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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro completes near-term consolidation phase and cracks psychological 1.10 barrier, on fresh attempts higher. Yesterday’s rally closed above daily 55SMA, the last obstacle on the way to key short-term barriers at 1.1034/50, 06 Apr / 26 Mar tops. Studies maintain firm bullish tone, with daily 10/20SMA’s bull-cross, underpinning the action. Expanding daily 20d Bollingers support further upside, with the upper band reinforcing initial 1.1034 resistance and sustained break higher, expected to open daily cloud top at 1.1165 and 1.1231, Fibonacci 138.2% projection of the upleg from 1.0664, in extension. On the downside, Monday’s peak at 1.0925, marks initial support, ahead of yesterday’s low at 1.0858, also near 38.2% retracement of 1.0664/1.0989 upleg, where correction should be ideally contained. Only extension below 1.0790, daily 20SMA / Fibonacci 61.8% retracement, would neutralize bulls. Res: 1.1001; 1.1034; 1.1050; 1.1100 Sup: 1.0967; 1.0925; 1.0858; 1.0818 GBPUSD The pair maintains strong bullish tone, with yesterday’s fresh acceleration higher, being shaped in long green candle. Today’s fresh acceleration above yesterday’s high at 1.5435, Fibonacci 100% expansion of the second wave from 1.4854, makes retest of key barrier at 1.5551, peak of 26 Feb, also near Fibonacci 138.2% expansion, more viable. Strong bullish tone supports further upside, with corrective actions, signaled by overbought 4-hour studies, expected to interrupt rally. Yesterday’s low at 1.5175, reinforced by daily 100SMA, should ideally contain extended dips. Only loss of 1.51 zone, daily Ichimoku cloud top, would loss of which to sideline bulls. Res: 1.5400; 1.5427; 1.5478; 1.5530 Sup: 1.5300; 1.5259; 1.5175; 1.5100 USDJPY The pair remains above two-day **** at 118.76, with extended consolidative phase expected to precede fresh weakness. Near-term studies are negative and favor further downside, supported by eventual close below daily cloud **** at 118.92, which now marks initial barrier. Final push through key 118.52/31 supports is required to signal an end of short-term congestion and resume descend from 122.01, 10 Mar peak. Daily 10SMA offers the next barrier at 119.16, while only break above descending daily 20SMA, currently at 119.47, would sideline near-term bears and shift focus towards pivotal 120 barrier, signaling prolonged sideways trading. Res: 119.16; 119.47; 119.72; 120.08 Sup: 118.74; 118.52; 118.31; 118.00 AUDUSD The pair accelerated sharply yesterday and eventually broke and closed above psychological 0.80 barrier. Extended third wave that commenced from 0.7681, 21 Apr higher low, peaked yesterday at 0.8026, with focus at the next target at 0.8093, its Fibonacci 138.2% expansion. Near-term consolidation is under way, with extended dips, seen on overbought 4-hour conditions, facing initial support at 0.7936/26, former peak of 24 Mar / daily cloud top and expected to find ground above 0.7841, previous high of 17 Apr / near 50% of 0.7681/0.8026 upleg. Res: 0.8026; 0.8093; 0.8163; 0.8207 Sup: 0.7977; 0.7936; 0.7894; 0.7841 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro closed in red on Friday, after posting marginally higher high at 1.1288, where rally stalled on approach to descending daily 100SMA. Subsequent pullback is resuming lower, after losing initial footstep at 1.1173, above which, near-term consolidation occurred. Hourly studies are losing traction, signaling extended correction, as 4-hour indicators emerged from overbought territory. Ideal reversal points lay at 1.1109/1.1070, Fibonacci 38.2% retracement of 1.0818/1.1288 upleg / 29/30 Apr higher ****, where fresh attempts higher are expected to commence, as studies of larger timeframes remain bullish and notion supported by strong weekly positive close. Otherwise, acceleration below pivotal 1.1050/34, former breakpoints, would sideline upside attempts and signal further easing. Res: 1.1223; 1.1288; 1.1330; 1.1378 Sup: 1.1109; 1.1070; 1.1050; 1.1035 GBPUSD Cable enters near-term consolidative phase above fresh low at 1.5112, posted last Friday, where two-day pullback from 1.5496 upside rejection, found temporary footstep. Friday’s acceleration that left long red daily candle, confirms negative near-term tone, as reversal approached pivotal support at 1.51 zone, daily Ichimoku cloud top / Fibonacci 61.8% retracement of 1.4854/1.5496 upleg, loss of which could trigger further corrective easing. However, overall bulls remain intact and see scope for renewed attempts towards key short-term barrier at 1.5551, 26 Feb peak, after completion of corrective phase. Only loss of psychological 1.50 support, reinforced by daily 20SMA, would neutralize and shift focus lower. Res: 1.5173; 1.5202; 1.5257; 1.5300 Sup: 1.5112; 1.5095; 1.5051; 1.5000 USDJPY The pair broke above pivotal 120.08 barrier, 23 Apr high, extending two-day recovery rally off 118.50 ****. Positive daily/weekly close is seen supportive for fresh attempts at short-term range top at 120.83, for break above the range, confirmed by repeated monthly Doji. The price attempts to hold gains above daily cloud top at 120.00 and maintain improving tone of daily studies, with widening daily 20d Bollingers, supporting scenario. Also, bullish tone, established on near-term studies, supports further upside attempts. Extended correction under 120 handle, to face 119.85, former high, ahead of 119.60, Fibonacci 38.2% of 118.48/120.27 upleg, where dips should be ideally contained. Res: 120.27; 120.43; 120.83; 121.19 Sup: 120.00; 118.85; 119.60; 119.30 AUDUSD The Aussie is at the back foot, as three-day reversal from fresh recovery top at 0.8073, dipped below 50% retracement of 0.7551/0.8073 rally, finding temporary footstep at 0.78 handle, where daily Kijun-sen contained acceleration for now. Near-term studies turned bearish and see risk of further easing that will expose pivotal supports at 0.7768/50, daily 20SMA / daily cloud **** / Fibonacci 61.8%, below which to confirm reversal and turn near-term focus lower. Weekly close in Doji with long upper shadow, confirms recovery’s hesitation, however, monthly bullish engulfing pattern, would signal further recovery, after completion of near-term corrective phase. Res: 0.7843; 0.7861; 0.7918; 0.7975 Sup: 0.7800; 0.7773; 0.7750; 0.7709 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD EURUSD extends lower on two-day corrective pullback from 1.1288, with fresh extension below initial 1.1173 support, being so far contained by daily Ichimoku clod **** at 1.1121. The move is seen as corrective phase of larger uptrend, as daily technicals hold bullish setup. On lower timeframes, hourly studies are negative, with 4-hour indicators heading south and allowing for further easing, before bulls re-assert. Next supports lay at 1.1109/1.1070, Fibonacci 38.2% retracement of 1.0818/1.1288 upleg / 29/30 Apr higher ****, below which, extended dips should ideally reverse at 1.10 zone, ascending daily 10SMA / double-Fibonacci support, 38.2% retracement of entire1.0519/1.1288 rally and 61.8% retracement of 1.0818/1.1288 upleg. Overall bullish structure keeps upside in focus, with penetration of 1.1288 barrier, to open next targets at 1.1387, Fibonacci 38.2% retracement of larger 1.2884/1.0461 descend and pivotal 1.1449, lower top of 19 Feb. Conversely, extension and close below daily 10SMA, would soften the structure and trigger further easing. Res: 1.1188; 1.1223; 1.1288; 1.1330 Sup: 1.1109; 1.1070; 1.1053; 1.1000 GBPUSD Cable remains under pressure in the near-term, with yesterday’s fresh weakness ending day in red again and probing below pivotal 1.51 support zone, where daily Ichimoku cloud and Fibonacci 61.8% retracement of 1.4854/1.5496 upleg lies. Descend found temporary support here, with near-term consolidative phase under way. Negatively aligned near-term technicals see risk of further easing that will be looking for another pivotal support at 1.5000, psychological support, reinforced by ascending daily 20SMA, also near daily Ichimoku cloud ****, loss of which to neutralize daily bulls. Current consolidation is capped by daily 100SMA at 1.5152, with break here and acceleration above 1.52, daily 10SMA, required to give initial signals of reversal. Res: 1.5152; 1.5200; 1.5245; 1.5300 Sup: 1.5090; 1.5030; 1.5000; 1.4974 USDJPY The pair trades in near-term consolidative phase under yesterday’s fresh high at 120.27, with 1.20 zone, previous pivotal barrier, also daily Ichimoku cloud top, keeping the downside protected for now. Hourly neutral tone favors further sideways trading, while 4-hour studies maintain bullish setup and see scope for further ascend, after 120 breakpoint was taken out. Also, daily studies are building bullish momentum that would encourage for final push towards key barrier at 120.83, 13 Apr high and top of short-term range, final break of which is required to end short-term directionless phase and focus key peak at 122.01. Alternatively, reversal under 120 handle would risk extension to the pivotal, sideway’s moving daily 20SMA at 119.54, close below which would signal false break higher and confirm extended range-trading. Res: 120.27; 120.46; 120.67; 120.83 Sup: 120.00; 118.80; 119.54; 119.25 AUDUSD Aussie trades in choppy near-term mode, after RBA’s rate cut. Yesterday’s Doji signals indecision, with hopes of reversal still in play, despite overnight’s short-lived crack of 0.78 handle that was contained by ascending daily 20SMA. Today’s rallies probed above daily Ichimoku cloud top at 0.7906, with daily close above daily 10SMA, currently at 0.7867, seen as minimum requirement to signal reversal. Extension above 0.79 barrier, to confirm. Bullish daily studies support the notion. Conversely, renewed attempts below 0.78 and loss of daily 20SMA, to confirm extension of reversal from 0.8073, peak of 29 Apr. Res: 0.7916; 0.7961; 0.8000; 0.8020 Sup: 0.7800; 0.7780; 0.7749; 0.7738 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/audusd_20150505065634.png[/IMG] |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The pair extends recovery rally from 1.1064, where correction off 1.1288 peak was contained by daily cloud top. Today’s acceleration above yesterday’s high at 1.1221, dented descending daily 100SMA that so far capped the upside action, opening way for final retest of key 1.1288 barrier, 01 May fresh recovery high. Strong bullish tone on daily studies, supports resumption of recovery leg from 1.0519, for extension above psychological 1.1300 barrier, towards next target at 1.1387, 38.2% of larger 1.2885/1.0461 bear-leg. Hesitation on approach to 1.1288 barrier could be anticipated, as hourly studies are overbought. Consolidation phase should be ideally holding above 1.1173, session low / near mid-point of recovery rally from 1.1064. Key near-term support and breakpoint lies at 1.1064, yesterday’s low and cloud top, reinforced by ascending daily 10SMA and potential break here would be a signal of stronger correction. Res: 1.1269; 1.1288; 1.1350; 1.1387 Sup: 1.1221; 1.1173; 1.1143; 1.1108 GBPUSD The pair trades in near-term consolidation phase above fresh lows at 1.5088, where near-term **** was formed. Recovery attempts were so far capped under 38.2% of 1.5490/1.5088 pullback, keeping further recovery on hold. Weak 4-hour studies keep the downside vulnerable, with daily 100SMA reinforcing today’s lows and guarding more significant 1.5088 **** and daily cloud top. Daily technicals maintain bullish tone and keep the upside focused, with extension above next barrier at 1.5260, daily Tenkan-sen line, required to accelerate near-term bulls for further recovery. However, regain of 1.5395, 01 May high and lower top, is needed to confirm higher **** and open pivotal 1.5496 peak for retest and re-focus key short-term barrier at 1.5551, 26 Feb peak. Alternatively, violation of pivotal 1.5088 **** would trigger further retracement of 1.4563/1.5496 rally and expose rally’s mid-point at 1.5030, reinforced by daily Kijun-sen line. Res: 1.5240; 1.5289; 1.5336; 1.5395 Sup: 1.5148; 1.5111; 1.5088; 1.5030 USDJPY The pair remains within short-term range and slides to range’s mid-point, following yesterday’s recovery attempt rejection at 120.49, where daily 20d upper Bollinger band capped and subsequent easing that broke into daily Ichimoku cloud. Key supports at 119.51/43, daily 20SMA / cloud’s ****, stay intact for, with attempts and close below here, to further weaken soft near-term tone and expose range floor at 118.50. Daily technicals hold neutral tone and see extended range-trading as favored near-term scenario. Break of either boundary of the range, is required to signal fresh direction. Res: 120.00; 120.26; 120.49; 120.83 Sup: 119.63; 119.51; 119.43; 119.25 AUDUSD Aussie is in the second day of strong recovery that commenced from 0.78 zone higher ****, where daily Kijun-sen line contained pullback from fresh recovery peak at 0.8073. Strong acceleration higher that so far retraced over 61.8% of 0.8073/0.7780 pullback, turned near-term focus towards the upper barriers. The notion is supported by near-term studies gaining traction and firm bullish tone on daily studies, where bullish setup of SMA’s and expanding Bollingers, support fresh action. Today’s low is reinforced by daily Tenkan-sen line at 0.7917, ahead of psychological 0.79 support, also daily 10SMA, that should ideally keep the downside protected. Fresh gains approach psychological 0.8000 barrier , with daily close above, to expose key 0.8073 barrier. Res: 0.8000; 0.8025; 0.8073; 0.8100 Sup: 0.7955; 0.7917 0.7900[IMG]resource://skype_ff_extension-at-jetpack/skype_ff_extension/data/call_skype_logo.png[/IMG]0.7917 0.7900; 0.7862 GOLD Two-day recovery rally that hit psychological 1200 barrier, confirms false break lower, on a spike to 1170 and quick recovery, bringing the price back to the middle of short-term range. Near-term studies regained positive tone and along with daily 20SMA being dented, shifting near-term focus higher. Sustained break here and daily close above 1200 barrier, is needed to spark further acceleration and re-focus the upper boundary of the range. Neutral daily studies and contracted 20d Bollingers, however, confirm directionless short-term trade. CallRes: 1200; 1204; 1210; 1215 Sup: 1192; 1186; 1180; 1175 Send SMS Add to Skype You'll need Skype CreditFree via Skype |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The pair left hourly higher **** at 1.1200, reinforced by daily 100SMA, on yesterday’s strong bullish acceleration that peaked ticks below pivotal barrier at 1.1390, 07 May peak. Rally left long green daily candle, with strong bulls, re-established on near-term studies, looking for final break above 1.1390 hurdle, to complete near-term 1.1390/1.1130 correction and resume larger uptrend. Break above 1.1390 to open 1.1450, mid-Feb lower platform, with extension to 1.15+ zone, expected in near-term. Overall bullish picture supports further advance. Near-term consolidation boundaries mark initial sup/res at 1.1340 and 1.1381, with former tops at 1.1287/77, also near Fibonacci 61.8% of 1.1200/1.1381 upleg, expected to ideally contain extended dips. Res: 1.1381; 1.1390; 1.1450; 1.1500 [COLOR=**********]Sup:[/COLOR] 1.1340; 1.1312; 1.1277; 1.1243 GBPUSD The pair maintains strong bullish tone that keeps driving the price higher. Yesterday’s repeated positive close and rally that met initial target at 1.5748, Fibonacci 161.8% projection of the upleg from 1.5086, suggests further upside. Yesterday’s low was reinforced by daily 200SMA that marks strong support at 1.5631. Immediate targets lay at 1.5783/1.5823, lower tops of 16 Dec / 27 Now 2014. Strong bullish tone of larger timeframes favors further retracement of larger 1.7189/1.4563 downtrend. Overbought daily conditions signal corrective action in the near-term, however, no reversal signal being generated so far. Res: 1.5767; 1.5783; 1.5823; 1.5850 Sup: 1.5700; 1.5663; 1.5631; 1.5600 USDJPY The pair came under pressure yesterday and closed the day in long red candle, shifting near-term focus towards lower boundaries of short-term range. Near-term technicals weakened on yesterday’s dip to 119.00, also former low of 07 May and the last obstacle en-route towards key 118.50 support and range floor. Overall neutral tone, however, requires clear break here to signal an end of short-term sideways-trading phase and establish fresh direction. On the upside, daily Ichimoku cloud **** offers initial resistance at 119.43, also near Fibonacci 38.2% of 120.26/119.02 descend, penetration of which would ease immediate downside pressure and confirm further range-trading, but only regain of 120 handle, also yesterday’s high, is required to revive near-term bulls. Res: 119.32; 119.43; 119.79; 120.00 Sup: 119.02; 118.80; 118.50; 118.00 AUDUSD Yesterday’s fresh acceleration higher that eventually broke above previous high at 0.8073, left long green daily candle, signaling strong bullish tone and resumption of larger uptrend, after completion of daily bullish pennant. Today’s fresh rallies are looking for immediate targets at 0.8185, Fibonacci 138.2% projection of rally from 0.7780 and psychological 0.82 barrier, with key med-term barrier laying at 0.8293, Jan’s lower top and annual high, also Fibonacci 38.2% retracement of 0.9503/0.7531 descend. Former peak at 0.8073, marks initial support, along with 0.8055, Fibonacci 38.2% of 0.7885/0.8161 rally, where shallow dips should be ideally contained, to avert stronger correction, expected on violation of psychological 0.8000 support. Res: 0.8161; 0.8185; 0.8200; 0.8250 Sup: 0.8096; 0.8073; 0.8055; 0.8000 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Asian trading saw probe below psychological 1.10 support, as the pair’s near-term price action remains biased down. Friday closed in red, just above 1.10 handle that was seen as brief consolidation, before fresh push lower. Fresh weakness penetrated daily cloud top at 1.0979, suggesting further weakness, as daily indicators continue to point lower. Also, long red weekly candle, after five-week recovery from 1.0519. 12 Apr higher low, suggests that short-term correction may be over. The pair focuses daily 55SMA at 1.0917 and 1.0880, Fibonacci 61.8% of 1.0519/1.1465 rally, close below which to confirm an end of corrective phase. Near-term studies are bearish, with hourly / 4-hour RSI at the border of oversold territory, suggesting prolonged consolidation, before fresh leg lower commences. Daily Kijun-sen line at 1.1062, marks initial resistance, ahead of daily 100SMA at 1.1133, expected to cap corrective rallies. Res: 1.1009; 1.1062; 1.1100; 1.1133 [COLOR=**********]Sup:[/COLOR] 1.0962; 1.0917; 1.0880; 1.0858 GBPUSD Overnight’s trading is shaped in tight Doji, with pivotal support at 1.5445, 19 May low, where Friday’s fall was contained by daily 20SMA, holding for now. Friday’s close in long red candle and below 200SMA, as well as weekly close in red, suggests that further easing cannot be ruled out, as daily indicators are in descending mode. Break below 1.5445 pivot and near-term ****, is required to confirm daily failure swing formation and open way for fresh retracement of the upleg from 1.5086 to 1.5813. Near-term consolidation is so far capped by 4-hour Ichimoku cloud ****, seeing limited upside attempts, as near-term studies are negative. Extended corrective rallies should be ideally capped under 1.56 barrier, while only break above pivotal 1.57 lower platform, would neutralize downside threats. Res: 1.5490; 1.5549; 1.5600; 1.5641 Sup: 1.5445; 1.5400; 1.5364; 1.5258 USDJPY Near-term price action consolidates below fresh high at 121.76, posted overnight, maintaining positive tone, confirmed by last Friday’s and weekly close in long green candles. The pair is looking for final retest of key 122.01 barrier, peak of 10 Mar, to complete 122.01/118.31 corrective phase and signal resumption of larger uptrend. Bullish setup of daily studies supports the notion, however, overbought near-term technicals suggest hesitation on approach to 122.01 break point. Friday’s low at 120.62, marks key support and should contain extended dips. Res: 124.76; 122.01; 122.30; 122.81 Sup: 121.46; 121.00; 120.83; 120.62 AUDUSD The pair maintains bearish near-term tone, as reversal from recovery peak at 0.8161, extended in Asian session and tested psychological 0.78 support. Daily and weekly close in long red candles, confirms near-term weakness, also suggesting an end of recovery action from 0.7531, low of 02 Apr. Immediate focus is at 0.7780 support, trough of 05 May, also daily 55SMA and Fibonacci 61.8% of 0.7531/0.8161 rally, close below which to confirm bearish resumption. Daily 100SMA offers initial resistance at 0.7837, with daily 20SMA at 0.7935, marking a breakpoint. Res: 0.7835; 0.7865; 0.7900; 0.7930 Sup: 0.7802; 0.7780; 0.7736; 0.7680 |
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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Euro skyrocketed yesterday on fresh hopes for solution of Greek’s debt problem, rallying from day’s low at 1.0914 to 1.1188 peak, ticks away from the next pivot at 1.1206, lower top of 22 May. Yesterday’s rally marks the biggest daily gain in past three months and is reviving bulls on daily chart. The pair broke and close above daily 20SMA that contains today’s action and underpins for fresh gains. Near-term consolidation bottomed at 1.1132, with fresh attempts at yesterday’s peak, underway. Final break through 1.1206 pivot, also near Fibonacci 61.8% of 1.1465/1.0818 descend, to confirm reversal and re-focus key short-term barrier at 1.1465, peak of 15 May. Consolidation lows at 1.1132, mark initial support, reinforced by daily 20SMA, ahead of 1.1080, Fibonacci 38.2% of yesterday’s rally and 100SMA, loss of which to delay bulls. Res: 1.0955; 1.0986; 1.1004; 1.1065 Sup: 1.1132; 1.1080; 1.1020; 1.1004 http://mediaserver.fxstreet.com/Repo...0603062004.png GBPUSD The pair bounced yesterday, leaving hourly double-bottom at 1.5170 and closing the day in long green candle that sidelines immediate downside risk towards pivotal 1.5086 support, 05 May higher low of larger rally from 1.4563 to 1.5813. Bulls resume today, following narrow consolidation, contained at 1.5327, probing above 1.5365, yesterday’s high and Fibonacci 38.2% of 1.5688/1.5168 downleg, with immediate barrier laying at 1.5384, daily 100SMA. Daily indicators are turning higher, with Stochastic emerging from oversold territory and signaling further upside action. Daily Tenkan-sen comes next at 1.5428, ahead of former **** at 1.5444, reinforced by daily Kijun-sen line and 1.5485 pivot, daily 20SMA and Fibonacci 61.8% retracement of 1.5688/1.5168 descend. Session lows and consolidation floor at 1.5327, offers immediate support, with former pivot at 1.53 zone, also near Fibonacci 38.2% of yesterday’s rally, expected to contain extended dips. Res: 1.5384; 1.5444; 1.5485; 1.5565 Sup: 1.5327; 1.5300; 1.5250; 1.5216 http://mediaserver.fxstreet.com/Repo...0603061937.png USDJPY The pair pauses after hitting fresh high at 125.03, with subsequent pullback that formed bearish Outside Day yesterday, suggesting reversal. Dips were so far contained at 123.74, yesterday’s low, with near-term narrow consolidation under way, however, daily RSI and Stochastic are reversing from overbought zone, giving another reversal signal. With near-term studies turning bearish, fresh weakness is seen as favored near-term scenario. Violation of initial supports at 123.74, yesterday’s low and 123.60, hourly higher ****, to trigger fresh acceleration lower and expose psychological 123.00 support, also 4-hour Ichimoku cloud top, ahead of 122.68, Fibonacci 38.2% retracement of 118.87/125.03 rally. Consolidation top at 124.23, marks initial resistance, ahead of 124.81 lower top, regain of which to neutralize near-term bears. Res: 124.23; 124.54; 124.81; 125.03 Sup: 123.74; 123.60; 123.00; 122.68 http://mediaserver.fxstreet.com/Repo...0603061912.png AUDUSD Aussie remains supported in the near-term, as yesterday’s strong acceleration from 0.7600 low, left long green candle and regained levels above 0.78, double-Fibonacci barrier, 61.8% of 0.7930/0.7596 downleg and 38.2% retracement of 0.8161/0.7596 descend. Immediate downside risk has been neutralized for now, opening space for further retracement of descend from 0.8161, 14 May peak, as today’s fresh strength cracked daily 100SMA that reinforces 0.78 barrier. Next pivot lies at 0.7856, daily 20SMA, close above which to confirm near-term reversal. Today’s low at 0.7754, marks initial support, with deeper dips to be ideally contained above 0.7715, Fibonacci 38.2% of yesterday’s acceleration. Res: 0.7817; 0.7856; 0.7930; 0.7945 Sup: 0.7780; 0.7754; 0.7715; 0.7665 http://mediaserver.fxstreet.com/Repo...0603061848.png |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Euro ended Friday’s trading in long red candle, following sharp fall, triggered by better-than-expected US jobs data that further support the greenback and keep hopes of Fed’s rate hike. The pair dipped to 1.1047 low, where daily 10SMA contained losses, on acceleration from Friday’s intraday high at 1.1274 that retraced nearly 61.8% of 1.0818/1.1378 recovery marking temporary top at 1.1378. Negative sentiment, established after recovery rejection at 1.1378 and Friday’s acceleration lower, keeps the downside in focus. Loss of Friday’s low and psychological 1.10 support, would increase risk of revisiting key short-term support and breakpoint at 1.0818, low of 27 May, loss of which to confirm reversal from 1.1465 peak and lower top at 1.1378. Near-term price action consolidates above fresh low at 1.1047, with consolidation range top 1.1134, also Fibonacci 38.2% of Friday’s fall, reinforced by daily 20SMA that also marks the first pivot. Break here would delay near-term bears, for stronger correction, which should be ideally capped under 1.1180/1.1200, to keep intact Friday’s peaks and breakpoints at 1.1274/78. Res: 1.1134; 1.1180; 1.1221; 1.1278 Sup: 1.1082; 1.1047; 1.1000; 1.0916 GBPUSD The pair enters near-term consolidation, holding within narrow range of some 30-pips, after last Friday’s fall reached bottom at 1.5189 and kept intact key near-term support at 1.51368, low of 01 June, reinforced by daily 100SMA. Consolidation so far holds below psychological 1.53 barrier, reinforced by daily Tenkan-sen line, where consolidative phase should be ideally capped, as near-term studies remain bearish and daily technicals are turning in bearish mode. Loss of pivotal 1.5168 support, to trigger further extension of the downleg from 1.5813 top and look for 1.5088, higher low of 04 May and 1.5041, Fibonacci 61.8% retracement of 1.4563/1.5813 rally. Conversely, sustained break and close above 1.53 barrier, would delay near-term bears, for further correction of the downleg from 1.5439 to 1.5189. Res: 1.5368; 1.5393; 1.5439; 1.5489 Sup: 1.5340; 1.5320; 1.5300; 1.5249 USDJPY The pair extended larger uptrend on last Friday’s acceleration that posted fresh high at 125.84, levels last traded in May 2002. General tone remains firmly bullish and keeps the upside focused, despite overextended conditions of larger picture’s studies. Near-term price action holds in consolidative mode, following position adjustments under fresh high. Former top at 125.03, marks initial support and pivot point, where consolidation should be ideally contained. Otherwise, expect stronger pullback to precede fresh action higher. Key near-term support lies at 123.76 higher **** and only break here would sideline near-term bulls. Key near-term target remains at psychological 130 barrier. Res: 125.66; 125.84; 126.00; 126.50 Sup: 125.27; 125.03; 124.55; 124.21 AUDUSD Aussie has eventually fully reversed near-term 0.7596/0.7817correction leg, following last Friday’s post, data acceleration that bottomed at 0.7596. Narrow near-term consolidation is expected to precede fresh leg lower that looks for full retracement of larger 0.7531/0.8161 rally. Near-term studies hold bearish tone, with bearish setup of daily indicators, supporting the notion. Descending daily 10SMA at 0.7681, is expected to cap, guarding pivotal barrier at 0.7724, last Friday’s high. Res: 0.7641; 0.7681; 0.7705; 0.7724 Sup: 0.7596; 0.7551; 0.7531; 0.7500 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Euro extends recovery from Friday’s post-data low at 1.1047, reversing completely Friday’s fall and establishing above 1.13 barrier that was broken on overnight’s fresh acceleration higher. Positive near-term sentiment has been re-established on yesterday’s rally that left long green daily candle and continues to drive the pair higher, with daily studies returning into full bullish mode. Lower top of 04 June at 1.1378, is the next pivot, above which to open way towards key 1.1465 barrier, peak of 15 May. Last Friday’s high at 1.1278, offers initial support and has contained overnight’s consolidation. Only weakness and close below 1.1178, former low of 05 June, would sideline near-term bulls. Res: 1.1330; 1.1378; 1.1443; 1.1465 Sup: 1.1271; 1.1222; 1.1178; 1.1155 http://mediaserver.fxstreet.com/Repo...0609061633.png GBPUSD The pair broke and close above daily 10SMA at 1.5317, entering into the upper side of near-term congestion, entrenched between daily 100 and 20SMA’s. Full reversal of last Friday’s fall, confirms higher low at 1.5189, vs 1.5168, low of 01 June and shifts focus higher, as near-term studies are gaining traction. However, clear break above 1.5439/50 barriers, congestion top / daily 20SMA, is required to confirm daily double-bottom pattern formation and signal further recovery towards next pivot at 1.5510, 200SMA. Caution is required, as daily studies are weak and upside rejection under 20SMA would signal extended consolidation, with fresh downside risk on return below daily 10SMA. Res: 1.5368; 1.5393; 1.5439; 1.5490 Sup: 1.5330; 1.5300; 1.5282; 1.5251 http://mediaserver.fxstreet.com/Repo...0609061609.png USDJPY Near-term price action extends pullback from fresh 13-year high at 125.84, with yesterday’s bearish Inside Day, confirming negative tone. Near-term studies weakened on yesterday’s pullback that was so far contained by ascending daily 10SMA, However, near-term focus remains shifted lower. The price attacks 4-hour Ichimoku cloud top at 124.30, with further easing and loss of psychological 124 handle, to expose pivotal supports and higher **** at 123.60 zone, below which to confirm reversal. The notion is supported by daily RSI / Stochastic, reversing from overbought territory. Otherwise, expect extended consolidation while 123.60 support holds. Res: 124.72; 125.00; 125.36; 125.58 Sup: 124.00; 123.76; 123.60; 123.18 http://mediaserver.fxstreet.com/Repo...0609061545.png AUDUSD Yesterday’s bounce from 0.7596 low, after the pair fully retraced 0.7596/0.7817 upleg, sidelined immediate downside risk that was threatening for final push towards key 0.7531 support. Instead, near-term focus has shifted higher, as the rally nearly fully retraced last Friday’s fall, on extension to 0.7720 so far. Hourly studies regained bullish tone, however, 4-hour technicals are weak and unless the pair breaks above 0.7724, last Friday’s high, the downside would remain vulnerable, as daily studies are negative. Key near-term barriers lay at 0.7805/17, daily 20SMA / 03 June recovery peak. . Res: 0.7724; 0.7750; 0.7805; 0.7817 Sup: 0.7676; 0.7652; 0.7630; 0.7596 http://mediaserver.fxstreet.com/Repo...0609061522.png |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Near-term direction is turning downside, after Euro’s last Friday’s hesitation, shaped in long-legged Doji, started week in soft tone, opening with gap lower. The price holds around 1.12 handle that was cracked overnight, with upside attempts being capped at 1.1230 by ascending daily 10SMA, keeping for now Friday’s closing level at 1.1260, intact. Near-term studies are in neutral mode, with focus at immediate targets at 1.1168/49, Fibonacci 38.2% of 1.0818/1.1384 upleg / last Friday’s low / daily Kijun-sen line, loss of which to weaken near-term structure and expose pivotal 1.1047 higher low, posted on 05 June. However, repeated bullish weekly close and positively aligned daily/weekly studies, keep scenario of higher low formation and fresh push higher, in play. Filling overnight’s gap is seen as initial step, with break above 1.13 barrier, near last Friday’s high, required to confirm reversal. Res: 1.1230; 1.1260; 1.1294; 1.1349 Sup: 1.1191; 1.1168; 1.1149; 1.1127 GBPUSD Positive last Friday’s close that also occurred above 200SMA, keeps the upside focused, as last Friday’s rally also cracked Fibonacci 61.8% barrier of 1.5813/1.5168 downleg, at 1.5166. The notion is supported by long green weekly candle, on acceleration from 1.5168, correction low of 01 June, where higher low was formed. Bullish tone prevails on all timeframes and favors further upside, with focus on immediate barriers at 1.5596, session high, then 1.5661, Fibonacci 76.4% and 21/22 May lower tops at 1.5688/98. Daily 200SMA, also Kijun-sen, offer initial support, ahead of last Friday’s low at 1.5464 and Fibonacci 38.2% of 1.5219/1.5596 rally at 1.5452, where corrective dips are expected to find ground. Alternatively, break here and below 1.5418, 11 June low, would weaken near-term tone and shift focus lower. Res: 1.5568; 1.5596; 1.5661; 1.5698 Sup: 1.5527; 1.5491; 1.5464; 1.5452 USDJPY Near-term price action remains directionless, after bounce from near-term **** at 122.44 was capped at 124 zone and price action entrenched within narrow range. Last Friday’s Doji confirms hesitation, along with neutral near-term technicals. Immediate downside threats were neutralized after fresh rally covered overnight’s gap lower, however, range-trading remains intact in the near-term. However, downside remains at risk, as corrective pullback from fresh high at 125.84, hasn’t finished yet and risk of lower top formation and fresh leg lower, exists. To neutralize such scenario, break above daily 10SMA and last Thursday’s recovery top at 123.98/124.11, is seen as minimum requirement, with further rallies and break above lower top at 124.61. also Fibonacci 61.8% of 125.84/122.44, to confirm reversal and shift focus higher. Res: 123.80; 124.11; 124.61; 125.04 Sup: 123.10; 122.44; 122.35; 122.01 AUDUSD The pair continues to trade in near-term sideways mode, with focus shifting lower, following last Friday’s bearish close and probe below near-term range floor. With descending daily 20SMA continuing to cap, more downside pressure could be expected, as daily 10SMA, currently at 0.7708, was cracked. Weak daily studies keep the upside limited for now, with contracting 20d Bollingers, suggesting further range trading, as past two-week price action remains within 0.7596/0.7817 range. Res: 0.7721; 0.7752; 0.7791; 0.7802 Sup: 0.7700; 0.7676; 0.7634; 0.7596 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Increased fears of Grexit scenario, as expected, put strong pressure on Euro that opened with strong gap-lower against its major rivals. The single currency opened with 158-pips deep gap near psychological 1.10 support, with fresh weakness being contained at next strong support – daily Ichimoku cloud ****. Subsequent recovery on profit-taking, accelerated at the beginning of European session and surged through initial daily 100SMA barrier at 1.1038, to find solid resistance at 1.1126, daily Kijun-sen line, former support that contained past week’s downside attacks. This barrier, together with daily Ichimoku cloud top at 1.1147, should be ideally capping recovery actions, to maintain freshly established strong near-term bearish structure intact, as near-term focus shifts lower, after today’s gap lower open and looks towards strong support at 1.0818, higher low of 27 May. Also, the structure softened after last week’s close in red that came after three consecutive weeks of euro’s rallies. On the other side, further rallies and potential violation of daily cloud top, would delay immediate bears. Res: 1.1126; 1.1147; 1.1193; 1.1233 Sup: 1.1057; 1.1038; 1.1000; 1.0963 GBPUSD Cable covered overnight’s gap, on recovery action that emerged after failure to break below Fibonacci 38.2% retracement of 1.5168/1.5928 rally at 1.5638, as post-opening dips found footstep at 1.5660, near-former low of 24 June. Recovery action was so far capped at 1.5742, keeping intact the first pivot at 1.5765, daily 10SMA that guards 1.5800/13, next pivotal barriers. Weak near-term studies keep the downside vulnerable and while daily 10SMA stays intact, expect support for near-term shorts. However, overall structure remains bullish and sees current pullback as corrective action, before fresh attempts higher. Fibonacci 38.2% support acts as ideal reversal point, to prevent further easing towards next pivotal support at 1.5595, ascending daily 20SMA, loss of which would soften daily bulls and risk further easing. Res: 1.5742; 1.5765; 1.5813; 1.5842 Sup: 1.5683; 1.5660; 1.5638; 1.5595 USDJPY Near-term price action is congested between 122.08, overnight low and 123.18, Asian recovery high, following on 120-pips strong gap –lower opening, seen on fresh strengthening of Japanese yen, traditional safe-haven instrument. Former strong barrier and upside breakpoint at 122, stayed intact, after break below former **** at 122.44, spiked lower to 122.08, session low. Recovery action is so far seen limited, with daily Tenkan-sen / 4-hour Tenkan-sen and 10 SMA, offering good resistance at 123.26/38 zone, guarding pivotal daily 20SMA that reverses lower and currently lies at 123.67. Only sustained break here that will also confirm filling overnight’s gap, would neutralize downside threats and shift focus towards 124.42, short-term congestion top, in alternative scenario. For now, downside is seen as favored target, as fresh weakness already cracked 124.44 higher ****, with extension below 122 pivot, required to confirm bearish resumption of pullback from 125.84. Res: 123.06; 123.26; 123.38; 123.98 Sup: 122.74; 122.30; 122.08; 121.53 AUDUSD The pair covered small overnight’s gap and recovered from dangerous zone, after cracking strong support and short-term range floor at 0.76 zone. Dips posted Asian session’s low at 0.7584, before bouncing. However, this could be seen as delay of fresh push lower that needs firm break below 0.76 ****, to open way for eventual return to key short-term support at 0.7531, low of 02 Apr, for full reversal of 0.7531/0.8161 bull-phase. So far, short-term range trading remains in play, as long as 0.76 **** holds. On the upside, recovery attempts were capped under psychological 0.77 barrier, leaving intact bearish 10/20daily SMA’s cross that reinforces downside pressure, as pair’s overall structure remains bearish. Res: 0.7667; 0.7692; 0.7725; 0.7750 Sup: 0.7633; 0.7600; 0.7584; 0.7531 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro extends near-term recovery off Friday’s fresh low at 1.0915, taking a breather of larger downmove from 1.1434, 18 June top. Rally accelerated above daily 10SMA and Ichimoku cloud top at 1.11 and Fibonacci 38.2% of 1.1434/1.0915 downleg at 1.1113, after triggering series of stops, with positive news coming from China and hopes for solution of Greek problem, giving boost to the single currency’s near-term action. However, daily structure remains weak and sees risk of recovery stall and fresh leg lower. Extension above the first pivot at 1.1187, daily 20SMA, is required to sideline existing downside risk and signal reversal. Key near-term barrier lies at 1.1276, lower top of 29 June. On the downside, 1.11 marks initial support, ahead of 1.1040 zone, Fibonacci 38.2% of recovery rally from 1.0915 / hourly higher low and 1.1026, daily 100SMA, loss of which will be bearish. Res: 1.1028; 1.1057; 1.1077; 1.1096 Sup: 1.1100; 1.1061; 1.1043; 1.1026 GBPUSD Cable maintains bearish near-term tone, as the price eventually broke and closed below pivotal daily Ichimoku cloud top and 200SMA at 1.5440. Yesterday’s acceleration lower met initial target at 1.5348, Fibonacci 76.4% of 1.5168/1.5928 rally and posted fresh low at 1.5327. Near-term price action bounces in corrective move on oversold near-term studies, with limited upside action seen, as overall picture remains firmly bearish and looks for final stretch towards short-term target at 1.5168, low of 01 June, for completion of 1.5168/1.5928 upleg. Former breakpoint at 1.5440, now acts as initial resistance, ahead of yesterday’s high at 1.5465 and Tuesday’s intraday high at 1.5484, levels that mark the mid-point zone of 1.5626/1.5327 downleg and expected to ideally cap recovery attempts. Res: 1.5440; 1.5465; 1.5484; 1.5580 Sup: 1.5356; 1.5327; 1.5300; 1.5250 USDJPY The pair trades in near-term recovery rally from 120.39, fresh low, posted on yesterday’s strong acceleration lower. Yesterday’s move that left long red daily candle, gave strong bearish signal, after the fall took out all supports en-route, Fibonacci 61.8% at 121.53, daily 100SMA at 121 and Fibonacci 76.4% at 120.52. Psychological 120 support is now eyed, with full retracement of 118.87/125.84 rally, not ruled out. Near-term rally on short-covering action, is underpinned by relief rally of Chinese stocks, however, prevailing bearish tone on all timeframes, sees limited upside action. Daily Ichimoku cloud **** at 121.67, also near Fibonacci 61.8% of yesterday’s fall, marks pivotal resistance and is seen as ideal reversal point. Otherwise, expect extended recovery towards psychological 122 barrier and daily cloud top at 122.29, break of which to neutralize near-term bears. Res: 121.67; 122.00; 122.29; 122.55 Sup: 121.04; 120.57; 120.39; 120.00 AUDUSD The pair trades in near-term recovery mode, after posting fresh 6-year low at 0.7370, on yesterday’s extension of larger downtrend. However, yesterday’s daily candle with long lower shadow, gave initial positive signal, as buying interest increases. Today’s fresh bullish acceleration was supported by positive news from Chine, but recovery rally, so far looks like correction on oversold conditions and is expected to precede fresh leg lower. Former breakpoint at 0.7531, low of 02 Apr and floor of short-term 0.7531/0.8161 consolidation, marks initial barrier and is expected to ideally cap, while break here is expected to extend correction and open next significant barrier at 0.7600, floor of former near-term 0.7600/0.7847 consolidation and near 50% of 0.7847/0.7370 downleg Res: 0.7500; 0.7531; 0.7600; 0.7665 Sup: 0.7448; 0.7400; 0.7370; 0.7350 |
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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro bounced strongly yesterday, leaving long bullish daily candle that came after previous day’s long-legged Doji and signals stronger correction. Bullish acceleration reached 1.0967 high, also Fibonacci 38.2% retracement of 1.1215/1.0807 downleg, where rally was capped by descending daily 10SMA. Improved near-term technicals favor further recovery, however, overall bearish structure remains intact. Further upside to face strong obstacles at 1.0992, daily Ichimoku cloud **** and 1.1033, falling daily 20SMA. Only break and close above the latter would neutralize scenario of lower top formation and fresh leg lower. Asian trading was entrenched within narrow range, with range bottom at 1.0923, marking initial support, ahead of previous barrier at 1.0900, also near 38.2% of recovery rally from 1.0807. Break here to signal an end of recovery phase. Res: 1.0967; 1.0992; 1.1033; 1.1059 Sup: 1.0923; 1.0900; 1.0868; 1.0845 GBPUSD Cable accelerated higher and probes above 1.56 barrier, after four-day descend from 1.5673 peak, was contained by daily 100SMA and rising 4-hour Ichimoku cloud top at 1.5527. Yesterday’s Doji candle signaled hesitation at strong support area, with current rally so far seen as corrective action, while pivotal resistance zone at 1.5673/1.5698, 15 July high / Fibonacci 61.8% of 1.5928/1.5527 downleg, stays intact. Daily studies hold in neutral mode and require break of either side of near-term congestion, to define fresh direction. Res: 1.5622; 1.5673; 1.5698; 1.5729 Sup: 1.5589; 1.5548; 1.5527; 1.5500 USDJPY The pair resumes pullback off 123.46, yesterday’s high that took out initial supports at 123.90/70. Yesterday’s Bearish Engulfing candle suggests stronger pullback, with today’s fresh extension lower, bringing in focus next supports at 123.25, daily Ichimoku cloud top and 122.90, 14 July higher low and Fibonacci 38.2% of 120.39/124.46 rally. These supports mark pivotal points and break here would trigger stronger corrective action. Near-term technicals are entering bearish mode, while overall picture remains bullish and favors fresh attempts higher on completion of current correction. Ideally, pullbacks should find support above 122.90 handle, not to further delay larger bulls on extended corrective phase. Res: 123.75; 123.97; 124.46; 124.72 Sup: 123.46; 123.25; 122.90; 122.68 AUDUSD Aussie sidelined immediate downside risk after yesterday’s rally that came after Monday’s long-legged Doji, left long bullish daily candle. Hourly studies improved on a rally through daily 10 SMA / Tenkan-sen line, former initial barriers, however, gains stay short of pivotal 0.7495 barrier, former consolidation top, reinforced by falling daily 20SMA, break of which is needed to signal stronger recovery. Otherwise, extended consolidative phase and fresh attempts lower remain as favored scenario, as overall structure remains bearish. Res: 0.7447; 0.7495; 0.7524; 0.7584 Sup: 0.7371; 0.7324; 0.7300; 0.7250 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Yesterday’s strong rally that left long bullish daily candle, cracked daily Kijun-sen line at 1.1108 and peaked at 1.1128, where daily 55SMA capped rally. This now marks pivotal barrier, with sustained break higher to open key 1.1215 hurdle, daily cloud top / 10 July high. Corrective pullback on overbought near-term conditions is under way, with strong 1.10 support zone, Fibonacci 38.2% retracement of 1.0807/1.1128 recovery leg / daily 20SMA and near daily cloud ****, expected to contain and keep near-term bulls in play. On the other side, daily structure is still negative and increased risk of lower top formation and fresh acceleration lower, could be expected on sustained break below 1.10 handle. Res: 1.1098; 1.1128; 1.1195; 1.1215 Sup: 1.1050; 1.1000; 1.0967; 1.0924 GBPUSD Cable holds positive hourly structure, on today’s return above daily 20SMA, where yesterday’s trading closed, after peaking at 1.5593. However, daily studies are weak and while pivotal daily cloud top at 1.5598 holds, downside risk is expected to remain in play. Session low at 1.5551, reinforced by daily 20SMA and near Fibonacci 38.2% of 1.5464/1.5593 upleg, is giving way and sustained break here would weaken near-term structure and expose pivotal 1.55 zone support and risk return to key 1.5464, 24 July higher low. Conversely, clear break above daily cloud top, re-focus key near-term barrier and lower platform at 1.5670 zone. Res: 1.5578; 1.5598; 1.5628; 1.5670 Sup: 1.5540; 1.5500; 1.5464; 1.5404 USDJPY The pair bounces from daily 20SMA / daily cloud top supports at 123.20/02, which were cracked on yesterday’s weakness to 122.98. Subsequent bounce keeps the latter as still valid supports, as daily structure remains positive and sees the area as ideal reversal point. The notion is supported by reversing daily 20SMA. However, weak near-term technicals, keep the downside vulnerable, with violation of strong 123 support zone, expected to trigger fresh acceleration lower, as extension of pullback from 124.46, 21 July peak. Yesterday’s high at 123.82, reinforced by daily 10SMA, marks initial barrier, with sustained break here, to shift near-term focus higher and signal higher low formation. Res: 123.82; 124.17; 124.46; 124.72 Sup: 123.45; 123.20; 123.02; 122.90 AUDUSD Aussie consolidates recent losses, attempting to form near-term **** above fresh 6-year low at 0.7255. Yesterday’s Gravestone Doji candle confirms the notion. However, limited upside action is seen for now, as overall picture remains bearish and sees scope for final push towards 0.7204, Fibonacci 76.4% target, below which would expose psychological 0.7000 support. Falling daily 10SMA offers initial resistance at 0.7351, ahead of daily 20SMA at 0.7421, where extended rallies are expected to find strong resistance. Res: 0.7351; 0.7376; 0.7421; 0.7447 Sup: 0.7289; 0.7255; 0.7204; 0.7150 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro remains at the back foot, following last Friday’s sharp reversal from recovery rejection at 1.1121 and yesterday’s close in red and below daily 20SMA that offers initial resistance at 1.0974, reinforced by **** of thick 4-hour Ichimoku cloud. Psychological 1.10 barrier, also Fibonacci 38.2% of 1.1121/1.0931 pullback, comes next, with extended recovery attempts, expected to remain below daily cloud **** at 1.1062. Weak near-term technicals and overall bearish structure, keep the downside in focus. Lows of yesterday and Friday at 1.0931/20, mark immediate supports, ahead of pivotal 1.0891, low of 30 July, loss of which to expose higher **** and breakpoint at 1.08 zone. Res: 1.0974; 1.1000; 1.1025; 1.1062 Sup: 1.0931; 1.0920; 1.0891; 1.0868 GBPUSD Cable continues to trade in neutral near-term mode, with price action being for now supported by sideways-moving daily 20SMA that currently lies at 1.5556 and marks pivotal support. Upside attempts were so far limited, keeping rising daily cloud top at 1.5643 and cracked 1.5670 congestion tops zone, intact for now. Setup of daily indicators remains neutral, while daily MA’s are bullishly aligned, with upside-turning daily 20d Bollinger Bands, giving bullish signal. Initial range is defined by session low at 1.5569 and yesterday’s NY session high at 1.5622. Next barriers lay at 1.5643, yesterday’s high and 1.5670/88 breakpoint zone. Res: 1.5643; 1.5670; 1.5698; 1.5729 Sup: 1.5569; 1.5547; 1.5526; 1.5488 USDJPY The pair continues to consolidate at 124 zone, trading in narrow range and holding near-term studies in neutral mode. Overall picture, however, remains bullish and keeps focus at the upside. Renewed attack at last week’s high at 124.56 and sustained break higher, is required to confirm resumption of larger recovery rally from 120.39, 08 July low. Daily 10SMA offers initial support at 123.82, guarding more significant support zone at 123.49/40, daily Ichimoku cloud top / rising daily 20SMA and 123.00, higher low of the rally from 120.39, loss of which would weaken near-term tone. Res: 124.09; 124.36; 124.56; 124.72 Sup: 123.82; 123.49; 123.40; 123.00 AUDUSD Strong post-RBA acceleration probes above initial barriers at 0.7362/66, near-term consolidation top / falling daily 20SMA, leaving near-term **** at 0.7350 zone that was cracked on last Friday’s spike to 0.7333, fresh 6-year low. Near-term studies are gaining bullish tone, signaling further correction, with 0.74 barrier seen next, ahead of 0.7485/95 breakpoint, daily Kijun-sen line and mid-July lower platform. Extended rallies should be ideally capped here, as overall picture maintains firm bearish tone and is expected to resume towards initial target at 0.7204 and psychological 0.7000 support, on completion of near-term consolidative phase. Res: 0.7400; 0.7447; 0.7495; 0.7540 Sup: 0.7362; 0.7335; 0.7306; 0.7258 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro closed yesterday below former low of 30 July at 1.0891, leaving a long red candle that confirms further extension of the downleg from double upside rejection at 1.1121/28. Firm bearish tone on all timeframes, suggests final push towards short-term **** and breakpoint at 1.08 zone, former lows of 27 Mat at 1.0818 and 20 July low at 1.0807. Break here to open way towards key med-term support levels at 1.0519/1.0461, lows of 12 Apr/15 Mar, the bottom of larger downtrend from 1.3992, May 2014 peak. Today’s fresh weakness confirms bearish stance. However, near-term studies are approaching oversold zone that may result in hesitation on approach to strong 108 zone supports. Initial resistance lies at 1.09 area, ahead of 1.0931, former hourly minor ****, with extended rallies, expected to hold below pivotal barrier at 1.0986, yesterday’s high and near Fibonacci 61.8% retracement of 1.1121/1.0844 downleg. Res: 1.0900; 1.0931; 1.0986; 1.1011 Sup: 1.0844; 1.0818; 1.0807; 1.0698 GBPUSD Cable is losing traction in the near-term, as repeated upside rejections, where daily cloud top capped upside attempts and fresh weakness below of daily 20SMA, give initial negative signals. Repeated daily close in red, confirms the notion and moves the price into lower part of near-term 1.5464/1.5670 range. However, daily technicals hold neutral setup, together with contracting 20d Bollinger bands, suggesting prolonged sideways phase, with break of either boundary, required to establish fresh direction. Corrective rallies off fresh session low at 1.5524, should be ideally capped under yesterday’s high at 1.5632. Res: 1.5570; 1.5600; 1.5632; 1.5670 Sup: 1.5524; 1.5488; 1.5464; 1.5449 USDJPY The pair resumes the uptrend after brief consolidation at 124 zone and approaches pivotal resistance zone that lies between 124.36 and 124.72 highs at tops of short-term congestion. Overall bullish tone supports eventual break higher and resumption of larger uptrend from 120.69 low, with daily Tenkan-sen line containing dips at 123.77 and rising daily 20SMA underpinning the action at 123.70, guarding pivotal daily Ichimoku cloud top at 123.40. Near-term technicals are gaining bullish tone and favor further upside, however, extended consolidation ahead of final break higher, cannot be ruled out, as the pair approaches breakpoint zone and 4-hour studies are losing initial bullish momentum. Res: 124.56; 124.72; 125.00; 125.50 Sup: 123.70; 123.40; 123.00; 122.48 AUDUSD The pair corrects yesterday’s strong rally that peaked at 0.7426 and closed above daily 20SMA, leaving long bullish daily candle. Near-term technicals are gaining positive tone, but limited upside action is seen, while pivotal 0.7485/95 zone, daily Kijun-sen line / former lower platform stays intact. Pullback from fresh high at 0.7426, should be contained above 0.7324, Fibonacci 61.8% of 0.7261/0.7426 rally, to keep fresh near-term bulls in play. Overall picture, however, remains bearish and sees resumption of larger downtrend, after completion of current consolidation. Res: 0.7400; 0.7426; 0.7447; 0.7495 Sup: 0.7324; 0.7306; 0.7258; 0.7233 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro ended Friday’s trading positively and closed above daily 20SMA, following choppy trading after release of solid US jobs data. Friday’s upside attempts were capped by daily Tenkan-sen line and 50% retracement of 1.1112/1.0844 downleg at 1.0978, just ahead of pivotal resistance zone that lies between 1.0985 and 1.1010, former tops / Fibonacci 61.8% retracement / daily Kijun-sen line. Positively aligned near-term studies suggest further upside, with sustained break above 1.1010 barrier, needed to confirm. On the other side, daily structure remains negative overall, with repeated weekly long-legged Doji candle, seeing prolonged consolidation as likely scenario. On the larger picture, initial range lies between 1.0844 and 1.1125, with break of either side, required to establish short-term direction. Daily 20SMA offers initial support at 1.0945 and contains for now, with close below here, to soften near-term tone. Res: 1.0978; 1.1010; 1.1065; 1.1100 GBPUSD Cable maintains negative near-term tone, after Friday’s repeated close in red and fresh weakness that touched strong support at 1.5420, daily Ichimoku cloud ****. Subsequent bounce and overnight’s narrow-range consolidation are likely to delay fresh bears, as rising daily cloud ****, continues to support. However, daily indicators are breaking below their midlines, with setup of daily MA’s turning into bearish mode and weekly Bearish Engulfing candle, keeping the downside pressured. Daily cloud **** marks the first breakpoint, ahead of 200SMA that lies at 1.5381 and break lower to confirm lower platform at 1.5670 zone. Overnight’s price action was shaped in tight Doji, holding below psychological 1.55 level that marks initial resistance, ahead of Friday’s high at 1.5542 and daily Tenkan-sen at 1.5555, break of which to ease immediate downside pressure. Res: 1.5495; 1.5542; 1.5555; 1.5579 Sup: 1.5477; 1.5443; 1.5420; 1.5363 USDJPY The pair extended pullback off 125 tops that proved to be strong near-term resistance, with Friday’s repeated close in red, confirming scenario. Dips found temporary support at 124.09, Friday’s / overnight’s lows / just above rising daily 20SMA that underpins the action, where hourly **** is forming. Bounce so far tested Fibonacci 38.2% of pullback from 125.03 peak, with positively aligned 4-hour studies and bullish daily technicals, being supportive for further upside that is needed to signal an end of corrective phase. Extension above 124.55/68, former low of 06 Aug / Fibonacci 61.8%, is needed to confirm and re-focus 125 barrier. Otherwise, upside failure, would keep the downside at risk and look for retest of strong 124 support zone, loss of which to signal extended corrective phase off 125 tops. Res: 124.55; 124.68; 125.00; 125.55 Sup: 124.26; 124.09; 123.50; 123.00 AUDUSD Near-term price action consolidates under 0.74 barrier that was cracked on Friday’s rally to 0.7416. Bullish daily close that occurred above daily 20 SMA, maintains positive near-term tone and gives initial signals of stronger correction. North-heading daily indicators and break above daily 20SMA, support the notion, however, sustained break above 0.74 barrier, is seen as initial step, with extension above next pivot at 0.7495, former lower platform, required to confirm scenario. Otherwise, expect prolonged consolidation, while recent tops at 0.7426, 04 Aug and 0.7416, 07 Aug, remain intact. Alternative scenario sees risk of 4-hour double top formation, on fresh acceleration lower and violation of pivotal 0.7332/13 supports, lows of 07/06 Aug. Res: 0.7416; 0.7426; 0.7447; 0.7495 Sup: 0.7384; 0.7332; 0.7313; 0.7258 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Near-term structure remains positive, as the Euro closed Monday’s trading in another long bullish candle and above psychological 1.10 barrier. Bulls peaked at 1.1040, after cracking daily 100SMA at 1.1030 and being rejected just under 1.1047, Fibonacci 38.2% of 1.1434/1.0807 descend. Today’s pullback under 1.10 handle, is so far seen as corrective and looks to find footstep above daily 20SMA at 1.0946, to keep near-term bulls in play. Renewed attempts higher, need to clear 1.1047 barrier, to signal fresh weakness and expose breakpoint at 1.1128, 27 July lower top. Otherwise, downside risk would remain in play, as underlying trend remains bearish, with return below daily 20SMA, to soften near-term tone. Res: 1.1011; 1.1030; 1.1040; 1.1065 GBPUSD Cable returned above the mid-point of near-term range, after brief violation of range’s floor on Friday’s dip to 1.5420. Yesterday’s quick recovery that left long bullish daily candle, improved near-term technicals and neutralized downside risk, seen on test of daily cloud’s **** on Friday. Fresh upside attempts look for extension above daily cloud top, currently at 1.5606, to re-expose key 1.5670 resistance zone and lower platform, break of which is needed to signal resumption of recovery phase from 1.5327, low of 08 July. Return and yesterday’s close above daily 20SMA, currently at 1.5571, gives positive signal, however, neutral mode of daily studies and contracting 20d Bollinger bands, suggest further sideways trading in the near-term. Res: 1.5603; 1.5639; 1.5650; 1.5688 Sup: 1.5556; 1.5534; 1.5492; 1.5465 USDJPY The pair regains bullish tone on near-term studies, after corrective pullback from upside rejection at 125 barrier, found support at 124.09, where dips were contained by ascending daily 20SMA. Yesterday’s long bullish daily candle and today’s fresh acceleration higher, look for break through 125 hurdle, to open way for final push towards key 125.84 barrier, 05 June peak. The notion is supported by strong bullish tone on daily studies, with daily 20SMA, underpinning the action. Initial support lies at 124.50, session low, ahead of pivotal 124.09, hourly ****, reinforced by daily 20SMA. Res: 125.05; 125.55; 125.84; 126.50 Sup: 124.50; 124.09; 123.50; 123.00 AUDUSD Aussie fell sharply on action from China’s Central bank, leaving recovery tops above 0.74 barrier. Fresh weakness comes after Yesterday’s Doji that signaled hesitation above 0.74 and dipped so far near 0.73 support. Near-term studies are turning into negative mode, along with overall bearish structure, see increased downside risk. Firm break below 0.73 handle, to confirm double-top on 4-hour chart and return focus towards fresh 6-year lows at 0.7250/33. Broken daily 20SMA, offers immediate resistance at 0.7346, guarding recovery tops at 0.7426/35. Below 0.73 handle, initial support lies at 0.7260, ahead of spike low of 31 July at 0.7233 and short-term target at 0.7204, Fibonacci 76.4% of multi-year 0.6007/1.1079 rally. Res: 0.7346; 0.7400; 0.7426; 0.7435 Sup: 0.7303; 0.7260; 0.7233; 0.7204 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro continues to trend higher, with yesterday’s fifth consecutive daily bullish close, confirming near-term uptrend from 1.0844, 05 Aug low. Yesterday’s rallies were capped at by daily 55SMA at 1.1086, which was cracked on today’s fresh acceleration higher. Immediate focus comes at 1.11, round-figure barrier, break of which to open pivotal 1.1128, high of 27 July and lower top of descend from 1.1434, also near 50% of 1.1434/1.0844 descend. Today’s price action was contained by daily 100SMA at 1.1032 that marks initial support, ahead of psychological 1.10 handle, also near Fibonacci 38.2% of entire upleg from 1.0844, where corrective actions should be ideally contained. Upside-reversing daily 10 and 20SMA’s, continue to underpin bulls, currently at 1.0966/56. Near-term studies remain firmly bullish, with daily indicators attempting to break above the midlines and daily MA’s turning into bullish setup, supporting further upside and final rally above 1.1128 breakpoint. Res: 1.1100; 1.1128; 1.1195; 1.1215 Sup: 1.1032; 1.1000; 1.0956; 1.0939 GBPUSD Cable is back to neutral mode and holds near the mid-point of short-term range, after yesterday’s attempts above daily cloud top failed at 1.5614 and subsequent easing, marked daily close in red. Repeated rejection at daily cloud top, gives negative signal, however, near-term price action is recovering ground, following overnight’s dip to 1.5531, session low. Neutral tone prevails on all timeframes and requires trigger for fresh direction. Break of either boundary of narrowing daily cloud, to signal further action. Bullish alignment of daily MA’s, with formation of 100/200SMA’s golden cross, favors upside attempts for now. Lift above 1.5614 to expose upper 20d Bollinger band at 1.5647, ahead of key 1.5670 zone barrier. On the downside, session low at 1.5531, marks initial support, guarding pivotal cloud **** at 1.5507. Res: 1.5614; 1.5647; 1.5670; 1.5688 Sup: 1.5549; 1.5531; 1.5507; 1.5465 USDJPY The pair pulls back from today’s fresh high at 125.26, following yesterday’s break and close above 125 barrier. Profit-taking inspired pullback, probes below initial support at124.81, Fibonacci 38.2% of 124.09/125.26 upleg, signaling stronger correction. Next significant support lies at 124.50 zone, Fibonacci 61.8% retracement / daily 10SMA, where extended dips should ideally find footstep, to keep intact breakpoints of rising daily 20SMA support, currently at 124.16 and higher low of 07/10 Aug at 124.09. Overall picture remains bullish and is expected to resume towards target at 125.84, on completion of corrective phase. Only sustained break below daily 20SMA would sideline near-term bulls. Res: 125.00; 125.26; 125.55; 125.84 Sup: 124.50; 124.16; 124.09; 123.50 AUDUSD Aussie resumes the downmove off 0.7435, yesterday’s fresh recovery peak and slides below 0.73 handle, on another disappointing release of Chinese data, to post fresh 6-year-low at 0.7212, just ahead of 0.7204, Fibonacci 76.4% target. Yesterday’s close in long bearish candle signaled fresh bears, with end of 0.7333/0.7435 recovery phase, suggesting resumption of larger downtrend. Bears are back in play on lower timeframes, together with overall bearish tone, shifting focus towards psychological 0.7000 level. Corrective rallies face initial resistance at 0.7335, daily 20SMA, ahead of 0.7354, lower top of descend from 0.7435 and Fibonacci 61.8% retracement, where rallies should be ideally capped. Res: 0.7323; 0.7335; 0.7354; 0.7400 Sup: 0.7255; 0.7232; 0.7212; 0.7150 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Bullish day for the euro yesterday rising 115 pips during the session. It opened at daily low 1.1015 and closed near the high 1.1130. This rise reversed 60% of the losses we saw over the previous few days. In today’s early trading we saw it continue going up to a high 1.1150. On the H1 Chart we have the double bottom reversal pattern at 1.1015 and prices above 55 moving average, confirming the reversal of the previous downtrend Res: 1.1140, 1.1190, 1.1245 Sup: 1.1015, 1.0980, 1.0945 GBPUSD Sideways action for the sterling, there was two failed attempts to break the important 1.57 barrier yesterday, low was at 1.5630. Early trading today went for a third attempt for 1.57 resistance and looks to have failed again. Regarding UK figures today we have Retail sales m/m with the expectation of 0.4% higher than the previous reading of -0.2% Res: 1.5700, 1.5730, 1.5770 Sup: 1.5600, 1.5550, 1.5530 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/GBPUSDH1_20150820062502.png[/IMG] USDJPY After trading sideways for the past 5 days, USDJPY tried to break this pattern with an attempt of breaking 123.80 support, it made a low of 123.66 but looks like it failed since it spent less than an hour below the support. Since then it went back up 40 pips and is currently trading near the daily high of 124. 123.80 was also the low it reached on the 12th of August Res: 124.70, 125.25, 125.65 Sup: 123.80, 123.50, 123.00 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/USDJPYH1_20150820062526.png[/IMG] AUDUSD Again nothing to mention here, to understand what’s happening we have to have a look at the daily chart, which shows an overall downtrend that ended at a low of 0.7230 on the 31st of July. Since then it’s been sideways trading with another attempt at that support on the 12th of August. All the daily candles after that have had very tight ranges with no break of support or resistance levels Res: 0.7390, 0.7410, 0.7450 Sup: 0.7280, 0.7235, 0.7210 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/AUDUSDH1_20150820062538.png[/IMG] |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) ãÇ åæ ÑÃíßã Ýí ÔÑßÉ ÈáÓ 500 |
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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro extends recovery rally off daily Ichimoku cloud top, which marks initial support and yesterday’s low. Today’s fresh acceleration higher, tested daily 20SMA at 1.1225, so far. Bullish near-term structure sees scope for further upside, on extension above 20SMA, to expose next strong barrier at 1.1265, 200SMA. Sustained break here would sideline current scenario that favors selling rallies, for stronger correction towards 1.1331, lower top of 01 Sep and breakpoint. Otherwise, look for lower top formation, ideally under 200SMA, for fresh leg lower, to re-focus near-term targets at 1.1086, hourly **** and 1.1020/15, daily Ichimoku cloud **** / higher lows of 18/19 Aug. Res: 1.1230; 1.1265; 1.1278; 1.1300 Sup: 1.1150; 1.1120; 1.1086; 1.1015 GBPUSD Cable accelerates higher, extending the third wave of recovery from 1.5165, hourly ****. The wave C, which commenced from 1.5267, so far cracked its 100% Fibonacci expansion level at 1.5383 and could extend to 1.5428, 138.2% Fibonacci expansion. Also, break above 200SMA at 1.5356, supports scenario of extended correction, with near-term technicals, turning into bullish mode. The notion is supported by daily slow Stochastic that reversed from oversold zone and gives bullish signal. However, to confirm reversal and open way for further retracement of steep downmove from 1.5816 to 1.5163, break above 1.5490, 50% of the fall and daily 20SMA, is required. Res: 1.5386; 1.5412; 1.5427; 1.5454 Sup: 1.5325; 1.5300; 1.5265; 1.5245 USDJPY The pair is forming higher low at 118.57, 04 Sep low, following bounce that commenced yesterday and accelerated higher today. Fresh rally approaches psychological 120 barrier, reinforced by daily 10SMA, the first breakpoint, above which to open more significant 200SMA, which capped previous recovery attempt at 120.70. However, overall bearish structure sees limited upside action, ahead of fresh attempts lower, with rallies to be ideally capped under 200SMA. Only sustained break here, would sideline existing downside risk for stronger recovery action towards next breakpoint at 121.64, lower top of 31 Aug. Res: 120.10; 120.77; 121.46; 121.64 Sup: 119.55; 119.15; 118.84; 118.57 AUDUSD The pair extends above near-term consolidation range, formed above fresh 6 ½ low at 0.6906, signaling stronger action higher, after yesterday’s trading ended in tight Doji. Initial signal of recovery was given by hourly studies turning bullish, along with oversold daily technicals and RSI / slow Stochastic, reversing higher. Generating reversal signal, would spark stronger correction and sideline immediate downside risk, as overall picture remains firmly bearish. Look for extension above initial 0.7000 barrier, to open daily 10SMA at 0.7043, for confirmation of corrective phase. However, upside attempts should stay capped under falling daily 20SMA, currently at 0.7176 and only break here to open way for stronger correction. Res: 0.7000; 0.7043; 0.7100; 0.7176 Sup: 0.6946; 0.6917; 0.6906; 0.6870 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Near-term action returns into daily Ichimoku cloud, **** of which acted as strong resistance in past few days. Fresh attempts above bear-trendline, connecting 1.1712 and 1.1458 tops and daily Kijun-sen line at 1.1272, give positive signal and turn focus towards the upper boundary of near-term congestion at 1.131, also 61.8% of 1.1458/1.1103 and daily cloud top at 1.1356. The latter marks pivotal barrier and sustained break here is required to end near-term range phase and signal bullish resumption. On the other side, daily 20SMA, offers support at 1.1244 and repeated close below here, would signal false breaks higher and confirm extended range-trading. Pivotal support lies at 1.1147, 200SMA / bull-trendline off 1.1103 low. Res: 1.1308; 1.1317; 1.1356; 1.1400 Sup: 1.1260; 1.1244; 1.1232; 1.1210 GBPUSD Cable is attempting through strong barrier at 1.5315, Fibonacci 38.2% of 1.5656/1.5105 fall, reinforced by daily 20, 30 and 200SMA. Yesterday’s close that occurred above broken bull-trendline, connecting 4.4563 and 1.5163 lows, at 1.5300, gives positive signal for firm break above pivotal 1.5315 barrier. Daily close above here to confirm break and open immediate barrier at 1.5380, daily Kijun-sen line and 50% retracement. Further acceleration would expose 1.5446, Fibonacci 61.8% of 1.5656/1.5105. Session low and consolidation floor at 1.5295, offers initial support, ahead of 1.5260, Fibonacci 38.2% of 1.5135/1.5337 rally and pivotal 1.5240 support, tops of former 1.5105/1.5240 consolidation. Res: 1.5337; 1.5381; 1.5446; 1.5500 Sup: 1.5295; 1.5260; 1.5240; 1.5213 USDJPY Near-term focus shifts towards triangle’s lower boundary, after unsuccessful attempts to sustain attempts above triangle resistance, which were capped by daily cloud ****, pivotal resistance. Technicals of lower timeframes are losing traction and could trigger further weakness, as daily studies remain bearish. Daily close below 119.60, triangle support line, is required to confirm scenario and expose 119 zone, floor of near-term congestion. Res: 120.13; 120.55; 120.70; 120.86 Sup: 119.60; 119.47; 119.05; 118.67 AUDUSD The pair corrects strong rally of past few days that peaked at 0.7233 yesterday, capped by the upper 20d Bollinger band and Fibonacci 61.8% of 0.7435/0.6906. The pullback is seen preceding final attack at 0.7278 peak and key resistance and should be ideally contained at 0.7145 Fibonacci 38.2% of 0.7000/0.7233 upleg. Otherwise, deeper correction could be expected towards pivotal 0.7090 support, daily 20SMA / Fibonacci 61.8% retracement. Only break here would neutralize near-term bulls. Res: 0.7214; 0.7233; 0.7278; 0.7310 Sup: 0.7163; 0.7145; 0.7109; 0.7090 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD Near-term structure remains bullish, as renewed strength attempts again at 1.14 barrier, after pullback from yesterday’s peak at 1.1395, found footstep at 1.1342, broken bull-channel resistance. Completion of consolidation phase, confirmed by yesterday’s Doji, to open fresh acceleration towards next targets at 1.1458/65, peaks of 18 Sep / 15 May and 1.1473, Fibonacci 61.8% of 1.1725/1.1086 descend. Daily close above the latter, would trigger fresh acceleration higher. Yesterday’s low at 1.1342, offers good support, ahead of 1.1309, Fibonacci 38.2% of 1.1170/1.1395 rally, loss of which would revive near-term bears. Res: 1.1396; 1.1458; 1.1473; 1.1500 Sup: 1.1375; 1.1360; 1.1342; 1.1307 GBPUSD Cable is regaining traction and probes above three-day congestion top at 1.5380, after consolidative phase was contained at very strong 1.53 support zone, reinforced by daily 20SMA, with 200SMA, laying ticks above. Sustained break above 1.5380, which also marks the mid-point of 1.5656/1.5105 descend, is needed to resume recovery rally from 1.5105, interrupted by 1.5300/1.5380 consolidation. Next targets lay at 1.5427, daily 55SMA, ahead of 1.5446, Fibonacci 61.8% retracement. Prolonged consolidation should hold above 1.53 handle, otherwise, sustained break here would signal lower platform formation and possible end of recovery phase. Res: 1.5386; 1.5427; 1.5446; 1.5500 Sup: 1.5318; 1.5300; 1.5260; 1.5240 USDJPY Near-term price action attacks the lower boundary of the triangle, after yesterday’s action was limited by daily 20SMA, keeping intact triangle’s top at 120.27 and more significant thin 127.37/70 daily Ichimoku cloud. Alignment of daily technicals is negative and will favor fresh downside attempts, while daily cloud caps. Sustained break below triangle support, currently at 120.68, will put pressure on short-term congestion floor at 119 zone and signal fresh direction, on violation of the latter. Conversely, upside resumption requires break above daily cloud and 200SMA, currently at 120.87. Res: 120.08; 120.27; 120.37; 120.70 Sup: 119.68; 119.23; 119.05; 118.67 AUDUSD Aussie enters near-term corrective phase, after strong and uninterrupted rally from 0.6935 double-bottom, peaked at 0.7380, being limited by falling daily 100SMA. Corrective easing that returned into daily cloud and cracked psychological 0.7300 handle, so far holds above initial support at 0.7278, former peaks / Fibonacci 23.6% of 0.6935/0.7380 rally. Extended dips, which are signaled by overbought daily slow Stochastic, turning lower, should be ideally contained above 0.7210, Fibonacci 38.2% of 0.6935/0.7380, to keep overall bulls intact. Res: 0.7362; 0.7380; 0.7409; 0.7435 Sup: 0.7291; 0.7273; 0.7210; 0.7180 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The pair closed in red yesterday, with psychological 1.13 support, reinforced by daily Kijun-sen line, containing dips for now. Near-term technicals are bearishly aligned and see risk of slide below 1.13 handle, for test of strong support zone that lies just below. Daily 20SMA offers initial support at 1.1280, followed by thin 1.1260/73 daily Ichimoku cloud and 1.1253, Fibonacci 61.8% of 1.1103/1.1494 rally. However, setup of daily MA’s and indicators, remains bullish and signals possible reversal above strong support zone. Oversold daily slow Stochastic, support the notion. Break below 1.1250 is needed to confirm bearish resumption, while bullish scenario requires lift above initial barrier at 1.1378, Fibonacci 38.2% of 1.1494/1.1304 / hourly lower ****, as bullish signal. Return above 1.14 handle, is needed to confirm near-term bulls fully in play. Res: 1.1378; 1.1395; 1.1422; 1.1450 Sup: 1.1300; 1.1270; 1.1253; 1.1230 GBPUSD Cable remains in narrow near-term consolidation, entrenched within daily Ichimoku cloud, with fresh attempts above cloud top, underway. Near-term structure remains bullish and sees final push through 1.55 barrier and resumption of recovery rally, as favored scenario. Bullish daily studies, with fresh attempts through 100SMA, which capped upside attempts in past few sessions and expanding 20d Bollinger bands, support scenario. Daily slow Stochastic, which moves sideways in the overbought territory, warns of possible extended consolidation. Daily cloud **** at 1.5404, marks pivotal support and break lower would activate alternative scenario of stronger correction of 1.5198/1.5506 upleg. Res: 1.5506; 1.5526; 1.5561; 1.5597 Sup: 1.5453; 1.5425; 1.5404; 1.5352 USDJPY The pair extends near-term recovery from fresh low at 118.05 and probes above 119.65, last Friday’s recovery top / daily Kijun-sen line, after yesterday’s narrow consolidation. Near-term bulls are gaining traction and threaten to break above the first pivot at 119.85, daily 20SMA, which is expected to cap recovery rallies. Break higher would sideline downside attempts, in favor of stronger recovery above 12 barrier, which would bring in focus breakpoint zone, shaped in thin daily Ichimoku cloud and laying at 120.32/70 span. Otherwise, daily close below 20SMA, would signal an end of corrective phase and shift near-term focus lower again. Res: 119.85; 120.00; 120.32; 120.70 Sup: 119.40; 119.12; 118.90; 118.70 AUDUSD Aussie probes above descending daily cloud top again, following yesterday’s unsuccessful attempts above 0.73 barrier that left red daily candle with long upper shadow and weakened near-term structure. Near-term studies hold neutral tone, as the price is entrenched within 0.7240/0.7305 range, in directionless mode. Daily picture show the price action holding in triangular consolidation, following 0.7380/0.7196 corrective pullback. Setup of daily technicals remains bullish and favors fresh upside attempts, with 0.7305, marking initial barrier, followed by falling 100SMA at 0.7341 and 15 Oct lower top at 0.7361, to expose key 0.7380 peak. On the downside, yesterday’s low at 0.7235, offers immediate support, guarding 0.7196 breakpoint, 14 Oct pullback’s low. Res: 0.7305; 0.7341; 0.7361; 0.7380 Sup: 0.7273; 0.7235; 0.7196; 0.7157 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro is back above 1.10 handle, where it closed on Friday, after recovery rally was capped by bear-trendline that connects 1.1712 and 1.1458 peaks at 1.1070 and daily candle with long upper shadow, signaled strong selling interest. Further recovery cannot be ruled out, as daily slow Stochastic is heading north, after reversing from oversold zone, with potential probes above trendline resistance, now at 1.1055, expected to find strong barriers at 1.1082, falling daily 10SMA that formed Golden Cross and 200SMA 1.1107, which is expected to cap extended rallies. Downside remains at risk, as bearish signal was given by strong bearish monthly close, with prolonged consolidation, signaled by weekly long-legged Doji and failure to close below monthly wedge support line, expected to precede fresh leg lower. Res: 1.1048; 1.1082; 1.1107; 1.1138 Sup: 1.1011; 1.0964; 1.0895; 1.0862 GBPUSD Cable remains well supported and looks for retest of strong 1.5506 barrier, lower platform, where several upside attempts were rejected, following last Friday’s strong rally that left the longest daily bullish candle after 14 Oct rally. Bullish weekly and monthly close, support further upside, with another bullish signal, given by monthly Bullish Engulfing pattern. Fresh strength probes above thin daily Ichimoku cloud, which doesn’t act as strong barrier. Daily studies are positive, with daily MA’s, turning into firm bullish setup, after Friday’s strong rally, supporting final attack at1.5506 breakpoint. Corrective dips could be anticipated before final break above 1.5506 platform, as near-term studies are entering overbought territory Res: 1.5506; 1.5566; 1.5605; 1.5656 Sup: 1.5435; 1.5380; 1.5365; 1.5326 USDJPY The pair continues to trade within 120.00/121.46, near-term congestion, following repeated rejection at strong 121.46 barrier. Return below daily cloud top at 120.73, which now acts as initial barrier and so far caps today’s action, weakens again near-term structure. Extended consolidation is seen as favored near-term scenario, before the pair establishes in fresh direction, as the price remains in short-term directionless mode, holding within two-month range between 121.64 and 118.05. Res: 120.70; 121.02; 121.46; 121.64 Sup: 120.16; 120.00; 119.60; 119.35 AUDUSD The pair extends near-term recovery attempt off 0.7064, correction low, following Friday’s strong bullish close and today’s fresh rally that penetrated daily Ichimoku cloud **** at 0.7120. Near-term technicals are gaining traction and see potential for further recovery. Bullish monthly close could be seen as initial signal. However, rallies need to break above daily Ichimoku cloud top at 0.7180, reinforced by daily Tenkan-sen line and Fibonacci 38.2% of 0.7380/0.7064 downleg, to sideline downside risk and signal stronger correction. Daily slow Stochastic is reversing from oversold zone and support scenario. Lift above initial pivot at 0.7180, to expose next significant barriers at 0.7222, daily 20SMA and 0.7260, Fibonacci 61.8% retracement, break of which to confirm reversal. Res: 0.7180; 0.7122; 0.7260; 0.7296 Sup: 0.7120; 0.7082; 0.7064; 0.7000 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro bounced after posting fresh low at 1.0615 yesterday, on profit-taking action that peaked at 1.0717. Falling daily 10SMA, reinforced by falling daily Tenkan-sen, which maintains downmove for the past month, capped so far the rally at 1.0717. This barrier should ideally keep the upside protected, however, extension higher cannot be ruled out, as hourly studies turned positive. Overall picture remains firmly bearish and favors fresh action lower, on completion of current consolidation. Next significant barriers lay at 1.0760, hourly double top and 4-hour Ichimoku cloud **** and 1.0800/28, Fibonacci 38.2% of 1.1094/1.0615 / 12 Nov low and mark the upside breakpoint Res: 1.0717; 1.0760; 1.0800; 1.0828 Sup: 1.0666; 1.0629; 1.0615; 1.0600 GBPUSD Cable probes above four-day 1.5262/1.5153 congestion, following two-day rally from 1.5153, 17 Nov range low, where higher low is forming, after false break below strong weekly Ichimoku cloud support at 1.5191. Cracking descending daily 20SMA / Kijun-sen line at 1.5267, could be seen as initial bullish signal, though, gains so far stay below psychological 1.5300 barrier. The notion is supported by near-term studies, which gained bullish tone. On the other side, daily technicals remain bearishly aligned, with the pair facing strong resistance zone above 1.53 barrier, which consist of sideways-moving daily 30SMA and 200SMA at 1.5306 and 1.5339, respectively. Sustained break here is needed to confirm bearish resumption and neutralize existing risk of recovery stall. Res: 1.5291; 1.5306; 1.5340; 1.5370 Sup: 1.5248; 1.5226; 1.5206; 1.5185 USDJPY The pair pulls back in corrective action, after marginally higher high was posted at 123.74. Probe below initial support and former consolidation floor at 123.17, Fibonacci 38.2% of 122.20/123.74, generated initial signal of deeper pullback, which so far hit support at 123.08, rising daily 10SMA. Strong support lies at 123 zone, defined by 10SMA and 4-hour Ichimoku cloud top and should ideally contain dips, to prevent deeper pullback. However, near-term studies are weakening and cannot rule out further correction. Extended corrective action, also signaled by daily RSI / slow Stochastic, reversing from overbought territory, should not exceed key near-term support at 122.20, 16 Nov higher low. Res: 123.36; 123.74; 124.14; 124.50 Sup: 123.08; 122.90; 122.79; 122.56 AUDUSD The pair rallies above near-term 0.7156/0.7067 consolidation, after strong barriers of falling daily 20SMA and trendline resistance at 0.7125, were taken out. Today’s fresh strength, follows yesterday’s indecision, shaped in Doji with long tail, commences the third wave of recovery from 0.7014, low of 10 Nov. Daily close above 0.7156, former range top and Fibonacci 38.2% of 0.7380/0.7014 downleg, is seen as minimum requirement to confirm bullish resumption. The notion is supported by probe above the top of thin daily cloud top, which twists higher. Next important barriers lay at 0.7210/22, Fibonacci 100% expansion / 04 Nov lower top. Daily indicators are heading north and gaining bullish momentum for fresh upside extension. Broken daily 20SMA / bear-trendline, now offer strong support, guarding 0.7067 higher low and downside breakpoint. Res: 0.7177; 0.7197; 0.7210; 0.7222 Sup: 0.7151; 0.7125; 0.7067; 0.7048 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/audusd_20151119110926.png[/IMG] |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro cracked psychological 1.06 support, on extension of last Friday’s bearish acceleration that left bearish outside day. Strong bearish stance is also confirmed by negative weekly close. Firm break below 1.06 handle, is expected to trigger stops and accelerate towards next target at 1.0519, 10 Apr low with key med-term support at 1.0461, Mar 2015 year-to date low, seen in extension. Limited corrections are expected, with falling daily 10SMA / Tenkan-sen, which maintains month-long descend, offering strong resistance at 1.07 zone, where upticks should be ideally capped. Only sustained break above 1.0760, last Friday / 16 Nov peaks, would ease strong bearish pressure and allow for extended recovery. Res: 1.0661; 1.0706; 1.0727; 1.0760 Sup: 1.0599; 1.0560; 1.0519; 1.0461 GBPUSD Cable reversed quickly and left long daily bearish candle on Friday, following last Thursday’s upside rejection at strong 1.5340 zone, daily Ichimoku cloud **** / 200SMA. Friday’s action was capped by south-turning daily 30SMA, where tower top was left at 1.5308. Bearish acceleration closed below daily 10SMA at 1.5206 and so far touched 1.5138, below Fibonacci 61.8% of 1.5025/1.5334 upleg. Near-term studies turned bearish on current weakness, while daily bears are re-confirmed on return to firm bearish setup of daily MA’s. The pair is looking for next support at 1.5100, Fibonacci 76.4% level / hourly higher ****, the last obstacle on the way to 1.5025, 06 Nov low and psychological 1.5000 support. Oversold 4-hour slow Stochastic may trigger extended consolidation, with broken daily 10SMA, currently at 1.5205, expected to ideally cap. Only break above falling daily 20SMA at 1.5246, would sideline near-term bears. Res: 1.5175; 1.5205; 1.5246; 1.5260 Sup: 1.5138; 1.5100; 1.5025; 1.5000 USDJPY The pair is gaining traction on bounce from 122.60/70 zone, last Thu/Fri lows and establishes above 123 handle. Fresh rally commenced after bears showed hesitation at 122.60 low, which stayed intact and Doji candle was left on Friday. Weekly close was also bullish, despite strong selling pressure earlier. Higher low is now forming at 122.60, for renewed attacks at key 123.74 barrier, peak of 18 Nov, which guards our short-term target at 124.14. Broken daily 10SMA offers initial support at 123, ahead of 122.60 higher **** and pivotal 122.20 higher low, reinforced by rising daily 20SMA. Res: 123.31; 123.47; 123.74; 124.14 Sup: 123.00; 122.61; 122.20; 121.47 AUDUSD Aussie pulls back below thin daily cloud **** at 0.7170, after strong two-day bullish acceleration peaked at 0.7248. Recovery failed to close above 0.7240, Fibonacci 61.8% of 0.7380/0.7014 descend, missing another bullish signal, in favor of corrective pullback. The pair found footstep at 0.7157, double-Fibonacci support, also former consolidation tops, which should act as ideal support and limit near-term bears off 0.7248. Slow Stochastic of 4-hour chart is entering oversold territory and could be seen as initial reversal signal. However, regain of minimum 0.72 level, which lies near Fibonacci 38.2% of 0.7248/0.7157, is needed to confirm scenario. Caution on overbought conditions of daily slow Stochastic and MACD / Momentum studies hovering around the midlines. Return below 0.7157 will trigger fresh bears and signal extension of reversal from 0.7248. Res: 0.7200; 0.7240; 0.7265; 0.7300 Sup: 0.7157; 0.7136; 0.7100; 0.7067 |
Windsor Brokers - Short Term Technical Analysis for Majors (11:00 GMT) EURUSD The Euro probed above 1.06 barrier, on a bounce from yesterday’s marginally lower low at 1.0556. Current action is seen as consolidation and preceding fresh bears towards initial target at 1.0519 and key med-term support at 1.0461, low of 2015, posted in Mar, in extension. Bearish resumption, on violation of the latter, is seen as likely s/t scenario, as overall bears remain firmly in play. Near-term consolidation faces good resistance at 1.0628, falling daily 10SMA, which is expected to ideally cap, guarding descending daily 20SMA, currently at 1.0693, reinforcing 1.0688 pivot, spike high of 25 Nov. Res: 1.0617; 1.0628; 1.0690; 1.0737 Sup: 1.0576; 1.0556; 1.0519; 1.0500 GBPUSD Cable bounced strongly after cracking psychological 1.50 support yesterday and regained levels above 1.51 handle, on today’s fresh bullish acceleration. Near-term technicals regained traction on current rally, which so far holds under pivotal barrier at 1.5134, 25 Nov lower top / near Fibonacci 38.2% of 1.5334/1.4992 descend, reinforced by falling daily 10SMA. Sustained break here is required to give initial signal of stronger correction, as daily slow Stochastic reversed from oversold zone and heads north, showing more room for corrective action. However, strong resistance zone lies ahead, consisting of falling daily 20SMA at 1.5164 and weekly Ichimoku cloud **** at 1.5188, which lies just under Fibonacci 61.8% of 1.5334/1.4992 and is expected to limit extended rallies, ahead of renewed attack at 1.50 pivot. Near-term consolidative actions are seen ahead of renewed attempts higher, while return below 1.5048, session low, would signal an end of corrective phase. Res: 1.5124; 1.5134; 1.5164; 1.5188 Sup: 1.5075; 1.5028; 1.4992; 1.4950 USDJPY The pair regains 123 zone, after overnight’s sharp fall to 122.62, where footstep was found. Near-term technicals are in neutral mode, while daily bulls remain intact and keep focus at the upside. Brief break below rising daily 20SMA, which maintains ascend from 122.24 higher low, so far did not affect overall bullish structure. Repeated daily close above 20SMA, to keep intact near-term upleg from 122.24, for fresh attack at 123.32, yesterday’s high and extension towards key near-term barrier at 123.74, 18 Nov high. Conversely, fresh attempts lower and daily close below 20SMA, currently at 122.80, would sideline immediate upside attempts and signal extended consolidation. Session low at 122.62, offers initial support, guarding 122.24/20 breakpoint. Res: 123.32; 123.59; 123.74; 124.50 Sup: 122.80; 122.62; 122.20; 121.56 AUDUSD Aussie accelerated on RBA overnight, triggering fresh recovery extension, signaled by yesterday’s Bullish Engulfing pattern. Fresh strength emerged above daily Ichimoku cloud top at 0.7214, to peak ticks away from psychological 0.7300 barrier. Strong bullish setup of daily studies, favors further upside, after near-term consolidation phase, left higher **** at 0.7160 zone. Focus is shifting towards key 0.7380 barrier, peak of 12 Oct, regain of which is needed to confirm higher low at 0.7020 and signal resumption of recovery from 0.6906, low of 04 Sep. Hourly higher low at 0.7253, offers initial support, ahead of daily cloud top at 0.7214, which is expected to contain extended corrective dips. Res: 0.7300; 0.7361; 0.7380; 0.7435 Sup: 0.7253; 0.7220; 0.7214; 0.7168 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/audusd_20151201100551.png[/IMG] |
Windsor Brokers - Short Term Technical Analysis for Majors (11:00 GMT) EURUSD The Euro extends near-term recovery from 1.08 zone, where pullback from 1.0978 peak was contained and hourly higher low formed. The pair broke above hourly Ichimoku cloud top, which now offers initial support at 1.0872. Yesterday’s positive close improves near-term structure, however, limited upside attempts are seen for now. Mixed setup of daily MA’s and indicators signals no clear direction, with extended range-trading between 1.08 and 1.10 pivots, seen as likely scenario ahead of key FOMC meeting on 16 Dec. Recovery rally’s high at 1.0978 is reinforced by daily 55SMA, guards psychological 1.10 barrier and 200SMA at 1.1028, which form strong resistance zone. On the downside, hourly cloud top offers initial support at 1.0872, guarding pivotal 1.08 zone, 07 Dec correction low / Fibonacci 38.2% of 1.0519/1.0978 rally. Break of either boundary of the range is needed to define fresh direction. Res: 1.0948; 1.0978; 1.1000; 1.1028 Sup: 1.0872; 1.0839; 1.0800; 1.0764 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20151209094654.png[/IMG] GBPUSD Cable returned back above psychological 1.50 handle, on corrective rally off yesterday’s fresh low at 1.4954. Three-day bearish acceleration that left lower top at 1.5155, retraced Fibonacci 76.4% of 1.4892/1.5157 rally, so far. Near-term studies remain negative and see limited correction, ahead of fresh push towards 1.4892 target, to mark full retracement of 1.4892/1.5157 upleg. Firm bearish structure favors further downside, as daily slow Stochastic, which reversed from overbought territory, shows more room at the downside. Corrective attempts face good resistance at 1.5060 zone, falling daily 10SMA / hourly Ichimoku cloud ****, where rallies should be ideally capped. Extended rallies would open next pivot at 1.5100, 4-hour Ichimoku cloud top, break of which will sideline bears. Res: 1.5060; 1.5080; 1.5100; 1.5123 Sup: 1.5000; 1.4954; 1.4892; 1.4860 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/gbpusd_20151209094633.png[/IMG] USDJPY The pair extends yesterday’s pullback, after repeated upside rejection at 123.40 zone and shifts near-term focus towards strong support and congestion floor at 122.25 zone. Initial negative signals were given by break below daily Tenkan-sen / 20SMA at 122.95, however, daily technicals remain bullishly aligned. Rising daily 30SMA, so far contains at 122.57 and while holding, will keep limited downside risk at 122.25 pivot. Otherwise, violation of 122.25 support, would signal triple-top formation and trigger stronger bearish acceleration. Alternatively, bounce and close above 123.00/15 resistance zone, is needed to sideline downside risk and reverse focus higher. Res: 122.95; 123.15; 123.37; 123.65 Sup: 122.57; 122.25; 122.00; 121.57 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdjpy_20151209094610.png[/IMG] AUDUSD Aussie extends strong reversal off 0.7380 pivotal resistance, after attempts to break the resistance failed and subsequent sharp fall commenced. Two long red daily candles confirm rising downside pressure, as fresh bears accelerated through 0.7200, 50% of 0.7014/0.7383 rally and next support at 0.7168, daily Ichimoku cloud top. Daily cloud is thin (0.7168/43) and is not expected to provide significant support. Surge through the cloud would open next support at 0.7100, round-figure / Fibonacci 76.4% retracement. Look for corrective rallies in the near-term, as daily slow Stochastic is entering oversold territory. Daily Tenkan-sen at 0.7275 is expected to ideally cap corrective rallies. Res: 0.7200; 0.7235; 0.7280; 0.7305 Sup: 0.7168; 0.7143; 0.7100; 0.7067 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro eased below 1.10 handle, where daily Ichimoku cloud **** lies, following the third consecutive failure at 200SMA at 1.1030. Near-term price action remains capped by descending daily cloud and currently holds within 1.0923/1.1030 congestion. Daily slow Stochastic is reversing from overbought territory and suggests further easing, however, bullishly aligned daily studies that still keep upside in focus, favor limited dips. Rising daily 10SMA, currently at 1.0868, is expected to contain extended downside attempts, to keep intact pivotal 1.0794 support, higher low of 07 Dec, loss of which would revive bears. Prolonged consolidation is seen as likely scenario, before renewed attack at daily cloud **** and 200SMA. Sustained break here and lift above 1.1100, daily Ichimoku cloud top, is required to confirm bullish resumption. Res: 1.1000; 1.1030; 1.1059; 1.1100 Sup: 1.0925; 1.0868; 1.0828; 1.0794 GBPUSD Cable dips below 1.52, on corrective pullback, triggered by Friday’s upside rejection at 1.5238, just under daily Ichimoku cloud **** at 1.5263. Further easing could be anticipated, as daily slow Stochastic is reversing from overbought territory. Pivotal supports lay at 1.5124/06, sideways-moving daily 20SMA / Fibonacci 38.2% of 1.4892/1.5237 upleg, with break here, expected to signal stronger correction. Otherwise, extended consolidation could be expected while 1.51 handle holds, ahead of renewed attempts higher. Penetration of daily cloud ****, is needed to expose pivotal barriers: 200SMA at 1.5318 and 19 Nov lower top / daily Ichimoku cloud top ant 1.5334/1.5340 zone, in extension. Res: 1.5200; 1.5238; 1.5263; 1.5318 Sup: 1.5142; 1.5124; 1.5106; 1.5065 USDJPY The pair bounces off last Friday’s low at 120.56, which was hit on quick acceleration after repeated failure to sustain gains above 200SMA. Rallies were capped by parallel-running daily Tenkan-sen / Kijun-sen lines, with subsequent easing, leaving red daily candle with long upper shadow and long bearish weekly candle. This gives fresh bearish signals of further extension lower, after reversal from 123.70 zone, broke below former consolidation top at 122.20, forming lower platform. Fresh bearish tone is developing on daily chart studies and favors further downside. Fresh weakness may be preceded by corrective rallies, off temporary support at 120.60 zone, offered by daily Ichimoku cloud ****. Friday’s peak, also being reinforced by falling daily 10SMA, is expected to limit rallies. Conversely, extended rally and close above daily 20SMA at 122.60, is needed to neutralize bears and shift near-term focus higher. Res: 121.34; 121.56; 122.20; 122.60 Sup: 120.60; 120.22; 120.00; 119.40 USDCAD Loonie remains under strong pressure, as crude oil continues to fall, with fresh 11-year low being posted at 1.3755, last Friday, on expectations of Fed’s rate hike. The pair hit high, ticks away from initial target at 1.3760, Fibonacci 161.8% expansion of extended wave C from 1.3036. Strong bullish setup of technicals on all timeframes, keeps upside in focus. Next targets lay at 1.3825 and 1.3930, Fibonacci 176.4% and 200% expansion, respectively. However, fresh rallies may be preceded by corrective action, as daily RSI and slow Stochastic are strongly overbought, but no bearish signal being generated so far. Look for rising daily SMA, currently at 1.3516, as ideal support to contain dips. Overall bulls would be dented in case of stronger pullback below 1.3420/00 support zone, rising daily 20SMA / Fibonacci 38.2% retracement of 1.2829/1.3755 rally. Res: 1.3760; 1.3825; 1.3930; 1.4000 Sup: 1.3699; 1.3617; 1.3583; 1.3530 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/usdcad_20151214102505.png[/IMG] |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro peaked at 1.0937 yesterday, on two-day rally from 1.08 ****, with recovery being so far capped by falling daily 55SMA, which guards more significant daily Ichimoku cloud **** at 1.0950. Near-term technicals are gaining traction and support fresh attempts higher. On the daily chart, indicators are in positive territory, with reversed slow Stochastic, heading north and showing more room upside. Penetration into daily cloud, is needed to signal bullish resumption towards psychological 1.10 barrier and 1.1058 pivot, lower top of 15 Dec. Low of narrow Asian range at 1.0900, marks initial support, with hourly Ichimoku cloud top, also Fibonacci 61.8% of 1.0801/1.0937 recovery at 1.0854, expected to ideally contain dips. Conversely, break below thin hourly cloud, would risk return to 1.08 ****. Res: 1.0921; 1.0937; 1.0950; 1.1009 Sup: 1.0900; 1.0885; 1.0854; 1.0841 GBPUSD Cable holds in extended, narrow-range consolidation, above fresh eight-month low at 1.4863, where weekly bear-channel support line contained strong fall from 1.5237, 11 Dec peak. Technicals remain negative and favor bearish resumption, but prolonged consolidation, with corrective upticks, is expected to precede, as daily slow Stochastic is oversold. Initial resistance lies at psychological 1.50 level, also Fibonacci 38.2% of 1.5237/1.4863 downleg, where corrective rallies should be ideally capped. Falling daily 20SMA, also mid-point of 1.5237/1.4863 descend, marks pivotal barrier and sustained break here would be a signal of stronger correction. Res: 1.4927; 1.4948; 1.5000; 1.5050 Sup: 1.4863; 1.4830; 1.4812; 1.4737 USDJPY The pair returns to directionless near-term mode, holding within narrow range today, after posting fresh low at 120.82, where daily Ichimoku cloud **** contained. Yesterday’s trading was shaped in long-legged Doji and entrenched within daily cloud (120.82/121/49), signaling indecision. Overall structure remains weak and sees risk of bearish resumption through daily cloud ****, towards pivotal support at 120.33, higher low of 14 Dec. On the upside, daily cloud top is reinforced by sideways-moving 200SMA and marks trigger for stronger recovery, on sustained break higher. Res: 121.29; 121.50; 122.18; 122.50 Sup: 121.03; 120.82; 120.56; 120.33 AUDUSD The pair establishes above 0.72 handle on today’s strong acceleration higher, which extends two-day recovery from 0.7095, 17 Dec low. Fresh rallies probe above daily 20 SMA, also 50% of 0.7383/0.7095 fall and focus next barrier at 0.7280 zone, lower tops of 15/16 Dec and just above Fibonacci 61.8% retracement. Daily technicals are gaining traction, with bullishly aligned near-term studies keep upside in focus. Close above 0.7280 is needed to confirm scenario. On the downside, session low at 0.7180, reinforced by daily 10SMA, offers solid support, above which corrective actions should be contained. Only loss of 0.7150, hourly higher **** and Fibonacci 61.8% of recovery from 0.7095, would neutralize near-term bulls. Res: 0.7280; 0.7300; 0.7332; 0.7383 Sup: 0.7198; 0.7180; 0.7150; 0.7130 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/audusd_20151222092112.png[/IMG] |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro consolidates within 1.0868/1.0982 range, holding in daily Ichimoku cloud, after recovery leg from 1.0801, low of 17 Dec, stalled under psychological 1.10 barrier. Bullish daily studies favor resumption of the upleg from 1.0801, for final attack at key 1.1058/55 barrier, former recovery top of 15 Dec, reinforced by daily Ichimoku cloud top and 100SMA. Break here is needed to signal resumption of larger recovery from 1.0519, low of 03 Dec and confirm trough at 1.0801. Near-term studies are bullishly aligned, with correction on overbought slow Stochastic, expected to precede fresh attacks at near-term range top. Daily Tenkan-sen offers initial support at 1.0929, near Fibonacci 38.2% of 1.0868/1.0977 upleg, which is expected to ideally contain dips. However, extension of corrective pullback should be contained above daily cloud **** at 1.0888, to keep near-term bulls in play. Otherwise, reversal under daily cloud and rising daily 20SMA, currently at 1.0875, will weaken the structure and expose range’s lower boundary for test. Res: 1.0982; 1.1009; 1.1042; 1.1058 Sup: 1.0929; 1.0909; 1.0888; 1.0875 GBPUSD Cable entered near-term consolidation under 1.4943 high, where recovery rally from fresh eight-month low at 1.4803, was capped by initial barrier, falling daily 10 SMA. Daily slow Stochastic is heading north, on reversal from oversold territory and sees room for further upside extension. However, firmly bearish daily studies, suggest limited upside action, before bears resume for clear break below cracked weekly channel support, currently at 1.4834, for final push towards key med-term support at 1.4563, annual low, posted on 14 Apr. Bullishly aligned near-term studies see potential for attempts above 10SMA barrier, towards next significant levels at 1.4969, Fibonacci 38.2% of 1.5237/1.4803 downleg, reinforced by 4-hour Ichimoku cloud **** and psychological 1.50 barrier, where extended rallies should be limited. Only close above falling daily 20SMA, currently at 1.5016, would sideline bears and signal stronger correction. Res: 1.4943; 1.4969; 1.5000; 1.5020 Sup: 1.4931, 1.4889; 1.4856; 1.4836 USDJPY The dollar bounces from fresh low at 120.05, posted today, on extension of steep fall from 123.53, 18 Dec peak. Last Friday’s fall left long bearish candle and closed below former low of 14 Dec at 120.33, signals fresh extension of bear-leg from 123.53. Psychological 120 support holds for now, with further recovery action signaled by oversold daily slow Stochastic. Initial barrier lies at 120.89, daily Ichimoku cloud **** and 23.6% of 123.53/120.05 downleg, followed by Fibonacci 38.2% retracement at 121.38 and 200SMA at 121.58, which is expected to cap extended rallies. On the downside, daily close below cracked Fibonacci 61.8% retracement of 118.05/123.74 rally at 120.22 and sustained break below 120.00 handle, is needed to confirm bearish resumption. Res: 120.89; 121.38; 121.58; 121.79 Sup: 120.33; 120.05; 119.60; 119.39 AUDUSD Recovery rally from 0.7095 low struggles at strong 0.7280 barrier, former tops of 15/16 Dec and Fibonacci 61.8% of 0.7383/0.7095 downleg. Near-term price action consolidates within narrow range, with bullish setup of daily studies being supportive, but overbought slow Stochastic, warning of possible recovery stall. Sideways-moving daily 20SMA offers initial support at 0.7241, followed 0.7207, 4-hour chart trough and Fibonacci 38.2% of 0.7095/0.7280 upleg, loss of which would be initial signal of stronger pullback. Downside breakpoint lies at 0.7160 zone, Fibonacci 61.8% retracement and thin daily Ichimoku cloud. Conversely, daily close above 0.7280 will give initial bullish signal of further retracement of 0.7383/0.7095 downleg. Res: 0.7280; 0.7315; 0.7332; 0.7383 Sup: 0.7253; 0.7241; 0.7207; 0.7166 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/audusd_20151228084924.png[/IMG] |
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ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) EURUSD The Euro was down 10.28% against the US dollar in 2015, ending year under psychological 1.10 barrier. Low of the year 2015 at 1.0461, posted in March, remained intact, despite repeated attempts lower, which were contained just above 1.05 handle. Weekly and monthly technicals remain bearish and favor further downside attempts, after completion of med-term consolidation, entrenched within 1.0461 and 1.1712 range, where the pair spent most of the time in 2015. On the other side, daily studies gained bullish tone, on bounce from December’s low at 1.0519 and point at the upside. Short-term price action is holding between 1.08 higher **** and 1.1058, 15 Dec high, where recovery rally was capped by sideways-moving 200SMA. These marks initial sup/res levels, with break of either side of the range, needed to define fresh direction. Near-term price action entered daily Ichimoku cloud, **** of which offers immediate support at 1.0830, guarding 1.08 pivot. Return below 1.08 higher ****, would turn focus towards key supports at 1.0519 and 1.0461, lows of 03 Dec and 13 Mar 2015. Otherwise, violation of strong resistances at 1.1030/60 zone, 200SMA / daily Ichimoku cloud top / 15 Dec recovery top, would open way for stronger recovery towards net barrier at 1.15 zone, lower top of mid-Oct and key barrier at 1.1712, high of 2015. Res: 1.0990; 1.1030; 1.1060; 1.1120 Sup: 1.0800; 1.0720; 1.0645; 1.0520 GBPUSD Cable is in strong downtrend since June 2015, following reversal of recovery rally from 1.4564, 2015 low, which stalled at 1.5928. Bearish acceleration broke below 1.4833, bear-channel support on the weekly chart and looks for full retracement of 1.4564/1.5928 rally. Studies on larger timeframes hold firm bearish setup and keep downside in focus, with consolidation ahead of key 1.4564 support, expected on overextended daily indicators. Falling daily 10SMA offers initial resistance at 1.4840, followed by 1.4900, Fibonacci 38.2% of 1.5237/1.4690 downleg and lower top of 24 Dec at 1.4943, where extended correction should be capped. Only sustained break above psychological 1.50 barrier, would signal stronger correction and neutralize immediate downside threats. Res: 1.4840; 1.4900; 1.5000; 1.5095 Sup: 1.4690; 1.4630; 1.4564; 1.4500 USDJPY The pair traded within 115.80/125.85 congestion during the year 2015, after initial Jan / May rally stalled at 125.85 and subsequent pullback retraced over 61.8% of entire rally from 115.80, 2015 low. Daily and weekly studies turned into bearish mode, on renewed weakness from 123.75, mid-Nov lower platform, heading towards initial support at 118.00, Feb/May **** and 15 Oct low. Violation of the latter will expose annual lows at 116/115.80 zone, which also mark the floor of year-long congestion and pivotal support zone, loss of which would signal stronger correction of broader ascend from 78.00 zone, lows of 2012. Significant bearish signal was generated on break below, 119.76, multi-year bull-trendline, drawn off 78.00. Psychological 120 level, offers initial resistance, ahead of lower top at 120.64, which guards daily Ichimoku cloud **** at 120.89 and is expected to ideally cap rallies. Double Death-Cross of 10/200 and 20/200SMA’s, confirms strong bearish pressure and marks the upper breakpoint at 121.60. Res: 120.00; 120.65; 120.89; 121.60 Sup: 118.69; 118.00; 116.86; 116.00 AUDUSD Aussie was down 11% from Jan 2015 high at 0.8180, to 0.6906, low of the year, posted in September. The pair trades in short-term consolidative phase above 0.6906 low, following sharp two-legged fall that commenced from 2014 high at 0.9443 and found temporary ground at 0.6906. Consolidation is expected to precede fresh leg lower, extension of multi-year downtrend from 1.1079, peak of 2011. Today’s fresh bearish acceleration, signals formation of lower top at 0.7325, 31 Dec high and shifts focus towards higher low of 17 Dec at 0.7095, loss of which to expose another pivot at 0.7014, higher low of 10 Nov. Thin daily Ichimoku cloud en-route, should not mark serious obstacle for freshly established near-term bears. On the daily chart, bullish alignment of technicals is losing traction, with violation of initial pivot at 0.7095, seen as trigger for further weakness, which would expose lower boundary of short-term congestion at 0.7014. Firmly bearish weekly and monthly studies support scenario of limited upside action, ahead of fresh leg lower. On the upside, top of recovery rally from 0.6906, at 0.7383, marks the upper breakpoint, above which, extended correction could be anticipated. Res: 0.7232; 0.7299; 0.7325; 0.7383 Sup: 0.7153; 0.7095; 0.7014; 0.6936 [IMG]http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/AUDUSDDaily_20160104135123.png[/IMG] |
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