Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 34
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Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)
EUR/USD
Extended decline from 1.3743 09 Feb lower high, to post fresh low at 1.3427 yesterday, ahead of the latest recovery attempt. This is seen capped by 1.3550, 38.2% of 1.3743/1.3427 decline for now, with lift above 1.3550/76 required to signal further recovery and open 1.3584, 50%, and 1.3620/37, 61.8% / 10 Feb intraday high. Upside rejection under 1.36, however, signal lower top and fresh weakness for retest of 1.3427 and attempt at 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement of 1.2872/1.3860 upleg.
Res: 1.3550, 1.3557, 1.3570, 1.3620
Sup: 1.3460, 1.3427, 1.3395, 1.3366
GBP/USD
Reversal from 1.6277, 03 Feb high, has so far found good support at 1.60 zone, ahead of strong rally that cleared several resistances and retraced over 61.8% of 1.6277/1.5996 decline at 1.6169, just ahead of 1.6184, 07 Feb lower high. Break here is needed to open way for test of 1.6277/97, key near-term resistances, clearance of which will trigger fresh phase higher. Immediate support lies at 1.6114/05.
Res: 1.6169, 1.6184, 1.6228, 1.6277
Sup: 1.6114, 1.6105, 1.6090, 1.6076
USD/JPY
Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb to test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.
Res: 83.90, 84.19, 84.49, 85.00
Sup: 83.58, 83.18, 83.05, 82.80
USD/CHF
Extends near-term recovery from 0.9327, through 0.9685/ 0.9762 resistances, extending gains to 0.9773, just under key short-term resistance at 0.9784. Correction lower has so far found foothold at 0.9680, with fresh strength looking for retest of 0.9773/84, break of which is needed to confirm higher low at 0.9327 and open way for stronger recovery towards 0.9850/0.9910. At the downside, immediate support lies at 0.9680, ahead of 0.9603/0.9550, 38.2% / 50% retracement of 0.9327/0.9773 ascend.
Res: 0.9741, 0.9773, 0.9784, 0.9800
Sup: 0.9680, 0.9660, 0.9603, 0.9550
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Near-term price action has found temporary support at 1.3427, with fresh strength attempting through 1.3555/76 resistance zone. Break here is needed to confirm immediate recovery mode and look for upside extension towards 1.3625/35, then trendline resistance, currently at 1.37. Failure to clearly break above 1.3576 will signal a resumption of near-term downtrend from 1.3860 and loss of 1.3427 to turn focus to 1.3395, 20 Jan low / channel support and 1.3366, 50% retracement, break of which would accelerate losses and expose 1.3252/43, 61.8% / 17 Jan higher low.
Res: 1.3569, 1.3576, 1.3620, 1.3635
Sup: 1.3519, 1.3475, 1.3460, 1.3427
GBP/USD
Maintains near-term positive tone after reversal from 1.6277 high left a higher low at 1.5957 on 14 Feb. Fresh bulls emerging from the latter have so far retraced over 61.8% of 1.6277/1.5957 downleg, to attempt at 1.6184, en-route to key resistances at 1.6277/97. Break above here will signal fresh phase higher and extension of broader recovery from 1.4230, 16 May 2010 higher low. Higher platform at 1.6118 offers immediate support, while loss of 1.6070 would question near-term bulls.
Res: 1.6184, 1.6228, 1.6277, 1.6297
Sup: 1.6140, 1.6118, 1.6105, 1.6095
USD/JPY
Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb and test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.
Res: 83.90, 84.19, 84.49, 85.00
Sup: 83.60, 83.18, 83.05, 82.80
USD/CHF
Extended near-term recovery from 0.9327, 02 Feb low, to nearly fully retrace 0.9782/0.9327 decline, reaching 0.9773, ahead of pullback on overbought hourly conditions. This is seen corrective while 0.9600/0.9550 zone holds, with scope for retest of 0.9784. Break here is needed to signal fresh recovery and focus 0.9850/0.9925 next. Only loss of 0.9520/00 zone would sideline near-term bulls.
Res: 0.9673, 0.9727, 0.9741, 0.9773
Sup: 0.9603, 0.9550, 0.9520, 0.9500
Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Near-term bulls remain capped by 1.3570/76 zone for now, as renewed attempt higher stalls at 1.3569 today. Subsequent reversal has so far seen brief dip below 1.35, with sustained break lower to turn immediate tone negative and focus 1.3475/50, ahead of possible return to 1.3427, loss of which will resume the broader downtrend from 1.3860 and open 1.3395 next. Early downside rejection above 1.3475, however, would signal fresh strength, with clearance of 1.3576 needed to confirm.
Res: 1.3550, 1.3569, 1.3576, 1.3620
Sup: 1.3475, 1.3460, 1.3427, 1.3395
GBP/USD
Has extended recovery from 1.5957, 14 Feb low, to test 1.6184, 07 Feb previous high, ahead of sharp reversal. Near-term tone is now negative, looking for break below 1.6005, to focus 1.5957, break of which would confirm lower high at 1.6184 and open way towards 1.5821 and 1.5750, 31/25 Jan higher lows. At the upside, 1.6080/1.6118 cap for now.
Res: 1.6080, 1.6118, 1.6169, 1.6184
Sup: 1.5980, 1.5957, 1.5911, 1.5862
USD/JPY
Extends recovery from 81.10 low to break above 83.67, previous high of 07 Feb and test 83.90, 21 Dec 2010 high, ahead of possible extension to 84.19 and final attempt at 84.49, 15 Dec 2010 high and key short-term resistance. Break here is needed to trigger fresh leg higher on recovery attempt from 80.24, 01 Nov 2010 low. Higher platform at 83.18/07 underpins the advance.
Res: 83.90, 84.19, 84.49, 85.00
Sup: 83.60, 83.18, 83.05, 82.80
USD/CHF
Reversal off 0.9773, 11 Feb high, found support at 0.9615, just above 38.2% retracement of 0.9327/0.9773 ascend, ahead of strong rally. Market has so far regained 0.9337, en-route to 0.9773/84 resistance zone, break of which will trigger fresh recovery and focus 0.9850/0.9925 next. Downside, 0.9662 offers immediate support.
Res: 0.9737, 0.9743, 0.9773, 0.9784
Sup: 0.9714, 0.9684, 0.9660, 0.9642