EUR/USD
Near-term price action sees narrowing the range after yesterday’s pullback from 1.4433, day’s high, was contained at 1.4350, yesterday’s low. Immediate upside barrier lies at 1.4400, bear trendline off 1.4516, with break here to open way for fresh strength and test of 1.4433/51 resistances. Failure to clear 1.4400 barrier would risk fresh weakness and break below 1.4365/50 supports to turn near-term tone negative for possible retest of 1.4258, key near-term support.
Res: 1.4400, 1.4433, 1.4451, 1.4500
Sup: 1.4365, 1.4350, 1.4309, 1.4294
GBP/USD
Remains in a consolidative mode after gains from 1.6110 peaked at 1.6617 last Friday and subsequent corrective pullback found support at 1.6420. Wider picture remains positive while 1.6420 holds the downside, with renewed strength currently attempting at 1.6520, yesterday’s high, break of which is needed to resume for possible retest of 1.6617. On the downside, loss of 1.6420 would delay bulls in favor of stronger correction towards 1.6363/50, Fib 50% / 17 Aug low.
Res: 1.6553, 1.6589, 1.6617, 1.6700
Sup: 1.6469, 1.6446, 1.6434, 1.6420
USD/JPY
Maintains short-term negative tone after strong post-intervention rally that regained levels above 80.00, stalled and immediate reversal erased gains and returned to 76.30, record low zone. Subsequent narrow range consolidation has preceded last Friday’s spike below 76.00 that posted fresh record low at 75.93, and subsequent upside failure at 77.20, confirms negative structure. Immediate support lies at 76.55, while only break above 77.20 would improve near-term outlook.
Res: 76.92, 77.20, 77.84, 78.00
Sup: 76.65, 76.55, 76.45, 76.30
USD/CHF
Trades in a narrow range sideways mode after recovery from 0.7067, 09 Aug fresh historical low, reached 0.8000 zone. Range floor at 0.7800 needs to stay intact to maintain short-term positive structure, with regain of 0.8013, previous high, required to signal stronger recovery and expose bear trendline off 0.9770, at 0.8075. Four hour chart 55 day MA, currently at 0.7770, underpins.
Res: 0.7909, 0.7958, 0.7987, 0.8013
Sup: 0.7868, 0.7852, 0.7838, 0.7805
Please visit our sponsors
Results 1 to 1 of 1
-
23-08-2011, 08:39 AM #1
Short Term Technical Analysis for Majors (07:30 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.