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Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 13, 2013.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD

    The Euro regains strength after yesterday’s spike to 1.3072 and quick return to 1.3000, where support was found. Hourly structure holds slight positive tone, as the price attempts at 50% of 1.3133/1.2950 fall and previous high, however, 4h studies are lacking momentum, with upside being limited by 55 day EMA. Overall, near-term price action is in sideways mode, as shown on 4h chart and entrenched within 1.3160/1.2950 range, consolidating the recent losses. Larger picture bears are still in play and see the downside vulnerable, as loss of 1.2950 would open 1.2900 and 1.2875, 50% retracement of larger 1.2042/1.3710 upleg. Conversely, clearance of 1.3133/60 barriers, would sideline bears and allow for stronger recovery.


    Res: 1.3052, 1.3072, 1.3100, 1.3133
    Sup: 1.3013, 1.2985, 1.2950, 1.2900

    [​IMG]




    GBP/USD

    Cable trades in a near-term corrective mode, after bounce from yesterday’s fresh low at 1.4830, recovered over 50% of 1.5046/1.4830 fall at 1.4951, testing the initial resistance at 1.4950/60 zone. Hourly indicators moved in the positive territory, however, 4h structure still sees prevailing negative tone that, along with double-Doji candle, may produce further consolidation, while psychological 1.5000 and 1.5046, 08 Mar high, cap. Overextended daily studies may signal stronger rebound ahead, with clearance of 1.5000/46, seen as trigger. Upside rejection, however, would risk fresh extension of larger bear-trend and expose 1.4800, initially.

    Res: 1.4960, 1.5000, 1.5050, 1.5080
    Sup: 1.4900, 1.4865, 1.4830, 1.4800

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    USD/JPY

    The pair remains under pressure, as fresh weakness below yesterday’s low at 95.63, threatens for extension of near-term corrective pullback from 96.70, yesterday’s fresh high. Descending 4h chart indicators and hourlies already in the red territory, support such scenario and focus the next target at 95.25, Fib 38.2% of 92.90/96.70 upleg, ahead of 94.80, 50% retracement / 55 day EMA. Overall bulls, however, remain intact for now and keep the next target at 97.00 in near-term focus, once corrective pullback is over. Only slide below previous strong barrier at 94.50 zone, would delay bulls.

    Res: 96.00, 96.26, 96.70, 97.00
    Sup: 95.25, 95.00, 94.84, 94.55


    [​IMG]


    AUD/USD

    Near-term structure holds positive tone, as the price attempts at yesterday’s highs at 1.0330 zone, after brief consolidation was contained above psychological 1.3000 level. Positive near-term studies favor further recovery off 1.0114 fresh low and turn focus towards 1.0356,/73, 200 day MA / 50% of 1.0597/1.0114 / 15 Feb high, seen as initial target. Downside should stay protected at 1.0300 to keep bullish structure intact.


    Res: 1.0335, 1.0356, 1.0373, 1.0400
    Sup: 1.0300, 1.0284, 1.0265, 1.0253

    [​IMG]
     
  2. autotrader1

    autotrader1 New Member

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    EUR/USD DAILY as of Monday, 18 March, 2013
    Daily Pivot Point
    Resistance 1: 1.3112 Resistance 2: 1.3151 Resistance 3: 1.3244
    PIVOT POINT: 1.3058
    Support 1: 1.3019 Support 2: 1.2965 Support 3: 1.2872
    The MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line last Friday ago. A Stochastic BUY signal was generated last Friday. Currently the Stochastic indicator is generating a BUY signal against the direction of the major trend. The RSI has just reached its highest value in the last 14 days. This is BULLISH signal. The RSI has set a new 14-period high while prices has not. This is a BULLISH DIVERGENCE.
    The close is currently
    ABOVE its 200 daily moving average
    BELOW its 90 daily moving average
    BELOW its 30 daily moving average
    The current market condition for Euro Dollar / US Dollar is Mildly Bullish
    Buy on open with profit target at 1.3112 and place stop loss at 1.2965
     
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