Short Term Technical Analysis for Majors
- Thread starter WindsorBrokers
- Start date
- Watchers 32
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Resumes short-term uptrend from 1.3836, 12 July low, after consolidative phase under 1.4437, last Friday’s high that found support above 1.4300 handle. Fresh rally through 1.4437/40, previous high / main trendline resistance, with break through 1.4500 barrier, so far touching 1.4521,ahead of test of important resistance at 1.4576, 04 July high. Break above the latter would signal an end of medium-term corrective phase off 1.4938. Corrective pullback faces initial support at 1.4440 zone, previous high / 20 day MA, while only loss of 1.4323, yesterday’s higher platform, would delay in favor of stronger reversal.
Res: 1.4521, 1.4552, 1.4576, 1.4600
Sup: 1.4440, 1.4416, 1.4400, 1.4356
GBP/USD
Maintains short-term bull-trend after short consolidation phase off 1.6338, 22 July high was contained at 1.6265 and fresh strength through 1.6338 and 1.6400 barriers, extended to 1.6419 so far. On the downside, previous low / 20 day MA at 1.6340, offers immediate support, as correction on overbought hourly conditions is underway.
Loss of 1.6260/76, yesterday’s higher platform / main trendline support, however, would delay bulls and open way for stronger reversal.
Res: 1.6419, 1.6440, 1.6471, 1.6500
Sup: 1.6340, 1.6328, 1.6300, 1.6276
USD/JPY
Extends short-term bears, breaking below 78.00 support to post fresh low at 77.88. Subsequent strong bounce to 78.67 was short-lived as the pair returned to weakness, currently trading around 78.00 handle. Immediate focus is at 77.88, overnight’s low, with break here, to open way towards 76.32, 16 Mar record low. Corrective attempts are seen limited at 78.70/79.00 zone, with only break above 79.60 to improve short-term outlook.
Res: 78.20, 78.41, 78.67, 79.00
Sup: 77.88, 77.50, 76.94, 76.32
USD/CHF
Dipped below 0.8000 mark, to post fresh all-time low at 0.7996, ahead of corrective bounce above 0.8000. Previous low at 0.8073 offers initial resistance, ahead of 0.8135/50, 21 July low / 25 July high, where a lower top is anticipated, to maintain bear structure. On the upside, only regain of 0.8276 would ease immediate bear pressure.
Res: 0.8076, 0.8100, 0.8135, 0.8167
Sup: 0.7996, 0.7950, 0.7900, 0.7850
EUR/USD
Resumes short-term uptrend from 1.3836, 12 July low, after consolidative phase under 1.4437, last Friday’s high that found support above 1.4300 handle. Fresh rally through 1.4437/40, previous high / main trendline resistance, with break through 1.4500 barrier, so far touching 1.4521,ahead of test of important resistance at 1.4576, 04 July high. Break above the latter would signal an end of medium-term corrective phase off 1.4938. Corrective pullback faces initial support at 1.4440 zone, previous high / 20 day MA, while only loss of 1.4323, yesterday’s higher platform, would delay in favor of stronger reversal.
Res: 1.4521, 1.4552, 1.4576, 1.4600
Sup: 1.4440, 1.4416, 1.4400, 1.4356
GBP/USD
Maintains short-term bull-trend after short consolidation phase off 1.6338, 22 July high was contained at 1.6265 and fresh strength through 1.6338 and 1.6400 barriers, extended to 1.6419 so far. On the downside, previous low / 20 day MA at 1.6340, offers immediate support, as correction on overbought hourly conditions is underway.
Loss of 1.6260/76, yesterday’s higher platform / main trendline support, however, would delay bulls and open way for stronger reversal.
Res: 1.6419, 1.6440, 1.6471, 1.6500
Sup: 1.6340, 1.6328, 1.6300, 1.6276
USD/JPY
Extends short-term bears, breaking below 78.00 support to post fresh low at 77.88. Subsequent strong bounce to 78.67 was short-lived as the pair returned to weakness, currently trading around 78.00 handle. Immediate focus is at 77.88, overnight’s low, with break here, to open way towards 76.32, 16 Mar record low. Corrective attempts are seen limited at 78.70/79.00 zone, with only break above 79.60 to improve short-term outlook.
Res: 78.20, 78.41, 78.67, 79.00
Sup: 77.88, 77.50, 76.94, 76.32
USD/CHF
Dipped below 0.8000 mark, to post fresh all-time low at 0.7996, ahead of corrective bounce above 0.8000. Previous low at 0.8073 offers initial resistance, ahead of 0.8135/50, 21 July low / 25 July high, where a lower top is anticipated, to maintain bear structure. On the upside, only regain of 0.8276 would ease immediate bear pressure.
Res: 0.8076, 0.8100, 0.8135, 0.8167
Sup: 0.7996, 0.7950, 0.7900, 0.7850
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Emerges above daily Ichimoku cloud, to confirm short-term bullish stance. Break above 1.4500 mark has so far reached 1.4536, en-route to strong resistance at 1.4576, 04 July high, above which to open 1.4695, 07 June high. Last Friday’s high at 1.4437 offers initial support for corrective dips, with higher platform at 1.4323 expected to contain.
Res:1.4500, 1.4536, 1.4552, 1.4576
Sup: 1.4479, 1.4455, 1.4437, 1.4416
GBP/USD
Extended fresh bull leg off 1.6260 higher platform, clearing 1.6400 barrier, to test 1.6440, 14 July high. Short-term bulls are looking for extension through 1.6440 to test 1.6470, 07 July high, as break above daily Ichimoku cloud confirms positive near-term structure. Corrective pullback on overbought hourly conditions faces good support at 1.6340/30 zone, previous high / 20 day MA and main trendline support at 1.6315, with reversal above here required to keep near-term bullish picture intact.
Res: 1.6440, 1.6471, 1.6500, 1.6546
Sup: 1.6370, 1.6340, 1.6330, 1.6300
USD/JPY
Continues to travel south, extending broader downtrend below 78.00 handle, to reach 77.63 low so far. Pre-intervention low at 76.32, posted on 16 Mar, remains in focus, however, extended daily studies suggest stronger correction before fresh leg lower. Significant resistance lies at 79.60 and only break here would improve short-term outlook.
Res: 78.00, 78.45, 78.67, 79.00
Sup: 77.50, 76.94, 76.32, 76.00
USD/CHF
Bears remain firmly in play as mild recovery followed yesterday’s dip under 0.8000 mark, was capped at 0.8040 zone. Fresh weakness is attempting again below 0.8000, with 0.7950/00 levels in sight. On the upside, 0.8040 and 0.8075, previous low / 20 day MA, cap for now.
Res: 0.8037, 0.8076, 0.8100, 0.8135
Sup: 0.7950, 0.7900, 0.7850, 0.7800
EUR/USD
Emerges above daily Ichimoku cloud, to confirm short-term bullish stance. Break above 1.4500 mark has so far reached 1.4536, en-route to strong resistance at 1.4576, 04 July high, above which to open 1.4695, 07 June high. Last Friday’s high at 1.4437 offers initial support for corrective dips, with higher platform at 1.4323 expected to contain.
Res:1.4500, 1.4536, 1.4552, 1.4576
Sup: 1.4479, 1.4455, 1.4437, 1.4416
GBP/USD
Extended fresh bull leg off 1.6260 higher platform, clearing 1.6400 barrier, to test 1.6440, 14 July high. Short-term bulls are looking for extension through 1.6440 to test 1.6470, 07 July high, as break above daily Ichimoku cloud confirms positive near-term structure. Corrective pullback on overbought hourly conditions faces good support at 1.6340/30 zone, previous high / 20 day MA and main trendline support at 1.6315, with reversal above here required to keep near-term bullish picture intact.
Res: 1.6440, 1.6471, 1.6500, 1.6546
Sup: 1.6370, 1.6340, 1.6330, 1.6300
USD/JPY
Continues to travel south, extending broader downtrend below 78.00 handle, to reach 77.63 low so far. Pre-intervention low at 76.32, posted on 16 Mar, remains in focus, however, extended daily studies suggest stronger correction before fresh leg lower. Significant resistance lies at 79.60 and only break here would improve short-term outlook.
Res: 78.00, 78.45, 78.67, 79.00
Sup: 77.50, 76.94, 76.32, 76.00
USD/CHF
Bears remain firmly in play as mild recovery followed yesterday’s dip under 0.8000 mark, was capped at 0.8040 zone. Fresh weakness is attempting again below 0.8000, with 0.7950/00 levels in sight. On the upside, 0.8040 and 0.8075, previous low / 20 day MA, cap for now.
Res: 0.8037, 0.8076, 0.8100, 0.8135
Sup: 0.7950, 0.7900, 0.7850, 0.7800
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Trades in a near-term corrective mode after extending gains to fresh three-weeks high at 1.4536 today. Strong support at 1.4437, 22 July previous high was tested so far, with 20 day MA, currently at 1.4430 holding for now. Reversal here would resume immediate bulls for test of 1.4576 barrier and possible extension towards 1.4600. Holding above 1.4320 zone, 22/25 July higher platform and main trendline support keeps the bullish outlook intact.
Res: 1.4506, 1.4536, 1.4552, 1.4576
Sup: 1.4437, 1.4410, 1.4356, 1.4320
GBP/USD
Extended fresh bull leg off 1.6260 higher platform, clearing 1.6400 barrier, to test 1.6440, 14 July high. Short-term bulls are looking for extension through 1.6440 to test 1.6470, 07 July high, as break above daily Ichimoku cloud confirms positive near-term structure. Corrective pullback on overbought hourly conditions faces good support at 1.6340/30 zone, previous high / 20 day MA and main trendline support at 1.6325, with reversal above here required to keep near-term bullish structure intact.
Res: 1.6385, 1.6400, 1.6440, 1.6471
Sup: 1.6355, 1.6340, 1.6330, 1.6300
USD/JPY
Enters the near-term corrective phase after extension below 78.00 handle posted fresh four-month low 77.56 today. Broader picture, however, remains negative, with pre-intervention low at 76.32, posted on 16 Mar, in short-term focus. On the upside, 78.00 offers initial resistance, while 78.50 zone caps for now.
Res: 78.00, 78.45, 78.67, 79.00
Sup: 77.56, 76.94, 76.32, 76.00
USD/CHF
Bears remain firmly in play as mild recovery followed yesterday’s dip under 0.8000 mark, was capped at 0.8040 zone. Fresh weakness is attempting again below 0.8000, with 0.7950/00 levels in sight. On the upside, 0.8040 and 0.8075, previous low / 20 day MA, cap for now.
Res: 0.8039, 0.8076, 0.8100, 0.8135
Sup: 0.7994, 0.7950, 0.7900, 0.7850
EUR/USD
Trades in a near-term corrective mode after extending gains to fresh three-weeks high at 1.4536 today. Strong support at 1.4437, 22 July previous high was tested so far, with 20 day MA, currently at 1.4430 holding for now. Reversal here would resume immediate bulls for test of 1.4576 barrier and possible extension towards 1.4600. Holding above 1.4320 zone, 22/25 July higher platform and main trendline support keeps the bullish outlook intact.
Res: 1.4506, 1.4536, 1.4552, 1.4576
Sup: 1.4437, 1.4410, 1.4356, 1.4320
GBP/USD
Extended fresh bull leg off 1.6260 higher platform, clearing 1.6400 barrier, to test 1.6440, 14 July high. Short-term bulls are looking for extension through 1.6440 to test 1.6470, 07 July high, as break above daily Ichimoku cloud confirms positive near-term structure. Corrective pullback on overbought hourly conditions faces good support at 1.6340/30 zone, previous high / 20 day MA and main trendline support at 1.6325, with reversal above here required to keep near-term bullish structure intact.
Res: 1.6385, 1.6400, 1.6440, 1.6471
Sup: 1.6355, 1.6340, 1.6330, 1.6300
USD/JPY
Enters the near-term corrective phase after extension below 78.00 handle posted fresh four-month low 77.56 today. Broader picture, however, remains negative, with pre-intervention low at 76.32, posted on 16 Mar, in short-term focus. On the upside, 78.00 offers initial resistance, while 78.50 zone caps for now.
Res: 78.00, 78.45, 78.67, 79.00
Sup: 77.56, 76.94, 76.32, 76.00
USD/CHF
Bears remain firmly in play as mild recovery followed yesterday’s dip under 0.8000 mark, was capped at 0.8040 zone. Fresh weakness is attempting again below 0.8000, with 0.7950/00 levels in sight. On the upside, 0.8040 and 0.8075, previous low / 20 day MA, cap for now.
Res: 0.8039, 0.8076, 0.8100, 0.8135
Sup: 0.7994, 0.7950, 0.7900, 0.7850
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Failed to test key barrier at 1.4579, with subsequent reversal under 1.4400 mark puts near-term bulls on hold. Current test of bull trendline at 1.4340 and strong supports at 1.4323 higher platform, increases risk of deeper correction in case of break below the latter, to open way for test of 1.4281/71, 14 July high / Fib 38.2% of 1.3836/1.4536 ascend. 20 day MA at 1.4425 maintains near-term bear tone.
Res: 1.4376, 1.4400, 1.4438, 1.4470
Sup: 1.4329, 1.4323, 1.4300, 1.4281
GBP/USD
Remains in a near-term corrective mode, after upside rejection at 1.6440 triggered pullback. Break below 1.6338/20, previous high / main trendline support, softens the tone, with loss of 1.6300 handle to risk further retracement of short-term rally from 1.5779 and open 1.6260 higher platform and daily 90 day MA. Below here 1.6190, previous high posted on 14 July / Fib 38.2%, comes in focus. On the upside, immediate resistance lies at 1.6365/90 zone, with potential break here to re-focus 1.6440.
Res: 1.6343, 1.6365, 1.6390, 1.6440
Sup: 1.6308, 1.6300, 1.6260, 1.6234
USD/JPY
Corrective attempt from 77.56, fresh four-month low, was so far capped by 20 day MA at 78.16, with subsequent weakness losing 78.00 handle and looking for retest of 77.56. Break here risks a resumption of broader downtrend, with pre-intervention low at 76.32, posted on 16 Mar, in short-term focus. Yesterday’s high at 78.16 caps for now.
Res: 78.00, 78.16, 78.45, 78.67
Sup: 77.56, 76.94, 76.32, 76.00
USD/CHF
Remains in a near-term narrow range sideways trade, after posting fresh historical low at 0.7994 yesterday. Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus. On the upside, only regain of 0.8075 would ease immediate bear pressure, while break above 0.8276 would psovide short-term relief.
Res: 0.8045, 0.8076, 0.8100, 0.8135
Sup: 0.7994, 0.7950, 0.7900, 0.7850
EUR/USD
Failed to test key barrier at 1.4579, with subsequent reversal under 1.4400 mark puts near-term bulls on hold. Current test of bull trendline at 1.4340 and strong supports at 1.4323 higher platform, increases risk of deeper correction in case of break below the latter, to open way for test of 1.4281/71, 14 July high / Fib 38.2% of 1.3836/1.4536 ascend. 20 day MA at 1.4425 maintains near-term bear tone.
Res: 1.4376, 1.4400, 1.4438, 1.4470
Sup: 1.4329, 1.4323, 1.4300, 1.4281
GBP/USD
Remains in a near-term corrective mode, after upside rejection at 1.6440 triggered pullback. Break below 1.6338/20, previous high / main trendline support, softens the tone, with loss of 1.6300 handle to risk further retracement of short-term rally from 1.5779 and open 1.6260 higher platform and daily 90 day MA. Below here 1.6190, previous high posted on 14 July / Fib 38.2%, comes in focus. On the upside, immediate resistance lies at 1.6365/90 zone, with potential break here to re-focus 1.6440.
Res: 1.6343, 1.6365, 1.6390, 1.6440
Sup: 1.6308, 1.6300, 1.6260, 1.6234
USD/JPY
Corrective attempt from 77.56, fresh four-month low, was so far capped by 20 day MA at 78.16, with subsequent weakness losing 78.00 handle and looking for retest of 77.56. Break here risks a resumption of broader downtrend, with pre-intervention low at 76.32, posted on 16 Mar, in short-term focus. Yesterday’s high at 78.16 caps for now.
Res: 78.00, 78.16, 78.45, 78.67
Sup: 77.56, 76.94, 76.32, 76.00
USD/CHF
Remains in a near-term narrow range sideways trade, after posting fresh historical low at 0.7994 yesterday. Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus. On the upside, only regain of 0.8075 would ease immediate bear pressure, while break above 0.8276 would psovide short-term relief.
Res: 0.8045, 0.8076, 0.8100, 0.8135
Sup: 0.7994, 0.7950, 0.7900, 0.7850
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Extends the near-term weakness from yesterday’s high at 1.4536, after losing initial supports at 1.4340/23, bull trendline / higher platform. Break below daily Ichimoku cloud and loss of support zone at 1.4281/71, 14 July high / Fib 38.2% of 1.3836/1.4536, further weakens near-term structure and risks further reversal towards 1.4200 zone, also Fib 50%. On the upside, 1.4325 zone offers initial resistance, while only regain of 1.4400 would improve near-term tone.
Res: 1.4300, 1.4325, 1.4376, 1.4400
Sup: 1.4250, 1.4200, 1.4190, 1.4156
GBP/USD
Remains in a near-term corrective mode, after upside rejection at 1.6440 triggered pullback. Break below 1.6338/20, previous high / main trendline support, softens the tone, with brief break below 1.6300 handle to increase risk of further retracement of short-term rally from 1.5779 and open 1.6260 higher platform and daily 90 day MA. Below here 1.6190, previous high posted on 14 July / Fib 38.2%, comes in focus. On the upside, immediate resistance lies at 1.6365/90 zone, with potential break here to re-focus 1.6440.
Res: 1.6334, 1.6343, 1.6365, 1.6390
Sup: 1.6293, 1.6260, 1.6234, 1.6200
USD/JPY
Corrective attempt from 77.56, fresh four-month low, was so far capped by 20 day MA at 78.16, with subsequent weakness losing 78.00 handle and looking for retest of 77.56. Break here risks a resumption of broader downtrend, with pre-intervention low at 76.32, posted on 16 Mar, in short-term focus. Yesterday’s high at 78.16 caps for now.
Res: 78.02, 78.16, 78.45, 78.67
Sup: 77.62, 77.56, 76.94, 76.32
USD/CHF
Remains in a near-term narrow range sideways trade, after posting fresh historical low at 0.7988 today. Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus. On the upside, only regain of 0.8075 would ease immediate bear pressure, while break above 0.8276 would provide short-term relief.
Res: 0.8045, 0.8076, 0.8100, 0.8135
Sup: 0.7988, 0.7950, 0.7900, 0.7850
EUR/USD
Extends the near-term weakness from yesterday’s high at 1.4536, after losing initial supports at 1.4340/23, bull trendline / higher platform. Break below daily Ichimoku cloud and loss of support zone at 1.4281/71, 14 July high / Fib 38.2% of 1.3836/1.4536, further weakens near-term structure and risks further reversal towards 1.4200 zone, also Fib 50%. On the upside, 1.4325 zone offers initial resistance, while only regain of 1.4400 would improve near-term tone.
Res: 1.4300, 1.4325, 1.4376, 1.4400
Sup: 1.4250, 1.4200, 1.4190, 1.4156
GBP/USD
Remains in a near-term corrective mode, after upside rejection at 1.6440 triggered pullback. Break below 1.6338/20, previous high / main trendline support, softens the tone, with brief break below 1.6300 handle to increase risk of further retracement of short-term rally from 1.5779 and open 1.6260 higher platform and daily 90 day MA. Below here 1.6190, previous high posted on 14 July / Fib 38.2%, comes in focus. On the upside, immediate resistance lies at 1.6365/90 zone, with potential break here to re-focus 1.6440.
Res: 1.6334, 1.6343, 1.6365, 1.6390
Sup: 1.6293, 1.6260, 1.6234, 1.6200
USD/JPY
Corrective attempt from 77.56, fresh four-month low, was so far capped by 20 day MA at 78.16, with subsequent weakness losing 78.00 handle and looking for retest of 77.56. Break here risks a resumption of broader downtrend, with pre-intervention low at 76.32, posted on 16 Mar, in short-term focus. Yesterday’s high at 78.16 caps for now.
Res: 78.02, 78.16, 78.45, 78.67
Sup: 77.62, 77.56, 76.94, 76.32
USD/CHF
Remains in a near-term narrow range sideways trade, after posting fresh historical low at 0.7988 today. Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus. On the upside, only regain of 0.8075 would ease immediate bear pressure, while break above 0.8276 would provide short-term relief.
Res: 0.8045, 0.8076, 0.8100, 0.8135
Sup: 0.7988, 0.7950, 0.7900, 0.7850
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Came under pressure again after recovery attempt from yesterday’s low at 1.4253 stalled at initial resistance at 1.4360. Fresh weakness risks an extension of short-term downtrend from 1.4536, with break below 1.4253 to open 1.4185, Fib 50% of 1.3836/1.4536 ascend, possibly 1.4135, 20/21 July lows, on a break. On the upside, 1.4260, offers initial resistance and potential break higher to signal near-term basing.
Res: 1.4260, 1.4300, 1.4325, 1.4376
Sup: 1.4253, 1.4200, 1.4185, 1.4156
GBP/USD
Bounce through 1.6360, the recent range ceiling was short-lived, as gains stalled on approach to 1.6400 barrier and subsequent sell-off returned to 1.63 zone, range floor. This increases risk further retracement of 1.5779/1.6438 upleg and below 1.6300 to open 1.6260 higher platform, also daily 90 day MA. Break here would signal fresh leg lower and expose 1.6192/88, 14 July high / Fib 38.2% level. To avoid immediate downside risk, regain of 1.6382/1.6400 is required.
Res: 1.6365, 1.6382, 1.6394, 1.6438
Sup: 1.6314, 1.6293, 1.6260, 1.6234
USD/JPY
Extends the latest bear phase after breaking below 79.55 range floor, to post fresh four-month low at 77.44. Negative near-term outlook favors further weakness and below 77.44 to focus 76.94, 17 Mar low and key support and record low at 76.32, posted on 16 Mar. On the upside, 77.90/78.16 zone is expected to cap corrective activities and break above the latter would ease immediate bear pressure.
Res: 77.63, 77.90, 78.02, 78.16
Sup: 77.44, 76.94, 76.32, 76.00
USD/CHF
Remains in a near-term narrow range sideways trade, after posting fresh historical low at 0.7988. Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus. On the upside, break above the range and regain of 0.8075 would ease immediate bear pressure, while break above 0.8276 provides short-term relief.
Res: 0.8045, 0.8076, 0.8100, 0.8135
Sup: 0.7988, 0.7950, 0.7900, 0.7850
EUR/USD
Came under pressure again after recovery attempt from yesterday’s low at 1.4253 stalled at initial resistance at 1.4360. Fresh weakness risks an extension of short-term downtrend from 1.4536, with break below 1.4253 to open 1.4185, Fib 50% of 1.3836/1.4536 ascend, possibly 1.4135, 20/21 July lows, on a break. On the upside, 1.4260, offers initial resistance and potential break higher to signal near-term basing.
Res: 1.4260, 1.4300, 1.4325, 1.4376
Sup: 1.4253, 1.4200, 1.4185, 1.4156
GBP/USD
Bounce through 1.6360, the recent range ceiling was short-lived, as gains stalled on approach to 1.6400 barrier and subsequent sell-off returned to 1.63 zone, range floor. This increases risk further retracement of 1.5779/1.6438 upleg and below 1.6300 to open 1.6260 higher platform, also daily 90 day MA. Break here would signal fresh leg lower and expose 1.6192/88, 14 July high / Fib 38.2% level. To avoid immediate downside risk, regain of 1.6382/1.6400 is required.
Res: 1.6365, 1.6382, 1.6394, 1.6438
Sup: 1.6314, 1.6293, 1.6260, 1.6234
USD/JPY
Extends the latest bear phase after breaking below 79.55 range floor, to post fresh four-month low at 77.44. Negative near-term outlook favors further weakness and below 77.44 to focus 76.94, 17 Mar low and key support and record low at 76.32, posted on 16 Mar. On the upside, 77.90/78.16 zone is expected to cap corrective activities and break above the latter would ease immediate bear pressure.
Res: 77.63, 77.90, 78.02, 78.16
Sup: 77.44, 76.94, 76.32, 76.00
USD/CHF
Remains in a near-term narrow range sideways trade, after posting fresh historical low at 0.7988. Current consolidation is seen preceding fresh leg lower, as near-term studies remain negative, with 0.7950/00 in focus. On the upside, break above the range and regain of 0.8075 would ease immediate bear pressure, while break above 0.8276 provides short-term relief.
Res: 0.8045, 0.8076, 0.8100, 0.8135
Sup: 0.7988, 0.7950, 0.7900, 0.7850
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Returns to strength after the recent1.4536 high found support at reversal from 1.4228 last Friday. Fresh strength broke above 4-hour 20 day MA at 1.4375 and regained important 1.4400 barrier, Friday’s high / main bear-trendline. Sustained break here is required to confirm higher low at 1.4228 and focus 1.4500/36 next, ahead of strong resistance at 1.4576, 04 July high. On the downside, hourly 20 day MA underpins the advance, while loss of 1.4345 higher platform, would weaken immediate tone.
Res: 1.4418, 1.4438, 1.4455, 1.4500
Sup: 1.4378, 1.4345, 1.4300, 1.4253
GBP/USD
Extends short-term strength after brief correction off 1.6438, 27 July previous high, found ground at 1.6260. Fresh strength cleared 1.6438 barrier, to test 1.6471, 07 June high so far. Corrective pullback is under way and needs to find support above 1.6380, today’s low / 27 July high / 4-hour 20 day MA, to maintain immediate bull tone. However, MACD bearish divergence on four-hour chart would signal deeper reversal, with loss of 1.6260 to put near-term bulls on hold.
Res: 1.6455, 1.6474, 1.6500, 1.6546
Sup: 1.6400, 1.6385, 1.6354, 1.6300
USD/JPY
Last week’s price action has seen bearish extension under 77.00 mark, to test 76.87 so far, just ahead of record low of 76.32, posted on 16 Mar. Today’s strong bounce tested our important resistance at 78.00, where bulls stalled. However, this is seen corrective while the upside remains capped at 79.00/60 zone and only regain of the latter to signal short-term base and trigger stronger correction. Meantime, short-term bears will be looking for retest of 76.32 target.
Res: 77.75, 78.03, 78.16, 78.45
Sup: 77.41, 77.12, 76.87, 76.32
USD/CHF
Extends the broader weakness after sharp decline followed the last week’s narrow range sideways trading, dipping below 0.7900 mark, to post fresh historical low at 0.7851. Corrective action is under way, with 0.7951 high seen so far. However, regain of 0.7990, range bottom, is needed to signal stronger correction and above 0.8045, range ceiling to open 0.8075/0.8100 next. On the downside, loss of 0.7900 support would turn near-term outlook bearish and re-focus 0.7851.
Res: 0.7951, 0.7990, 0.8045, 0.8075
Sup: 0.7902, 0.7859, 0.7851, 0.7800
EUR/USD
Returns to strength after the recent1.4536 high found support at reversal from 1.4228 last Friday. Fresh strength broke above 4-hour 20 day MA at 1.4375 and regained important 1.4400 barrier, Friday’s high / main bear-trendline. Sustained break here is required to confirm higher low at 1.4228 and focus 1.4500/36 next, ahead of strong resistance at 1.4576, 04 July high. On the downside, hourly 20 day MA underpins the advance, while loss of 1.4345 higher platform, would weaken immediate tone.
Res: 1.4418, 1.4438, 1.4455, 1.4500
Sup: 1.4378, 1.4345, 1.4300, 1.4253
GBP/USD
Extends short-term strength after brief correction off 1.6438, 27 July previous high, found ground at 1.6260. Fresh strength cleared 1.6438 barrier, to test 1.6471, 07 June high so far. Corrective pullback is under way and needs to find support above 1.6380, today’s low / 27 July high / 4-hour 20 day MA, to maintain immediate bull tone. However, MACD bearish divergence on four-hour chart would signal deeper reversal, with loss of 1.6260 to put near-term bulls on hold.
Res: 1.6455, 1.6474, 1.6500, 1.6546
Sup: 1.6400, 1.6385, 1.6354, 1.6300
USD/JPY
Last week’s price action has seen bearish extension under 77.00 mark, to test 76.87 so far, just ahead of record low of 76.32, posted on 16 Mar. Today’s strong bounce tested our important resistance at 78.00, where bulls stalled. However, this is seen corrective while the upside remains capped at 79.00/60 zone and only regain of the latter to signal short-term base and trigger stronger correction. Meantime, short-term bears will be looking for retest of 76.32 target.
Res: 77.75, 78.03, 78.16, 78.45
Sup: 77.41, 77.12, 76.87, 76.32
USD/CHF
Extends the broader weakness after sharp decline followed the last week’s narrow range sideways trading, dipping below 0.7900 mark, to post fresh historical low at 0.7851. Corrective action is under way, with 0.7951 high seen so far. However, regain of 0.7990, range bottom, is needed to signal stronger correction and above 0.8045, range ceiling to open 0.8075/0.8100 next. On the downside, loss of 0.7900 support would turn near-term outlook bearish and re-focus 0.7851.
Res: 0.7951, 0.7990, 0.8045, 0.8075
Sup: 0.7902, 0.7859, 0.7851, 0.7800
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Corrects the latest gains from today’s low at 1.4345 that peaked at 1.4452. Brief break under 1.4400 handle would look for further extension towards 1.4388/78, 20 day MA / today’s intraday low, with reversal above 1.4345 required to keep near-term bulls in play for fresh attempt through 1.4452 and test of key barrier at 1.4576. On the downside, loss of 1.4345 would weaken near-term structure and allow stronger correction.
Res: 1.4452, 1.4470, 1.4506, 1.4529
Sup: 1.4378, 1.4345, 1.4300, 1.4253
GBP/USD
Weakens near-term tone after reversal from today’s fresh high at 1.6474, signaled by bearish divergence on 4-hour chart, lost initial support at 1.6390/80 zone, extending losses through 4- hour 20 day MA, currently at 1.6365 and 1.6342, Fib 61.8% retracement of 1.6260/1.6474, with clear break to confirm near-term top and turn focus towards 1.6300/1.6260.
Res: 1.6387, 1.6400, 1.6455, 1.6474
Sup: 1.6300, 1.6270, 1.6260, 1.6200
USD/JPY
Has fully retraced today’s recovery attempt from 76.87, after gains stalled at 78.03 and subsequent reversal dipped under 76.87, to post fresh 4-month low at 76.66. Immediate focus lies at 76.32, 16 Mar record low, loss of which to expose 76.00 next. Corrective attempts are seen capped at 76.75/78.00 for now and only lift above the latter to provide near-term relief.
Res: 76.87, 77.12, 77.41, 77.75
Sup: 76.66, 76.32, 76.00, 75.50
USD/CHF
Extends the fall from 0.8020, last Friday’s high, after recovery attempt from 0.7851 low stalled at0.7951, ahead of fresh leg lower. Losses broke below 0.7851 to post fresh record low at 0.7800 so far, with further extension towards 0.7750/00 seen favored. Oversold hourly conditions suggest corrective bounce, however 0.7951 offers strong resistance and only break here to ease immediate bear pressure.
Res: 0.7951, 0.7990, 0.8045, 0.8075
Sup: 0.7800, 0.7750, 0.7700, 0.7650
EUR/USD
Corrects the latest gains from today’s low at 1.4345 that peaked at 1.4452. Brief break under 1.4400 handle would look for further extension towards 1.4388/78, 20 day MA / today’s intraday low, with reversal above 1.4345 required to keep near-term bulls in play for fresh attempt through 1.4452 and test of key barrier at 1.4576. On the downside, loss of 1.4345 would weaken near-term structure and allow stronger correction.
Res: 1.4452, 1.4470, 1.4506, 1.4529
Sup: 1.4378, 1.4345, 1.4300, 1.4253
GBP/USD
Weakens near-term tone after reversal from today’s fresh high at 1.6474, signaled by bearish divergence on 4-hour chart, lost initial support at 1.6390/80 zone, extending losses through 4- hour 20 day MA, currently at 1.6365 and 1.6342, Fib 61.8% retracement of 1.6260/1.6474, with clear break to confirm near-term top and turn focus towards 1.6300/1.6260.
Res: 1.6387, 1.6400, 1.6455, 1.6474
Sup: 1.6300, 1.6270, 1.6260, 1.6200
USD/JPY
Has fully retraced today’s recovery attempt from 76.87, after gains stalled at 78.03 and subsequent reversal dipped under 76.87, to post fresh 4-month low at 76.66. Immediate focus lies at 76.32, 16 Mar record low, loss of which to expose 76.00 next. Corrective attempts are seen capped at 76.75/78.00 for now and only lift above the latter to provide near-term relief.
Res: 76.87, 77.12, 77.41, 77.75
Sup: 76.66, 76.32, 76.00, 75.50
USD/CHF
Extends the fall from 0.8020, last Friday’s high, after recovery attempt from 0.7851 low stalled at0.7951, ahead of fresh leg lower. Losses broke below 0.7851 to post fresh record low at 0.7800 so far, with further extension towards 0.7750/00 seen favored. Oversold hourly conditions suggest corrective bounce, however 0.7951 offers strong resistance and only break here to ease immediate bear pressure.
Res: 0.7951, 0.7990, 0.8045, 0.8075
Sup: 0.7800, 0.7750, 0.7700, 0.7650
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Turns the near-term tone bearish after yesterday’s upside rejection at 1.4452 triggered sharp fall to fully retrace the recent 1.4228/1.4452 upleg, extending losses to 1.4184, Fib 50% of 3-weeks 1.3836/1.4452 ascend. Recovery attempt off 1.4184 was short-lived, as gains stalled at 1.4281 and subsequent reversal currently attempting through 1.4184. Below here 1.4137, 21 July low and 1.4100, Fib 61.8%, come next, as near-term bears are fully in play. Oversold hourly conditions, however, suggest corrective bounce may precede fresh leg lower, with today’s high at 1.4281 expected to cap.
Res: 1.4452, 1.4470, 1.4506, 1.4529
Sup: 1.4179, 1.4137, 1.4100, 1.4067
GBP/USD
Weakens near-term tone after reversal from yesterday’s fresh high at 1.6474, signaled by bearish divergence on 4-hour chart, broke below 1.6260, strong support zone, extending losses through daily 90-day MA, to hit fresh low at 1.6236. Corrective attempt was so far capped by 20 day MA at 1.6328, and while below here immediate bear tone will look for retest of 1.6236, break of which to expose 1.6207, Fib 38.2% retracement of 1.5779/1.6474 ascend. Only regain of 1.6328/50, today’s high / 20 day MA, would ease immediate bear pressure.
Res: 1.6302, 1.6328, 1.6350, 1.6387
Sup: 1.6265, 1.6236, 1.6207, 1.6192
USD/JPY
Trades in a near-term corrective mode after extending broader bear trend through previous low at 76.87, to test previous all-time low at 76.32, posted on 16 Mar and hit marginally fresh record low at 76.28. Corrective bounce has so far regained 77.81, just ahead of 78.00, strong barrier, break of which is required to ease bear pressure and open way for stronger recovery towards 78.16/45 next. Failure under 77.81, however, would signal a lower top and resumption of downtrend.
Res: 77.71, 77.81, 78.03, 78.16
Sup: 77.16, 77.05, 76.82, 76.41
USD/CHF
Co0rrects the latest sharp fall that resulted in posting fresh record low at 0.7728 yesterday’s. Gains were so far capped at 0.7853, previous 29 July low, and while below here, immediate scope remains for test of 0.7728 and fresh phase lower, with 0.7700 in focus. Regain of 0.7853, however, would provide near-term relief, while only clearance of 0.7930/0.8000 zone would improve short-term outlook.
Res: 0.7800, 0.7821, 0.7832, 0.7853
Sup: 0.7773, 0.7728, 0.7700, 0.7650
EUR/USD
Turns the near-term tone bearish after yesterday’s upside rejection at 1.4452 triggered sharp fall to fully retrace the recent 1.4228/1.4452 upleg, extending losses to 1.4184, Fib 50% of 3-weeks 1.3836/1.4452 ascend. Recovery attempt off 1.4184 was short-lived, as gains stalled at 1.4281 and subsequent reversal currently attempting through 1.4184. Below here 1.4137, 21 July low and 1.4100, Fib 61.8%, come next, as near-term bears are fully in play. Oversold hourly conditions, however, suggest corrective bounce may precede fresh leg lower, with today’s high at 1.4281 expected to cap.
Res: 1.4452, 1.4470, 1.4506, 1.4529
Sup: 1.4179, 1.4137, 1.4100, 1.4067
GBP/USD
Weakens near-term tone after reversal from yesterday’s fresh high at 1.6474, signaled by bearish divergence on 4-hour chart, broke below 1.6260, strong support zone, extending losses through daily 90-day MA, to hit fresh low at 1.6236. Corrective attempt was so far capped by 20 day MA at 1.6328, and while below here immediate bear tone will look for retest of 1.6236, break of which to expose 1.6207, Fib 38.2% retracement of 1.5779/1.6474 ascend. Only regain of 1.6328/50, today’s high / 20 day MA, would ease immediate bear pressure.
Res: 1.6302, 1.6328, 1.6350, 1.6387
Sup: 1.6265, 1.6236, 1.6207, 1.6192
USD/JPY
Trades in a near-term corrective mode after extending broader bear trend through previous low at 76.87, to test previous all-time low at 76.32, posted on 16 Mar and hit marginally fresh record low at 76.28. Corrective bounce has so far regained 77.81, just ahead of 78.00, strong barrier, break of which is required to ease bear pressure and open way for stronger recovery towards 78.16/45 next. Failure under 77.81, however, would signal a lower top and resumption of downtrend.
Res: 77.71, 77.81, 78.03, 78.16
Sup: 77.16, 77.05, 76.82, 76.41
USD/CHF
Co0rrects the latest sharp fall that resulted in posting fresh record low at 0.7728 yesterday’s. Gains were so far capped at 0.7853, previous 29 July low, and while below here, immediate scope remains for test of 0.7728 and fresh phase lower, with 0.7700 in focus. Regain of 0.7853, however, would provide near-term relief, while only clearance of 0.7930/0.8000 zone would improve short-term outlook.
Res: 0.7800, 0.7821, 0.7832, 0.7853
Sup: 0.7773, 0.7728, 0.7700, 0.7650
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Extends short-term bears off 1.4536, after leaving a lower top at 1.4452 and completing 4-hour head and shoulders pattern. Break through 1.4184, yesterday’s low, to post fresh low of the day at 1.4150. Near-term outlook remains negative, as hourly 20 day MA, currently at 1.4234, limits the corrective attempts, with focus on 1.4137, 21 July low and 1.4100, Fib 61.8% of 1.3836/1.4536 ascend. Only regain of 1.4280/1.4300 would provide near-term relief.
Res:1.4234, 1.4257, 1.4281, 1.4300
Sup: 1.4150, 1.4137, 1.4100, 1.4067
GBP/USD
Maintains near-term negative tone after reversal from 1.6474, yesterday’s high, lost strong support at 1.6260, 27 July low / 22/25 July higher platform, and short recovery from 1.6236 ran out of steam at 1.6328, to extend losses to 1.6223 so far. Immediate downside targets lie at 1.6207, Fib 38.2% of 1.5779/1.6474 ascend, then 1.6192, 14 July high, below which to open 1.6126, 50% retracement and 1.6100 zone. On the upside, 1.6328, today’s high, is expected to cap.
Res: 1.6302, 1.6328, 1.6350, 1.6387
Sup: 1.6223, 1.6207, 1.6192, 1.6126
USD/JPY
Remains in a near-term corrective mode after extending broader bear trend through previous low at 76.87, to test previous all-time low at 76.32, posted on 16 Mar and hit marginally fresh record low at 76.28. Corrective bounce has so far regained 77.81, just ahead of 78.00, strong barrier, break of which is required to ease bear pressure and open way for stronger recovery towards 78.16/45 next. Failure under 77.81, however, would signal a lower top and resumption of downtrend.
Res: 77.46, 77.71, 77.81, 78.03
Sup: 77.16, 77.05, 76.82, 76.41
USD/CHF
Ends corrective attempt of the latest sharp fall that resulted in posting fresh record low at 0.7728 yesterday. Gains were capped at 0.7853, previous 29 July low, and while below here, immediate scope remains for test of 0.7728 and fresh phase lower, with 0.7700 in focus. Regain of 0.7853, however, would provide near-term relief, while only clearance of 0.7930/0.8000 zone would improve short-term outlook.
Res: 0.7800, 0.7821, 0.7832, 0.7853
Sup: 0.7757, 0.7728, 0.7700, 0.7650
EUR/USD
Extends short-term bears off 1.4536, after leaving a lower top at 1.4452 and completing 4-hour head and shoulders pattern. Break through 1.4184, yesterday’s low, to post fresh low of the day at 1.4150. Near-term outlook remains negative, as hourly 20 day MA, currently at 1.4234, limits the corrective attempts, with focus on 1.4137, 21 July low and 1.4100, Fib 61.8% of 1.3836/1.4536 ascend. Only regain of 1.4280/1.4300 would provide near-term relief.
Res:1.4234, 1.4257, 1.4281, 1.4300
Sup: 1.4150, 1.4137, 1.4100, 1.4067
GBP/USD
Maintains near-term negative tone after reversal from 1.6474, yesterday’s high, lost strong support at 1.6260, 27 July low / 22/25 July higher platform, and short recovery from 1.6236 ran out of steam at 1.6328, to extend losses to 1.6223 so far. Immediate downside targets lie at 1.6207, Fib 38.2% of 1.5779/1.6474 ascend, then 1.6192, 14 July high, below which to open 1.6126, 50% retracement and 1.6100 zone. On the upside, 1.6328, today’s high, is expected to cap.
Res: 1.6302, 1.6328, 1.6350, 1.6387
Sup: 1.6223, 1.6207, 1.6192, 1.6126
USD/JPY
Remains in a near-term corrective mode after extending broader bear trend through previous low at 76.87, to test previous all-time low at 76.32, posted on 16 Mar and hit marginally fresh record low at 76.28. Corrective bounce has so far regained 77.81, just ahead of 78.00, strong barrier, break of which is required to ease bear pressure and open way for stronger recovery towards 78.16/45 next. Failure under 77.81, however, would signal a lower top and resumption of downtrend.
Res: 77.46, 77.71, 77.81, 78.03
Sup: 77.16, 77.05, 76.82, 76.41
USD/CHF
Ends corrective attempt of the latest sharp fall that resulted in posting fresh record low at 0.7728 yesterday. Gains were capped at 0.7853, previous 29 July low, and while below here, immediate scope remains for test of 0.7728 and fresh phase lower, with 0.7700 in focus. Regain of 0.7853, however, would provide near-term relief, while only clearance of 0.7930/0.8000 zone would improve short-term outlook.
Res: 0.7800, 0.7821, 0.7832, 0.7853
Sup: 0.7757, 0.7728, 0.7700, 0.7650
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Remains at the back foot after consolidation from 1.4150 faced strong resistance at yesterday’s high at 1.4281 and subsequent weakness briefly exceeded previous low to post fresh one at 1.4142, just ahead of our first target at 1.4137, 21 July low. Near-term bears remain intact while 1.4280/90, yesterday’s high / 4-hour 20 day MA limit the upside, with scope for further weakness towards 1.4100/1.4067 zone, Fib 61.8% of 1.3836/1.4536 ascend / 19 July low, to confirm lower top at 1.4536 and continue broader downtrend from 1.4938.
Res: 1.4248, 1.4281, 1.4300, 1.4345
Sup: 1.4142, 1.4137, 1.4100, 1.4067
GBP/USD
Near-term outlook remains negative after pullback from 1.6474, 01 Aug high, broke below higher platform at 1.6260 to post new low at 1.6223. Immediate downside targets lie at 1.6206/1.6192, Fib 38.2% of 1.5779/1.6474 ascend / 14 July high, while yesterday’s high at 1.6328 and 20 day MA at 1.6337 cap. However, broader picture shows the uptrend still intact, with reversal at/above 1.6200 zone, Fib 38.2% / daily 55 day MA, required to continue bulls from 1.5779, 12 July low.
Res: 1.6302, 1.6328, 1.6350, 1.6387
Sup: 1.6263, 1.6250, 1.6223, 1.6206
USD/JPY
Remains in a near-term corrective mode after extending broader bear trend through previous low at 76.87, to test previous all-time low at 76.32, posted on 16 Mar and hit marginally fresh record low at 76.28. Corrective bounce has so far regained 77.81, just ahead of 78.00, strong barrier, break of which is required to ease bear pressure and open way for stronger recovery towards 78.16/45 next. Holding below 77.81, however, would signal a lower top and resumption of downtrend.
Res: 77.39, 77.81, 78.03, 78.16
Sup: 76.96, 76.82, 76.58, 76.28
USD/CHF
Extended the broader downtrend after ending the near-term consolidation at 0.8000 zone, to post fresh historical low at 0.7608 today. Corrective bounce is now under way, with initial barrier at 0.7825/55, 20 day MA / yesterday’s high. However, regain of 0.8000 zone is required to signal stronger recovery, otherwise, lower top and resumption of the downtrend would be the likely scenario.
Res: 0.7800, 0.7825, 0.7855, 0.7900
Sup: 0.7666, 0.7626, 0.7608, 0.7600
EUR/USD
Remains at the back foot after consolidation from 1.4150 faced strong resistance at yesterday’s high at 1.4281 and subsequent weakness briefly exceeded previous low to post fresh one at 1.4142, just ahead of our first target at 1.4137, 21 July low. Near-term bears remain intact while 1.4280/90, yesterday’s high / 4-hour 20 day MA limit the upside, with scope for further weakness towards 1.4100/1.4067 zone, Fib 61.8% of 1.3836/1.4536 ascend / 19 July low, to confirm lower top at 1.4536 and continue broader downtrend from 1.4938.
Res: 1.4248, 1.4281, 1.4300, 1.4345
Sup: 1.4142, 1.4137, 1.4100, 1.4067
GBP/USD
Near-term outlook remains negative after pullback from 1.6474, 01 Aug high, broke below higher platform at 1.6260 to post new low at 1.6223. Immediate downside targets lie at 1.6206/1.6192, Fib 38.2% of 1.5779/1.6474 ascend / 14 July high, while yesterday’s high at 1.6328 and 20 day MA at 1.6337 cap. However, broader picture shows the uptrend still intact, with reversal at/above 1.6200 zone, Fib 38.2% / daily 55 day MA, required to continue bulls from 1.5779, 12 July low.
Res: 1.6302, 1.6328, 1.6350, 1.6387
Sup: 1.6263, 1.6250, 1.6223, 1.6206
USD/JPY
Remains in a near-term corrective mode after extending broader bear trend through previous low at 76.87, to test previous all-time low at 76.32, posted on 16 Mar and hit marginally fresh record low at 76.28. Corrective bounce has so far regained 77.81, just ahead of 78.00, strong barrier, break of which is required to ease bear pressure and open way for stronger recovery towards 78.16/45 next. Holding below 77.81, however, would signal a lower top and resumption of downtrend.
Res: 77.39, 77.81, 78.03, 78.16
Sup: 76.96, 76.82, 76.58, 76.28
USD/CHF
Extended the broader downtrend after ending the near-term consolidation at 0.8000 zone, to post fresh historical low at 0.7608 today. Corrective bounce is now under way, with initial barrier at 0.7825/55, 20 day MA / yesterday’s high. However, regain of 0.8000 zone is required to signal stronger recovery, otherwise, lower top and resumption of the downtrend would be the likely scenario.
Res: 0.7800, 0.7825, 0.7855, 0.7900
Sup: 0.7666, 0.7626, 0.7608, 0.7600
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (13:30 GMT)
EUR/USD
Reversal from 1.4536, 27 July high, has found temporary ground at 1.4142, today’s low, ahead of strong bounce. Clearance of the initial resistance at 1.4280, extended gains through 1.4300 barrier, to reach 1.4343, also Fib 50% of 1.4536/1.4142 downleg. Near- tone is regaining momentum and this averts immediate downside risk in favor of further gains. Daily 90 day MA offers initial barrier at 1.4366, ahead of 1.4400 and key near-term resistance at 1.4452. Corrective pullback on overbought hourly studies should be contained by 20 day MA, currently at 1.4263, to maintain immediate bull tone.
Res: 1.4343, 1.4403, 1.4452, 1.4500
Sup: 1.4303, 1.4285, 1.4253, 1.4200
GBP/USD
Improve the near-term tone after bounce from yesterday’s low at 1.6223 broke through 1.6328 barrier, also clearing 4-hour 20 day MA at 1.6338, to turn focus higher. Regain of 1.6400 mark, also retracing over 61.8% of 1.6474/1.6223 decline, would signal an end of corrective phase and possibly open 1.6474 high for retest, with break here to signal resumption of the broader uptrend from 1.5779. Corrective reversal on overbought hourly studies, needs to be contained above 1.6300 to maintain near-term positive tone.
Res: 1.6407, 1.6457, 1.6474, 1.6500
Sup: 1.6372, 1.6338, 1.6328, 1.6315
USD/JPY
Remains in a near-term corrective mode after extending broader bear trend through previous all-time low at 76.32, posted on 16 Mar, to hit marginally fresh record low at 76.28. Corrective bounce has so far been capped at77.81, just ahead of 78.00, strong barrier, with subsequent pullback attempting below 77.00 support, loss of which would turn the near-term tone negative and re-focus 76.28 low. On the upside, 77.81/78.00 zone caps for now and only break of the latter would ease bear pressure and open way for stronger recovery.
Res: 77.39, 77.81, 78.03, 78.16
Sup: 76.95, 76.82, 76.58, 76.28
USD/CHF
Extended the broader downtrend after ending the near-term consolidation at 0.8000 zone, to post fresh historical low at 0.7608 today. Strong bounce from here has so far regained 0.7786, where gains stalled and subsequent pullback erased a good part of today’s gains. Hopes of fresh recovery are now fading and focus turns towards 0.7626/08, today’s lows, with fresh historical low in sight on break of the latter.
Res: 0.7732, 0.7786, 0.7800, 0.7825
Sup: 0.7658, 0.7626, 0.7608, 0.7600
EUR/USD
Reversal from 1.4536, 27 July high, has found temporary ground at 1.4142, today’s low, ahead of strong bounce. Clearance of the initial resistance at 1.4280, extended gains through 1.4300 barrier, to reach 1.4343, also Fib 50% of 1.4536/1.4142 downleg. Near- tone is regaining momentum and this averts immediate downside risk in favor of further gains. Daily 90 day MA offers initial barrier at 1.4366, ahead of 1.4400 and key near-term resistance at 1.4452. Corrective pullback on overbought hourly studies should be contained by 20 day MA, currently at 1.4263, to maintain immediate bull tone.
Res: 1.4343, 1.4403, 1.4452, 1.4500
Sup: 1.4303, 1.4285, 1.4253, 1.4200
GBP/USD
Improve the near-term tone after bounce from yesterday’s low at 1.6223 broke through 1.6328 barrier, also clearing 4-hour 20 day MA at 1.6338, to turn focus higher. Regain of 1.6400 mark, also retracing over 61.8% of 1.6474/1.6223 decline, would signal an end of corrective phase and possibly open 1.6474 high for retest, with break here to signal resumption of the broader uptrend from 1.5779. Corrective reversal on overbought hourly studies, needs to be contained above 1.6300 to maintain near-term positive tone.
Res: 1.6407, 1.6457, 1.6474, 1.6500
Sup: 1.6372, 1.6338, 1.6328, 1.6315
USD/JPY
Remains in a near-term corrective mode after extending broader bear trend through previous all-time low at 76.32, posted on 16 Mar, to hit marginally fresh record low at 76.28. Corrective bounce has so far been capped at77.81, just ahead of 78.00, strong barrier, with subsequent pullback attempting below 77.00 support, loss of which would turn the near-term tone negative and re-focus 76.28 low. On the upside, 77.81/78.00 zone caps for now and only break of the latter would ease bear pressure and open way for stronger recovery.
Res: 77.39, 77.81, 78.03, 78.16
Sup: 76.95, 76.82, 76.58, 76.28
USD/CHF
Extended the broader downtrend after ending the near-term consolidation at 0.8000 zone, to post fresh historical low at 0.7608 today. Strong bounce from here has so far regained 0.7786, where gains stalled and subsequent pullback erased a good part of today’s gains. Hopes of fresh recovery are now fading and focus turns towards 0.7626/08, today’s lows, with fresh historical low in sight on break of the latter.
Res: 0.7732, 0.7786, 0.7800, 0.7825
Sup: 0.7658, 0.7626, 0.7608, 0.7600
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Holds the near-term strength off 1.4142, yesterday’s low, with pullback from 1.4371, overnight’s high, being contained by 4-hour 20 day MA at 1.4270. Fresh strength needs to clear 1.4371/80, previous high / bear trendline drawn off 1.4536, to signal an end of short-term downtrend from 1.4536 and open 1.4452 next. Failure under 1.4380, however, would risk fresh leg lower and continuation of bearish phase from 1.4536.
Res: 1.4371, 1.4380, 1.4403, 1.4452
Sup: 1.4265, 1.4257, 1.4234, 1.4200
GBP/USD
Improves the near-term tone after bounce from1.6223 extended gains through 1.6400 barrier, to post fresh high at 1.6438, ahead of pullback. Correction was so far contained at 1.6343, 20 day MA, with fresh gains under way and keeping the near-term positive structure in play. Clearance of 1.6438 to open key near-term resistance at 1.6474, above which would resume short-term bulls from 1.5779 and expose 1.6546, 31 May high. However, failure to clear 1.6438 would risk lower top and fresh near-term weakness.
Res: 1.6389, 1.6438, 1.6474, 1.6500
Sup: 1.6343, 1.6328, 1.6315, 1.6300
USD/JPY
Sharp bounce followed today’s intervention, as the pair was in a consolidative mode just above fresh record low at 76.28. Strong rally regained 79.00 mark, currently approaching strong resistance zone at 79.55/68, previous lows and range bottom, clearance of which to open way towards important 80.00 level, and possibly extend towards 81.00/50 zone. Extremely overbought near-term studies, however, suggest correction, with possible pullback to be contained above 78.00, to maintain current positive structure.
Res: 79.55, 79.68, 80.00, 80.25
Sup: 79.00, 78.70, 78.25, 78.03
USD/CHF
The recent recovery from the fresh record low at 0.7608 regained initial barrier at 0.7800, with signal of potential stronger recovery, as daily studies are extremely extended. Nest important barrier lies at 0.7855, above which to open 0.7900/55. Hourly 20 day MA at 0.7715 underpins the advance.
Res: 0.7800, 0.7855, 0.7904, 0.7955
Sup: 0.7756, 0.7696, 0.7663, 0.7634
EUR/USD
Holds the near-term strength off 1.4142, yesterday’s low, with pullback from 1.4371, overnight’s high, being contained by 4-hour 20 day MA at 1.4270. Fresh strength needs to clear 1.4371/80, previous high / bear trendline drawn off 1.4536, to signal an end of short-term downtrend from 1.4536 and open 1.4452 next. Failure under 1.4380, however, would risk fresh leg lower and continuation of bearish phase from 1.4536.
Res: 1.4371, 1.4380, 1.4403, 1.4452
Sup: 1.4265, 1.4257, 1.4234, 1.4200
GBP/USD
Improves the near-term tone after bounce from1.6223 extended gains through 1.6400 barrier, to post fresh high at 1.6438, ahead of pullback. Correction was so far contained at 1.6343, 20 day MA, with fresh gains under way and keeping the near-term positive structure in play. Clearance of 1.6438 to open key near-term resistance at 1.6474, above which would resume short-term bulls from 1.5779 and expose 1.6546, 31 May high. However, failure to clear 1.6438 would risk lower top and fresh near-term weakness.
Res: 1.6389, 1.6438, 1.6474, 1.6500
Sup: 1.6343, 1.6328, 1.6315, 1.6300
USD/JPY
Sharp bounce followed today’s intervention, as the pair was in a consolidative mode just above fresh record low at 76.28. Strong rally regained 79.00 mark, currently approaching strong resistance zone at 79.55/68, previous lows and range bottom, clearance of which to open way towards important 80.00 level, and possibly extend towards 81.00/50 zone. Extremely overbought near-term studies, however, suggest correction, with possible pullback to be contained above 78.00, to maintain current positive structure.
Res: 79.55, 79.68, 80.00, 80.25
Sup: 79.00, 78.70, 78.25, 78.03
USD/CHF
The recent recovery from the fresh record low at 0.7608 regained initial barrier at 0.7800, with signal of potential stronger recovery, as daily studies are extremely extended. Nest important barrier lies at 0.7855, above which to open 0.7900/55. Hourly 20 day MA at 0.7715 underpins the advance.
Res: 0.7800, 0.7855, 0.7904, 0.7955
Sup: 0.7756, 0.7696, 0.7663, 0.7634
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Failure to regain bear trendline, drawn off 1.4536 at 1.4380, has triggered fresh weakness and extension of the short-term downtrend from 1.4536, 27 July high. The latest fall from 1.4371, yesterday’s high, has nearly fully retraced 1.4142/1.4371 ascend, hitting 1.4151 low so far. Loss of 1.4142 support would confirm lower top at 1.4371 and signal further extension lower, with 1.4100 zone, Fib 61.8% of 1.3836/1.4536 upleg / bear-channel support, seen next, ahead of 1.4013, 17 July low, below which brings 1.3836, 12 July low in focus. Hourly 20 day MA, currently at 1.4290, maintains the near-term bear-tone, while only regain of 1.4371 barrier would improves.
Res: 1.4206, 1.4262, 1.4278, 1.4300
Sup: 1.4142, 1.4107, 1.4093, 1.4067
GBP/USD
Trades in a near-term consolidative mode, after short-term gains stalled at 1.6474 on 01 Aug. Corrective pullback has so far been contained at 1.6223 on 02 Aug, with broader picture still keeping bullish structure intact. Holding above 1.6223, 02 Aug low / daily 55 day MA, keeps focus at 1.6474, above which opens 1.6500/46 barriers. Loss of 1.6223, however, would risk deeper correction and expose 1.6207, Fib 38.2% of 1.5779/1.6474 upleg.
Res: 1.6370, 1.6395, 1.6438, 1.6474
Sup: 1.6310, 1.6285, 1.6250, 1.6223
USD/JPY
Extended strong rally after this morning’s intervention, surging from 77.00 zone, to reach levels above 80.00. Regain of previous lows at 79.55/68 has improved the near-term outlook and turned focus towards 81.00/46, next upside barriers. Corrective pullback on overbought hourly conditions is under way, with reversal above 78.00 zone required to maintain near-term positive tone.
Res: 79.55, 79.68, 80.00, 80.23
Sup: 78.72, 78.25, 78.03, 77.80
USD/CHF
The recent recovery from the fresh record low at 0.7608 regained initial barrier at 0.7800, with signal of potential stronger recovery, as daily studies are extremely extended. Next important barrier lies at 0.7855, above which to open 0.7900/55. Corrective pullback on overbought hourlies is under way, with reversal required above 0.7680 to maintain near-term bullish stance, otherwise it would signal a return to broader bear-trend and re-focus 0.7608, historical low, posted on 03 Aug.
Res: 0.7781, 0.7800, 0.7855, 0.7904
Sup: 0.7690, 0.7680, 0.7634, 0.7608
EUR/USD
Failure to regain bear trendline, drawn off 1.4536 at 1.4380, has triggered fresh weakness and extension of the short-term downtrend from 1.4536, 27 July high. The latest fall from 1.4371, yesterday’s high, has nearly fully retraced 1.4142/1.4371 ascend, hitting 1.4151 low so far. Loss of 1.4142 support would confirm lower top at 1.4371 and signal further extension lower, with 1.4100 zone, Fib 61.8% of 1.3836/1.4536 upleg / bear-channel support, seen next, ahead of 1.4013, 17 July low, below which brings 1.3836, 12 July low in focus. Hourly 20 day MA, currently at 1.4290, maintains the near-term bear-tone, while only regain of 1.4371 barrier would improves.
Res: 1.4206, 1.4262, 1.4278, 1.4300
Sup: 1.4142, 1.4107, 1.4093, 1.4067
GBP/USD
Trades in a near-term consolidative mode, after short-term gains stalled at 1.6474 on 01 Aug. Corrective pullback has so far been contained at 1.6223 on 02 Aug, with broader picture still keeping bullish structure intact. Holding above 1.6223, 02 Aug low / daily 55 day MA, keeps focus at 1.6474, above which opens 1.6500/46 barriers. Loss of 1.6223, however, would risk deeper correction and expose 1.6207, Fib 38.2% of 1.5779/1.6474 upleg.
Res: 1.6370, 1.6395, 1.6438, 1.6474
Sup: 1.6310, 1.6285, 1.6250, 1.6223
USD/JPY
Extended strong rally after this morning’s intervention, surging from 77.00 zone, to reach levels above 80.00. Regain of previous lows at 79.55/68 has improved the near-term outlook and turned focus towards 81.00/46, next upside barriers. Corrective pullback on overbought hourly conditions is under way, with reversal above 78.00 zone required to maintain near-term positive tone.
Res: 79.55, 79.68, 80.00, 80.23
Sup: 78.72, 78.25, 78.03, 77.80
USD/CHF
The recent recovery from the fresh record low at 0.7608 regained initial barrier at 0.7800, with signal of potential stronger recovery, as daily studies are extremely extended. Next important barrier lies at 0.7855, above which to open 0.7900/55. Corrective pullback on overbought hourlies is under way, with reversal required above 0.7680 to maintain near-term bullish stance, otherwise it would signal a return to broader bear-trend and re-focus 0.7608, historical low, posted on 03 Aug.
Res: 0.7781, 0.7800, 0.7855, 0.7904
Sup: 0.7690, 0.7680, 0.7634, 0.7608
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Continues to channel lower and extend the recent downleg from 1.4371, 04 Aug high. Break below yesterday’s low at 1.4142 triggered fresh dip through 1.4100, Fib 61.8% of 1.3836/1.4536 ascend, channel support at 1.4083 and 1.4067, 19 July low, to reach fresh low at 1.4056 today. This turns focus towards strong support at 1.4013, 18 July low. Corrective attempt from 1.4056 on oversold hourly conditions has so far been contained at 1.4125, hourly 20 day MA, maintaining near-term bears. Only lift above 1.4165/90 zone improves near-term tone.
Res: 1.4125, 1.4165, 1.4188, 1.4206
Sup: 1.4072, 1.4056, 1.4013, 1.3950
GBP/USD
Yesterday’s upside rejection at 1.6438 has triggered fresh weakness to 1.6228, just above week’s low and key near-term support at 1.6223. Loss of the latter to confirm near-term negative tone and open way for downside extension and expose 1.6207, Fib 38.2% of 1.5779/1.6474 upleg and 1.6192, 14 July high, ahead of 1.6120, 21 July low. Current bounce is for now seen limited at 1.6280 zone, with possible break higher to resume the recent range trade and open 1.6370/95 instead.
Res: 1.6285, 1.6308, 1.6335, 1.6370
Sup: 1.6244, 1.6228, 1.6223, 1.6207
USD/JPY
Has so far erased over 50% of yesterday’s strong rally from 77.00 zone that peaked 80.23, as subsequent pullback returned to 78.30, interrupted by short-lived spike to 79.41 this morning. Daily studies keep positive tone for fresh push higher, with 78.00 zone, required to hold dips.
Res: 78.66, 78.81, 79.00, 79.33
Sup: 78.31, 78.03, 77.80, 77.39
USD/CHF
Near-term tone turns negative again, as failure to sustain gains on recovery attempt from 0.7608, fresh record low, triggered reversal from 0.7800 and dip to 0.7615, just above 0.7608. However, holding above the latter, keeps hopes of fresh recovery alive, as overextended daily suggest correction. Regain of minimum 0.7800 is required to confirm and signal near-term basing attempt.
Res: 0.7700, 0.7738, 0.7781, 0.7800
Sup: 0.7638, 0.7615, 0.7608, 0.7550
EUR/USD
Continues to channel lower and extend the recent downleg from 1.4371, 04 Aug high. Break below yesterday’s low at 1.4142 triggered fresh dip through 1.4100, Fib 61.8% of 1.3836/1.4536 ascend, channel support at 1.4083 and 1.4067, 19 July low, to reach fresh low at 1.4056 today. This turns focus towards strong support at 1.4013, 18 July low. Corrective attempt from 1.4056 on oversold hourly conditions has so far been contained at 1.4125, hourly 20 day MA, maintaining near-term bears. Only lift above 1.4165/90 zone improves near-term tone.
Res: 1.4125, 1.4165, 1.4188, 1.4206
Sup: 1.4072, 1.4056, 1.4013, 1.3950
GBP/USD
Yesterday’s upside rejection at 1.6438 has triggered fresh weakness to 1.6228, just above week’s low and key near-term support at 1.6223. Loss of the latter to confirm near-term negative tone and open way for downside extension and expose 1.6207, Fib 38.2% of 1.5779/1.6474 upleg and 1.6192, 14 July high, ahead of 1.6120, 21 July low. Current bounce is for now seen limited at 1.6280 zone, with possible break higher to resume the recent range trade and open 1.6370/95 instead.
Res: 1.6285, 1.6308, 1.6335, 1.6370
Sup: 1.6244, 1.6228, 1.6223, 1.6207
USD/JPY
Has so far erased over 50% of yesterday’s strong rally from 77.00 zone that peaked 80.23, as subsequent pullback returned to 78.30, interrupted by short-lived spike to 79.41 this morning. Daily studies keep positive tone for fresh push higher, with 78.00 zone, required to hold dips.
Res: 78.66, 78.81, 79.00, 79.33
Sup: 78.31, 78.03, 77.80, 77.39
USD/CHF
Near-term tone turns negative again, as failure to sustain gains on recovery attempt from 0.7608, fresh record low, triggered reversal from 0.7800 and dip to 0.7615, just above 0.7608. However, holding above the latter, keeps hopes of fresh recovery alive, as overextended daily suggest correction. Regain of minimum 0.7800 is required to confirm and signal near-term basing attempt.
Res: 0.7700, 0.7738, 0.7781, 0.7800
Sup: 0.7638, 0.7615, 0.7608, 0.7550
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (09:00 GMT)
EUR/USD
Returns to bear channel off 1.4536 after yesterday’s upside attempt through channel resistance stalled at 1.4429, just ahead of previous high of 01 Aug at 1.4452, with subsequent weakness returning to 1.4150 zone. However, near-term positive outlook keeps hopes of fresh push higher while yesterday’s higher platform at 1.4128 holds, with today’s high at 1.4281 and channel resistance at 1.4304 offering initial resistance. Loss of 1.4128 would confirm short-term bears and expose 1.4056, 05 Aug low and open way for fresh weakness towards key supports at 1.4024/13, channel floor / 18 July low.
Res: 1.4281, 1.4304, 1.4400, 1.4429
Sup: 1.4202, 1.4151, 1.4128, 1.4072
GBP/USD
Short-term price action remains entrenched within 1.6223/1.6475 range, as gains were capped at the latter level and consolidation remains supported at 1.6223, 02 Aug low. While holding above here, short-term positive tone remains intact for fresh attack at 1.6475, above which to open 1.6546, 31 May high, next. Only loss of 1.6223 support would soften short-term tone and allow for stronger correction and open 1.6209/1.6192, Fib 38.2% / 14 July high.
Res: 1.6392, 1.6429, 1.6475, 1.6500
Sup: 1.6266, 1.6244, 1.6228, 1.6223
USD/JPY
Has nearly fully retraced the recent post-intervention rally from 77.10 that returned to previous consolidation range above 80.00, with 80.23 high seen, before bears took over and sent the pair down to 77.00 zone. Record low at 76.28 now comes in focus, however, possible bounce on oversold near-term studies may precede fresh weakness. On the upside, 77.80/78.00 zone offers initial resistance, while regain of 79.00 would signal fresh strength and re-focus 80.00 barrier.
Res: 77.84, 78.00, 78.31, 79.07
Sup: 77.04, 76.77, 76.28, 76.00
USD/CHF
Continues to travel south after mild correction from recent record low at 0.7481, posted yesterday, stalled at 0.7591 and fresh leg lower breached 0.7481 and 0.7400 levels, to hit fresh historical low at 0.7361. Next round figure at 0.7300 comes in focus, while corrective bounce on oversold hourly studies may pause weakness for a while. Significant resistance lies at 0.7600/50 zone, while only above 0.7800 would provide near-term relief.
Res: 0.7400, 0.7481, 0.7525, 0.7591
Sup: 0.7361, 0.7350, 0.7300, 0.7250
EUR/USD
Returns to bear channel off 1.4536 after yesterday’s upside attempt through channel resistance stalled at 1.4429, just ahead of previous high of 01 Aug at 1.4452, with subsequent weakness returning to 1.4150 zone. However, near-term positive outlook keeps hopes of fresh push higher while yesterday’s higher platform at 1.4128 holds, with today’s high at 1.4281 and channel resistance at 1.4304 offering initial resistance. Loss of 1.4128 would confirm short-term bears and expose 1.4056, 05 Aug low and open way for fresh weakness towards key supports at 1.4024/13, channel floor / 18 July low.
Res: 1.4281, 1.4304, 1.4400, 1.4429
Sup: 1.4202, 1.4151, 1.4128, 1.4072
GBP/USD
Short-term price action remains entrenched within 1.6223/1.6475 range, as gains were capped at the latter level and consolidation remains supported at 1.6223, 02 Aug low. While holding above here, short-term positive tone remains intact for fresh attack at 1.6475, above which to open 1.6546, 31 May high, next. Only loss of 1.6223 support would soften short-term tone and allow for stronger correction and open 1.6209/1.6192, Fib 38.2% / 14 July high.
Res: 1.6392, 1.6429, 1.6475, 1.6500
Sup: 1.6266, 1.6244, 1.6228, 1.6223
USD/JPY
Has nearly fully retraced the recent post-intervention rally from 77.10 that returned to previous consolidation range above 80.00, with 80.23 high seen, before bears took over and sent the pair down to 77.00 zone. Record low at 76.28 now comes in focus, however, possible bounce on oversold near-term studies may precede fresh weakness. On the upside, 77.80/78.00 zone offers initial resistance, while regain of 79.00 would signal fresh strength and re-focus 80.00 barrier.
Res: 77.84, 78.00, 78.31, 79.07
Sup: 77.04, 76.77, 76.28, 76.00
USD/CHF
Continues to travel south after mild correction from recent record low at 0.7481, posted yesterday, stalled at 0.7591 and fresh leg lower breached 0.7481 and 0.7400 levels, to hit fresh historical low at 0.7361. Next round figure at 0.7300 comes in focus, while corrective bounce on oversold hourly studies may pause weakness for a while. Significant resistance lies at 0.7600/50 zone, while only above 0.7800 would provide near-term relief.
Res: 0.7400, 0.7481, 0.7525, 0.7591
Sup: 0.7361, 0.7350, 0.7300, 0.7250
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (07:30 GMT)
EUR/USD
Maintains the near-term momentum from last Friday’s low at 1.4056, with succession of higher lows just above trendline support drawn off 1.4056, keeping near-term bulls in play. Renewed attempt through bear trendline from 1.4536 high, at 1.4300 zone, holds gains for now, however, regain of 1.4429, Monday’s high and 1.4452, high of 01 Aug, also daily Ichimoku cloud ceiling is required to confirm strength and open 1.4536 for retest. On the downside, 20 day MA on 4-hour chart, currently at 1.4240, underpins the advance, while only break blow 1.4200 support zone would soften near-term structure.
Res: 1.4400, 1.4429, 1.4452, 1.4500
Sup: 1.4309, 1.4287, 1.4206, 1.4194
GBP/USD
Yesterday’s break below key near-term support at 1.6223, recent consolidative range floor, weakens the near-term structure and opens way for further retracement of the recent 1.5779/1.6475 ascend. Yesterday’s fresh low at 1.6175 marks of Fib 38.2% with fresh leg lower, after mild correction into 1.6300 zone, looking for retest of 1.6175, below which to expose 1.6128, 50% retracement, next. On the upside, overnight’s high at 1.6309 offers immediate cap, while only break above 1.6400 zone improves.
Res: 1.6309, 1.6388, 1.6409, 1.6470
Sup: 1.6241, 1.6207, 1.6175, 1.6128
USD/JPY
Continues to trend lower after post-intervention rally stalled at 80.23, and subsequent weakness erased completely the recent gains, losing 77.00/76.77 support. Losses so far reached 76.64, with focus now at 01 Aug record low at 76.28, break of which to extend broader weakness and look for test of 76.00/75.50 next. Daily 20 day MA, currently at 79.00 zone, maintains bear-tone.
Res: 77.30, 77.54, 77.81, 78.00
Sup: 76.64, 76.28, 76.00, 75.50
USD/CHF
Bears remain fully in play, after loss of yesterday’s low at 0.7361, triggered sharp decline, to post fresh record low at 0.7067 and approach psychological support at 0.7000. Near-term correction is under way, with 0.7360/0.7400 zone expected to cap, ahead of fresh leg lower. 20 day MA on 4-hour chart, currently at 0.7500 maintains near-term bears and only break here to signal stronger correction.
Res: 0.7330, 0.7361, 0.7403, 0.7481
Sup: 0.7203, 0.7179, 0.7129, 0.7067
EUR/USD
Maintains the near-term momentum from last Friday’s low at 1.4056, with succession of higher lows just above trendline support drawn off 1.4056, keeping near-term bulls in play. Renewed attempt through bear trendline from 1.4536 high, at 1.4300 zone, holds gains for now, however, regain of 1.4429, Monday’s high and 1.4452, high of 01 Aug, also daily Ichimoku cloud ceiling is required to confirm strength and open 1.4536 for retest. On the downside, 20 day MA on 4-hour chart, currently at 1.4240, underpins the advance, while only break blow 1.4200 support zone would soften near-term structure.
Res: 1.4400, 1.4429, 1.4452, 1.4500
Sup: 1.4309, 1.4287, 1.4206, 1.4194
GBP/USD
Yesterday’s break below key near-term support at 1.6223, recent consolidative range floor, weakens the near-term structure and opens way for further retracement of the recent 1.5779/1.6475 ascend. Yesterday’s fresh low at 1.6175 marks of Fib 38.2% with fresh leg lower, after mild correction into 1.6300 zone, looking for retest of 1.6175, below which to expose 1.6128, 50% retracement, next. On the upside, overnight’s high at 1.6309 offers immediate cap, while only break above 1.6400 zone improves.
Res: 1.6309, 1.6388, 1.6409, 1.6470
Sup: 1.6241, 1.6207, 1.6175, 1.6128
USD/JPY
Continues to trend lower after post-intervention rally stalled at 80.23, and subsequent weakness erased completely the recent gains, losing 77.00/76.77 support. Losses so far reached 76.64, with focus now at 01 Aug record low at 76.28, break of which to extend broader weakness and look for test of 76.00/75.50 next. Daily 20 day MA, currently at 79.00 zone, maintains bear-tone.
Res: 77.30, 77.54, 77.81, 78.00
Sup: 76.64, 76.28, 76.00, 75.50
USD/CHF
Bears remain fully in play, after loss of yesterday’s low at 0.7361, triggered sharp decline, to post fresh record low at 0.7067 and approach psychological support at 0.7000. Near-term correction is under way, with 0.7360/0.7400 zone expected to cap, ahead of fresh leg lower. 20 day MA on 4-hour chart, currently at 0.7500 maintains near-term bears and only break here to signal stronger correction.
Res: 0.7330, 0.7361, 0.7403, 0.7481
Sup: 0.7203, 0.7179, 0.7129, 0.7067
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (09:00 GMT)
EUR/USD
Failed to sustain yesterday’s break above short-term bear-channel resistance, as gains stalled on approach to 1.429 high at 1.4400. Subsequent reversal dipped briefly below 1.4128, previous low, to find support at 1.4122, ahead of fresh attempt higher. Near-term positive tone remains in play while 1.4127/22, trendline support / today’s low, hold, with regain of 1.4400/29 required to resume near-term recovery from 1.4056 and open way for test of 1.4452. Loss of 1.4128, however, would signal a return to weakness and extension of the short-term downtrend from 1.4536, 27 July peak.
Res: 1.4278, 1.4309, 1.4400, 1.4429
Sup: 1.4205, 1.4161, 1.4122, 1.4072
GBP/USD
Yesterday’s break below 1.6223, 02 Aug low and recent consolidation range floor, signal further correction of the broader uptrend from 1.5779, with 1.6110 low seen so far, marking over Fib 50% retracement of 1.5779/1.6475 ascend. Immediate tone remains negative and favors further extension lower to test 200 day MA at 1.6085 and Fib 61.8% at 1.6045, break of which would confirm short-term top and open way for test of psychological level at 1.6000. On the upside, 1.6223 offers initial resistance, while 20 day MA on 4-hour chart, currently at 1.6275, maintains bear tone.
Res: 1.6206, 1.6223, 1.6279, 1.6333
Sup: 1.6154, 1.6110, 1.6085, 1.6045
USD/JPY
Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Near-term consolidation above the latter is now under way, however, overall structure remains negative and favors fresh attempt lower, with loss of 76.30 to look for test of 76.00 initially. On the upside, regain of minimum 77.80/78.00 is required to ease immediate bear pressure.
Res: 77.25, 77.84, 78.00, 78.31
Sup: 76.43, 76.28, 76.00, 75.50
USD/CHF
Near-term corrective attempt is under way, following the latest sharp decline that posted fresh historical low at 0.7067 on 09 Aug. The recovery has so far retraced over 38.2% of 0.7800/0.7067 decline, currently attempting through 20 day MA, above which to open Fib 50% at 0.7433, then 0.7480, possibly 0.7517, Fib 61.8%, on a break. Clearance of the latter would signal near-term basing, ahead of stronger recovery, otherwise, lower top and fresh leg lower would be the likely scenario.
Res: 0.7433, 0.7481, 0.7517, 0.7532
Sup: 0.7270, 0.7237, 0.7179, 0.7067
EUR/USD
Failed to sustain yesterday’s break above short-term bear-channel resistance, as gains stalled on approach to 1.429 high at 1.4400. Subsequent reversal dipped briefly below 1.4128, previous low, to find support at 1.4122, ahead of fresh attempt higher. Near-term positive tone remains in play while 1.4127/22, trendline support / today’s low, hold, with regain of 1.4400/29 required to resume near-term recovery from 1.4056 and open way for test of 1.4452. Loss of 1.4128, however, would signal a return to weakness and extension of the short-term downtrend from 1.4536, 27 July peak.
Res: 1.4278, 1.4309, 1.4400, 1.4429
Sup: 1.4205, 1.4161, 1.4122, 1.4072
GBP/USD
Yesterday’s break below 1.6223, 02 Aug low and recent consolidation range floor, signal further correction of the broader uptrend from 1.5779, with 1.6110 low seen so far, marking over Fib 50% retracement of 1.5779/1.6475 ascend. Immediate tone remains negative and favors further extension lower to test 200 day MA at 1.6085 and Fib 61.8% at 1.6045, break of which would confirm short-term top and open way for test of psychological level at 1.6000. On the upside, 1.6223 offers initial resistance, while 20 day MA on 4-hour chart, currently at 1.6275, maintains bear tone.
Res: 1.6206, 1.6223, 1.6279, 1.6333
Sup: 1.6154, 1.6110, 1.6085, 1.6045
USD/JPY
Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Near-term consolidation above the latter is now under way, however, overall structure remains negative and favors fresh attempt lower, with loss of 76.30 to look for test of 76.00 initially. On the upside, regain of minimum 77.80/78.00 is required to ease immediate bear pressure.
Res: 77.25, 77.84, 78.00, 78.31
Sup: 76.43, 76.28, 76.00, 75.50
USD/CHF
Near-term corrective attempt is under way, following the latest sharp decline that posted fresh historical low at 0.7067 on 09 Aug. The recovery has so far retraced over 38.2% of 0.7800/0.7067 decline, currently attempting through 20 day MA, above which to open Fib 50% at 0.7433, then 0.7480, possibly 0.7517, Fib 61.8%, on a break. Clearance of the latter would signal near-term basing, ahead of stronger recovery, otherwise, lower top and fresh leg lower would be the likely scenario.
Res: 0.7433, 0.7481, 0.7517, 0.7532
Sup: 0.7270, 0.7237, 0.7179, 0.7067
WindsorBrokers
Experienced member
- Messages
- 1,287
- Likes
- 2
Short Term Technical Analysis for Majors (09:00 GMT)
EUR/USD
Narrows the range after the bounce from 1.4102, yesterday’s low, stalled on approach to 1.4300 level, while downside remains supported by bull-trendline off 1.4056, 05 Aug low. Double false break above channel ceiling and succession of lower tops, keeps the short-term outlook negative, with break below 1.4100 required to confirm. Further down, 1.4056 acts as key near-term support, with break here to signal a resumption of the downtrend from 1.4536 and expose significant support at 1.4013 next. On the upside, only regain of 1.4400/29 zone would sideline current bears and open way for fresh gains for test of 1.4452, 01 Aug high.
Res: 1.4256, 1.4292, 1.4309, 1.4400
Sup: 1.4149, 1.4122, 1.4102, 1.4072
GBP/USD
Corrects the latest slide from 1.6475 high that broke below 1.6223, the recent range floor, to extend losses to 1.6110 low yesterday. Recovery attempt has so far retraced 50% of 1.6475/1.6110 decline at 1.6290, with 1.6333, Fib 61.8% and 10 Aug high in sight. Near-term studies remain supportive, with hourly 20 day MA at 1.6220, underpinning the advance, ahead of key near-term support at 1.6165, loss of which would turn immediate tone negative.
Res: 1.6300, 1.6333, 1.6409, 1.6475
Sup: 1.6240, 1.6227, 1.6200, 1.6165
USD/JPY
Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Near-term consolidation above the latter is under way, however, overall structure remains negative and favors fresh attempt lower, with loss of 76.30 to look for test of 76.00 initially. On the upside, regain of minimum 77.80/78.00 is required to ease immediate bear pressure.
Res: 77.01, 77.25, 77.84, 78.00
Sup: 76.59, 76.43, 76.28, 76.00
USD/CHF
Near-term corrective attempt is under way, following the latest sharp decline that posted fresh historical low at 0.7067 on 09 Aug. The recovery has nearly fully retraced the latest downleg from 0.7800, with break above the latter to signal near-term basing and allow for stronger recovery towards 0.7850/0.7900. However, overbought near-term studies and bearish divergence on hourly MACD, suggest pullback, with 0.7500 zone expected to contain dips to keep immediate bulls intact.
Res: 0.7765, 0.7800, 0.7850, 0.7900
Sup: 0.7700, 0.7685, 0.7604, 0.7546
EUR/USD
Narrows the range after the bounce from 1.4102, yesterday’s low, stalled on approach to 1.4300 level, while downside remains supported by bull-trendline off 1.4056, 05 Aug low. Double false break above channel ceiling and succession of lower tops, keeps the short-term outlook negative, with break below 1.4100 required to confirm. Further down, 1.4056 acts as key near-term support, with break here to signal a resumption of the downtrend from 1.4536 and expose significant support at 1.4013 next. On the upside, only regain of 1.4400/29 zone would sideline current bears and open way for fresh gains for test of 1.4452, 01 Aug high.
Res: 1.4256, 1.4292, 1.4309, 1.4400
Sup: 1.4149, 1.4122, 1.4102, 1.4072
GBP/USD
Corrects the latest slide from 1.6475 high that broke below 1.6223, the recent range floor, to extend losses to 1.6110 low yesterday. Recovery attempt has so far retraced 50% of 1.6475/1.6110 decline at 1.6290, with 1.6333, Fib 61.8% and 10 Aug high in sight. Near-term studies remain supportive, with hourly 20 day MA at 1.6220, underpinning the advance, ahead of key near-term support at 1.6165, loss of which would turn immediate tone negative.
Res: 1.6300, 1.6333, 1.6409, 1.6475
Sup: 1.6240, 1.6227, 1.6200, 1.6165
USD/JPY
Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Near-term consolidation above the latter is under way, however, overall structure remains negative and favors fresh attempt lower, with loss of 76.30 to look for test of 76.00 initially. On the upside, regain of minimum 77.80/78.00 is required to ease immediate bear pressure.
Res: 77.01, 77.25, 77.84, 78.00
Sup: 76.59, 76.43, 76.28, 76.00
USD/CHF
Near-term corrective attempt is under way, following the latest sharp decline that posted fresh historical low at 0.7067 on 09 Aug. The recovery has nearly fully retraced the latest downleg from 0.7800, with break above the latter to signal near-term basing and allow for stronger recovery towards 0.7850/0.7900. However, overbought near-term studies and bearish divergence on hourly MACD, suggest pullback, with 0.7500 zone expected to contain dips to keep immediate bulls intact.
Res: 0.7765, 0.7800, 0.7850, 0.7900
Sup: 0.7700, 0.7685, 0.7604, 0.7546