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 (07:20 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Oct 6, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Joined:
    Feb 18, 2010
    Messages:
    948
    Likes Received:
    1
    EUR/USD

    Corrected to 1.3636 yesterday, following reversal of 1.3805, 04 Sep high. Fresh strength broke through 1.3825, trendline resistance, to hit the fresh high of 1.3861 so far. Market is looking for test of 1.3890, 61.8% retracement of 1.5144/1.1875 downleg, with potential break here to expose 1.4025, 03 Mar high. Downside, loss of 1.3636 would delay bulls.

    Res: 1.3861, 1.3890, 1.3930, 1.3975
    Sup: 1.3821, 1.3805, 1.3761, 1.3680

    [​IMG]



    GBP/USD
    Maintains positive structure off 1.5668, 30 Sep higher low, with the latest attempt through 1.5921/29, previous highs. Sustained break here would open way for test of a key 1.5997, 06 Aug high, break of which is required to resume the bull phase off 1.4230, 20 May low. Failure under 1.5997, however, risks a lower top ahead of fresh weakness, with loss of 1.5295 to defer bulls.

    Res: 1.5937, 1.5965, 1.5997, 1.6010
    Sup: 1.5854, 1.5827, 1.5771, 1.5748

    [​IMG]



    USD/JPY

    Yesterday’s recovery attempt failed at 83.97, just above 83.85 previous high, with sharp reversal followed. This has posted a fresh low of 82.95, just above 82.86, yearly low, and negative hourly studies favor break lower to expose 82.00 area, lows last seen in 1995. Only regain of 83.97 would improve the near-term outlook.

    Res: 83.32, 83.63, 83.85, 83.97
    Sup: 82.95, 82.86, 82.30, 81.77

    [​IMG]



    USD/CHF

    Extended decline off 1.0181 to post fresh yearly low of 0.9643 yesterday, just above the all-time low at 0.9630. Correction higher is underway, ahead of fresh attempt lower, and potential break below 0.9630 to open way for fresh weakness. Upside, 0.9788 is a key near-term resistance, with break above to delay immediate bears.

    Res: 0.9706, 0.9738, 0.9757, 0.9788
    Sup: 0.9643, 0.9630, 0.9600, 0.9550

    [​IMG]
     
Loading...

Share This Page