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 (07:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 27, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Correction from 1.3201, 23 Apr low, remains capped by 1.3422 thus far, keeping the broader downtrend in play. Downside loss of 1.3290/68 will open 1.3201/1.3190 for retest. Break above 1.3422, however, delays and opens stronger correction towards 1.3448/1.3520.

    Res: 1.3422, 1.3448, 1.3501, 1.3520
    Sup: 1.3344, 1.3290, 1.3268, 1.3201

    [​IMG]


    GBP/USD

    Near-term structure favors a decline towards 1.5396, ahead of final swing higher to complete the upleg from 1.5294. Loss of 1.5350, however, will end bullish bias and open fresh weakness

    Res: 1.5508, 1.5520, 1.5575, 1.5635
    Sup: 1.5396, 1.5350, 1.5294, 1.5256

    [​IMG]


    USD/JPY

    Continues to trend higher, with break through important 93.73/79 area, seeing an extension to 94.35, ahead of the current minor easing. This should precede a challenge on key 94.77, 05 Apr high and near-term pivot, where an eventual break is expected to trigger broader gains off 84.80, 27 Nov 2009 low.

    Res: 94.35, 94.60, 94.77, 95.05
    Sup: 93.62, 93.45, 93.29, 92.72

    [​IMG]


    USD/CHF

    Correction off 1.0848 is taking the form of a descending wedge and this will set up the next leg higher to test 1.0898 2010 high. 1.0787 marks a short-term pivot, while 1.0698/74 area offers initial support.

    Res: 1.0787, 1.0808, 1.0848, 1.0898
    Sup: 1.0698, 1.0674, 1.0657, 1.0618

    [​IMG]
     
Loading...

Share This Page