and 4-hour 55DMA, levels seen as ideal reversal point, ahead of fresh attack at short-term target at 1.3710, with 1.3800, Fibonacci 100% expansion of the wave from 1.3103, seen as next target. Any break below 1.3600 would delay bulls for further consolidation, with pivotal near-term support lying at 1.3470 zone. Res: 1.3687; 1.3702; 1.3710; 1.3750 Sup: 1.3650; 1.3614; 1.3600; 1.3587 GBPUSD Cable moves lower after losing initial support at 1.6140, with hourly studies turning negative, as the price heads towards psychological 1.6100 support, also Fibonacci 38.2% of 1.5892/1.6223 rally. Indicators on 4-hour chart slide from overbought territory and support the idea of further corrective easing that would be triggered on a break below 1.6100 handle. Next significant level stands at 1.6075, 50% retracement and 4-hour 55DMA, below which, risk of lower top at 1.6223 would increase, with break below near-term **** and pivotal point at 1.5900 zone, required to activate negative scenario and allow for stronger pullback. Reversal above 1.6000, psychological and trendline support, would keep larger bulls intact for renewed attempt towards 1.6223 and key 1.6259 resistance. Res: 1.6138; 1.6177; 1.6200; 1.6223 Sup: 1.6114; 1.6100; 1.6058; 1.6018 USDJPY The pair remains supported and heads higher, as break above initial 98.14 barrier extended recovery rally from 97.54 low. Positively aligned hourly structure supports further upside with break above 98.50 barrier, near 61.8% of 98.99/97.54 downleg, required to confirm bullish resumption and focus key near-term hurdle at 98.99, 17/10 peak. On the other side, weak 4-hour studies would keep the downside risk in play, while below 98.50, with loss of initial 98.00 support, seen as spark for further weakness towards 97.54, 18/10 low. Loss of the latter to bring bears fully in play and confirm lower top formation. Res: 98.44; 98.65; 98.99; 99.65 Sup: 98.14; 98.00; 97.73; 97.54 AUDUSD The pair remains supported as upside acceleration through psychological 0.9600 barrier, cleared near-term target at 0.9664, 14/06 peak and Fibonacci 61.8% expansion of the third wave from 0.9280 higher low. Psychological 0.9700 barrier and 0.9714, 50% retracement of larger 1.0581/0.8846 descends, come in near-term focus, however, rally is likely to be preceded by current consolidative action, with 0.9600 support expected to hold. Extension of the third wave from 0.9280 higher low, could travel to 0.9905/18, Fibonacci 100% expansion and 61.8% retracement of 1.0581/0.8846, once 0.9700/14 barriers are cleared. Near-term studies are positive, however, 4-hour indicators moving from overbought territory, favor further consolidation. Only break below 0.9600 handle would delay and open next significant support at 0.9526, previous peak and 38.2% retracement of 0.9280/0.9678 rally. Res: 0.9678; 0.9700; 0.9714; 0.9770 Sup: 0.9641; 0.9600; 0.9546; 0.9526 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro got unleashed again, after weaker than expected US jobs data pushed the dollar significantly lower. The single currency completed multi-year 1.3710/1.2042 bear-phase on a break above 1.3710, 2013 annual peak. Fresh extension higher reached levels close to psychological 1.3800 barrier, with next target lying at 1.3832, Fibonacci 38.2% retracement of 1.4938/1.2042 descend. Overbought near-term technicals suggest hesitation ahead of 1.38 barrier, with corrective easing to face initial supports at 1.3710/00, ahead of 1.3670, 38.2% retracement of 1.3472/1.3792 rally and higher **** at 1.3650, where dips should be ideally contained. Res: 1.3792; 1.3832; 1.3850; 1.3900 Sup: 1.3710; 1.3670; 1.3650; 1.3630 GBPUSD Cable enters near-term corrective mode, following yesterday’s fresh rally above 1.6223 barrier that stalled on approach to key resistance at 1.6259. Weakening hourly studies bring immediate threat towards strong 1.6114 support and higher low that also marks 38.2% retracement of 1.5892/1.6254 upleg. Potential break here would sideline immediate bulls and push the price towards mid-points of near-term 1.5892/1.6259 range. Alternatively, fresh attempt at 1.6259 and break above 1.6259, towards short-term targets at 1.6300/80, would be likely scenario, as 4-hour studies remain bullish. However, caution is required, as daily technicals are losing momentum. Res: 1.6200; 1.6223; 1.6254; 1.6259 Sup: 1.6114; 1.6100; 1.6073; 1.6030 USDJPY The pair came under increased pressure recovery rally from 97.54 stalled at 98.44 and subsequent weakness erased gains on break below 97.54 handle. Immediate targets at 97.13, 76.4% of 96.55/98.99 and psychological 97.00 support, come under pressure, as the lower top was formed at 98.44. Extension of near-term downtrend from 98.99, would look for full retracement of 96.55/98.44, once 97.00 is cleared. Negative near-term studies support the notion, however, bears may be delayed, as hourly studies are oversold, with corrective bounce expected to hold below 98.00, 20/55DMA’s bearish crossover. Only break above 98.44 would improve near-term structure and avert immediate downside risk. Res: 97.54; 97.85; 98.00; 98.20 Sup: 97.25; 97.13; 97.00; 96.55 AUDUSD The pair remains supported as fresh extension higher posted new high at 0.9755, earlier today. Break above 0.9714, 50% retracement of larger 1.0581/0.8846 descend, with positive overall picture, keeps the upside favored, with current corrective pullback expected to precede fresh attempt higher. Initial supports lay at 0.9630/00, session low / round figure support, the latter being underpinned by rising 55DMA. Any deeper dips, however, should not exceed 0.9500 support, also 50% of 0.9280/0.9755 rally. Upside extension above 0.9755, would look for 0.9770/90; 04/03 / 06 peaks. Res: 0.9678; 0.9700; 0.9755; 0.9770 Sup: 0.9630; 0.9600; 0.9574; 0.9526 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro resumes bulls and cracks psychological 1.38 barrier, after near-term consolidation under the latter was completed. Extension of the third wave that commenced from 1.3103, 06/09 higher low that broke above its 100% Fibonacci expansion at 1.3797, focuses the next target at 1.3832, Fibonacci 38.2% retracement of larger 1.4938/1.2744 bear-phase, above which, psychological 1.4000 barrier would come in near-term focus. Near-term studies are positive and support further upside, with overbought 4-hour conditions suggesting a pause in current rally. Consolidation range floor at 1.3740 offers initial support, ahead of 1.3710/00, previous peak / round figure support. Res: 1.3832; 1.3857; 1.3900; 1.3935 Sup: 1.3773; 1.3740; 1.3710; 1.3650 GBPUSD Cable heads higher after quick pullback from 1.6254, yesterday’s upside rejection, found support at 1.6115, previous low of 22/10 and Fibonacci 38.2% retracement of 1.5892/1.6254 upleg. Hourly studies are gaining traction, with caution required on 4-hour RSI / MACD bearish divergence, as failure to clear important 1.6254/59 barriers, would trigger further consolidation. However, while 1.6115/00 support zone holds, near-term focus will remain at the upper boundary of congestion, otherwise more negative tone would be seen on a break below 1.6100 that would increase risk of attempts through psychological 1.6000 support and re-visit of key near-term support and higher platform at 1.5900 zone. Res: 1.6223; 1.6254; 1.6259; 1.6300 Sup: 1.6160; 1.6115; 1.6100; 1.6073 USDJPY The pair came remains under pressure, as near-term technicals maintain negative tone, with price action being entrenched within narrow consolidative range above fresh low at 97.13, also Fibonacci 76.4% retracement of 95.55/98.99. Extension of near-term downtrend from 98.99 and full retracement of 96.55/98.99 upleg, is seen as preferred scenario, with loss of 97.00 handle, required to confirm. Further consolidation, howvere, cannot be ruled out, with psychological / 20/55DMA’s bullish crossover barrier, expected to cap. Only break above 98.47, 22/10 lower top, would revive bears and turnd focus higher. Res: 97.85; 98.00; 98.18; 98.47 Sup: 97.13; 97.00; 96.55; 96.00 AUDUSD Near-term risk of further easing from fresh high at 0.9755 increases, as near-term studies are losing traction and rally was capped by 200DMA, despite sharp pullback from 0.9755 finding ground at 0.9600 zone, also 55DMA, where basing attempt is evident. Positively aligned hourly studies are lacking strength for push through 0.9680/0.9700 barriers and Fibonacci 50% / 61.8% retracement of 0.9755/0.9606, break of which is required to re-focus 0.9755. Otherwise, risk of further correction of larger 0.9280/0.9577 rally, would persist, as loss of 0.9600 handle is expected to confirm and open next targets at 0.9574, 38.2% and 0.9526/18, previous peak / 50% retracement of the entire rally, along with psychological 0.9500 support that should contain any extension lower. Overextended daily technicals also suggest that caution is required. Res: 0.9678; 0.9700; 0.9755; 0.9770 Sup: 0.9643; 0.9600; 0.9574; 0.9526 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro stabilizes around 1.38 handle, where the price closed for the week, after posting fresh high at 1.3831, Fibonacci resistance. Overall tone remains positive, however, descending indicators on 4-hour chart suggest further consolidation that was signaled by Friday’s Doji. Also overbought daily studies see risk of a pause in near-term rally. Initial support lies at 1.377, consolidation floor /Fibonacci 38.2% of 1.3664/1.3831 upleg, ahead of strong 1.37 zone, previous highs / 38.2% retracement and 1.3650 higher low / 50%, where stronger dips should find a footstep. On the upside, break above 1.3831 to focus 1.3900 initially. Res: 1.3817; 1.3837; 1.3857; 1.3900 Sup: 1.3770; 1.3750; 1.3700; 1.3650 GBPUSD Cable trades in prolonged consolidative phase, with price action being established within 1.6254/1.6114 range, following repeated failure at key 1.6254/59 barrier. Hourly technicals are weak, while 4-hour chart indicators are losing traction, as the price moves within hourly triangular consolidation. Increased downside risk would be seen on a break below 1.6114/00 support zone, as this would also signal double-top formation on 4-hour chart and keep the upside targets on hold. Conversely, sustained break above 1.6200 handle, would shift near-term focus towards key barriers and breakpoints at 1.6254/59, above which to signal resumption of larger uptrend and focus short-term targets at 1.6300/80. Res: 1.6221; 1.6245; 1.6254; 1.6259 Sup: 1.6168; 1.6148; 1.6114; 1.6100 USDJPY The pair regains strength and averts immediate downside risk, as bounce off 97.00 support zone that was cracked last Friday, retraces over 50% of 98.47/96.93 downleg, on a weekly gap-higher opening. Hourly studies turned positive, however, weak tone prevails on 4-hour chart, as the price remains in near-term downtrend from 98.99 and current rally being capped by 55DMA at 97.74. Regain of 98.00 and more significant 98.47 lower top, is required to shift focus higher, otherwise, fresh lower top and extension of larger downtrend, would be likely near-term scenario. Initial support lies at 97.43, session low / 20/55DMA’s bullish crossover, while, extension below 96.93 handle would open way for full retracement of 96.55/98.99 ascend. Res: 97.74; 98.00; 98.18; 98.47 Sup: 97.43; 96.93; 96.55; 96.00 AUDUSD Near-term price action remains under pressure, as extension from 0.9670, where the lower top was left, broke below initial 0.9600 support. Fresh extension lower retraced 38.2% of 0.9280/0.9755 rally on a dip to 0.9571 so far, with near-term indicators sliding into negative territory. Initial targets lay at 0.9526/18, previous peak / 50% retracement, along with psychological 0.9500 support, reinforced by daily 55DMA. Break here to neutralize near-term bulls and spark stronger correction of larger 0.9280/0.9755 rally, as the upside remains capped by descending 200DMA. Corrective attempts face initial resistance at 0.9622, with 0.9670 expected to cap. Res: 0.9622; 0.9670; 0.9700; 0.9755 Sup: 0.9571; 0.9526; 0.9500; 0.9461 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in extended consolidative phase, off fresh high at 1.3831, with price holding for now within 1.3760/1.3831 range. Negatively aligned hourly studies keep the downside risk in play while the price stays below 1.38 barrier, as 4-hour indicators are heading south and support the notion. Break below initial support at 1.3760 and more significant 1.3740 higher low / 50% retracement of 1.3649/1.3831 upleg, to spark stronger pullback and expose next layer of supports at 1.3700 zone. Overall bullish structure, however, keeps the upside favored, with 1.3900 target seen on extension through 1.3831. Res: 1.3800; 1.3817; 1.3831; 1.3857 Sup: 1.3760; 1.3740; 1.3700; 1.3650 GBPUSD Cable lost traction, as the upside remains capped at 1.62 barrier and fresh weakness through 1.6114, near-term range floor and psychological 1.61 handle, weaken the structure. The price reached the mid-point of larger 1.5892/1.6254 range, with negatively aligned technicals, seeing risk of extension towards the range floor and higher **** at 1.59 zone. Loss of psychological 1.6000 support is required to confirm. On the larger picture, one-month range-trading remains in play, however, break below the main bull trendline and south-heading daily indicators, increase the downside risk. Break of either side of the range is required to define fresh direction. Res: 1.6123; 1.6163; 1.6207; 1.6245 Sup: 1.6063; 1.6030; 1.6000; 1.5977 USDJPY Overall bears off 98.99 peak remains in play, as recovery attempt off fresh low at 96.93 were for now capped by 55DMA / bear-trendline at 97.75. Weak near-term studies keep the downside at risk, as long as the price holds below the trendline, with lower top formation seen as likely near-term scenario. Return to 97.00 support zone, the last obstacle en-route to 96.55 target, is required to confirm bearish resumption. Otherwise, prolonged corrective action would be seen on a lift above 97.75. However, only regain of 98.47 lower top, would bring bulls fully in play and shift near-term focus higher. Res: 97.75; 98.00; 98.18; 98.47 Sup: 97.43; 97.16; 96.93; 96.55 AUDUSD The pair remains under pressure, as fresh extension from 0.9621 lower top approached psychological 0.9500 support. With over 50% of 0.9280/0.9755 rally being retraced so far, risk of further retracement increases, with break below 0.9500 handle seen as a trigger. Oversold near-term conditions, however, see consolidative phase preceding fresh weakness that would look for 0.9460, 61.8% and higher platform at 0.94 zone, once price loses 0.95 handle. On the upside, initial resistance lies at 0.9570 lower platform, with regain of 0.96 barrier, expected to face strong resistance at 0.9621/28, lower top / 50% retracement of 0.9755/0.9502 downleg, where stronger rallies should be capped. Res: 0.9554; 0.9571; 0.9600; 0.9628 Sup: 0.9500; 0.9461; 0.9400; 0.9388 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro came under increased pressure as pullback from fresh high at 1.3831 cracked strong support at 1.3740, 23/10 low / 50% retracement of 1.3649/1.3831 upleg. The fall as temporarily contained by 55DMA / 4-hour cloud top at 1.3732, however, negatively aligned near-term technicals see risk of further retracement. Clear break below 1.3740 to open strong supports at 1.37 zone and pivotal 1.3650 support, 03/10 high / 21/10 low, in extension. Corrective rallies should be capped at 1.38 zone, where yesterday’s repeated attempt higher failed, to keep near-term bears in play. Res: 1.3752; 1.3773; 1.3817; 1.3831 Sup: 1.3732; 1.3710; 1.3692; 1.3650 GBPUSD Cable remains under pressure, as loss of 1.61 support zone retraced over 61.8% of 1.5892/1.6254 rally. Near-term focus shifts towards the lower boundary of larger 1.5892/1.6254 range, with price approaching psychological 1.6000 support. This also marks the last significant obstacle on the way towards 1.59 **** and pivotal support. Prevailing negative tone on near-term technicals keeps the downside favored, however, consolidation above 1.6000 is expected to precede fresh weakness. Previous range floor at 1.6114 and bearish 20/55DMA’s crossover at 1.6130, are expected to cap. Res: 1.6221; 1.6245; 1.6254; 1.6259 Sup: 1.6022; 1.6000; 1.5977; 1.5920 USDJPY The pair remains supported and heads higher, as break above near-term congestion at 97.75 and psychological 98.00 barrier, resumes recovery rally off 96.93, 25/10 low. Technicals are positive and support further gains, with break above bear-trendline at 98.37 and regain of important 98.47, 22/10 lower top and Fibonacci 76.4% of 98.99/96.93 descend, expected to open way for final push towards key near-term barrier at 98.99, 17/10 peak. Consolidative actions on extended hourly studies, could precede fresh extension higher, with previous range top at 97.75, now offering solid support and expected to keep the downside protected. Only loss of higher platform at 97.45 would neutralize bulls. Res: 98.47; 98.69; 98.99; 99.12 Sup: 98.09; 97.75; 97.45; 96.93 AUDUSD The pair remains under pressure, as fresh extension from 0.9621 lower top, broke below psychological 0.9500 handle and extended losses to 0.9458, Fibonacci 61.8% of 0.9280/0.9755 rally. The price found temporary support here, as oversold near-term conditions signal corrective action before bears return to play. Negative near-term studies support the notion and keep the downside favored for extension towards strong support and **** at 0.9400 zone. Corrective rallies should not exceed 0.9600 barrier, to keep near-term bears intact. Res: 0.9519; 0.9554; 0.9583; 0.9621 Sup: 0.9458; 0.9424; 0.9400; 0.9388 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro showed no changes compared to the previous sessions, as the price remains entrenched within 1.3440/1.3520 consolidative range. Slight improvement of hourly studies pushed the price to the upper range part, however, overall negative tone keeps pivotal support at 1.3440/20 zone at risk, with break lower to spark fresh bear-leg and expose next targets at 1.3370, daily 90DMA and at 1.3300 zone, 50% retracement of 1.2754/1.3831 rally. Corrective rallies above 1.35 barrier should ideally stay capped under 1.3600/40, to keep bears in play. Res: 1.3523; 1.3565; 1.3590; 1.3640 Sup: 1.3467; 1.3441; 1.3420; 1.3400 GBPUSD Cable regained strength and accelerated recovery rally from 1.59 **** and critical support, reinforced by daily cloud top, to retrace over 50% of 1.6254/1.5901 descend on a bounce to 1.6094 so far. Approaching important 1.6100/20 resistance zone, keeps focus at the upside, as positive near-term studies support further advance. However, larger picture range trading remains in play, with break of either side required to define fresh direction. Daily studies are losing traction that keeps the lower boundary of the range vulnerable for now. Res: 1.6094; 1.6116; 1.6148; 1.6171 Sup: 1.6061; 1.6020; 1.6000; 1.5980 USDJPY The pair extended near-term corrective rally off 98.15 and averts immediate downside risk, seen on violation of 98.00 support. Near-term technicals are positive, as the price approaches initial 98.84 barrier and key resistance at 98.99, regain of which to complete 98.99/96.93 corrective phase and open way for further upside. Higher low and bull trendline at 98.40, offer initial support and should ideally contain dips, while 98.15/00 zone is seen as a breakpoint and break low would revive bears. Res: 98.74; 98.84; 98.99; 99.12 Sup: 98.40; 98.15; 98.05; 97.80 AUDUSD The pair remains under pressure, with near-term corrective rally from fresh low at 0.9420, being limited, as brief breaks above 55DMA at 0.9520, failed to sustain gains for now, as daily 20DMA limited rallies at 0.9535. Slightly improved near-term studies are still lacking momentum for stronger recovery that would keep sideways trade in play, as long as range top at 0.9535 and Fibonacci 38.2% of 0.9755/0.9420 descend cap. Weakening daily technicals keep the downside at risk and as long as price holds below 0.9600 handle, regain of which would shift focus higher, retest of initial 0.9420 support and fresh weakness, seen on violation of 0.9420/00 support, would be likely near-term scenario. Res: 0.9535; 0.9548; 0.9587; 0.9621 Sup: 0.9480; 0.9462; 0.9420; 0.9400 GOLD Spot Gold remains under pressure, as fresh low and 50% retracement of 1251/1361 corrective rally at 1306 has been retested. The price trades in a consolidative mode, with near-term studies maintaining negative tone and keeping the downside at risk. Break below 1306/00 supports to open 1293 and 1277, Fibonacci 61.8% and 76.4% supports. Consolidation top at 1322, along with previous support, now resistance at 1327, is expected to keep the upside limited for now. Res: 1315; 1322; 1327; 1335 Sup: 1305; 1300; 1293; 1277 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro steadies above 1.35 handle, ahead of ECB today, with no significant rallies seen so far, after the pair posted marginally fresh high at 1.3546 yesterday. Hourly studies are positively aligned, along with north-heading 4-hour indicators that suggests further recovery, with 1.36 zone, Fibonacci 38.2% of 1.3831/1.3441 downleg / 55DMA, being in near-term focus. Overall picture, however, remains bearish and current break in strong fall from last week could be seen as corrective phase, ahead of fresh weakness. Rallies should be ideally limited at 1.3640/80, Fibonacci 50% / 61.8% respectively, before bears re-assert. Break below pivotal 1.3440/20 support, Fibonacci 38.2% of larger 1.2754/1.3831 rally and main bull-trendline, drawn off 1.2754, where bears found temporary footstep, is expected to trigger fresh leg lower and expose 1.33 zone, also 50% retracement of 1.2754/1.3831. Res: 1.3546; 1.3590; 1.3640; 1.3682 Sup: 1.3500; 1.3467; 1.3441; 1.3420 GBPUSD Cable consolidates recent gains from 1.59 **** that cracked strong 1.6100/15 resistance and retraced nearly 61.85 of 1.6254/1.5901 descend. The price found footstep at initial 1.6060 support, however, weakening hourly studies, see risk of deeper pullback, before bulls take control, as 4-hour structure remains bullish. Ideal reversal point is seen at 1.6030 higher platform / Fibonacci 38.2% of 1.5901/1.6116 ascend, while any extension lower and potential break below psychological / 50% retracement 1.6000 support, would bring bears fully in play. On the upside, sustained break above 1.61 barrier, is required to keep positive tone and shift near-term focus towards the upper levels of one-month 1.5900/1.6259 range. Res: 1.6094; 1.6116; 1.6148; 1.6171 Sup: 1.6061; 1.6034; 1.6000; 1.5983 USDJPY The pair trades in near-term consolidative mode, off fresh high at 98.84, with the downside protected at 98.50 for now. Holding above bull-trendline from 96.93, keeps bulls in play for eventual retest of key 99.00 barrier, break of which to open 99.65 and psychological 100 resistance. Studies on lower timeframes remain positive and favor further upside, as daily indicators head north after emerging from negative territory and support the notion. Key supports lay at 98.15/00 and only break lower would sideline bulls. Res: 98.74; 98.84; 98.99; 99.12 Sup: 98.54; 98.40; 98.15; 98.05 AUDUSD The pair remains under pressure, with near-term corrective rally from fresh low at 0.9420, being capped at 0.9541. Fresh weakness to 0.9460, previous low and 61.8% of 0.9420/0.9541, weakens hourly structure, however, holding above here, would keep positive tone on 4-hour studies, for possible renewed attempt higher. Clearance of 0.9541 barrier and 55DMA, is required to confirm higher low formation and avert downside risk of return to 0.9420 support. Larger picture shows bears gaining pace and while 0.9541 stays intact, risk of resumption of bear-trend from 0.9755, would remain in play. Res: 0.9500; 0.9541; 0.9587; 0.9621 Sup: 0.9462; 0.9420; 0.9400; 0.9388 GOLD Spot Gold remains in sideways mode, with prevailing neutral tone seen while the price holds between 1305/20 range. The upside is capped by 55DMA, with 4-hour / daily studies being negatively aligned that sees increased downside risk for extension of pullback from 1361, 28/10 peak. Violation of pivotal 1305/00 support zone to signal an end of consolidative phase and trigger bearish extension towards 1290, next support. Conversely, clear break above initial 1320 barrier and 1330 zone, previous support / daily cloud ****, is required to confirm higher **** at 1305 and open further upside. Res: 1322; 1327; 1335; 1345 Sup: 1314; 1305; 1300; 1293 |
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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro ended the second consecutive week in red, as reversal from fresh high at 1.3831 retraced 50% of entire 1.2754/1.3831 rally, on a dip to 1.3294. The pair was additionally pressured by Fed’s decision that was followed by ECB’s rate cut and kept the negative sentiment in play. The price consolidates above fresh low at 1.3294, following Thursday/Friday’s bumpy ride, where the price oscillated between 1.3294 and 1.3450. Fresh weakness, seen last Friday, stayed above weekly low, with price consolidating above 1.33 handle. Near-term technicals remain bearish and see risk of further downside, as daily indicators slid into negative territory. However, further consolidation cannot be ruled out, with current range top at 1.3450, also previous consolidation floor of 04/05 / 11, expected to limit the upside. Only break above 1.3550, 06/11 lower top and near 50% of 1.3831/1.3294, would neutralize bears. On the downside, break below 1.3294 would open 1.3215, 200DMA and 1.3103, 06/09 higher low in extension. Res: 1.3387; 1.3410; 1.3448; 1.3500 Sup: 1.3343; 1.3316; 1.3293; 1.3275 GBPUSD Near-term price action remains under pressure, as last week’s recovery rally from 1.59 ****, stalled at 1.6120, also 61.8% retracement of 1.6254/1.5901, with subsequent weakness, following the second unsuccessful attempt higher. The price hovers around 1.6000 zone, where weekly close occurred and daily cloud top offers temporary support, with 4-hour indicators breaking into negative territory and seeing risk of fresh attempt towards very strong 1.5900 ****. Negative hourly studies support the notion. On the larger picture, 5-week ranges remains intact and only break of either side would define fresh direction. Negatively aligned daily technicals keep the downside pressured, as loss of 1.59 **** will also confirm double-top formation. Res: 1.6029; 1.6057; 1.6100; 1.6116 Sup: 1.6000; 1.5955; 1.5940; 1.5900 USDJPY The price returned to strength and regained 99.00, following last week’s sharp fall from 99.39 to 97.61. Near-term technicals are positive, however, consolidation under 99.21 peak and session high, is seen on overbought hourly conditions. Immediate support at 98.90, 20DMA, holds for now, with further easing to be contained above 98.50, 20/55DMA, to keep the structure intact. Break above 99.39 is required to resume larger bulls off 96.93 and expose 99.65 and psychological 100.00 barrier. Conversely, loss of 98.50 handle, also 50% of 99.39/97.91 fall, would weaken near-term structure and risk fresh weakness towards higher platform at 98 zone. Res: 99.21; 99.39; 99.65; 100.00 Sup: 98.90; 98.70; 98.50; 98.00 AUDUSD The pair remains under pressure, as fresh extension of near-term downmove from 0.9541, 06/11 high, broke below 0.9420/00 support zone. The price dipped to 0.9351 so far, aiming towards 0.9323, 50% retracement of 0.8891/0.9755 rally and 0.9300, psychological support. Negative near-term studies support the notion, however, overextended conditions suggest that fresh weakness would be preceded by consolidative/corrective phase. Previous supports at 0.9400, reinforced by 20DMA and 0.9420, also 55DMA, act as initial barriers, with lower platform at 0.9470, expected to limit the upside and keep bearish structure intact. Res: 0.9400; 0.9420; 0.9470; 0.9508 Sup: 0.9388; 0.9350; 0.9323; 0.9300 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in a triangular consolidation after posting fresh low at 1.3294 and corrective action being capped at 1.3450. Overall tone in the near-term remains negative, as the price lacked momentum for more significant recovery towards 1.3550/60 breakpoint, regain of which is required to signal stronger recovery and shift focus higher. For now, the downside remains vulnerable, with break below triangle support at 1.3355, seen as a trigger for fresh weakness towards key near-term support and low of 07/11 at 1.3294. Violation of the latter to signal resumption of larger downtrend from 1.3831 and open 1.3214/00, 200DMA / round-figure support. Conversely, attempts above triangle resistance at 1.3415, also session highs, would provide temporary relief, however, clearance of 1.3450, recovery high and 61.8% of 1.3546/1.3294 fall, is required to avert immediate downside risk. Res: 1.3415; 1.3448; 1.3500; 1.3546 Sup: 1.3355; 1.3316; 1.3293; 1.3275 GBPUSD Cable remains under pressure, as last week’s recovery rally from 1.59 ****, stalled at 1.6120, also 61.8% retracement of 1.6254/1.5901, with subsequent weakness leaving a double-top. Extension below 1.6000 handle brings key support and **** at 1.5900 at risk. Negative near-term technicals favor scenario of retesting 1.5900. Initial resistance lies at 1.6000, also hourly 55DMA, with 1.6030, recovery rally high and 50% of 1.6113/1.5955 fall, expected to cap. Eventual break below critical 1.5900 support, is seen as a trigger for more significant pullback, as clear break lower is required to confirm daily double-top formation. Res: 1.6000; 1.6029; 1.6057; 1.6100 Sup: 1.5940; 1.5900; 1.5850; 1.5800 USDJPY Near-term price action remains supported and continues to trend higher, as reversal of 99.40/97.61 fall, triggered fresh strength. Retest of initial target at 99.65, opens way towards psychological 100 barrier in the near-term, with key short-term resistance at 100.60, 11/09 peak, expected to come in focus on violation of 100 hurdle. Positive near-term technicals support the notion, however, overbought hourly studies see risk of hesitation on approach to 100 barrier. On the larger picture, studies remain positive, with break above weekly bullish pennant, suggesting further upside. Res: 100.00; 100.21; 100.45; 100.60 Sup: 99.09; 98.90; 98.15; 97.96 AUDUSD The pair remains under pressure, as fresh extension of near-term downmove from 0.9541, 06/11 high, tested so far 0.9323, 50% retracement of 0.8891/0.9755 rally, with break lower to open 0.9300, psychological support and daily Ichimoku cloud top. Negative near-term studies keep the downside favored, however, overextended conditions suggest that fresh weakness would be preceded by consolidative/corrective phase. Previous support zone at 0.9400/20, offer initial resistance, where corrective rallies should be ideally capped. Extension below 0.9300 to expose 0.9280, 30/09 higher low and mark full retracement of 0.9280/0.9755 bull-phase. Negative daily studies support the notion Res: 0.9366; 0.9389; 0.9400; 0.9420 Sup: 0.9300; 0.9280; 0.9250; 0.9200 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro’s near-term tone turned positive, as extended consolidation broke above triangle resistance and tested the upper border of consolidative range. Hourly indicators moved above their midlines, with bullish momentum being built on 4-hour chart, supporting final attempt through strong resistance at 1.3460/70 zone, previous consolidation floor / daily Ichimoku cloud **** / 4-hour 55DMA, to confirm basing attempt and shift near-term focus higher. Extension above key barriers at 1.3546/63, 06/11 lower top / 50% retracement of 1.3831/1.3294, is required to confirm recovery. Otherwise, risk of lower top formation will remain in play, as rejection at 1.3460/70 barrier, would signal prolonged consolidative phase. Initial supports lay at 1.3415/00, while violation of 1.3358, 12/11 low, would weaken the structure. Res: 1.3455; 1.3472; 1.3500; 1.3546 Sup: 1.3415; 1.3400; 1.3358; 1.3316 GBPUSD Cable eventually broke below strong support and short-term range floor at 1.59 zone, leaving lower top at 1.6116 and extending losses to initial support 1.5850 zone so far. Further weakness is expected to focus psychological 1.5800 support, as the third wave that commenced from 1.6116, could travel to 1.5763, it’s 100% expansion and 1.5751, 17/06 previous peak, to validate wave principles. Confirmation of daily double-top formation supports the notion, as near-term indicators hold in the negative territory. However, consolidative phase may be seen ahead of fresh weakness, as 4-hour studies approach oversold territory. Yesterday’s corrective rally high 1.5944, now offers initial resistance, reinforced by falling 55DMA and former consolidation floor and should ideally cap fresh upside attempts. Res: 1.5900; 1.5944; 1.5955; 1.6000 Sup: 1.5884; 1.5853; 1.5800; 1.5763 USDJPY The pair maintains positive sentiment and continues to trend higher, approaching psychological 100 barrier, with bear-trendline, connecting 101.52/100.60 peak, being cracked. Near-term technicals are positive and support the final push towards 100 barrier, above which the next significant resistance at 100.60, 11/09 peak, would come in focus. Consolidative action may delay bulls, as 4-hour indicators approach overbought territory, with 55DMA at 99.35, expected to keep the downside protected. Res: 100.00; 100.21; 100.45; 100.60 Sup: 99.41; 99.35; 99.09; 98.90 AUDUSD The pair remains under pressure, as fresh extension of near-term downmove from 0.9541, 06/11 high, eventually broke below key short-term support at 0.9280, 30/09 higher low. Full retracement of 0.9280/0.9755 upleg and reversal of over 50% of entire 0.8891/0.9755 recovery rally, keeps bears firmly in play. The notion is supported bearish daily studies. However, overextended technicals of lower timeframes, see consolidative action ahead of fresh push lower. The upside should stay capped by 0.9400 barrier, previous support and 50% retracement of 0.9541/0.9269 descend. Res: 0.9310; 0.9350; 0.9373; 0.9400 Sup: 0.9269; 0.9250; 0.9221; 0.9200 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains steady and extends rebound from last week’s fresh low at 1.3294, with strong barrier at 1.3460/70 zone being cleared. The price tested psychological / Fibonacci 38.2% of 1.3831/1.3294 resistance at 1.3500 so far, where gains were limited by broken bull trendline off 1.2754 and daily 55DMA. Further bulls are signaled by 4-hour indicators that moved into positive territory, however, hesitation ahead of 1.35 barrier and possible stronger correction is likely, as hourly indicators are turning down. Daily studies on the other side, maintain negative tone, with current rally seen as corrective and downside risk expected to remain in play as long as another strong barriers at 1.3546/63, 06/11 lower top / 50% retracement of 1.3831/1.3294 stay intact. Break here to confirm higher low formation at 1.3294 and spark stronger recovery. Otherwise, risk of lower top and fresh weakness would remain in play. Dips off 1.35, face support at 1.3420, 38.2% of 1.3294/1.3496 and more significant 1.34 zone, round figure / 50% retracement, where pullback should be contained. Res: 1.3500; 1.3527; 1.3546; 1.3563 Sup: 1.3420; 1.3400; 1.3389; 1.3358 GBPUSD Cable bounced strongly and regained levels near 1.6100 barrier, after bears probed below very strong support and short-term **** at 1.5900. Break lower proves to be false for now, as near-term technicals turned positive and avert immediate risk of stronger fall that was signaled by loss of 1.5900 support. However, overbought hurly conditions see scope for consolidative action ahead of important barriers at 1.6113/16, 07/06 / 11 peaks, regain of which and break higher is required to confirm bulls are fully in play and to shift near-term focus towards the upper range boundaries. Initial supports lay at 1.6015/00, ahead of 1.5984, 38.2% of 1.5853/1.6065, reinforced by 55DMA, where any stronger pullback should be ideally contained. Res: 1.6065; 1.6100; 1.6116; 1.6148 Sup: 1.6015; 1.6000; 1.5984; 1.5960 USDJPY The pair regained strength and retest previous highs at 99.80, after corrective pullback found footstep above psychological 99.00 support. Fresh bulls attempt again above bear-trendline connecting 101.52/100.60, at 99.66, with psychological 100 barrier coming in focus. Break higher to resume bulls off 96.93 and open next significant resistance at 100.60, 11/09 high. Positively aligned near-term studies support the notion. Only loss of 99.00 handle would sideline bulls. Res: 100.00; 100.21; 100.45; 100.60 Sup: 99.55; 99.09; 98.70; 98.44 AUDUSD The pair corrects recent losses that posted fresh low at 0.9269 so far, with bounce lacking strength for regain of significant barrier at 0.9400, psychological resistance / 50% retracement of 0.9541/0.9269 downleg and being reinforced by falling 55DMA. Subsequent pullback, increases downside risk, as 0.9300 support comes under pressure, with 4-hour indicators maintaining negative tone. Hourly indicators are turning lower that supports the scenario of re-visiting 0.9300 support, loss of which to risk return to 0.9269 and signal resumption of larger downtrend. Alternatively, holding above 0.9300, would signal prolonged consolidation, while only sustained break above 0.9400 hurdle would provide near-term relief and signals basing attempt for more significant corrective action Res: 0.9385; 0.9400; 0.9437; 0.9480 Sup: 0.9320; 0.9300; 0.9269; 0.9221 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains steady and holds around 1.35 handle, where the pair ended last week’s trading, but so far unable to clearly break psychological barrier, reinforced by daily 55DMA. Technicals on the near-term are positive, with the price being establish in a bull-channel off 1.3294, 07/11 low. Sustained break above 1.35, to open next layers of resistance at 1.3546/63, 11 high / 50% retracement of 1.3831/1.3294 downleg. On the other side, daily studies remain bearish that keeps risk of lower top, in case of upside rejection under 1.3546 in play. Violation of 1.3420/00, trendline / round figure support and mid-point of entire rally from 1.3294 is required to confirm and bring bears in play. Res: 1.3504; 1.3546; 1.3563; 1.3600 Sup: 1.3473; 1.3430; 1.3420; 1.3400 GBPUSD Cable steadies above 1.6100 handle, above which, weekly close occurred. Clearance of previous highs at 1.6116/13, sees scope for further upside, with 1.6159, Fibonacci 76.4% of 1.6254/1.5853 descend, coming next, ahead of psychological 1.6200 barrier. With near-term focus being shifted towards the upper boundary of short-term range, break above 1.6200 is expected to open range tops at 1.6254/59. Positive near-term studies support the notion, as daily indicators broke above the midlines and underpin the action. Initial support lies at 1.6100, with higher platform at 1.6050, expected to keep the downside protected. Res: 1.6141; 1.6159; 1.6200; 1.6245 Sup: 1.6100; 1.6050; 1.6030; 1.6000 USDJPY The pair enters corrective phase, after posting fresh high at 100.42 and closed for the week above psychological 100 level. The latter comes under pressure, as pullback on overbought near-term studies looks for further easing. Broken bear-trendline at 99.75, offers next support, ahead of strong 99.00 zone, 13/11 higher low / 17/10 previous peak and 50% retracement of 97.61/100.42, where dips should be ideally contained. Overall picture remains bullish and favors further extension and full retracement of 100.60/96.55 descend in the near-term. Res: 100.42; 100.60; 101.00; 101.37 Sup: 99.75; 99.35; 99.00; 98.80 AUDUSD The pair returns to strength, as break above near-term congestion and clearance of psychological 0.9400, also 50% retracement of 0.9541/0.9269, signals basing attempt and stronger corrective action, as the 0.9269 **** is reinforced by daily 90DMA. The price attempts at 0.9420, daily 55DMA / previous low of 01/11, above which, Fibonacci 61.8% and 76.4% at 0.9437/77, come next. However, larger downmove from 0.9755, 23/10 peak, remain intact and regain of 06/11 lower top at 0.9541, is required to neutralize bears and avert risk of lower top and fresh bearish extension. Res: 0.9420; 0.9437; 0.9477; 0.9500 Sup: 0.9385; 0.9357; 0.9330; 0.9300 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro stabilizes above 1.35 handle that now acts as initial support and being reinforced by daily cloud top. Extension higher bring next resistances at 1.3546, 06/11 high and 1.3563, 50% retracement of 1.3831/1.3294 fall / daily 20DMA in focus, as break here is required to confirm near-term bottom at 1.3294 and trigger further retracement of 1.3831/1.3294 descend towards 1.3600, psychological barrier. Below 1.35, bullish 20/55DMA’s crossover at 1.3480, offers next support, with bull trendline off 1.3294, reinforcing higher platform support at 1.3430. Res: 1.3546; 1.3563; 1.3600; 1.3626 Sup: 1.3500; 1.3480; 1.3430; 1.3400 GBPUSD Cable steadies above 1.6100 handle, after hitting fresh high at 1.6147, with consolidative phase within 1.6100/30 range under way. Positive tone prevails on 4-hour hour chart and keeps further upside favored, however, neutral hourly conditions, see further consolidation as likely scenario. Below 1.6100, next supports lay at 1.6080, 20DMA; 1.6050 higher platform and psychological 1.6000 support / 50% retracement of 1.5853/1.6147 upleg / daily cloud ****, seen as ideal reversal point in case of deeper pullback. Upside targets at 1.6200 and key 1.6254/59 hurdles remain in near-term focus. Res: 1.6128; 1.6147; 1.6159; 1.6200 Sup: 1.6100; 1.6080; 1.6050; 1.6000 USDJPY The trades in near-term corrective phase off fresh high at 100.42, with fresh extension below 100 support and 99.75, broken bear-trendline, testing levels below 61.8% retracement of 99.09/100.42 upleg at 99.60 zone. Hourly studies turned negative and favor further downside, while overall positive tone sees current pullback as corrective phase of larger uptrend, with higher low seen above strong 99.00 support, to precede fresh leg higher. Regain of 100.42 to open 100.60 and 101 in extension. Only loss of 99.00 handle, higher low of 13/11 and 50% retracement of 97.61/100.42 rally, would neutralize bulls and allow for stronger pullback. Res: 99.91; 100.19; 100.42; 100.60 Sup: 99.56; 99.40; 99.00; 98.80 AUDUSD The pair remains supported, as fresh strength emerged from 0.9351, session low and corrective phase bottom and broke above previous high at 0.9417. With 0.9437 barrier, Fibonacci 61.8% retracement of 0.9541/0.9269 descend being cracked, the way is open towards 0.9477, 76.4% retracement and psychological 0.9500 barrier, with key resistance and breakpoint at 0.9541, expected to come in focus, once the price regains 0.9500 handle. Positively aligned near-term studies support the notion, however, negative daily picture would keep the downside risk in play as long as 0.9541 barrier stays intact. Res: 0.9477; 0.9500; 0.9541; 0.9571 Sup: 0.9417; 0.9385; 0.9351; 0.9330 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro extends recovery rally from 1.3294 low to eventually break above important 1.3546/63 barrier, 06/11 lower high / 50% retracement of 1.3831/1.3294 descend / daily Kijun-sen line, on extension to 1.3577 so far. Near-term bulls remain in play, with corrective pullbacks on oversold hourly conditions, expected to interrupt rally. Initial support lies at 1.3500, round figure / daily cloud top, ahead of lower top at 1.3486, also near 20/55DMA’s bullish crossover, where dips should be ideally contained. Otherwise bulls would be delayed in favor of stronger reversal towards higher platform at 1.3430. Resumption of the uptrend to eye psychological 1.3600 barrier and Fibonacci 61.8% retracement of 1.3831/1.3294 at 1.3626. Res: 1.3562; 1.3577; 1.3600; 1.3626 Sup: 1.3500; 1.3486; 1.3430; 1.3400 GBPUSD Cable steadies above 1.6100 handle, despite yesterday’s spike lower that was contained at 1.6058, with near-term price action being in directionless consolidative trading. Prevailing positive tone on near-term technicals keeps the upside focused, as break above current range top at 1.6159, is expected to open 1.6159, Fibonacci 76.4% of 1.6254/1.6853 first, ahead of psychological 1.6200 barrier, en-route towards key resistances at 1.6254/59. Positively aligned daily studies support bullish scenario. Initial support lies at 1.6100 and is reinforced by hourly 55DMA, ahead of 1.6058, also 4-hour 55DMA, loss of which would put immediate bulls on hold and open 1.6035/00, Fibonacci 38.2% / 50% retracement of 1.5853/1.5147 rally. Res: 1.6147; 1.6159; 1.6200; 1.6245 Sup: 1.6100; 1.6058; 1.6035; 1.6000 USDJPY The pair consolidates at 100 level, following bounce from yesterday’s correction low at 99.56. Rally above 100 barrier reached 100.24 high so far, with positive near-term structure keeping the upside attempts towards 100.42, 15/11 peak favored. Dips should be held at 99.70/56, broken bear-trendline off 101.52 / yesterday’s higher low, to keep bulls in play and avert risk of fresh weakness towards 99.00 zone, higher low of 13/11 and 50% retracement of 97.61/100.42 ascend. Res: 100.24; 100.42; 100.60; 101.00 Sup: 99.70; 99.56; 99.35; 99.00 AUDUSD The pair enters near-term corrective phase after failing to clear 0.9446 barrier on the second attempt. With 0.9400 handle being lost and hourly indicators sliding into negative territory, near-term downside risk increases, as the pullback retraced 38.2% of 0.9269/0.9446 upleg so far. Further easing and violation of 0.9350 zone, yesterday’s higher low and 50% retracement, would sideline near-term bulls off 0.9269 and signal double-top formation. Conversely, finding footstep above 0.9350, is seen as initial signal of higher low formation and renewed attempt at 0.9446, above which to resume near-term corrective rally from 0.9269, 12/11 low. Positive 4-hour studies support the notion, however, regain of key near-term barrier and breakpoint at 0.9541 is required to confirm recovery and **** at 0.9270 zone. Res: 0.9406; 0.9417; 0.7446; 0.9477 Sup: 0.9378; 0.9351; 0.9330; 0.9300 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro slumped close to 1.34 support, erasing a good part of last week’s gains and over 50% of entire rally from 1.3294 to 1.3577. Fresh pressure on the single currency, triggered by fundamentals, turned near-term technical outlook negative. Increased risk of lower top at 1.3577 is seen, as the price approached 1.3400, psychological support / 61.8% of 1.3294/1.3577 upleg. Break here to open way towards 1.3360, daily cloud **** and key supports at 1.33 zone, 07/11 low / 50% retracement of larger 1.2754/1.3831 rally. Narrow consolidation above 1.34 handle is under way, with oversold hourly studies suggesting a break in the recent weakness. The near-term action is for now limited by former platform at 1.3430, with broken bull-trendline off 1.3294 offering next resistance at 1.3460, also near 38.2% of 1.3577/1.3412 / 55DMA at 1.3575. Any stretch higher should be ideally capped at 1.35 zone, 50% retracement and double bearish 10/55 and 20/55DMA’s crossover. Res: 1.3430; 1.3460; 1.3475; 1.3500 Sup: 1.3412; 1.3400; 1.3360; 1.3294 GBPUSD Cable came under pressure after failure to regain psychological 1.62 barrier and subsequent pullback broke below 1.61 handle, extending losses to 1.6071, 4-hour 55DMA so far. Negative hourly structure keeps the downside at risk, as 4-hour studies are losing momentum that may trigger further weakness, as long as the price holds below 1.61 resistance zone and 10/55; 20/55DMA’s bearish crossover that offers initial and solid resistance. Further easing would face immediate support at 1.6058/53, 19/11 low / 38.2% retracement of 1.5853/1.6177 ascend / daily Kijun-sen line, also near-term consolidation floor, loss of which will be bearish. Conversely, lift above 1.61 handle, would open the upper boundary of near-term congestion and signal possible resumption of the uptrend from 1.5853. Res: 1.6110; 1.6147; 1.617; 1.6200 Sup: 1.6071; 1.6053; 1.6015; 1.6000 USDJPY The pair returned to strength and break above near-term consolidation, with fresh extension higher, clearing key barrier at 100.60. The price aims towards psychological 101.00 barrier, with another key hurdle at 101.52, 08/07 peak, expected to come in focus, once 101 is cleared. Near-term studies remain bullish and favor further upside, however, overbought hourly conditions warn of possible hesitation on approach to 101 barrier. Previous highs at 100.60/42, offers immediate supports, while further corrective easing should ideally hold above 100.00/99.80 levels, to keep bulls intact. Res: 101.00; 101.37; 101.52; 102.00 Sup: 100.60; 100.42; 100.24; 100.00 AUDUSD The pair came under pressure and accelerated losses from 0.9446, where gains were capped by daily 20DMA a double top formed. Fresh weakness that broke below psychological 0.9300 support, threatens full retracement of 0.9269/0.9446 corrective rally, as the price came tick away from this support, with break lower to spark fresh extension of larger downmove from 0.9755, 23/10 peak, towards 0.9221, Fibonacci 61.8% of 0.8891/0.9755 and psychological 0.9200 support. However, oversold hourly studies may trigger consolidative/corrective action. Previous support at 0.9300, offers immediate resistance, ahead of 0.9350, 19/11 low, with stronger corrective rallies to be limited under 0.9400, psychological barrier / 20/55DMA’s bearish crossover. Res: 0.9300; 0.9333; 0.9350; 0.9400 Sup: 0.9269; 0.9221; 0.9200; 0.9187 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro steadies above 1.35, closing for the week at 1.3555. The rally nearly fully retraced 1.3577/1.3398 corrective pullback, on a session high at 1.3559, with positive near-term technicals being supportive for eventual push through 1.3577, 20/11 high, break of which to resume near-term recovery rally from 1.3294, 07/11 low that so far retraced over 50% of 1.3831/1.3294 descend. On the other side, daily bulls are still sidelined and caution is required in case of stall under 1.3577, as the price struggles at broken bull trendline off 1.2754, currently at 1.3550. Initial support at 1.3500 should ideally hold corrective dips, while extension lower and violation of 1.3460, higher low / 61.8% of 1.3398/1.3559, would risk return to key near-term support at 1.3398, 21/11 low. Res: 1.3559; 1.3577; 1.3600; 1.3645 Sup: 1.3533; 1.3500; 1.3461; 1.3444 GBPUSD Cable continues to trend higher and extends near-term rally from 1.5853, 12/11 low, with key barriers at 1.6254/59 coming in focus, as the price sustained break above 1.6200 barrier and closed for the week at 1.6220. Bullish tone dominates on short-term studies, however, hesitation on approach to important barrier at 1.6259 that also marks multi-month range top, cannot be ruled out. The notion is supported by extended near-term conditions. Corrective dips should be ideally contained above 1.61 handle to keep the structure intact, with break above 1.6259 peak to open fresh bull-phase and focus psychological 1.6300 barrier initially, with full retracement of 1.6380/1.4812, 2012/2013 bear-phase, seen on extension to 1.6380, 02/01 2013 peak. Res: 1.6239; 1.6254; 1.6259; 1.6300 Sup: 1.6200; 1.6180; 1.6150; 1.6107 USDJPY The pair remains well supported and rallies higher, following positive weekly close and clearance of important barrier at 101.52, 08/07 peak. The price approaches psychological 102.00 barrier, en-route towards 102.48/52, 28/29 / 05 peaks, with key short-term resistance at 103.72, 22/05 annual high, expected to come in near-term focus. Technicals remain positive and favor further upside, with corrective pullback on overbought conditions, expected to interrupt rally. Immediate supports lay at 101.60/34, ahead of psychological 101.00 support and higher platform that offers solid support, reinforced by 4-hour 20DMA. Res: 102.00; 102.50; 103.00; 103.29 Sup: 101.60; 101.34; 101.00; 100.60 AUDUSD The pair remains under pressure, as acceleration from 0.9446 double-top, below 0.9220/00 support zone, 61.8% retracement of 0.8991/0.9755 ascend / round figure support, approaches psychological support and Fibonacci 76.4% of 0.8891/0.9755 upleg at 0.9100. Negative sentiment continues to drive the price lower, as technicals on lower and larger timeframes maintain negative tone and see scope for full retracement of 0.8891/0.9755 upleg. Oversold near-term conditions, however, may delay immediate bears. Corrective rallies to find immediate resistance at 0.9187, session high and psychological 0.9200 level, ahead of strong 0.9270 resistance, 12/14/ 11 platform, expected to ideally limit corrective rallies. Res: 0.9187; 0.9200; 0.9248; 0.9270 Sup: 0.9119; 0.9095; 0.9068; 0.9036 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro returns to strength and regains levels above 1.35 handle, following yesterday’s pullback from 1.3559 to 1.3489, where 4-hour 55DMA contained dip. The price consolidated near session high at 1.3540, as near-term bulls are gaining traction after hourly indicators returned to positive territory. Fresh extension higher faces immediate resistance at 1.3577, 20/11 recovery peak, with break here to resume recovery off 1.3294 and open 1.3600, round figure resistance and 1.3626, Fibonacci 61.8% of 1.3831/1.3294 descend. However, daily studies maintain neutral/negative tone and require caution in case of price’s failure to clear 1.3577/1.3600 hurdles. Increased downside risk would be seen on a slide below 1.3500/1.3489, with extension below 1.3460, 22/11 higher low / 61.8% retracement of 1.3398/1.3559, to signal double-top formation. Res: 1.3577; 1.3600; 1.3626; 1.3645 Sup: 1.3510; 1.3489; 1.3461; 1.3444 GBPUSD Cable’s near-term price action came under pressure after strong rally stalled on approach to critical barriers at 1.6254/59 and subsequent pullback to 1.6132 retraced 61.8% of 1.6071/1.6239 upleg. Formation of bearish reversal pattern increases downside risk, with extension and close below 1.61 handle, required to confirm. Hourly studies are negative, while larger picture remain bullish that keeps the upside targets in near-term focus, with regain of psychological 1.62 barrier, seen as a signal for renewed attempt higher. Otherwise, slide below 1.61 and more significant 1.6071, 21/11 higher low / daily cloud top, would shift near-term focus lower and confirm further range trading. Res: 1.6200; 1.6215; 1.6239; 1.6259 Sup: 1.6144; 1.6132; 1.6107; 1.6071 USDJPY The pair trades in near-term consolidative mode, after posting fresh high at101.90 yesterday. Initial support at 101.30, Fibonacci 23.6% of 99.56/101.90, so far contained, however, weak hourly and 4-hour indicators descending from overbought territory, suggest that correction lower may extend. Next strong support lay at 101.00, higher platform / Fibonacci 38.2%, ahead of 100.73, 50% and 100.60, previous peak, where stronger pullback should find support. Resumption of the uptrend through 102.00, opens 102.48/52, 28/29 / 05 peaks next, ahead of 103.10, Fibonacci 161.8% projection and key barrier at 103.72, 22/05 yearly high. Res: 101.70; 102.00; 102.50; 103.00 Sup: 101.35; 101.00; 100.60; 100.42 AUDUSD The pair enters near-term consolidative phase after posting fresh low at 0.9119, with initial 0.9200 resistance capping the upside for now. Improved hourly structure sees scope for further recovery, with additional support given from 4-hour indicators that emerge from oversold zone. Extension above 0.9200 opens 0.9244, Fibonacci 38.2% of 0.9446/0.9119, ahead of strong 0.9270/80 zone, previous lower platform and 50% retracement, where rallies should be limited. Only sustained break above 0.9300 barrier would sideline immediate bears. Overall bears, however, remain in play and are expected to resume larger downmove once corrective phase is completed, with 0.9100 seen as immediate support, ahead of key short-term support and breakpoint at 0.8891, 30/08 low. Res: 0.9200; 0.9248; 0.9270; 0.9300 Sup: 0.9177; 0.9141; 0.9119; 0.9095 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro maintains positive sentiment, as clearance and daily close above previous high at 1.3577, probed levels above psychological 1.3600 barrier. Subsequent consolidation was contained by 55DMA at 1.3560, with further easing on weak hourly studies, allowed towards 1.3530/00, Fibonacci 38.2% and 50% retracement of 1.3398/1.3611 upleg, before bulls return to play. Positive scenario is supported by bullish 4-hour studies, as well as daily indicators breaking above the midlines that favor further upside in the near-term. Immediate target lies at 1.3626, Fibonacci 61.8% retracement of 1.3831/1.3294 descend, ahead of 1.3645, Fibonacci 138.2% projection / previous peak of 03/10 and 1.3710, 02/01 peak / Fibonacci 76.4% retracement. Alternative scenario see loss of 1.35 handle to weaken near-term structure and trigger stronger pullback towards 1.3450, 50% retracement of larger 1.3294/1.3611 ascend and 1.3398, 21/11 higher low, in extension. Res: 1.3600; 1.3611; 1.3626; 1.3645 Sup: 1.3557; 1.3520; 1.3500; 1.3489 GBPUSD Cable eventually broke above two-month congestion top at 1.6259, with daily close above here, confirming bullish resumption of larger uptrend from 1.4812 that was delayed by 1.6259/1.5853 consolidation. Break above the next hurdle at 1.6300, with 1.6329 seen so far, sees scope for final push towards key med-term resistance at 1.6380, 02/01 annual peak, as completion of 1.6380/1.4812 bear-phase, would look for fresh extension higher, as the price cracked 1.6292, bear-trendline drawn off 1.7041, 2009 high. Near-term technicals maintain positive tone, however, overextended conditions suggest hesitation on approach to key hurdle at 1.6380. Previous high at 1.6259/54 offer solid support, ahead of psychological 1.6200 support and 1.6135 higher platform. Res: 1.6329; 1.6380; 1.6400; 1.6453 Sup: 1.6255; 1.6239; 1.6200; 1.6135 USDJPY The pair remains steady and posts fresh highs above 102.00 level that now offers initial support. Overbought near-term conditions, see corrective action as likely near-term scenario, before bulls resume larger uptrend. Psychological 103.00 barrier and annual peak at 103.82, remain as near-term targets. However, caution is required, as daily studies enter overbought territory. Corrective extension below initial 102 support zone, session low / 25/11 previous high, to open more significant 101 zone higher platform, loss of which would sideline near-term bulls. Res: 102.26; 102.50; 103.00; 103.50 Sup: 102.00; 101.80; 101.13; 101.00 AUDUSD The pair posted fresh low at 0.9064 yesterday, after losing psychological / Fibonacci 0.9100 support, with subsequent bounce above the latter, being triggered by oversold conditions. Extension to 0.9139 cracked initial resistance and lower platform at 0.9133, with hourly studies turning positive and completion of hourly cup and holder pattern, suggesting further recovery, with the notion being supported by bullish divergence on lower timeframes. Sustained break above 0.9139, where 4-hour 20DMA capped for now, is required to open more significant 0.9200 resistance zone, 26/11 upside rejection and Fibonacci 38.2% of 0.9446/0.9064 / 55DMA. Only break here to signal stronger corrective action and sideline bulls. Conversely, failure under 0.9200 barrier would risk formation of lower top and fresh bears, with break below 0.9064 to open psychological 0.9000 support. Res: 0.9139; 0.9177; 0.9200; 0.9255 Sup: 0.9116; 0.9100; 0.9064; 0.9036 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro consolidates above fresh lows at 1.3520, following sharp fall from 1.36 zone, where the larger rally stalled. Formation of hourly H&S pattern sees more downside risk, with further acceleration expected on a break below strong support at 1.3500, round figure support / daily 20DMA / Tenkan-sen line. Losses below 1.35 handle to open another strong support at1.3460 zone, 50% retracement of 1.3294/1.3620 / daily cloud ****, with higher low at 1.34 seen in extension. Negative near-term technicals support the scenario, with initial resistance at 1.3559, Fibonacci 38.2% of 1.3614/1.3523 fall being cracked for extension towards 1.3579, yesterday’s higher platform and 61.8% retracement, regain of which to sideline immediate downside risk and shift focus towards upside targets at 1.3600/20. Res: 1.3579; 1.3600; 1.3620; 1.3626 Sup: 1.3523; 1.3500; 1.3457; 1.3420 GBPUSD Cable dipped about hundred pips on a corrective pullback from yesterday’s fresh high at 1.6441 and found temporary footstep at 1.6340, 4-hour 20DMA where near-term basing attempt is seen. Positive 4-hour studies see the upside in focus, with regain of 1.6400 handle requested to confirm **** formation. Bulls may be delayed for further consolidation, as hourly studies are weak, however, further dips should not exceed psychological 1.6300 support, near 50% retracement of 1.6137/1.6441 upleg and previous congestion tops at 1.6360 zone, in order to keep larger bulls intact. Break above 1.6441 to open psychological 1.6500 barrier next. Res: 1.6400; 1.6441; 1.6500; 1.6550 Sup: 1.6340; 1.6325; 1.6300; 1.6256 USDJPY The pair maintains positive tone, as fresh extension of the upleg from 101.13 cracked psychological 103.00 barrier and posted new high at 103.36, en-route towards key resistance and short-term target at 103.72, 103.72, 22/05 yearly high. Near-term studies are bullish, but overbought conditions suggest possible hesitation on approach to 103.72. Initial supports lay at 102.61, previous high and 102.00, former consolidation floor, below which, bulls may be put on hold for deeper corrective pullback towards 101 zone. Res: 103.36; 103.50; 103.72; 104.00 Sup: 102.82; 102.61; 102.21; 102.10 AUDUSD The pair came under increased pressure after recovery rally stalled ahead of important 0.9200 barrier and subsequent pullback through 0.9100 support, fully retraced 0.9054/0.9167 corrective rally. Previous low at 0.9054 so far contained weakness, with basing attempt being in play, despite negative near-term technicals, as RSI / MACD bullish divergence builds up on 4-hour chart. However, to confirm such scenario and avert downside risk towards psychological 0.9000 support, bounce through initial barrier at 0.9100 and regain of 0.9167/0.9200 hurdles, is required. Res: 0.9100; 0.9131; 0.9148; 0.9167 Sup: 0.9064; 0.9054; 0.9000; 0.8950 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro’s near-term price action remains capped at 1.36 zone, following renewed attempt higher that was rejected at 1.3614. Lack of strength to sustain break above 1.36 barrier, signals further consolidation, as the downside is for now protected above 1.35 support, where the price left higher **** at 1.3520. Neutral 4-hour studies support the notion, as hourly indicators still hold above the midlines, with threat of further easing, seen on a violation of 1.3520/00 support zone, where daily 20DMA and Tenkan-sen reinforce support that also marks Fibonacci 38.2% retracement of 1.3294/1.3620 upleg. Break lower to expose mid-point of entire rally at 1.3457 and more significant 1.3419, 61.8% retracement and 1.3398, 21/11 higher low, seen in extension. Alternatively, clear break above 1.3600/20 hurdles is required to resume bulls towards 1.3650, daily cloud top, 1.3679, Fibonacci 100% expansion of the wave from 1.3398 and 1.3710, 01/02 previous peak. Res: 1.3596; 1.3620; 1.3626; 1.3650 Sup: 1.3560; 1.3545; 1.3523; 1.3500 GBPUSD Cable trades in near-term consolidative mode, after pullback from fresh high at 1.6441 was contained by 4-hour 20DMA at 1.6340. Overall positive structure sees further upside as favored, however, further consolidation above 1.6340 cannot be ruled out, before fresh attempt higher, with break above 1.6441, to open 1.6500 next. Increased downside risk will be seen on break below 1.6340 higher **** and 1.6300 support, near 50% retracement of 1.6137/1.6441/ 4-hour 55DMA, as well as previous congestion tops at 1.6260 zone, loss of which to confirm stronger correction. Res: 1.6400; 1.6435; 1.6441; 1.6500 Sup: 1.6340; 1.6325; 1.6300; 1.6289 USDJPY The price is gaining traction after quick pullback from fresh high at 103.36 found ground at 102 zone, where 4-hour 55DMA contained dips and subsequent bounce heading towards psychological 103 barrier. Hourly indicators are at their midlines, while 4-hour structure remains positive that supports fresh attempt at 103.00/36, above which to resume rally towards key resistance and short-term target at 103.72, 22/05 yearly high. Res: 103.00; 103.36; 103.50; 103.72 Sup: 102.21; 101.96; 101.34; 101.13 AUDUSD The pair remains under increased pressure after yesterday recovery attempt stalled at 0.9145 and two-legged sharp fall approaches next downside target and psychological support at 0.9000. Completion of near-term consolidative phase above 0.9054 platform, triggered fresh leg lower, with initial support at 0.9000 and key short-term supports at 0.8891/46, expected to come in focus once 0.9000 is lost. Overextended hourly studies, however, may delay bears and signal hesitation ahead of 0.9000 handle, with rallies expected solid barriers at 0.9050/70 zone, before fresh push lower. Res: 0.9054; 0.9071; 0.9100; 0.9131 Sup: 0.9000; 0.8950; 0.8900; 0.8891 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro maintains positive tone and broke above short-term target at 1.3710, after psychological 1.3700 barrier was cracked on weekly close above and gap-higher opening last night. The pair consolidated recent gains above 1.3700, now offering immediate support, reinforced by hourly 20DMA, before resuming gains above overnight’s high. Near-term technicals are positive, however, caution is required on overbought 4-hour studies. Extension below 1.3700 handle to open significant supports at 1.3650 higher platform / Fibonacci 38.2% of 1.3527/1.3719 and 03/10 previous high, ahead of 1.3620, 29/11 previous high / last Friday’s spike low and 50% retracement, where stronger dips should be ideally contained. Near-term target lies at 1.3831, 25/10 annual peak, with interim barriers at 1.3789, Fibonacci 138.2% expansion of the wave from 1.3398 and psychological 1.3800 hurdle. Alternative scenario sees increased risk of deeper pullback in case of losing 1.3620/00 supports, the latter marking Fibonacci 61.8% retracement of 1.3527/1.3719 upleg and 4-hour 55DMA, towards higher platform at 1.3525 zone. Res: 1.3728; 1.3750; 1.3789; 1.3800 Sup: 1.3700; 1.3676; 1.3650; 1.3620 http://mediaserver.fxstreet.com/Repo...1209095725.png GBPUSD Cable stabilizes, above 1.6300 support as Friday’s spike lower cracked psychological 1.6300 support, ahead of fresh attempt higher. Near-term price action moves in a consolidative mode, with the downside being protected by 4-hour 55DMA, and the upside so far being capped at 1.6400 barrier. Hourly indicators are coming out of neutral zone, however, more negative tone is seen on 4-hour chart, with risk of easing below 1.6300 footstep, expected to trigger stronger pullback of larger rally from 1.5853 to 1.6441, in case 1.6400 hurdle stays intact. Conversely, clear break above 1.6400 barrier is required to sideline immediate downside risk and allow for stronger bounce. Res: 1.6400; 1.6435; 1.6441; 1.6500 Sup: 1.6350; 1.6320; 1.6290; 1.6239 http://mediaserver.fxstreet.com/Repo...1209095658.png USDJPY The pair returned to strength, after last week’s weakness found support at 101.60 and subsequent bounce higher that accelerated last Friday, cracked 103.00 barrier, on extension to 103.21 so far. Immediate target lies at 103.36, 03/12 high, regain of which to complete 103.36/101.60 corrective phase and signal resumption of larger uptrend towards key short-term barrier and target at 103.72, 22/05 yearly high. Positive near-term studies support the notion, however, hesitation on approach to initial barrier at 103.36, could be seen on overbought hourly conditions. Session low at 102.87, reinforced by 20DMA, offers immediate support, ahead of102.59, Fibonacci 38.2% of 101.60/103.21 upleg / 4-hour 55DMA and 102.41, 50% retracement / 05/12 previous high, while extension below 102.00 will be bearish. Res: 103.21; 103.36; 103.72; 104.00 Sup: 102.87; 102.59; 102.41, 102.22 http://mediaserver.fxstreet.com/Repo...1209095637.png AUDUSD The pair remains in near-term corrective phase off fresh lows at 0.9000 zone which was dented on Friday’s post-data spike lower to 0.8988. The price, however, returned to its steady ascend mode and posted fresh high at 0.9128, following gap-higher opening and clearance of psychological 0.9100 barrier. Hourly studies maintain positive tone, while on the other side, 4-hour structure is still weak and lacks momentum for eventual push through key near-term barriers at 0.9145/69, as the price reverses under 0.9100 handle. Failure to regain 0.9145/69, 03/02 / 12 peaks, would keep the downside risk in play, as a part of larger downtrend, with further consolidation above 0.9000 support, seen preceding fresh weakness towards short-term targets and key supports at 0.8891/46. Alternatively, rally through 0.9145/69 and psychological 0.9200 barrier, is required to confirm near-term **** and spark stronger recovery. Res: 0.9100; 0.9128; 0.9145; 0.9169 Sup: 0.9069; 0.9058; 0.8997; 0.8988 http://mediaserver.fxstreet.com/Repo...1209095612.png |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro continues to trend higher and posts fresh six-week highs, after break and close above the last barrier at 1.3710 opens way towards key resistance and annual high at 1.3831. The advance is supported by risk-on mode and positive sentiment that favors eventual push to 1.3831, as extension of the third wave from 1.3398 focuses its 138.2% expansion at 1.3786, as the wave could travel to 1.3852, 161.8% Fibonacci expansion, once the price clears key obstacle at 1.3831. Near-term studies are bullish but overbought that suggests hesitation on approach to the target, with immediate supports at 1.3733, session low / 20DMA and 1.3710/00, previous peak / round figure support / 55DMA. More significant supports lay at 1.3675, 05/12 peak / Fibonacci 38.2% retracement of 1.3527/1.3767 upleg and 1.3650, higher platform / 50% retracement and 1.3620, previous congestion tops / Fibonacci 61.8%, where stronger pullbacks should find ground. Res: 1.3767; 1.3789; 1.3800; 1.3852 Sup: 1.3733; 1.3700; 1.3650; 1.3620 GBPUSD Cable completed near-term corrective phase, after fresh strength from 1.63 zone, where a higher **** has been created, finally broke above previous high at 1.6441, posted on 02/12. Confirmation requires daily close above the latter, with immediate focus being shifted towards 1.6500, psychological barrier and the next target. Positive near-term technicals remain supportive, however, overbought hourly conditions may cause a delay in bull-run, towards initial support at 1.6417, session low / 20DMA and psychological 1.6400 support, also 04/05 / 12 highs and Fibonacci 38.2% retracement of 1.6290/1.6466 upleg. Key near-term support lies at 1.6300 higher platform and only violation of this support would trigger stronger pullback and sideline bulls. Res: 1.6466; 1.6500; 1.6550; 1.6571 Sup: 1.6417; 1.6400; 1.6368; 1.6322 USDJPY The pair returned to strength, with extension of the upleg from 101.60 ****, completing near-term corrective phase from 103.36 to 101.60. Cracking 103.36 barrier and 03/12 previous high, sees scope for eventual push towards key barrier at 103.72, 22/05 peak, to complete 103.72/93.78, short-term corrective phase and resume larger rally towards 104.20/50, next targets and psychological 105.00 barrier in extension. Positive tone prevails on near-term technicals, however, approaching overbought zone, suggests consolidative action ahead of 103.72 hurdle. Immediate supports lay at 103.15, 20DMA and 103.00, round figure support / 55DMA, ahead of 102.70, 38.2% retracement of 101.60/103.38 upleg and 102.50, 50% retracement, reinforced by ascending 4-hour 55DMA, where dips should find footstep. Res: 103.38; 103.72; 104.00; Sup: 103.15; 103.00; 102.70; 102.50 AUDUSD Near-term price action got congested within 0.9070/0.9115 range, following corrective rally rejection at 0.9128 and subsequent pullback that is so far contained at 0.9070 zone. Weakening hourly studies see the downside at risk, with trigger of fresh weakness on a break below 0.9070, as 4-hour action is still capped by 55DMA and indicators start to point lower. Extension below 0.9070, near-term ****, would signal top at 0.9128, with extension below 0.9040, Fibonacci 61.8% of 0.8988/0.9128 upleg, required to re-focus strong 0.9000 support zone. Alternative scenario required break above initial 0.9128 barrier and more significant 0.9145/69 hurdles, to bring bulls back in play and signal stronger recovery. Res: 0.9116; 0.9128; 0.9145; 0.9169 Sup: 0.9070; 0.9058; 0.9041; 0.9000 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains supported and advanced further, approaching psychological 1.38 barrier, en-route towards short-term target at 1.3831. Consolidation above previous low at 1.3740 and 4-hour 10DMA is under way, as the price, after yesterday’s rally stalled at 1.3794. Positive near-term studies are supportive, with overbought 4-hour conditions suggesting further consolidation, ahead of final push higher. Clearance of 1.3831, 22/05 year-to-date high, is expected to bring psychological 1.4000 barrier in the near-term focus. Session low at 1.3745 offers initial support, reinforced by hourly 55DMA, ahead of strong 1.3720/00 support zone, previous highs / Fibonacci 38.2% retracement of 1.3527/1.3794 ascend, where dips should find support. Otherwise, further easing towards 1.3620/00, 29/11 previous top / trendline support, would be likely. Res: 1.3774; 1.3794; 1.3800; 1.3852 Sup: 1.3740; 1.3720; 1.3700; 1.3650 GBPUSD Cable trades in near-term consolidative mode, after posting fresh high at 1.6466 and pullback being contained at 1.6400 support and Fibonacci 38.2% retracement of 1.6290/1.6466 upleg. Positive 4-hour studies favor further upside, however, weaker hourly conditions may prolong consolidative phase. Resumption o larger uptrend through 1.6466 will focus psychological 1.6500 barrier next, with further extension higher to open 1.6617, November 2009 high. Conversely, extension below 1.6400, would trigger further correction towards 1.6360 higher low and near 61.8% retracement, with key near-term support at 1.63 zone to come under pressure in case of further easing. Res: 1.6456; 1.6466; 1.6500; 1.6550 Sup: 1.6400; 1.6357; 1.6322; 1.6300 USDJPY The greenback lost traction against the yen after testing previous peak at 103.36, as subsequent pullback accelerates lower, following consolidation at 102.50 zone, 50% retracement of 101.60/103.38 ascend / 55DMA. Negative tone prevails on hourly studies and favors further downside, while 4-hour indicators are heading south and support the scenario. Next supports lay at 102.28, 61.8% retracement and 102.00, psychological support / Fibonacci 76.4% retracement, loss of which to expose key near-term support at 101.60. Violation of the latter would signal stronger pullback and sideline bulls, while holding above here suggests the price is in range trading. Res: 102.79; 102.94; 103.38; 103.72 Sup: 102.28; 102.00; 101.60; 101.00 AUDUSD The pair broke above near-term congestion and tested important 0.9165 resistance, 02/12 peak and Fibonacci 38.2% retracement of 0.9446/0.8988 downleg, where gains stalled. Subsequent pullback that was so far contained by 55DMA above 0.9100 support, round figure / Fibonacci 38.2% of 0.8988/0.9165, could be seen as corrective and preceding fresh rally. Positively aligned near-term studies support the scenario, with price expected to hold above 0.9100 for renewed attempt higher, as clearance of 0.9165 barrier is required to confirm near-term **** and spark further recovery towards 0.9200. Alternatively, loss of 0.9100 handle would weaken the structure and signal further prolonged consolidation above fresh lows at 0.9000 ****. Res: 0.9128; 0.9145; 0.9169; 0.9200 Sup: 0.9115; 0.9100; 0.9070; 0.9056 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro maintains positive tone and cracked psychological 1.38 barrier, opening way towards key target at 1.3831, 25/10 year-to-date high. Technicals on the lower timeframes are positive, with overbought reading on 4-hour chart and 10DMA at 1.3770 offering immediate support and holding for now consolidation below fresh high at 1.3809. Next support lies at 1.3740, overnight low and yesterday’s intraday low, with further easing to ideally find footstep at 1.3700, Fibonacci 38.2% retracement of 1.3527/1.3809 upleg. Extension above 1.3831 barrier to open 1.3852, Fibonacci 161.8% expansion of the wave from 1.3398 and psychological 1.3900 barrier in extension. Res: 1.3796; 1.3809; 1.3831; 1.3852 Sup: 1.3770; 1.3740; 1.3700; 1.3668 GBPUSD Cable lost traction after price accelerated below initial supports at 1.6420/00, extending corrective pullback from 1.6466 peak to 1.6340 zone, near 76.4% retracement of 1.6290/1.6449 upleg. Negative tone prevails on hourly chart, however, 4-hour picture shows bulls still in play, as 55DMA protects the downside for now. Increased downside risk would be seen in case of losing key near-term support at 1.6300 zone, otherwise, further consolidation, with tone skewed towards the upside, is seen as likely near-term scenario. Break above 1.6400/20 barriers is required to confirm. Res: 1.6400; 1.6420; 1.6456; 1.6466 Sup: 1.6351; 1.6337; 1.6322; 1.6290 USDJPY The pair extended pullback from 130.38 peak, where strong rally from 101.60 was capped, with dips extending to 102.14 so far, keeping important 102.00 support intact for now. The price remains in near-term range between 101.60 and 103.38, holding above its midpoint, as fresh strength off 102.14, improves hourly structure. However, weak 4-hour conditions require break above psychological 103.00 barrier, to shift focus higher. Break of either boundary of the range to define near-term direction. Overall bullish picture keeps the upside favored for now, with clearance of 103.38 to open key barrier at 103.72. Only loss of 101.60 higher low, would weaken near-term structure and signal double-top formation that may result in stronger pullback in the near-term. Res: 102.94; 103.20; 103.38; 103.72 Sup: 102.45; 102.14; 102.00; 101.60 AUDUSD The pair failed to capitalize on extension to 0.9165, as the resistance capped bulls and subsequent fall erased the biggest part of recovery rally from 0.8988 to 0.9165 on a fall to 0.9009. Weak near term studies keep the downside under pressure, as break below 0.9000 **** would trigger fresh extension of larger downtrend for final attempt at key supports at 0.8891/46. Bears, however, may be delayed for corrective rally on oversold hourly studies, with gains to be limited and ideally capped at 0.9100, round figure / Fibonacci 61.8% of 0.9165/0.9009 descend. Res: 0.9069; 0.9087; 0.9105; 0.9128 Sup: 0.9009; 0.8988; 0.8950; 0.8900 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro holds its near-term neutral tone, trading within 1.37/1.38, on week range, ahead of today’s Fed’s decision. The pair regained levels above range’s midpoint after yesterday’s dip that was contained at 1.3720, keeping 1.37 **** out of reach for now. Positively aligned hourly technicals keep the upper range boundary in focus, as 4-hour price action remains supported by rising 55DMA and gaining fresh bullish momentum. Clear break above 1.38 barrier to open key hurdle and near-term target at 1.3831, year-to-date high, above which to confirm completion of two-month corrective phase and resume larger bulls towards immediate targets at 1.3847/71, Fibonacci 138.2% / 161.8% projection and psychological 1.3900 barrier in extension. Negative scenario requires loss of 1.37 handle to trigger fresh bears and start corrective phase, with solid support seen at 1.3620, 29/11 previous peak and bull-trendline, drawn off 1.3294, 07/11 low. Res: 1.3781; 1.3797; 1.3809; 1.3831 Sup: 1.3760; 1.3740; 1.3720; 1.3708 GBPUSD Cable remains at the back foot, as fresh extension of the pullback from 1.6466 broke below 1.6260, previous range tops, putting pressure at psychological 1.6200 support. Overall negative tone keeps the downside favored, with more significant 1.6160, 50% retracement of 1.5853/1.6466 upleg / daily 55DMA, expected to come in focus, once 1.6200 handle is lost. Corrective rallies should be ideally capped under 1.6350, 16/12 lower top and 20/55DMA’s bearish crossover, to keep bears intact. Any extension above here would put bears on hold and signal stronger recovery, with solid barriers at 1.6400/20. Res: 1.6335; 1.6348; 1.6369; 1.6400 Sup: 1.6261; 1.6212; 1.6200; 1.6160 USDJPY The pair extends its corrective pullback from 103.91, 13/12 peak, cracking initial support at 102.63, also bull-trendline off 101.60, on extension to 102.19, over 76.4% retracement of 102.15/103.91 upleg. Subsequent bounce, so far limited at 103 barrier, needs to clear 103.20, 50% retracement of 103.91/102.49 downleg, to sideline near-term bears and shift focus higher. Otherwise downside risk towards 102.15 and more significant 101.60 higher low, would remain in play. Res: 103.14; 103.27; 103.70; 103.91 Sup: 102.49; 102.15; 102.00; 101.60 AUDUSD The pair remains under pressure and finally cracked key support at 0.8891, 30/08 low, to fully retrace 0.8891/0.9755 bull-phase. With near-term technicals holding firm bearish tone, further downside is seen favored, as the price looks for test of another key level and year-to-date low at 0.8846, posted on 05/08/2013. Consolidative action is expected to precede fresh weakness, with immediate barriers laying at 0.8968, previous consolidation ceiling and 0.9000, psychological barrier / 04/05 / 12 lows. Any bounce higher should be ideally capped at 0.91 zone, where bearish 20/55DMA’s crossover stands. Only clearance of 0.9165, lower platform and breakpoint, would signal stronger recovery. Res: 0.8927; 0.8968; 0.9000; 0.9065 Sup: 0.8881; 0.8846; 0.8800; 0.8770 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro lost traction on post-Fed action, as initial reaction higher failed at 1.3809 and quick reversal below important 1.37 support weakened near-term structure, as the price dipped to 1.3648, retracing nearly 61.8% of 1.3527/1.3809 ascend. With near-term studies now being negatively aligned, increased risk of double-top formation is seen in the near-ter. Break below next supports at 1.3620/00 is required to confirm and allow for stronger corrective action towards 1.3520 higher platform. Negative scenario will also sideline short-term bulls and keep initial target and annual high at 1.3831 out of reach for now. Corrective rallies should be ideally capped at 1.3730 zone, to keep fresh bears intact. Res: 1.3708; 1.3730; 1.3781; 1.3809 Sup: 1.3648; 1.3620; 1.3600; 1.3523 GBPUSD Cable regained strength and spiked to 1.6484, marginally higher high yesterday, after extension of pullback from previous high at 1.6466, finally found ground near psychological 1.62 support and Fibonacci 38.2% retracement of 1.5853/1.6484 ascend. Freshly established positive tone keeps the upside favored, as easing from 1.6484 peak consolidates under 1.6400 barrier. Hourly studies are in corrective descend, while 4-hour indicators broke into positive territory and support fresh attempts higher. Initial target lies at 1.6500, above which to expose 1.6571/1.6617, August 2011 highs. To maintain positive structure, dips should not exceed 1.6350, previous peaks and 50% retracement of 1.6212/1.6484 upleg, reinforced by hourly 55DMA. Res: 1.6400; 1.6420; 1.6466; 1.6484 Sup: 1.6350; 1.6315; 1.6300; 1.6270 USDJPY The pair surged through previous peak at 103.91 and psychological 104.00 barrier, on a rally from 102.60 zone, where higher platform was left. Resumption of larger uptrend, interrupted by near-term 103.91/102.50 corrective phase, looks for test of 105.00, round figure resistance and 105.58, Fibonacci 61.8% retracement of larger 2007/2011 124.14/75.55 downtrend. With positive tone dominating on lower timeframes studies, the upside remains favored, however, corrective actions on overbought conditions, may interrupt rallies. Previous tops at 103.38, also Fibonacci 38.2% retracement of 101.60/104.35 upleg, offer good support and should ideally contain corrective pullbacks. Res: 104.13; 104.35; 105.00; 105.58 Sup: 103.70; 103.38; 103.00; 102.65 AUDUSD The pair remains under pressure, as yesterday’s post-data spike higher was rejected under initial 0.8968 barrier, previous consolidation top and subsequent weakness posted fresh low at 0.8820, clearing another key support and former annual low at 0.8846. Negative tone on lower timeframes keeps the downside favored, with next targets laying at 0.0800, round figure support and 1.0769, October 2008 low. On the other side, oversold daily conditions see potential for corrective action in the near-term. Initial resistance lay at 0.8880 and 0.8900, with more significant lower platform at 0.8968, reinforced by falling 55DMA of 4-hour chart, offering solid resistance. Only break here would signal stronger corrective action and sideline bears. Res: 0.8880; 0.8900; 0.8968; 0.9000 Sup: 0.8820; 0.8800; 0.8770; 0.8750 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD EURUSD remains unchanged trading sideways between 1.3720 and 1.3665. This is causing the price to trade at the 55 and 20 moving average on the 1 hour chart. Overall the dollar remains strong on expectations of a further reduction in US monetary stimulus. However we expect limited action as many markets are still on Holiday Res: 1.3720, 1.3750, 1.3785 Sup: 1.3665, 1.3645, 1.3620 GBPUSD Sterling did produce some action today as we saw it break its first resistance level 1.6370. It continued its rise to test the next resistance level 1.6400 but failed to break it and retraced. This was a good sign for the bulls and outlook will remain upwards if it stays supported at 1.6320 (today’s pivot point). However generally there is no trend formation on the H1 chart and we still consider it to be range mode Res: 1.6400, 1.6440, 1.6480 Sup: 1.6320, 1.6285, 1.6250 USDJPY Most currency pairs have fallen in range trading mode during this thin volume holiday period. However the USDJPY is the exception as we see a clear upward trend formation as it continues to break resistances and achieve new highs not seen since 2008. It recently broke 104.40 and 104.60 to achieve new high at 104.80. Next target is 105. On precautionary note we see the RSI above the 70 level indicating we might see a brief retracement from these overbought levels before we continue to go up on the H1 chart Res: 105, 105.20, 106 Sup: 104.30, 103.75, 103.40 GOLD RSI moving horizontally indicating weak buying and selling momentum due to thin volume holiday trading. This is further confirmed as we see Gold prices are now exactly at their 20 and 55 moving averages on the 1 hour chart plus MACD is near 0 and Momentum 22 near 100 level. The current boundaries are 1215 and 1190. Res: 1215, 1227, 1245 Sup: 1190, 1180, 1167 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EUR/USD Volatility appears to be easing after the pair’s rollercoaster ride during the past few days, failure of breaking 1.3817 high is keeping the pair on a down trend towards 1.3215-30 zone, any rise above 1.3817 would open an uptrend towards previous peak of 1.3890 Res: 1.3820, 1.3845, 1.3860, 1.3890 Sup: 1.3780, 1.3755, 1.3730, 1.3715 GBP/USD Caped by yesterday’s High at 1.6535 and previous day’s peak at 1.6545 Sterling managed to hold ground above 1.6455 zone for a retest to the upper side, currently towards 1.6535 again, and to 1.6575 ahead of 1.6620 Aug 2011 high, only a break of 1.6440-55 zone would open acceleration towards 1.9390 zone. Res: 1.6520, 1.6535, 1.6575, 1.6620 Sup: 1.6455, 1.6440, 1.6395, 1.6345 USD/JPY Failure to break yesterdays high at 105.40 left the pair in a correction action for the past two days for a test of 104 zone, currently first support is found at 104.80 and 104.60 next, a break there would open further correction towards 104.10 and 103.70 On the upside, 105.15 offers good resistance, and if broken we might see a retest of 105.40 peak, a break there would resume the uptrend 106.55 Oct 2010 high. Res: 105.15, 105.40, 106.55, 107.80 Sup: 104.80, 104.60, 104.10, 103.70 USD/CAD Failure to break current month peaks at 1.0730 zone, yesterday the pair dropped towards 1.0635 so far and if unable to find momentum USDCAD might drop again if 1.0635 is broken, probably towards 1.0600-20 zone if not to 1.0580 (23 Dec Low) Momentum can be found if 1.0660 is broken, that could open a test for 1.0690 and 1.0730 next. Res: 1.0660, 1.0690, 1.0715, 1.0730 Sup: 1.0635, 1.0615, 1.0605, 1.0580 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EUR/USD After today’s double top during the Asian session at 1.3775, EURUSD managed to break 31st Dec low and so far found support at 1.3710, a break there would open 24th Dec low and 38.2% Fibo of (1.3890-1.3295) at 1.3655 and next to 20th Dec low at 1.3625 zone. On the upside, 1.3750 could offer resistance ahead of today’s high at 1.3775, in which a break there would open more to the upside towards 1.3790 and 1.3820 next. Res: 1.3750, 1.3775, 1.3790, 1.3820 Sup: 1.3710, 1.3655, 1.3625, 1.3590 GBP/USD Still on a higher lows pattern, cable managed to find resistance at 1.6600, 20 pips ahead of Aug 2011 highs, next target should be around 1.6745 , 2011 high. On the downside, support is found at 1.6545 and 1.6500 ahead of 1.6455 previous trading session low range. A break of 1.6455 would open downtrend towards 1.6395 and 1.6315 Res: 1.6600, 1.6620, 1.6695, 1.6745 Sup: 1.6545, 1.6500, 1.6455, 1.6395 USD/JPY USDJPY is still testing 105.40 which would keep the uptrend intact of broken towards, 106.55, or even higher towards Sep 2008 high at 109.20 and Aug 2008 high at 110.65. on the downside short term supports are found 105.15 , 104.85 and 104.60, the latter would open acceleration towards 103.75 19th to 23ed Dec lows. Res: 105.40, 105.90, 106.55, 107.20 Sup: 105.15, 104.85, 104.65, 104.20 USDCHF Failure “So far” to break last week’s high at 0.8970, the pair found ground around 0.8920 zone, a break today’s high would open more acceleration towards 0.9000 peak of 20th Dec. only above 0.9050 would open an uptrend towards 0.9200 zone. On the downside, below 0.8920 support is found at 0.8860-80 zone, ahead of 27th Dec bottom at 0.8800 Res: 0.8920, 0.8880, 0.8860, 0.8800 Sup: 0.8970, 0.9000, 0.9050, 0.9105 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro corrects yesterday’s fresh losses that probed below 1.36 handle and so far found support at 1.3570, just ahead of trendline support at 1.3550. Bounce to 1.3650 was capped by 4-hour 20DMA, as the price attempts to stabilize above 1.36 support. Slight positive tone exists on hourly chart, with 4-hour indicators starting to reverse that may be supportive for further recovery action. Bears are on stand-by on lower ADX timeframes, with clearance of initial barriers at 1.3650, yesterday’s high and 1.3664/75, Fibonacci 38.2% of 1.3817/1.3570 downleg / 02/01 lower high, seen as minimum requirement to spark further recovery. Strong barrier at 1.3720, Fibonacci 61.8% retracement / 20/55DMA’s bearish crossover and broken bull trendline off 1.3294 low, is seen capping upside attempts for now, with fresh bears expected to take control once corrective action is completed. The notion is supported by reversal pattern developed on daily chart, with break below 1.3570, expected to open 1.3525 higher platform / Fibonacci 61.8% retracement, reinforced by daily 100DMA. Conversely, sustained break above 1.3720 would neutralize bears and re-focus upper targets at 1.38 zone. Res: 1.3650; 1.3670; 1.3700; 1.3720 Sup: 1.3600; 1.3570; 1.3525; 1.3500 GBPUSD Cable maintains negative near-term tone off fresh high at 1.6602, as fresh extension of pullback from here, reached 1.6336 so far, retracing between 61.8% and 76.4% of 1.6212/1.6602 upleg. With corrective bounce being capped for now at 1.6432 by 20/55DMA’s bearish crossover of 4-hour chart, more downside risk could be seen in the near-term, as 4-hour technicals are negative. On hourly chart, however, indicators turned neutral, as the price consolidates, but price action being capped by descending 55DMA. Preferred scenario sees fresh attempt lower, with 1.6336 seen as initial support, ahead of 1.63 zone, higher platform and 76.4% retracement. To avert immediate downside risk, regain of minimum 1.6473, 03/01 lower top / 50% retracement of 1.6602/1.6336 fall, is required. Res: 1.6400; 1.6434; 1.6473; 1.6500 Sup: 1.6380; 1.6336; 1.6300; 1.6254 USDJPY The pair trades in near-term corrective mode off fresh highs at 105.40, where double-top was formed. Fresh extension below 104 zone, where the pair previously found footstep, also marking 38.2% retracement of 101.60/105.43 upleg and bull trendline off 101.60, signals further weakness. The notion is supported by negative near-term technicals, with corrective bounce off fresh low at 103.90, so far being capped by bear-trendline off 105.43 peak at 104.60. This is seen as ideal lower top fort fresh attempt lower, with break below 103.90, expected to open 103.50, 50% retracement of 101.60/105.43 and 103.06, Fibonacci 61.8%, in extension. Conversely, extended corrective rally above 104.60, would delay bears, however, only break above 105 barrier is required to neutralize. Res: 104.60; 104.83; 104.94; 105.43 Sup: 104.17; 103.90; 103.52; 103.06 AUDUSD The pair lost traction after upside rejection at 0.9000 barrier extended pullback below initial support and consolidation floor at 0.8935, with dips coming close to psychological 0.8900 support, also Fibonacci 61.8% of 0.8842/0.9003 upleg. Hourly studies are negative, with 4-hour price action losing momentum that keeps the downside vulnerable for now. Loss of 0.8900 handle to confirm bears in play for retest of downside targets at 0.8842 and 0.8819. Alternatively, Fresh strength above initial barrier and former consolidation top at 0.8975, would re-focus 0.9000 break point, also 50% retracement of 0.9165/0.8819 descend, for possible resumption of near-term recovery phase. Res: 0.8935; 0.8975; 0.9000; 0.9033 Sup: 0.8900; 0.8880; 0.8842; 0.8819 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro trades in near-term consolidative phase, off fresh low at 1.3570, where the pullback found temporary support just ahead of daily Ichimoku cloud top at 1.3563 and main bull trendline at 1.3550. The price action is entrenched within 1.3600/55 range, with hourly studies in neutral mode. However, negative tone prevails on 4-hour chart that keeps the downside at risk, while the price holds below initial barriers at 1.3664/69, Fibonacci 38.2% of 1.3817/1.3570 and 4-hour 55DMA. Break lower to trigger fresh bear-leg and open next targets at 1.3525, higher platform / Fibonacci 61.8% retracement of 1.3294/1.3892 upleg, reinforced by daily 100DMA / round figure support. Conversely, sustained break above 1.3570 hurdle is required to avert immediate downside risk and allow for stronger bounce towards strong 1.3700/20 resistance zone, 50% / 61.8% retracement of 1.3817/1.3570 / bearish 20/55DMA’s crossover. Res: 1.3655; 1.3670; 1.3700; 1.3720 Sup: 1.3600; 1.3570; 1.3525; 1.3500 GBPUSD Cable maintains negative tone off fresh high at 1.6602, as 4-hour studies remain negative and near-term consolidation above fresh reversal low at 1.6336, stays capped by 20/55DMA’s bearish crossover and Fibonacci 38.2% of 1.6602/1.6336 descend at 1.6435. Hourly studies are neutral, as the price action consolidates within 1.6373/1.6435 range, confirmed by yesterday’s Doji, with downside seen vulnerable while 1.6435 caps. Extension higher needs to clear key near-term barrier at 1.6470, 03/01 lower top / 50% retracement, to bring bulls in play and signal near-term ****. Otherwise, risk of lower top formation and fresh leg lower, would remain in play. Res: 1.6435; 1.6473; 1.6500; 1.6539 Sup: 1.6375; 1.6336; 1.6300; 1.6254 USDJPY The pair returns to strength, as recovery attempt from fresh low at 103.90 broke above trendline resistance at 104.45 and cracked lower top / psychological barrier at 105.00. With 4-hour indicators breaking into positive territory, near-term focus turns towards key barriers and double-top at 105.40 zone, as fresh bulls confirm higher low formation at 104 zone, strong trendline / Fibonacci support. Regain of 105.40 hurdle to signal completion of near-term corrective phase and resume larger uptrend. However, hesitation ahead of 105.40 could be expected on overbought hourly studies, with corrective action to be ideally contained above 104.50, 50% retracement of 103.90/105.12 upleg / hourly bullish 20/55DMA’s crossover. Res: 105.12; 105.43; 105.58; 106.00 Sup: 104.82; 104.65; 104.50; 104.32 AUDUSD Near-term structure remains weak, as the reversal from 0.9003 upside rejection probed below 0.8900 support. Negative hourly and 4-hour indicators breaking below the midlines, favor further weakness, as the price so far retraced over 61.8% of 0.8842/0.9003 recovery rally. Clear break below 0.89 handle to open initial 0.8842 support, with risk of retesting key support and 2013 low at 0.8819, seen in extension. Key near-term barrier and breakpoint lies at 0.9000 zone and only break here would improve the structure and allow for stronger corrective action. Res: 0.8935; 0.8975; 0.9000; 0.9033 Sup: 0.8892; 0.8880; 0.8842; 0.8819 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro extended near-term weakness from 1.3892 peak, to test strong support of bull-trendline off 1.2754 low and Daily Ichimoku cloud top at 1.3550 zone. The support contained bears for now, with corrective action under way, testing initial barrier at 1.3600/10, round-figure / hourly 20DMA, ahead of lower platform / Fibonacci 38.2% retracement of 1.3817/1.3552 / 4-hour 55DMA, where rallies should be ideally capped to maintain bears. Technicals on lower timeframes remain negative and favor further downside, once corrective action is completed, with slide below 1.3550 to open 1.3525, higher platform / Fibonacci 61.8% retracement of 1.3294/1.3892 upleg, reinforced by daily 100DMA and 1.3500, round-figure support in extension. Alternative scenario sees break above 1.3650 as a trigger for stronger bounce towards 1.3684, 50% retracement and 1.3716, 61.8% / 20/55DMA’s bearish crossover / broken bull-trendline off 1.3294. Res: 1.3610; 1.3650; 1.3684; 1.3700 Sup: 1.3552; 1.3525; 1.3500; 1.3461 GBPUSD Cable extends near-term corrective phase off fresh low at 1.6336, after break above initial barrier and consolidation top at 1.3438, also Fibonacci 38.2% of 1.6602/1.6336, tested next target at1.6469, 50% retracement. Positive hourly studies and 4-hour indicators breaking above the midlines, support further recovery, with break above 1.6469/73, Fibonacci barrier / 03/01 lower top, is required to confirm formation of higher low at 1.6336 and trigger further gains towards 1.6500, psychological resistance / Fibonacci 61.8%. Initial support lies at 1.6434, previous resistance, reinforced by hourly 20DMA, with 1.64 zone, bullish 20/55DMA’s crossover / mid-point of entire 1.6336/1.6469 rally, expected to contain corrective dips. Res: 1.6469; 1.6473; 1.6500; 1.6539 Sup: 1.6434; 1.6400; 1.6375; 1.6336 USDJPY The pair returns to strength, as recovery attempt from fresh low at 103.90 broke above trendline resistance and lower tops at 140.83/94, to crack psychological barrier at 105.00, on extension to 105.12 so far. With near-term studies holding positive tone, near-term focus is shifted towards key barriers and double-top at 105.40 zone, as fresh bulls confirm higher low formation at 104 zone, strong trendline / Fibonacci support. Regain of 105.40 hurdle to signal completion of near-term corrective phase and resume larger uptrend. Corrective action off 105.12 was so far contained by ascending hourly 55DMA at 104.65, 38.2% of 103.90/105.12, with triangular consolidation under 105 handle being under way. Near-term bulls would come under pressure in case the price slides below 103.65 and 103.50 supports, the latter marking 50% retracement. Res: 105.00; 105.12; 105.43; 105.58 Sup: 104.75; 104.65; 104.50; 104.32 AUDUSD Near-term structure remains weak, as the reversal from 0.9003 upside rejection sustains break below 0.8900 support. Negative near-term technicals favor further weakness, as the price so far retraced over 76.4% of 0.8842/0.9003 recovery rally, on extension to 0.8863 so far. Initial support at 0.8842 is under pressure, with risk of retesting key support and 2013 low at 0.8819, seen in extension, break of which to resume larger downtrend and expose the next target at 0.8769, Aug 2010low. Key near-term barrier and breakpoint lies at 0.9000 zone and only break here would neutralize near-term bears. Res: 0.8892; 0.8910; 0.8951; 0.8975 Sup: 0.8863; 0.8842; 0.8819; 0.8800 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro ended week in positive tone, following last Friday’s strong rally from 1.3550 zone, where higher **** was formed, with support being reinforced bull-trendline off 1.2754 / daily 100DMA. Rally to 1.3686, so far retraced 50% of 1.3817/1.3547 downleg, with near-term technicals returning to bullish mode. Consolidation on overextended hourly studies is under way and so far contained at previous double-top at 1.3655, with further upside seen favored in the near-term. Immediate barriers lay at 1.3700/15 zone, round-figure / Fibonacci 61.8% retracement / daily Tenkan-sen / Kijun-sen bearish cross, above which to open way towards strong 1.38 resistance zone. Any further dips should be ideally contained above 1.3630, 50% retracement of Friday’s 1.3567/1.3686 rally, to keep bulls in play. Res: 1.3686; 1.3700; 1.3715; 1.3753 Sup: 1.3655; 1.3630; 1.3612; 1.3595 GBPUSD Cable maintains positive near-term tone, as weekly close occurred just under 1.65 barrier, following last Friday’s bumpy post-US data ride, when price dipped to 1.6380, but quickly recovered losses. As 1.65 resistance, also Fibonacci 61.8% retracement of 1.6602/1.6336 descend, has been cracked, further upside is favored and requires clear break here to open key resistance at 1.6602, 02/01 peak. Positively aligned near-term studies support the notion, with corrective dips allowed to 1.6400, 61.8% of last Friday’s 1.6380/1.6515 rally, otherwise, downside pressure would increase on a violation of 1.6400/1.6380 supports Res: 1.6450; 1.6500; 1.6515; 1.6539; 1.6577 Sup: 1.6480; 1.6447; 1.6430; 1.6400 USDJPY The pair lost ground after last Friday’s upside rejection on approach to key 105.40 barrier and subsequent acceleration lower, losing 104.26 trendline support and more significant 104 ****. Fresh weakness approaches next support 103.00, psychological support / Fibonacci 61.8% retracement of 101.60/105.43 ascend, with bearish near-term technicals keeping the downside in focus and the notion being supported by daily Evening Doji star. However, oversold conditions of lower timeframes studies, suggest consolidative / corrective phase, ahead of fresh weakness, with no reversal signal being generated yet. On the upside, previous supports at 103.90/104.00, offer initial and solid resistance, ahead of broken bear-trendline at 104.30, also 50% of last Friday’s fall, where rallies should be ideally capped. Res: 103.90; 104.04; 104.30; 104.55 Sup: 103.24; 103.00; 102.50; 102.14 AUDUSD The pair regained strength and eventually broke above three-week congestion top at 0.9000, with fresh extension to 0.9046, marking over 61.8% retracement of 0.9165/0.8819 downleg. Immediate threat of fresh weakness and resumption of larger downtrend, is now sidelined, as near-term price action moves in corrective mode. Regain of key barrier at 0.9165, 10/12 high, is required to neutralize bears and confirm **** at 0.8820 zone. However, overbought conditions of 1 and 4-hour chart studies, would delay fresh upside attempts and allow for consolidative/corrective action, with initial support laying at 0.9000, reinforced by hourly 20DMA and 0.8960, 50% of 0.8879/0.9040 upleg, reinforced by hourly 55DMA, expected to contain. On the upside, next hurdles lay at 0.9083/91, Fibonacci 76.4% / 4-hour 55DMA, with clearance of psychological 0.9100 barrier, to clear way towards key 0.9165 level. Reversing daily indicators are supportive for further recovery action. Res: 0.9040; 0.9083; 0.9100; 0.9165 Sup: 0.9000; 0.8978; 0.8960; 0.8940 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro maintains positive near-term tone and attempts above consolidation top at 1.3686, with price action being underpinned by hourly 55DMA. Positive 4-hour studies see the upside favored in the near-term, with break above initial resistance at 1.3686, also near 50% retracement of 1.3817/1.3547 downleg, to open next barrier at 1.3714, Fibonacci 61.8% and 1.3753, 76.4% retracement in extension. Sustained break above 1.37 hurdle is required to expose strong 1.38 resistance zone and confirm near-term **** at 1.3547. Initial support lies at 1.3650, 55DMA, below which comes 1.3636, consolidation floor / Fibonacci 38.2% of 1.3547/1.3698 upleg and 1.3623/00, 50% / 61.8%/trendline support, loss of which to bring bears in play and risk return to key 1.3547 support, 09/01 low / daily 100DMA. Res: 1.3700; 1.3715; 1.3753; 1.3800 Sup: 1.3636; 1.3623; 1.3600; 1.3567 GBPUSD Cable lost ground after repeated rejection at 1.65 barrier triggered sharp two-legged fall that nearly fully retraced 1.6336/1.6515 upleg on a dip to 1.6345. Freshly established bears on lower timeframes and formation of lower top at 1.6515, see increased downside risk for break below 1.6336 handle towards immediate supports at 1.6316, higher platform / Fibonacci 38.2% of 1.5853/1.6602 and psychological 1.6300 support, also Fibonacci 76.4% expansion of the third wave from 1.6515, below which the wave could extend to 1.6234, its 100% expansion and 1.6212, 17/12 low. Conversely, holding above 1.6336, would prolong consolidation and signal basing attempt, with bounce through pivotal 1.6430/40 barriers, required to confirm. Res: 1.6427; 1.6445; 1.6464; 1.6500 Sup: 1.6400; 1.6366; 1.6345; 1.6336 USDJPY The pair lost ground after last Friday’s upside rejection on approach to key 105.40 barrier and subsequent acceleration through trendline support and 104 ****. Fresh extension lower cracked 103.00, psychological support / Fibonacci 61.8% retracement of 101.60/105.43 ascend. Negative near-term technicals keep the downside in focus, with corrective action on oversold hourlies, seen preceding fresh weakness. Bounce from fresh low at 102.84, through initial barrier at 103.55 needs to clear 103.69/80, 55DMA / Fibonacci 38.2% of 105.34/102.84 and regain important 104.00 handle, to avert immediate downside risk. Otherwise, lower top formation and further retracement towards 102.50, Fibonacci 76.4% of 101.60/105.43 and 102.00, psychological support / Fibonacci 38.2% of larger 96.55/105.43 ascend, would be likely near-term scenario. Res: 103.80; 104.00; 104.39; 104.75 Sup: 103.22; 102.84; 102.50; 102.14 AUDUSD The pair regained strength and eventually broke above three-week congestion top at 0.9000, with fresh extension to 0.9084, 76.4% retracement of 0.9165/0.8819 downleg, signaling further recovery. Break above psychological 0.9100 barrier and regain of key barrier at 0.9165, 10/12 high, is required to neutralize bears and confirm **** at 0.8820 zone. However, corrective pullback on overbought conditions of 1 and 4-hour chart studies, would delay fresh upside attempts, with dips facing initial support at 0.9000, Fibonacci 38.2% of 0.8879/0.9084 upleg, reinforced by hourly 55DMA and 0.8982, 50% retracement, where further dips should be contained. Res: 0.9044; 0.9083; 0.9100; 0.9165 Sup: 0.9000; 0.8982; 0.8957; 0.8927 |
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