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  1. #1
    Senior Investor WindsorBrokers's Avatar
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    Default Short Term Technical Analysis for Majors (14:00 GMT)

    EUR/USD

    Near-term recovery off today’s fresh 8-month low at 1.3361 regained initial 1.3500 barrier, but gains stalled on approach to strong resistance zone at 1.3550/65. Four-hour 20 day MA maintains negative tone, with break below 1.3400 required to confirm and open 1.3361 initially. Below here to focus 1.3243, 17 Jan low, ahead of Fib 61.8% of 1.1875/1.4935 ascend at 1.3044. Only clear break above 1.3565 would signal near-term basing attempt and allow for stronger correction.

    Res: 1.3500, 1.3541, 1.3550, 1.3565
    Sup: 1.3441, 1.3400, 1.3361, 1.3300




    GBP/USD

    Trades in a corrective mode off 1.5326, 22 Sep low, with the latest push from today’s low at 1.5430, exceeding the initial 1.5500 barrier and extending gains to 1.5550, Fib 61.8% of 1.5689/1.5326 decline. Near-term studies are supportive, however, overbought hourly conditions may trigger correction before fresh rally. On the upside, 1.5575/1.5600 comes next, ahead of strong barrier at 1.5630.

    Res: 1.5553, 1.5575, 1.5590, 1.5600
    Sup: 1.5500, 1.5431, 1.5422, 1.5400




    USD/JPY

    Maintains near-term negative tone, as repeated attempt at key 77.00 barrier failed again and subsequent reversal returned to 76.30 zone. On the downside, 76.10, previous low, continue to limit losses, however, risk of break below key support zone at 76.00/75.93 for fresh bear phase persists, with hourly 20 day MA at 76.45, maintaining near-term bears.

    Res: 76.51, 76.75, 76.96, 77.27
    Sup: 76.21, 76.10, 76.00, 75.93





    USD/CHF

    Remains in a corrective/consolidative mode after hitting fresh high at 0.9180. After an upside attempt failed at 0.9141, en-route to 0.9180, immediate dip retested an initial support at 0.9000. While holding above here, short-term bulls remain intact for fresh attack at 0.9180, above which opens 0.9200 and turns focus at 0.9338. Only loss of 0.9000 handle would delay in favor of stronger correction, with 0.8926 seen on a break.

    Res: 0.9092, 0.9141, 0.9180, 0.9200
    Sup: 0.9004, 0.8994, 0.8965, 0.8926

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  3. #2
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    Several brokers charge big amount of spread through trading pairs but don’t go for trading these pairs. Eurotrader offers all trading pairs including cryptocurrencies with narrow trading spread.

  4. #3
    Senior Investor Uncle Gober's Avatar
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    Absolutely, a broker serves as a bridge for traders to engage in forex trading. That's why it's essential to carefully consider when choosing a broker so that traders can experience comfort and security in conducting their trading activities with Tickmill as their broker.

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