|
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 |
| ÇáÓÇÚÉ ÇáÂä 08:54 PM |
Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO ÇáÏæáÇÑ ÇáÚÑÈì
@ ÌãíÚ ÇáÍÞæÞ ãÍÝæÙÉ áãäÊÏíÇÊ ÇáÏæáÇÑ ÇáÚÑÈì @ ÇáãÔÇÑßÇÊ ÊÚÈÑ Úä æÌåÉ äÙÑ ßÇÊÈåÇ¡.. æáÇ ÊÚÈÑ ÈÇáÖÑæÑÉ Úä æÌåÉ äÙÑ ÇáãäÊÏì @