Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EURUSD
Again we see a failure to break any support or resistance levels during the previous session. There was 2 attempt to break 1.3330 support, first time dropping to daily low 1.3322 and second time to 1.3327, however in both cases the candle on the H1 chart failed to close below 1.3330 support making it a failed attempt instead of a genuine break. This means the outlook remains the same and no change to any support or resistance levels.

Watch out for US pending Home Sales m/m at 2:00pm GMT which is expected at 0.2% an improvement on the previous reading of -0.4%

Res: 1.3410, 1.3450, 1.3480, 1.3520
Sup: 1.3330, 1.3300, 1.3260, 1.3230

GBPUSD
Strong downward momentum for the Sterling, we saw it break 2 supports (1.5540 & 1.5515) and continued to drop to test the 3rd support at 1.5490. It did manage to achieve a daily low below that level at 1.5480 however the candle on the H1 chart did not close below it so we will consider it just a test and not a break, so the support still holds. Sterling retraced up 75 pips later on and now looks like it’s going for another shot at the 1.5490 support

Res: 1.5555, 1.5600, 1.5640, 1.5700,
Sup: 1.5490, 1.5420, 1.5375. 1.5300

USDJPY
The previous session was a big losing day for USDJPY, with the daily range between high and low at 155 pips. This steep drop broke all 4 previously mentioned supports 98.10, 97.8, 97.55 and 97.30. A strong achievement for just 1 day. It achieved a trend low of 96.80 which will be our first support level for today, since that low USDJPY took a brief break retracing 60 pips back up to 97.40 during today’s early trading. Japan's Nikkei ends down 1.5% at 13,338.46

Res: 97.40, 97.70, 98.00 98.40
Sup: 96.80, 96.40, 96.00, 95.80

AUDUSD
After 2 previous failed attempts to break 0.8930 support, the Aussie finally did earlier today and continued its fall to test next support at 0.8900, which is also today’s daily low. We saw a 30 pip retracement afterwards which is usually expected. The current downtrend for AUDUSD on the H1 chart is from 0.9070 (26th August) to 0.8900. The outlook will remain bearish today as long as trading stays below 0.9030 with a revisit of 0.8900 and further fall to 0.8845 as our targets

Res: 0.9000, 0.9040, 0.9100, 0.9130
Sup:, 0.8900, 0.8845, 0.8800, 0.8769

Gold
Gold has seen 4 consecutive sessions of gains and today appears to continue this trend. It found no problem breaking our 3 resistances 1407, 1415 and 1425 to achieve a current uptrend high at 1433. Gold futures declined early Wednesday, with the safe-haven asset taking a breather after surging into a bull market on concerns about military action against Syria. Only a drop back below 1400 will we reverse our current bullish outlook

Res: 1433, 1445, 1455, 1490
Sup: 1413, 1405, 1390, 1370

 

[WindsorBrokers]

Short Term Outlook for Majors 29-8-13

EURUSD
Euro broke 1.3330 support and continued its fall to test 1.3300. Afterwards it retraced back up to 1.3345 and now looks back on its way to test 1.3300 again. So currently our outlook switches to bearish as long as trading stays below 1.3370. The dollar rose against major rivals Wednesday, holding on to gains as investors continued to worry about a possible military strike in Syria. U.S. Fed is likely to slow its monthly bond purchases and perhaps even raise interest rates. Currencies tend to sell off in periods of global risk aversion or rising U.S. interest rates

Res: 1.3370, 1.3410, 1.3450, 1.3480
Sup1.3300, 1.3260, 1.3230, 1.3300

GBPUSD
Sterling continued its current downtrend breaking 1.5490 support and falling further to test 1.5420. Since it has retraced back up almost 100 pips testing key pivot point 1.5555, which if successful will reverse our outlook to bullish. England’s central bank said it stands ready to step up stimulus efforts if rising interest rates threaten economic recovery in Britain. It emphasized that the previously mentioned 7% unemployment rate is a threshold, not trigger, for raising UK interest rates

Res: 1.5555, 1.5600, 1.5640, 1.5700
Sup: 1.5480, 1.5420, 1.5375. 1.5300

USDJPY
The USDJPY on the H1 chart made a complete reversal of the previous downtrend. Among the signs was that head and shoulders patterns after hitting a low of 96.80, and it later continued to rise to break the downward channel and rise above the 55 exponential moving average, breaking 2 resistances on its way 97.40 and 97.70. So our current outlook is bullish as long as trading is maintained above 97.15 with our first target at 98.00. Most Asian stocks advance, tracking a rebound on Wall Street, with the energy sector particularly strong after U.S. benchmark crude-oil prices top $110-a-barrel overnight

Res: 98.00 98.40, 98.75, 99.15
Sup: 97.40, 97.15, 96.80, 96.40,

AUDUSD
We didn’t see any major moves on the Aussie as compared to the other currencies, however we did see it test 0.8900 twice but fail to break it, proving itself a strong support. Currently it’s trading close to psychological 0.9000 resistance and we will monitor if it will be able to break it as it already failed once before. If it does break it this leaves 0.9040 and 0.9100 targets in view.

Res: 0.9000, 0.9040, 0.9100, 0.9130
Sup:, 0.8900, 0.8845, 0.8800, 0.8769

Gold
After achieving an uptrend high of 1433, gold has dropped 27 dollars so far breaking 1413 support and is currently testing 1405. If it does break that support then we will not just consider it a retracement but a full reversal of the uptrend on the H1 chart. The drop comes with a gain in the U.S. dollar on Syria-related concerns tugging at prices after they climbed to their best levels in nearly three months.
Res: 1422, 1433, 1445, 1455,
Sup: 1405, 1390, 1378, 1370

 

[WindsorBrokers]

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

EURUSD
Euro broke 1.3330 support and continued its fall to test 1.3300. Afterwards it retraced back up to 1.3345 and now looks back on its way to test 1.3300 again. So currently our outlook switches to bearish as long as trading stays below 1.3370. The dollar rose against major rivals Wednesday, holding on to gains as investors continued to worry about a possible military strike in Syria. U.S. Fed is likely to slow its monthly bond purchases and perhaps even raise interest rates. Currencies tend to sell off in periods of global risk aversion or rising U.S. interest rates

Res: 1.3370, 1.3410, 1.3450, 1.3480
Sup1.3300, 1.3260, 1.3230, 1.3300

GBPUSD
Sterling continued its current downtrend breaking 1.5490 support and falling further to test 1.5420. Since it has retraced back up almost 100 pips testing key pivot point 1.5555, which if successful will reverse our outlook to bullish. England’s central bank said it stands ready to step up stimulus efforts if rising interest rates threaten economic recovery in Britain. It emphasized that the previously mentioned 7% unemployment rate is a threshold, not trigger, for raising UK interest rates

Res: 1.5555, 1.5600, 1.5640, 1.5700
Sup: 1.5480, 1.5420, 1.5375. 1.5300

USDJPY
The USDJPY on the H1 chart made a complete reversal of the previous downtrend. Among the signs was that head and shoulders patterns after hitting a low of 96.80, and it later continued to rise to break the downward channel and rise above the 55 exponential moving average, breaking 2 resistances on its way 97.40 and 97.70. So our current outlook is bullish as long as trading is maintained above 97.15 with our first target at 98.00. Most Asian stocks advance, tracking a rebound on Wall Street, with the energy sector particularly strong after U.S. benchmark crude-oil prices top $110-a-barrel overnight

Res: 98.00 98.40, 98.75, 99.15
Sup: 97.40, 97.15, 96.80, 96.40,

AUDUSD
We didn’t see any major moves on the Aussie as compared to the other currencies, however we did see it test 0.8900 twice but fail to break it, proving itself a strong support. Currently it’s trading close to psychological 0.9000 resistance and we will monitor if it will be able to break it as it already failed once before. If it does break it this leaves 0.9040 and 0.9100 targets in view.

Res: 0.9000, 0.9040, 0.9100, 0.9130
Sup:, 0.8900, 0.8845, 0.8800, 0.8769

Gold
After achieving an uptrend high of 1433, gold has dropped 27 dollars so far breaking 1413 support and is currently testing 1405. If it does break that support then we will not just consider it a retracement but a full reversal of the uptrend on the H1 chart. The drop comes with a gain in the U.S. dollar on Syria-related concerns tugging at prices after they climbed to their best levels in nearly three months.
Res: 1422, 1433, 1445, 1455,
Sup: 1405, 1390, 1378, 1370

 

[WindsorBrokers]

Short Term Outlook for Majors 30-8-13

EURUSD
Euro dropped 180 pips during the previous two sessions. This time breaking 1.3300, 1.3260 and 1.3230 support to achieve a new low for the downtrend at 1.3220. The next key support for today will be 1.3200, however we might see a brief retracement up after this sharp fall. The dollar held steady near a four-week high versus a basket of currencies on Friday after having rallied on upbeat U.S. economic data. The upward revision to second-quarter U.S. economic growth bolstered the case for the Federal Reserve to begin winding down stimulus next month.

Res: 1.3310, 1.3370, 1.3410, 1.3450
Sup: 1.3230, 1.3200, 1.3185, 1.3110

GBPUSD
No change regarding the sterling’s outlook, it didn’t manage to break any support or resistance levels during the previous session. There was an attempt to break 1.5480 that failed, since then it retraced 40 pips. GBPUSD is still reflecting the weakness generated by Governor Carney’s dovish comments. The outlook still remains bearish as long as trading stays below 1.5555. The current downtrend on GBPUSD started from 1.5715 on the 27th August to the low of 1.5420 on the 28th of August, which is the current main target

Res: 1.5555, 1.5600, 1.5640, 1.5700,
Sup: 1.5480, 1.5420, 1.5375. 1.5300

USDJPY
USDJPY continues its uptrend breaking 98.00 resistance. However it appears to have a lot of difficulty passing the 98.40 barrier as we see a triple top there, so this will be the key level to monitor today. 98.00 resistance appeared to have switched to a support as it was bought a few times at this level and is currently testing it and trading below it, however we are waiting for the candle to close below. The Japanese currency has been locked in an inverse correlation with Tokyo shares for months, also gained some support as the benchmark Nikkei share average sagged 0.6 percent

Res: 98.50, 98.75, 99.15, 100
Sup: 98.00, 97.40, 97.15, 96.80

AUDUSD
Aussie still trading in a 100 pip range between two key levels 0.9000 resistance and 0.8900 support. No levels were broken during the previous session however there was an attempt at 0.8900 that failed and since then retraced back 50 pips. RSI is flat and the current price is inside the Ichimoku cloud reflecting the lack of buying or selling momentum.

Res: 0.9000, 0.9040, 0.9100, 0.9130
Sup:, 0.8900, 0.8845, 0.8800, 0.8769

Gold
Gold is relentlessly trying to break 1400 support. We see more than 10 hourly candles dropping to this level and back up. And it’s below and testing this level. If the candle manages to close below it then this will confirm the current downtrend from 1433 since 28th August. Only a rise back above 1422 will give us a bullish outlook. ADX indicator below the 25 level confirms a downtrend exists on the H1 chart.

Res: 1422, 1433, 1445, 1455,
Sup: 1400, 1390, 1378, 1370

 

[WindsorBrokers]

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

EURUSD

The Euro remains under pressure, as near-term downtrend off 1.3400 upside rejection, completed 1.3187/1.3450 upleg on extension to 1.3172, over 38.2% retracement of larger 1.2754/1.3450 ascend. The price hovers around 1.32 handle at the beginning of the week, trading in near-term consolidative mode. Negative tone prevails and sees the downside favored, with repeated attempt through 1.3205/1.3187 supports, expected to open 200DMA at 1.3140 and 1.3100, round figure/50% retracement support. However, overextended 4-hour studies and bearish divergence on hourly chart, see potential for more significant corrective action. Lower platform at 1.3253, also Fibonacci 38.2% of 1.3397/1.3172, offers initial resistance, ahead of Fibonacci 50% barrier at 1.3284 and psychological 1.33 resistance, also 22/08 low and near 61.8% retracement, where rallies should be ideally capped. Any break higher, would ease bear pressure and signal near-term base.

Res: 1.3253; 1.3284; 1.3300; 1.3344
Sup: 1.3205; 1.3172; 1.3140; 1.3100

GBPUSD

Cable recovers 50% of 1.5716/1.5427 fall, on acceleration from last Friday’s low at 1.5461, with Monday’s gap-higher opening. Positive near-term studies are supportive, as repeated attempt below 200DMA at 1.55, so far showed false breaks. However, regain of 1.5600, near 61.8% retracement and lower top at 1.5636, is required to confirm recovery and re-focus 1.5700, round figure and 1.5716, 21/08 peak / 100% Fibonacci expansion of the upleg from 1.5100, as larger picture bulls remain intact for now. Only break below 1.5420 higher platform, would bears back in play and signal completion of daily Head and Shoulders pattern.

Res: 1.5572; 1.5600; 1.5636; 1.5700
Sup: 1.5546; 1.5504; 1.5461; 1.5427

USDJPY

The pair continues to trend higher, off 96.80 low, with price approaching psychological 99.00 barrier and 99.14, 23/08 high. Repeated attempt above bear-channel off 101.52 peak, sees scope for eventual attempt through 99.14, near-term congestion top, above which to confirm higher base at 96.80 and allow for further retracement of 101.52/96.80 downleg. Positive studies on lower timeframes support the notion. Initial supports lay at 98.50 and 97.87.

Res: 99.00; 99.14; 99.25; 99.93
Sup: 98.50; 98.27; 98.00; 97.87

AUDUSD

The Aussie remains under pressure, as fresh extension of downleg from 0.9332 peak, retested 0.8890 low, where temporary footstep was found. Corrective rally is under way, with the price cracking 50% retracement of 0.9068/0.8890 descend and approaching psychological 0.9000 barrier. Sustained break here is seen as minimum requirement to signal near-term base and allow for stronger recovery, however, gains should be limited, as larger timeframes studies being negative and keeping the risk of full retracement of 0.8846/0.9232 upleg in play.

Res: 0.9000; 0.9026; 0.9068; 0.9100
Sup: 0.8962; 0.8923; 0.8890; 0.8846

 

[WindsorBrokers]

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

EURUSD


The Euro maintains negative tone and attempts again through strong 1.3180/70 support zone, higher platform / Friday’s low, after brief recovery rally failed to sustain gains above 1.3200 barrier. Near-term technicals are bearish and favor further extension lower, with 200DMA / daily Ichimoku cloud top at 1.3140 and 1.3100, 50% retracement of 1.2754/1.3450, coming in near-term focus. However, hesitation above the downside targets may be triggered by oversold 4-hour conditions. Immediate resistance lay at 1.3200, round figure and 1.3225, Monday’s high, while more significant recovery requires break above 1.3258/84, Fibonacci barriers 50% / 61.8% retracement.


Res: 1.3200; 1.3258; 1.3284; 1.3300
Sup: 1.3140; 1.3100; 1.3087; 1.3066

GBPUSD

Cable regained some strength on a bounce from 1.5461 higher low and approached psychological 1.5600 barrier. Failure to break higher, sees increased downside risk, as the price reversed to 1.5530, where temporary footstep was found at 55DMA. Holding above the latter would keep fresh upside attempts in play, as 4-hour indicators are pointing higher and breaking above their midlines, with regain of 1.5600 and 1.5636 required to confirm higher low and shift focus towards 1.5700/16 barriers. Alternatively, loss of 1.5530 and psychological 1.5500 support, would increase risk of fresh weakness that would bring key short-term support and pivotal point at 1.5420/00 zone in focus.


Res: 1.5592; 1.5636; 1.5700; 1.5716
Sup: 1.5530; 1.5500; 1.5461; 1.5427

USDJPY

The pair continues to trend higher, off 96.80 low, with break above psychological 99.00 barrier and 99.14, 23/08 high, heading towards psychological 100 barrier. Sustained break above bear-channel brings near-term bulls fully in play, with daily indicators breaking above the midlines and supporting the notion. Break and close above 100 barrier is required to completion of weekly bullish pennant and open next targets at 100.85 and 101.52.

Res: 99.69; 100.00; 100.44; 100.85/.
Sup: 99.14; 99.00; 98.50; 98.27

AUDUSD

Near-term structure remains positive, as the price heads higher off near-term base and double-bottom at 0.8891. Sustained break above psychological 0.9000 barrier, opens way for extension towards 0.9068, 26/08 high, to complete the downleg and confirm double-bottom formation, break of which to signal possible stronger recovery. Positive near-term studies remain supportive. From the other side, larger picture remains bearish, with downside risk being in play as long as 0.9230/40 barriers cap.

Res: 0.9000; 0.9026; 0.9068; 0.9100
Sup: 0.8962; 0.8923; 0.8890; 0.8846

 

[WindsorBrokers]

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

EURUSD


The Euro remains under pressure and extends fresh weakness below important 1.3200/1.3180 support zone. The price tested 200DMA at 1.3136, with psychological 1.3100 support, also 50% of 1.2754/1.3450, being in near-term focus. Negative near-term studies, along with daily indicators entering negative territory, see scope for further downside, with break below 1.3100, expected to open 1.3050, 16/07 low and 1.3020, Fibonacci 61.8% retracement. Previous supports at 1.3180/1.3200, now act as initial resistances, with the latter being reinforced by descending 20DMA. Further upside would face Fibonacci barriers at 1.3236 and 1.3266, 38.2% and 50% retracement of 1.3397/1.3136, ahead of 1.3300, round figure resistance and Fibonacci 61.8%, where stronger rallies should be capped.

Res: 1.3172; 1.3200; 1.3236; 1.3266
Sup: 1.3136; 1.3100; 1.3066; 1.3050

GBPUSD

Cable trades in the near-term consolidative mode, after cracking psychological 1.5600 barrier on a spike to 1.5603. The second day closing above 200DMA, gives more credibility to the recovery rally from 1.5427, where pullback from 1.5716, 21/08 peak, found support. Positive tone prevails on near-term studies, with price action retracing so far 61.8% of 1.5716/1.5427 descend, keeps the upside in near-term focus. Sustained break above 1.5600 and clearance of the last hurdle at 1.5636, is required to confirm bulls for eventual push towards key 1.5700/16 barriers. Initial support lies at 1.5521, Tuesday’s low, ahead of 1.5500, 200DMA and higher lows at 1.5461/27, loss of which will be bearish.

Res: 1.5571; 1.5603; 1.5636; 1.5648
Sup: 1.5521; 1.5500; 1.5461; 1.5427

USDJPY

The pair remains steady and continues to trend higher, en-route towards psychological 100 barrier, with 99.85 seen so far. Positive near-term technicals support the action, with sustained break above 100 barrier, to signal completion of weekly bullish pennant and open next targets at 100.85 and 101.52. Near-term consolidation lows at 99.22/15, along with 99.00, offer initial support. Only reversal under 98.50, 29/08 high, would delay and signal stronger correction.

Res: 99.85; 100.00; 100.44; 100.85
Sup: 99.14; 99.00; 98.50; 98.27

AUDUSD

The pair remains well supported and extends near-term recovery rally off 0.8890 double-bottom, with 0.9100, psychological / Fibonacci 61.8% of 0.9232/0.8890 barrier, being taken out. The price also cracked daily 55DMA, setting scope for final push through 0.9175, daily cloud base, towards key near-term barriers at 0.9220/32 double-top. Near-term studies are positive, however, overbought conditions require caution, as corrective pullback would precede fresh rally. Initial support lies at 0.9068, 26/08 previous high.

Res: 0.9152; 0.9188; 0.9200; 0.9220
Sup: 0.9100; 0.9068; 0.9000; 0.8977

 

[WindsorBrokers]

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

EURUSD

The Euro/Usd trades in near-term corrective mode, off last week’s fresh low at 1.3100, where the pair found temporary support. Strong rally from 1.3100, with weekly close above 200DMA, remains capped under 1.3200 barrier for now, where the price consolidates. Positive hourly structure, with price action being underpinned by 20/55DMA’s bullish crossover, sees the upside favored. Break above 1.32 to open next layers of significant resistances at 1.3220 zone, Fibonacci 38.2% of 1.3397/1.3103 / 55DMA and 1.3250, 50% retracement, 30/08 lower platform, break of which to confirm recovery. Indicators on 4-hour chart are in the negative zone that keeps the downside at risk, however bullish MACD/RSI divergence is seen as supportive factor. Immediate support lies at 1.3160, while violation of 1.3100, would bring bears in play and signal resumption of larger downtrend from 1.3450 peak.

Res: 1.3189; 1.3200; 1.3220; 1.3250
Sup: 1.3160; 1.3136; 1.3100; 1.3080

GBPUSD

Cable holds positive near-term tone, as Friday’s rally spiked to a marginally higher high at 1.5679, en-route towards near-term targets at 1.5700/16. Technicals on lower and larger timeframes are positive and favor further upside, with clearance of initial 1.5716 barrier, expected to open way towards key 1.5751, 17/06 peak. Overnight’s low at 1.5611, offers initial support, along with psychological 1.5600 level, while only slide below Friday’s low at 1.5562, would signal stronger pullback.

Res: 1.5666; 1.5679; 1.5700; 1.5716
Sup: 1.5611; 1.5600; 1.5562; 1.5553

USDJPY

The pair recovered good part of last Friday’s losses, when the price dipped to 98.53, following brief break above 100 barrier and fresh high being posted at 100.21. Gap higher opening cracked 100 hurdle again, however, weak hourly studies keep the downside at risk. Loss of 99.00, psychological support and Friday’s closing price, would trigger fresh weakness and expose 98.50 breakpoint, Friday’s low / 50% retracement of 96.80/100.21 ascend. Conversely, sustained break above 100 barrier, is required to resume broader uptrend off 95.78, 08/08 low and look for test of 100.44/85 barriers.

Res: 99.79; 100.09; 100.21; 100.44
Sup: 99.15; 99.00; 98.50; 98.00

AUDUSD

The Aussie remains firm and consolidates last week’s gains that peaked above 0.9200 barrier. Positive tone prevails on lower timeframes and sees scope for eventual attempt through key near-term barriers at 0.9220/32, to confirm near-term base and open way for stronger corrective action towards 0.9300 zone, where the next barriers lay. Daily indicators breaking above the midlines, support the notion. Initial supports lies at 0.9160 zone, while only loss of 0.9115/00 handles, would delay immediate bulls.

Res: 0.9215; 0.9220; 0.9232; 0.9250
Sup: 0.9166; 0.9115; 0.9100; 0.9068

 

[Purple Brain]

EURUSD

The Euro/Usd trades in near-term corrective mode, off last week’s fresh low at 1.3100, where the pair found temporary support. Strong rally from 1.3100, with weekly close above 200DMA, remains capped under 1.3200 barrier for now, where the price consolidates. Positive hourly structure, with price action being underpinned by 20/55DMA’s bullish crossover, sees the upside favored. Break above 1.32 to open next layers of significant resistances at 1.3220 zone, Fibonacci 38.2% of 1.3397/1.3103 / 55DMA and 1.3250, 50% retracement, 30/08 lower platform, break of which to confirm recovery. Indicators on 4-hour chart are in the negative zone that keeps the downside at risk, however bullish MACD/RSI divergence is seen as supportive factor. Immediate support lies at 1.3160, while violation of 1.3100, would bring bears in play and signal resumption of larger downtrend from 1.3450 peak.

Res: 1.3189; 1.3200; 1.3220; 1.3250
Sup: 1.3160; 1.3136; 1.3100; 1.3080

For clarity then, you're saying buy a break above 3200, sell a break below 3100?

 

[WindsorBrokers]

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

EURUSD

The Euro regained strength after finding ground at 1.3100 zone, 50% of 1.2754/1.3450 upleg, rallying through 1.3200/20 and 1.3250 barriers. The price retraced exactly 50% of 1.3450/1.3103 descend at 1.3277, session high, with pause in rally suggested by overbought 1 and 4-hour conditions. Near-term studies are positive and favor further upside, with psychological 1.33 level and 1.3320, previous consolidation floor / Fibonacci 61.8%, are the next targets, with 1.3400, range top and 1.3450, 20/08 peak, seen on extension. Corrective dips should be ideally contained at 1.3200, psychological support / 20DMA, to keep freshly established bulls in play.

Res: 1.3279; 1.3300; 1.3320; 1.3355
Sup: 1.3250; 1.3220; 1.3200; 1.3190

GBPUSD

Cable has fully retraced 1.5716/1.5427, near-term corrective phase, as rally from 1.5427, extended gains to 1.5731 so far. Key support at 1.5751, 17/06 high, reinforced by weekly 200DMA, is in near-term focus, with break higher to confirm 1.4830/12 double-bottom and open way for further extension of bull-phase from 1.4812, 07/07 low. Overall bulls remain in play, with overbought near-term studies suggesting consolidative/corrective phase, ahead of fresh rally.

Res: 1.5731; 1.5751; 1.5809; 1.5843
Sup: 1.5684; 1.5645; 1.5615; 1.5562

USDJPY

The pair maintains positive near-term tone, as repeated rejection above 100 barrier, found footstep at 99.32, keeping the Monday’s gap intact. Fresh strength aims through 100 again, with break above 100.21, last Friday’s high, required to resume upleg from 96.80 and open 100/44/85, next targets. Near-term studies are positive and keep the upside favored, as long as the price holds above 99.32 higher platform. Conversely, loss of 99.00 would bring bears back in play.

Res: 100.09; 100.21; 100.44; 100.85
Sup: 99.46; 99.32; 99.00; 98.53

AUDUSD

The Aussie continues to trend higher and cleared strong barrier at 0.9220/32, 12/19 / 08 double-top. This confirms near-term base at 0.8846/90 and sees potential for further recovery towards pivotal 0.9300/50 resistance zone. Daily indicators are breaking into positive territory and gaining strong bullish momentum that supports the notion. However overbought near-term conditions suggest pause in current rally, in favor of corrective pullback. Previous barriers at 0.9232/20, now act as initial support, ahead of 0.9200/0.9190. Increased downside risk would be seen on a slide below 0.9100 handle, near 50% retracement of 0.8891/0.9288 rally.

Res: 0.9288; 0.9300; 0.9316; 0.9343
Sup: 0.9232; 0.9220; 0.9200; 0.9190

GOLD

Spot Gold remains under pressure, with near-term technicals maintain negative tone, as recovery attempt was capped under psychological 1400 barrier. Fresh weakness is under way, with immediate support at 1373 coming under pressure, ahead of more significant 1358/55, 06/09 low / trendline resistance, below which to open key support and breakpoint at 1350 zone. Alternative scenario requires break above 1400 and regain of 1416 lower top, to avert immediate downside risk.

Res: 1381; 1394; 1400; 1410
Sup: 1373; 1358; 1353; 1350

 

[WindsorBrokers]

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

EURUSD

The Euro cracked psychological 1.33 resistance on Wednesday’s rally through 1.3280, two-day consolidation top. Fresh gains reached 1.3323 so far, over 61.8% retracement of 1.3450/1.3103 downleg, with positive near-term studies being supportive for further advance. Clearance of 1.33 barrier would open way for final push towards key levels at 1.3414/50, 19/06 and 20/08 highs, also five-month cycle peaks. From the other side, daily studies are still weak and keep the risk of possible stall in play. Near-term bulls may be delayed, as 4-hour studies are overbought, with corrective easing expected to face immediate support at 1.3280, previous range top / daily 20DMA, ahead of more significant 1.3240/30 higher platform that should contain dips.

Res: 1.3323; 1.3355; 1.3400; 1.3414
Sup: 1.3280; 1.3253; 1.3230; 1.3220

GBPUSD

Near-term bulls remain unobstructed, as the pair rallies higher and broke above psychological 1.58 barrier, after clearing key short-term resistance at 1.5751. Fresh bull phase above 1.5751, attempts at initial target at 1.5843, 08/02 high, ahead of 1.5877; 01/02 high and psychological 1.5900 barrier. Studies remain positive on all timeframes and keep the upside favored, however, corrective pullback on overbought conditions is likely to precede fresh rallies. Immediate support lies at 1.5800, with previous peak at 1.5751, seen next and 1.5700 zone expected to contain.

Res: 1.5831; 1.5843; 1.5877; 1.5900
Sup: 1.5800; 1.5751; 1.5717; 1.5700

USDJPY

The pair came under increased pressure, after pullback from fresh high at 100.60, accelerated lower and broke below important 99.32 support and weekly low. With hourly studies being negative and 4-hour indicators approaching their midlines, immediate risk is seen on violation of 99.00 support that will fill Monday’s gap and open way for further easing towards 98.00, 50% retracement of 96.80/100.60 upleg and 98.53, 06/09 spike low, loss of which to confirm near-term top at 100.60. Conversely, reversal above 99.00, would keep near-term bulls in play, as positive daily studies support such scenario.


Res: 99.60; 100.00; 100.36; 100.44
Sup: 99.18; 99.00; 98.70; 98.53

AUDUSD

The Aussie’s near-term bulls extended higher to briefly test the upper boundary of pivotal 0.9300/50 resistance zone. Subsequent sharp pullback weakened hourly structure, as the price dipped about 100 pips, but could be still seen as corrective, as 4-hour structure is positive. However, reversing 4-hour indicators suggest that further easing cannot be ruled out, with strong 0.9232/20 and 0.9200 support area, coming in sight. Ideally, dips should be contained here, to keep overall near-term positive structure intact, as fresh strength above 0.9350 is required to signal reversal.


Res: 0.9275; 0.9300; 0.9316; 0.9353
Sup: 0.9232; 0.9220; 0.9200; 0.9170

 

[WindsorBrokers]

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

EURUSD

The Euro hit fresh three-week high vs the dollar at 1.3380, as risk-on mode accelerates and the pair started the week with 60-pips gap-higher opening. The price trades in a narrow consolidative range, ahead of the next target and lower platform at 1.3400, break of which to open key barrier at 1.3450, 20/08 peak. Near-term technicals are positive and favor further upside, however, further consolidation cannot be ruled out, as studies approach overbought territory. Immediate support lies at 1.3350, session low, ahead of 1.3300, Fibonacci 61.8% of 1.3252.1.3380 upleg, below which to signal stronger pullback towards key support at 1.3240, previous consolidation floor / 50% retracement of larger 1.3103/1.3380 ascend.


Res: 1.3380; 1.3400; 1.3414; 1.3450
Sup: 1.3350; 1.3320; 1.3300; 1.3274

GBPUSD

Cable remains well supported and continues to rally higher, with gap-higher opening today, surging through initial 1.59 barrier. The pair looks for test of psychological 1.6000 barrier and 1.6010, Fibonacci 76.4% of 1.6380/1.4812 descend. Break above short-term congestion and formation of double-bottom at the larger picture, sees scope for extension towards key med-term resistance at 1.6380, 2012 high, in the short-term. Positive near-term studies support the notion, however, bulls may be delayed, as hourly and 4-hour studies are overbought. Immediate supports lay at 1.5930, session low and 1.5900, while filling the gap on a slide below 1.5870, would signal deeper pullback.


Res: 1.5955; 1.6000; 1.6010; 1.6050
Sup: 1.5930; 1.5900; 1.5870, 1.5835

USDJPY

The pair came under increased pressure after losing 99.00 handle, as overnight’s gap-lower opening triggered further weakness. Reversal off 100.60 peak retraced over 50% of 96.80/100.60 upleg on a dip to 98.44, session low, with near-term bears being fully in play and seeing scope for further easing towards 98.25, Fibonacci 61.8% and 98.00, round figure support. Completion of 4-hour H&S pattern supports the notion, with psychological 100 barrier being on hold for now, despite positively aligned daily studies.

Res: 99.09; 99.29; 99.76; 100.00
Sup: 98.44; 98.25; 98.00; 97.70

AUDUSD

The Aussie found ground at 0.9220 zone, where the higher base has been formed, with fresh strength and gap-higher opening, pushing the price to the new highs near psychological 0.9400 barrier. Resumption of larger recovery from 0.8846/90 base and clear break above important 0.9300/50 resistance zone, signals stronger corrective action of med-term 1.0581/0.8846 descend. Near-term studies maintain positive tone, with larger picture bulls being in play, as the price emerges above of daily Ichimoku cloud. Initial supports lay at 0.9317, session low and 0.9300, round figure, ahead of 0.9280. Only loss of 0.9220 platform would delay immediate bulls.

Res: 0.9392; 0.9430; 0.9470; 0.9500
Sup: 0.9317; 0.9300; 0.9280; 0.9265

 

[WindsorBrokers]

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

EURUSD

The Euro continues to trade sideways, awaiting Fed’s decision and holding within 1.3324/84 consolidative range. The downside is protected by hourly Ichimoku cloud and ascending 55DMA, with positively aligned near-term studies, keeping near-term bulls in play. Final push through 1.3384 peak to open 1.3400 lower platform and key 1.3450 hurdle. Alternatively, violation of the range floor, also previous high and 50% retracement of 1.3252/1.3384, would be seen as initial signal of corrective phase and expose 1.3300, Fibonacci 61.8% and strong 1.3240 higher platform and 50% of larger 1.3103/1.3384 ascend.

Res: 1.3368; 1.3384; 1.3400; 1.3450
Sup: 1.3345; 1.3324; 1.3300; 1.3283

GBPUSD

Cable remains trades in near-term sideways mode, after pullback from 1.5961 high, found footstep at 1.5883, Fibonacci 38.2% of 1.5775/1.5961 upleg, with support being reinforced by 55DMA. Neutral tone prevails on hourly chart studies, while 4-hour indicators are descending from overbought territory that keeps risk of further reversal in play. Loss of 1.5883, would look for next supports at 1.5868/46, 50% and 61.8% retracement levels, with increased downside risk to be triggered in case 1.5800 and 1.5775 supports give way. Conversely, lift above near-term consolidation top at 1.5935, would open 1.5961 and focus psychological 1.6000. Overextended daily studies, however, see risk of stall ahead of 1.6000 hurdle.

Res: 1.5935; 1.5961; 1.6000; 1.6010
Sup: 1.5887; 1.5868, 1.5838; 1.5819

USDJPY

The pair holds neutral tone on hourly chart, as bounce from 98.44 low stays capped at 99.35, Tuesday’s high. with 99.00, now acting as immediate support. From the other side 4-hour studies are negative, with price action being capped by 55DMA that keeps the downside at risk. Failure to regain of 99.96, 13/09 lower top, would risk lower top formation and further weakness, with break below 98.44, to open way for further retracement of 96.80/100.60 ascend.

Res: 99.35; 99.52; 99.77; 99.96
Sup: 99.00; 98.63; 98.44; 98.25

AUDUSD

The Aussie maintains positive near-term tone, as the price holds in the upper part of 0.9392/0.9284 consolidation range, with studies on the lower timeframes being positively aligned. Resumption of larger uptrend from 0.8891 requires lift above 0.9400, with important resistance zone at 0.9300/50 and short-term congestion top, already being cracked on extension to 0.9392. Immediate support lies at 0.9335, while extension below 0.9284 higher low, would increase downside risk and signal possible false break above 0.9350.

Res: 0.9366; 0.9392; 0.9400; 0.9430
Sup: 0.9335; 0.9284; 0.9265; 0.9232

 

[WindsorBrokers]

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

EURUSD

The Euro trades in extended consolidative phase under last week’s fresh high at 1.3567. Near-term price action moves in a sideways mode and being entrenched within 1.3500/50 range. Psychological 1.35 support, reinforced by ascending hourly 55DMA, keeps the downside protected for now, with hourly studies holding neutral tone. From the other side, extended 4-hour studies see risk of further consolidation, with double-Doji supporting such scenario. However, deeper pullback cannot be ruled out, as daily RSI is entering overbought territory. Immediate support lies at 1.3500, ahead of 1.3450, previous top and 50% retracement of 1.3337/1.3567 upleg. Increased downside risk would be seen in case of violation of 1.3400, Fibonacci 38.2% of 1.3103/1.3567 and 1.3340, higher platform and 50% retracement. Targets at 1.3600 and key 1.3710 peak, seen in extension, remain in near-term focus.

Res: 1.3567; 1.3600; 1.3658; 1.3710
Sup: 1.3500; 1.3479; 1.3450; 1.3425

GBPUSD

Cable’s corrective pullback from 1.6161, 18/09 fresh high, has stabilized at psychological / Fibonacci 61.8% of 1.5890/1.6161 ascend support, with near-term basing attempt being under way. Hourly studies are weak and require break above lower top at 1.6065 to confirm recovery, as 4-hour structure remains positive and keeps the upside favored. However, overbought daily studies require caution, as possible extension below 1.5900/1.5880 higher platform, would risk deeper pullback and open next target at 1.5800. Conversely, clearance of 1.6065 and regain of 1.6100 barrier, would shift near-term focus towards 1.6161 and signal possible resumption of larger uptrend towards 1.6200, next upside target.

Res: 1.6065; 1.6100; 1.6140; 1.6161
Sup: 1.6000; 1.5985; 1.5954; 1.5890

USDJPY

The near-term structure weakens after the pair failed to regain psychological 100 barrier on a strong bounce off 97.75. Pullback from 99.65, where the rally stalled, cracked 99.00 handle, also 38.2% of 97.75/99.65 upleg that increases downside risk, as 4-hour indicators are breaking in the negative territory. Further easing would look for test of 98.70/98.48, Fibonacci 50% / 61.8% of 97.75/99.65, and 98.22, trendline support, also the neckline of H&S pattern that is forming on a daily chart. Conversely, lift above 99.65 is required to neutralize.

Res: 99.16; 99.65; 99.96; 100.21
Sup: 98.70; 98.44; 98.22; 98.00

AUDUSD
The Aussie trades in near-term corrective mode, with price action coming under increased pressure, after extension of pullback from 0.9526 peak, dipped to 0.9365 so far. Hourly studies are still weak, however, quick recovery above 0.9400 handle, keeps the positive tone on the larger timeframes in play. Clearance of lower platform at 0.9455, is seen as minimum requirement to avert downside risk and shift focus towards 0.9500 and 0.9526 barriers. Otherwise, loss of 0.9365, session low and higher platform at 0.9340, would keep the downside vulnerable and risk stronger correction. Strong supports lay at 0.9283, Fibonacci 38.2% of 0.8891/0.9526 and 9222/00, higher platform / 50% retracement.

Res: 0.9455; 0.9483; 0.9500; 0.9526
Sup: 0.9365; 0.9340; 0.9300; 0.9283

 

[WindsorBrokers]

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

EURUSD

Hourly structure weakened, as the price broke below initial 1.35 support. Fibonacci 38.2% of 1.3337/1.3567 upleg at 1.3480 was tested so far, with further corrective easing not ruled out. However, positive 4-hour studies see scope for shallow correction, before bulls re-assert for fresh attempt higher, as overall positive sentiment keeps near-term focus at the upper targets at 1.3567 and 1.3600 in extension, with key barrier at 1.3710, coming in sight. Strong supports lay at 1.3450, previous top and 1.34 zone, double Fibonacci support, 76.4% of 1.3337/1.3567 / 38.2% of 1.3103/1.3567 and should contain stronger pullback.

Res: 1.3547; 1.3567; 1.3600; 1.3658
Sup: 1.3479; 1.3450; 1.3425; 1.3400

GBPUSD

Cable remains in extended consolidative phase above 1.6000, where the pullback from 1.6161 peak found temporary support. Hourly studies are neutral, while overall positive tone on the larger timeframes favors further upside. Break above initial barrier and near-term consolidation top at 1.6070, is required to confirm rebound and open 1.6100 and 1.6161 barriers for retest. Short-term targets at 1.6300 and 1.6380 remain in focus. The scenario would be delayed in case of further easing below 1.6000, while extension below 1.5900 and 1.5880, higher platform / Fibonacci 38.2% of 1.5427/1.6161, would sideline bulls.

Res: 1.6070; 1.6100; 1.6140; 1.6161
Sup: 1.6000; 1.5985; 1.5954; 1.5890

USDJPY

The pair consolidates pullback from 99.65, after finding temporary support at 98.65, near 50% retracement of 97.75/99.65 upleg. However, negative tone persists on the lower timeframes studies and keeps the downside at risk, with immediate supports at 98.48, Fibonacci 61.8% and 98.20 trendline support and psychological 98.00 level, loss of which would expose key near-term support at 97.75, 18/09 low. Only break above 99.65 would bring bulls fully in play and open 100 and 100.60 instead.

Res: 99.16; 99.65; 99.96; 100.21
Sup: 98.65; 98.44; 98.22; 98.00

AUDUSD

The Aussie remains in a sideways consolidative mode, after pullback from 0.9526 high found ground at 0.9365, weekly low. Neutral tone prevails on hourly chart studies, while 4-hour structure remains bullish, with price action being underpinned by ascending 55DMA at 0.9355. Upside extension above consolidation tops at 0.9455 is required to confirm near-term base and shift focus higher, while further easing below 0.9365 would risk further corrective action that should be ideally contained at 0.9300/0.9280, to keep bulls in play.

Res: 0.9455; 0.9483; 0.9500; 0.9526
Sup: 0.9393; 0.9365; 0.9340; 0.9300