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 (08:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 14, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Has found foothold at 1.3544, near 38.2% retracement of 1.3280/1.3691 upleg, yesterday, with break above 1.3619/26, firming the tone for 1.3691 retest. Break here opens 1.3735 first, ahead of possible attempt to 1.3795 and key 1.3816 high. Loss of 1.3544, however, would weaken near-term outlook and shift focus lower, as medium-term structure remains negative.

    Res: 1.3664, 1.3691, 1.3735, 1.3795
    Sup: 1.3600, 1.3585, 1.3565, 1.3544

    [​IMG]



    GBP/USD

    Remains in a near-term consolidative mode, with a mild upwards bias still in place, with regain of 1.5484 needed to confirm. However, recent structure suggests that this may be the final phase of the rise off 1.4797. Longer-term outlook continues to be negative.

    Res: 1.5461, 1.5484, 1.5520, 1.5535
    Sup: 1.5347, 1.5335, 1.5313, 1.5267

    [​IMG]



    USD/JPY

    Continues to trend higher, following bounce off 92.56, yesterday’s low. Today’s clearance of the trendline resistance at 93.25, has so far seen 93.49, just ahead of 92.59. Break here to expose 93.78/94.25, for possible final push towards key 94.77 high. Initial supports stands at 92.81/56, and break below the latter to resume the short-term downtrend.

    Res: 93.59, 93.78, 94.25, 94.77
    Sup: 92.81, 92.56, 92.45, 92.26

    [​IMG]


    USD/CHF

    Remains capped below recent daily falling gap at 1.0615/55 to break below 1.0525, extending losses to 1.0500 so far. Loss there will focus 1.0470, 200 day moving average, ahead of recent swing low at 1.0433, to extend the recent bear phase off 1.0897, 19 Feb high.

    Res: 1.0565, 1.0615, 1.0655, 1.0686
    Sup: 1.0500, 1.0489, 1.0470, 1.0433

    [​IMG]
     
Loading...

Share This Page