Short Term Technical Analysis for Majors

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Undergoes consolidation mode following yesterday’s upside rejection at 1.3156, just under 1.3186, trendline resistance. Correction has reached 1.3018 low and this now marks an initial support, as triangle is forming. Upside break will open 1.3156 for retest and above here to expose 1.3186/1.3227. Loss of 1.3020, however, would warn of fresh weakness and risk 1.2975/50 instead.


Res: 1.3095, 1.3120, 1.3156, 1.3186
Sup: 1.3020, 1.2975, 1.2955, 1.2920

GBP/USD

Extends correction off 1.5728, 17 Sep high, breaking below 1.5535/11, 16/20 Sep lows/50%retracement of 1.5295/1.5728 upleg. This opens way for further retracement, and opens 1.5461, 61.8% level.


Res: 1.5595, 1.5621, 1.5652, 1.5684
Sup: 1.5480, 1.5461, 1.5449, 1.5389

USD/JPY

Moving lower off congestive tops at 85.90 zone, with break below yesterday’s spike low at 85.50 exposing risk towards 85.21. Loss of the latter would weaken the structure, while regain of 85.80/92 will hint fresh gains and expose 86.38 next.

Res: 85.80, 85.92, 86.38, 86.89
Sup: 85.21, 85.00, 84.72, 84.50

USD/CHF

Continues to trend lower following reversal off 1.0181, and upside rejection at 1.0116, with more than 61.8% being retraced so far, at 1.0019. This confirms a negative near-term structure for retest of 0.9998/31. Only regain of 1.0116 would ease the bear pressure.

Res: 1.0073, 1.0086, 1.0116, 1.0149
Sup: 0.9998, 0.9965, 0.9931, 0.9916

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:30 GMT)

EUR/USD

Fresh strength has emerged from a 3-day bull pennant, en-route to 1.3332, key resistance level. Break here open way for a continuation of short-term uptrend off 1.1875 and expose 1.3365, 03 May, possibly 1.3417/22, 27/22 Apr highs. Downside, 1.3156 should contain corrective dips.

Res: 1.3332, 1.3365, 1.3417, 1.3422
Sup: 1.3250, 1.3232, 1.3200, 1.3156

GBP/USD

Yesterday’s downside rejection at 1.5502 has triggered a fresh rally, to nearly fully retrace the latest 1.5728/1.5502 downleg. Clearance of 1.5728 is needed to resume correction off 1.5295 higher low and expose 1.5820 next. Failure under 1.5728, however, risks lower top and fresh weakness towards 1.5502.


Res: 1.5728, 1.5760, 1.5820, 1.5860
Sup: 1.5600, 1.5585, 1.5569, 1.5535

USD/JPY
Continues to move lower after completing the latest 82.86/85.92 ascend, with market’s renewed attempt at 84.72 now under way. Loss of the latter will focus 84.48/36 next, with retest of 82.86 not ruled out. Upside, reclaim of 85.92 would signal fresh strength.

Res: 85.17, 85.51, 85.80, 85.92
Sup: 84.72, 84.48, 84.36, 84.05

USD/CHF

Has fully retraced the latest 0.9931/1.0181 upleg, with favored break below 0.9931 to open key medium-term pivot at 0.9916. Break here will confirm the long-term bear flag and open 0.9870 next. Upside, 0.9980/1.0014 offers immediate cap.

Res: 0.9980, 1.0014, 1.0060, 1.0073
Sup: 0.9931, 0.9916, 0.9887, 0.9870

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:30 GMT)

EUR/USD

Break through key pivotal resistance at 1.3332 today has sparked fresh gains through 1.3417/22, April highs, to reach 1.3438 so far. Market now looks for test of 1.3510/23, 50% of 1.5144/1.1875 decline/20 Apr high. Overextended hourly conditions warn of possible correction, with 1.3266/32 offering initial support.

Res: 1.3438, 1.3510, 1.3523, 1.3545
Sup: 1.3300, 1.3266, 1.3250, 1.3232

GBP/USD

Rally off yesterday’s 1.5502 low failed at 1.5714, just under key 1.5728 resistance, increasing risk of lower high and fresh weakness that will re-expose 1.5502. Break above 1.5728 will confirm higher low and signal a continuation of near-term uptrend from 1.5295.

Res: 1.5714, 1.5728, 1.5760, 1.5820
Sup: 1.5600, 1.5585, 1.5569, 1.5535

USD/JPY

Continues to move lower after completing the latest 82.86/85.92 ascend, with today’s break below 84.72/48 supports, now looking for test of 84.05, possibly 82.86 on a break.
Upside, 85.20 offers immediate cap.

Res: 85.20, 85.51, 85.80, 85.92
Sup: 84.36, 84.05, 83.75, 83.34

USD/CHF

Today's break below 0.9916, 2009 low, posted 26 Nov, sparked fresh weakness. Bears look for test of 0.9785, ahead of possible return to the 0.9630 all-time low. Only regain of 0.9983, today’s high, would offer relief and open 1.0075 instead.

Res: 0.9926, 0.9933, 0.9980, 1.0014
Sup: 0.9808, 0.9800, 0.9785, 0.9700

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:40 GMT)

EUR/USD

Break through key pivotal resistance at 1.3332 today has sparked fresh gains through 1.3417/22, April highs, to reach 1.3438 so far. Market now looks for test of 1.3510/23, 50% of 1.5144/1.1875 decline/20 Apr high. 1.3266/32 zone supports the advance.

Res: 1.3419, 1.3438, 1.3510, 1.3523
Sup: 1.3350, 1.3300, 1.3266, 1.3232

GBP/USD

Rally off 1.5502 low failed at 1.5714, just under key 1.5728 resistance, increasing risk of lower high and fresh weakness that will re-expose 1.5502. Break above 1.5728 will confirm higher low and signal a continuation of near-term uptrend from 1.5295.

Res: 1.5685, 1.5714, 1.5728, 1.5760
Sup: 1.5600, 1.5585, 1.5569, 1.5535

USD/JPY

Extended reversal after completing the latest 82.86/85.92 ascend, breaking below 84.72/48 supports, and looking for test of 84.05, possibly 82.86 on a break.
Upside, 85.20 offers immediate cap.

Res: 84.76, 85.00, 85.20, 85.51
Sup: 84.26, 84.05, 83.75, 83.34

USD/CHF

Reversal off 1.0181 broke below 0.9916, 2009 low, posted 26 Nov, extending weakness to 0.9836 so far. Bears look for test of 0.9785, ahead of possible return to the 0.9630 all-time low. Upside, 0.9931, now reverted to resistance, is expected to cap.

Res: 0.9900, 0.9931, 0.9980, 1.0014
Sup: 0.9836, 0.9808, 0.9800, 0.9785

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:10 GMT)

EUR/USD

Corrects lower following the recent surge through 1.3332 resistance that peaked at 1.3438 on 22 Sep. Market has so far retraced 38.2% of 1.3028/1.3438 upleg at 1.3285, with further consolidation seen preceding the fresh strength towards 1.3510, 50% of 1.5144/1.1875 downleg and 1.3523, 20 Apr high. Downside, 1.3285/32 zone offers immediate support.

Res: 1.3363, 1.3379, 1.3419, 1.3438
Sup: 1.3285, 1.3266, 1.3232, 1.3185

GBP/USD

Correction off 1.5295, 07 Sep low, has seen renewed attempt at 1.5728, 61.8% retracement of 1.5997/1.5295 downleg, with 1.5740 seen so far, but failed to sustain gains. Break above the latter is required to resume near-term gains and expose 1.5822, 11 Aug high, next. Downside, 1.5610/03 offers support and potential break here to allow stronger reversal towards 1.5503.

Res: 1.5714, 1.5728, 1.5740, 1.5760
Sup: 1.5640, 1.5610, 1.5603, 1.5585

USD/JPY

Bounced strongly off 84.25, 22/23 Sep double dip, to reach 85.38, ahead of reversal. The upside rejection warns of possible return to 84.49/25, break of which would resume the near-term downtrend off 85.92. Upside, regain of 85.38 improves the tone for 85.92 retest.

Res: 85.38, 85.64, 85.80, 85.92
Sup: 84.49, 84.25, 84.05, 83.75

USD/CHF

Continues to trend lower, following reversal off 1.0181, with break below 0.9916, 2009 low, extending losses to 0.9803 so far. Minor correction from here is nearly over and break through 0.9803 to expose 0.9875, Mar 2008 lows net, with possible test of 0.9630, all-time low, not ruled out. Upside, 0.9880/98 caps for now.

Res: 0.9880, 0.9898, 0.9931, 0.9980
Sup: 0.9803, 0.9785, 0.9700, 0.9630

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Maintains positive structure after completing an hourly bull flag and breaking above 1.3438, 22 Sep previous high. Market has so far reached 1.3493, just under 1.3510 target, 50% of 1.5144/1.1875. Clearance of the latter to expose 1.3523/85 zone next. Downside, 1.3402/1.3368 supports, while loss of 1.3285 would delay.

Res: 1.3494, 1.3510, 1.3523, 1.3586
Sup: 1.3435, 1.3402, 1.3368, 1.3304

GBP/USD

Broke higher on Friday to test 76.4% retracement of 1.5997/1.5285 downleg. Sustained break here will open 1.5860 first, with possible retest of 1.5997, 06/09 Aug highs, not ruled out. Initial support lies at 1.5740/28, while break below 1.57 zone delays.

Res: 1.5842, 1.5860, 1.5910, 1.5997
Sup: 1.5805, 1.5771, 1.5740, 1.5728

USD/JPY

Maintains negative near-term tone off 85.92, with renewed attempt higher failure leaving a lower high at 85.38. Break below 84.10/03, 24 Sep low/61.8% retracement of 82.86/85.92 upleg, is needed to trigger fresh weakness and open way for possible retest of 82.86. Upside, 85.38 caps for now and only break here to firm the near-term tone.

Res: 84.75, 84.90, 85.21, 85.38
Sup: 84.10, 84.03, 83.75, 83.60

USD/CHF

Continues to trend lower, following reversal off 1.0181. Break below 0.9916, 2009 low, and 0.9803, 23 Sep previous low, has so far reached 0.9777, looking for test of all-time low of 0.9630, near-term. Upside, 0.9880/98 caps for now.

Res: 0.9880, 0.9898, 0.9931, 0.9980
Sup: 0.9809, 0.9777, 0.9700, 0.9630

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:50 GMT)

EUR/USD

Yesterday’s attempt towards 1.3510, 50% retracement of 1.5144/1.1875, reached 1.3504, ahead of pullback. This is seen corrective while 1.3285 level holds, with break through 1.3510 to open 1.3520/83, Apr highs. Below 1.3285 delays immediate bulls and allows for stronger correction.

Res: 1.3470, 1.3494, 1.3504, 1.3510
Sup: 1.3368, 1.3355, 1.3304, 1.3285

GBP/USD

Broke higher on Friday to test 76.4% retracement of 1.5997/1.5285 downleg. Sustained break here will open 1.5860 first, with possible retest of 1.5997, 06/09 Aug highs, not ruled out. Initial support lies at 1.5740/28, while break below 1.57 zone delays.

Res: 1.5842, 1.5865, 1.5910, 1.5997
Sup: 1.5771, 1.5740, 1.5728, 1.5697

USD/JPY

Undergoes near-term consolidation following reversal off 85.92 and 85.38 lower top. Hourly structure remains negative, and break below 84.03, 61.8% retracement of 82.86/85.92 upleg to open way for possible retest of 82.86. Immediate cap lies at 84.46, while clearance of 85.38 firms tone

Res: 84.46, 84.75, 84.90, 85.21
Sup: 84.10, 84.03, 83.75, 83.60

USD/CHF

Continues to trend lower, following reversal off 1.0181. Break below 0.9916, 2009 low, and 0.9803, 23 Sep previous low, have so far reached 0.9777. Consolidation is now underway and while 0.9880/98 caps, scope remains for extension towards 0.9700, possibly 0.9630.

Res: 0.9880, 0.9898, 0.9931, 0.9980
Sup: 0.9809, 0.9777, 0.9700, 0.9630

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:15 GMT)

EUR/USD
Clearance of 1.3510 barrier yesterday has triggered a continuation of the short-term uptrend, with today’s lift above 1.3600, now looking for test of 1.3690, 12 Apr high. Hourly studies, however, are approaching overbought zone, warning of correction. Previous high at 1.3504, now reverted to support, offers immediate support.

Res: 1.3637, 1.3690, 1.3730, 1.3741
Sup: 1.3554, 1.3520, 1.3504, 1.3493

GBP/USD

Yesterday’s upside rejection at 1.5894 has triggered sharp reversal into 1.5700 zone, ahead of recovery attempt. While 1.5894 hold, scope is seen for a stronger correction and below 1.5717, yesterday’s low, to confirm lower top at 1.5894. Above 1.5894, however, would bring 1.5997 in focus.

Res: 1.5873, 1.5894, 1.5910, 1.5997
Sup: 1.5780, 1.5740, 1.5728, 1.5717

USD/JPY

Continues to further retrace the latest 82.86/85.92 upleg, after yesterday’s break below 84.10 former low tested 83.55, 76.4% retracement level. This would attract 82.86 for retest, while 84.07/33 zone caps for now.

Res: 84.07, 84.33, 84.46, 84.75
Sup: 83.49, 83.34, 83.20, 82.86

USD/CHF

Yesterday’s sharp fall off 0.9876 has ended the narrow consolidation period, extending decline off 1.0181 lower top to fresh low at 0.9732 today. Market now looks for test of the all-time low at 0.9630. Upside, 0.9876/98 zone is now seen as key near-term resistance.

Res: 0.9777, 0.9815, 0.9844, 0.9876
Sup: 0.9700, 0.9630, 0.9600, 0.9575

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:15 GMT)

EUR/USD

Extended gains to 1.3645 yesterday, ahead of easing. This has found support just ahead of 1.3554, 28 Sep low, where fresh strength has emerged. Clearance of 1.3645 to expose key 1.3690 barrier, break of which may open 1.3800 zone near-term. Downside, 1.3558/54 underpins advance and potential break lower would trigger a stronger correction to 1.3504.

Res: 1.3645, 1.3690, 1.3730, 1.3741
Sup: 1.3554, 1.3520, 1.3504, 1.3493

GBP/USD

Trades within 1.5849/1.5717 range, following the upside rejection at 1.5849. Fresh strength has cleared 1.5873, yesterdays’s high, and break above 1.5894 needed to resume gains for possible retest of key 1.5997 resistance. Failure to sustain gains, however, risks a lower top under 1.5997. Downside, 1.5717 is now key near-term support.

Res: 1.5894, 1.5910, 1.5997, 1.6027
Sup: 1.5809, 1.5775, 1.5761, 1.5740

USD/JPY

Maintains negative tone from 85.92/38, 17 Sep high/24 Sep lower high, with yesterday’s break below 83.55, 76.4% retracement of 82.86/85.92 upleg, now looking for retest of 82.86, year-to-day low. Potential break here to open way for further weakness and expose 81.77, May 1995 low. Upside, 83.80 expected to cap.

Res: 83.49, 83.80, 84.07, 84.33
Sup: 82.86, 82.30, 81.77, 81.31

USD/CHF

Continues to trend lower following an reversal from 1.0181, 17 Sep high. Market has far reached 0.9732, with 0.9700 and 0.9630, all-time low, now in sight. Upside, 0.9813/76, 29/28 Sep highs, now expected to hold any corrective attempts and only break above the latter would delay bears and allow stronger correction.

Res: 0.9792, 0.9813, 0.9844, 0.9876
Sup: 0.9732, 0.9700, 0.9630, 0.9600

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:45 GMT)

EUR/USD

Clearance of 1.3690 pivot and positive studies open further upside, with 1.3800/16, 161.8% Fibonacci extension of 1.3332/1.2586 downleg/ March high, seen next. Downside, 1.3571/58 expected to hold corrective dips and possible break here to delay bulls.

Res: 1.3730, 1.3741, 1.3780, 1.3800
Sup: 1.3602, 1.3571, 1.3555, 1.3520

GBP/USD

Upside rejection at 1.5921 has triggered sharp reversal through 1.5761/17 supports, to reach 1.5668, ahead of current bounce. This is seen corrective while 1.5921 remains intact and risks lower top for fresh weakness for retest of 1.5610/02 zone. Only above 1.5921 firms for 1.5997.

Res: 1.5824, 1.5873, 1.5894, 1.5921
Sup: 1.5702, 1.5668, 1.5640, 1.5610

USD/JPY

Maintains negative tone from 85.92/38, 17 Sep high/24 Sep lower high, with break below 83.55, 76.4% retracement of 82.86/85.92 upleg, now looking for retest of 82.86, year-to-day low. Break here would trigger further weakness and expose 81.77, May 1995 low. Upside, 83.63/80 caps for now.

Res: 83.63, 83.80, 84.07, 84.33
Sup: 83.15, 82.86, 82.30, 81.77

USD/CHF

Extended decline off 1.0181 to post fresh low of 0.9706, ahead of bounce. 0.9841 seen so far, though break above 0.9900/30 is needed to ease bear pressure and open way for stronger recovery. Otherwise, break below 0.9706 will look for test of 0.9630 initially.

Res: 0.9841, 0.9876, 0.9900, 0.9930
Sup: 0.9766, 0.9749, 0.9732, 0.9706

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:15 GMT)

EUR/USD

Maintains positive tone, with 1.3800 zone being tested today. Clearance of 1.3816, 17 Mar high, to open 1.3890, 61.8% retracement of 1.5144/1.1875 downleg. Downside, 1.3628/18 support the advance, while loss of 1.3558 weakens the near- term structure.

Res: 1.3783, 1.3805, 1.3816, 1.3840
Sup: 1.3690, 1.3628, 1.3618, 1.3571

GBP/USD

Upside rejection at 1.5921 and bounce from 1.5668, 30 Sep high/low, is now forming a diamond pattern. Break below 1.5702 and more important 1.5668 support is needed to complete the pattern and open fresh weakness towards 1.5640/02 zone. Holding above 1.5700, however would signal fresh leg higher, with clearance of 1.5871 and 1.5921 required to resume recovery.

Res: 1.5825, 1.5845, 1.5871, 1.5921
Sup: 1.5748, 1.5702, 1.5668, 1.5640

USD/JPY

Maintains negative tone from 85.92/38, 17 Sep high/24 Sep lower high, with fresh low of 83.15 seen so far. Recovery attempt and today’s upside rejection at 83.85 re-exposes 83.15, and break here to open 82.86, 2010 low, for test. Upside remains capped by 83.85/92 and only break here would spark fresh recovery.

Res: 83.63, 83.85, 83.92, 84.33
Sup: 83.15, 82.86, 82.30, 81.77

USD/CHF

Extended decline off 1.0181 to post fresh low of 0.9706, ahead of bounce that stalled at 0.9841 on 01 Oct. Fresh weakness looks for retest of 0.9706, break of which to focus 0.9630, all-time low. Upside, 0.9841/76 offer initial resistance and break above the latter to ease bear pressure and open way for stronger correction.

Res: 0.9803, 0.9822, 0.9841, 0.9876
Sup: 0.9730, 0.9706, 0.9630, 0.9600

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:20 GMT)

EUR/USD

Corrected to 1.3636 yesterday, following reversal of 1.3805, 04 Sep high. Fresh strength broke through 1.3825, trendline resistance, to hit the fresh high of 1.3861 so far. Market is looking for test of 1.3890, 61.8% retracement of 1.5144/1.1875 downleg, with potential break here to expose 1.4025, 03 Mar high. Downside, loss of 1.3636 would delay bulls.

Res: 1.3861, 1.3890, 1.3930, 1.3975
Sup: 1.3821, 1.3805, 1.3761, 1.3680

GBP/USD
Maintains positive structure off 1.5668, 30 Sep higher low, with the latest attempt through 1.5921/29, previous highs. Sustained break here would open way for test of a key 1.5997, 06 Aug high, break of which is required to resume the bull phase off 1.4230, 20 May low. Failure under 1.5997, however, risks a lower top ahead of fresh weakness, with loss of 1.5295 to defer bulls.

Res: 1.5937, 1.5965, 1.5997, 1.6010
Sup: 1.5854, 1.5827, 1.5771, 1.5748

USD/JPY

Yesterday’s recovery attempt failed at 83.97, just above 83.85 previous high, with sharp reversal followed. This has posted a fresh low of 82.95, just above 82.86, yearly low, and negative hourly studies favor break lower to expose 82.00 area, lows last seen in 1995. Only regain of 83.97 would improve the near-term outlook.

Res: 83.32, 83.63, 83.85, 83.97
Sup: 82.95, 82.86, 82.30, 81.77

USD/CHF

Extended decline off 1.0181 to post fresh yearly low of 0.9643 yesterday, just above the all-time low at 0.9630. Correction higher is underway, ahead of fresh attempt lower, and potential break below 0.9630 to open way for fresh weakness. Upside, 0.9788 is a key near-term resistance, with break above to delay immediate bears.

Res: 0.9706, 0.9738, 0.9757, 0.9788
Sup: 0.9643, 0.9630, 0.9600, 0.9550

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (07:40 GMT)

EUR/USD

Surges higher after break through trendline resistance and 61.8% retracement of 1.5144/1.1875, to attempt at 1.4000 psychological level. Break higher opens 1.4025, 03 Mar high, with 1.4193, 25 Jan high seen near-term. Downside, 1.3797 offers key near-term support and potential break lower to delay bulls.

Res: 1.4000, 1.4025, 1.4055, 1.4065
Sup: 1.3880, 1.3858, 1.3805, 1.3797

GBP/USD

Maintains positive structure off 1.5668, 30 Sep higher low, with minor continuation now setting up a likely challenge on 1.5997, 06 Aug high, break of which would firm the multiweek tone. Immediate support now lies at 1.5830 while loss of key 1.5750 support weakens the structure.

Res: 1.5937, 1.5965, 1.5997, 1.6010
Sup: 1.5830, 1.5790, 1.5750, 1.5750

USD/JPY

Continues to trend lower, with yesterday’s break below 82.86 marking the full reversal of the latest 82.86/85.92 upleg and posting fresh 15 year lows. Market is now looking for 81.77, 29 May 1995 low. Upside, 83.02 offers immediate resistance, while break above 83.97 would allow stronger correction.

Res: 83.02, 83.32, 83.63, 83.85
Sup: 82.30, 81.77, 81.50, 81.00

USD/CHF

Remains in a downtrend off 1.0181, with break below 0.9630 historical low and 0.9597, yesterday’s fresh low, now looking for test of 0.9500 zone. Upside, 0.9627/43 caps for now, while break above 0.9683 offer relief.

Res: 0.9627, 0.9643, 0.9683, 0.9706
Sup: 0.9550, 0.9500, 0.9455, 0.9400

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (09:10 GMT)

EUR/USD

Break above triangular reversal on 05 Oct has triggered fresh gains through 61.8% Fibonacci level at 1.3891, to post fresh high at 1.4027 yesterday. Sharp reversal followed, finding support at 1.3856 for now. Fresh strength off here needs to hold above 1.3900/1.3856 to keep immediate bulls in play for retest of 1.4027 and possible extension towards 1.4100 zone on a break. Loss of 1.3856, however, warns of deeper correction and exposes 1.3800 next.

Res: 1.3961, 1.3996, 1.4027, 1.4100
Sup: 1.3900, 1.3856, 1.3805, 1.3797

GBP/USD

Yesterday’s break above 1.5997, 06 Aug previous high, has posted a fresh high at 1.6016, highest level since Feb, ahead of sharp pullback to 1.5824. Recovery attempt failed at 1.5898, with renewed attempt at 1.5824 underway. Loss of the latter would trigger fresh weakness towards 1.5750. Upside, regain of 1.5898 is needed to firm.

Res: 1.5898, 1.5916, 1.5955, 1.5997
Sup: 1.5821, 1.5790, 1.5750, 1.5705

USD/JPY

Extended the recent weakness to post fresh low at 82.10 yesterday. Brief consolidation followed, ahead of fresh push lower, as hourly studies remain negative, and below 82.10 to target 81.77, May 1995 low first. Further weakness would look for 81.50/31. Upside, 82.50/71 zone offers immediate cap.

Res: 82.51, 81.71, 83.02, 83.32
Sup: 82.10, 81.77, 81.50, 81.31

USD/CHF

Bounces off 0.9553, yesterday’s fresh all-time low, to break above the previous high of 0.9683, extending to 0.9699. This may signal a pause in the latest downtrend and spark stronger correction towards 0.9737/85. Loss of 0.9553, however, resumes the downtrend and exposes 0.9416 next.

Res: 0.9699, 0.9706, 0.9737, 0.9785
Sup: 0.9628, 0.9600, 0.9581, 0.9553

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:50 GMT)

EUR/USD

Consolidation under 1.4027, 07 Oct and 1.4011, today’s high, is forming a bullish continuation with break higher to expose 1.4100 zone first, ahead of possible extension to 1.4195, 25 Jan high. Downside, 1.3900 offers initial support, while loss of 1.3832, 08 Oct low may delay bulls.

Res: 1.4011, 1.4027, 1.4100, 1.4195
Sup: 1.3900, 1.3856, 1.3832, 1.3761

GBP/USD

Extends a month-long uptrend to reach fresh high of 1.6016, ahead of consolidation. While 1.5845/20, 07 Oct low/trendline support holds, focus remains for retest of 1.6016, break of which would open 1.6070, 03 Feb high, next. Break below 1.5820, however, delays.

Res: 1.5997, 1.6016, 1.6070, 1.6100
Sup: 1.5898, 1.5858, 1.5845, 1.5820

USD/JPY

Broke below some significant levels to confirm negative structure. The latest weakness has reached fresh yearly low of 81.37, posted today. Correction is under way, with 82.37/55 expected to hold for continuation of downtrend, while break above the latter delays and allows for stronger correction.

Res: 82.37, 82.55, 82.71, 83.02
Sup: 81.76, 81.37, 81.00, 80.00

USD/CHF

Bounce off 0.9553, fresh all-time low, reached 0.9699 so far, with potential break higher to signal a pause in the latest downtrend and spark stronger correction towards 0.9737/85, possibly 0.9841/98. Loss of 0.9553, however, resumes the downtrend.

Res: 0.9646, 0.9699, 0.9706, 0.9737
Sup: 0.9593, 0.9581, 0.9553, 0.9500

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Extends correction off 1.4011, yesterday’s lower top, with break below 1.3856/32 support zone, weakening the structure and signaling stronger reversal towards 1.3797, break of which would open 1.3636, 05 Oct low. To avoid immediate downside risk, regain of minimum 1.3900 is required.

Res: 1.4011, 1.4027, 1.4100, 1.4195
Sup: 1.3797, 1.3761, 1.3680, 1.3636

GBP/USD

Extends a month-long uptrend to reach fresh high of 1.6016, ahead of consolidation. While trendline support, currently at 1.5840 holds, focus remains for retest of 1.6016, break of which would open 1.6070, 03 Feb high, next. Break below 1.5840, however, delays and opens 1.5820, then 1.5750.

Res: 1.5916, 1.5960, 1.5997, 1.6016
Sup: 1.5858, 1.5840, 1.5820, 1.5750

USD/JPY

Undergoes near-term correction after reaching a fresh 15 year low at 81.37 yesterday. Upside is seen limited by 82.34/55 and while below here, retest of 81.37 and possible extension towards 81.00 remains favored. Above 82.55, however, allow for stronger correction towards key 83.02, 07 Oct high.

Res: 82.34, 82.55, 82.71, 83.02
Sup: 81.71, 81.37, 81.00, 80.00

USD/CHF

Maintains positive tone off 0.9553, 07 Oct all-time low. Break above 0.9699, 07 Oct high is needed to confirm base and open 0.9788, 04 Oct high first, ahead of key 0.9841, 01 Oct high. Trendline support lies at 0.9612 and break here to open 0.9553 for retest.

Res: 0.9699, 0.9706, 0.9737, 0.9788
Sup: 0.9637, 0.9612, 0.9593, 0.9584

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD
Bounced off 1.3774, yesterday’s low, following reversal off 1.4011 lower top and break through trendline support at 1.3900. Latest break through triangle upper border now signal fresh strength, with clearance of 1.4011/27 to open next phase higher and focus 1.4100/95. Downside, only loss of 1.3774 would weaken the structure.

Res: 1.4011, 1.4027, 1.4100, 1.4195
Sup: 1.3942, 1.3905, 1.3881, 1.3836

GBP/USD

Has a lower top at 1.5964, ahead of fresh weakness though trendline support at 1.5840 to reach 1.5754 low. This may signal a further retrace of 1.5295/1.6016 upleg and break through 1.5754 to open 1.5700/1.5668 next. Current corrective attempt is seen capped by 1.5964.

Res: 1.5916, 1.5964, 1.5997, 1.6016
Sup: 1.5773, 1.5754, 1.5741, 1.5700

USD/JPY

Remains in a consolidative mode, following the latest dip to fresh yearly low of 81.37. Near-term outlook remains bearish while 82.34/55 area caps, with potential for retest of 81.37 and further weakness towards 81.00. Above 82.55 would delay for 83.05.

Res: 82.11, 82.34, 82.55, 82.71
Sup: 81.65, 81.37, 81.00, 80.00

USD/CHF

Recovery attempt off 0.9553 failed at 0.9726 yesterday, followed by sharp reversal. The latest upleg has been fully retraced, with 0.9543, fresh all-time low posted. Bears look for extension towards 0.9500/0.9465 next.

Res: 0.9594, 0.9618, 0.9661, 0.9699
Sup: 0.9543, 0.9500, 0.9465, 0.9400

 

[BradanBrock]

Re: Short Term Technical Analysis for Majors (08:30 GMT)

Very Nice information...............

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (08:40 GMT

EUR/USD

Reversal from yesterday’s failure at 1.4000 found support at 1.3911, ahead of fresh strength. Clearance of the key 1.4027 barrier has so far tested 1.4100, with 1.4195, 25 Jan high targeted next. Break here would open 1.4370, approx 76.4% retracement of 1.5144/1.1875 downleg, near-term. However, overbought hourly studies warn of correction, with 1.4027, offering initial support, while loss of 1.3911 delays.

Res:1.4180, 1.4195, 1.4260, 1.4370
Sup: 1.4027, 1.4000, 1.3953, 1.3942

GBP/USD

Fresh strength off 1.5754 higher low, broke above the recent 1.5668/1.6016 range, opening way for fresh bull leg. Market now targets 1.6070/1.6100 zone, break of which may extend the broader uptrend off 1.4230 towards 1.6250, near-term. Downside, 1.5880 supports the advance and only loss of 1.5754 would weaken the structure.

Res: 1.6070, 1.6100, 1.6115, 1.6180
Sup: 1.6016, 1.5961, 1.5907, 1.5887

USD/JPY

Extends losses through 81.37, previous low to complete a three-day pennant. Market has so far tested 81.00 level, with 80.50/00 seen next, ahead of possible test of 1995 key all-time low at 79.75. Upside remains capped by 82.00/34 and only break above the latter to ease bear pressure and open 82.55/83.00.

Res: 81.37, 81.76, 82.00, 82.55
Sup: 81.00, 80.50, 80.00, 79.75

USD/CHF

Yesterday’s upside rejection at 0.9640 has triggered fresh weakness through 0.9543, previous low, extending losses to post fresh all-time low at 0.9461 today. Further downside targets 0.9400, as major bear flag on daily chart continues to project further losses. Upside, 0.9543/53 now offers initial resistance, while break above 0.9640 provides relief.

Res: 0.9543, 0.9553, 0.9607, 0.9640
Sup: 0.9461, 0.9400, 0.9350, 0.9300

 

[WindsorBrokers]

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

EUR/USD
Surged through key 1.4027 resistance to extend gains through 1.4100 barrier, reaching 1.4121 so far. Shallow correction followed, with fresh push above 1.4121 to target 1.4195, 25 Jan high. Overbought daily studies see scope for correction, with 1.3911/1.3774 support area expected to hold dips to keep near-term bulls in play.

Res: 1.4086, 1.4106, 1.4121, 1.4180
Sup: 1.4008, 1.4000, 1.3953, 1.3911

GBP/USD
Extended strength off 1.5754, breaking through 1.6016, to reach 1.6065, just ahead of 1.6070 target. Further gains look for test of 1.6180, 29 Jan high, with 1.6250 seen on a break. Downside, 1.5970/45 offers immediate support, ahead of key near term support at 1.5870 (61.8%).

Res: 1.6050, 1.6065, 1.6070, 1.6100
Sup: 1.5970, 1.5945, 1.5907, 1.5870

USD/JPY
Extends losses through 81.37, previous low to complete a three-day pennant, and post fresh 15-year low at 80.88 yesterday. Correction higher is so far capped by 81.66, with fresh weakness through 80.88 to expose 79.75, 1995 all-time low. Only break above 82.00/34 would ease immediate bear pressure.

Res: 81.66, 81.83, 82.00, 82.34
Sup: 80.88, 80.50, 80.00, 79.75

USD/CHF
Maintains negative structure after breaking below previous low at 0.9553, to hit fresh all-time low at 0.9461 yesterday. Correction is under way, with 0.9565/0.9607 expected to cap, as major bear flag on daily chart continues to project further losses.

Res: 0.9565, 0.9607, 0.9640, 0.9726
Sup: 0.9509, 0.9461, 0.9400, 0.9350