EUR/USD
Trades in a near-term corrective mode after posting fresh yearly high at 1.4880, testing currently 1.4785/65 support, 38.2% Fibonacci retracement of 1.4630/1.4880 / today’s low, where a higher low is anticipated for fresh attempt higher, as near-term studies remain positive, with bulls supported by 20 day MA, currently at 1.4680, and 1.4630 higher low. Break above 1.4880 to open 1.4900/1.5000 next.
Res: 1.4815, 1.4864, 1.4880, 1.4900
Sup: 1.4765, 1.4712, 1.4680, 1.4630
GBP/USD
Extended rally from yesterday’s higher platform at 1.6430, breaking through 1.6600/1.6700 barriers, to reach Sep 2009 high and fresh annual high at 1.6745. Further gains are looking for break through 1.6800 for possible test of 1.6877, Nov 2009 high. Correction on overbought hourly studies is seen preceding fresh move higher, with 1.6620/00 zone offering strong support.
Res: 1.6676, 1.6727, 1.6745, 1.6800
Sup: 1.6633, 1.6620, 1.6600, 1.6580
USD/JPY
Strong bounce from yesterday’s fresh one-month low cleared initial resistance at 82.40, but stalled at 82.80, just ahead of key near-term barrier at 83.09, ahead of sharp reversal under 82.00. Bearish near-term outlook favors downside test of 81.26, with break lower to expose 80.69, 23 Mar low and possibly 80.00, psychological support. Hourly 20 day MA, currently at 82.09 and today’s high at 82.26, caps for now, while only break above 82.80 improves the near-term picture.
Res: 81.81, 82.09, 82.26, 82.40
Sup: 81.26, 81.00, 80.69, 80.00
USD/CHF
Recovery attempt from 0.8669, fresh all-time low, has run out of steam at 0.8832, ahead of key barriers at 0.8850/75, with subsequent fall under 0.8700, testing 0.8688, just ahead of 0.8669 low. Fresh attempt higher has so far tested initial resistance at 0.8755, with clear break here needed to signal near-term higher low at 0.8688 and open way 0.8832 barrier. Failure to clear 0.8755, however, would re-focus 0.8688/69 and resume broader downtrend.
Res: 0.8758, 0.8790, 0.8817, 0.8832
Sup : 0.8720, 0.8688, 0.8669, 0.8650
Please visit our sponsors
Results 1 to 1 of 1
-
28-04-2011, 03:18 PM #1
Short Term Technical Analysis for Majors (13:30 GMT)
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.