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 (14:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Jan 31, 2011.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Feb 18, 2010
    Likes Received:
    Rejection at 1.3757 and subsequent reversal, have found support at 1.3570, ahead of strong recovery, keeping the short-term bulls in play. Today’s regain of 1.37 level, suggests fresh attempt at 1.3745/57 resistance zone, break of which is needed to resume recovery off 1.2872 and expose 1.3784 next. Immediate supports at 1.3570/39 underpin advance for now.

    Res: 1.3745, 1.3757, 1.3784, 1.3824
    Sup: 1.3600, 1.3569, 1.3539, 1.3503


    Extends the short-term downtrend off 1.6058, 18 Jan peak, after sharp fall to 1.5750 and subsequent recovery failure to clear trendline resistance at 1.5989. Near-term tone is skewed to the downside, with 1.5821, triangle support being tested so far. Break here to suggest fresh weakness and test of 1.5785, 61.8% of 1.5343/1.6058 ascend and 1.5750, key short-term higher low, loss of which would signal further weakness and open 1.5660/17 zone for retest. Upside attempts remain capped by 1.5965/89 and only break above the latter would signal a resumption of short-term uptrend off 1.5750.

    Res: 1.5965, 1.5989, 1.6016, 1.6036
    Sup: 1.5821, 1.5768, 1.5750, 1.5717


    Maintains negative short-term tone following recovery failure at 83.67 and the recent upside rejection at 83.20. Today’s break below 83.05, trendline support is now attempting at key short-term support at 81.84, loss of which would signal an end of recovery phase from 80.92 and extension of the downtrend from 84.49, to test 80.92, possibly multi-year low at 80.24 on a break. Only regain of 83.00/20 zone would improve the near-term outlook.

    Res: 82.21, 82.46, 82.70, 82.92
    Sup: 81.91, 81.84, 81.67, 80.92


    Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep alive hopes of fresh recovery.

    Res: 0.9468, 0.9480, 0.9493, 0.9520
    Sup: 0.9399, 0.9388, 0.9365, 0.9301


Share This Page