Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 69

New comment
 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro holds bearish momentum, as yesterday’s rally to 1.2880 barrier was short-lived. Disappointing fundamentals, released yesterday, out additional pressure on the pair, along with weak near-term technicals. Brief break below 1.2735 platform and Fib 38.2% of 1.2042/1.3170, tests channel support at 1.2720, with figure support at 1.2700, coming in focus. Further extensions lower to face support at 1.2644, daily Ichimoku cloud base / 90 day MA. Any corrective action sees 1.2800 as initial resistance, while break above 1.2865/75, channel resistance / yesterday’s high, is required to ease bear-pressure.

Res: 1.2740, 1.2775, 1.2800, 1.2825

Sup: 1.2720, 1.2700, 1.2642, 1.2606

GBP/USD

The negative near-term sentiment drives the pair lower, with initial support at 1.5950 being cracked. Yesterday’s bull- rally through 1.6000 and quick reversal to the initial levels, confirmed near-term bullish stance. Overall negative tone in the near-term studies, keeps the downside under pressure, with descending 20 day EMA limiting the upside at 1.6000 for now. Clear break below.5950 to focus 1.5900 base and range floor initially, with bearish continuation seen towards 200 day MA at 1.5847. Conversely, bounce through 1.6000, would ease immediate bear-pressure, however, only lift above 1.6040 would prevent fresh weakness in favor of stronger recovery.

Res: 1.5968, 1.6000, 1.6040, 1.6066

Sup: 1.5939, 1.5911, 1.5900, 1.5888

USD/JPY

The near-term base and Fibonacci / Ichimoku support at 79.80 zone remains under pressure, as double-failure at 80.40 and subsequent slide below 80.00 support, turn near-term tone more negative. With 4h indicators sliding into negative territory and descending EMA’s capping the upside, immediate risk is seen on a break below 79.80/75 that would trigger stronger corrective action towards 78.63, Fib 38.2% of 77.94/80.67 rally and key near-term level at 79.27, 30 Oct low / 50% retracement. Only lift above 80.40 would shift focus higher again.

Res: 80.00, 80.43, 80.55, 80.67

Sup: 79.80, 79.75, 79.63, 79.27

USD/CHF

The pair maintains near-term positive tone, resuming near-term bulls after brief consolidation. As the price breaks above yesterday’s high at 0.9470. Overall bullish structure keeps the initial upside target at 0.9500, round figure / Fib 38.2% of 0.9970/0.9213 descend in focus, with break here to open way for stronger correction through 0.9534, 90 day MA, towards 50% retracement at 0.9591. Any dips should be contained at/above 0.9400/0.9380, to keeps bulls in play. Increased downside risk would be seen on a loss of 0.9380 breakpoint, also 200 day MA.

Res: 0.9475, 0.9500, 0.9538, 0.9578

Sup: 0.9462, 0.9454, 0.9436, 0.9430

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The pair maintains bearish tone that was confirmed on a break blow 200 day MA and important 1.2800 support that confirmed daily double-top formation. Temporary base at 1.2700 zone comes under pressure, as fresh weakness erase overnight’s recovery to 1.2738. As 1.2700 has already been cracked and hourly 55 day EMA caps the upside, with hourly studies losing momentum, immediate focus comes on 1.2700/1.2689, last Friday’s low and bear-channel support. Break here to signal resumption of broader downmove from 1.3138, through 90 day MA at 1.2650, towards 50% retracement of 1.2042/1.3170 July/Sep rally at 1.2606. Alternative scenario sees further consolidation above 1.2700, with strong barrier at 1.2780/1.2800, expected to cap rallies.

Res: 1.2738, 1.2761, 1.2787, 1.2800

Sup: 1.2700, 1.2689, 1.2650, 1.2606

GBP/USD

Near-term bears resume on last Friday’s slide through 1.5950/30, last week’s consolidation range floor, with violation of important 1.5900 support, Fib 38.2% of 1.5267/1.6308 ascend / 90 day MA, keeping the downside in focus. Fresh weakness from overnight’s correction top at 1.5914, pressures last Friday’s fresh low at 1.5886, loss of which to look for test of 200 day MA at 1.5848 initially. Previous strong support at 1.5950, reinforced by 20 day EMA, offers initial resistance, however, only bounce through 1.6000, round figure / 55 day EMA, would provide relief.

Res: 1.5914, 1.5928, 1.5950, 1.5970

Sup: 1.5900, 1.5886, 1.5850, 1.5800

USD/JPY

The pair remains maintains near-term bearish tone, as pullback from 80.67, 02 Nov high dips close to psychological 79.00 support, also Fib 61.8% of 77.94/80.67 rally, where temporary base was found. Corrective bounce was so far limited by 55 day EMA that turns in the sideways mode on hourly chart, with last Friday Doji, showing indecision. Any further retracement needs to clear 80.00 barrier, Fib 61.8% of 80.67/79.06 downleg, to shift focus higher, while violation of 79.00 would signal stronger correction of 77.12/80.67 upleg.

Res: 79.55, 79.75, 80.00, 80.43

Sup: 79.30, 79.06, 79.00, 78.75

USD/CHF

Near-term bulls remain in play, as the pair approaches initial target at 0.9500 on a second attempt. Brief corrective action off last Friday’s high at 0.9497 was contained at 0.9466, by ascending 55 day EMA, with fresh bullish momentum looking for resumption of rally from 0.9213 through 0.9500, to focus 0.9528, 90 day MA and psychological 0.9600 barrier, also 50% of 0.9970/0.9213 descend. Initial support lies at 0.9466, ahead of previous strong barrier at 0.9430 zone, while only loss of 0.9400, also 200 day MA.

Res: 0.9500, 0.9528, 0.9550, 0.9591

Sup: 0.9466, 0.9450, 0.9427, 0.9400

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The pair remains under pressure as slide below 1.2700 figure, posting fresh low in European session. Overall negative picture sees 1.2606, 50% of 1.2042/1.3170 rally in near-term focus, with any bounce seen as corrective, with immediate resistance at 1.2700 and more significant 1.2738/50, yesterday’s high / Fib 38.2% of 1.2875/1.2672 descend. Only penetration through 1.2790/1.2800, would delay bears in favor of stronger correction.

Res: 1.2700, 1.2738, 1.2750, 1.2774

Sup: 1.2660, 1.2606, 1.2588, 1.2558

GBP/USD

Break below strong support at 1.5900 zone, Fibonacci support / daily Ichimoku cloud base, opens way for fresh weakness, with fresh slide approaching 200 day MA at 1.5848. Consolidative / corrective action above here is likely as 4h studies are extended, while hourly MACD shows bullish divergence. Immediate barriers lie at 1.5900/20 zone, round figure / yesterday’s high / Fib 38.2% of 1.6018/1.5857 decline, while regain of 1.5950/60 would avert immediate downside risk. On the other side, break below 200 day MA, to expose 1.5800, round figure and 1.5787, 50% of 1.5267/1.6308 rally.

Res: 1.5914, 1.5914, 1.5928, 1.5950

Sup: 1.5857, 1.5848, 1.5800, 1.5787

USD/JPY

The pair remains in a narrow consolidative range above 79.00 handle, following repeated Doji. However, the downside remains in focus, as the price action was capped by descending 20 day EMA at 79.63 and near-term studies hold negative tone. Penetration through 80.00 is required to shift focus higher, otherwise, violation of 79.00 support zone would signal fresh extension of downmove from 80.67 and expose 78.50, Fibonacci support.

Res: 79.51, 79.63, 79.75, 79.87

Sup: 79.21, 79.06, 79.00, 78.75

USD/CHF

The pair cracks our target and barrier at 0.9500, to signals continuation of uptrend from 0.9213. Sustained break here to face initial barrier at 0.9524, 90 day MA, ahead of more significant 0.9591/0.9600, 50% of 0.9970/0.9213 / round figure and next upside target. Yesterday’s higher platform at 0.9460/70 zone, along with 20 day EMA, offers initial support.

Res: 0.9504, 0.9524, 0.9550, 0.9591

Sup: 0.9489, 0.9466, 0.9450, 0.9427

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro shows a basing attempt at 1.2660, two-month low, where daily 90 day MA contained dips. Double Doji formation suggests that pause in a larger downmove from 1.3138 is likely, as the price moves above 1.2700 barrier, where yesterday’s close occurred. Improving hourly conditions are supportive, however, as the price struggles to clear 4h 20 day EMA, break of which is seen as a trigger for stronger recovery, with strong barrier at 1.2790/2800 zone. On the other side, loss of 1.2700 handle would risk retest of 1.2660 and possible resumption of downtrend towards 1.2606, 50% of 1.2042/1.3170 rally.

Res: 1.2727, 1.2740, 1.2768, 1.2787

Sup: 1.2700, 1.2670, 1.2660, 1.2606

GBP/USD

The pair remains in a sideways trading mode, holding above 1.5857, yesterday’s fresh low, where 200 day MA limited descend from 1.6174, 01 Nov peak. Upside failure to hold gains above 1.5900, sees the near-term price action entrenched within narrow range, with hourly studies in neutral mode. However, overextended 4h chart conditions, with indicators pointing higher, along with formation of morning star patter on a daily chart, could be a signal for stronger corrective action. Clearance of initial barrier at 1.5914/19, yesterday’s high / Fib 38.2% of 1.6018/1.5857, to spark stronger rally, as today’s above these levels is required to complete morning star pattern. Conversely, loss of 200 day MA, would further weaken near-term structure and open 1.5800, round figure and 1.5761, trendline support.

Res: 1.5892, 1.5900, 1.5914, 1.5919

Sup: 1.5865, 1.5857, 1.5848, 1.5800

USD/JPY

Near-term bulls came fully in play, as the pair breaks above recent range top and 200 day MA at 79.60, rallying towards 80.00, initial target and breakpoint. Near-term studies turned positive, however, hesitation at 80.00 could be seen on overbought hourly studies. Clear break here to signal higher low at 79.06 and shift focus towards the upper barriers at 79.42/55 and key resistance at 80.67, 02 Nov peak. Previous barrier at 79.60, now acts as initial support, protecting 79.00, key near-term support.

Res: 80.00, 80.43, 80.55, 80.67

Sup: 79.80, 79.60, 79.34, 79.20

USD/CHF

The pair losses traction, as repeated failure to clear 0.9500 barrier, resulted in fresh pullback. Dips so far reached 0.9450, near 23.6% of 0.9275/0.9511 rally, threatening test of more significant 0.9430, double-top and psychological / 200 day MA 0.9400 support. Hourly studies are negative, with 4h chart indicators in descending mode, suggesting that correction could extend lower. Main risk is seen on violation of 0.9400 handle that would sideline near-term bulls.

Res: 0.9473, 0.9500, 0.9511, 0.9524

Sup: 0.9450, 0.9427, 0.9400, 0.9380

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

Maintains near-term positive tone after reversal from 1.4247 high found support at 1.4020. Yesterday’s breach of 1.4218, previous high, has so far reached 1.4232, just ahead of 1.4247, 22 Mar lower top, clearance of which is required for fresh attempt at 1.4280, Nov 2010 peak and major trendline resistance. Current correction is consolidating above 1.4150, with further easing not ruled out, and higher low above 1.41 seen to maintain bulls. Loss of 1.41, however, will delay and re-expose 1.4050/20 for test.

Res: 1.4176, 1.4200, 1.4232, 1.4247

Sup: 1.4152, 1.4115, 1.4090, 1.4050

GBP/USD

Upside failure to sustain gains above strong resistance at 1.6140 has triggered sharp reversal under 1.61 to reach 1.6015, just above 1.6010 higher low. Recovery attempt is seen capped by 1.61 zone, with break here and key near-term barrier at 1.6150 to signal recovery under-way. Otherwise, fresh weakness through 1.6015/10 will re-focus 1.5942/35.

Res: 1.6083, 1.6095, 1.6127, 1.6149

Sup: 1.6015, 1.6010, 1.5978, 1.5942

USD/JPY

Reversal from 83.20, yesterday’s high, was contained at 82.55, where fresh strength has emerged. Clearance of 83.20/29 barriers and important 200 day MA at 83.62, has so far reached 83.73, just ahead of 83.96, 16 Feb high, break of which is needed to open 84.49, key short-term resistance. Positive near-term studies see scope for further gains, with 82.75/55 expected to contain corrective dips on overbought conditions, to keep immediate bulls in play

Res: 83.20, 83.29, 83.52, 83.96

Sup: 82.55, 82.35, 82.00, 81.50

USD/CHF

Correction from 0.9273 spike high exceeded 0.9138/30, 29 Mar higher low/38.2% Fibonacci retracement of 0.8900/1.9273 ascend, to find temporary support at 0.9125. Break above 0.92 barrier keeps positive near-term tone for further gains, with regain of 0.9273 required to resume short-term recovery from 0.8900, towards key short-term barrier at 0.9367. On the downside, loss of 0.9125/00 weakens the tone.

Res: 0.9215, 0.9232, 0.9273, 0.9310

Sup: 0.9185, 0.9125, 0.9089, 0.9073

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

Bears took control of the near-term outlook, as the pair failed to sustain gains above 1.2800, 200 day MA and fell sharply to 1.2735, Monday’s opening levels. The reversal, signaled by Doji candle, retraced over 50% of 1.2660/1.2828 recovery rally. Hourly indicators are deeply in the negative territory and 4h chart studies building bearish momentum that keeps near-term focus at the downside. Strong support zone lies at 1.2720/00, Fib 61.8% / tentative bull trendline off 1.2660 and daily Ichimoku cloud base, seen as next downside target. Immediate resistance stands at 1.2764, yesterday’s low, ahead of 20/55 day EMA’s at 1.2785 and key near-term barriers at 1.2800/28.

Res: 1.2764, 1.2785, 1.2800, 1.2821

Sup: 1.2734, 1.2724, 1.2713, 1.2705

GBP/USD

Corrective rally off 1.5826, 15 Nov low, was capped by daily Ichimoku cloud base at 1.5935, with subsequent dip to 1.5882, retracing 505 of initial 1.5826/1.5935 rally. This could be seen as corrective, as 4h studies still hold in the positive territory and hourly indicators start to point higher, after breaking below their midlines. However, regain of 1.5935 is required to confirm higher low and resume near-term recovery, towards 1.5959, Fib 38.2% and 1.6000, round figure / trendline resistance. On the downside, violation of 1.5868, Fib 61.8%, would put near-term bulls on hold.

Res: 1.5919, 1.5927, 1.5935, 1.5959

Sup: 1.5882, 1.5868, 1.5857, 1.5826

USD/JPY

Near-term bulls remain fully in play, as the pair resumes rally that was interrupted by 81.00/58 consolidation and breaks above our initial target at 82.00. Immediate upside target lies at 82.20, May highs and 83.32, weekly 150 day MA, to possibly open way towards psychological 83.00 barrier. However, overextended conditions on both, 1 and 4h chart, with appearance of 4h RSI /MACD bearish divergence, could limit gains in the near-term. Previous high at 81.58, offers initial support, ahead of 81.00, consolidative range floor that should contain any stronger reversal.

Res: 82.20, 82.32, 82.50, 83.00

Sup: 81.70, 81.58, 81.42, 81.09

USD/CHF

Bounce on failed attempt to break below important 0.9400 support, also 200 day MA, provides temporary relief, as the price jumps to 0.9456 so far. Retracement of over 61.8% of 0.9489/0.9390 fall, turns hourly structure positive, however, failure to regain previous high at 0.9489, would risk lower top and fresh weakness, as 4h indicators still hold in the negative territory. Break above 0.9489 to re-focus key near-term barriers at 0.9500/11, otherwise, near-term focus would shift back towards 0.9400.

Res: 0.9456, 0.9489, 0.9500, 0.9511

Sup: 0.9433, 0.9427, 0.9400, 0.9390

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro maintains near-term bulls, following last Friday’s rally to the levels near psychological 1.3000 barrier, where daily Ichimoku cloud top limited gains and weekly close above 1.2955, Fib 61.8% of 1.3138/1.2660 descend. Corrective easing, seen overnight, was contained at 1.2942, for now, however, loss of initial bullish momentum, seen on hourly chart, may signal further consolidation, before fresh attempt higher. Clearance of 1.2989, last Friday’s peak and more important 1.3000 barrier, to open way for fresh bullish extension towards the next targets at 1.3020, 25/31 Oct double-top and 1.3070, 05 Oct peak, 1.3084, tentative bear-trendline, connecting 1.3170/38 peaks. Any stronger dips need to be contained at/above 1.2900, psychological support, reinforced by ascending 20 day EMA, to keep bullish structure intact.

Res: 1.2989, 1.3000, 1.3020, 1.3070

Sup: 1.2942, 1.2913, 1.2900, 1.2874

GBP/USD

Last Friday’s strong rally through 1.6000 barrier and weekly close above here, keeps the near-term bulls off 1.5826, 15 Nov low, in play. Fresh strength so far retraced over 61.8% of 1.6174/1.5826 decline on a break below 1.6041, Fib 61.8% and 07 Nov high. Technical pullback has so far been contained by ascending 20 day EMA, above 1.6000, with fresh bulls gaining pace, as break above last Friday’s fresh peak at 1.6048, to open 1.6100 zone, round figure / Fib 76.4%. Positive structure on 4h chart, supports the notion, with any deeper dips, to be contained at 1.6000 zone, previous barrier and broken main bear-trendline.

Res: 1.6048, 1.6060, 1.6092, 1.6100

Sup: 1.6014, 1.6000, 1.5977, 1.5946

USD/JPY

The pair remains in a corrective phase, as repeated attempt at 82.00 support / 50% of 81.12/82.83 upleg, keeps near-term focus at the downside. Hourly indicators are in the negative territory, with 10 day EMA bearish crossover below 20/55 day ones and 4h indicators descending towards the midlines, see the downside favored in the near-term. Loss of 82.00 to confirm failure swing and open way towards next support at 81.58, 19 Nov high / 4h 55 day EMA, also near Fib 38.2% of 79.06/82.83 ascend. Only break above last Friday’s high at 82.61, would avert immediate downside risk.

Res: 82.37, 82.50, 82.61, 82.83

Sup: 82.05, 81.77, 81.58, 81.28

USD/CHF

Fresh bearish extension through psychological 0.9300 support and weekly close below here, keep bears in play for full retracement of 0.9213/0.9511 rally. Loss of the last support at 0.9275, confirms bearish stance. However, corrective action, preceding fresh slide, cannot be ruled out, as hourly indicators are emerging from oversold zone and more indicative for the near-term outlook, 4h studies, are overextended. Initial resistance lies at 0.9300, also overnight high, with more significant 0.9335, 22 Nov low / Fib 38.2% of 0.9456/0.9263, expected to cap any stronger bounce.

Res: 0.9300, 0.9335, 0.9355, 0.9366

Sup: 0.9275, 0.9263, 0.9237, 0.9213

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro has cracked psychological 1.3000 barrier on a spike to 1.3007, seen overnight, as a part of broader recovery from 1.2660, 13 Nov low. Positive sentiment favors the upside, as clearance of 1.3020, 25/31 Oct double-top and Fib 76.4% of 1.3137/1.2660 is required to confirm break and expose 1.3070, possibly 1.3100 on a break. Near-term structure remains positive, however, extended 4h studies warn of possible stall. Immediate support lies at 1.2942, ahead of 1.2900, round figure and more significant 1.2830 zone, loss of which would revive bears.

Res: 1.3007, 1.3020, 1.3050, 1.3070

Sup: 1.2942, 1.2913, 1.2900, 1.2874

GBP/USD

The pair maintains positive tone, holding at 1.6050, yesterday’s high, after corrective easing found footstep at 1.6000 zone and 55 day EMA. Clear break above 1.6050 is required to resume rally from 1.5920 higher base, for possible test of 1.6100, round figure / Fib 76.4% of 1.6174/1.5826 / daily Ichimoku cloud top. Failure to do so, however, would increase risk of reversal, signaled by yesterday’s Doji and signal possible double-top formation, with break below initial 1.600/1.5977 supports, required to confirm. Overbought 4h chart conditions and hourly MACD / RSI bearish divergence, support the notion.

Res: 1.6050, 1.6060, 1.6092, 1.6100

Sup: 1.6019, 1.6000, 1.5977, 1.5946

USD/JPY

Near-term bulls came back to play after the pair found ground just under psychological 82.00 support and bounce retraced nearly 50% of 82.83/81.84 downleg at 82.31. Hourly structure is gaining momentum and sees the upside favored, however, still weak tone, seen on 4h chart, requires improvement, seen on regain of 82.45, Fib 61.8% and tentative bear-trendline off 82.83 that will open way towards pivotal 82.61, yesterday’s high. Otherwise, lower top and fresh extension lower that would initially target 81.81 and 81.60 would signal further retracement of 79.06/82.83 rally.

Res: 82.31, 82.45, 82.61, 82.83

Sup: 82.20, 82.00, 81.84, 81.58

USD/CHF

The pair remains under pressure, as series of lower lows, with the latest one posted overnight at 0.9253, confirm bearish stance and focus key near-term support at 0.9213. Hourly studies show bears fully in play, while 4h studies, entering oversold zone, may signal delay, seen on possible mild corrective bounce. Initial 0.9300 barrier, reinforced by descending 20 day EMA, is expected to cap for now. On the downside, break below 0.9213, would signal an end of two-month consolidative phase and open fresh bear-leg, as a part of broader descend from 0.9970, 24 July yearly peak.

Res: 0.9280, 0.9300, 0.9335, 0.9355

Sup: 0.9253, 0.9237, 0.9213, 0.9200

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro eases after unsuccessful attempt to clear 1.3000 that proved to be tough barrier, with completion of evening star – like pattern, signaling fresh bears. Hourly studies turned negative and see immediate risk on test of important 1.2900 support, also Fib 38.2% of 1.2735/1.3007 upleg, violation of which to confirm near-term bulls are on hold in favor of deeper reversal, with 1.2870/50, 50% retracement / 55 day EMA, seen on a break. Only bounce above 1.2950 would ease immediate bear pressure.

Res: 1.2844, 1.2885, 1.3007, 1.3020

Sup: 1.2911, 1.2900, 1.2874, 1.2858

GBP/USD

Cable remains under pressure, as repeated failure at 1.6050 barrier and double Doji candlestick questions recent rally. Brief break below initial 1.6000 support and hourly indicators in the negative territory, suggest that further easing is likely, with important 1.5975 support, 50% of 1.5926/1.6055 / 22 Nov high, coming in near-term focus. Hourly Ichimoku cloud top and 20 day EMA at 1.6020, offer initial resistance and break here would shift near-term focus higher.

Res: 1.6020, 1.6032, 1.6050, 1.6092

Sup: 1.6000, 1.5992, 1.5977, 1.5956

USD/JPY

Yesterday’s recovery rejection at 82.31 and fresh slide below here, keep near-term bears in play, as the pair hits series of fresh lows, with the latest posted at 81.71, where 55 day EMA contained dip for now. Hourly studies are negative and 4h indicators attempting below the midlines that sees more potential for bearish extension towards the next supports at 81.58, previous high and 81.39, Fib 38.2% of 79.06 / 82.83 ascend. Immediate resistance lies at 82.00, reinforced by descending 20 day EMA, while yesterday’s high at 82.31, along with tentative bear-trendline off 82.83, is expected to cap rallies for now.

Res: 82.00, 82.20, 82.31, 82.45

Sup: 81.71, 81.58, 81.39, 81.00

USD/CHF

Brief recovery off yesterday’s fresh low at 0.9253, struggles to sustain gains above initial 0.9300 barrier, with daily Ichimoku cloud base at 0.9320, limiting recovery for now. However, improved hourly conditions, see potential for further corrective action, with Fibonacci resistances and 55 day EMA at 0.9330/50, seen as immediate targets on a break above 0.9320. With larger picture bears still in play, current move could be described as corrective, as long as pivotal 0.9400 barrier stays intact.

Res: 0.9323, 0.9335, 0.9350, 0.9378

Sup: 0.9300, 0.9268, 0.9253, 0.9237

 

Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

Repeated Doji candle may put question mark above near-term bulls, despite the pair regained ground after yesterday’s strong sell-off that found ground at 1.2880, strong support, 55 day EMA / Fib 38.2% of 1.2660/1.3007 ascend. Recovery rally was limited overnight at 1.2960, Fib 61.8% of 1.3007/1.2880 slide, with hourly studies holding positive tone but lacking momentum for now. Unless key 1.3000 barrier is cleared, further corrective action cannot be ruled out, with 1.2900/1.2880 supports staying in near-term focus.

Res: 1.2960, 1.2977, 1.3000, 1.3007

Sup: 1.2938, 1.2900, 1.2880, 1.2870

GBP/USD

The pair holds above important 1.6000 handle, following sharp fall to 1.5960 and subsequent quick recovery. However, 4h chart studies are weakening, with loss of bullish momentum becoming more evident, increasing risk fresh weakness seen on loss of 1.6000 and confirmation of lower top on a break below 1.5960, also Fib 76.4% of 1.5926/1.6055 that would re-focus 1.5926/17 lows and 1.5900, round figure support. Four consecutive Doji candles on a daily chart, support the notion.

Conversely, regain of 1.6050 double-top would improve near-term structure and signal possible resumption of upleg from 1.5826, 15 Nov low.

Res: 1.6021, 1.6032, 1.6055, 1.6090

Sup: 1.6000, 1.5960, 1.5926, 1.5917

USD/JPY

Recovery from 81.68, yesterday’s low, found resistance at 82.20, reinforced by bear-trendline off 82.83. with price action being congested below here during the Asian session. Positive hourly studies still keep the upside favored, however, weak 4h chart tone sees the downside vulnerable, unless 82.20, also 50% of 82.83/81.68 / 4h Ichimoku cloud top and 82.30, 27 Nov high, is cleared. Sustained break here to shift near-term focus towards the upper barrier and signal formation of higher low at 81.68, otherwise, slide below 82.00, would risk retest of 81.68 and possible stronger correction towards strong supports at 8140 and 81.00.

Res: 82.20, 82.31, 82.56, 82.83

Sup: 82.00, 81.84, 81.68, 81.40

USD/CHF

Failure to sustain gains above 0.9300/30 barrier, with recovery rally being capped by descending 55 day EMA and daily Ichimoku cloud base, triggered fresh weakness through initial 0.9300 support. Immediate focus turns towards 0.9253, 27 Nov low, with bearish extension towards key support at 0.9213, seen on a break, as hourly studies moved again in the negative territory and 4h negative conditions remaining unaffected by the recent recovery rally. Immediate support lies at 0.9300, reinforced by descending 20 day EMA, while only rally through 0.9340, correction high, would ease bear-pressure.

Res: 0.9300, 0.9323, 0.9339, 0.9350

Sup: 0.9268, 0.9253, 0.9213, 0.9200

1...626364656667686970717273747576...102
New comment