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

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

Postby WindsorBrokers » Mon Jun 15, 2015 10:43 am

EURUSD

Near-term direction is turning downside, after Euro’s last Friday’s hesitation, shaped in long-legged Doji, started week in soft tone, opening with gap lower. The price holds around 1.12 handle that was cracked overnight, with upside attempts being capped at 1.1230 by ascending daily 10SMA, keeping for now Friday’s closing level at 1.1260, intact. Near-term studies are in neutral mode, with focus at immediate targets at 1.1168/49, Fibonacci 38.2% of 1.0818/1.1384 upleg / last Friday’s low / daily Kijun-sen line, loss of which to weaken near-term structure and expose pivotal 1.1047 higher low, posted on 05 June. However, repeated bullish weekly close and positively aligned daily/weekly studies, keep scenario of higher low formation and fresh push higher, in play. Filling overnight’s gap is seen as initial step, with break above 1.13 barrier, near last Friday’s high, required to confirm reversal.

Res: 1.1230; 1.1260; 1.1294; 1.1349
Sup: 1.1191; 1.1168; 1.1149; 1.1127


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GBPUSD

Positive last Friday’s close that also occurred above 200SMA, keeps the upside focused, as last Friday’s rally also cracked Fibonacci 61.8% barrier of 1.5813/1.5168 downleg, at 1.5166. The notion is supported by long green weekly candle, on acceleration from 1.5168, correction low of 01 June, where higher low was formed. Bullish tone prevails on all timeframes and favors further upside, with focus on immediate barriers at 1.5596, session high, then 1.5661, Fibonacci 76.4% and 21/22 May lower tops at 1.5688/98. Daily 200SMA, also Kijun-sen, offer initial support, ahead of last Friday’s low at 1.5464 and Fibonacci 38.2% of 1.5219/1.5596 rally at 1.5452, where corrective dips are expected to find ground. Alternatively, break here and below 1.5418, 11 June low, would weaken near-term tone and shift focus lower.

Res: 1.5568; 1.5596; 1.5661; 1.5698
Sup: 1.5527; 1.5491; 1.5464; 1.5452


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USDJPY

Near-term price action remains directionless, after bounce from near-term base at 122.44 was capped at 124 zone and price action entrenched within narrow range. Last Friday’s Doji confirms hesitation, along with neutral near-term technicals. Immediate downside threats were neutralized after fresh rally covered overnight’s gap lower, however, range-trading remains intact in the near-term. However, downside remains at risk, as corrective pullback from fresh high at 125.84, hasn’t finished yet and risk of lower top formation and fresh leg lower, exists. To neutralize such scenario, break above daily 10SMA and last Thursday’s recovery top at 123.98/124.11, is seen as minimum requirement, with further rallies and break above lower top at 124.61. also Fibonacci 61.8% of 125.84/122.44, to confirm reversal and shift focus higher.

Res: 123.80; 124.11; 124.61; 125.04
Sup: 123.10; 122.44; 122.35; 122.01

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AUDUSD
The pair continues to trade in near-term sideways mode, with focus shifting lower, following last Friday’s bearish close and probe below near-term range floor. With descending daily 20SMA continuing to cap, more downside pressure could be expected, as daily 10SMA, currently at 0.7708, was cracked. Weak daily studies keep the upside limited for now, with contracting 20d Bollingers, suggesting further range trading, as past two-week price action remains within 0.7596/0.7817 range.
Res: 0.7721; 0.7752; 0.7791; 0.7802
Sup: 0.7700; 0.7676; 0.7634; 0.7596
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Re: Short Term Technical Analysis for Majors (07:45 GMT)

Postby pipabode » Mon Jul 27, 2015 7:00 am

Technical analysis for Gold for 27th July 2015. We are waiting for a clear break out of the major resistant at level 1105.96, otherwise, traders should patiently wait for bearish strong signals. that is an exhaustion along that level, or a long red candle more than half the current candle!
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Re: Short Term Technical Analysis for Majors (07:45 GMT)

Postby pipabode » Mon Jul 27, 2015 7:17 am

Technical Analysis of USD/CAD: I was observing the Pair on a one hour chart and its like there is an opposite situation. We expect the price to more to the level 1.30403 before crashing down. Probably you should look for a clear bounce from that level, here is the chart.
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Re: Short Term Technical Analysis for Majors (07:45 GMT)

Postby pipabode » Mon Jul 27, 2015 2:04 pm

pipabode wrote:Technical Analysis of USD/CAD: I was observing the Pair on a one hour chart and its like there is an opposite situation. We expect the price to more to the level 1.30403 before crashing down. Probably you should look for a clear bounce from that level, here is the chart


More information can be found on the site Freshforex.com

It is clear that, based on my previous analysis of the pair USD/CAD, the pair has eventually gone short. Traders having holding onto short position should consider closing their short positions at the next support.
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Re: Short Term Technical Analysis for Majors (07:45 GMT)

Postby pipabode » Wed Jul 29, 2015 1:26 pm

Technical analysis of EUR/USD for July 29, 2015
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When the European market opens, economic news on the GfK German Consumer Climate is due. The US will publish data on the Federal Funds Rate, FOMC Statement, Crude Oil Inventories, and Pending Home Sales m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1117.

Strong Resistance:1.1111.

Original Resistance: 1.1100.

Inner Sell Area: 1.1089.

Target Inner Area: 1.1063.

Inner Buy Area: 1.1037.

Original Support: 1.1026.

Strong Support: 1.1015.

Breakout SELL Level: 1.1009.
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