EUR/USD
Has ended recovery from 1.4314, Friday’s low, as gains stalled at 1.4438, just below initial resistance at 1.4450. Fresh weakness has fully retraced 1.4313/1.4438 correction upleg, losing 1.4300 handle to open 1.4250/1.4200, ahead of possible retest of 1.4156, 18 Apr higher low and key short-term support. On the upside, hourly 20 day MA maintains bears, while 1.4400/38 zone caps.
Res: 1.4340, 1.4366, 1.4405, 1.4438
Sup: 1.4270, 1.4250, 1.4225, 1.4200
GBP/USD
Extends weakness after correction from 1.6341, today’s previous low, was limited at 1.6400 zone, with fresh slide towards 1.6300 support completing hourly head and shoulders pattern, after breaking below neckline at 1.6350 zone. This signal further weakness, currently approaching Fib 76.4% at 1.6300, with break here to open way towards 1.6260/30. Initial resistance lies at 1.6380/1.6400 zone.
Res: 1.6382, 1.6400, 1.6430, 1.6451
Sup: 1.6300, 1.6266, 1.6260, 1.6200
USD/JPY
Undergoes near-term sideways trading after recovery phase from 79.55 low found resistance just under 81.00 barrier, also near Fib 38.2% of 0.8280/79.55 decline. Break here is needed to resume correction towards 81.20/70 next, before bears re-assert, as wider picture outlook remains negative.
Res: 80.83, 80.93, 81.00, 81.20
Sup: 80.50, 80.20, 80.00, 79.55
USD/CHF
Remains in a near-term recovery mode from fresh historical low at 0.8550, with break above bear channel resistance at 0.8680, extending gains to 0.8800 zone so far. Near-term studies remain supportive after corrective pullback found support at 0.8730. Clearance of 0.8800 is sought for fresh leg higher, with 0.8832, previous high and Fib 38.2% seen first, ahead of 0.8850/70 zone. 20 day MA on 4-hour chart maintains near-term bulls.
Res: 0.8795, 0.8830, 0.8850, 0.8870
Sup : 0.8730, 0.8700, 0.8675, 0.8634
Please visit our sponsors
Results 1 to 1 of 1
-
09-05-2011, 03:30 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.