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 Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)

    EURUSD

    The Euro returns to 1.25 zone, previous highs, reinforced by descending daily 10SMA, where yesterday’s rally stalled on repeated attempt higher. Sustained break and close above here is needed to confirm bulls, which are establishing on 4-hour chart, for further recovery towards next pivotal barriers at 1.2532 and 1.2576. Daily RSI/MACD bullish divergence supports the notion. Conversely, extended congestion could be expected on repeated rejection at 1.25 resistance, with 1.24 zone marking the downside breakpoint, loss of which will be bearish.

    Res: 1.2500; 1.2532; 1.2565; 1.2576
    Sup: 1.2452; 1.2438; 1.2411; 1.2393






    GBPUSD

    Cable is gaining strength after eventual break above 1.59 handle followed yesterday’s rally from 1.5833 trough and so far reached 1.5940, Fibonacci 38.2% of 1.6180/1.5788 descend. Bullish hourly and bulls entering play on 4-hour chart, support further upside, which was signaled by yesterday’s bullish Outside Day. Also, Daily RSI/MACD bullish divergence supports further gains. Psychological 1.60 level, reinforced by daily 20SMA, offers next significant resistance, on the way to the breakpoint at 1.6020 zone, lower platform Fibonacci 61.8% retracement. Only loss of 1.5833, hourly higher base, would neutralize bulls.

    Res: 1.5953; 1.6000; 1.6020; 1.6085
    Sup: 1.5900; 1.5875; 1.5833; 1.5800






    USDJPY

    The pair consolidates fresh gains which took out previous peaks at 115.50 zone and probed above psychological 116 barrier. Pullback was so far contained at 115 zone, also mid- point of 113.84/116.09 upleg, with further easing allowed to 114.70, Fibonacci 61.8%, before fresh attempt higher. Overall bullish structure favors further upside, with near-term targets laying at 117.95, Oct 2007 high and 120.12, Fibonacci 61.8% of long-term 147.68/75.55 descend. Only loss of pivotal 114 support would put bulls on hold.


    Res: 116.00; 116.21; 116.62; 117.00
    Sup: 115.00; 114.62; 114.25; 113.84








    AUDUSD

    The pair resumes recovery off 0.8539 low after eventually taking out strong 0.8680 barrier and extending above psychological 0.87 level. Fresh bulls off 0.8589 higher low, approach 50% retracement of 0.8909/0.8539 descend and are looking for test of pivotal 0.8760 lower platform and Fibonacci 61.8% retracement, above which to confirm near-term bottom. Yesterday’s bullish Outside Day, as well as daily MACD bullish divergence, support the notion. Initial supports lay at 0.8680/65, with stronger pullback required to hold above 0.86 handle, to keep bulls in play.

    Res: 0.8717; 0.8760; 0.8800; 0.8850
    Sup: 0.8680; 0.8665; 0.8650; 0.8607


    Provided By: www.windsorbrokers.com

    Follow us on Facebook & Twitter

  2. Sponsored Links
  3. #2
    Member
    Join Date
    Jul 2013
    Posts
    91
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    EURJPY has been trading high but there are chances of a pullback in the near future.

  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 |