Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 26
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Windsor Brokers - Short Term Technical Analysis for Majors (10:30 GMT)
EUR/USD
Break through 1.3696/36 key near-term supports and reversal of more than 38.2% of 1.2586/1.4280 upleg, now increases risk of further weakness. Hourly studies are negative but oversold, with correction on oversold conditions developing. 1.3820 is expected to cap for now. Below today's low at 1.3572, to open 1.3504, possibly 1.3434, 61.8% retracement.
Res: 1.3823, 1.3854, 1.3876, 1.3914
Sup: 1.3714, 1.3670, 1.3636, 1.3620
GBP/USD
Recovery attempt from 1.5951 stalled at 1.6180, leaving a lower top, ahead of fresh decline. Current attempt through 1.6010, trendline support, would turn immediate focus on 1.5951, break of which would expose 1.5897, 61.8% retracement of 1.5651/1.6180 upleg. Rejection above 1.5951, however, would keep hope of fresh strength, though clearance of 1.6148/80 is required to confirm.
Res: 1.6080, 1.6100, 1.6132, 1.6148
Sup: 1.5974, 1.5960, 1.5951, 1.5898
USD/JPY
Eases back after the latest strength off 80.52 stalled at 82.78. This is seen corrective while 81.54 holds, with higher low expected to precede fresh push higher. Clearance 82.79 is needed to resume recovery phase from 80.24/52 and open 83.06/73, 61.8% of 85.89/80.24 downleg. Loss of 81.55, however, would weaken the structure.
Res: 82.78, 83.06, 83.73, 83.98
Sup: 81.50, 81.25, 81.05, 80.52
USD/CHF
Continues to further retrace the recent 0.9969/0.9546 downleg, as 0.9640/68, trendline support/ higher low, supports the advance. Break above 0.9785 to expose 0.9806, 61.8% next, where a lower top may emerge, ahead of fresh weakness. Above0.9806/20, however, would focus 0.9969.
Res: 0.9785, 0.9806, 0.9820, 0.9903
Sup: 0.9668, 0.9626, 0.9604, 0.9585
Windsor Brokers - Short Term Technical Analysis for Majors (10:30 GMT)
EUR/USD
Fall from 1.4280 has so far retraced over 38.2% of 1.2643/1.4280 upleg at 1.3572, just above 1.3553, 55 day MA, where a temporary support was found. Bounce higher is for now limited by 1.3748/75 and break here to signal fresh recovery. However, further consolidation within 1.3572/1.3775 is not ruled out, ahead of renewed weakness, as short term outlook remains bearish. Downside loss of 1.3572 would open 1.3388/64.
Res: 1.3685, 1.3748, 1.3775, 1.3823
Sup: 1.3592, 1.3572, 1.3553, 1.3505
GBP/USD
Recovery off 1.5951 remains intact while 1.5985 higher low holds. However, break through 1.6178/83 lower ceiling is required to signal fresh gains and open 1.6297/1.6311, 04 Nov high/trendline resistance. Loss of 1.5985 delays immediate bulls, while below 1.5951 would allow for stronger correction and expose 1.5897, 61.8% of 1.5651/1.6297 upleg.
Res: 1.6153, 1.6183, 1.6297, 1.6311
Sup: 1.6025, 1.5985, 1.5951, 1.5897
USD/JPY
Extends recovery from 80.52, after reversal from 82.79 left a higher low at 81.64, with fresh strength now approaching 83.08, 50% retracement of 85.92/80.24 decline. Near term studies remain supportive and break above the latter to focus 83.74/97, 61.8%/05 Oct high. Downside, 81.64 offers key near term support and expected to contain corrective dips.
Res: 83.08, 83.74, 83.97, 84.08
Sup: 82.32, 81.97, 81.64, 81.50
USD/CHF
Broke above 0.9822, 03 Nov previous high, to extend recovery off 0.9546 to 0.9861, retracing nearly 76.4% of 0.9969/0.9546 decline. Hourly studies are still supportive and further stretch into 0.9900 zone is likely if 0.9868/80, 76.4%/60 day MA is cleared. Downside, 0.9668/55 is expected to hold dips.
Res: 0.9868, 0.9880, 0.9903, 0.9969
Sup: 0.9761, 0.9721, 0.9668, 0.9655
Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)
EUR/USD
Has further extended weakness off 1.4280 peak, to probe 50% retracement of 1.2643/1.4280 upleg, reaching 1.3446 so far. Break below 60 day MA at 1.3477 confirms negative short term outlook and favors further weakness towards 1.3380, possibly 1.3272, 61.8% level, on a break. Pullback should be limited by 1.3640/65 zone and potential break here to signal recovery, though, clearance of 1.3800 is needed to confirm.
Res: 1.3570, 1.3640, 1.3665, 1.3685
Sup: 1.3446, 1.3400, 1.3380, 1.3332
GBP/USD
Failure to break above 1.6180 has left a lower top ahead of fresh weakness. Break through 1.5951, previous low, has cleared 1.5899, 61.8% of 1.5651/1.6180 upleg, to reach 1.5838 low so far. Negative hourly studies see scope for further decline towards 1.5804, 76.4% retracement, with possible return to 1.5651 higher base. Corrective pullbacks on oversold conditions are for now seen limited by 1.5985.
Res: 1.5951, 1.5985, 1.6025, 1.6050
Sup: 1.5838, 1.5804, 1.5761, 1.5729
USD/JPY
Succession of fresh highs on recovery from 80.24 base, and break through 82.97, 60 day MA, sees scope for further gains. Next targets lay at 83.73/97, 61.8% of 85.92/80.24 decline/05 Nov high, while 82.70 underpins the advance.
Res: 83.58, 83.73, 83.97, 84.08
Sup: 83.00, 82.83, 82.70, 82.32
USD/CHF
Strong rally emerged from narrow consolidation on 15/16 Nov, briefly broke above 0.9969, 01 Nov previous high, setting scope for fresh gains towards 1.0044, 50% retracement of 1.0625/0.9461 downleg. Corrective pullbacks on overbought conditions should be limited by 0.9869/27, to keep immediate bulls in play.
Res: 0.9974, 1.0015, 1.0044, 1.0075
Sup: 0.9869, 0.9827, 0.9795, 0.9761
Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)
EUR/USD
Bounces off 1.3446 low, after retracing 50% of 1.2643/1.4280 upleg. Immediate resistance at 1.3654 has been tripped, with 1.3763/75, 38.2% retracement of 1.4280/1.3446 / 12 Nov high, along with 1.3836, 20 day MA, expected to limit correction, ahead of fresh weakness. Loss of 1.3446 would attract fresh losses and expose 1.3380/32 next. However, break above 1.3836 would signal the end of the near-term corrective phase.
Res: 1.3666, 1.3685, 1.3750, 1.3763
Sup: 1.3574, 1.3512, 1.3446, 1.3380
GBP/USD
Correction of the latest 1.6183/1.5838 decline attempts through 1.5950/85, recent range bottom, and 1.5994, 20 day MA, to open way for stronger reversal. However, negative tone will dominate as long as 1.6183 remains intact and rejection below here would signal lower top and fresh weakness, with break below 1.5838 needed to continue the near-term downtrend from 1.6296/1.6183.
Res: 1.5985, 1.5994, 1.6025, 1.6050
Sup: 1.5885, 1.5838, 1.5804, 1.5761
USD/JPY
Maintains positive tone off 80.24 yearly low, after break through 82.20, descending channel off 94.97 and 60 day MA at 83.00. Market has so far reached 83.58, just under 83.70, 23.6% retracement of 94.97/83.24 downleg, with minor consolidation under way. While 83.00/82.70 zone holds, immediate scope is seen for fresh push higher and above 84.58 to target 83.85/97. Loss of 82.70, however, would allow stronger correction, with 81.68/64, 20 day MA / 12 Nov low, expected to contain dips, to keep near-term bulls in play.
Res: 83.58, 83.70, 83.85, 83.97
Sup: 83.00, 82.83, 82.70, 82.32
USD/CHF
The recent strength off 0.9546 higher low, stalled at 0.9974, just under psychological parity level, also 23.6% retracement of 1.1730/0.9461 downmove, ahead of pullback. Near-term outlook sees risk for further reversal, as first support at 0.9880 has been tripped, with higher low above 0.9760 needed to keep immediate bulls in play. Upside clearance of 0.9974/1.0000 would spark fresh strength, with 1.0044, 50% retracement of 1.0625/0.9461 downleg, possibly 1.0183, 17 Sep high/61.8% retracement.
Res: 0.9974, 1.0000, 1.0044, 1.0075
Sup: 0.9827, 0.9795, 0.9760, 0.9721
Windsor Brokers - Short Term Technical Analysis for Majors (10:30 GMT)
EUR/USD
Retraces over 38.2% of the latest1.4280/1.3446 downleg, also briefly breaking through 1.3775, 12 Nov high. Near-term studies remain supportive for further upside, with 1.3820/30 zone seen next, ahead of 1.3862, 50% retracement, and 1.3960/72, 61.8%/09 Nov high, where a lower top is expected, before fresh weakness. Loss of 1.3446 to trigger stronger correction, though, short-term bulls would remain intact while trendline off 1.1875 at 1.3204 and 200 day MA at 1.3137 hold.
Res: 1.3784, 1.3830, 1.3862, 1.3960
Sup: 1.3722, 1.3706, 1.3629, 1.3607
GBP/USD
Maintains near-term uptrend off 1.5838, after an upside failure at 1.6093 and sharp reversal that followed, found support at 1.5934, ahead of fresh strength. Immediate resistance now lies at 1.6065/93, main trendline off 1.6297/previous peak, break of which is required to continue recovery and expose 1.6185. Break here is needed to open way for retest of 16297, 2010 high, while failure risks return to weakness and exposes 1.5845 first and then key supports at 1.5878/38, trendline off 1.5295/16 Nov higher low.
Res: 1.6093, 1.6123, 1.6152, 1.6185
Sup: 1.5945, 1.5934, 1.5878, 1.5838
USD/JPY
Recovery from 80.24 has so far retraced 61.8% of 85.92/80.24 downleg, followed by current narrow consolidation. The recent break above key trendline resistance and 60 day MA, sees scope for fresh strength and above 83.77 to expose 83.97, then 85.38/92. Corrective dips should be contained by 81.94/64, 20 day MA/12 Nov low, to keep immediate bulls in play.
Res: 83.55, 83.70, 83.97, 85.38
Sup: 83.00, 82.83, 82.70, 82.32
USD/CHF
Undergoes near-term consolidation/correction following recent double failure just under parity level, also 23.6% retracement of 1.1730/0.9461 downmove. Immediate support lies at 0.9853, the recent range bottom, with possible extension to 0.9827/0.9775, where a higher low is anticipated, ahead of fresh push higher. Break through 1.0000 to expose 1.0044, 50% retracement of 1.0625/0.9461 downleg, possibly 1.0183, 17 Sep high/61.8% retracement. Downside, loss of 0.9720, 61.8%, 0.9546/0.9996 upleg, however, weakens the structure.
Res: 0.9974, 1.0000, 1.0044, 1.0075
Sup: 0.9853, 0.9824, 0.9795, 0.9775
Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)
EUR/USD
Failure to break above 38.2% of 1.4280/1.3446 decline has triggered sharp reversal through 60 day MA at 1.3553, to 1.3525, 76.4% retracement of 1.3446/1.3784 upleg. This now increases risk of return to 1.3446, break of which would confirm lower top and signal fresh weakness towards 1.3381/32, possibly the main trendline support at 1.3210. However, fresh strength above 1.3446 would suggest higher low, but regain of 1.3784 is needed to resume near-term recovery.
Res: 1.3632, 1.3661, 1.3709, 1.3784
Sup: 1.3525, 1.3459, 1.3446, 1.3381
GBP/USD
Undergoes near-term consolidation following the double upside failure near 1.61 level. Hourly structure is negative, though, holding above 1.5885/38, trendline support off 1.5295/16 Nov low, keeps retest of 1.6083/93 peaks in play, with sustained break here needed to continue recovery from 1.5838 and expose 1.6120, 61.8% of 1.6297/1.5838 decline. Loss of 1.5838 would open way for further retracement of 1.5651/1.6297 ascend and open 1.5805, 76.4%, next.
Res: 1.5965, 1.6013, 1.6083, 1.6093
Sup: 1.5890, 1.5866, 1.5838, 1.5805
USD/JPY
Attempts to break above the recent 83.00/77 consolidation range, to continue short-term recovery off 80.24, 01 Nov annual low. Sustained break above 83.74/77 is required to open 84.56, 76.4%, ahead of 85.38, 24 Sep peak, and possible retest of 85.92, 17 Sep lower high. Downside, loss of 83.00, would allow stronger pullback into 82.00 support zone.
Res: 83.83, 83.97, 84.56, 85.38
Sup: 83.20, 83.00, 82.79, 82.32
USD/CHF
Trades within consolidative range, following the recent failure to break above psychological 1.00 level. 0.9853/40, range bottom/60 day MA, offer immediate support, ahead of 0.9824/0.9770, 38.2%/50% of 0.9546/0.9996 upleg, before leaving a higher low for fresh attempt higher. Loss of 0.9718, 61.8%, would increase risk of return back to 0.9546, 05 Nov higher low.
Res: 0.9974, 1.0000, 1.0044, 1.0075
Sup: 0.9853, 0.9824, 0.9770, 0.9718
Windsor Brokers - Short Term Technical Analysis for Majors (10:50 GMT)
EUR/USD
Continues to trend lower off 1.4280 peak, extending losses to 1.3283, ahead of key 1.3263, trendline support and 1.3230, 61.8% of 1.2576/1.4280. Next comes 200 day MA at 1.3233. Corrective attempts are seen capped by 1.3420/46, and only break here to ease bear pressure.
Res: 1.3360, 1.3420, 1.3446, 1.3507
Sup: 1.3283, 1.3263, 1.3230, 1.3133
GBP/USD
Dipped to 1.5740 to test 90 day MA, currently at 1.5749, ahead of recovery attempt. This is seen corrective, with lower top ahead of fresh weakness, favored for now. Break below 1.5740 to target 1.5649, key near-term support. Upside, regain of 1.5950/65 would ease bear pressure and re-expose 1.61 zone.
Res: 1.5837, 1.5897, 1.5934, 1.5965
Sup: 1.5740, 1.5729, 1.5689, 1.5649
USD/JPY
Corrected lower after hitting 83.83 high, to find support at 82.72, ahead of fresh strength. The focus is now at the recent consolidative range ceiling at 83.77/83, break of which is required to resume short-term recovery off 80.24.
Res: 83.77, 83.83, 83.97, 84.35
Sup: 83.17, 82.92, 82.72, 82.46
USD/CHF
The latest strength from 0.9847 finally broke above 1.0000, the recent consolidative band, to suggest further gains towards 1.0044, 50% of 1.0638/0.9461 downleg initially, with possible extension to 1.0183, 61.8%, on a break. Downside, 0.9942 offers immediate support, while loss of 0.9847 weakens the structure.
Res: 1.0044, 1.0075, 1.0116, 1.0183
Sup: 0.9942, 0.9930, 0.9908, 0.9871
Windsor Brokers - Short Term Technical Analysis for Majors (10:00 GMT)
EUR/USD
Fresh weakness under previous low at 1.3383 probes through trendline support, connecting 1.1875/1.2643 low. Break here will focus 61.8% retracement of 1.2586/1.4280 at 1.3234 and key 200 days MA, currently at 1.3131. Overextended hourly conditions suggest correction, with 1.3386 expected to cap.
Res: 1.3283, 1.3360, 1.3386, 1.3420
Sup: 1.3185, 1.3133, 1.3160, 1.3131
GBP/USD
Extends decline from 1.6093/83 lower tops, testing 1.5677, 61.8% of 1.5295/1.6297 upleg, with break here to focus key short term support at 1.5649. Potential corrective attempts are seen limited by 1.59 zone.
Res: 1.5793, 1.5836, 1.5873, 1.5900
Sup: 1.5649, 1.5602, 1.5536, 1.5500
USD/JPY
Maintains positive tone from 80.24, yearly low, with the latest strength off 82.72 higher low, breaking through 83.83, range ceiling and opening way for further gains towards 84.35 next. Immediate support lies at 83.51/18, while only loss of 82.72 would weaken the structure.
Res: 83.97, 84.35, 84.58, 85.35
Sup: 83.51, 83.33, 83.18, 82.92
USD/CHF
The latest strength from 0.9847/96 cleared 1.0000, consolidative range upper limit, to open way for fresh gains towards 1.0044, 50% of 1.0638/0.9461 downleg initially, with possible extension to 1.0183, 61.8%, on a break. Downside, 0.9982/72 offers immediate support, while loss of 0.9847 delays.
Res: 1.0044, 1.0075, 1.0116, 1.0183
Sup: 0.9972, 0.9942, 0.9930, 0.9896