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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 21, 2013.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Feb 18, 2010
    Likes Received:

    The single currency remains within the range of 1.3000 and 1.2842, with the upper barrier being pressured. Sideways movements are seen in past few sessions after Monday’s gap lower opening, with dips being so far contained by 200 day MA. Hourly structure is positive that sees potential attack at 1.3000 barrier, also 61.8%% of 1.3106/1.2842 fall likely, as break here is seen as a trigger for more bullish action and will signal a bottom. Conversely, loss of 1.2900 handle, will turn near-term outlook bearish.

    Res: 1.2977, 1.2994, 1.3044, 1.3077
    Sup: 1.2927, 1.2900, 1.2879, 1.2842



    Cable remains in a sideways mode, holding within 1.5070/1.5140 range, with yesterday’s spikes in both directions, seen as a noise. Flat hourly studies favor further directionless trading, while structure on 4h chart holds positive tone, as the price action is supported by ascending 20 day EMA and underpinned by 20/55 EMA’s bullish crossover. Full retracement of 1.5220/1.4830 descend and break higher is needed to confirm bottom for more significant rebound, otherwise, the downside would remain vulnerable. Key support and breakpoint lies at 1.5000, below which, bears will take control.

    Res: 1.5142, 1.5185, 1.5200, 1.5220
    Sup: 1.5070, 1.5026, 1.5000, 1.4980



    The pair tested 96.00 barrier, following break above trendline resistance at 95.35 and previous recovery high at 95.73. The near-term uptrend has been established, as 4h indicators broke above their midlines that opens way for further recovery, with 76.4% of entire 96.70/94.30 fall being retraced so far. Pullback on overbought hourlies, should ideally find support at 95.70/50 zone, before fresh extension higher, with sustained break above 96.00, to attract 96.50/70 highs for retest. Bull trendline off 94.30 low, stands at 95.20 and only break here would revive bears.

    Res: 96.12, 96.25, 96.50, 96.70
    Sup: 95.65, 94.47, 95.20, 95.00



    No changes in Aussie’s price action seen in the past few sessions, as the upside remains capped at 1.04 zone. Lack of bullish momentum, so far limits recovery rally from 1.0114 at Fib 61.8% of 1.0597/1.0114 descend, however, the lower boundary of near-term congestion is additionally supported by ascending 200 day MA. Daily studies remain positive and keep the upside favored, while 4h indicators are losing traction and hourlies being neutral. Breakpoints stand at 1.0412 and 1.0342.

    Res: 1.0400, 1.0412, 1.0456, 1.0474
    Sup: 1.0350, 1.0342, 1.0300, 1.0286

  2. autotrader1

    autotrader1 New Member

    Feb 11, 2013
    Likes Received:
    EUR/USD DAILY as of Sunday, 24 March, 2013
    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
    Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 45.01 in the neutral territory. The Relative Momentum Index is at 23.12 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 61.35. This value is in the neutral territory.

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