Windsor Brokers - Short Term Technical Analysis for Majors (updated daily) - page 94
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
EURUSD
The Euro slumped post-Fed, with break and close below 1.2636, bull-trendline drawn off 1.2499 low, probing below near-term base at 1.26 zone. Yesterday’s bearish Outside Day, confirms bears are back in play, with daily close below 1.26 base, to signal possible full retracement of 1.2499/1.2884 ascend, as fresh weakness retraced so far 76.4% of the rally. Oversold near-term studies, however, require correction, which should, in extended mode, stay under previous strong support, now resistance, at 1.2690/1.2700 zone, where Fibonacci 61.8% of descend from 1.2769 lower top lies, reinforced by daily Kijun-sen line and daily 20SMA.
Res: 1.2763; 1.2780; 1.2800; 1.2839
Sup: 1.2725; 1.2700; 1.2663; 1.2633
GBPUSD
Yesterday’s long red candle confirms return of near-term bears back to play, as fresh acceleration lower left a double-top at 1.6180/82 and took out psychological 1.60 support and former higher low at 1.5992, on over 61.8% retracement of 1.5873/1.6182 upleg, seen so far. This sidelines near-term upside attempts, which were looking for retest of pivotal 1.6225 barrier and shifts focus back to key near-term support at 1.5873, low of 15 Oct. Oversold near-term conditions, suggest corrective action, which should be ideally capped under 1.61, Fibonacci 61.8% of entire descend from 1.6180, 28 Oct peak. Break above the latter is required to neutralize bears.
Res: 1.6015; 1.6046; 1.6071; 1.6100
Sup: 1.5962; 1.5939; 1.5900; 1.5873
USDJPY
The pair accelerated higher on fresh dollar’s strength, after completion of near-term consolidative phase and probes levels above psychological 109 barrier. Yesterday’s bullish close confirms daily bulls are fully in play for eventual test of key resistances at 110 zone. Corrective actions on overbought near-term studies, are expected before final push higher, with former high at 108.34, offering the first strong support, ahead of 107.60 higher base, reinforced by daily 20SMA and daily Kijun-sen / Tenkan-sen bull cross, where extended corrective dips should be contained.
Res: 109.22; 109.50; 109.89; 110.07
Sup: 108.73; 108.34; 108.00; 107.60
AUDUSD
The pair lost traction after yesterday’s probe above short-term range top and breakpoint at 0.89, with subsequent sharp fall, bringing the price back to the middle of 0.8641/0.8909 range. Yesterday’s bearish Outside Day could signal further weakness, which would bring range’s lower boundary in focus, in case of extension and close below 0.87 handle. Otherwise, prolonged range trading, would be likely near-term scenario.
Res: 0.8800; 0.8831; 0.8858; 0.8900
Sup: 0.8753; 0.8717; 0.8700; 0.8673
EURUSD
The Euro probes again below 1.25 support, Fibonacci 76.4% of 1.2042/1.3992 ascend / psychological support, which was dented last Friday, but the pair failed to sustain break closing above the level. Daily and weekly close in red confirms bearish stance, as confirmation of completion of 1.2500/1.2884, near term corrective phase, is required to resume larger bears for the final leg towards key longer-term support at 1.2042, July 2012 low. However, caution is still required and may keep bears on hold, in case of repeated bounce and close above 1.25 handle, which is signaled by daily RSI / MACD bullish divergence. Last Friday’s lower tops at 1.2542 and 1.2589, offer initial resistances, while 1.2630, 30 Oct lower top, marks a breakpoint, above which to neutralize bears.
Res: 1.2512; 1.2542; 1.2589; 1.2600
Sup: 1.2440; 1.2400; 1.2350; 1.2287
GBPUSD
The pair dipped towards 1.59 support, break of which is required to confirm bearish breakout, paused by double Doji and failure to clear important 1.60 level, also 50% retracement of larger 1.4812/1.7189 rally. Overall picture, however, remains bearish and favors final push towards key 1.5873, 15 Oct low, but repeated failure to clear 1.60 handle, would be a good signal of bounce, which is required to clear initial barriers at 1.6037, lower top of 30 Oct and 1.6052, 50% retracement of 1.6180/1.5923 downleg, reinforced by daily Tenkan-sen line.
Res: 1.6000; 1.6037; 1.6052; 1.6082
Sup: 1.5923; 1.5900; 1.5873; 1.5850
USDJPY
The pair remains well supported and keeps the upside focused, as weekly gap higher open approached psychological 113 barrier. Strong bullish tone on larger timeframes, with weekly and daily close in long bullish candles, supports the notion, as the rally took out Fibonacci 76.4% of larger 124.14/75.55 descend. Sustained break above 113 barrier to open 115.92/117.95 Nov/Oct 2007 highs and in extension, 120.12, Fibonacci 61.8% of 1998/2011 147.68/75.55 descend. Previous highs and strong support at 110 zone, along with broken bear-trendline, connecting 2002/2007 peaks, should ideally contain corrective dips, which are signaled by overextended near-term studies.
Res: 113.00; 113.50; 114.00; 114.50
Sup: 112.50; 112.30; 112.00; 111.50
AUDUSD
The pair came under pressure, after weekly opening occurred in gap-lower and triggered fresh weakness to 0.87 support zone, moving the price towards short-term range floor. Last Friday’s bearish Inside Day signaled fresh weakness, along with weekly close in long upper wick Doji candle, which signaled limited upside for now. Overall bearish tone keeps focus at the downside, along with fresh bears developing on lower timeframes studies. Final break below short-term range floor, to signal resumption of larger downtrend from 2011 peak at 1.1079 and look for test of its mid-point at 0.8543.
Res: 0.8759; 0.8800; 0.8850; 0.8900
Sup: 0.8700; 0.8673; 0.8641; 0.8600
EURUSD
The Euro bounces above 1.25 handle after posting fresh low at 1.2440, where temporary support was found. Overall negative tone and yesterday’s close below 1.25 level, suggest further downside after corrective action is completed, ideally under 1.2590/1.2600, 31.Oct lower top / 50% retracement of 1.2769/1.2440 downleg. On the other side, daily RSI / MACD bullish divergence signals possible stronger recovery action, which requires break above 1.2610/30 barriers, Fibonacci 38.2% of 1.2884/1.2440 descend / daily Tenkan-sen line and 30 Oct lower top, to be confirmed
Res: 1.2542; 1.2590; 1.2600; 1.2630
Sup: 1.2500; 1.2469; 1.2440; 1.2400
GBPUSD
The pair holds in near-term sideways mode, consolidating above psychological 1.59 support, which stays intact for now. Yesterday’s long-legged Doji, the third in a row, confirms near-term indecision, as the pair is still flirting with magnetic 1.60 level, also mid-point of larger 1.4812/1.7189 rally. Further consolidation is seen likely in the near-term, with breakout to signal fresh direction. Bears remain in play on larger timeframes and require clearance of temporary support at 1.5873, 15 Oct low, to resume larger descend from 1.7189. On the other side, fresh gains and close above 1.60 level, as well as lift above near-term range tops at 1.6035 zone, reinforced by 4-hour 55SMA and daily Tenkan-sen line/505 of 1.6180/1.5923, would be initial signal of higher base formation and stronger recovery.
Res: 1.6019; 1.6037; 1.6052; 1.6082
Sup: 1.5963; 1.5923; 1.5900; 1.5873
USDJPY
The pair remains well supported and extended strong rally through psychological 114 barrier, which peaked at 114.20 yesterday. Strong bullish tone of larger timeframes, keeps the upside favored, with Fibonacci 61.8% retracement of larger 147.68/75.55 descend at 120.26, coming in focus. While yesterday’s opening gap stays intact expect shallow correction before fresh push higher. Otherwise, slide below 112.30, last week’s closing level, would open way for stronger pullback, which would expose strong 110 support area.
Res: 114.00; 114.20; 114.50; 115.00
Sup: 113.26; 113.00; 112.50; 112.30
AUDUSD
The pair remains under pressure in the near-term, following weekly gap-lower opening and fresh weakness through 0.87 support zone, which extended to test short-term range floor at 0.8641. Prevailing bearish tone favors eventual break of one-month range and extension of downmove from 0.95 zone, year-to-date high. Conversely, bounce and close above yesterday’s high at 0.8760, would avert immediate downside risk and signal prolonged sideways trade.
Res: 0.8735; 0.8760; 0.8800; 0.8850
Sup: 0.8700; 0.8672; 0.8641; 0.8600
EURUSD
The Euro’s extension of near-term corrective phase from fresh two-year low at 1.2440, with yesterday’s positive close, which occurred above 1.25 handle, was short-lived. The rally probed above 1.2565, 38.2% of 1.2769/1.2440 downleg, shy of the first breakpoints at 1.2600, round-figure / daily Tenkan-sen line and 1.2630, 30 Oct lower top, before pulling back. Return below 1.25 handle, neutralizes hopes of stronger rally, which was signaled by daily RSI / MACD bullish divergence and raises downside risk, which will be confirmed by sustained break and close below 1.25 level.
Res: 1.2500; 1.2529; 1.2565; 1.2576
Sup: 1.2469; 1.2440; 1.2400; 1.2350
GBPUSD
The pair lost traction on attempt to sustain break above 1.60 handle, failing for now to capitalize on yesterday’s positive close, after repeated Dojis. Return below 1.60 level weakens near-term structure, with focus shifting towards near-term range’s floor, as overall picture remains bearish. Daily close below 1.5923, low of 03 Nov, to confirm bearish resumption towards psychological 1.59 level and key support at 1.5873, low of 15 Oct. Conversely, fresh attempts above 1.60 barrier, require break and close above 1.6052/61, daily Tenkan-sen/Kijun-sen lines, to confirm break above near-term congestion and signal stronger recovery.
Res: 1.6000; 1.6020; 1.6037; 1.6052
Sup: 1.5923; 1.5900; 1.5873; 1.5850
USDJPY
The pair remains well supported and establishes above 114 handle, following yesterday’s pullback from 114.20, which was contained above psychological 113 support. Fresh bulls continue to move the price higher, despite overbought conditions on all timeframes, with extension above 115 barrier, expected to further accelerate gains. The pair focuses 118.00, Fibonacci 261.8% projection, ahead of more significant 120.26, Fibonacci 61.8% retracement of larger 147.68/75.55 descend, in the near-term, as bullish acceleration on a break above long-term bear-trendline, connecting 135.16 and 124.14, 2002/ 2007 peaks, sees scope for further retracement of multi-year 147.68/75.55 descend.
Res: 115.00; 115.48; 116.00; 116.50
Sup: 114.00; 113.50; 113.20; 113.00
AUDUSD
Near-term price action comes under pressure after upside attempts failed to extend gains and fill Monday’s opening gap, as rally stalled at week’s high at 0.8760. Return below 0.87 handle, brings downside risk towards short-term congestion lows at 0.8641 in play, for eventual break lower and resumption of larger downtrend. Overall bears favor scenario. Only return and break above session highs, would sideline immediate bears, while break and close above 0.88 barrier is required to shift near-term focus higher.
Res: 0.8700; 0.8730; 0.8760; 0.8775
Sup: 0.8676; 0.8641; 0.8600; 0.8543
EURUSD
The Euro enters near-term sideways mode following an upside rejection at 1.2576 and subsequent easing, which ended in yesterday’s close in red, but so far not making stronger impact on near-term price action, as fresh low at 1.2440, stays intact for now. Fresh bounce above 1.25 handle, signals that immediate downside risk is on hold. However, near-term tone remains negative, which suggests further consolidation, before fresh attempt lower, as overall picture is bearish. Daily 10EMA, which so far capped rallies, offers good resistance at 1.2571, with potential break here, expected to open breakpoints 1.2600, daily Tenkan-sen line and 1.2630, lower top of 30 Oct. Only break of the latter would neutralize risk of retesting 1.2440 and resumption of larger downtrend on a break.
Res: 1.2528; 1.2576; 1.2600; 1.2630
Sup: 1.2493; 1.2470; 1.2456; 1.2440
GBPUSD
The pair returned to 1.60 zone, after spike lower, which cracked key 1.5873 support, proved to be false break. Yesterday’s red candle with long lower wick, signals further hesitation for sustained break below 1.5900, weekly cloud base and 1.5873, 15 Oct low as magnetic 1.60 level continues to attract. Overall tone remains negative, with hourly studies being in neutral mode. On the upside, range tops / daily Tenkan-sen line and 50% of 1.6180/1.5867 downleg at 1.6025, offer strong resistance, with break and close above, to avert immediate downside risk, as short-term price action has established within 1.5870/1.6180 range. Otherwise, fresh attempts lower and close below 1.5867, would signal an eventual resumption of the downtrend from 1.7189, July 2014 peak, for test of 1.5750, June 2013 high and 1.5720, Fibonacci 61.8% of 1.4812/1.7189 ascend.
Res: 1.6000; 1.6025; 1.6037; 1.6052
Sup: 1.5953; 1.5923; 1.5900; 1.5867
USDJPY
The pair remains bullish overall, with fresh rally above psychological 115 barrier, posting new seven-year high at 115.50. Subsequent quick reversal, which found temporary footstep at 114 handle, could be seen as corrective action on strongly overbought 4-hour / daily studies. Overall bullish picture continues to focus the upside, with break above 115.50, to look for 117.95, Oct 2007 high and 120.26, Fibonacci 61.8% retracement of larger 147.68/75.55 descend, in extension. However, weakened hourly technicals cannot rule out further easing, with loss of 114 handle to signal stronger pullback towards 113.16 higher base and Fibonacci 23.6% of 105.18/115.49 upleg.
Res: 114.83; 115.00; 115.50; 116.00
Sup: 114.00; 113.50; 113.16; 113.00
AUDUSD
The pair eventually ended short-term consolidation, with break below the range floor at 0.8641, triggering fresh weakness through 0.8600 handle, to come ticks away from its next target at 0.8543, 50% retracement of 0.6007/1.1079 ascend. Yesterday’s close in red and below psychological 0.86 barrier, confirms negative scenario. Former range floor at 0.8641 now offers strong resistance and should ideally cap corrective rallies on oversold near-term studies. Potential break and close above here would delay bears. Key near-term barriers and breakpoints lay at 0.8760 lower platform / highs of the week and 0.8800 psychological barrier.
Res: 0.8641; 0.8673; 0.8700; 0.8730
Sup: 0.8600; 0.8551; 0.8543; 0.8500
EURUSD
The Euro recovered part of its last week losses, after finding footstep at 1.2357, last Friday’s low. Subsequent bounce, triggered by weaker than expected US jobs data, approaches 1.25 barrier, formed base, also near Fibonacci 61.8% retracement of 1.2576/1.2357 descend. Sentiment remains negative overall and favors fresh weakness after completing corrective phase, as the pair closed in red for the third consecutive week. Initial barrier lies at 1.2532 lower top of 6 Nov, reinforced by daily 10SMA. Close above here would sideline bears for test of 1.2576 breakpoint, 04 Nov lower top.
Res: 1.2500; 1.2532; 1.2565; 1.2576
Sup: 1.2450; 1.2410; 1.2395; 1.2357
GBPUSD
The pair corrects recent losses, off 1.60 lower top, which found ground at 1.5788 for now. Last Friday’s positive close signals near-term corrective phase, however, overall picture remains bearish. Probe above 1.59 barrier, could signal further recovery, in case of close above, however, while key near–term hurdles at 1.6000, psychological resistance / daily Kijun-sen line and 1.6020 lower platform stay intact, lower top formation and fresh weakness scenario, will remain favored.
Res: 1.5919; 1.5953; 1.6000; 1.6020
Sup: 1.5870; 1.5840; 1.5814; 1.5788
USDJPY
Corrective easing from fresh highs at 115.50 zone, attacks114 support, following Friday’s negative close. Near-term studies are south-heading and suggest further easing, with the notion being supported by overbought larger timeframes studies and reversing daily indicators. Sustained break below 114 handle, to open 113.15/00 support zone, higher low of 04 Nov / Fibonacci 38.2% of 108.78/115.56 upleg, below which, last week’s low 112.56, offers next strong support. Key supports lay at 110 zone, previous highs and 109.50, broken long-term bear-trendline, connecting 2002/2007 peaks, loss of which to signal major reversal.
Res: 114.40; 115.00; 115.50; 116.00
Sup: 113.71; 113.15; 113.00; 112.56
AUDUSD
The pair bounces off fresh low at 0.8539 and attacks double-Fibonacci barrier at 0.8680 zone, 38.2% of 0.8909/0.8539 descend and 61.8% retracement of 0.8760/0.8539 downleg. Friday’s bullish Outside Day, could be a signal of stronger bounce, in case the price breaks above 0.8760 lower platform and breakpoint, as daily MACD bullish divergence supports the notion. Otherwise, expect lower top formation and fresh weakness, in case of failure at 0.8760 barrier.
Res: 0.8680; 0.8700; 0.8760; 0.8800
Sup: 0.8620; 0.8600; 0.8565; 0.8539
EURUSD
The Euro returns to 1.25 zone, previous highs, reinforced by descending daily 10SMA, where yesterday’s rally stalled on repeated attempt higher. Sustained break and close above here is needed to confirm bulls, which are establishing on 4-hour chart, for further recovery towards next pivotal barriers at 1.2532 and 1.2576. Daily RSI/MACD bullish divergence supports the notion. Conversely, extended congestion could be expected on repeated rejection at 1.25 resistance, with 1.24 zone marking the downside breakpoint, loss of which will be bearish.
Res: 1.2500; 1.2532; 1.2565; 1.2576
Sup: 1.2452; 1.2438; 1.2411; 1.2393
GBPUSD
Cable is gaining strength after eventual break above 1.59 handle followed yesterday’s rally from 1.5833 trough and so far reached 1.5940, Fibonacci 38.2% of 1.6180/1.5788 descend. Bullish hourly and bulls entering play on 4-hour chart, support further upside, which was signaled by yesterday’s bullish Outside Day. Also, Daily RSI/MACD bullish divergence supports further gains. Psychological 1.60 level, reinforced by daily 20SMA, offers next significant resistance, on the way to the breakpoint at 1.6020 zone, lower platform Fibonacci 61.8% retracement. Only loss of 1.5833, hourly higher base, would neutralize bulls.
Res: 1.5953; 1.6000; 1.6020; 1.6085
Sup: 1.5900; 1.5875; 1.5833; 1.5800
USDJPY
The pair consolidates fresh gains which took out previous peaks at 115.50 zone and probed above psychological 116 barrier. Pullback was so far contained at 115 zone, also mid- point of 113.84/116.09 upleg, with further easing allowed to 114.70, Fibonacci 61.8%, before fresh attempt higher. Overall bullish structure favors further upside, with near-term targets laying at 117.95, Oct 2007 high and 120.12, Fibonacci 61.8% of long-term 147.68/75.55 descend. Only loss of pivotal 114 support would put bulls on hold.
Res: 116.00; 116.21; 116.62; 117.00
Sup: 115.00; 114.62; 114.25; 113.84
AUDUSD
The pair resumes recovery off 0.8539 low after eventually taking out strong 0.8680 barrier and extending above psychological 0.87 level. Fresh bulls off 0.8589 higher low, approach 50% retracement of 0.8909/0.8539 descend and are looking for test of pivotal 0.8760 lower platform and Fibonacci 61.8% retracement, above which to confirm near-term bottom. Yesterday’s bullish Outside Day, as well as daily MACD bullish divergence, support the notion. Initial supports lay at 0.8680/65, with stronger pullback required to hold above 0.86 handle, to keep bulls in play.
Res: 0.8717; 0.8760; 0.8800; 0.8850
Sup: 0.8680; 0.8665; 0.8650; 0.8607
EURUSD
The Euro trades in triangular consolidation, with near-term tone in neutral mode and the pair lacking direction. The price moves within 1.24/1.25 range, as repeated attempts higher were capped at 1.25 zone, reinforced by 4-hour 55SMA. Also, failure to clear descending daily 10SMA, keeps the downside at risk and limits upside attempts. Break above initial 1.25 barrier to open breakpoints at 1.2532/76, clearance of which is required to establish near-term bulls. Otherwise, easing below 1.2400/1.2390 support, is expected to bring bears back to play, for retest of 1.2357 low and resume larger downtrend on a break lower.
Res: 1.2488; 1.2500; 1.2532; 1.2576
Sup: 1.2417; 1.2392; 1.2357; 1.2300
GBPUSD
Cable turned bearish in near-term picture, after yesterday’s extension of corrective rally from 1.5788 was rejected at 1.5940 and subsequent sharp reversal dipped below previous low at 1.5788. Yesterday’s close in long red candle shows strong downside pressure after unsuccessful attempt to return to pivotal 1.6000/20 barrier. Resumption of larger downtrend bring short-term targets at 1.5750, June 2013 high and 1.5720, Fibonacci 61.8% of larger 1.4812/1.7189 ascend in play
Res: 1.5788; 1.5833; 1.5870; 1.5900
Sup: 1.5750; 1.5720; 1.5700; 1.5675
USDJPY
The pair trades in extended consolidative phase under fresh high at 116.09, posted on 11 Nov. Pullback was so far contained at 115 zone, also 50% of 113.84/116.09 upleg. Overall bullish structure favors further upside, with extension above 116.09 to open near-term targets at 117.95, Oct 2007 high and 120.12, Fibonacci 61.8% of long-term 147.68/75.55 descend. Alternative scenario requires easing below pivotal 114 support, to sideline bulls for stronger correction.
Res: 115.87; 116.09; 116.21; 116.62
Sup: 115.41; 115.00; 114.88; 114.62
AUDUSD
The pair continues to trade in near-term uptrend from 0.8539 low of 07 Nov, with 0.8743 high being reached so far, on attempts through 0.8725/30, daily 20SMA / Kijun-sen line and 50% retracement of 0.8909/0.8539 descend. Consolidative action is expected to precede fresh attempt higher and attack at pivotal 0.8760 lower platform / near Fibonacci 61.8% retracement, clearance of which to possibly open key 0.89 resistance zone. Current consolidation floor and Fibonacci 38.2% of 0.8539/0.8743 upleg at 0.8660 should ideally hold, to prevent deeper pullback towards 0.8641, 50% and 0.8617, 61.8%. Extension below 0.8600/0.8590, to bring bears fully in play.
Res: 0.8760; 0.8800; 0.8822; 0.8850
Sup: 0.8700; 0.8665; 0.8641; 0.8617
EURUSD
The Euro remains supported in the near-term, as last Friday’s acceleration left higher base at 1.24 zone and cracked pivotal 1.2576 barrier. Sustained break here and 1.2590, bear-trendline off 1.2884, 5 Oct daily lower top, is required to confirm near-term bottom at 1.2357 and open way for further recovery. Positive daily and weekly closes, along with existing daily RSI/MACD bullish divergence support the notion. Daily Kijun-sen line and 50% retracement of 1.2884/1.2357 downleg at 1.2621, marks immediate resistance, ahead of 1.27 zone, daily cloud base and next pivotal barrier at 1.2763/69, 28/29 Oct lower tops. Corrective actions cracked 1.2500/1.2490 support zone, previous consolidation tops and near 50% of 1.2397/1.2576 upleg, signaling deeper pullback, which should be contained above 1.24 base.
Res: 1.2520; 1.2545; 1.2576; 1.2590
Sup: 1.2480; 1.2465; 1.2425; 1.2400
GBPUSD
Cable maintains negative tone after last week’s acceleration broke and closed below 1.5720, Fibonacci 61.8% retracement of larger 1.4812/1.7189 ascend. Fresh weakness probed levels below 1.56 handle, where temporary support was found. Subsequent bounce, signaled by Friday’s Hammer, suggests corrective action, ahead of fresh weakness, which targets 1.5385/75, 100% expansion of the third wave from 1.6522 / Fibonacci 76.4% of 1.4812/1.7189 ascend. Corrective rally was for now limited at 1.5734, keeping the next strong barrier at 1.58 zone, Fibonacci 61.8% of 1.5939/1.5591 / daily Tenkan-sen line, out of reach, for now.
Res: 1.5670; 1.5700; 1.5734; 1.5765
Sup: 1.5618; 1.5600; 1.5590; 1.5550
USDJPY
The pair corrects fresh strength which cracked psychological 117 barrier. Pullback was so far contained at 115.44, 50% of 113.84/117.03 upleg, with fresh attempts higher expected to follow, as bulls remain firmly in play on all timeframes. Sustained break above 117 barrier to open targets at 117.95, Oct 2007 peak and 120, psychological barrier, also Fibonacci 61.8% retracement of multi-year 147.68/75.55 descend. Near-term structure would weaken more significantly in case dips violate 115 zone, Fibonacci 61.8% / higher low of 12 Nov, which marks the last strong support on the way to pivotal 114 support zone.
Res: 116.00; 116.30; 116.81; 117.03
Sup: 115.44; 115.06; 114.88; 114.62
AUDUSD
The pair holds positive tone and hit levels close to psychological 0.88 barrier, after eventual break above pivotal 0.8760 lower platform. Last Friday’s positive close, with daily candle’s longer lower shadow, signaling fresh bulls, as weekly close also occurred in green. Sustained break above 0.88 barrier to resume bulls and look for the next strong barrier at pivotal 0.89 zone, lower platform. Corrective actions should find good support at 0.87 zone, Fibonacci 38.2% of 0.8539/0.8794 rally, with extended easing expected to be contained above 0.8646 higher low, to keep near-term up-trend from 0.8639 intact.
Res: 0.8794; 0.8822; 0.8850; 0.8880
Sup: 0.8744; 0.8700; 0.8670; 0.8650
EURUSD
The Euro failed to sustain Friday’s gains and clear pivotal 1.2576/93 barriers, 04 Nov lower top / bear-trendline off 1.2884 and reversed back to 1.2420 zone, Fibonacci 76.4% retracement of 1.2397/1.2576 rally. Near-term technicals weakened on a pullback, however, 4-hour cloud base, which contained dips, keeps near-term price action supported for now, guarding key supports at 1.2415, bull-trendline off 1.2357 low and1.24 zone higher base. Bounce through 1.25 barrier, previous range tops and 50% of 1.2576/1.2442 downleg, is required to bring near-term bulls back to play, for renewed attempt higher. On the other side, larger picture bears were reinforced by yesterday’s long red candle and keep the downside at risk. Violation of 1.2440 to open 1.2400 base, below which would signal an end of corrective phase from 1.2357, 07 Nov low.
Res: 1.2480; 1.2506; 1.2525; 1.2546
Sup: 1.2442; 1.2415; 1.2400; 1.2357
GBPUSD
Cable trades in near-term consolidative phase off 1.5591, 14 Nov fresh low, which was so far capped by descending 4-hour 20EMA at 1.5734. Weak near-term studies do not see much of an upside potential for now, as yesterday’s close in red, with long upper shadow of daily candle, neutralized Friday’s Hammer reversal signals. Further consolidative action is expected to precede fresh leg lower, which is expected to target 1.5375, Fibonacci 76.4% of 1.4812/1.7189 ascend. Alternative scenario requires extension above 1.58 barrier, Fibonacci 61.8% of 1.5939/1.5591 descend, to delay downside attempts. Key resistance and breakpoint lies at 1.5940 lower platform.
Res: 1.5690; 1.5734; 1.5765; 1.5805
Sup: 1.5618; 1.5591; 1.5550; 1.5500
USDJPY
The pair trades in consolidative phase off fresh high at 117.03, which was signaled by yesterday’s Doji. Hourly studies regained traction, as bounce from pullback’s low at 115.44, where hourly double-bottom was left, retraced over 76.4% of 117.03/115.44 reversal and created a higher base at 116.40. This supports fresh attempts at 117.03 barrier, to resume larger uptrend towards next targets at 117.95, Oct 2007 peak and 120, psychological barrier, also Fibonacci 61.8% retracement of multi-year 147.68/75.55 descend. However, prolonged consolidative action should be anticipated, ahead of Japan Government’s news announcement, with 116.40/00, offering good supports. Only loss of 115.44/00 support zone, would revive near-term bears.
Res: 116.77; 117.03; 117.50; 117.95
Sup: 116.40; 116.00; 115.44; 115.00
AUDUSD
The pair reversed from fresh recovery high, just under psychological 0.88 barrier and found support at 0.87 zone, also 38.2% retracement of 0.8539/0.8794 corrective rally. Near-term structure remains positive, as pullback was contained above bull-trendline, drawn off 0.8539 low, with daily RSI/MACD bullish divergence, supporting fresh attempts higher. However, yesterday’s close in red warns of recovery attempt stall, as the price failed to close above cracked pivotal barrier at 0.8760. Break and close below 0.87 handle, also trendline support, would confirm reversal and expose next pivot at 0.8646, 14 Nov higher low.
Res: 0.8762; 0.8794; 0.8822; 0.8850
Sup: 0.8693; 0.8666; 0.8646; 0.8636