Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 9
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Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Correction off 1.2142, 19 May yearly low, stalled at 1.2671, just above 50% retracement of 1.3093/1.2142 downleg on Friday, ahead of reversal. Losses of 1.2469/55 support zone and break of trendline support, confirmed weakness that is currently breaking through 1.2228 support. This now opens 1.2142/34, 19 May low / 50% retracement of the long-term 0.8225/1.6039 ascend. Immediate cap now stands at 1.2415.
Res: 1.2479, 1.2527, 1.2597, 1.2671
Sup: 1.2200, 1.2142, 1.2134, 1.2115
GBP/USD
Upside rejection at 1.4527 seen yesterday, may signal the end of the corrective phase off the recent 1.4230/50 lows. The recent break under 1.4351 support sparks further weakness, currently breaking through 1.4300, to attempt at 1.4230 and lower, to reach fresh yearly lows. Only regain of 1.4527 will improve the outlook.
Res: 1.4422, 1.4462, 1.4500, 1.4527
Sup: 1.4250, 1.4230, 1.4200, 1.4155
USD/JPY
Is attempting to complete a 3 day negative continuation formation, as recovery off 88.95 failed at 90.60 yesterday. This may signal a fresh decline to 89.21/88.95 ahead of 88.35, trendline off Nov 2009 low. Potential break here risks a significant medium-term weakness. Only break above 90.31/60 would neutralize immediate bears.
Res: 90.31, 90.60, 90.93, 91.53
Sup: 89.53, 89.21, 88.95, 88.35
USD/CHF
Structure remains solid as the market climbs to challenge a long-term falling trendline at 1.1785. Current push above last weeks 1.1584 high now opening up 1.1675/1.1725, with 1.1641 been reached so far. Only below 1.1449/17 would risk a stronger correction towards 1.1266.
Res: 1.1641, 1.1675, 1.1700, 1.1725
Sup: 1.1550, 1.1511, 1.1449, 1.1417
Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)
EUR/USD
Correction off 1.2142, 19 May yearly low, stalled at 1.2671, just above 50% retracement of 1.3093/1.2142 downleg on Friday, ahead of reversal. Losses of 1.2469/55 support zone and break of trendline support, confirmed weakness that is currently breaking through 1.2228 support. This now opens 1.2142/34, 19 May low / 50% retracement of the long-term 0.8225/1.6039 ascend. Immediate cap now stands at 1.2415.
Res: 1.2479, 1.2527, 1.2597, 1.2671
Sup: 1.2200, 1.2142, 1.2134, 1.2115
GBP/USD
Upside rejection at 1.4527 seen yesterday, may signal the end of the corrective phase off the recent 1.4230/50 lows. The recent break under 1.4351 support sparks further weakness, currently breaking through 1.4300, to attempt at 1.4230 and lower, to reach fresh yearly lows. Only regain of 1.4527 will improve the outlook.
Res: 1.4422, 1.4462, 1.4500, 1.4527
Sup: 1.4250, 1.4230, 1.4200, 1.4155
USD/JPY
Is attempting to complete a 3 day negative continuation formation, as recovery off 88.95 failed at 90.60 yesterday. This may signal a fresh decline to 89.21/88.95 ahead of 88.35, trendline off Nov 2009 low. Potential break here risks a significant medium-term weakness. Only break above 90.31/60 would neutralize immediate bears.
Res: 90.31, 90.60, 90.93, 91.53
Sup: 89.53, 89.21, 88.95, 88.35
USD/CHF
Structure remains solid as the market climbs to challenge a long-term falling trendline at 1.1785. Current push above last weeks 1.1584 high now opening up 1.1675/1.1725, with 1.1641 been reached so far. Only below 1.1449/17 would risk a stronger correction towards 1.1266.
Res: 1.1641, 1.1675, 1.1700, 1.1725
Sup: 1.1550, 1.1511, 1.1449, 1.1417
Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Continues to trend lower, following an upside rejection of the recovery attempt off 1.2142, at 1.2671 on 21 May. Break of series of supports and the latest fall under 1.2200 level, now exposes 1.2142/34 19 May low / 50% retracement of the long-term 0.8225/1.6039 ascend. 1.2415 caps for now.
Res: 1.2295, 1.2323, 1.2355, 1.2415
Sup: 1.2142, 1.2134, 1.2115, 1.2100
GBP/USD
Upside rejection at 1.4527 seen yesterday, may signal the end of the corrective phase off the recent 1.4230/50 lows. The recent break under 1.4351 support sparked fresh weakness, reaching 1.4257 so far. Corrective bounce is now under way, ahead of fresh attempt at 1.4230 and lower, to create fresh yearly lows. Only regain of 1.4527 will improve the outlook.
Res: 1.4422, 1.4462, 1.4500, 1.4527
Sup: 1.4250, 1.4230, 1.4200, 1.4155
USD/JPY
Completed a 3 day negative continuation formation that now signals a fresh decline to 89.21/88.95 ahead of 88.35, trendline off Nov 2009 low. Potential break here risks a significant medium-term weakness. Only break above 90.31/60 would neutralize immediate bears.
Res: 89.92, 90.31, 90.60, 90.93
Sup: 89.21, 88.95, 88.35, 87.95
USD/CHF
Structure remains solid as the market climbs to challenge a long-term falling trendline at 1.1785. Current push above last weeks 1.1584 high now has cleared 1.1675, opening way towards 1.1785, key trendline resistance. 1.1550 offers initial support and break below here would delay bulls.
Res: 1.1700, 1.1725, 1.1742, 1.1785
Sup: 1.1580, 1.1550, 1.1511, 1.1449
Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Dipped under 1.2176 to reach 1.2153 low yesterday, ahead of fresh recovery attempt. Structure, however, remains negative while 1.2342/86 caps and lower top below the latter would signal fresh weakness, to target 1.2142/34 zone. Break above 1.2386 would delay for 1.2415/45 initially.
Res: 1.2386, 1.2415, 1.2445, 1.2480
Sup: 1.2153, 1.2142, 1.2134, 1.2100
GBP/USD
A corrective phase from 1.4230 yearly low remains supported by 1.4257 higher low but break above 1.4546 is needed to stage recovery towards 1.4639, 14 May high/near 50% retracement of 1.5052/1.4230 decline. Failure under 1.4546, however, delays.
Res: 1.4546, 1.4604, 1.4639, 1.4702
Sup: 1.4365, 1.4329, 1.4304, 1.4257
USD/JPY
Corrective attempt from 88.95 stalled at 90.66 yesterday, with the latest bounce off 89.21 attempting to leave a lower top, ahead of fresh weakness. Break below 89.45, trendline support, opens 88.95, ahead of key trendline drawn off 84.80, at 88.35. Break above 90.66/93 delays immediate bears and open way for stronger recovery.
Res: 90.66, 90.77, 90.93, 91.06
Sup: 89.75, 89.45, 89.21, 88.95
USD/CHF
Corrects lower after reaching a series of yearly highs, with 1.1694 reached so far. Positive structure remains intact while 1.1511 spike low holds, and fresh gains through 1.1694 to target 1.1785 trendline resistance. Below 1.1511, however, allows stronger pullback and opens 1.1449 instead.
Res: 1.1622, 1.1694, 1.1725, 1.1742
Sup: 1.1511, 1.1449, 1.1417, 1.1402
Windsor Brokers - Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Dipped under 1.2176 to reach 1.2153 low yesterday, ahead of fresh recovery attempt. Structure, however, remains negative while 1.2342/86 caps and lower top below the latter would signal fresh weakness, to target 1.2142/34 zone. Break above 1.2386 would delay for 1.2415/45 initially.
Res: 1.2386, 1.2415, 1.2445, 1.2480
Sup: 1.2153, 1.2142, 1.2134, 1.2100
GBP/USD
A corrective phase from 1.4230 yearly low remains supported by 1.4257 higher low but break above 1.4546 is needed to stage recovery towards 1.4639, 14 May high/near 50% retracement of 1.5052/1.4230 decline. Failure under 1.4546, however, delays.
Res: 1.4546, 1.4604, 1.4639, 1.4702
Sup: 1.4365, 1.4329, 1.4304, 1.4257
USD/JPY
Corrective attempt from 88.95 stalled at 90.66 yesterday, with the latest bounce off 89.21 attempting to leave a lower top, ahead of fresh weakness. Break below 89.45, trendline support, opens 88.95, ahead of key trendline drawn off 84.80, at 88.35. Break above 90.66/93 delays immediate bears and open way for stronger recovery.
Res: 90.66, 90.77, 90.93, 91.06
Sup: 89.75, 89.45, 89.21, 88.95
USD/CHF
Corrects lower after reaching a series of yearly highs, with 1.1694 reached so far. Positive structure remains intact while 1.1511 spike low holds, and fresh gains through 1.1694 to target 1.1785 trendline resistance. Below 1.1511, however, allows stronger pullback and opens 1.1449 instead.
Res: 1.1622, 1.1694, 1.1725, 1.1742
Sup: 1.1511, 1.1449, 1.1417, 1.1402