Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 6
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Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Maintains negative tone, with break of corrective triangle on 27 Apr, extending losses fresh year low at 1.3114 yesterday. Minor correction now precedes a test on 1.3090, 76.4% retracement of 1.2455/1.5140 upleg, possibly 1.2885 near-term. Immediate resistance stands at 1.3263.
Res: 1.3263, 1.3290, 1.3342, 1.3412
Sup: 1.3141, 1.3114, 1.3090, 1.2963
GBP/USD
Recent break under trend-line support off 1.4797 negates the possibility of a double bottom at 1.4780/97. Scope is now seen for a short-term rise to create a lower high for a continuation of weakness.
Res: 1.5240, 1.5293, 1.5351, 1.5365
Sup: 1.5124, 1.5042, 1.5004, 1.4929
USD/JPY
Lower rejection at 92.80 on 27 Apr, confirmed the underlying bull structure. A break above 94.31/35, 26/28 Apr highs, will complete a multi week bull configuration that sights the 97.00 area. Only break below 92.80 would delay.
Res: 94.35, 94.60, 94.77, 95.05
Sup: 93.71, 93.37, 92.97, 92.80
USD/CHF
Remains in uptrend from 1.0500, with break of hourly triangle on 27 Apr, triggering the latest rise that cleared key 1.0898 barrier, to reach 1.0922 yesterday. 1.0812 now marks a tentative higher platform for fresh attempt at 1.0940 and 1.1026.
Res: 1.0922, 1.0940, 1.0956, 1.0987
Sup: 1.0812, 1.0787, 1.0759, 1.0698
Windsor Brokers - Short Term Technical Analysis for Majors (14:15 GMT)
EUR/USD
Bounce off 1.3114, fresh yearly low, remains so far capped by 1.3290, as rally stalled at 1.3277. Negative structure favors break through 1.3114 to focus 1.3090, possibly 1.2885 near-term. Only clearance of 1.3290 to allow stronger correction.
Res: 1.3290, 1.3342, 1.3412, 1.3422
Sup: 1.3181, 1.3141, 1.3114, 1.3090
GBP/USD
Recent break under trend-line support off 1.4797 negates the possibility of a double bottom at 1.4780/97. Scope is now seen for a short-term rise to create a lower high for a continuation of weakness. Regain of 1.5293, would delay immediate bears.
Res: 1.5283, 1.5293, 1.5351, 1.5365
Sup: 1.5141, 1.5124, 1.5042, 1.5004
USD/JPY
Lower rejection at 92.80 on 27 Apr, confirmed the underlying bull structure. A break above 94.31/35, 26/28 Apr highs, will complete a multi week bull configuration that sights the 97.00 area. Only break below 92.80 would delay.
Res: 94.35, 94.60, 94.77, 95.05
Sup: 93.71, 93.37, 92.97, 92.80
USD/CHF
Remains in uptrend from 1.0500, with break of hourly triangle on 27 Apr, triggering the latest rise that cleared key 1.0898 barrier, to reach 1.0922 yesterday. 1.0787/59 now offers support for fresh attempt at 1.0940 and 1.1026.
Res: 1.0922, 1.0940, 1.0956, 1.0987
Sup: 1.0787, 1.0759, 1.0698, 1.0674
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Continues to trend lower, following reversal off key lower top at 1.3360, and break below pivotal 1.3114 low. 1.2935 has been reached so far, en-route to 1.2885/40, 22 Apr 2009 low/trendline off 1.2331, Oct 2008 bottom. 1.2995/1.3047 offers immediate resistance.
Res: 1.3047, 1.3113, 1.3153, 1.3214
Sup: 1.2935, 1.2920, 1.2885, 1.2835
GBP/USD
Maintains negative tone after break of trendline drawn off 1.4797 higher low, with fresh 1.5089 low being reached yesterday. Market now looks for test of 1.5042, break of which would re-focus 1.4797/80. Upside, regain of key 1.5389 high is now required to improve outlook.
Res: 1.5186, 1.5210, 1.5265, 1.5283
Sup: 1.5089, 1.5075, 1.5042, 1.4929
USD/JPY
Remains bullish after break through long-term falling trendline drawn off 123.95, projecting further gains. Consolidation under 94.97 is forming a likely continuation for a break above 95.07, 61.8% retracement of 101.43/84.80. This opens 95.30/50 first. 94.30 offer initial support.
Res: 94.97, 95.07, 95.30, 95.50
Sup: 94.30, 93.83, 93.71, 93.37
USD/CHF
Ascend from 1.0728 higher low has cleared 1.1021, extending gains to 1.1072 thus far. Short-term studies are overstretched, signaling correction. Higher low near 1.0923 is favored, for fresh attempt higher, and above 1.1072 to focus 1.1180, 61.8% of the 1.1966/0.9916 decline.
Res: 1.1072, 1.1107, 1.1130, 1.1165
Sup: 1.1000, 1.0976, 1.0923, 1.0887
Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Continues to trend lower, following reversal off key lower top at 1.3360, and break below pivotal 1.3114 low. 1.2885/40 targets have been cleared, exposing trendline support at 1.2680 next. Hourly studies are overstretched and correction may precede fresh weakness.
Res: 1.2945, 1.2996, 1.3047, 1.3113
Sup: 1.2800, 1.2755, 1.2730, 1.2680
GBP/USD
Maintains negative tone after break of trendline drawn off 1.4797 higher low, extending losses through 1.5089, yesterday low, to reach 1.5066, just ahead of 1.5042 target. Break here to favor further weakness and open way towards 1.4797/80. Only regain of 1.5389 improves.
Res: 1.5172, 1.5186, 1.5210, 1.5265
Sup: 1.5042, 1.5004, 1.4975, 1.4929
USD/JPY
Remains bullish after break through long-term falling trendline drawn off 123.95, projecting further gains. Consolidation under 94.97 is forming a likely continuation for a break above 95.07, 61.8% retracement of 101.43/84.80. This opens 95.30/50 first. 94.30 offer initial support.
Res: 94.97, 95.07, 95.30, 95.50
Sup: 94.30, 93.83, 93.71, 93.37
USD/CHF
Ascend from 1.0728 higher low has breached 1.1072 resistance, rallying sharply to reach 1.1185, 61.8% retracement of the 1.1966/0.9916 decline. Next target is seen at 1.1266. Hourly studies remain overstretched.
Res: 1.1072, 1.1107, 1.1130, 1.1165
Sup: 1.1000, 1.0976, 1.0923, 1.0887
Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Extends recovery from 1.2515, 06 May fresh yearly low, to clear 1.2995, and 1.3035/47, 61.8% retracement of 1.3359/1.2515 decline/04 May intraday high. Break here now seeks for test of 1.3113/48, though overbought hourly studies warn of correction.1.2775 is expected to hold, and potential break lower, however, would delay and risk a test of 1.2609.
Res: 1.3100, 1.3113, 1.3148, 1.3190
Sup: 1.2898, 1.2806, 1.2775, 1.2690
GBP/USD
An initial recovery has taken place from last weeks low at 1.4475. This may constitute the first leg higher in a larger correction. Scope is seen for a short-term swing lower, before a potential return to strength.
Res: 1.4932, 1.5011, 1.5066, 1.5146
Sup: 1.4759, 1.4706, 1.4643, 1.4573
USD/JPY
Double top at 95.00 and break of a trendline support, sparked a sharp decline to 87.96 on 06 May. A lower rejection there and strong recovery has followed. An hourly bullish consolidation has been confirmed by break above 93.19. Market now focuses 93.98, possibly 95.00 on a break.
Res: 93.52, 93.98, 94.32, 95.00
Sup: 92.49, 91.64, 90.98, 90.00
USD/CHF
Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone supports.
Res: 1.1102, 1.1155, 1.1180, 1.1244
Sup: 1.0923, 1.0887, 1.0839, 1.0808
Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Extends recovery from 1.2515, 06 May fresh yearly low, to clear 1.2995, and 1.3035/47, 61.8% retracement of 1.3359/1.2515 decline/04 May intraday high. Break here now seeks for test of 1.3113/48, though overbought hourly studies warn of correction.1.2775 is expected to hold, and potential break lower, however, would delay and risk a test of 1.2609.
Res: 1.3100, 1.3113, 1.3148, 1.3190
Sup: 1.2898, 1.2806, 1.2775, 1.2690
GBP/USD
An initial recovery has taken place from last weeks low at 1.4475. This may constitute the first leg higher in a larger correction. Scope is seen for a short-term swing lower, before a potential return to strength.
Res: 1.4932, 1.5011, 1.5066, 1.5146
Sup: 1.4759, 1.4706, 1.4643, 1.4573
USD/JPY
Double top at 95.00 and break of a trendline support, sparked a sharp decline to 87.96 on 06 May. A lower rejection there and strong recovery has followed. An hourly bullish consolidation has been confirmed by break above 93.19. Market now focuses 93.98, possibly 95.00 on a break.
Res: 93.52, 93.98, 94.32, 95.00
Sup: 92.49, 91.64, 90.98, 90.00
USD/CHF
Extended gains to 1.1244 on 06 May so far, ahead of corrective phase. Higher low is now sought near 1.0925 for a fresh leg higher, and through 1.1244/62 to target 1.1484, 76% retracement of 1.1966/0.9916 decline. Downside, 1.0923/1.0839 zone supports.
Res: 1.1102, 1.1155, 1.1180, 1.1244
Sup: 1.0923, 1.0887, 1.0839, 1.0808