Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 4
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Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)
EUR/USD
Maintains weak tone from 1.3691/1.3677 area, with 1.3520 low reached yesterday, ahead of a bounce to post a likely lower ceiling at 1.3583. Break below 1.3520 would trigger further weakness to 1.3445 next. Near- term, extension to 1.3340 is likely, as medium-term structure remains negative.
Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3496, 1.3459, 1.3445, 1.3410
GBP/USD
Three legged consolidation off the recent high at 1.5523 may be completed, with scope now for a swing higher to complete the recovery off 1.4780, annual low. Only loss of 1.5335/15 to weaken the structure and allow stronger correction..
Res: 1.5451, 1.5484, 1.5500, 1.5520
Sup: 1.5335, 1.5315, 1.5265, 1.5235
USD/JPY
Testing now 92.56, 16 Apr low, after an upside failure to breach 93.79. Structure remains corrective off 94.78, 05 Apr high. Strong support stands at 92.26/11 and this should buoy a fresh push higher. Break above 93.17 firms for 93.78.
Res: 93.17, 93.70, 93.78, 94.25
Sup: 92.52, 92.26, 92.11, 92.75
USD/CHF
Rallies off 1.0500 base, short of daily falling gap at 1.0615/55, to reaffirm bearish stance towards 1.0468, 200-day MA and 1.0433 low. Sustained break above 1.0655, however, averts.
Res: 1.0615, 1.0655, 1.0686, 1.0713
Sup: 1.0555, 1.0500, 1.0487, 1.0433
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Maintains weak tone from 1.3691/1.3677 area, with market now testing 1.3438, 61.8% retracement of 1.3280/1.3691 ascend. Break below the latter will signal a further slide to 1.3366/40 zone. Only regain of 1.3520/62 would shift near-term focus higher.
Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3410, 1.3366, 1.3340, 1.3280
GBP/USD
Today has seen a gap down out of a daily rising channel. This may potentially mark the end of the three legged correction seen since 1.4780, with scope now seen for an eventual full retracement of the 1.4780/1.5523 move.
Res: 1.5335, 1.5365, 1.5385, 1.5448
Sup: 1.5210, 1.5165, 1.5128, 1.5045
USD/JPY
Broke below recent consolidation floor at 92.56, to continue reversal off 94.77, 05 Apr peak. Market now eyeing 91.46, 50% retracement of 88.13/94.77 ascend, as short-term studies becoming stretched. Regain of 92.56, however, is needed to ease current bear pressure and shift focus higher.
Res: 92.21, 92.56, 92.88, 93.15
Sup: 91.46, 91.09, 90.79, 90.67
USD/CHF
Pullback from 1.0784, 08 Apr high, found support at 1.0500 last week. Higher lows have subsequently developed and clearance of 1.0610/15 completes a base for recovery towards 1.0687/1.0761. 1.0600 now offers immediate support.
Res: 1.0687, 1.0713, 1.0761, 1.0784
Sup: 1.0600, 1.0586, 1.0555, 1.0528
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Maintains weak tone from 1.3691/1.3677 area, with market now testing 1.3438, 61.8% retracement of 1.3280/1.3691 ascend. Break below the latter will signal a further slide to 1.3366/40 zone. Only regain of 1.3520/62 would shift near-term focus higher.
Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3410, 1.3366, 1.3340, 1.3280
GBP/USD
Today has seen a gap down out of a daily rising channel. This may potentially mark the end of the three legged correction seen since 1.4780, with scope now seen for an eventual full retracement of the 1.4780/1.5523 move.
Res: 1.5335, 1.5365, 1.5385, 1.5448
Sup: 1.5210, 1.5165, 1.5128, 1.5045
USD/JPY
Broke below recent consolidation floor at 92.56, to continue reversal off 94.77, 05 Apr peak. Market now eyeing 91.46, 50% retracement of 88.13/94.77 ascend, as short-term studies becoming stretched. Regain of 92.56, however, is needed to ease current bear pressure and shift focus higher.
Res: 92.21, 92.56, 92.88, 93.15
Sup: 91.46, 91.09, 90.79, 90.67
USD/CHF
Pullback from 1.0784, 08 Apr high, found support at 1.0500 last week. Higher lows have subsequently developed and clearance of 1.0610/15 completes a base for recovery towards 1.0687/1.0761. 1.0600 now offers immediate support.
Res: 1.0687, 1.0713, 1.0761, 1.0784
Sup: 1.0600, 1.0586, 1.0555, 1.0528
Windsor Brokers - Short Term Technical Analysis for Majors (08:15 GMT)
EUR/USD
Maintains weak tone from 1.3691/1.3677 area, with market now testing 1.3438, 61.8% retracement of 1.3280/1.3691 ascend. Break below the latter will signal a further slide to 1.3366/40 zone. Only regain of 1.3520/62 would shift near-term focus higher.
Res: 1.3595, 1.3650, 1.3677, 1.3691
Sup: 1.3410, 1.3366, 1.3340, 1.3280
GBP/USD
Today has seen a gap down out of a daily rising channel. This may potentially mark the end of the three legged correction seen since 1.4780, with scope now seen for an eventual full retracement of the 1.4780/1.5523 move.
Res: 1.5335, 1.5365, 1.5385, 1.5448
Sup: 1.5210, 1.5165, 1.5128, 1.5045
USD/JPY
Broke below recent consolidation floor at 92.56, to continue reversal off 94.77, 05 Apr peak. Market now eyeing 91.46, 50% retracement of 88.13/94.77 ascend, as short-term studies becoming stretched. Regain of 92.56, however, is needed to ease current bear pressure and shift focus higher.
Res: 92.21, 92.56, 92.88, 93.15
Sup: 91.46, 91.09, 90.79, 90.67
USD/CHF
Pullback from 1.0784, 08 Apr high, found support at 1.0500 last week. Higher lows have subsequently developed and clearance of 1.0610/15 completes a base for recovery towards 1.0687/1.0761. 1.0600 now offers immediate support.
Res: 1.0687, 1.0713, 1.0761, 1.0784
Sup: 1.0600, 1.0586, 1.0555, 1.0528
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Corrective bounce off 1.3416, 19 Apr low, stalled at 1.3520 yesterday, just under 38.2% retracement of 1.3691/1.3416 decline. Fresh decline is now under way, as market clears 1.3416, break through 1.3366/40 would target key near-term trendline support at 1.3300. Lower top is seen preceding downmove. Only break above 1.3520 firms.
Res: 1.3448, 1.3501, 1.3520, 1.3544
Sup: 1.3397, 1.3366, 1.3340, 1.3300
GBP/USD
Daily structure may have seen the completion of a three legged correction off 1.4780, 2010 low, posted on 01 Mar. Further resistance to strength may be provided by 1.5463, daily trendline resistance, drawn off 1.6456, 19 Jan yearly high, ahead of 1.5520 15 Apr peak.
Res: 1.5410, 1.5431, 1.5448, 1.5472
Sup: 1.5330, 1.5287, 1.5256, 1.5190
USD/JPY
Correction off 94.77, 05 Apr high, dipped to 91.58, ahead of strong bounce. Clearance of 93.10/18, previous peak/trendline resistance, now focuses 93.51/77, possibly 94.25 on a break. 92.50 area supports the advance for now.
Res: 93.39, 93.51, 93.77, 94.25
Sup: 92.95, 92.56, 92.10, 91.58
USD/CHF
Remains constructive off 1.0500, 14 Apr low, with yesterday's higher rejection at 1.0600 now underpinning a fresh attempt at 1.0750/61. Clearance here projects significant near-term gains. Loss of 1.0620/00, however, weakens the outlook.
Res: 1.0689, 1.0713, 1.0750, 1.0761
Sup: 1.0658, 1.0620, 1.0600, 1.0586
Windsor Brokers - Short Term Technical Analysis for Majors (09:45 GMT)
EUR/USD
Maintains weak tone from 1.3691/77 top area. Market is trending lower to challenge 1.3300, key trendline support connecting 1.3266/1.3282 lows. Break here would complete a medium-term bear flag for significant move lower. Only regain of 1.3448/1.3520 firms the short-term outlook.
Res: 1.3422, 1.3448, 1.3501, 1.3520
Sup: 1.3356, 1.3340, 1.3300, 1.3280
GBP/USD
Extended gains to break through 1.5448, daily trendline resistance, connecting 1.6456/1.5523, 19 Jan/15 Apr highs. A lower high is sought in this region for fresh falls back towards the 1.4780 annual low. Regain of 1.5520 strengthens.
Res: 1.5472, 1.5520, 1.5535, 1.5575
Sup: 1.5400, 1.5360, 1.5330, 1.5287
USD/JPY
Is attempting again through the trendline resistance connecting 94.77/ 93.70, with 93.43 being reached so far. A possible higher low has now been posted at 92.72, and this is expected to support fresh attempt to 93.45. Break here and 93.77 opens 94.25/77 first.
Res: 93.43, 93.51, 93.77, 94.25
Sup: 92.72, 92.56, 92.38, 92.10
USD/CHF
Pullback from 1.0784, 08 Apr high, found support at 1.0500 on 14 Apr. Higher lows have subsequently developed and above the 1.0600/20 completed a base for recovery toward 1.0761/84. Break above there is required to complete a medium-term bull flag. 1.0658 now offers initial support.
Res: 1.0723, 1.0750, 1.0761, 1.0784
Sup: 1.0658, 1.0620, 1.0600, 1.0586