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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 |
ÑÏ: Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT) ÔßÑÇÇÇÇÇÇÇÇÇÇÇÇÇÇÇÇÇÇÇÇÇ |
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