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 (10:45 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Nov 10, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Extends recent downtrend from 1.4280 after yesterday’s break through trendline support at 1.3796 posted fresh monthly low at 1.3733, also 27 Oct higher low. Further weakness remains favored, with clearance of key near-term support at 1.3696 to risk fresh extension lower and target 1.3500 short-term. Yesterday’s lower top at 1.3972 is expected to cap corrective attempts, to keep immediate bears in play.

    Res: 1.3836, 1.3876, 1.3914, 1.3952
    Sup: 1.3733, 1.3696, 1.3680, 1.3636

    [​IMG]




    GBP/USD
    Yesterday’s failure at 1.6180 has triggered fresh weakness, with break below 1.6000 to open way for further correction and target 1.5898, 61.8% of 1.5651/1.6297 ascend, then 1.5876, 29 Oct low, and 1.5795, trendline support. Only break above 1.6180 would ease bear pressure.

    Res: 1.6041, 1.6071, 1.6143, 1.6165
    Sup: 1.5951, 1.5898, 1.5876, 1.5795

    [​IMG]



    USD/JPY
    Found the footstep at 80.52 yesterday, ahead of sharp rally. Break above 81.46/59 resistance zone is now attempting at 81.97, near-term range ceiling, break of which is needed to signal further recovery and open 82.34/40, 12 Oct high/38.2% of 85.92/80.24 decline. Downside, loss of 81.05 to turn focus back to 80.52/.24.

    Res: 81.97, 82.13, 82.34, 82.40
    Sup: 81.46, 81.05, 80.52, 80.24

    [​IMG]



    USD/CHF
    Pullback from 0.9680, found support at 0.9585, ahead of fresh strength. Break through 0.9680/93 resistance has so far reached 0.9726, just ahead of 0.9735, break of which is needed to resume recovery, otherwise, lower top and fresh weakness towards 0.9585 and 0.9546 would be favored.


    Res: 0.9726, 0.9735, 0.9768, 0.9800
    Sup: 0.9675, 0.9626, 0.9604, 0.9585

    [​IMG]
     
Loading...

Share This Page