Forex Forum to Share, Discuss, Communicate and Trade Forex

Short Term Technical Analysis for Majors (14:00 GMT)

Fore Technical analysis from WindsorBrokers
Image

Short Term Technical Analysis for Majors (14:00 GMT)

Postby WindsorBrokers » Wed Jun 29, 2011 2:40 pm

EUR/USD

Is loosing traction after initial gains through 1.4400 barrier slightly exceeded 1.4440, strong resistance, but failed to hold. Subsequent strong pullback dipped to 1.4327, just above strong support at 1.4300 zone, weakening the near-term tone for possible further reversal. However, higher low within 1.4300 zone would signal a resumption of near-term uptrend from 1.4100, and possible fresh attack at 1.4440/96 upside targets.

Res: 1.4400, 1.4440, 1.4496, 1.4550
Sup: 1.4327, 1.4300, 1.4236, 1.4200

Image


GBP/USD

Extends gains above 1.6045 barrier after spike lower was contained by 20 day MA at 1.5980. Holding above 1.6000 would keep near-term positive tone from 1.5910 in play, with clearance of fresh high at 1.6056 and strong resistance at 1.6077 required to open 1.6100/50 next. Loss of 1.600/1.5980, however, would weaken the structure and warn of fresh weakness towards 1.5910 initially, then 1.5880/50 on a break.

Res: 1.6045, 1.6056, 1.6077, 1.6100
Sup: 1.6000, 1.5980, 1.5910, 1.5900

Image


USD/JPY

Dips sharply after filing to hold gains above 81.05 barrier, losing initial supports at 81.00/80.65, to test 80.55, 23 June previous high. This may signal an end of recovery phase from 80.00 and while below 81.00 to keep focus at 80.10/00, break of which would open key supports at 79.68/55. Clearance of 81.26 is required to turn near-term focus higher for test of 81.76/82.20 barriers.

Res: 81.00, 81.26, 81.49, 81.76
Sup: 80.55, 80.29, 80.10, 80.00

Image



USD/CHF

Improves the near-term tone after finding support at 0.8295 and fresh push through initial resistance at 0.8350. Clear break here to expose 0.8375/0.8400 next, ahead of strong barrier at 0.8450 zone. Near-term studies look supportive, with 20 day MA, currently at 0.8325, supporting the advance. Wider picture, however, remains bearish while 0.8550 caps.

Res: 0.8375, 0.8400, 0.8450, 0.8500
Sup: 0.8320, 0.8295, 0.8273, 0.8250

Image
User avatar
WindsorBrokers
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: Baidu [Spider], Bing [Bot], Google [Bot], Yahoo [Bot]

cron