Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 44
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Maintains downtrend from 1.49 zone after recovery failure left a lower top at 1.4338 last Friday and fresh weakness broke below 1.4122, previous low and 1.4100 support. To approach near-term target at 1.4020, 28 Mar low. Corrective bounce on oversold hourly conditions faces immediate resistance at 1.4122, previous low and hourly 20 day MA, clearance of which would open way for stronger correction towards 1.4180/1.4220, where a lower high is anticipated. Only break above 1.4338 barrier would sideline near-term bears.
Res: 1.4122, 1.4157, 1.4182, 1.4224
Sup: 1.4046, 1.4020, 1.4000, 1.3980
GBP/USD
Broke below 1.6230/1.6320 consolidation band to extend broader downtrend off 1.6745 through 1.6165, 18 Apr spike low, to post fresh low at 1.6145. Near-term studies remain weak, setting scope for fresh leg lower, with loss of 1.6145 to open 1.6090/80 next. Narrow consolidation is now under way, with further corrective attempts seen limited at 1.6230/70 zone. Only sustained break above 1.6320 would improve near-term outlook.
Res: 1.6210, 1.6230, 1.6286, 1.6320
Sup: 1.6165, 1.6145, 1.6100, 1.6090
USD/JPY
Trades in a sideways mode after upside attempts remain capped at 81.30 and 80.33/15 lows holding the downside. Near-term studies are turning positive, with break above 4-hour 20 day MA at 80.90 to underpin fresh attempt towards 81.30 barrier, break of which is needed to resume recovery from 79.55 towards 81.68/84 next. On the downside, loss of 80.33/15 support zone would turn outlook negative.
Res: 81.06, 81.33, 81.68, 81.84
Sup: 80.62, 80.47, 80.33, 80.15
USD/CHF
Broke above 0.8902 barrier after corrective pullback found support at 0.8796 last Friday and fresh leg higher is currently testing 0.8940, strong resistance zone. Clearance of the latter would open 0.9006, key short-term barrier, ahead of Fib 61.8% of 0.9338/0.8550 at 0.9035. On the downside, initial support lies at 0.8900, while 0.8796 underpins the advance and only loss of the latter to weaken near-term structure.
Res: 0.8944, 0.8960, 0.9006, 0.9035
Sup : 0.8900, 0.8872, 0.8845, 0.8815
Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Extends bounce from fresh low at 1.4046, currently attempting at 4-hour 20 day MA at 1.4190. Break here is needed to resume recovery and expose 1.4240/60 next, with only break above 1.4338 to open way for stronger correction. Otherwise, see scope for lower top and extension of broader downtrend. Below 1.4046 turns focus at 1.4020, possibly 1.3980 on a break.
Res: 1.4200, 1.4224, 1.4260, 1.4300
Sup: 1.4128, 1.4090, 1.4078, 1.4046
GBP/USD
Trades in a consolidative mode after hitting fresh low at 1.6145 last Friday, with near-term studies pointing higher. Immediate barrier lies at 1.6230, ahead of 20 day MA, currently at 1.6280, where bears should re-assert for continuation of the broader downtrend. Only break above 1.6320 would signal temporary low at 1.6145 and open way for further retracement of 1.6516/1.6145 descend.
Res: 1.6230, 1.6286, 1.6300, 1.6320
Sup: 1.6160, 1.6145, 1.6100, 1.6090
USD/JPY
Comes under renewed pressure after bounce from 80.33 higher low stalled on attempt to break above 81.00 barrier and being capped by 20 day MA. Holding below 81.00/33 keeps the downside in focus, with loss of 80.33/15 is needed to signal fresh weakness under way. Lift above 81.33, current range ceiling, would signal fresh phase higher and extension of recovery attempt from 79.55.
Res: 81.06, 81.33, 81.68, 81.84
Sup: 80.71, 80.62, 80.47, 80.33
USD/CHF
Reverses sharply after failure to clear 0.8940 resistance, losing 0.8900/0.8850 supports and running towards strong support at 0.8796. Hourly studies are deeply in oversold zone, suggesting correction. 4-hour conditions, however, see room for further decline, with immediate risk at 0.8796, also Fib 38.2% of 0.8550/0.8944 ascend, loss of which would open way for deeper correction. On the upside, regain of 0.8900 is needed to improve near-term tone.
Res: 0.8870, 0.8900, 0.8944, 0.8960
Sup : 0.8824, 0.8815, 0.8796, 0.8750