Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 2 of 2
  1. #1
    Senior Investor WindsorBrokers's Avatar
    Join Date
    Mar 2010
    Posts
    1,048
    Feedback Score
    0
    Thanks
    0
    Thanked 1 Time in 1 Post

    Default Short Term Technical Analysis for Majors (07:30 GMT)

    EUR/USD

    Extends the short-term downtrend from 1.4548, 29 Aug high, after break below channel support and loss of 1.4200 handle, opening way for test of 1.4100, 11 Aug low, ahead of key short-term support at 1.4056, 05 Aug low. Short-term studies remain bearish and favor further weakness, with break under 1.4056 to signal fresh leg lower and expose 1.4000 zone where daily 200 day MA currently lies. On the upside, 1.4170/1.4200 zone offers initial resistance, while only regain of 1.4258/86 improves.

    Res: 1.4135, 1.4169, 1.4182, 1.4200
    Sup: 1.4100, 1.4056, 1.4013, 1.4000




    GBP/USD

    Maintains short-term negative tone after hitting fresh low at 1.6131 on 01 Sep and subsequent recovery attempt being capped by 20 day MA at 1.6250. Fresh weakness is looking for retest of 1.6131, below which to open way for full retracement of 1.6110/1.6617 upleg and break below key short-term support at 1.6110, also near Fib 61.8% of 1.5779/1.6617 ascend, to signal fresh bear phase, with 1.6000 to come in focus. Initial resistances lie at 1.6184/1.6200.

    Res: 1.6184, 1.6207, 1.6251, 1.626
    Sup: 1.6131, 1.6110, 1.6050, 1.6050




    USD/JPY

    Returns back to levels under 77.00 mark and broader range trade, after fresh strength from 76.40, range floor, cleared 77.00 barrier, but gains stalled at 77.25. Clearance of 76.40/77.25 range barriers is required to define direction.

    Res: 76.95, 77.00, 77.25, 77.68
    Sup: 76.68, 76.51, 76.41, 76.30





    USD/CHF

    Bounces higher after pullback from 0.8239, 29 Aug low, dipped to 0.7710 last Friday, retracing between 38.2% and 50% of 0.7067/0.8239 upleg. Temporary support was found at 0.7710, with 0.7911 seen so far. Upside break above 20 day MA, currently at 0.7962, is required to signal further recovery and open 0.8000 zone for test. On the downside, loss of 0.7710 would signal a return to near-term weakness and open 0.7655, Fib 50% next.

    Res :0.7911, 0.7924, 0.7958, 0.7993
    Sup: 0.7837, 0.7802, 0.7756, 0.7710

    Provided By: www.windsorbrokers.com

    Follow us on Facebook & Twitter

  2. Sponsored Links
  3. #2
    Senior Member
    Join Date
    Nov 2008
    Posts
    221
    Feedback Score
    0
    Thanks
    3
    Thanked 2 Times in 2 Posts

    Default

    GBP/USD maintaining short-term negative tone. hmmm.










  4. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |