EUR/USD
Keeps near-term positive tone off1.3361, fresh 8-month low, posted yesterday. Fresh gains from 1.3478, overnight’s higher low, are currently testing 1.3565, main near-term barrier, above which opens 1.3579/85, Fib 50% of 1.3796/1.3361 downleg / 19 Sep low and psychological 1.3600. Near-term studies above their midlines remain supportive. On the downside, 20 day MA at 1.3500 underpins, while initial support lies at 1.3478.
Res: 1.3568, 1.3579, 1.3585, 1.3600
Sup: 1.3512, 1.3478, 1.3425, 1.3414
GBP/USD
Extends recovery from 1.5326, 22 Sep low, breaking through 1.5585, Fib 61.8% of 1.5746/1.5326 descend, to test levels just under key barrier at 1.5600. Sustained break here is required to spark stronger recovery, with immediate targets at 1.5630/90 coming in sight. Initial support lies at 1.5530, ahead of key 1.5500 support zone, that is expected to contain dips and keep near-term bulls intact.
Res: 1.5600, 1.5630, 1.5655, 1.5690
Sup: 1.5530, 1.5500, 1.5431, 1.5422
USD/JPY
The pair continues to trade in a narrow range directionless mode, however the downside pressure exists as key 77.00 barrier remains intact. On the downside, 76.10, previous low, offers initial support, ahead key levels at 76.00/75.93, below which would be very bearish. Hourly studies are flat, hovering near their midlines.
Res: 76.54, 76.75, 76.96, 77.27
Sup: 76.25, 76.10, 76.00, 75.93
USD/CHF
Remains in a corrective/consolidative mode after hitting fresh high at 0.9180. After a fresh upside attempt failed at 0.9141 yesterday, immediate tone weakens, with key 0.9000 support coming under pressure. Break here would signal a near-term top, ahead of stronger correction, with 0.8926/00 coming next. Holding above 0.9000, however, keeps positive outlook for fresh attack at 0.9141/80 barriers.
Res: 0.9082, 0.9100, 0.9141, 0.9180
Sup: 0.9004, 0.8994, 0.8965, 0.8926
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27-09-2011, 08:39 AM #1
Short Term Technical Analysis for Majors (07:00 GMT)
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10-06-2023, 08:52 AM #2
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Eurotrader, a regulated ECN trading broker, offers traders a nice demo trading platform and a good education program to educate their traders. The environment they offer is suitable for trading. The broker also offers handsome amount of welcome bonus to traders.
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14-06-2023, 04:58 AM #3
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The ability to analyze has a very crucial influence on our success in forex trading. That's why it is important to develop the ability to analyze, so that we can accurately analyze the market and benefit from it with Tickmill broker.
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23-06-2023, 02:53 AM #4
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A big forex business will be a risk and also a big profit too, so we must always continue to improve where the capabilities are to be able to make it easier for us to trade on a real account later
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26-06-2023, 04:48 AM #5
Forex trading is indeed a highly risky business, but the potential rewards are equally significant. That's why it is crucial to carefully manage funds and risks. This is done to enable traders to execute trades optimally and benefit from Tickmill.
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23-08-2023, 04:03 AM #6
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Currently, I am personally delving into both fundamental and technical analysis. These two aspects hold significant importance. By mastering both of them accurately, traders can be better equipped to achieve profits in forex trading with the assistance of Tickmill broker.
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