Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 66
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Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The single currency continues to move sideways during the past week, with price action being entrenched within 1.2588 and 1.2464 range. As near-term structure remains weak and repeated upside attempt failed on approach to the range top, more risk is seen towards the downside in the near-term. Violation of key near-term support at 1.2464, to signal double-top pattern., while break above the upper range boundary will trigger fresh bull leg, as a part of one-month uptrend.
Res: 1.2550, 1.2565, 1.2575, 1.2588
Sup: 1.2519, 1.2506, 1.2489, 1.2464
GBP/USD
The pair remains supported in the near-term action, as rally 1.5753 low has retraced over 61.8% of 1.5911/1.5753 downleg at 1.5854 yesterday. As the price holds above important 1.5800 handle, with 1.5850/70 resistance zone being cracked, more focus is seen towards the upside. Hourly studies keep neutral/positive mode, but overall near-term picture is still seen fragile, as long as 1.5870 stays intact, with slide below 1.5800 to be a trigger for fresh weakness towards key near-term support at 1.5753.
Res: 1.5840, 1.5854, 1.5868, 1.5900
Sup: 1.5820, 1.5800, 1.5784, 1.5775
USD/JPY
The near-term price action remains capped at the upper limits of one-week 78.27/78.83 range, with the pair moving in a sideways mode. Neutral near-term and larger picture studies see potential for more directionless movements, with break of either extreme points required to define fresh direction. On the upside, key barriers lie at 78.80, range top; 79.00, figure resistance and Ichimoku cloud base and 78.25, 200 day MA, break of which to attract further gains. Alternative scenario see violation of initial 78.44/27 supports as a trigger for retest of key short-term supports at 78.00 and 77.65.
Res: 78.80, 78.83, 78.96, 79.12
Sup: 78.59, 78.44, 78.35, 78.27
USD/CHF
Continues to consolidate the recent losses that bottomed at 0.9537, with recovery attempt being capped just under 0.9600 barrier at 50% retracement of 0.9634/0.9537 downleg and 20 day EMA. With near-term structure still weak and initial barriers at 0.9600/34 intact, the downside remains vulnerable, as larger picture bears remain in play. Slide below 0.9550/37 to spark fresh leg lower and expose 0.9500 and 0.9461, while only break above trendline resistance at 0.9700 would improve short-term structure and avert the downside risk.
Res: 0.9600, 0.9634, 0.9655, 0.9679
Sup: 0.9560, 0.9537, 0.9500, 0.9461
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Last Friday’s brief break above psychological 1.2600 barrier, also one-week consolidation range top, did not materialize, as the price slid below 1.2600 handle, being capped by 20 day daily Bollinger band at 1.2636. Weakening hourly studies keep the downside vulnerable, as loss of overnight’s low at 1.2560, may trigger further easing and expose strong support at 1.2500 zone, 30 Aug low / 55 day EMA / Fib 38.2% of 1.2254/1.2636 upleg. Regain of 1.2600, however, would turn near-term focus towards 1.2636, break of which is required to resume rally and open 1.2700.
Res: 1.2585, 1.2600, 1.2636, 1.2650
Sup: 1.2559, 1.2520, 1.2508, 1.2490
GBP/USD
Near-term price action remains in a defensive mode, following last Friday’s upside rejection at 1.5900. As hourly studies are pointing lower, immediate risk is seen on test of 1.5850, Asian session low, ahead of trendline support at 1.5800 and more significant 1.5750 higher base, loss of which to confirm double-top. Alternative scenario sees break above 1.5900/11, to trigger fresh extension higher.
Res: 1.5880, 1.5885, 1.5900, 1.5911
Sup: 1.5850, 1.5813, 1.5800, 1.5777
USD/JPY
The pair remains under pressure, following last week’s failure to regain pivotal 79.00 barrier. Fresh weakness below 78.28, now tests initial 78.15 level, ahead of strong 78.00 zone base. Overextended hourly studies do not rule out corrective bounce, but overall negative structure keeps the downside in focus, as loss of 78.00 will expose another strong support at 77.65. Only regain of 78.80/79.00 will avert immediate downside risk.
Res: 78.36, 78.44, 78.60, 78.83
Sup: 78.15, 78.00, 77.90, 77.65
USD/CHF
The pair consolidates last Friday’s descend when the price slid below near-term range floor and tested 0.9500, psychological support and 50% of 0.9041/0.9970 rally. As overall picture maintains bearish tone, no significant action to be expected as long as strong barrier at 0.9600/34 stays intact. On the downside, loss of 0.9500 to expose next supports at 0.9461 and 0.9420.
Res: 0.9559, 0.9600, 0.9615, 0.9634
Sup: 0.9538, 0.9500, 0.9461, 0.9420
Saturday candles
Hello,
i wonder if you can tell me why Saturday daily candles are now on your MT4 platform?, because as far as i'm aware the markets are closed at the Weekend - until Sunday night
i have nt fully tested the effect for long, as the Saturday candle seems to of only been there for 2 wks so far
but this is not ideal - especially with the markets being what they are, and as Daily indicators could miss interpret the sat candle,
to be honest i've already started to use FX pro instead of Windsor as it could be unwise to continue, but would prefer to use Windsor if the Saturday candle disappears again?
i assume Windsor are aware of the Saturday candle on MT4 and am wondering will it remain or be removed?
Thanks
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Maintains near-term positive sentiment, as overnight’s dips were contained above 1.2560 higher, with previous high at 1.2636 under pressure. Break higher to resume one-month rally and expose 1.2700 zone with interim barrier at 1.2646, 20 day Bollinger band. Previous barriers at 1.2600/1.2580, now offer initial support, while losing 1.2560 level would delay and signal further consolidation.
Res: 1.2626, 1.2636, 1.2650, 1.2700
Sup: 1.2600, 1.2580, 1.2559, 1.2547
GBP/USD
The near-term price action remains congested at 1.5900 zone, as lack of strength, seen on hourly studies, keeps the upside limited for now. Unless 1.5900/11 barriers are cleared that will open way towards next significant barrier at 1.6000, further sideways movements are not ruled out in the near-term. Overnight’s range floor at 1.5875 offers initial support, ahead of 1.5850 and bull trendline at 1.5820, loss of which will increase risk of deeper reversal towards key near-term support at 1.5750, 28. Aug low / Fib 38.2%.
Res: 1.5900, 1.5911, 1.5931, 1.5950
Sup: 1.5875, 1.5850, 1.5820, 1.5800
USD/JPY
More near-term positive signals are seen as bounce off 78.15 base ticks higher in attempt to clear initial 78.40/50 barrier and allow for further recovery towards 78.60 , to possibly challenge key barriers at 78.80/79.00. However, as overall picture maintains negative tone, failure to clear above mentioned barriers, will keep the downside risk in play.
Res: 78.42, 78.50, 78.60, 78.83
Sup: 78.31, 78.20, 78.15, 78.00
USD/CHF
Remain under pressure, as near-term recovery off 0.9500 ran out of steam at 0.9560, capped by descending hourly 20 day EMA. Fresh weakness brings initial support at 0.9500 in focus, with negative near-term tone, being supportive for further extension lower and test of 0.9461 and 0.9420, next downside targets. Any recovery needs to clear minimum 0.9560, to ease immediate bear-pressure.
Res: 0.9543, 0.9559, 0.9600, 0.9615
Sup: 0.9507, 0.9500, 0.9461, 0.9420
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Maintains negative tone, established yesterday, following upside rejection at 1.2626. As the upside stays sidelined for now and price dips below 1.2560 breakpoint, near-term focus turns towards initial 1.2500 figure support and more significant 1.2486, 30 Aug low, also Fib 38.2% of 1.2254/1.2636 and near-term range floor at 1.2464, 28 Aug low. Near-term studies remain supportive for further weakness. Only regain of 1.2560/80 resistance zone would avert downside risk.
Res: 1.2541, 1.2559, 1.2578, 1.2600
Sup: 1.2515, 1.2500, 1.2486, 1.2464
GBP/USD
The pair remains in a near-term defensive mode, as 1.5900 zone proves to be tough resistance, with yesterday’s repeated failure at 1.5908, triggering fresh slide towards initial 1.5950 support. Weak hourly studies see the downside favored for now, as loss of 1.5850 is to expose trendline support at 1.5820 and round figure at 1.5800. Bearish 20/55 day EMA’s crossover keeps the near-term price action under pressure, with risk of double top formation still existing and loss of 1.5750 required to confirm. Conversely, break above 1.5900 zone, would turn focus higher.
Res: 1.5870, 1.5896, 1.5908, 1.5911
Sup: 1.5850, 1.5820, 1.5800, 1.5769
USD/JPY
Near-term positive tone off 78.20 support is running out of steam, as rally was capped by 55 day EMA, just under our initial barrier at 78.60. Loss of momentum and slide to 78.30 zone, weakens the near-term structure, however, holding above the latter, also trendline support, would keep hopes for fresh attempt towards the upper barriers at 78.60 and more important 78.80/79.00. Loss of 78.30, will bring bears back in play and re-focus 78.20/00 base.
Res: 78.46, 78.55, 78.60, 78.83
Sup: 78.35, 78.20, 78.15, 78.00
USD/CHF
Near-term price action continues to trend higher, as bounce off dangerous 0.9500 zone, broke through 0.9550/60, to test round figure resistance at 0.9600, just ahead of more important double top at 0.9615. Break here is required to confirm near-term double bottom and open the next barrier and previous range top at 0.9634 that will allow for stronger retracement of0.9796/0.9500 downleg. Near-term studies maintain positive tone, however, extended hourlies do not rule out a pause in near-term rally. Previous resistances at 0.9560/50 are now reverted to initial support.
Res: 0.9600, 0.9615, 0.9634, 0.9650
Sup: 0.9574, 0.9560, 0.9550, 0.9533
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The Euro maintains positive sentiment, re-established yesterday after bouncing from the lower boundary at 1.2500. Overnight’s consolidation around 1.2600 level and fresh strength that is under way, keeps strong barrier at 1.2626/36 in focus for possible bullish breakout and extension of 5-week rally and expose 1.2680/1.2700. Near-term studies remain supportive, however, as the pair is driven by news and fundamentals, main focus is on today’s ECB’s release, leak of which has already been priced in and more focus seen on tomorrow’s US jobs data. Overnight’s base at 1.2590 offers initial support, along with 20 day EMA, while only loss of 1.2560/50 would signal further congestion.
Res: 1.2636, 1.2650, 1.2680, 1.2700
Sup: 1.2600, 1.2590, 1.2560, 1.2550
GBP/USD
Cable holds near-term positive tone, following yesterday’s bounce from trendline support at 1.5825 that resulted in break above 1.5900 resistance zone, previous top / Fib 61.8% of 1.6300/1.5267 and posting fresh 3 ½ month high at 1.5933. Yesterday’s close at 1.5900 gives additional support. However, more sideways movements on 1 and 4h chart studies, do not rule out further consolidation, before fresh push higher, as break above yesterday’s high is required to open 1.6000 barrier. Good supports lie at 1.5890/50, ahead of 1.5835, trendline support, loss of which would sideline near-term bulls.
Res: 1.5933, 1.5950, 1.5984, 1.6000
Sup: 1.5900, 1.5890, 1.5850, 1.5835
USD/JPY
The pair turned into sideways trade, moving within newly established 78.30/46 range. As the downside remains protected for now and recent gains were limited at 78.55, with flat hourly studies, no significant action to be expected in the near-term. Break of range limits at 78.00 or 78.80, is required to signal fresh direction.
Res: 78.46, 78.55, 78.60, 78.83
Sup: 78.37, 78.29, 78.20, 78.15
USD/CHF
Near-term price action remains entrenched within narrowing range, as yesterday’s upside rejection under important 0.9615/3 barriers and subsequent sharp slide, keep the downside favored. Near-term studies are in negative/neutral mode, while larger picture’s bears remain in play and favor retest of strong 0.9500 support, for possible resumption of larger downtrend from 0.9970. On the upside, break above 0.9615 and 0.9635, previous high / trendline resistance, would revive near-term bulls for possible stronger recovery.
Res: 0.9565, 0.9580, 0.9606, 0.9615
Sup: 0.9541, 0.9528, 0.9507, 0.9500
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The single currency remains in a near-term corrective mode, easing further from last Friday’s fresh high at 1.2813. Initial support at 1.2750 comes under pressure, with further extension lower on weak hourly studies, to target strong support at 1.2700, where Fib 38.2% of 1.2500/1.2813 and trendline connecting 1.2500 and 1.2558, lies. Violation of this support would signal stronger reversal. On the upside, very strong resistance zone at 1.2820/40 zone is seen as a major obstacle and break here to accelerate gains towards 1.2900/1.3000.
Res: 1.2800, 1.2813, 1.2823, 1.2832
Sup: 1.2751, 1.2739, 1.2700, 1.2656
GBP/USD
Near-term price action moves in corrective/consolidative mode, as reversal from fresh high at 1.6033 has been contained by hourly 55 day EMA at 1.5958. Regain of 1.6000 handle and improving hourly conditions, see potential for fresh attack at 1.60333, to resume the uptrend and focus 1.6060 and 1.6100. Alternative scenario sees risk of losing initial support at 1.5950 to open more important support and breakpoint at 1.5900 zone that would signal stronger reversal.
Res: 1.6017, 1.6033, 1.6050, 1.6060
Sup: 1.5981, 1.5951, 1.5930, 1.5911
USD/JPY
Trades in near-term sideways mode, moving within very narrow range, following recent test of very important 78.00 base. As the upside remains capped by descending hourly 20 day EMA and initial resistance at 78.30, with negative tone dominating on lower timeframes, not much of bounce to be expected, unless key barriers at 78.80/79.00 are regained. Penetration of 78.00 to signal fresh weakness, with break below 77.65, required to confirm the continuation of larger downtrend from 84.17.
Res: 78.32, 78.50, 78.60, 78.80
Sup: 78.17, 78.00, 77.65, 77.50
USD/CHF
The downside came under pressure again, as brief corrective action and basing attempt of 0.9430 low, was short-lived. Break below 0.9430 opens very strong support zone at 0.9420/00, reinforced by 200 day MA, below which to signal resumption of short-term downtrend from 0.9970 and focus 0.9366/33 next. Any bounce above 0.9500 would provide temporary relief.
Res: 0.9469, 0.9482, 0.9500, 0.9520
Sup: 0.9430, 0.9420, 0.9400, 0.9366
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Near-term price action seems to be running out of steam, as renewed attempt through previous high at 1.3167 and linear regression channel top failed. As the price attempts below near-term base at 1.3080 and hourly studies entering negative territory, formation of doji-star-like pattern on the daily chart would be a signal for stronger retracement of past two-week rally from 1.2500 base. Initial support lies at 1.3050, Fib 38.2% and channel support, ahead of figure support at 1.3000, also 50% retracement of 1.2854/1.3170 ascend. Loss of the latter would put immediate bulls on hold in favor of further reversal into 1.2930/00 support area. Any reversal above 1.3000, however, will keep bulls in play for possible fresh attempt towards 1.3170/1.3200.
Res: 1.3100, 1.3120, 1.3139, 1.3170
Sup: 1.3080, 1.3050, 1.3011, 1.3000
GBP/USD
The positive sentiment keeps the upside fully in focus, as the pair posted marginally fresh high at 1.6272 yesterday, en-route to our near-term target and 30 Apr swing top at 1.6300. Consolidation into 1.6230 zone is under way, with still strong momentum on overbought near-term studies, seeing scope for final push towards 1.6300. Previous higher platform at 1.6200, reinforced by 55 day EMA, underpins the action and only break here would delay bulls, in favor stronger correction.
Res: 1.6235, 1.6255, 1.6279, 1.6300
Sup: 1.6212, 1.6200, 1.6184, 1.6143
USD/JPY
Corrective rally off 77.12, 13 Sep spike low, keeps near-term bulls in play, as the price action penetrated Fib 61.8% barrier at 78.68, as well as strong resistance zone at 78.80/79.00, with 78.92 seen so far. Corrective easing found a footstep at 78.50, also Fib 23.6%, for possible fresh attack at important 79.00 zone, with lift above 79.13, daily cloud top, to signal further retracement towards the next significant barrier at 79.65. MA’s bullish crossover at 78.20, underpins the action and only break here would sideline immediate bulls.
Res: 78.80, 78.92, 79.00, 79.13
Sup: 78.48, 78.23, 78.15, 78.00
USD/CHF
The pair moves in a two-day consolidative sideways mode, holding in a narrow range, just above last Friday’s fresh low at 0.9237. Negative/neutral hourly studies suggest further consolidation, however, oversold conditions on 4h chart, do not rule out some stronger corrective action, with good resistance at 0.9340/50 zone expected to cap for now. Broader bears remain in play for fresh extension lower and test of next supports at 0.9200/0.9180.
Res: 0.9294, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Corrective easing off 1.3170 high has found temporary footstep at 1.3030 zone, channel support, however, upside action lacks momentum for clearance of 1.3080/1.3100 barriers, to avoid near-term downside risk. With hourly indicators in the negative territory, the downside remains vulnerable, as loss of initial 1.3030 and 1.3000, also 50% retracement support, would trigger extension towards important 1.2900 support, Fib 38.2% of 1.2500/1.3170 upleg / and 4h 55 day EMA. Conversely, lift above 1.3100 to re-focus upper boundaries.
Res: 1.3080, 1.3100, 1.3120, 1.3139
Sup: 1.3028, 1.3000, 1.2975, 1.2934
GBP/USD
The pair remains well supported, as the consolidative phase holds in a narrow range and just below fresh high at 1.6272. Near-term target and 30 Apr swing top at 1.6300 remains in near-term focus, as hourly studies move above their midlines. However, overbought larger picture’s conditions still see risk of stronger reversal, with loss of initial supports at 1.6220/00, required to confirm.
Res: 1.6272, 1.6300, 1.6340, 1.6400
Sup: 1.6220, 1.6200, 1.6184, 1.6150
USD/JPY
The pair extends its corrective rally from 77.12 low, as fresh gains from 78.50 higher base, penetrated through important 79.00 zone barrier. Emerging above daily Ichimoku cloud top at 79.20, the price faces immediate barrier at 79.30, 200 day MA, break of which to confirm near-term bottom and positive stance for possible extension towards 79.65, 20 Aug peak. Previous tops at 78.90 zone now offer initial support, with 4h 20 day EMA, underpinning the advance.
Res: 79.21, 79.30, 79.50, 79.65
Sup: 79.00, 78.90, 78.55, 78.23
USD/CHF
The pair continues to move in a consolidative sideways mode, with near-term price action being entrenched within a narrow range, just above last Friday’s fresh low at 0.9237. Neutral hourly studies suggest further consolidation, as 20 day EMA caps just below 0.9300 handle, with break here required to spark stronger upside action, as 4h studies are emerging from oversold zone. Regain of 0.9350/0.9400 would signal correction under way, otherwise fresh bears would threat 0.9200/0.9180, initially.
Res: 0.9295, 0.9300, 0.9311, 0.9339
Sup: 0.9258, 0.9237, 0.9200, 0.9180
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The pair continues to trend, as reversal off 1.3170 highs slides below psychological 1.3000 support and retraces nearly 76.4% of one-week rally from 1.2854, posting fresh session low at 1.2940, also 55 day EMA, on European session opening acceleration. As negative sentiment continues to dominate on near-term studies, the downside remains under pressure, with figure support and Fib 38.2% at 1.2900, seen next. Corrective action on overbought hourlies, with previous support at 1.3000, offering initial resistance, ahead of bear-trendline off 1.3170, currently at 1.3045, with 1.3080 expected to cap any stronger bounce. Only lift above 1.3100 would provide relief.
Res: 1.2992, 1.3000, 1.3045, 1.3074
Sup: 1.2950, 1.2940, 1.2914, 1.2900
GBP/USD
Cable extends its near-term downtrend to slide again below 1.6200 handle, following yesterday’s bounce that was capped at 1.6235. As near-term indicators move into negative territory, the downside remains in near-term focus. Today’s fresh dip to 1.6162, over 50% of 1.6074/1.6272 upleg, with 1.6150, Fib 61.8% and 1.6130, previous high / 55 day EMA, seen as next supports, with loss of 1.6100/1.6080 seen as a trigger for stronger retracement of larger 1.5769/1.6272 ascend. Former supports at 1.6200/35 zone are now reverted to resistances, with sustained break here to bring bulls back in play.
Res: 1.6200, 1.6220, 1.6235, 1.6265
Sup: 1.6162, 1.6150, 1.6100, 1.6080
USD/JPY
The pair lost ground following and upside rejection at important 79.20/30 resistance zone, daily cloud top / 200 day MA, as sharp two-legged reversal brings the price back to 78.00 zone, near 61.8% of initial 77.12/79.21 upleg. The downside remains exposed, as bears took control in the near-term price action, with break below 78.00 to open 77.50 and 77.12 supports for test. Yesterday’s consolidation high at 78.45, offers initial resistance, along with previous higher platform and 20/55 EMA’s bearish crossover at 78.55. Only regain of 79.00, would turn focus higher.
Res: 78.25, 78.45, 78.55, 79.00
Sup: 78.03, 77.92, 77.50, 77.12
USD/CHF
Near-term price action gets slight support on improving hourly studies, with brief break above range top and 0.9300, round figure resistance, seen as signal for stronger recovery.
As over 50% of initial 0.9416/0.9237 downleg has been retraced on the latest rally, with hourly studies gaining momentum, further recovery is seen likely. Break above 0.9348, Fib 61.8% is required to open key near-term resistance zone at 0.9400/16, 200 day MA / 13 Sep lower top, break of which to signal near-term bottom and allow for stronger recovery. However, failure under 0.9400, would increase risk of lower top and fresh slide, as larger picture remains bearish.
Res: 0.9334, 0.9353, 0.9400, 0.9416
Sup: 0.9300, 0.9260, 0.9237, 0.9200
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