EUR/USD
Yesterday’s rally through strong resistance zone at 1.3565/1.3600 extended to 1.3667, where gains were capped by bear-trendline drawn off 1.3935, 15 Sep high. Temporary support was found at 1.3540, after losing initial support at 1.3565, previous resistance, ahead of 20 day MA at 1.3510 and key near-term support at 1.3480, above which keeps near-term bulls in play for fresh attempt at 1.3640/67 barriers. However, wider picture sees the latest bounce from 1.3361 corrective, with lower top under 1.3796 required to maintain broader bearish tone.
Res: 1.3600, 1.3640, 13667, 1.3700
Sup: 1.3540, 1.3500, 1.3478, 1.3425
GBP/USD
Yesterday’s strong rally from 1.5525 higher low has regained initial barrier at 1.5689 to mark full retracement of 1.5689/1.5326 downleg, with brief break above important 1.5700 handle to signal further recovery. Corrective pullback has so far been contained above initial support at 1.5600 and bull trendline at 1.5585 and while the latter remains intact immediate scope is seen for fresh attempt higher. Clearance of 1.5700 to focus 1.5746, 20 Sep high, ahead of 1.5800 zone, which also marks Fib 38.2% of the broader 1.6617/1.5326 descend.
Res: 1.5684, 1.5704, 1.5746, 1.5780
Sup: 1.5614, 1.5600, 1.5525, 1.5500
USD/JPY
The pair returns to its directionless range trade, after yesterday’s another unsuccessful attempt at key barrier at 77.00 stalled at 76.94. Subsequent pullback into 76.50 zone confirms the downside pressure.. On the downside, initial support lies at 76.10, ahead of key supports at 76.00/75.93, below which would be very bearish.
Res: 76.61, 76.92, 77.00, 77.27
Sup: 76.25, 76.10, 76.00, 75.93
USD/CHF
Remains in a near-term downtrend after pullback from 0.9180 high lost initial strong support at 0.9000, with fresh extension lower ended testing the next level at 0.8926, previous high, posted on 12 Sep. Overextended daily studies keep pressure at the pair, with retest of 200 day MA, currently at 0.8800, before fresh push higher, as broader picture’s uptrend remains intact while above 0.8800.
Res: 0.9000, 0.9056, 0.9082, 0.9100
Sup: 0.8923, 0.8900, 0.8884, 0.8800
Please visit our sponsors
Results 1 to 1 of 1
-
28-09-2011, 08:30 AM #1
Short Term Technical Analysis for Majors (07:00 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.