Forex Forum to Share, Discuss, Communicate and Trade Forex

Short Term Technical Analysis for Majors (07:00 GMT)

Fore Technical analysis from WindsorBrokers

Short Term Technical Analysis for Majors (07:00 GMT)

Postby WindsorBrokers » Tue May 10, 2011 7:38 am


Remains under pressure, with loss of Friday’s low at 1.4314, to test 1.4250 support. Recovery attempt have so far been capped at 1.4375, as near-term studies favor further weakness and below 1.4250 to open 1.4200/1.4156. Hourly 20 day MA maintain near-term bears, with lift above to focus 1.4375 barrier.

Res: 1.4375, 1.4405, 1.4440, 1.4455
Sup: 1.4270, 1.4250, 1.4225, 1.4200



Trades in a near-term recovery mode after extending weakness to 1.6269, fresh 3-week low. 4-hour 20 day MA currently limiting the upside, as gains failed to sustain gains above 1.6400. Hourly studies still keep some positive tone, with upside break above 1.6415/30 required to signal stronger recovery and open 1.6462 next. On the downside, 1.6360/40 zone offers immediate support, loss of which will return to weakness and re-open 1.6269, possibly 1.6250/30 on a break.

Res: 1.6400, 1.6415, 1.6430, 1.6462
Sup: 1.6360, 1.6340, 1.6300, 1.6269



Maintains near-term positive tone, after bounce from 79.55 tested 81.00 zone, with subsequent pullback being contained at 80.15. Fresh gains are under way, breaking above 20 day MA and looking for retest of 81.00 zone, break of which is needed to resume recovery and open 81.20 and 81.68 on a break. On the downside, 80.15 underpins the advance.

Res: 80.75, 80.83, 80.93, 81.20
Sup: 80.45, 80.34, 80.15, 80.00



Reversal from yesterday’s fresh recovery high at 0.8800 zone, left a higher low at 0.8706, ahead of renewed strength, currently breaking through 0.8800. Near-term studies are supportive, with sustained break above 0.8800 to open 0.8830/70 zone next. Hourly RSI, however, is entering oversold zone, with mild correction expected to precede fresh gains. Initial support at 0.8730 needs to hold dips, to maintain positive tone.

Res: 0.8830, 0.8850, 0.8870, 0.8900
Sup : 0.8749, 0.8730, 0.8706, 0.8675

User avatar
Senior Member
Posts: 504
Joined: Wed Jan 12, 2011 1:42 pm

Return to WindsorBroker Daily Fx Analysis


Who is online on Forum

Registered users: Alexa [Bot], Amelia Elizabeth, Bing [Bot], Ekaterina Fechina, GDMFX, Google Adsense [Bot], HFblogNews, John Harry, Majestic-12 [Bot], Profiforex-Victory, TifiaFX,, Yahoo [Bot]