Windsor Brokers - Short Term Technical Analysis For Majors (07:00 Gmt) |
|
|
WindsorBrokers |
Jan 22 2013, 11:13 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The single currency continues to move within one-week 1.3400/1.3255 range, with yesterday�s slide being contained at psychological 1.3300 support. Bounce higher brings positive sentiment and sets scope for possible attack at strong 1.3400 barrier. Positive hourly studies support the notion, as the rally retraces 76.4% of 1.3397/1.3280 descend. Holding above 1.3300 base, reinforced by 55 day EMA, keeps near-term bulls in play, while break here would attract lower range boundaries. Res: 1.3370, 1.3400, 1.3418, 1.3485 Sup: 1.3350, 1.3330, 1.3300, 1.3280
GBP/USD
Negative near-term tone continues to drive the pair lower, as the price approached next target and psychological support at 1.5800, after fully retracing Nov/Jan 1.5826/1.6380 rally. Clear break here to signal fresh bear phase, as the pair breaks below the range, established in Sep 2012. Immediate target at 1.5800 remains in near-term focus, with penetration here to open 1.5753, 28 Aug low, possibly 1.5700, round figure support. Any bounce higher would be seen as corrective with initial barrier at 1.5900, also 200 day MA. Only regain of 1.6000 handle would ease bear-pressure.
Res: 1.5864, 1.5900, 1.5922, 1.5950 Sup: 1.5826, 1.5805, 1.5753, 1.5700
USD/JPY
Fresh weakness off upside rejection level at 90.10, cracked 89.00 support, also 50% of 87.78/90.23, with losses being temporarily contained by 55 day EMA at 88.88. This softens near-term tone and increases risk of further reversal, with near-term focus at Fibonacci supports at 88.72 and 88.36, 61.8% and 76.4% retracement. Corrective actions face good resistance at 89.30/50 zone, while only regain of psychological 90.00 barrier, would shift focus higher again.
Res: 89.35, 89.50, 89.85, 90.10 Sup: 88.88, 88.72, 88.36, 88.12
USD/CHF
The near-term price action seems to be running out of steam, as the price slides to consolidation range floor and psychological support at 0.9300 zone. Hourly indicators show negative readings, as price holds below 20 day EMA, with immediate risk seen on a break below 0.9300/0.9280, range floor / 55 day EMA that would signal completion of H&S pattern, shown on 4-h chart and open way for further easing towards 0.9250/00. Conversely, break above 0.9350, would improve and re-focus upper barriers at 0.9387 and 0.9400. Res: 0.9350, 0.9387, 0.9400, 0.9430 Sup: 0.9292, 0.9284, 0.9248, 0.9215
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
|
|
Replies(1 - 9)
WindsorBrokers |
Jan 28 2013, 10:07 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The single currency continues to trend higher, with last Friday�s break and weekly close above 1.3400 barrier, opening way towards key medium-term resistance at 1.3500 zone. Rally peaked at 1.3477, just ahead of 2012 high at 1.3485 and 50% of 1.4938/1.2042 descend at 1.3490 that also marks the neckline of weekly inversed H&S pattern. The barrier is reinforced by weekly 200 day MA and seen as breakpoint for more significant gains, with 1.3800 zone, Fib 61.8%, expected to come in near-term focus on a clear break above 1.3500. Hourly studies are in descending mode, off overbought territory, however, strong 4h chart readings see room for attempt through 1.3500, with 20 day EMA and previous highs at 1.3400, offering good support for now. Only break here would signal further hesitation ahead of 1.3500 and allow for stronger reversal. Res: 1.3477, 1.3485, 1.3490, 1.3525 Sup: 1.3400, 1.3370, 1.3350, 1.3300
GBP/USD
Cable remains under heavy pressure, as recovery attempt from last Friday�s lows at 1.5750 zone, failed to sustain gains above important 1.5800 level. Fresh weakness, despite weekly close slightly above 1.5800, accelerated on weekly gap-lower opening, focusing initial 1.5700 target. Negative 1 and 4h chart structure keeps the downside favored, however, brief consolidation at 1.5700, is not ruled out, as hourly indicators are entering oversold territory. Below 1.5700, static support at 1.5634, 16 Aug low, is seen next, ahead of psychological 1.5600 level. Session high at 1.5784, offers initial resistance, while filling gap and extension above 1.5800 would delay immediate bears.
Res: 1.5745, 1.5784, 1.5800, 1.5823 Sup: 1.5700, 1.5660, 1.5634, 1.5600
USD/JPY
The pair remains well supported, as last Friday�s rally penetrated psychological 91.00 barrier, to bring the next target at 92.00 zone in near-term focus. Corrective easing is expected to precede fresh rally, with previous high at 90.23, reinforced by 4h 20 day EMA, acting as initial support and dips ideally to be contained around 90.00 zone, also Fib 38.2% of 88.05/91.24 ascend.
Res: 91.24, 91.50, 92.00, 92.50 Sup: 90.55, 90.23, 90.00, 89.64
USD/CHF
Near-term price action moves in a recovery mode, off last Friday�s fresh low at 0.9220, Fib 61.8% of 0.9109/0.9387 rally. Improved hourly conditions see potential for possible attempt at 0.9300 barrier, as the rally retraced 61.8% of 0.9323/0.9220 descend at 0.9287, where 20 day EMA limited gains for now. From the other side, prevailing negative tone on 4h chart does not see much upside potential, as long as the price holds below 0.9323, 24 Jan high. Only break here would sideline bears and shift focus higher. Otherwise, reversal under 0.9323, would risk lower top and fresh weakness towards 0.9220/00. Res: 0.9287, 0.9300, 0.9323, 0.9345 Sup: 0.9270, 0.9255, 0.9220, 0.9200
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Jan 30 2013, 10:57 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The Euro eventually attacks strong 1.3500 barrier, after yesterday�s break and close above previous high at 1.3477. Positive sentiment that drives the pair is supported by positive technicals and strong bullish momentum for clear break above 1.3500, 50% retracement of 1.4938/1.2042 and weekly inverted H&S neckline that is seen as a trigger for extension of broader uptrend from July 2012 annual low at 1.2042. Immediate targets lie at 1.3547/67, 02 Dec / 18 Nov 2011 highs, ahead of psychological 1.3600 barrier. On the downside, previous peaks at 1.3477 offer initial support, while any stronger retracement is expected to hold above 1.3420/00, 28/29 Jan range floor / previous highs. Res: 1.3547, 1.3567, 1.3600, 1.3650 Sup: 1.3495, 1.3477, 1.3460, 1.3420
GBP/USD
Near-term structure remains positive, as the pair recovers from the recent lows under 1.5700 handle, where temporary support was found. With over 61.8% of 1.5825/1.5673 being retraced so far, focus remains at 1.5800/20 breakpoint, reinforced by descending 55 day EMA, clearance of which is required to confirm near-term base and allow for stronger recovery. However, studies on 4h chart are still below their midlines and unless 1.5820 is cleared, risk of lower top and fresh weakness, as a part of larger downmove from 1.6380, still exists.
Res: 1.57721.5784, 1.5800, 1.5823 Sup: 1.5740, 1.5708, 1.5694, 1.5673
USD/JPY
The pair regains strength, as corrective easing from 91.24 peak was contained by 20 day EMA at 90.31, just above strong 90.23/00 support zone. With 91.00 handle being regained and hourly studies turning positive, attack at 91.24 and fresh extension towards 92.00, is seen as likely near-term scenario. Any retracement should not exceed 90.00, in order to keep immediate bulls intact.
Res: 91.08, 91.24, 91.50, 92.00 Sup: 90.83, 90.31, 90.23, 90.00
USD/CHF
Near-term bears remain in play, as the price consolidates above 0.9200 handle, following break below that spiked to 0.9191, Fib 138.2% extension of 0.9220/0.9291 upleg. With negative structure dominating on the lower timeframes studies, the downside remains favored, with sustained break below 0.9200, expected to open 0.9100/0.9080 base. The upside is seen protected at 0.9240/50 zone, Fib 50% / 61.8% of 0.9291/0.9191 / 55 day EMA, where rallies should be capped.
Res: 0.9224, 0.9240, 0.9253, 0.9291 Sup: 0.9205, 0.9191, 0.9175, 0.9109
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Feb 12 2013, 09:47 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The Euro trades in a sideways mode, consolidating recent reversal from 1.3710 that found footstep at 1.3352, the midpoint of 1.2996/1.3710 upleg. Near-term price action moves within 1.3352 and 1.3428, last Friday�s high / low, as yesterday�s recovery rally stalled at 1.3426, where 4h 20 day EMA capped. Hourly studies remain neutral, while 4h structure is still neutral and sees the downside at risk, as long as the price holds within near-term bear-channel off 1.3710. Initial barriers lie at 1.3428 and 1.3438, Fib 38.2% of 1.3710/1.3352, ahead of pivotal 1.3460 area, 05 Feb low / 50% of 1.3576/1.3352 / channel resistance, break of which to signal recovery, confirmation of which requires break above 1.3500. On the downside, slide below 1.3352 would signal bearish continuation and open psychological 1.3300 support, ahead of more significant 1.3260, higher platform / bull-trendline off 1.2660. Res: 1.3400, 1.3428, 1.3458, 1.3500 Sup: 1.3375, 1.3352, 1.3300, 1.3265
GBP/USD
Cable lost ground after pullback from last Friday�s high at 1.5843 accelerated and lost 1.5740/00 handles, to nearly fully retrace 1.5630/1.5843 recovery rally. This suggests that broader bearish structure, triggered by break below four-month range and multi-year bull-trendline from 2009 low at 1.3500, remains intact and keeps the downside in focus. Completion of near-term corrective phase below 1.5630, opens 1.5600, then 1.5530, Fib 76.4% of 1.5267/1.6380 ascend. Previous supports at 1.5700 and 1.5740 now act as resistances and are expected to cap for now.
Res: 1.5680, 1.5700, 1.5740, 1.5765 Sup: 1.5640, 1.5630, 1.5600, 1.5530
USD/JPY
Bulls returned to play after recovery rally from 92.17 base accelerated through 94.00 barrier that signals bullish continuation of larger uptrend from 77.00 zone. This brings our initial target at 94.97, May 2010 high, in near-term focus, break of which to confirm medium-term base and signal stronger recovery of 2007/2011 downtrend. Corrective dips are seen preceding fresh rally, as the price pulls back from yesterday�s fresh high at 94.45, with 94.00 zone holding for now. Only slide below 92.00, would have the stronger impact on the near-term structure.
Res: 94.35, 94.45, 94.97, 95.72 Sup: 93.85, 93.58, 93.31, 93.00
USD/CHF
The pair holds positive tone, as break 0.9200 barrier, 50% of 0.9387/0.9020 descend signals resumption of recovery rally from 0.9020 that paused on 0.9200/0.9150 consolidative phase. Positive near-term studies support the notion, with initial barrier at 0.9247, Fib 61.8%, seen as a trigger for extension towards psychological / Fib 76.4% resistance at 0.9300. Any slide below 0.9200, should hold above 0.9150, recent rage floor, to keep near-term bulls afloat. However, overall bearish tone persists and improvement requires regain of 0.9400 zone, previous highs / 200 day MA. Res: 0.9247, 0.9273, 0.9300, 0.9323 Sup: 0.9200, 0.9178, 0.9150, 0.9115
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Feb 13 2013, 09:35 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The single currency regained some ground, as bounce from 1.3352 base cracked important barrier at 1.3365, channel resistance / 50% of 1.3576/1.3352, but failed to break higher. Consolidative action is for now held by hourly 20 day EMA and above 1.3430, previous range tops that keeps immediate focus at the upside. However, hourly studies are in positive territory but lacking momentum for now, while 4h structure looks more supportive. Break above 1.3465 is seen as initial trigger for further recovery, with clearance of 1.3500 barrier, near 61.8%, required to confirm. Conversely, slide under 1.3400, would weaken the structure and re-focus 1.3352. Res: 1.3465, 1.3477, 1.3490, 1.3500 Sup: 1.3430, 1.3400, 1.3370, 1.3352
GBP/USD
Yesterday�s recovery rally from fresh annual low at 1.5572, retraced daily losses and returned to the opening levels, but lacked strength to clear pivotal 1.5700 barrier, also 50% of 1.5843/1.5572. Slight improvement on hourly studies is insufficient for stronger recovery for now, as 4h structure remains negative, along with overall bearish picture that describes the latest rally as corrective and preceding fresh weakness. Slide below 1.5600/1.5572 is expected to open 1.5530, Fib 76.4% of 1.5267/1.6380 and 1.5500 next. Only clear break above 1.5700, would delay immediate bears for 1.5740/1.5780, while more significant improvement requires regain of 1.5843/77 peaks.
Res: 1.5675, 1.5688, 1.5700, 1.5740 Sup: 1.5645, 1.5600, 1.5572, 1.5545
USD/JPY
Sharp reversal from yesterday�s high at 94.40 dipped below important 93.00, Fib 61.8% of 92.17/94.45 and weakened near-term structure. Dips were so far contained by 55 day EMA at 92.80, with quick reversal above 93.00, keeping the bullish stance. However, failure to regain 93.60, yesterday�s intraday high and 50% of 94.40/92.80 slide, would risk fresh weakness that may focus key near-term support at 92.00, loss of which would be bearish. From the other side, lift above 93.60 and regain of 94.40, to bring bulls fully in play for possible retest of strong 94.45/40 barrier.
Res: 93.44, 93.60, 93.85, 94.00 Sup: 93.00, 92.80, 92.44, 92.17
USD/CHF
The pair lost traction, after failure to clear 0.9200 breakpoint, as gains stalled at 0.9213, capped by daily Ichimoku cloud base. Subsequent reversal returned to near-term range floor at 0.9150 that so far contained dip, along with 55 day EMA. Negative hourly structure keeps the downside at risk, with 4h chart indicators losing momentum. Loss of 0.9150/40, recent range floor and Fib 38.2% of 0.9020/0.9213 would revive near-term bears for test of 0.9100, while lift above 0.9200, requires regain of 0.9247, 50% of 0.9387/0.9020, to improve. Res: 0.9180, 0.9200, 0.9213, 0.9247 Sup: 0.9150, 0.9115, 0.9100, 0.9065
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Feb 14 2013, 09:35 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The Euro came under increased pressure after yesterday�s upside rejection at 1.3518, accelerating loses through 1.3428, previous highs and broken channel line and psychological 1.3400 support. With over 76.4% of 1.3352/1.3518 ascend being reversed so far, immediate focus shifts towards near-term base at 1.3352, also 50% of larger 1.2996/1.3710 upleg, below which to signal resumption of downtrend from 1.3710, towards 1.3300 and 1.3265/70 higher platform / bull-trendline off 1.2660. Negative near-term studies support the notion. Corrective rallies would face good barriers at 1.3428 and 1.3460 zone and only break here would turn focus higher. Res: 1.3400, 1.3428, 1.3465, 1.3477 Sup: 1.3370, 1.3352, 1.3300, 1.3270
GBP/USD
Cable continues to move south, approaching our next target at 1.5500. Strong bearish tone in short-term studies suggests that further extension lower is likely, as clearance of psychological 1.5500 support is expected to open 1.5489/57, Aug 2012 lows initially, with key med-term supports at 1.5267 and 1.5233, Jan / June 2012, coming in near-term focus. Possible hesitation at 1.5500 handle would be expected on oversold 1/4h conditions, with corrective rallies seen limited at 1.5630 zone.
Res: 1.5571, 1.5584, 1.5600, 1.5630 Sup: 1.5500, 1.5489, 1.5457, 1.5392
USD/JPY
Near-term price action moves in a sideways mode, with 93.00 zone protecting the downside and keeping slightly positive tone in play. Regain of initial barrier and range top at 93.76, as well as 94.00, previous high, is required confirm bullish structure and confirm higher low at 92.81, for attempt at recent peaks at 94.40/45. Conversely, slide below 93.00/92.80, would weaken near-term structure and shift focus towards key near-term support at 92.00.
Res: 93.76, 93.90, 94.00, 94.40 Sup: 93.12, 93.00, 92.80, 92.44
USD/CHF
No significant changes seen in past sessions, as the price action was entrenched between 0.9150 and 0.9213 range. Near-term tone is slightly aligned towards the upside, following attempts at range tops, however, sustained break above 0.9200 and regain of Fibonacci barrier at 0.9247, is required to confirm bullish resumption and open way for fresh extension towards 0.9300. On the downside, range floor at 0.9150 guards 0.9100. Res: 0.9218, 0.9247, 0.9300, 0.9323 Sup: 0.9165, 0.9150, 0.9115, 0.9100
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Feb 18 2013, 10:15 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The Euro remains in two-day 1.3300/1.3400 range, with near-term structure showing bears still holding control. Studies on 4h chart are in the negative territory and descending 20 day EMA limits the upside. Basing attempt at 1.3300 is evident, as Friday�s Doji signals indecision, however, prevailing negative tone, keeps the downside pressured. With 1.3300 offering initial support, series of strong supports lie just below here, with trendline (1.2660/1.2996) at 1.3285 and 1.3265, January�s higher platform. Break here is required to confirm reversal and open way towards 1.3185/70 breakpoint. On the upside, break above 1.3400, would provide relief, while only regain of 1.3500 zone, 50% of 1.3710/1.3305 would shift near-term focus higher. Res: 1.3357, 1.3374, 1.3392, 1.3411 Sup: 1.3324, 1.3305, 1.3285, 1.3265
GBP/USD
Cable remains under pressure, as price slides below 1.5500 again, following brief recovery to 1.5550, seen last Friday. Overnight�s gap-lower opening, along with negative near-term studies, keeps near-term focus at the downside, with break below Friday�s low at 1.5459, to open 1.5400 zone initially, for possible extension towards key supports at 1.5267/33, 2012 lows, seen as likely near-term scenario. Overextended 4h chart conditions, however, may delay bears, with corrective rallies seen capped at 1.5550/70 zone, Fib 38.2% / 50% of 1.5688/1.5459 descend. Only break above 1.5600, Fib 61.8%, would avert immediate downside risk and signal near-term basing attempt, confirmation of which requires regain of 1.5700 handle.
Res: 1.5497, 1.5550, 1.5571, 1.5600 Sup: 1.5459, 1.5392, 1.5320, 1.5267
USD/JPY
The pair regained strength, as near-term range floor and base at 92.00 zone, proved to be good support. Fresh rally and weekly gap-higher opening, along with break above psychological 94.00 barrier, see scope for retest of recent highs and near-term range top at 94.40/45, for resumption of broader uptrend towards the next target at 94.97, May 2010 high. Four-hour chart indicators emerged from the negative territory and see room for fresh bulls, however, gains may be delayed by overbought hourlies. Initial support lies at 93.80, 10 day EMA, ahead of session low at 93.64, where dips should be ideally contained, while only penetration of 93.20, Fib 61.8% of 92.21/94.21 and psychological 93.00 support, would sideline near-term bulls.
Res: 94.00, 94.21, 94.40, 94.45 Sup 93.83, 93.64, 93.45, 93.30
USD/CHF
The pair attempts higher to resume near-term recovery off 0.9020, after fresh strength breaks above last Thu/Fri consolidation top and Fib 61.8% of 0.9387/0.9020 descend. Next target lies at 0.9300, 76.4% retracement, above which to confirm base at 0.9020 and open next targets at 0.9381/87. With 4h 20 day EMA at 0.9220 holding the downside for now, any stronger reversal should stay above 0.9200 higher base, keep immediate bulls intact. Otherwise, break here would soften near-term tone and open 0.9150, 12/13 Feb lows. Res: 0.9256, 0.9300, 0.9323, 0.9387 Sup: 0.9233, 0.9220, 0.9200, 0.9150
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Feb 19 2013, 11:24 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The near-term price action remains in a sideways mode, moving in a bearish pennant-shape consolidation. Yesterday�s spike higher failed to reach range top and initial barrier at 1.3400, keeping the upside limited by descending 20 day EMA, with negative structure on 4h chart, holding the downside at risk. However, near-term indecision is evident, as double Doji appears on a daily chart and while 1.3300/1.3275 base / trendline support hold the downside, further consolidation is not ruled out. Resumption of underlying bear-trend requires slide below the trendline and higher base at 1.3265, for extension towards main bull trendline, drawn off 1.2042 at 1.3220 and possible test of pivotal 1.3185/70, 50% of 1.2660/1.3710 / Sep 2012 peaks. On the upside, break above 1.3400, would ease bear-pressure, however, to revive bulls and shift focus higher, regain of 1.3500 barrier and 50% of 1.3710/1.3305 is required.
Res: 1.3355, 1.3365, 1.3378, 1.3392 Sup: 1.3335, 1.3320, 1.3305, 1.3275
GBP/USD
Cable continues to trend lower, with fresh low at 1.5437 being posted yesterday, as the price failed to fill weekly-opening gap. Negative near-term studies keep the downside favored, with initial targets lying at psychological 1.5400 and 1.5390, July 2012, as broader weakness off 1.6380 peak, keeps focus at key supports and larger range floor at 1.5267/33. Overextended 4h studies do not rule out consolidative / corrective action, with initial barrier at 1.5550, seen capping for now. Only lift above 1.5600/40, Fib 38.2% / 50% of 1.5843/1.5437 downleg, would spark stronger recovery.
Res: 1.5500, 1.5550, 1.5571, 1.5600 Sup: 1.5455, 1.5437, 1.5392, 1.5320
USD/JPY
The pair remains in a near-term 92.00/94.40 range, as yesterday�s rally, despite regaining 94.00 barrier, stalled on approach to range tops at 94.40/45. Loss of 94.00 handle, weakens the hourly structure that sees room for further retracement, as 38.2% of 92.21/94.21 upleg, has been reversed so far. Next targets lie at 93.21 and 92.97, 50%v / 61.8% retracement levels, while 94.00 offers initial resistance. However, holding within the range will keep the price directionless.
Res: 93.75, 94.00, 94.21, 94.40 Sup 93.21, 93.00, 92.68, 92.21
USD/CHF
No big changes seen in the near-term price action that stays in a consolidative 0.9200/50 range, as a part of steady recovery from 0.9020 base. Overall picture remains bullish in the near-term, with regain of the next barrier at 0.9300, also 76.4% of 0.9387/0.9020 and daily Ichimoku cloud top, required to trigger stronger recovery towards key barriers and breakpoint at 0.9400 zone. Initial support at 0.9200 guards 0.9150/40, previous range floor / mid-point of recent recovery and only break here will bring bears back in play. Res: 0.9241, 0.9256, 0.9300, 0.9323 Sup: 0.9221, 0.9200, 0.9150, 0.9140
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Feb 21 2013, 10:18 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The Euro lost ground after leaving an hourly double top at 1.3433, unable to sustain gains above recent consolidative range top at 1.3400. Losses accelerated on a break below 1.3400, losing also near-term base at 1.3300 and bull trendline off 1.2660 at 1.3275, to dip to 1.3235 so far, just ahead of main bull trendline, drawn off 1.2042 at 1.3230. Consolidation above the latter is seen likely, as hourly studies are oversold, however, 4h chart studies show room for further extension lower. The notion is supported by daily indicators sliding into negative territory, with break below trendline support, seen as a trigger for fresh weakness towards strong support area at 1.3185, 50% of 1.2660/1.3710 / daily Ichimoku cloud top and 1.3170, Sep 2012 highs. Previous base at 1.3300, now acts as initial resistance and along with 1.3330, 50% of yesterday�s slide and 55 day EMA, seen capping for now. Res: 1.3270, 1.3300, 1.3330, 1.3357 Sup: 1.3235, 1.3200, 1.3185, 1.3170
GBP/USD
Cable slumped to 1.5130 after sharp sell-off was triggered on a break below 1.5400. More significant is loss of multi-year range floor at 1.5233 and monthly Ichimoku cloud base that confirm bearish breakout and commences fresh bear-phase. Immediate focus turns towards 1.5100, Fib 261.8% expansion of the extended wave from 1.6380 and psychological 1.5000 support. Corrective action on extremely stretched near-term studies, faces initial barriers at 1.5200/50 zone, with key near-term levels seen at 1.5290/1.5325, 50% / 61.8% of yesterday�s fall and only break above the latter would spark more significant recovery.
Res: 1.5200, 1.5250, 1.5290, 1.5325 Sup: 1.5130, 1.5100, 1.5050, 1.5000
USD/JPY
The pair�s near-term price action shows no significant changes, compared to the previous few sessions, moving within 93.00/94.00 range. Near-term studies hold neutral stance, while overall bulls are showing initial signals of fatigue, as daily indicators started to move lower and ADX shows bulls sidelined. However, break below 92.00 base and breakpoint is to confirm bearish reversal and conversely, lift above 94.45 to open next upside target at 95.00, May 2010 high.
Res: 93.80, 94.00, 94.21, 94.40 Sup: 93.34, 93.00, 92.68, 92.21
USD/CHF
Near-term bulls regained ground after yesterday�s brief break below 0.9200 higher base, found ground above 0.9150 breakpoint. Fresh extension through 0.9256, previous range top, so far tested our next target at 0.9300, Fib 76.4% of 0.9387/0.9020 and daily Ichimoku cloud top, where overbought hourly studies limited rally. However, fresh attempt above midlines of 4h chart indicators, suggests that extension towards key near-term barriers at 0.9381/87 is likely, with clearance of 0.9300 barrier required to confirm. Corrective easing should ideally find support at / above 0.9250 area, previous tops and Fib 38.2% of yesterday�s rally, to keep near-term bulls intact, with further easing seen not very harmful for near-term bears, as long as 0.9200 and yesterday�s low at 0.9182 hold. Res: 0.9300, 0.9323, 0.9345, 0.9381 Sup: 0.9271, 0.9254, 0.9227, 0.9210
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
WindsorBrokers |
Feb 25 2013, 10:44 AM
|
Senior Money Maker
Group: Members
Posts: 588
Dream Points: 2,990
Experience Points: 638
Joined: 9-March 10
Member No.: 88,147
|
EUR/USD
The Euro remains within near-term 1.3144/1.3243 consolidative range, with hourly studies building up momentum, following gap higher opening. The notion is supported by last Friday�s Doji that may signal basing attempt, however, break above range top at 1.3243 is seen as initial requirement, with regain of more significant 1.3300, previous base and near 50% of 1.3431/1.3144, required to confirm. Conversely, bearish continuation through 1.3144, also 90 day MA, would open 1.3100 and 1.3061, 50% of 1.2660 /1.3710 upleg. Res: 1.3243, 1.3253, 1.3287, 1.3300 Sup: 1.3174, 1.3144, 1.3100, 1.3061
GBP/USD
Cable ticks higher following last Friday�s fall from 1.5300 zone and overnight�s gap lower opening that posted fresh 1 � low at 1.5069. Technical correction is attempting to fill the overnight gap that may trigger stronger recovery, however, only break above 1.5300 zone would have more significant impact and sideline bears. Otherwise, test of psychological 1.5000 support is seen as near-term scenario, with break here to shift focus towards 1.4230, 2010 low. Weekly close at 1.5190, reinforced by 20 day EMA and 50% of 1.5315/1.5069 is seen as breakpoint.
Res: 1.5163, 1.5190, 1.5221, 1.5257 Sup: 1.5114, 1.5100, 1.5069, 1.5000
USD/JPY
The pair skyrocketed on weekly over 100 pips gap-higher opening and posted fresh 22-month high at 94.55, aiming towards near-term target at 94.97, 2010 high. Break above recent range, sees potential for fresh extension higher, as 94.00 zone offers initial support. Only filling the overnight gap and fall below Friday�s closing price, would signal false break, while key near-term support lies at 92.00 base and break here is required to bring bears in play.
Res: 94.29, 94.45, 94.55, 94.97 Sup: 94.00, 93.87, 93.66, 93.50
USD/CHF
Near-term structure shows signs of fatigue, as the price attempts below consolidation range floor at 0.9280, after failing to sustain gains above important 0.9300 barrier. Hourly structure is turning negative, while larger picture technical still maintain positive tone and would allow pullback towards 0.9240, Fib 61.8% of 0.9181/0.9332 upleg / 55 day EMA, while only loss of 0.9200 handle would increase risk of stronger reversal of near-term 0.9020/0.9332 recovery. Res: 0.9300, 0.9315, 0.9332, 0.9345 Sup: 0.9256, 0.9240, 0.9217, 0.9200
--------------------
provided by www.windsorbrokersltd.com
|
|
|
|
|
|