1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 3, 2014.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Joined:
    Feb 18, 2010
    Messages:
    948
    Likes Received:
    1
    EUR/USD
    Opening with a Gap lower, the EURUSD managed to maintain group above 1.3755 after closing above 1.3800. 1.3755 a 38.2% Fibo level of 1.3642 to 1.3824 High, a break there would open lower retracement towards the 50% level at 1.3725. From the upside 1.3825-35 mark the zone for continues acceleration towards 1.3890 27.Dec.13 high.

    Res: 1.3825, 1.3835, 1.3890, 1.3960
    Sup: 1.3755, 1.3725, 1.3690, 1.3645

    [​IMG]



    GBP/USD
    Still on a higher lows pattern for the past 3 trading sessions, cable managed to find resistance at 1.6770 last Friday and today at 1.6750. a break would open continuation towards 1.6820 (17 Feb High). On the other hand, volatility was seen last Friday and demand was found at 1.6685-95 ahead of the low at 1.6675, we will monitory 1.6685-95 zone for support, and if broken a reversal towards 1.6645 and 1.6615 is expected.

    Res: 1.6750, 1.6770, 1.6795, 1.6820
    Sup: 1.6695, 1.6685, 1.6645, 1.6615

    [​IMG]



    USD/JPY
    Since the 7th of February, USDJPY has been trading on a sideway mode between 102.75-90 from the top and 101.25-40 from the bottom, a break of 101.25 would open further drop towards 100.80 zone (Low of beginning of February) and afterwards a break below 100.50. On the upside above 101.80 would open Fridays high at 102.30

    Res: 101.80, 102.30, 102.75, 102.90
    Sup: 101.25, 100.80, 100.50, 100.00

    [​IMG]




    AUDUSD
    Lower High/Low pattern dominated the Aussie for the past few days, reaching recent low at 0.8890 and targeting 0.8870 (50% Fibo of 0.8660 to 0.9080). A break below there would open 0.8825 and a sharp drop lower towards 0.8750. On the upside, support is found first at 0.8945 Fridays peak at 15:30 GMT, and next towards 0.8970 and 0.8990. Above the latter would open a potential reversal towards 0.9050 zone.

    Res: 0.8950, 0.8970, 0.8990, 0.9025
    Sup: 0.8890, 0.8870, 0.8825, 0.8750

    [​IMG]
     
Loading...

Share This Page