Short Term Technical Analysis for Majors

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
The pair consolidates after yesterday’s drop that ended at 1.2225 and during the Asian session have tested 1.2290 but failed to break. A retest of 1.2225 is expected today while bears remain in play below 1.2290, Fibo 38.2% pullback of 1.2390/1.2225 fall. A break of 1.2290 would open 1.2325 and 1.2350 next, while a drop below 1.2290 would open the path for 1.2165, 25th of July high, which would allow further down risk on the medium run.

Res: 1.2290, 1.2310, 1.2325, 1.2350
Sup: 1.2225, 1.2185, 1.2170, 1.2120

GBP/USD
Neutral outlook continues after the sideway action that dominated the Cable during the past 30 hours while the pair remains below 1.5770 medium term barrier. Currently consolidating between 1.5665 support and 1.5725 first near term resistance. Range traders remains in play while 1.5675/65 zone remains intact, a drop there would open the path for further downside towards 1.5645 and 1.5590 next, opening 1.5550 5th of July high. On the other hand a break of 1.5725/30 would open 1.5755 and 1.5775 next.


Res: 1.5725, 1.5730, 1.5755, 1.5775
Sup: 1.5675, 1.5665, 1.5590, 1.5550

USD/JPY
After yesterday’s drop, the pair neutral action moved in narrow range while it still holds below 78.40. From the downside, a fall below 78.05 would open 77.95 zone that would trigger further acceleration towards 77.66 1st of Jun low. On the upside, 78.30 would open 78.40, a break on the latter would open way to bulls for a test of 78.68 peak.

Res: 78.30, 78.40, 78.65, 78.95
Sup: 78.10, 77.95, 77.65, 77.35

Gold
The precious have edged higher yesterday towards medium term barrier zone 1640-1635, while yesterday’s action was contained at 1629.20, bears are on call if price action dropped below 1615 and 1610 next, targeting 1600 and 1590 next, below the latter would open further downside towards 1565 zone. On the other hand, the upside is still intact for a continuation of the uptrend; however 1635-40 zone should be the boiling point for a rally higher towards 1670/80 zone and 1700 next.

Res: 1629, 1635, 1640, 1670
Sup: 1615, 1610, 1600, 1590

 

[WindsorBrokers]

EUR/USD
Trading in narrow range ahead of a busy day of economical figures, and after fading hopes of stimulus news, the pair managed to rise as high as 1.2330 so far ahead of 1.2350, a break there would open further acceleration towards 1.24010/35 zone, 24th July Low. On the other hand we have seen a higher low action during the past couple of days starting from 1.2225 30th July low up till now. Support levels are found at 1.2280 ahead of 1.2265, while 1.2225 remains the main trigger for bears.
Res: 1.2330, 1.2350, 1.2390, 1.2410
Sup: 1.2280, 1.2265, 1.2225, 1.2170

GBP/USD
Negative outlook remains in play as long as the pair remains below 1.5700 to continue the head & shoulders pattern, another resistance is seen at 1.5730 ahead of medium term barrier of 1.5775, highest point since 22nd May. From the downside support can be visible at 1.5655 ahead of yesterdays low at 1.5625, a break would target 1.5590 and then 1.5550 zone.
Res: 1.5700, 1.5730, 1.5755, 1.5775
Sup: 1.5655, 1.5625, 1.5590, 1.5550

USD/JPY
More volatility than yesterday is seen on the pair after the drop to first support at 77.95 during the Asian session, followed by the rise towards 78.30 zone where the first resistance is visible. A break of the said two points would open a direction for the pair either up towards previous peak of 27th July at 78.68 or below towards 77.65 low of 1st of June.
Res: 78.30, 78.40, 78.65, 78.95
Sup: 77.95, 77.65, 77.35, 76.50

Gold
Trading on a side way action until yesterday’s evening drop towards 1610 gave bulls the momentum to re-enter the market and lift the Gold towards 1620 resistance. Breaking that resistance would open further upside to previous highs of 1627-29 zone and maybe higher towards the upper range of the sideway medium term trend to 1640. On the other hand, holding 1620 would trigger bears to test 1610 and 1600 next, which might open further drop towards 1590 and 1582
Res: 1620, 1629, 1635, 1640
Sup: 1610, 1600, 1590, 1582

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
Trading in narrow range ahead of a busy day of economical figures, and after fading hopes of stimulus news, the pair managed to rise as high as 1.2330 so far ahead of 1.2350, a break there would open further acceleration towards 1.24010/35 zone, 24th July Low. On the other hand we have seen a higher low action during the past couple of days starting from 1.2225 30th July low up till now. Support levels are found at 1.2280 ahead of 1.2265, while 1.2225 remains the main trigger for bears.
Res: 1.2330, 1.2350, 1.2390, 1.2410
Sup: 1.2280, 1.2265, 1.2225, 1.2170

GBP/USD
Negative outlook remains in play as long as the pair remains below 1.5700 to continue the head & shoulders pattern, another resistance is seen at 1.5730 ahead of medium term barrier of 1.5775, highest point since 22nd May. From the downside support can be visible at 1.5655 ahead of yesterdays low at 1.5625, a break would target 1.5590 and then 1.5550 zone.
Res: 1.5700, 1.5730, 1.5755, 1.5775
Sup: 1.5655, 1.5625, 1.5590, 1.5550

USD/JPY
More volatility than yesterday is seen on the pair after the drop to first support at 77.95 during the Asian session, followed by the rise towards 78.30 zone where the first resistance is visible. A break of the said two points would open a direction for the pair either up towards previous peak of 27th July at 78.68 or below towards 77.65 low of 1st of June.
Res: 78.30, 78.40, 78.65, 78.95
Sup: 77.95, 77.65, 77.35, 76.50

Gold
Trading on a side way action until yesterday’s evening drop towards 1610 gave bulls the momentum to re-enter the market and lift the Gold towards 1620 resistance. Breaking that resistance would open further upside to previous highs of 1627-29 zone and maybe higher towards the upper range of the sideway medium term trend to 1640. On the other hand, holding 1620 would trigger bears to test 1610 and 1600 next, which might open further drop towards 1590 and 1582
Res: 1620, 1629, 1635, 1640
Sup: 1610, 1600, 1590, 1582

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
After the FOMC rate statement the single currency has dropped sharply to 1.2218 few pips lower our initial support at 1.2225 30th July low, hourly oversold conditions could drive the pair higher towards 1.2270 and probably to 1.2284 zone, maintaining those resistance levels would signal further acceleration again lower for another test of 1.2225 and 1.2165 next. Only a break of 1.2284 would signal an uptrend.

Res: 1.2270, 1.2284, 1.2350, 1.2390
Sup: 1.2225, 1.2195, 1.2170, 1.2120

GBP/USD
Still in negative tone, the cable managed to break all three support during yesterdays drop, lowest price reached was 1.5522 ahead of 1.5500 zone. From the upside a corrective action could take place reaching 1.5582 and 1.5622 next, which would open further upside for bulls. Oversold conditions could add a little to the upside to the previously mentioned resistance levels, however, 1.5470 could be in sight ahead of 1.5400 medium term barrier.

Res: 1.5570, 1.5620, 1.5690, 1.5725
Sup: 1.5520, 1.5500, 1.5470, 1.5400

USD/JPY
A rise was established towards 30th July high at 78.54 ahead of previous peak of 29th July high at 78.68, this 15 pips zone would open the path for more acceleration to the upside, if broken, towards 79.15 strong resistance level. Any drop below 78.30/25 level would trigger a negative tone towards 77.95 zone.

Res: 78.55, 78.68, 78.95, 79.15
Sup: 78.30, 78.25, 77.95, 77.65

NZDUSD
Trading in a side way for the past week between 0.8070 and 0.8140 zone, the Kiwi dropped in a sharp move reaching 0.8067 zone ahead of support at 0.8055 19th July high, ahead of 0.8030 support. Holding these supports will keep the positive tone to test the 0.8240 zone 30th April high, however, a break of 0.8143 yesterdays high is needed to confirm bulls. And drop below 0.8030 would signal the go to bears for a drop to 0.07920

Res: 0.8130, 0.8143, 0.8180, 0.8240
Sup: 0.8070, 0.8055, 0.8030, 0.7990

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
After the FOMC rate statement the single currency has dropped sharply to 1.2218 few pips lower our initial support at 1.2225 30th July low, hourly oversold conditions could drive the pair higher towards 1.2270 and probably to 1.2284 zone, maintaining those resistance levels would signal further acceleration again lower for another test of 1.2225 and 1.2165 next. Only a break of 1.2284 would signal an uptrend.

Res: 1.2270, 1.2284, 1.2350, 1.2390
Sup: 1.2225, 1.2195, 1.2170, 1.2120

GBP/USD
Still in negative tone, the cable managed to break all three support during yesterdays drop, lowest price reached was 1.5522 ahead of 1.5500 zone. From the upside a corrective action could take place reaching 1.5582 and 1.5622 next, which would open further upside for bulls. Oversold conditions could add a little to the upside to the previously mentioned resistance levels, however, 1.5470 could be in sight ahead of 1.5400 medium term barrier.

Res: 1.5570, 1.5620, 1.5690, 1.5725
Sup: 1.5520, 1.5500, 1.5470, 1.5400

USD/JPY
A rise was established towards 30th July high at 78.54 ahead of previous peak of 29th July high at 78.68, this 15 pips zone would open the path for more acceleration to the upside, if broken, towards 79.15 strong resistance level. Any drop below 78.30/25 level would trigger a negative tone towards 77.95 zone.

Res: 78.55, 78.68, 78.95, 79.15
Sup: 78.30, 78.25, 77.95, 77.65

NZDUSD
Trading in a side way for the past week between 0.8070 and 0.8140 zone, the Kiwi dropped in a sharp move reaching 0.8067 zone ahead of support at 0.8055 19th July high, ahead of 0.8030 support. Holding these supports will keep the positive tone to test the 0.8240 zone 30th April high, however, a break of 0.8143 yesterdays high is needed to confirm bulls. And drop below 0.8030 would signal the go to bears for a drop to 0.07920

Res: 0.8130, 0.8143, 0.8180, 0.8240
Sup: 0.8070, 0.8055, 0.8030, 0.7990

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
Disappointed by the ECB president not mentioning anything about his “What So Ever” statement, the pair when back to the same levels of last week of 26th July lows at 1.2133 after reaching a high of 1.2404 were lies our Strong barrier at 1.2410 zone. Currently the pair is creating a small correction action towards 1.2215 and if broken 1.2255 next. On the downside support is seen at 1.2166 and next 1.2133 previous low, which is expected to open 1.2050 zone.

Res: 1.2220, 1.2255, 1.2310, 1.2350
Sup: 1.2165, 1.2133, 1.2115, 1.2050

GBP/USD
Cable moved in a sharp action after ECB statement which caused a rise to1.5676 then a drop to 1.5490 zone which lies a good support zone. Correction is expected to rise to 1.5585 and if broken 1.5625 next. From the downside a break of 1.5490 would open further losses to 1.5455 and 1.5400 next.

Res: 1.5565, 1.5585, 1.5625, 1.5680
Sup: 1.5490, 1.5455, 1.5415, 1.5400

USD/JPY
Trading in a side way trend for the past two weeks, the pair didn’t manage to break lows of 77.95 zone and on the other hand any rise was contained below 78.65. breaking those 2 zones would open a direction either towards 79.10 or 77.65 zone, which will decide the direction of the pair.

Res: 78.35, 78.68, 78.95, 79.15
Sup: 78.06, , 77.95, 77.65, 77.10

GOLD

After yesterdays ECB statement gold managed to jump to 1615 then reversed back to initial support at 1584/82 zone, which is also a 61.8% Fibo of 1563 /1629 rise. Hourly oversold, drives the Gold for a correction up to 1600 resistance. Ahead of 1610 resistance and 1620 next. On the downside a break of 1584/82 would open further downside towards 1562/64 zone.

Res: 1600, 1610, 1620, 1635
Sup: 1584, 1582, 1563, 1653

 

[WindsorBrokers]

EUR/USD
The single currency has jumped higher in an attempt to break 1.2410/25 medium term resistance and 29th June Low, have managed to reach as high as 1.2443, but a fast reversal below 1.2400 within 2 hours was made. Currently we are looking for the pair to maintain 1.2365 and Fibo 38.2% (1.2130/1.2442) at 1.2325 to maintain bulls for another break through today’s high. A break below 1.2325 would open the downside for a drop to Fibo 50% (1.2130/1.2442) at 1.2290 and 1.2215Suport.

Res: 1.2440, 1.2505, 1.2555, 1.2625
Sup: 1.2365, 1.2325, 1.2290, 1.2215

GBP/USD
Cable was capped at today’s peak 1.5663 zone and dropped lower so far to 1.5610. Side way trend remain in play while it holds above Fibo 38.2% (1.5490/1.5663) at 1.5595, were a break below would open further to the downside for a test of 1.5535 support. A break below 1.5535 and 1.5490 would accelerate the drop to 1.5400 support zone, while a break of 1.5665 would open 1.5690 and 1.5730 next, only a break above 1.5770 would open Medium term bulls.

Res: 1.5665, 1.5690, 1.5730, 1.5770
Sup: 1.5595, 1.5535, 1.5490, 1.5455

USD/JPY
Today’s price action indicates a drop after last Friday’s jump to 78.80 zone Fibo 38.2% (80/77.90), correction could be maintained at 78.2 and if broken down to the bottom side of the border at 77.90 zone, a break there would open 77.65 1st of Jun Low. Any rise above 78.70/80 zone would trigger bulls for a target of 79.10 and 80 next

Res: 1.2220, 1.2255, 1.2310, 1.2350
Sup: 1.2165, 1.2133, 1.2115, 1.2050

GOLD
Remaining in a side way trend on the Medium term between 1640 and 1530, Gold managed to hold the line above 1584 support zone. On the up side we are looking for a further rise to 1611/20 which would open a test of 1630/40 zone. On the downside, a break of 1595 would open further drop to 1584, in which a break would allow bears to target 1566 zone.

Res: 1611, 1620, 1328, 1640
Sup: 1595, 1584, 1566, 1554

 

[WindsorBrokers]

EUR/USD
The single currency remained below Medium term barrier after a break during yesterdays Monday opening, however, it has not managed to drop lower than 1.2330. Price action is expected to remain neutral unless a moment is build in above 1.2420 to open 1.2505 first zone. A break there would open targets of 1.2555 and 1.2625. on the downside a drop below 1.2330 would open 1.2290, 50% Fibo of 1.2130/1.2442.

Res: 1.2420, 1.2440, 1.2505, 1.2555
Sup: 1.2330, 1.2290, 1.2215, 1.2160

GBP/USD
Trading in neutral trend, cable managed to reach as high as 1.5642 ahead of resistance level of 1.5650, this resistance would open further to the upside for a test of 1.5690 and 1.5730, ahead of medium term barrier of 1.5770. The downside is protected by 1.5560 in which would open 1.5520 and 1.5490 next, the downside medium term barrier remain at 1.5400

Res: 1.5650, 1.5690, 1.5730, 1.5770
Sup: 1.5560, 1.5520, 1.5490, 1.5455

USD/JPY
The remains in neutral territory after a drop of 78.70 zone were a false break was made few pips higher that the higher territory, however, still maintained by 77.90/95 zone low of 23ed July and 1st Aug, were if broken a drop is expected to 77.65 low of 1st of Jun. a break of 78.70 would open the upside to 79.10 and 80.00 next.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.10, 76.40

Crude Oil
After penetrating 90.30 zone Oil managed to remain in the high territory for a test of 92.20 zone, a correction should be maintained by 90.30 and a break would open 89.40 zone, below 86.90 opens a negative direction. On the upside, clearing of 92.20 would open the upside for a test of 93.25 and 95.15 next.


Res: 92.20, 93.25, 94.45, 95.15
Sup: 90.30, 89.40, 88.35, 86.90

Gold
Remaining in a side way trend on the Medium term between 1640 and 1530, while currently trading near the higher side of the chart gives the up side a possibility for a further rise to 1618 which would open a test of 1630/40 zone. On the downside, a break of 1605 would open further drop to 1597 and 1584 next, in which a break would allow bears to target 1566 zone.

Res: 1618, 1628, 1635, 1640
Sup: 1605, 1597, 1584, 1566

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
The single currency remained below Medium term barrier after a break during yesterdays Monday opening, however, it has not managed to drop lower than 1.2330. Price action is expected to remain neutral unless a moment is build in above 1.2420 to open 1.2505 first zone. A break there would open targets of 1.2555 and 1.2625. on the downside a drop below 1.2330 would open 1.2290, 50% Fibo of 1.2130/1.2442.

Res: 1.2420, 1.2440, 1.2505, 1.2555
Sup: 1.2330, 1.2290, 1.2215, 1.2160

GBP/USD
Trading in neutral trend, cable managed to reach as high as 1.5642 ahead of resistance level of 1.5650, this resistance would open further to the upside for a test of 1.5690 and 1.5730, ahead of medium term barrier of 1.5770. The downside is protected by 1.5560 in which would open 1.5520 and 1.5490 next, the downside medium term barrier remain at 1.5400

Res: 1.5650, 1.5690, 1.5730, 1.5770
Sup: 1.5560, 1.5520, 1.5490, 1.5455

USD/JPY
The remains in neutral territory after a drop of 78.70 zone were a false break was made few pips higher that the higher territory, however, still maintained by 77.90/95 zone low of 23ed July and 1st Aug, were if broken a drop is expected to 77.65 low of 1st of Jun. a break of 78.70 would open the upside to 79.10 and 80.00 next.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.10, 76.40

Gold
Remaining in a side way trend on the Medium term between 1640 and 1530, while currently trading near the higher side of the chart gives the up side a possibility for a further rise to 1618 which would open a test of 1630/40 zone. On the downside, a break of 1605 would open further drop to 1597 and 1584 next, in which a break would allow bears to target 1566 zone.

Res: 1618, 1628, 1635, 1640
Sup: 1605, 1597, 1584, 1566

 

[WindsorBrokers]

EUR/USD
Still trading in narrow range, the pair formed a double top pattern at 1.2440 high of 6th and 7th of Aug and 55 days EMA at 1.2445 however, it didn’t manage to drop lower than 1.2338 during the past couple of days. Awaiting a break of any of those points to decide the direction, the downside is favored as Momentum started to drop to 100, a break of 1.2370 would confirm it for a drop to 1.2340 and 1.2290 next. If a momentum is established and a break of 1.2440 was made, the pair is expected to jump towards 1.2505, 1.2555 and 1.2625 next.

Res: 1.2440, 1.2505, 1.2555, 1.2625
Sup: 1.2370, 1.2340, 1.2290, 1.2215

GBP/USD
Yesterday price action was maintained at 1.5680 at 2nd of Aug peak, however still inside way trend as long as it is trading above 1.5560. First support is spotted at 1.5590 ahead of 1.5560, when a break there would open 1.5590 and 1.5400 next. The upside is capped by 1.5680/90 zone, a break there would open a test to 1.5730 and 1.5770 our medium term resistance. A break of 1.5590/60 would confirm the drop in momentum for a downtrend.

Res: 1.5680, 1.5690, 1.5730, 1.5770
Sup: 1.5590, 1.5560, 1.5490, 1.5455

USD/JPY
The pair has tested the higher levels of the side way trend at 78.70 were it was maintained, today’s current account higher than expected data did nothing to the pair were its still trading 20 pips lower than upside barrier, a break higher would open 79.15 and 80.00 next. On the downside, support of 77.90/95 would hold side way trend, a break there would open 1st of Jun low at 77.60, and if broken, a drop lower to 76.00 and 75.60 zone.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.30, 76.70

Gold

Holding below 1618 resistance level, the precious metal was maintained for a drop below 1608 zone. A break of 1618 would open 1628 high of 27th and 31st of July, where it would open 1635/40 zone. While bears is expected to move in once 1608/05 is broken for a test to 1597 and 1584 next.

Res: 1618, 1628, 1635, 1640
Sup: 1605, 1597, 1584, 1566

Crude Oil
Managed to break 93.15 the high levels of 19th of July and jumped as high as 94.30 zone were a previous high was established at 16th of May, a break there would open 95.40 zone ahead of 97.55. A correction to the downside would be maintained by 92.30 high of 6th of Aug, and 91.70 zone, a break there would open 90.55 and 89.40 next.

Res: 94.30, 95.40, 97.55, 100.75
Sup: 92.30, 91.70, 90.55, 89.40

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
Still trading in narrow range, the pair formed a double top pattern at 1.2440 high of 6th and 7th of Aug and 55 days EMA at 1.2445 however, it didn’t manage to drop lower than 1.2338 during the past couple of days. Awaiting a break of any of those points to decide the direction, the downside is favored as Momentum started to drop to 100, a break of 1.2370 would confirm it for a drop to 1.2340 and 1.2290 next. If a momentum is established and a break of 1.2440 was made, the pair is expected to jump towards 1.2505, 1.2555 and 1.2625 next.

Res: 1.2440, 1.2505, 1.2555, 1.2625
Sup: 1.2370, 1.2340, 1.2290, 1.2215

GBP/USD
Yesterday price action was maintained at 1.5680 at 2nd of Aug peak, however still inside way trend as long as it is trading above 1.5560. First support is spotted at 1.5590 ahead of 1.5560, when a break there would open 1.5590 and 1.5400 next. The upside is capped by 1.5680/90 zone, a break there would open a test to 1.5730 and 1.5770 our medium term resistance. A break of 1.5590/60 would confirm the drop in momentum for a downtrend.

Res: 1.5680, 1.5690, 1.5730, 1.5770
Sup: 1.5590, 1.5560, 1.5490, 1.5455

USD/JPY
The pair has tested the higher levels of the side way trend at 78.70 were it was maintained, today’s current account higher than expected data did nothing to the pair were its still trading 20 pips lower than upside barrier, a break higher would open 79.15 and 80.00 next. On the downside, support of 77.90/95 would hold side way trend, a break there would open 1st of Jun low at 77.60, and if broken, a drop lower to 76.00 and 75.60 zone.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.30, 76.70

Gold
Holding below 1618 resistance level, the precious metal was maintained for a drop below 1608 zone. A break of 1618 would open 1628 high of 27th and 31st of July, where it would open 1635/40 zone. While bears is expected to move in once 1608/05 is broken for a test to 1597 and 1584 next.

Res: 1618, 1628, 1635, 1640
Sup: 1605, 1597, 1584, 1566

Crude Oil
Managed to break 93.15 the high levels of 19th of July and jumped as high as 94.30 zone were a previous high was established at 16th of May, a break there would open 95.40 zone ahead of 97.55. A correction to the downside would be maintained by 92.30 high of 6th of Aug, and 91.70 zone, a break there would open 90.55 and 89.40 next.

Res: 94.30, 95.40, 97.55, 100.75
Sup: 92.30, 91.70, 90.55, 89.40

 

[WindsorBrokers]

EUR/USD
The pair dropped yesterday to 38.2% Fibo at 1.2325 of 1.2130 to 1.2440 rise, still on a side way trend if 1.2440 high is not broken. On the downside 1.2325 remains the first support ahead of 50% Fibo 1.2285, and 61.8% Fibo at 1.2250, were a break there would open the point the rise started at 1.2215, the upside will be resumed after a break of 1.2440, then to 1.2505, which will open 1.2555 and 1.2625 next.


Res: 1.2440, 1.2505, 1.2555, 1.2625
Sup: 1.2325, 1.2290, 1.2250, 1.2215

GBP/USD
Maintained after yesterday’s drop to 1.5570 zone, cable managed to rise again to 1.5680/90 zone where previous highs since the beginning of Aug kept the market from rising. Most indicators are showing a side way trend, unless 1.5570 and 1.5690 range is broken. A break above 1.5690 would open 1.5730 and 1.5770. Were the downside is possible after a break of 1.5570 and 1.5545 zone, in which it will open 1.5490 zone.

Res: 1.5680, 1.5690, 1.5730, 1.5770
Sup: 1.5570, 1.5545, 1.5490, 1.5455

USD/JPY
Still trading in side way range and after Last night’s BOJ rate statement did nothing but a small drop to 78.27. Daily indicators are showing a positive direction to the upside as a daily higher low pattern is forming. However, the pair is still trading between 78.70 and 77.90, which will open the upside to 79.15 and 80.00 next, or the downside to 77.65 and 76.00 next.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.30, 76.70

Gold
Ranging trading dominates the action on Gold as 1618 was not broken from the upper side, on the other hand, 1600 zone is still holding gold from any drop to 1584 support. A break of 1618 would open 27th July high at 1628 and then 1635/40 the higher side of the medium term barrier, the downside is favored after a break of 1600 zone to 1584.


Res: 1618, 1628, 1635, 1640
Sup: 1603, 1597, 1584, 1566

Crude Oil
Still trading on high territory Oil managed to break through yesterdays high with 30 pips, as long as the lower sides are maintained the uptrend is expected to resume, the down side is protected at 92.30 and 91.70 zone, a break there would open 90.55 and 89.40. on the upside, first resistance lays at 95.40 which will open 97.55 and 100.75 next.

Res: 94.65, 95.40, 97.55, 100.75
Sup: 92.30, 91.70, 90.55, 89.40

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
The pair dropped yesterday to 38.2% Fibo at 1.2325 of 1.2130 to 1.2440 rise, still on a side way trend if 1.2440 high is not broken. On the downside 1.2325 remains the first support ahead of 50% Fibo 1.2285, and 61.8% Fibo at 1.2250, were a break there would open the point the rise started at 1.2215, the upside will be resumed after a break of 1.2440, then to 1.2505, which will open 1.2555 and 1.2625 next.


Res: 1.2440, 1.2505, 1.2555, 1.2625
Sup: 1.2325, 1.2290, 1.2250, 1.2215

GBP/USD
Maintained after yesterday’s drop to 1.5570 zone, cable managed to rise again to 1.5680/90 zone where previous highs since the beginning of Aug kept the market from rising. Most indicators are showing a side way trend, unless 1.5570 and 1.5690 range is broken. A break above 1.5690 would open 1.5730 and 1.5770. Were the downside is possible after a break of 1.5570 and 1.5545 zone, in which it will open 1.5490 zone.

Res: 1.5680, 1.5690, 1.5730, 1.5770
Sup: 1.5570, 1.5545, 1.5490, 1.5455

USD/JPY
Still trading in side way range and after Last night’s BOJ rate statement did nothing but a small drop to 78.27. Daily indicators are showing a positive direction to the upside as a daily higher low pattern is forming. However, the pair is still trading between 78.70 and 77.90, which will open the upside to 79.15 and 80.00 next, or the downside to 77.65 and 76.00 next.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 77.90, 77.65, 77.30, 76.70

Gold
Ranging trading dominates the action on Gold as 1618 was not broken from the upper side, on the other hand, 1600 zone is still holding gold from any drop to 1584 support. A break of 1618 would open 27th July high at 1628 and then 1635/40 the higher side of the medium term barrier, the downside is favored after a break of 1600 zone to 1584.


Res: 1618, 1628, 1635, 1640
Sup: 1603, 1597, 1584, 1566

Crude Oil
Still trading on high territory Oil managed to break through yesterdays high with 30 pips, as long as the lower sides are maintained the uptrend is expected to resume, the down side is protected at 92.30 and 91.70 zone, a break there would open 90.55 and 89.40. on the upside, first resistance lays at 95.40 which will open 97.55 and 100.75 next.

Res: 94.65, 95.40, 97.55, 100.75
Sup: 92.30, 91.70, 90.55, 89.40

 

[WindsorBrokers]

EUR/USD
Yesterday’s negative move managed to drop the pair below 1.2330 support and so far reached to 1.2265, support will become a resistance and any rise above 1.2325/35 will give bulls the power to test 1.2380. 1.2330 zone which is low of 8 Aug is also 38.2% Fibo of 1.2440/1.2265, and 50% Fibo of 1.2390/1.2265 drop. First barrier on the downside is at 1.2250 followed by 1.2215, in which will open 1.2180 & 1.2135 if broken.

Res: 1.2330, 1.2380, 1.2440, 1.2505
Sup: 1.2250, 1.2215, 1.2180, 1.2135

GBP/USD
Same higher low pattern is formed while highs for the past few days remained intact at 1.5680/90 zone. On daily and 4h chart momentum is giving mixed signals, the 1h chart indicates a potential downturn. Any break of 1.5600 and 1.5570 would indicate a potential drop to 1.5545 and 1.5490 next. The upside is still protected by 1.5680/90 and a break there would open 1.5730 and 1.5770 next.

Res: 1.5680, 1.5690, 1.5730, 1.5770
Sup: 1.5600, 1.5570, 1.5545, 1.5490

USD/JPY
The pair remains in a side way trend as long as 78.70/80 zone is not broken, a break there would open the way for bulls to test 79.15, 80.00 and 80.60 next. On the downside a break of 78.25 would illuminate the higher low pattern for a test of 77.90, and 77.60 next. The latter will start negative acceleration if broken to 76 zone and a potential BOJ intervention.

Res: 78.70, 79.10, 80.00, 80.60
Sup: 76.25, 77.90, 77.65, 77.30

Gold
Ranging below 1618, gold still struggles to break higher, where if it did then it would open the upper side of last week’s highs at 1628 and possibly 1635/40 the high side barrier of the medium term trend. The downside is open to 1600 zone that would open 1584 and 1568 next.

Res: 1618, 1628, 1635, 1640
Sup: 1603, 1597, 1584, 1568

Crude Oil
Starting to lose momentum, crude oil is heading to 92.80 8th of Aug low while no new buyers are coming to play, a break there would open 92.30and 91.70 next were 38.2% Fibo lays. A break there would open a corrective action to 50% Fibo at 90.70. If momentum is back in the game then a break of previous high at 94.69will open 95.35. A break there would open 97.55 and 100.75 next.

Res: 94.65, 95.40, 97.55, 100.75
Sup: 92.30, 91.70, 90.55, 89.40

 

[WindsorBrokers]

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

EUR/USD
One week descend off 1.2440 double-top, has so far retraced exactly 50% of initial 1.2042/1.2240 upleg, with downside pressure seen on lower timeframes. Consolidation above last Friday’s 1.2240 low, was unable to clear 1.2300 barrier, as 55 day EMA capped the upside and near-term price action moving sideways. Immediate support lies at 1.2260, overnight’s low, ahead of 1.2240, key near-term level, below which to signal further extension lower, with significant support zone at 1.2220/00, along with Fib 61.8%, seen next. Near-term range’s high at 1.2315, offers initial barrier, while regain of 1.2350/1.2400 would reduce the downside risk.

Res: 1.2300, 1.2315, 1.2345, 1.2364
Sup: 1.2260, 1.2240, 1.2220, 1.2200

GBP/USD
The larger picture shows the pair entrenched within 1.5500/1.5760 range, with 200 day SMA keeping the upside protected, while daily studies showing slight improvement. Hourly outlook, however, holds positive tone, as last Friday’s rally touched psychological 1.5700 barrier, with series of higher highs, seeing potential for possible attack at the upper range boundaries. Corrective action should ideally find ground at 1.5640 zone, otherwise, risk of losing 1.5600 handle and possible revisiting 1.5570/50 support zone, would be likely near-term scenario.

Res: 1.5681, 1.5700, 1.5729, 1.5766
Sup: 1.5653, 1.5640, 1.5625, 1.5600

USD/JPY
Sideways movement and consolidation of short-term losses above 78.00, are shown on a daily chart, with studies in the negative territory and upside being capped at 78.80/79.20 zone, where also 200 day SMA lies. Clear break here is required to signal more serious action. More negative tone is seen on a lower timeframes, with hourly structure showing near-term correction on oversold conditions, with strong barrier seen at 78.40, where 4h 20/55 day EMA’s bearish crossover, keeps the pair under pressure. Fresh losses will be seen on potential loss of strong support and range bottom at 78.00 that is seen as a trigger for test of 77.65, 01 June low.

Res: 78.34, 78.45, 78.64, 78.78
Sup: 78.15, 78.00, 77.93, 77.65

USD/CHF
Short-term outlook remains positive, as the pair resumes its corrective move off 0.9654, 06 Aug low, with nearly 50% of 0.9970/0.9654 downmove seen on last Friday’s brief break above 0.9800 barrier. Near-term price action is in a consolidative mode, with important support at 0.9750 zone, also 20/55 day EMA’s, expected to hold the downside for fresh push higher, and near-term studies in the positive field. Immediate upside targets lie at 0.9800 zone, with clear break here required to resume rally towards 0.9850. Loss of 0.9750, however, would delay and turn the near-term structure negative.

Res: 0.9784, 0.9800, 0.9808, 0.9850
Sup: 0.9761, 0.9747, 0.9700, 0.9656

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
One week descend off 1.2440 double-top, has so far retraced exactly 50% of initial 1.2042/1.2240 upleg, with downside pressure seen on lower timeframes. Consolidation above last Friday’s 1.2240 low, was unable to clear 1.2300 barrier, as 55 day EMA capped the upside and near-term price action moving sideways. Immediate support lies at 1.2260, overnight’s low, ahead of 1.2240, key near-term level, below which to signal further extension lower, with significant support zone at 1.2220/00, along with Fib 61.8%, seen next. Near-term range’s high at 1.2315, offers initial barrier, while regain of 1.2350/1.2400 would reduce the downside risk.

Res: 1.2300, 1.2315, 1.2345, 1.2364
Sup: 1.2260, 1.2240, 1.2220, 1.2200

GBP/USD
The larger picture shows the pair entrenched within 1.5500/1.5760 range, with 200 day SMA keeping the upside protected, while daily studies showing slight improvement. Hourly outlook, however, holds positive tone, as last Friday’s rally touched psychological 1.5700 barrier, with series of higher highs, seeing potential for possible attack at the upper range boundaries. Corrective action should ideally find ground at 1.5640 zone, otherwise, risk of losing 1.5600 handle and possible revisiting 1.5570/50 support zone, would be likely near-term scenario.

Res: 1.5681, 1.5700, 1.5729, 1.5766
Sup: 1.5653, 1.5640, 1.5625, 1.5600

USD/JPY
Sideways movement and consolidation of short-term losses above 78.00, are shown on a daily chart, with studies in the negative territory and upside being capped at 78.80/79.20 zone, where also 200 day SMA lies. Clear break here is required to signal more serious action. More negative tone is seen on a lower timeframes, with hourly structure showing near-term correction on oversold conditions, with strong barrier seen at 78.40, where 4h 20/55 day EMA’s bearish crossover, keeps the pair under pressure. Fresh losses will be seen on potential loss of strong support and range bottom at 78.00 that is seen as a trigger for test of 77.65, 01 June low.

Res: 78.34, 78.45, 78.64, 78.78
Sup: 78.15, 78.00, 77.93, 77.65

USD/CHF
Short-term outlook remains positive, as the pair resumes its corrective move off 0.9654, 06 Aug low, with nearly 50% of 0.9970/0.9654 downmove seen on last Friday’s brief break above 0.9800 barrier. Near-term price action is in a consolidative mode, with important support at 0.9750 zone, also 20/55 day EMA’s, expected to hold the downside for fresh push higher, and near-term studies in the positive field. Immediate upside targets lie at 0.9800 zone, with clear break here required to resume rally towards 0.9850. Loss of 0.9750, however, would delay and turn the near-term structure negative.

Res: 0.9784, 0.9800, 0.9808, 0.9850
Sup: 0.9761, 0.9747, 0.9700, 0.9656

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
Maintains near-term positive tone, with yesterday’s rally extending gains to 1.2372 so far. As the price holds above psychological 1.2300 level and corrective pullback being contained at our initial support / 20 day EMA at 1.2320, fresh strength is looking for retest of 1.2372, above which to open 1.2386, 09 Aug high and 1.2400, figure resistance / 55 day SMA. Any dips should be held above 1.2300 handle, otherwise risk of revisiting recent lows would increase, as larger picture still shows bears in play.

Res: 1.2372, 1.2386, 1.2400, 1.2428
Sup: 1.2343, 1.2324, 1.2315, 1.2300

GBP/USD
The pair holds positive near-term structure, as the price action moves around 1.5700 handle, following yesterday’s brief break higher to 1.5716. Immediate targets at very strong resistance zone at 1.5720, 200 day MA and range tops at 1.5760, remain in focus, as near-term indicators stay in the positive territory, with higher base at 1.5656, reinforced by 55 day EMA, expected to contain dips.

Res: 1.5716, 1.5720, 1.5736, 1.5766
Sup: 1.5673, 1.5656, 1.5640, 1.5625

USD/JPY
The near-term price action continues to move higher, supported by positive near-term studies, after finding ground at 78.15 zone. However, short-term range-trade will continue, unless the upper boundary at 78.80, also Fib 38.2% of 80.09/77.90, is cleared. Dominating negative tone on the larger timeframe, requires caution, as 200 day SMA at 79.16, keeps the upside protected for now.

Res: 78.59, 78.64, 78.78, 79.00
Sup: 78.45, 78.36, 78.28, 78.15

USD/CHF
The pair remains at the back foot, as yesterday’s extension under 0.9750, tested our next target at 0.9700, with subsequent bounce being capped by descending 20 day EMA at 0.9742, just under initial 0.9750 barrier. Fresh weakness, supported by negative near-term studies, looks for break below important 0.9700 level, loss of which to signal lower top at 0.9808 and turn focus towards 0.9655, 07/08 Aug double-bottom and daily 55 day EMA.

Res: 0.9742, 0.9750, 0.9784, 0.9800
Sup: 0.9700, 0.9684, 0.9664, 0.9656

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
Maintains near-term positive tone, with yesterday’s rally extending gains to 1.2372 so far. As the price holds above psychological 1.2300 level and corrective pullback being contained at our initial support / 20 day EMA at 1.2320, fresh strength is looking for retest of 1.2372, above which to open 1.2386, 09 Aug high and 1.2400, figure resistance / 55 day SMA. Any dips should be held above 1.2300 handle, otherwise risk of revisiting recent lows would increase, as larger picture still shows bears in play.

Res: 1.2372, 1.2386, 1.2400, 1.2428
Sup: 1.2343, 1.2324, 1.2315, 1.2300

GBP/USD
The pair holds positive near-term structure, as the price action moves around 1.5700 handle, following yesterday’s brief break higher to 1.5716. Immediate targets at very strong resistance zone at 1.5720, 200 day MA and range tops at 1.5760, remain in focus, as near-term indicators stay in the positive territory, with higher base at 1.5656, reinforced by 55 day EMA, expected to contain dips.

Res: 1.5716, 1.5720, 1.5736, 1.5766
Sup: 1.5673, 1.5656, 1.5640, 1.5625

USD/JPY
The near-term price action continues to move higher, supported by positive near-term studies, after finding ground at 78.15 zone. However, short-term range-trade will continue, unless the upper boundary at 78.80, also Fib 38.2% of 80.09/77.90, is cleared. Dominating negative tone on the larger timeframe, requires caution, as 200 day SMA at 79.16, keeps the upside protected for now.

Res: 78.59, 78.64, 78.78, 79.00
Sup: 78.45, 78.36, 78.28, 78.15

USD/CHF
The pair remains at the back foot, as yesterday’s extension under 0.9750, tested our next target at 0.9700, with subsequent bounce being capped by descending 20 day EMA at 0.9742, just under initial 0.9750 barrier. Fresh weakness, supported by negative near-term studies, looks for break below important 0.9700 level, loss of which to signal lower top at 0.9808 and turn focus towards 0.9655, 07/08 Aug double-bottom and daily 55 day EMA.

Res: 0.9742, 0.9750, 0.9784, 0.9800
Sup: 0.9700, 0.9684, 0.9664, 0.9656

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD
The single currency loses traction after hitting fresh high at 1.2384, as series of disappointing but expected Eurozone data were released, with additional pressure coming on dollar supportive US Retail Sales. Losses accelerated on release of US data, with initial support at 1.2320 zone now coming under pressure. Loss of momentum on hourly chart, with MACD pointing lower but still above the midline, see risk of further easing, however, ability to reverse above 1.2300 handle, would keep hopes of fresh gains in play. As larger picture’s bears remain in play, short-term action off 1.2042 low is seen as corrective as long as important 1.2440 barrier stays intact.

Res: 1.2361, 1.2386, 1.2400, 1.2441
Sup: 1.2324, 1.2315, 1.2300, 1.2271

GBP/USD
Today’s fresh extension higher and test of 200 day SMA, when the price posted fresh two-week high at 1.5727, keeps near-term focus at the upside, as initial support at 1.5670, reinforced by 55 day EMA, holding dips. Risk of further weakening would increase on a loss of 1.5650 higher low and Fib 38.2%. On the upside, lift above 200 day SMA to open two-month range top and strong barrier at 1.5760/70 zone.

Res: 1.5700, 1.5717, 1.5727, 1.5736
Sup: 1.5673, 1.5656, 1.5640, 1.5625

USD/JPY
The pair surges through the short-term range top at 78.80, as gains accelerate on upbeat US data, to possibly signal fresh direction after being entrenched in a three-week range. Immediate focus turns at another strong resistance zone at 79.00/15, figure resistance / 50% of 80.09/77.90 descend / daily Ichimoku cloud base and 200 day SMA, break of which is required to confirm. However, overextended hourly conditions, suggest corrective action, preceding fresh rally.

Res: 79.00, 79.16, 79.25, 79.50
Sup: 78.80, 78.59, 78.45, 78.36

AUD/USD
Remains in a near-term corrective mode of the broader 1.0175/1.0612 upleg, as weak short-term studies and brief break below initial support at 1.0500, see scope for further retracement. While today’s high at 1.0540, reinforced by descending 55 day EMA, keep the upside capped, immediate focus turns towards next significant support at 1.0440 zone, 02 Aug double-bottom and Fib 38.2% of 1.0175/1.0612 rally.

Res : 1.0500, 1.0520, 1.0540, 1.0576
Sup : 1.0463, 1.0444, 1.0435, 1.0400

 

[WindsorBrokers]

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

EUR/USD
Near-term picture turns negative, as the price slides below 1.2300 support, following an upside rejection under 1.2400 barrier, where the med-term bear-trendline off 1.3282, 01 May peak, capped gains. Initial support at 1.2260 has been tested, with 1.2300 offering initial resistance, as key short-term support at 1.2240, 10 Aug low / 50% of 1.2042/1.2441, comes in focus, with extension to 1.2200, seen on a break.

Res: 1.2300, 1.2342, 1.2386, 1.2400
Sup: 1.2258, 1.2240, 1.2220, 1.2200

GBP/USD
The pair accelerates losses on a break below 1.5655 platform, turning the near-term outlook negative and keeping strong resistance zone above 1.5700 out of reach for now. Losses have so far retraced 50% of 1.5489/1.5727 ascend, with more significant support zone at 1.5600/1.5570, coming in focus. Larger picture’s range-trade stays intact, as 200 day SMA continues to cap.

Res: 1.5673, 1.5700, 1.5717, 1.5727
Sup: 1.5634, 1.5608, 1.5600, 1.5575

USD/JPY
The pair continues to trend higher, following break above main bear-trendline at 78.70 and range top at 78.80, with surge through 79.00 barrier and 200 day SMA, looking for test of next significant barrier at 80.00. Overextended conditions on hourly chart, however, signal corrective action, with initial support at 79.00 and 78.80, previous resistance, reinforced by ascending 55 day EMA, expected to contain dips.

Res: 79.35, 79.50, 79.94, 80.09
Sup: 79.00, 78.84, 78.67, 78.59

USD/CHF
Bounce off important 0.9700 support remains sees potential for further recovery, as the price approaches important barrier at 0.9800 zone, previous high / 50% of 0.9970/0.9655 descend, with break here required to confirm higher low and resume gains. Break above 0.9800 to open 0.9850, Fib 61.8%, next, while support at 0.9750 zone, along with 4h 20/55 day EMA’s crossover, underpins.

Res: 0.9796, 0.9808, 0.9850, 0.9897
Sup: 0.9777, 0.9758, 0.9749, 0.9730