Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

The Euro trades in a near-term consolidative mode, with price action moving in a triangular-shape consolidation. Hourly studies are negatively aligned and keep the downside risk towards triangle support at 1.33 zone, also Fib 38.2% of 1.3176/1.3389 upleg. Break here would signal further correction and open Fibonacci 50%/61.8% supports at 1.3283/1.3257. Such scenario is also supported by descending 4h indicators and bearish divergence that may put near-term bulls on hold, once 1.3300 and range floor at 1.3277 is lost. Overall bulls, however, remain in play and see resumption of larger uptrend from 1.2800 higher base, towards 1.3400 an double Fibonacci resistances at 1.3480 zone, once the correction is completed.

Res: 1.3356, 1.3377, 1.3389, 1.3400
Sup: 1.3300, 1.3277, 1.3264, 1.3226

GBP/USD

Near-term bulls remain in play, as the pair bounced off last Friday’s correction low at 1.5615 and price approached recent peak at 1.5736. Positive hourly studies are supportive for bullish resumption that requires clear break above 1.5736, however, presence of 4h RSI / MACD bearish divergence, requires caution, as last Friday’s hanging man candle suggests hesitation under 1.5736 high. Initial signal of reversal will be seen on a slide below 1.5615/00 support, however, confirmation would require break below 55 day EMA at 1.5560, to focus higher platform at 1.5500.

Res: 1.5724, 1.5736, 1.5780, 1.5800
Sup: 1.5689, 1.5645, 1.5615, 1.5600

USD/JPY

The pair holds near-term consolidative mode, trading above fresh low at 93.97/78. The price remains under pressure, despite overnight’s bounce, as near-term studies are negative and see the current action limited. With 20 day EMA capping at 95.30, initial resistance, consolidation range top at 95.80 stays intact for now. Break here and psychological 96.00 barrier, would signal stronger correction, however, not much of recovery to be expected while the price holds below 99.00 breakpoint zone.

Res: 95.36, 95.79, 96.00, 96.53
Sup: 94.42, 94.00, 93.78, 93.50

AUD/USD

The pair remains in a near-term corrective phase and maintain positive tone, as the price consolidates within 0.9556/0.9664 range. With near-term technicals being positively aligned and price action underpinned by 20/55 day EMA’s bullish crossover, the upside remains favored for now, however, break above recent highs and congestion tops at 0.9664/72 is required to resume corrective rally off 0.9324 and open way towards key barrier at 0.9790. Alternative scenario sees rejection under 0.9664, as larger picture bars remain in play, with break below .9556, near-term range floor / 55 day EMA, to increase risk of double-top formation and fresh weakness.


Res: 0.9640, 0.9664, 0.9700, 0.9750
Sup: 0.9556, 0.9535, 0.9494, 0.9427

 

[WindsorBrokers]

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

EUR/USD

The Euro remains firm ahead of today’s FOMC release, in a renewed attempt above 1.3400 barrier. With brief consolidation off yesterday’s high at 1.3414 being contained by 20 day EMA at 1.3380 zone, the upside remains in near-term focus, as positive studies are supportive. Immediate target lies at 1.3433, 20 Feb high, ahead of more significant double-Fibonacci resistance at 1.3480 zone, 76.4% retracement of 1.3710/1.2744 / 138.2% expansion of the upleg from 1.2795. Corrective dips should be ideally contained at 1.3380/50 zone, to keep the structure intact.

Res: 1.3414, 1.3433, 1.3480, 1.3488
Sup: 1.3380, 1.3345, 1.3330, 1.3300

GBP/USD

Near-term structure weakened as the price broke below initial support at 1.5615, extending corrective pullback off 1.5751 high to 1.5564. Subsequent bounce to 1.5669, where 55 day EMA limited recovery, lacks momentum for extension towards 1.5700 zone, as hourly indicators are still in the negative territory. Increased risk of lower top would come on a slide below 1.5615, while regain of 1.5700 would bring bulls back in play. Caution is required as daily studies are starting to point lower and price returned below 200 day MA, with previous sessions double-Doji candles, suggesting possible hesitation of larger uptrend from 1.5000 base. Break below 1.5564/00 supports is required to confirm reversal, otherwise, clearance of 1.5700/51 would signal resumption of an uptrend.


Res: 1.5669, 1.5680, 1.5700, 1.5736
Sup: 1.5615, 1.5600, 1.5564, 1.5500

USD/JPY

The near-term structure improved, as the price eventually broke above 95.00, initial resistance, however, gains failed to regain next barrier at 95.79. Subsequent reversal risks violation of 95.00, now reverted to support, loss of which to signal and end of near-term corrective phase and confirm double-op formation. With 4h studies still in the negative territory, such scenario is seen likely, unless price breaks above 95.79 and 96.0, 55 day EMA that would give an initial signal of basing attempt.

Res: 95.65, 95.79, 96.00, 96.53
Sup: 95.00, 94.27, 94.00, 93.78

AUD/USD

The pair remains under pressure, as recovery rejection under 0.9672 barrier and fresh slide to 0.9430 zone, weakens the near-term structure. Increased risk exists of double-top formation and fresh weakness that would confirm an end corrective phase and re-expose fresh low at 0.9324. Bearish 20/55 day EMA’s crossover at 0.9550, offers solid resistance and break here would avert immediate downside risk. However, only lift above 0.9672 would provide relief and resume near-term corrective rally.


Res: 0.9550, 0.9570, 0.9600, 0.9640
Sup: 0.9435, 0.9400, 0.9324, 0.9300

 

[WindsorBrokers]

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

EUR/USD

The Euro remains in a free fall that commenced on yesterday’s repeated rejection at 1.3414 and accelerated post Fed. Losses were interrupted by overnight’s 1.320601.3300 correction, with fresh weakness under way and looking for test of 1.3200 and 1.3176 higher platform / Fib 38.2% of 1.2795/1.3414. Break here is required to confirm reversal and top at 1.34 zone, and open way for more significant correction of 1.28/1.34 upleg. Negative near-term studies keep the downside focused, with corrective bounces seen on oversold conditions. Overnight’s high at 1.3300 offers solid resistance, while only break above 1.3350 zone, would put bears on hold.

Res: 1.3260, 1.3300, 1.3320, 1.3350
Sup: 1.3200, 1.3176, 1.3104, 1.3052

GBP/USD

Cable remains under heavy pressure, as completion of 4h failure swing on a break below 1.5564 previous low, accelerated bears. Dips extended below 38.2% of 1.5007/1.5751 ascend at 1.5467 and heading towards psychological 1.5400 support and 1.5380, 50% retracement, next targets. Near-term bears are fully in play, with pause in descend, expected from oversold hourly studies. Previous base and support at 1.55, reinforced by falling 20 day EMA now offers good resistance, ahead of strong 1.5554/64 zone, 50% retracement of entire fall / 18 June low, expected to cap any stronger rally


Res: 1.5500, 1.5525, 1.5554, 1.5564
Sup: 1.5425, 1.5400, 1.5380, 1.5350

USD/JPY

The pair extends strong rally that commenced from 95.00 support, with brief pause seen under 97.00, yesterday’s high. Fresh acceleration that cleared next barrier at 98.00, looks for test of 98.75, 50% retracement of larger 103.72/93.78 fall and 99.00/27, round figure / 10 June high, on extension. Near-term technicals maintain firm bullish tone, with possible interruption in the rally to be triggered by overbought 1 and 4h chart conditions. Previous highs at 97.00 zone offer solid support and should contain any stronger pullback.

Res: 98.40, 99.00, 99.27, 99.80
Sup: 97.35, 97.00, 96.70, 96.20

AUD/USD

The pair remains under strong pressure, as sharp fall from yesterday’s upside rejection at 0.9555 accelerates below psychological 0.9200 support. Bears remain unobstructed and further extension lower would look for 0.9141, Fib 38.2% of larger 2008/2011 0.6007/1.1079 ascend and psychological 0.9100 support. Brief pauses in current fall, could be expected on oversold conditions, yet no signal of reversal being generated on near-term studies. Initial resistance reinforced by 20 day EMA, lies at 0.9300 zone, ahead of previous low at 0.9324.

Res: 0.9200, 0.9238, 0.9300, 0.9324
Sup: 0.9141, 0.9100, 0.9050, 0.9000

 

[WindsorBrokers]

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

EUR/USD

The Euro maintains negative sentiment, with extension of pullback from1.3414, below 1.3100, Fib 50% of 1.2795/1.3414, posting fresh three-week low at 1.3058. Consolidative /corrective phase is under way, with price attempting through the upper boundary of consolidation range, for test of initial resistance at 1.3160, and 1.3200, Fib 38.2% of 1.3414/1.3058 fall. Slightly improved hourly studies see some upside potential, however, larger picture’s negative structure keeps the downside favored, as long as 1.3253, last Friday’s high stays intact. Bearish resumption below 1.3058, to open 1.3031, Fib 61.8% and psychological 1.3000 support next.

Res: 1.3160, 1.3200, 1.3236, 1.3253
Sup: 1.3100, 1.3058, 1.3031, 1.3000

GBP/USD

Near-term recovery phase off fresh low at 1.5342, retraced 61.8% of 1.5528/1.5342 downleg, at 1.5460 zone, where gains were capped. Positive hourly structure sees potential for further recovery towards more significant 1.5500 barrier, Fib 38.2% of 1.5751/1.5342 slide and 1.5528, last Friday’s high, however, prevailing negative tone on 4h chart would keep the downside at risk, as long as the price holds below initial 1.5500 barrier. Initial support lies at 1.5425 and is reinforced by 20 day EMA, with break here and psychological 1.5400 level, to hint lower top formation and fresh weakness towards 1.5342 and possible bearish resumption towards 1.5300 zone, initial target and Fib 61.8% of 1.5007/1.5751 ascend.


Res: 1.5464, 1.5500, 1.5528, 1.5564
Sup: 1.5425, 1.5400, 1.5367, 1.5342

USD/JPY

The pair is trading in near-term consolidative mode, after extending rally from 93.78 to 98.69, near 50% of 103.72/93.78 descend. Hourly studies are weak, as the price hovers close to the range floor, however, more constructive 4h technicals see potential for further recovery, as the price is supported by 20 day EMA and 20/55 bullish crossover, with 96.85 expected to hold. Immediate targets lay at 99.00 and 99.27, 10 June high, break of which to confirm bottom at 93.78 and open way towards psychological 100 barrier, also Fib 61.8% of 103.72/93.78. Alternative scenario sees increased downside risk on violation of 96.85 support, with 96.23, 50% of recovery rally and 96.00, round figure support, expected to come in focus once 96.85 is cleared.

Res: 98.05, 98.30, 98.69, 99.00
Sup: 97.20, 97.00, 96.85, 96.23

AUD/USD

The pair trades in a near-term consolidative mode, after fresh extension of larger downtrend, posted new low at 0.9146. With the upside being limited at 0.9300 and near-term studies negatively aligned, fresh extension lower and test of next target at 0.9100, would be likely near-term scenario. Conversely, lift above 0.9300 and 0.9324, 11 June low, would delay bears in favor of possible stronger corrective action towards 0.9400/30, next resistance zone. However, overall bearish tone, do not see potential for more significant recovery action for now.

Res: 0.9300, 0.9324, 0.9354, 0.9400
Sup: 0.9200, 0.9146, 0.9100, 0.9050

 

[WindsorBrokers]

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

EURUSD

The Euro consolidates recent losses, trading above 1.2980, daily cloud top, where basing attempt is becoming evident. Bounce above 1.3000 that retraced over 61.8% of last Friday’s sharp fall from 1.3102 to 1.2990, improves hourly structure, however, the price remains within the consolidative range. Bullish divergence on 4-hour chart signals possible stronger rally that requires break and daily close above 200DMA at 1.3070 and clearance of 1.3100 barrier, to confirm base and allow for further correction towards 1.3148/99, Fibonacci 38.2% and 50% retracement of 1.3414/1.2983 fall. On the other side, failure to break above 1.3100 would signal further sideways trade and keep the downside at risk.


Res: 1.3069; 1.3102; 1.3148; 1.3200
Sup: 1.3048; 1.3020; 1.3000; 1.2983

GBPUSD

Cable enters short-term sideways trade, consolidating above fresh 3-week low at 1.5164. Initial barriers at 1.5280/1.5300, 100DMA / daily cloud top stay intact for now, as short-term indicators hold in the negative territory. This keeps the downside vulnerable, as violation of 1.5164 would trigger fresh weakness towards 1.5100. Conversely, penetration through 1.5300, would be seen as initial signal of possible stronger correction, with regain of 1.5345, 27/06 high, required to confirm.

Res: 1.5248; 1.5277; 1.5300; 1.5342
Sup: 1.5200; 1.5164; 1.5109; 1.5032

USDJPY

The pair continues to trend higher, as three consecutive days of higher closing, followed consolidative phase, showed by last week’s triple Doji. The price approaches initial target and psychological barrier at 100.00, also near Fibonacci 61.8% of 103.72/93.78 fall, with upper targets being in focus. Short-term studies remain positive, with 4-hour RSI / MACD bearish divergence, suggesting possible hesitation ahead of important 100 resistance. Supports at 99.00/98.70 are seen as ideal reversal point of any stronger dips, with break above 100.00 barrier, expected to open 100.45, 06/06 high and 101.00, round figure resistance.

Res: 99.85; 100.00; 100.45; 101.00
Sup: 99.50; 99.00; 98.70; 98.51

AUDUSD

The Aussie dollar fell below 0.9200 after the short-term corrective phase, off 0.9100 zone, was capped at 0.9250, 61.8% retracement of 0.9343/0.9111. Weakened hourly technicals see increased downside risk as 4-hour studies are still negative. Break above initial 0.9250 barrier is required to revive bulls, while clearance of 0.9343, last week’s high and near 50% retracement of larger 0.9555/0.9111 fall, would spark further recovery and open next targets at 0.9385/0.9400. Otherwise, return to 0.9100 base and possible resumption of the larger downtrend would be the likely scenario, as larger picture bears remain fully in play.

Res: 0.9200; 0.9230; 0.9281; 0.9300
Sup: 0.9150; 0.9111; 0.9050; 0.9000

 

[NVP]

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

any more indicators you can jam on there guys ?............

kidding
N

 

[WindsorBrokers]

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

EURUSD

The Euro fell further on Friday and ended week just above strong support at 1.2795, 17/05 low, losing 1.78% for the week. Negative tone keeps the price pressured for full retracement of 1.2795/1.3414 upleg, as the price broke below bull-trendline, connecting 1.2744/1.2795 lows. Scope is seen for eventual push lower for test of 1.2744/50 double-bottom and completion of bull phase the commenced from these levels. Brief consolidation above Friday’s fresh low is triggered by oversold conditions, with any stronger rally, expected to find strong barrier at 1.2955, 50% retracement of 1.3102/1.2805 downleg / daily Ichimoku cloud base.


Res: 1.2870; 1.2920; 1.2955; 1.2989
Sup: 1.2805; 1.2795; 1.2750; 1.2700




GBPUSD

Cable remains under increased pressure, with fresh weakness, seen last Friday, losing 23/29 / 05 double-bottom and psychological support at 1.5000 and accelerating losses below 1.4900 handle, to post fresh 4-month low at 1.4856. After completing 1.5000/1.5751 upleg, the pair is looking for test of another important support at 1.4830, 12/03 low / near 61.8% retracement of longer-term 1.3501/1.7041 ascend, to fully reverse larger bull phase. With bears dominating on larger and lower timeframes studies, further weakness is seen favored, with bears to be interrupted by limited corrective rallies on oversold short-term conditions. Former lower platform and 50% retracement of 1.5303/1.4856 downleg at 1.5080, offers solid resistance and is expected to cap.

Res: 1.4915; 1.4960; 1.5000; 1.5026
Sup: 1.4856; 1.4830; 1.4800; 1.4780





USDJPY

The pair rallied strongly on Friday, with acceleration higher started from higher base at 100.00 and completed 100.84/99.25 corrective phase. Break and weekly close above 101.00 barrier, suggests further appreciation, with initial targets standing at 101.79, 30/05 high and psychological 102.00 barrier. Extension above the latter is expected to open May’s lower platform at 102.50. Prevailing positive tone on short-term studies, supports the notion, with corrective pullback on overbought conditions, expected to precede fresh rallies. Good support lies at 100.40 zone, 50% of 99.25/101.52 upleg / 05/07 high and is seen as ideal reversal point.

Res: 101.52; 101.79; 102.00; 102.56
Sup: 100.84; 100.65; 100.40; 100.00




AUDUSD

The Aussie dollar came under pressure and ended the week in red, after recovery rally stalled at 0.9179 and fresh bearish acceleration left a double-top. Quick reversal nearly fully retraced 0.9035/0.9179, short-term corrective phase. Bears look for break below 0.9035, 03/07 low that guards psychological 0.9000 support and 0.8959, Fibonacci 100% expansion of the downwave that commenced from 1.0581. Bearish 20/55 DMA’s crossover at 0.9115, maintains bears, while only rally above 0.9179 barrier would delay bears.

Res: 0.9100; 0.9121; 0.9179; 0.9200
Sup: 0.9035; 0.9000; 0.8959; 0.8900

 

[WindsorBrokers]

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

EURUSD

The Euro trades in a consolidative mode, off fresh low at 1.2805, posted last Friday and ended Monday’s trading in a positive tone. Recovery rally is so far capped at 1.2880 zone, Fibonacci 38.2% of 1.3016/1.2805 descend / hourly linear regression channel upper line. Hourly studies are positively aligned and see potential for stronger correction above 1.2911, 50% retracement and pivotal 1.2930 zone, 61.8% / 03/07 low; 04/07 high. However, prevailing negative tone on 4-hour chart, sees the recovery limited for now. On the downside, 1.2800 zone offers initial support and guards key 1.2750 double-bottom and annual low.


Res: 1.2911; 1.2935; 1.2966; 1.3000
Sup: 1.2845; 1.2805; 1.2795; 1.2780

GBPUSD

Cable corrects recent losses that bottomed at 1.4856 last Friday, with basing attempt under way. Break above 1.4900 barrier, gives more credibility to the support, however, regain of minimum 1.5000 handle is required to signal base, while confirmation requires extension to 1.5080, 50% retracement of 1.5303/1.4856 / 04/07 lower platform. Improved hourly studies are supportive for further recovery, while 4-hour indicators hold well in the negative territory and see limited upside prospect. Larger picture bears see scope for final push lower, to fully retrace larger 1.4830/1.5751 bull-phase, with break lower to target psychological 1.4800 support and 1.4793, Fibonacci 161.8% expansion of the down leg from 1.5751.

Res: 1.5000; 1.5027; 1.5080; 1.5100
Sup: 1.4919; 1.4871; 1.4856; 1.4830

USDJPY

Dollar/yen consolidates gains that peaked at 101.52, with pullback being so far contained 100.80 zone, daily cloud top / hourly 55 DMA. Overall positive tone keeps the upside in focus, with any further easing, expected to hold above psychological 100 support, to keep bulls intact. Upside targets remain at 101.52 and 102.00/56.

Res: 101.52; 101.79; 102.00; 102.56
Sup: 100.84; 100.65; 100.40; 100.00

AUDUSD

The pair remains within 0.9035/0.9179 consolidative range, as bears found ground at 0.9035 and price bounces. As recovery rally from 0.9035 extends above 0.9100 barrier, scope is seen for possible test of key short-term hurdle at 0.9179. Break here is required to confirm double-bottom formation and to spark stronger recovery above 0.9200. Positive hourly studies, with 4-hour indicators in heading north, support the notion. Downside should stay protected at 0.9100, to keep freshly established bulls in play.

Res: 0.9179; 0.9200; 0.9225; 0.9252
Sup: 0.9100; 0.9081; 0.9035; 0.9000

 

[WindsorBrokers]

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

EURUSD

The Euro ended Tuesday’s trading in red after breaking below 1.2795 support and posting fresh low at 1.2754, where weekly Ichimoku cloud base contained dips, just ahead of key 1.2750/44 support. Eventual push below the latter that also marks multi-month platform, is required to complete weekly Head and Shoulders pattern that would trigger more significant losses, with round figure 1.2700 support and 1.2660, November 2012 low, seen as next targets. Consolidative actions may precede fresh weakness, as technical hold firm bearish tone, with 1.2800/50 zone expected to cap. Only lift above 1.29 barrier would ease immediate bear pressure.


Res: 1.2800; 1.2850; 1.2880; 1.2900
Sup: 1.2777; 1.2754; 1.2744; 1.2700

GBPUSD

Cable broke below the last obstacle at 1.4830, 12/03 low and posted fresh annual low on a dip to 1.4812 so far. Hesitation ahead of psychological 1.4800 support, is seen likely, with key barriers at 1.4980/1.5000 protecting the upside. Bearish resumption below 1.4800, sees no significant obstacles en-route towards 1.4345/1.4230, Jun / May 2010 lows and short-term targets.

Res: 1.5910; 1.4980; 1.5000; 1.5057
Sup: 1.4919; 1.4871; 1.4856; 1.4830

USDJPY

Sort-term structure weakened, as the price broke below 100.75, two-day consolidation range and cracked the next support at 100.40, 50% retracement of 99.25/101.52 upleg. Negative hourly studies keep the downside in focus, however, reversal above 100.00 support, would keep broader bulls in play for fresh attempt higher. Conversely, loss of 100 handle is expected to sideline bulls and allow for stronger correction.

Res: 100.75; 101.00; 101.29; 101.52
Sup: 100.28; 100.00; 99.48; 99.25

AUDUSD

The pair extended short-term recovery rally from 0.9035 base after clearing previous strong barrier at 0.9179. Short-term price action gets congested at 0.9200 barrier, as the price fails to break higher and enters consolidative mode. Short-term bulls would remain intact while range bottom at 0.9130 zone holds and would look for further recovery towards 0.9250, 01/07 high and 0.9300, 50% of 0.9555/0.9035.

Res: 0.9225; 0.9252; 0.9270; 0.9343
Sup: 0.9130; 0.9100; 0.9081; 0.9035

 

[WindsorBrokers]

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

EURUSD

The Euro surged post Fed and maintained positive sentiment during the Asian session, as gains hit fresh high at 1.3205. Strong rally retraced over 61.8% of 1.3414/1.2754 downleg, with downside risk being sidelined and near-term focus shifted higher. Positive short-term technicals support further advance that would look for test of 1.3250 zone 21/06 high / 76.4% retracement, however, corrective pullback is expected to precede fresh rally, as studies on 1 and 4-hour charts are overextended. Dips would look for 1.3030, as initial support, 38.2% retracement of 1.2754/1.3205 upleg and 03/07 high, ahead of psychological 1.3000 support, where reversal should occur, to avoid revival of bears that would come in play on a break below 1.2980, 50% retracement level.


Res: 1.3146, 1.3205; 1.3260; 1.3300
Sup: 1.3067; 1.3030, 1.3000; 1.2980

GBPUSD

Cable extended recovery rally from fresh low at 1.4812, posted on 09/07 and regained levels close to 1.5200, on late yesterday / overnight’s acceleration higher. Dollar-negative comments from Fed keep the freshly established positive sentiment in play, with near-term studies moving in the positive territory. Formation of cup and holder continuation pattern, seen on 4-hour chart, supports further advance, with completion of the pattern seen on a clear break above 1.5200 barrier. Further gains would look for test of pivotal 1.5280/1.5300 zone, 50% retracement of 1.5751/1.4812 descend and 03/07 lower top. Overbought conditions, however, signal corrective action, before bulls re-assert, with dips seen ideally contained above 1.5000, psychological support / 50% retracement of 1.4812/1.5192 upleg.

Res: 1.5170; 1.5200; 1.5280; 1.5303
Sup: 1.5078; 1.5047; 1.5000; 1.4957

USDJPY

Dollar/yen lost ground after pullback from 101.52 high, accelerated on a break below psychological 100 support. Overnight’s fresh weakness extended to 98.22 and marks over 38.2% retracement of 93.78/101.52 rally and looks for further decline, as 4-hour indicators slid into negative territory. Immediate target lies at 98.00, round-figure support, ahead of 97.65, 50% retracement and 97.00 higher platform of 21-25/06. From the other side, oversold hourly studies suggest that corrective rally should precede fresh leg lower, with 99.00/25 zone offering initial resistance and 100 yen barrier, also 50% of 101.52/98.22 downleg, reinforced by 55DMA, expected to cap.

Res: 99.00; 99.25; 99.48; 99.77
Sup: 98.22; 98.00; 97.65; 97.00

AUDUSD

The pair maintains positive short-term tone, as fresh strength above 0.9200 congestion top, regained 0.9300 handle and looks for full retracement of 0.9343/0.9035 descend. Positive short-term technicals support the notion, with clearance of 0.9343, 26/06 high, required to confirm base at 0.9035 and open way for more significant recovery of larger bull-trend that commenced form 1.0581, 11/04 high. Initial support lies at 0.9230, yesterday’s high, with previous barrier, now support at 0.9200, expected to contain dips and keep the downside risk sidelined.

Res: 0.9304; 0.9324; 0.9343; 0.9400
Sup: 0.9230; 0.9200; 0.9172; 0.9125

 

[WindsorBrokers]

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

EURUSD

The Euro ended week in which the pair posted fresh 3-month low at 1.2754 and 3–week high at 1.3205. Price closed at 1.3069, 200DMA and near 50% retracement of entire 1.3414/1.2754 downleg, with downside being protected at 1.3000, psychological support and higher platform. Two day consolidation moves in a narrow range, following pullback from 1.3205 high, with hourly studies holding neutral tone. From the other side, positive 4-hour structure and formation on bullish pennant, suggests that bulls are in play and look for renewed attempt higher. Sustained break above 1.3100 is required to confirm and open key short-term barrier at 1.3205. Conversely, violation of 1.3000 base and 1.2980, 50% retracement of 1.2754/1.3205 recovery rally, would soften the tone and increase downside risk.

Res: 1.3121; 1.3146, 1.3205; 1.3260
Sup: 1.3000; 1.2980; 1.2926; 1.2900

GBPUSD

Cable consolidates past week’s rally that commenced at 1.4812, fresh 3-year low and peaked at 1.5220, retracing over 38.2% of 1.5751/1.4812 descends. The price found base at 1.5070/60 zone, reinforced by 4-hour 55DMA, but weak hourly studies keep the downside at risk. However, 4-hour structure remains positive, with price holding above 1.5060, would keep hopes of fresh strength above 1.5200/20 in play, for resumption of short-term recovery towards key 1.5282/1.5303 barriers.



Res: 1.5130; 1.5170; 1.5200; 1.5220
Sup: 1.5074; 1.5060; 1.5000; 1.4979

USDJPY

The pair trades in two-day consolidative range, off fresh low at 98.22, posted on 11/07, with 99.68 high being reached so far. Series of higher lows from 98.22, suggest further recovery, with notion being supported by Friday’s inside day candle and positively aligned hourly studies. Regain of minimum 100 level is required to confirm recovery, otherwise, fresh weakness would be triggered by still weak 4-hour studies and re-focus 98.22 support.


Res: 99.68; 99.87; 100.00; 100.62
Sup: 99.00; 98.88; 98.56; 98.22

AUDUSD

The Aussie remains under pressure, as last Friday’s fresh weakness dented psychological 0.9000 support and probed levels last time traded in Sep 2010. Weekly close above 0.9000 handle, sees potential for limited corrective action, as technicals turned negative, following last week’s recovery rejection at 0.93 zone and subsequent fall, signaling resumption of larger downtrend. Initial resistance lay at 0.9115/50, Fibonacci 38.2% and 50% of Thu/Fri fall from 0.9304, with key barrier at 0.9200, expected to cap stronger rallies. Fresh weakness below 0.9000, would open 0.8900, round figure support and 0.8888, Fibonacci 100% expansion of the downwave from 1.0581.


Res: 0.9115; 0.9150; 0.9185; 0.9200
Sup: 0.9054; 0.9037; 0.8997; 0.8950

 

[WindsorBrokers]

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

EURUSD

The Euro trades in a prolonged consolidation, holding in a sideways mode, with price action being entrenched within 1.3000/80 range. Hourly studies are still neutral, as the price attempts through the range tops, while 4-hour technicals maintain bullish tone and see scope for fresh strength that needs to clear initial barriers at 1.3121/45, to open key resistance at 1.3205. Double hanging man candle on the daily chart, however, keeps the risk of fresh weakness, with slide below key support levels at 1.3000/1.2980 that keep the downside protected for now, required to bring bears in play.

Res: 1.3100; 1.3121; 1.3145, 1.3205
Sup: 1.3050; 1.3000; 1.2980; 1.2926

GBPUSD

Cable’s hourly studies remain neutral, despite the price dented initial support and range floor at 1.5060, on a dip to 1.5026, as quick recovery above 1.5100, brought the price back to the range. From the other side, 4-hour chart maintain positive, with fresh strength, still being in play. Monday’s Doji candle shows indecision and sees potential for prolonged consolidation, with break of either 1.5026 or 1.5130, required to signal fresh direction.


Res: 1.5170; 1.5192; 1.5200; 1.5220
Sup: 1.5089; 1.5060; 1.5000; 1.4979

USDJPY

The pair extended short-term recovery off 98.22 low, as the price initially broke above 99.68, consolidation range top and more important psychological 100 barrier. Fresh rally reached 100.47 so far, with corrective pullback being contained at 99.68, previous low / 55DMA. Positively aligned hourly studies keep the upside favored, with sustained break above 100 hurdle, expected to resume recovery and open key 101.52 barrier, 08/07 high. Conversely, downside risk would increase on a violation of initial 99.68 support, while loss of 99.00 handle will be bearish and shift focus towards 98.22 low.


Res: 100.00; 100.47; 100.62; 101.00
Sup: 99.68; 99.34; 99.00; 98.87

AUDUSD

The Aussie remains extends recovery rally from 0.8997 low, as break above 0.9115 congestion top triggered fresh strength to important 0.9200 resistance zone. Freshly established bulls on hourly chart are supportive for further recovery, with 4-hour chart indicators heading north and building up bullish momentum. However, clear break above 0.9200 hurdle is seen as minimum requirement to open way towards key barriers at 0.9304 and 0.9343, 11/07 high and 26/27/07 tops / near 50% of 0.9664/0.8997 descend. Only break above the latter would be signaling more significant corrective action, as larger picture bears remain fully in play.


Res: 0.9200; 0.9232; 0.9252; 0.9304
Sup: 0.9145; 0.9115; 0.9085; 0.9034

 

[WindsorBrokers]

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

EURUSD

Bulls came back to play after the price broke above congestion tops at 1.3080. Fresh strength through initial barriers at 1.3121/45, opens way towards 1.3205, 11/07 peak, setting scope for further retracement of 1.3414/1.2754 downleg. Break above 1.3205 is required to open 1.3258, next target, Fibonacci 76.4% retracement and 21/06 high, seen as next target. Positive tone on lower timeframes studies and daily close above 200DMA, supports the notion, while previous resistances at 1.3100/1.3080 offer immediate support, while key support and breakpoint lies at 1.3000 higher platform.

Res: 1.3173; 1.3205; 1.3258; 1.3300
Sup: 1.3125; 1.3100; 1.3080; 1.3050

GBPUSD

The price bounced from short-term consolidation floor and cracked the upper boundary at 1.5140 zone, signaling possible extension higher and retest of key short-term hurdle at 1.5220. However, lack of momentum for final push higher, with hourly studies being overall neutral, would question short-term bulls. Failure to regain 1.5200/20 barriers, would signal prolonged sideways trading. Initial support at 1.5100 holds for now, while more downside risk would be seen on violation of range floor at 1.5030 zone.

Res: 1.5142; 1.5167; 1.5192; 1.5220
Sup: 1.5100; 1.5075; 1.5056; 1.5043

USDJPY

The pair remains under pressure, following Monday’s rejection at 100.47 and subsequent reversal that dented 99.00 support. Further extension of downmove from 100.47 would threaten 98.22, 11/07 low and psychological 98.00 support, reinforced by 100DMA, as short-term indicators hold in the negative territory and keep the downside favored. Corrective rallies are expected to stay under 100.47 high.

Res: 99.53; 100.00; 100.47; 100.62
Sup: 99.00; 98.88; 98.56; 98.22

AUDUSD

The pair returned to strength and extended short-term recovery rally from 0.8997 low, with eventual break above 0.9200 barrier, seeing scope for further gains and full retracement of 0.9304/0.8997 downleg. Positive short-term technicals support the notion, however, consolidative/corrective action on overbought hourly studies, may delay bulls, with dips to be ideally contained at 0.9160 zone, 38.2% retracement of 0.8997/0.9259 rally / 20/55DMA bullish crossover. Key upside barriers lay at 0.9304/43 and break here is required to spark stronger correction and sideline broader bars.

Res: 0.9237; 0.9259; 0.9304; 0.9343
Sup: 0.9200; 0.9160; 0.9120; 0.9085

 

[WindsorBrokers]

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

EURUSD

Positive sentiment, established on a break above 1.3070/1.3100 barriers, 200DMA / daily Ichimoku cloud top is fading, as the price slides again below 1.3100 handle. The rally stalled at 1.3175 zone, lacking momentum for final push to 1.3205 high, break of which to resume rally from 1.2754. Studies are mixed, with 4-hour chart structure remaining positive, while hourly studies weakened, as the price probes below 1.3100 support. Losing 1.3100/1.3070 support zone would further weaken the structure and open way towards key support and higher platform at 1.3000.

Res: 1.3158; 1.3176; 1.3205; 1.3258
Sup: 1.3080; 1.3050; 1.3000, 1.2980

GBPUSD

Cable ended Wednesday’s choppy trading around 1.5200 handle, after strong rally through 1.5220 barrier reached 1.5266, where 100DMA capped the rally. Failure to regain key 1.5304 barrier, keeps the price action in a consolidative mode, with fresh probe under 1.5200, looking for support at 1.5150/00 zone, to keep positive tone in play, as 4-hour studies are positive. Only break below higher platform at 1.5030, would neutralize short-term bulls.

Res: 1.5200; 1.5242; 1.5266; 1.5304
Sup: 1.5152; 1.5100; 1.5075; 1.5043

USDJPY

The pair regained strength and broke above Wednesday’s congestion and triangle resistance at 99.80 zone. Fresh gains through psychological 100 barrier, bring bulls in play for retest of key 100.47 resistance, break of which to resume short-term rally from 98.22 low. Short-term technicals are supportive for further gains, with initial support at 99.50, ahead of bull trendline at 99.15 and 99.00/98.88, below which bears would take control.

Res: 100.47; 100.62; 101.00; 101.29
Sup: 99.90; 99.50; 99.15; 99.00

AUDUSD

The pair broke below yesterday’s range floor at 0.9190, weakening the near-term structure after upside rejection on approach to strong 0.9304 barrier. Weak hourly studies see potential for further corrective easing off yesterday’s 0.9290 high, with 0.9140, 50% retracement of 0.8997/0.9290, seen as immediate target. Larger picture range, however, remains intact, with positive 4-hour structure still seeing scope for attempt at 0.9304, range top, break of which would trigger stronger corrective action and open 0.9343/0.9400. Conversely, loss of 0.9140/00 supports, would open 0.9000 zone for retest.


Res: 0.9200; 0.9250; 0.9290; 0.9304
Sup: 0.9140; 0.9100; 0.9085; 0.9034

 

[WindsorBrokers]

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

EURUSD

The Euro ended week in the positive territory, closing at 1.3142, just ahead of double-Fibonacci barriers at 1.3155/60 (76.4% of 1.3205/1.2992 / 61.8% of 1.3414/1.2754) / bear-trendline drawn off 1.3205 and weekly high at 1.3176, the last obstacle en-route to 1.3205, 11/07 high and short-term 1.3205/1.3000 range top. Short-term studies are positively aligned, as the pair is in ascending mode off 1.3066, weekly low, with bull trendline, drawn off the latter, offering initial support at 1.3115. Clearance of Fibonacci / trendline barriers, as well as 1.3176 lower top, is looking for test of key 1.3205 barrier. Daily studies are gaining momentum, with price action being well supported by 200DMA at 1.3075, with downside risk towards 1.3000 range floor, expected to increase on a violation of 1.3075/66 support zone.

Res: 1.3168; 1.3176; 1.3205; 1.3258
Sup: 1.3126; 1.3100; 1.3065; 1.3000

GBPUSD

Cable closed for the week near pivotal 1.5282/1.5304 resistance zone, 50% retracement of 1.5751/1.4812 descend and 03/07 high / 55DMA, after denting 100DMA at 1.5263. Hourly and 4h structure is positive and supports final attempt through 1.53 barrier, to resume broader corrective rally off 1.4812, 09/07 low and expose next barriers at 1.5372, daily Ichimoku cloud base and psychological 1.5400, near Fibonacci 61.8% retracement. Bull trendline connecting 1.4812/1.5045/1.5076 low, offers support at 1.5220, along with the pervious peak of 11/07, while slide below 1.5150 would sideline bulls. Key short-term support lies at 1.5040 higher platform.

Res: 1.5296; 1.5304; 1.5342; 1.5372
Sup: 1.5237; 1.5200; 1.5157; 1.5100

USDJPY

The pair remains steady, as the price broke and closed above 100 barrier on Thursday. Clearance of previous high of 15/07 at 100.47 and regain of 10/07 high at 100.62, sees scope for fresh attempt through psychological 101.00 resistance, towards key barrier at 101.52, 08/07 high. Corrective pullback, triggered by overbought hourly studies, was for now contained at 99.60, Fibonacci 61.8% of 98.88/100.85 upleg. Positive 4-hour studies keep the upside favored, with price required to hold above 100 support to keep focus higher. Corrective pullback, triggered by overbought hourly studies, was for now contained at 99.60, Fibonacci 61.8% of 98.88/100.85 upleg.

Res: 100.47; 100.61; 100.85; 101.00
Sup:99.63; 99.28; 99.00, 98.88

AUDUSD

The pair remains in a consolidative range of 0.9000/0.9300, with weekly close occurring in the upper area of the range and lower timeframes studies being positively aligned. Overall bear-trend, however, remains in play and sees the resumption lower, once break below 0.9000 signals completion of consolidative phase. Only clear break above 0.9300 barrier would signal basing attempt and allow for stronger corrective action.


Res: 0.9235; 0.9250; 0.9290; 0.9304
Sup: 0.9200; 0.9173, 0.9136; 0.9109

GOLD

Spot Gold ended week with positive tone, after testing both boundaries of short-term range, with recovery off 1267 range low, closing just under strong 1300 barrier, range top / 50% retracement of 1423/1180 descend and bear-trendline, drawn off 1588, 10/04 high. Positive tone dominating on short-term studies, pushed the price for final break above 1300 barrier, with acceleration higher clearing initial 1321 target. Upside is now seen favored and price is looking for 1330, Fibonacci 61.8% of 1423/1180 descend and 1338, 19/05 low. Overbought conditions on lower timeframes studies suggest corrective pullback would precede fresh rally, with previous key barrier at 1300, now acting as key support and expected to contain corrective dips.




Res: 1322; 1338; 1354; 1365
Sup: 1310; 1300; 1288; 1282

 

[WindsorBrokers]

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

EURUSD

The Euro ticked higher and posted fresh high at 1.3237, following shallow correction that was contained by daily Ichimoku cloud top at 1.3160. Daily close and sustained above 1.3200 handle, also bull-trendline off 1.3066, along with positive short-term studies, keep the upside targets in focus. Immediate barrier lies at 1.3258, Fibonacci 76.4% retracement of 1.3414/1.2754, break of which to open 1.3300, round figure resistance and 20/06 high. The notion is supported by daily indicators moving into positive territory and gaining bullish momentum. However, hesitation at the upper levels could be expected, as short-term technicals are approaching overbought zone, with Tuesday’s low and daily cloud top at 1.3160, reinforced by 20DMA, offering solid support, where dips should be ideally contained.

Res: 1.3217; 1.3237; 1.3258; 1.3300
Sup: 1.3190; 1.3160; 1.3142; 1.3120

GBPUSD

Cable extended gains from 1.5324, Tuesday’s higher low to post marginally higher high at 1.5390 and cracking daily Ichimoku cloud base / Fibonacci 61.8% of 1.5751/1.4812 downleg. Clearance of 1.5390/1.5400 barrier is required to extend the third wave of recovery from 1.4812 that commenced at 1.5026, towards its 100% Fibonacci expansion at 1.5434. Next barriers lay at 1.5476, 25/06 lower top and psychological 1.5500 resistance. Short-term studies maintain positive tone, however, RSI/MACD bearish divergence on hourly chart, signal corrective action. Immediate supports lay at 1.5324/00, with deeper dips not to exceed next support zone at 1.5265/50.

Res: 1.5390; 1.5400; 1.5434; 1.5476
Sup: 1.5324; 1.5300; 1.5265; 1.5250

USDJPY

The pair came under pressure again, as Tuesday’s recovery rally from 99.13 low, failed to sustain gains above psychological 100 barrier. Rally stalled at 100.17, Fibonacci 61.8% of 100.85/99.13 downleg, with subsequent weakness forming Head and Shoulders pattern on 4-hour chart, with completion seen on break below the neckline at 99.17 and psychological 99.00 support. This could trigger fresh extension of the fifth wave off 100.17 that could, according to the wave principles, extend to 98.00, equivalent of the third wave. Studies on 1 and 4-hour chart are negatively aligned and keep the downside favored, while corrective rallies require break above 100.17 barrier, to shift near-term focus higher.

Res: 100.00; 100.17; 100.47; 100.61
Sup: 99.34; 99.22; 98.88; 98.56

AUDUSD

The pair remains supported as fresh attempts higher cracked 0.9300 barrier, Fibonacci 38.2% of 0.9790/0.8997 downleg and 3-week range top. Positive short-term studies remain supportive, however, corrective pullback on overbought hourly conditions would precede fresh rally, with dips to be ideally contained at/above 0.9220/00 supports. Completion of short-term consolidative phase requires break above 0.9300/43 barriers to signal short-term base at 0.9000 and open way for stronger correction. Next target lies at 0.9394 and marks 50% retracement of 0.9790/0.8997 descend. Tuesday’s low at 0.9221, reinforced by 20DMA, offers initial support.


Res: 0.9284; 0.9316; 0.9343; 0.9392
Sup: 0.9240; 0.9200; 0.9173, 0.9136

 

[WindsorBrokers]

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

EURUSD

The Euro remains well supported, as the price continues to channel higher and approaches next target at 1.3300, with weekly close just under the barrier. Friday’s Doji would signal further consolidation, before the price resumes larger rally that commenced from 1.2754, 09/07 low and targets 1.3414, 18/19 / 06 peaks. Positive technicals remains supportive for final push higher, with 1.3250/00 zone offering initial support and expected to protect the downside.

Res: 1.3300; 1.3325; 1.3400; 1.3414
Sup: 1.3250; 1.3220; 1.3200; 1.3164

GBPUSD

Cable ended Friday’s trade with Doji candle, as the price moved within 1.5350/80 consolidative range. However, positive tone dominates on lower timeframes studies and favors further upside. Clear break above 1.5400 barrier that was cracked on spike to 1.5433, is required to open 1.5476, 26/06 high and psychological 1.5500 barrier. Positively aligned daily studies are supportive, with Friday’s low at 1.5354, reinforced by 20DMA, offering initial support, ahead of psychological 1.5300 handle. Only loss of last week lows at 1.5262, would delay bulls.


Res: 1.5402; 1.5433; 1.5476; 1.5489
Sup: 1.5350; 1.5327; 1.5300; 1.5262

USDJPY

The Dollar/yen ended week in red, after repeated failure to hold gains above psychological 100 level, triggered fresh weakness. Friday’s extension lower that broke below 98.22, previous low, probed below 98.00 support. This completed daily failure swing and opens way for broader weakness. Break below important supports at 97.65/58, 50% retracement of 93.78/101.52 ascend / daily Ichimoku cloud base, is required to confirm bearish resumption from 101.52 and 100.85 highs and open 97.00, round-figure support and 96.74, Fibonacci 61.8% retracement, as daily indicators are attempting below their midlines. Negative tone prevails on lower timeframes, with the downside being favored, however, bears may be interrupted by corrective rally on oversold conditions.

Res: 98.33; 98.70; 99.00; 99.38
Sup: 97.62; 97.22; 96.95; 96.74

AUDUSD

The pair ended week during which the pair tested both, 0.9000/0.9300 near-term range borders, with positive tone prevailing on a bounce towards the upper boundary. Friday’s trading was seen as consolidation under the range top, as the price held above 0.9200 support. Positively aligned short-term studies keep the upside focused, with clearance of 0.9316/43 barriers, required to confirm bottom and commence recovery phase. Conversely, repeated upside rejection would signal further sideways trading and increase downside risk, if price falls below 0.9200/0.9150, Fibonacci 38.2% / 50% of 0.8997/0.9316 range.

Res: 0.9286; 0.9316; 0.9343; 0.9400
Sup: 0.9226; 0.9200; 0.9167; 0.9127

 

[WindsorBrokers]

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

EURUSD

The Euro trades in extended consolidative phase, confirmed by Tuesday’s Doji, with the price action holding above bull-trendline, off 1.2992 and dips being contained at 50% of 1.3164/1.3300 upleg. Tuesday’s test of 1.3300 barrier keeps the upside favored, with positive 4-hour studies supporting the notion. Clearance of range top at 1.3300 is required to signal resumption of larger uptrend from 1.2754 and expose short-term target at 1.3414. Conversely, extension below 1.3233 range floor, would delay bulls, while loss of 1.3200/1.3164 supports would neutralize short-term bulls.

Res: 1.3271; 1.3300; 1.3325; 1.3400
Sup: 1.3233; 1.3216; 1.3200; 1.3164

GBPUSD

Cable accelerated lower after repeated failures at near-term range tops at 1.5400 zone. Completion of daily diamond reversal pattern and loss of initial support and range floor at 1.5262, signals increased downside risk. The fall dented 11/07 high at 1.5220, bringing important support at 1.5200, Fibonacci 38.2% of 1.4812/1.5433, in focus. Break lower to signal near-term top and allow for deeper reversal towards 1.5122, 50% retracement and 1.5100, round figure support. Negative near-term studies favor further downside, with corrective rallies on oversold conditions to be ideally capped under 1.5350 barrier.


Res: 1.5249; 1.5262; 1.5300; 1.5327
Sup: 1.5200; 1.5157; 1.5122; 1.5100

USDJPY

The pair trades in near-term consolidative mode off 97.60 support zone, where 50% retracement of 93.78/101.52 and daily Ichimoku cloud base, offered temporary support for the fall from 100.44, 25/07 high. Sideways mode is confirmed by double-Doji candle. Negative tone prevails on 4-hour studies and sees current consolidation preceding fresh leg lower, as strong bearish signal was given on a completion of Head and Shoulders pattern on 4-hour chart and daily failure swing. Break below 97.60 to open round figure support at 97.00 and 96.74, Fibonacci 61.8% retracement. Only extension through initial barrier at 98.45, 100DMA, would provide near-term relief and give initial signal of stronger recovery.

Res: 98.15; 98.45; 98.70; 99.00
Sup: 97.62; 97.22; 96.95; 96.74

AUDUSD

The Aussie came under increased pressure on Tuesday, as downside acceleration was triggered on a break below previous low at 0.9127 and psychological 0.9100 support. Completion of 0.8997/0.9316 corrective phase is seen as likely scenario, as the price approaches key support at 0.8997, 12/07 fresh low, break of which to commence fresh bear-leg, as a part of larger downtrend. Hesitation ahead of 0.8997 support, may be triggered by oversold near-term studies, while regain of 0.9157, range’s midpoint, would avert downside risk and signal prolonged sideways trading.

Res: 0.9100; 0.9127; 0.9175; 0.9200
Sup: 0.9011; 0.8997; 0.8900; 0.8861

GOLD

Spot Gold showed no changes in Tuesday’s trading, compared to previous sessions, as near-term 1308/40 range remains intact. Price action oscillates around range’s mid-point at 1324. Near-term studies hold neutral tone, as the price remains in sideways mode. However, positive daily studies keep the upside in focus, with completion of bullish pennant and extension above 1347 peak, required to resume larger rally from 1180 low. Alternative scenario sees loss of 1308/00 support zone to bring bears in play.


Res: 1340; 1347; 1355; 1366
Sup: 1330; 1324; 1317; 1313

 

[WindsorBrokers]

Short Term Technical Analysis for Majors 09:20

EUR/USD

Trading lower on short term, the eurusd managed to hold some ground above 1.3190 zone ahead of the most important barrier at 1.3160 which is expected to offer a medium term downtrend if broken. Today all traders are waiting for the Employment figures on the US economy that could give pressure on FOMC decisions about their 6.5% employment threshold. From the upside, eurusd found resistance yesterday at 1.3265 which is 50% Fibo level for the drop from 1.3344 to 1.3188, a break there should offer an uptrend to test 1.3310 and 1.3344 peak next

Res: 1.3225, 1.3265, 1.3310, 1.3344
Sup: 1.3190, 1.3160, 1.3125, 1.3065

GBP/USD

Lower High Pattern has been dominating the picture for the past 5 days, the gbpusd was finding good resistance at 1.5250 zone before it dropped to today’s low at 1.5100. Holding below 1.5250 and 1.5290 zone will pressure for more to the downside towards 17th July low at 1.5070 before 15th July low at 1.5025.

Res: 1.5170, 1.5250, 1.5290, 1.5350
Sup: 1.5075, 1.5025, 1.4975, 1.4905

USD/JPY

The Japanese Yen has been weakening for the past two days which caused the Japanese stocks to rise; usdjpy is expected to test 100.40 and 100.80 previous peaks, as long as it holds above 98.50 zone which a break below 99.17 could offer a drop to the previous mentioned barrier.

Res: 99.95, 100.40, 100.80, 101.50
Sup: 99.17, 98.50, 97.50, 96.90

AUD/USD

After RBA Governor Glenn Stevens comments about interest rates, the pair kept going lower aiming for Aug 2010 lows at 0.8860 and 0.8770 next, the pair also found some resistance below 0.8944 for now, any correction higher this point will give positive action towards 0.8990 and 0.9010 next.


Res: 0.8945, 0.8990, 0.9010, 0.9045
Sup: 0.8890, 0.8860, 0.8770, 0.8630

Gold

Gold managed to break 1300 barrier offering additional losses so far to 1283, support is found at 1282, and most importantly 1267 lowest since 11 July. Any rise above 1300-02 could open the path to 1316 and then back to its previous highs at 1340 zone.

Res: 1302, 1316, 1338, 1347
Sup: 1282, 1267, 1241, 1210

 

[WindsorBrokers]

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

EURUSD

EURUSD managed to recover most of Thursday’s losses after finding support at 1.3190 and rising around 100 pips in the wake of below consensus US job growth figures on Friday. It is currently trading just below important resistance 1.3300 which if broken open the way for 1.3345 (31st July High). Current Trading above 20 and 55 moving averages on the H1 chart confirm upward momentum. European economic figures to watch out for today include Spanish Services PMI (07:15 am GMT) and Italian Services PMI (07:45 am GMT).
Res: 1.3415, 1.3380 1.3345, 1.3300
Sup: 1.3190, 1.3165, 1.3145, 1.3100

GBPUSD
Friday was a good day for the cable as it managed to close 176 pips higher than its open price gaining momentum from Friday’s weak US jobs data. It continued its rise today breaking 1.5307 (Fridays high) and 1.5360 on UK Services PMI which came at 60.2, higher than the already optimistic 57.4 expectation and above last month’s reading of 56.9
Res: 1.5530, 1.5475, 1.5430, 1.5375,
Sup: 1.5250, 1.5180, 1.5100, 1.5075,

USDJPY
Weak US jobs data on Friday caused the Yen to drop to 98.65, which it managed to break below during today’s trading to make a new low at 98.27. And the question is will we see a complete wipe out of the 230 pip gain we saw last Thursday and early Friday if it drops back 97.60 support. Currently most indicators point down on H1 chart among them MACD below Zero line and Momentum 22 below 100. Only if we see trading go back above 99.50 will we reverse our bearish outlook
Res: 100.86, 100.40, 100.00, 99.50
Sup: 98.27, 97.60, 97.20, 97.00

AUDUSD
Trading at 3 year lows, AUDUSD has no difficulty achieving new trend lows. Expectations are high that Australia’s central bank will further cut the country’s benchmark interest rate. Analysts largely expect a rate cut of a quarter-percentage point at Tuesday’s meeting to a new record low of 2.5%. Currently the pair seems in a retracement phase as it rose 65 pips from the trend low of 0.8845.
Res: 0.9075, 0.9045, 0.9000, 0.8950
Sup: 0.8845, 0.8810, 0.8760, 0.8620

GOLD
We saw gold try to form a new downtrend by breaking key support 1300 and dropping to 1283 (new support), however it managed to recover that loss in the same day closing at 1312. If trading manages to stay above psychological level 1300 then outlook will remain bullish with targets at 1320 and 1331.
However it’s important to note that the general uptrend is weak as it ended on 24th July when it reached a peak of 1348 and hasn’t been able to break above since
Res: 1365, 1348, 1331, 1320
Sup: 1300, 1283, 1270, 1260