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 (14:30 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Mar 21, 2011.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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

    Hovers just under 1.42 mark after push above 1.4182 previous low, posted fresh high at 1.4202. Near-term studies remain positive, though in overbought zone on 4-hour chart, with 1.4280/1.4303, key levels in sight. At the downside, 1.4135/20 offer immediate support, while higher platform at 1.4040 underpins the advance.

    Res: 1.4202, 1.4256, 1.4280, 1.4303
    Sup: 1.4145, 1.4135, 1.4120, 1.4105

    [​IMG]


    GBP/USD

    Extends gains through 1.6254, previous high, to touch 1.6294, ahead of shallow correction to 1.6250. Fresh strength looks for clearance of 1.63 barrier for retest of key near-term resistance at 1.6342 and resume the latest bull leg from 1.5343 higher low. Hourly studies remain supportive but overextended, with potential correction to target initial support at 1.6200 zone.

    Res: 1.6294, 1.6300, 1.6340, 1.6370
    Sup: 1.6250, 1.6200, 1.6180, 1.6150

    [​IMG]



    USD/JPY

    Has found temporary support below 81.00 after strong rally from 76.25 record high regained 82.00 level, with subsequent correction reversing at 80.57. The pair was unable to sustain gains above 81.00, with 81.3, today’s high, capping for now. Renewed risk of break through 81.00/80.57 would open way for fresh weakness below 80.00. At the upside, clearance of 82.00 is needed to resume recovery.

    Res: 81.31, 81.74, 81.98, 82.41
    Sup: 80.92, 80.81, 80.57, 80.16

    [​IMG]



    USD/CHF

    Undergoes recovery after dipping to a fresh all-time low at 0.8900
    Correction above 0.8960 higher low remains capped by 0.9090, Friday’s high for now, and break here needed to resume towards 0.92 level, clearance of which is needed to continue recovery and open 0.9370 next. Holding below 0.9090, however, keeps risk of fresh weakness towards 0.8960/00 in play.


    Res: 0.9072, 0.9090, 0.9139, 0.9200
    Sup:0.9028, 0.9000, 0.8986, 0.8961

    [​IMG]
     
Loading...

Share This Page