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 (09:45 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Apr 22, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Maintains weak tone from 1.3691/77 top area. Market is trending lower to challenge 1.3300, key trendline support connecting 1.3266/1.3282 lows. Break here would complete a medium-term bear flag for significant move lower. Only regain of 1.3448/1.3520 firms the short-term outlook.

    Res: 1.3422, 1.3448, 1.3501, 1.3520
    Sup: 1.3356, 1.3340, 1.3300, 1.3280

    [​IMG]


    GBP/USD

    Extended gains to break through 1.5448, daily trendline resistance, connecting 1.6456/1.5523, 19 Jan/15 Apr highs. A lower high is sought in this region for fresh falls back towards the 1.4780 annual low. Regain of 1.5520 strengthens.

    Res: 1.5472, 1.5520, 1.5535, 1.5575
    Sup: 1.5400, 1.5360, 1.5330, 1.5287

    [​IMG]


    USD/JPY

    Is attempting again through the trendline resistance connecting 94.77/ 93.70, with 93.43 being reached so far. A possible higher low has now been posted at 92.72, and this is expected to support fresh attempt to 93.45. Break here and 93.77 opens 94.25/77 first.

    Res: 93.43, 93.51, 93.77, 94.25
    Sup: 92.72, 92.56, 92.38, 92.10

    [​IMG]


    USD/CHF

    Pullback from 1.0784, 08 Apr high, found support at 1.0500 on 14 Apr. Higher lows have subsequently developed and above the 1.0600/20 completed a base for recovery toward 1.0761/84. Break above there is required to complete a medium-term bull flag. 1.0658 now offers initial support.


    Res: 1.0723, 1.0750, 1.0761, 1.0784
    Sup: 1.0658, 1.0620, 1.0600, 1.0586

    [​IMG]
     
Loading...

Share This Page