Page 28 of 40 FirstFirst ... 18262728293038 ... LastLast
Results 271 to 280 of 397
 0 Attachment(s)    

Thread: Short Term Technical Analysis for Majors by WindsorBrokers

  1. #271
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)

    EUR/USD
    Today’s break through 1.3738, 61.8 Fibonacci level, has so far reached 1.3757, fresh two-month low, en-route to 1.3784 target, 22 Nov 2010 lower high. Regain of the latter would open way for test of 1.4050, longer-term descending trendline, connecting 1.5140 and 1.4280 peaks. Corrective pullbacks should be contained by 1.3530/00, to maintain immediate bulls.

    Res: 1.3784, 1.3800, 1.3824, 1.3880
    Sup: 1.3665, 1.3640, 1.3605, 1.3573





    GBP/USD
    Extends recovery from 1.5750, breaking above 1.5936, overnight’s high and 1.5953 Fibonacci level, to approach 1.6000/15 barrier. Reclaim of the latter would open key near-term resistance at 1.6058 for retest. Break here is needed to extend short-term uptrend from 1.5343/1.5404 and target 1.6093 and 1.6161, descending trendline drawn off 1.7041, Aug 2009 peak. Immediate support lies at 1.5900/1.5880 zone.

    Res: 1.6000, 1.6016, 1.6035, 1.6058
    Sup: 1.5943, 1.5895, 1.5880, 1.5846





    USD/JPY
    Bounced sharply after the recent decline from 83.11 found support at 82.00 zone, just above 81.84, key near-term support. Brief break above 83.11 now signals further gains and retest of 83.45/67 barriers, break of which is needed to resume broader recovery from 80.92, yearly low. To maintain immediate bulls, 82.60 zone is expected to hold corrective dips.

    Res: 83.20, 83.45, 83.67, 84.19
    Sup: 82.66, 82.47, 82.27, 81.97





    USD/CHF
    Extends the downtrend from 0.9685 lower high, with loss of 1.9500 support and recovery rejection at 0.9521, accelerating losses to 0.9388 so far. Recovery attempts are seen capped by 0.9497, trendline resistance and 0.9518/25 zone for now, with negative short-term outlook bringing retest of 0.9301, historical low in focus. Only break above 0.9520 would signal further recovery, though regain of 0.9575/0.9600 needed to confirm.

    Res: 0.9470, 0.9493, 0.9520, 0.9550
    Sup: 0.9399, 0.9388, 0.9365, 0.9336


  2. #272
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD
    Trades in a narrow consolidative range after reaching fresh high at 1.3757. Yesterday’s closing above 1.37 level keeps short-term focus to the upside. Initial target lies at 1.3784, with possible attempt at longer term trendline resistance at 1.4050 not ruled out. Intraday studies remain supportive but entering overbought zone warns of correction preceding fresh strength. Supports at 1.3632 and 1.3573/39 should contain dips to keep immediate bulls in play. Only loss of 1.3245, key near-term support would weaken the structure.

    Res: 1.3738, 1.3757, 1.3784, 1.3800
    Sup: 1.3678, 1.3636, 1.3573, 1.3539





    GBP/USD
    Recovery attempt from 1.5750, 25 Jan higher platform, stalled on approach to 1.6016 resistance at 1.5989, with subsequent reversal under way. Formation of hourly head and shoulders pattern and break through neckline at 1.5877, suggests further weakness , with break below 1.5850/40 support zone to signal return back to 1.5750. Only upside regain of 1.5935 would improve the near-term outlook.

    Res: 1.5910, 1.5936, 1.5989, 1.6016
    Sup: 1.5852, 1.5846, 1.5835, 1.5768





    USD/JPY
    Maintains near-term positive tone after downside rejection at 82.00 area and yesterday’s strong rally through 83.11, previous high. Current pullback is seen corrective, while above 82.50, with upside clearance of 83.20 needed to re-focus key short-term resistance at 83.67. However, loss of 82.50 support would risk return to 82.00/81.84, key near-term supports, break of which would signal an end of recovery phase from 80.92.

    Res: 82.92, 83.07, 83.20, 83.45
    Sup: 82.56, 82.47, 82.27, 81.97





    USD/CHF
    Continues to trend lower after recovery attempt from 0.9301, historical low, failed at 0.9782, and subsequent reversal almost fully retraced the recent 0.9301/0.9782 upleg, reaching 0.9388 thus far. Pair is currently trading in a narrow consolidative range, with bounces higher seen limited by 0.9520 zone, ahead of fresh attempt at 0.9301. Above 0.9520 to trigger recovery, though clearance of 0.9620/85 needed to re-focus 0.9782.

    Res: 0.9480, 0.9493, 0.9520, 0.9550
    Sup: 0.9415, 0.9399, 0.9388, 0.9365


  3. #273
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)

    EUR/USD
    Continues to trade below 1.3757, fresh two-month high, hovering at 1.37 area. Immediate support at 1.3670/40 needs to hold to keep 1.3757/84 targets in play, otherwise, risk is seen of deeper correction towards 1.3573/39. Only loss of 1.3420/00 zone would signal fresh weakness and expose key support at 1.3245.

    Res: 1.3744, 1.3757, 1.3784, 1.3800
    Sup: 1.3678, 1.3636, 1.3573, 1.3539





    GBP/USD
    Recovery attempt from 1.5750, 25 Jan higher platform, stalled on approach to 1.6016 resistance at 1.5989. Reversal has so far found support at 1.5852, though fresh gains from here so far unable to regain 1.5989. Break through 1.5965/89 is needed to resume recovery, while loss of 1.5850/40 support zone would signal return back to 1.5750.

    Res: 1.5965, 1.5989, 1.5910, 1.5936
    Sup: 1.5852, 1.5841, 1.5819, 1.5768




    USD/JPY
    Broke below 82.50 support to fully retrace the recent 82.00/83.20 rally. 82.10/00 zone, trendline support / previous low, have so far contained the latest dip, though break below 82.00/81.84 would signal an end of recovery phase from 80.92 and turn immediate focus lower. Upside, regain of 83.00/20 zone is needed to spark fresh rally towards 83.45/67, key near-term resistances.

    Res: 82.60, 82.92, 83.07, 83.20
    Sup: 82.10, 81.97, 81.84, 81.67





    USD/CHF
    Continues to trend lower after recovery attempt from 0.9301, historical low, failed at 0.9782, and subsequent reversal almost fully retraced the recent 0.9301/0.9782 upleg, reaching 0.9388 thus far. Pair is currently trading in a narrow consolidative range, with bounces higher seen limited by 0.9520 zone, ahead of fresh attempt at 0.9301. Above 0.9520 to trigger recovery, though clearance of 0.9620/85 needed to re-focus 0.9782.

    Res: 0.9468, 0.9480, 0.9493, 0.9520
    Sup: 0.9418, 0.9401, 0.9388, 0.9365


  4. #274
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD
    Remains under pressure after failing to sustain gains above 1.3738, 61.8% retracement of 1.4280/1.2872 decline, with last Friday’s closure below 1.37 level, anticipating stronger correction. Immediate support at 1.3573 has been tested so far, as the pair posted fresh one-week low at 1.3569. Strong support lies at 1.3539, loss of which would expose 1.34 zone, above where bulls are expected to reassert. Regain of 1.3757 is needed to expose 1.3784, 22 Oct 2010 high and 1.3838, 76.4% retracement of 1.4280/1.2872. Only loss of key short-term support at 1.3245 would signal possible end of recovery phase from 1.2872.

    Res: 1.3635, 1.3677, 1.3710, 1.3745
    Sup: 1.3591, 1.3569, 1.3539, 1.3503





    GBP/USD
    Extends the short-term downtrend off 1.6058, 18 Jan peak, after sharp fall to 1.5750 and subsequent recovery failure to clear trendline resistance at 1.5989. Near-term tone is skewed to the downside, with 1.5821, triangle support being tested so far. Break here to suggest fresh weakness and test of 1.5785, 61.8% of 1.5343/1.6058 ascend and 1.5750, key short-term higher low, loss of which would signal further weakness and open 1.5660/17 zone for retest.

    Res: 1.5911, 1.5965, 1.5989, 1.6016
    Sup: 1.5821, 1.5768, 1.5750, 1.5717





    USD/JPY
    Continues to trade in negative short-term tone following recovery failure at 83.67 and the recent upside rejection at 83.20. Today’s break below 83.05, trendline support is now attempting at key short-term support at 81.84, loss of which would signal an end of recovery phase from 80.92 and extension of the downtrend from 84.49, to test 80.92, possibly multi-year low at 80.24 on a break. Only regain of 83.00/20 zone would improve the near-term outlook.

    Res: 82.21, 82.46, 82.70, 82.92
    Sup: 81.91, 81.84, 81.67, 80.92





    USD/CHF
    Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep hopes of fresh recovery.

    Res: 0.9468, 0.9480, 0.9493, 0.9520
    Sup: 0.9399, 0.9388, 0.9365, 0.9301


  5. #275
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)

    EUR/USD
    Rejection at 1.3757 and subsequent reversal, have found support at 1.3570, ahead of strong recovery, keeping the short-term bulls in play. Today’s regain of 1.37 level, suggests fresh attempt at 1.3745/57 resistance zone, break of which is needed to resume recovery off 1.2872 and expose 1.3784 next. Immediate supports at 1.3570/39 underpin advance for now.

    Res: 1.3745, 1.3757, 1.3784, 1.3824
    Sup: 1.3600, 1.3569, 1.3539, 1.3503







    GBP/USD
    Extends the short-term downtrend off 1.6058, 18 Jan peak, after sharp fall to 1.5750 and subsequent recovery failure to clear trendline resistance at 1.5989. Near-term tone is skewed to the downside, with 1.5821, triangle support being tested so far. Break here to suggest fresh weakness and test of 1.5785, 61.8% of 1.5343/1.6058 ascend and 1.5750, key short-term higher low, loss of which would signal further weakness and open 1.5660/17 zone for retest. Upside attempts remain capped by 1.5965/89 and only break above the latter would signal a resumption of short-term uptrend off 1.5750.

    Res: 1.5965, 1.5989, 1.6016, 1.6036
    Sup: 1.5821, 1.5768, 1.5750, 1.5717





    USD/JPY
    Maintains negative short-term tone following recovery failure at 83.67 and the recent upside rejection at 83.20. Today’s break below 83.05, trendline support is now attempting at key short-term support at 81.84, loss of which would signal an end of recovery phase from 80.92 and extension of the downtrend from 84.49, to test 80.92, possibly multi-year low at 80.24 on a break. Only regain of 83.00/20 zone would improve the near-term outlook.

    Res: 82.21, 82.46, 82.70, 82.92
    Sup: 81.91, 81.84, 81.67, 80.92





    USD/CHF
    Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep alive hopes of fresh recovery.

    Res: 0.9468, 0.9480, 0.9493, 0.9520
    Sup: 0.9399, 0.9388, 0.9365, 0.9301


  6. #276
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD
    Regained strength after the sharp reversal, following an upside rejection at 1.3757, found support at 1.3570. The latest fall has nearly been fully retraced, though clear break above 1.3757 to confirm. Immediate target lies at 1.3784, ahead of 1.3838, 76.4% retracement of 1.4280/1.2872 down move. Longer-term descending trendline, connecting 1.5144 and 1.4280 peaks and currently standing at 1.4044, is seen as key short-term resistance. Downside, 1.3570/39 area offers initial support, and expected to contain dips, to keep immediate bulls in play, otherwise, further losses into 1.34 zone would be likely scenario.

    Res: 1.3757, 1.3784, 1.3824, 1.3838
    Sup: 1.3662, 1.3636, 1.3600, 1.3570





    GBP/USD
    Has fully retraced the recent leg lower from 1.6058, after finding ground at 1.5750 and fresh bulls breaking through 1.6058, key near-term resistance. This signals an end of corrective phase off 1.6297 and opens way for test of 1.6093, 19 Nov 2011 high and 1.6166, longer term trendline, drawn off 1.7041, 2009 high. Downside, 1.5820/1.5750 underpin the advance and only loss of the latter to weaken short-term structure.

    Res: 1.6078, 1.6093, 1.6166, 1.6200
    Sup: 1.6003, 1.5989, 1.5965, 1.5911





    USD/JPY
    Recent failure to sustain gains above 83.00 zone has triggered fresh weakness through 82.10, triangle support and attempt through 81.84, key near-term support, to suggest an end of recovery phase from 80.92 and extension of broader downtrend from 84.49, confirming lower top at 83.67, Immediate downside target lies at 80.92, key short-term support , ahead of possible return to 80.24, multi-year low, posted on Nov 2010.open way for retest of 80.92, 03 Jan 2011 low. Upside, 83.20 caps for now.


    Res: 82.14, 82.24, 82.46, 82.70
    Sup: 81.74, 81.67, 80.92, 80.24





    USD/CHF
    Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, and opening way for attack at key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Only regain of 0.9620/80 would put immediate bears on hold and keep alive hopes of fresh recovery.

    Res: 0.9447, 0.9468, 0.9480, 0.9493
    Sup: 0.9367, 0.9306, 0.9301, 0.9250


  7. #277
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD
    Extends gains off 1.3570 higher low, surging through 1.3784, Nov 2010 lower high and 1.38 barrier, to post fresh 3-month high at 1.3860 overnight. Immediate resistances lie at 1.3886 and 1.3938, 76.4% of 1.4280/1.2872, ahead of key longer-term descending trendline, currently at 1.4039. Clearance of the latter will open way for retest of 1.4280, key lower high of the broader downtrend from 1.6039. Bulls are firmly in play, but entering overbought zone, suggesting correction would precede fresh push higher. Downside, 1.3760 offers initial resistance, while loss of 1.37 to sour near-term structure. However, only below 1.3570 would sideline immediate bulls in favor of stronger correction.

    Res: 1.3860, 1.3886, 1.3938, 1.4039
    Sup: 1.3812, 1.3776, 1.3757, 1.3725





    GBP/USD
    Strong rally from 1.5821, 31 Jan higher low, has so far cleared 1.6058/1.61 barriers, to dent key longer-term trendline resistance at 1.6166. Sustained break here is needed to expose 1.6297, 31 Oct 2010 high and signal resumption of recovery from 1.4230, May 2010 low. Immediate supports lie at 1.6058/15, with dips contained above here, otherwise, potential is for deeper reversal towards 1.59 zone.

    Res: 1.6211, 1.6297, 1.6430, 1.6456
    Sup: 1.6127, 1.6080, 1.6058, 1.6036





    USD/JPY
    Extends short-term downtrend from 83.67 after the latest recovery attempt failed at 83.20 and fresh weakness broke below 81.84, key near-term support, to reach 81.30, fresh one-month low today. Immediate downside target lies at 80.92, 2011 low and key support, loss of which is expected to open way towards 80.24, Nov 2010 15-years low. Upside, 81.84 offers immediate resistance, while only regain of 83.20 improves short-term structure.

    Res: 81.84, 81.90, 82.14, 82.24
    Sup: 81.30, 81.21, 80.92, 80.52





    USD/CHF
    Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, posting fresh lows en-route to key 0.9301 support. Loss of the latter would signal and extension of the broad downtrend and fresh phase lower to expose psychological levels at 0.9200/0.9100. Upside, 0.9450/80 zone caps for now.

    Res: 0.9367, 0.9417, 0.9447, 0.9468
    Sup: 0.9327, 0.9306, 0.9301, 0.9250


  8. #278
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)

    EUR/USD
    Trades in a near-term corrective/consolidative mode after the latest rally reached fresh 3-month high at 1.3860. Dips broke below 1.38 level, though further extension into 1.3760/50 is seen corrective, ahead of fresh attempt higher. Above 1.3860 to target 1.3886/1.3938, with test of key 1.4039, trendline resistance, seen short-term. Only loss of 1.3750, 38.2% of 1.3570/1.3860 would anticipate deeper correction and focus 1.3715/1.3680. Short-term, 1.3570 remains key support.

    Res: 1.3844, 1.3860, 1.3886, 1.3938
    Sup: 1.3787, 1.3750, 1.3725, 1.3715





    GBP/USD
    Surged through 1.32 barrier today, after clearing 1.6166, longer-term trendline resistance, to reach 1.6228 so far. Intraday studies remain supportive for final thrust towards 1.6297, key short-term resistance, break of which is required to trigger fresh phase higher and confirm higher low at 1.5343. Overbought conditions, however, may see corrective pullback preceding fresh strength. Immediate supports lie at 1.6120/1.6080 and is expected to contain corrective dips, otherwise, deeper correction below 1.6000 would be likely.

    Res: 1.6228, 1.6297, 1.6430, 1.6456
    Sup: 1.6127, 1.6080, 1.6058, 1.6036





    USD/JPY
    Continues to trade in a near-term consolidative mode after bears extended to post fresh low of 81.30 yesterday, just above 80.92, key short-term support. Intraday studies remain bearish, looking for further losses, with break below 80.92 to expose 80.24, 15-year low. Hourly studies, however, see scope of possible near-term basing above 81.30, though minimum of 81.84/82.24 should be regained to confirm recovery attempt.

    Res: 81.84, 81.90, 82.14, 82.24
    Sup: 81.30, 81.21, 80.92, 80.52





    USD/CHF
    Maintains negative tone after the latest recovery attempt from 0.9301, historical low failed at 0.9782, with subsequent weakness clearing the last support at 0.9413, 76.4% retracement of 0.9301/0.9782 ascend, posting fresh lows en-route to key 0.9301 support. Market posted fresh low at 0.9327, with subsequent recovery attempt failure at 0.9395, keeping bears firmly in play, and loss of 0.9301 to signal extension of the broad downtrend and fresh phase lower. Upside, 0.9450/80 zone caps for now.

    Res: 0.9367, 0.9395, 0.9417, 0.9447
    Sup: 0.9327, 0.9306, 0.9301, 0.9250


  9. #279
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD
    Extended correction below 1.38 mark after hitting fresh 3-month high at 1.3860, finding support at 1.3766, just above 1.3850, 38.2% of the latest leg higher from 1.3570 to 1.3860. Fresh strength is underway and holding above 1.3800/10 to keep near-term focus higher for retest of 1.3860. Break here will open 1.3939/72, ahead of possible attempt at key trendline resistance, currently at 1.4044. Failure to sustain gains above 1.38 and loss of 1.3766/50 support zone, would risk deeper reversal and open 1.3715/00, then 1.3680, 61.8% retracement. Key short-term support lies at 1.3570.

    Res: 1.3827, 1.3844, 1.3860, 1.3886
    Sup: 1.3783, 1.3766, 1.3750, 1.3715





    GBP/USD
    Short-term bulls from 1.5821 higher low remain in play after a shallow correction off yesterday’s peak at 1.6228 found ground at 1.6140. Fresh gains broke above 1.6228, with 1.6243 seen so far and sustained break higher to look for test of key resistance at 1.6297, break of which would open fresh phase higher of the broader uptrend from 1.4230. Downside, 1.6140 offers immediate support, while possible deeper pullbacks need to hold above 1.6058/00 zone to keep immediate bulls in play.

    Res: 1.6243, 1.6297, 1.6430, 1.6456
    Sup: 1.6174, 1.6140, 1.6127, 1.6080





    USD/JPY
    Attempts to base above 81.30, 01 Feb fresh low, with recovery testing initial resistance at 81.84 so far. However, break of minimum 82.00/25 is required to signal further near-term recovery developing and expose 82.47, 61.8% of 83.20/81.30 decline, break of which to open key resistance zone at 83.00/20. Failure to sustain recovery, however, will resume the downtrend from 83.20 and loss of 81.30 to open way for test of key supports at 80.92 and 80.24.

    Res: 81.84, 81.90, 82.14, 82.24
    Sup: 81.48, 81.30, 81.21, 80.92





    USD/CHF
    Extends the near-term downleg from 0.9782, posting fresh low at 0.9327 yesterday, just above 0.9301, historical low and key support, ahead of bounce. The latest recovery attempt has so far reached 0.9440, though, regain of 0.9480/0.9500 is needed to signal further correction and open 0.9556/0.9607, 50% / 61.8% retracement of 0.9782/0.9327 decline, where a lower high is anticipated. Only break above 0.9685 would sideline near-term bears.


    Res: 0.9440, 0.9454, 0.9480, 0.9500
    Sup: 0.9394, 0.9327, 0.9306, 0.9301


  10. #280
    Banned
    Join Date
    Mar 2010
    Posts
    392

    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD
    Remains under pressure after yesterday’s sharp fall through a series of supports tested 1.36 zone so far, sidelining near-term bulls. Immediate focus is on 1.3570, key near-term support, loss of which will further weaken the structure and expose 1.3480, 38.2% of 1.2872/1.3860 ascend. Corrective attempts are seen capped by 1.3700/35 zone.

    Res: 1.3657, 1.3700, 1.3724, 1.3735
    Sup: 1.3608, 1.3595, 1.3570, 1.3539





    GBP/USD
    Gains through 1.6228, previous high, stalled at 1.6277, just under key barrier at 1.6297, followed by shallow correction. Near-term studies remain supportive for fresh attempt higher, with clearance of 1.6297 needed to resume the recent bull-leg from 1.5750 and open way for fresh bull phase, to target 1.6400, 38.2% retracement of the long-term 2.1161/1.3501 decline. Downside, 1.6120 offers immediate support, with potential break here to trigger deeper correction towards 1.6076/36. Loss of 1.60 zone, however, weakens the short-term structure.

    Res: 1.6174, 1.6228, 1.6277, 1.6297
    Sup: 1.6120, 1.6105, 1.6076, 1.6002





    USD/JPY
    Continues to trade sideways after the latest recovery attempt off 81.30 low faces strong resistance at 82.00 zone. While the latter intact, short-term bears remain in play for retest of 81.30 and 80.92, key support, loss of which would turn immediate focus at 80.24, 01 Nov 2010 multiyear low. Upside, regain of 82.00/25 to signal further recovery and open 82.50/83.00 zone next.

    Res: 81.69, 81.84, 82.05, 82.24
    Sup: 81.48, 81.39, 81.30, 80.92




    USD/CHF
    Remains in a corrective mode after decline from 0.9782 found temporary support at 0.9327, just above key historical low at 0.9301. Market briefly broke above 0.9499, 38.2% retracement of 0.9782/0.9327 downleg, to reach 0.9523, with break through here and 0.9553, 50%, to signal further recovery towards 0.9600 zone, clearance of which is required to confirm recovery, otherwise, lower top and resumption of the broader downtrend would the likely scenario.

    Res: 0.9500, 0.9523, 0.9554, 0.9607
    Sup: 0.9446, 0.9420, 0.9394, 0.9327


Similar Threads

  1. The biggest secret of short-term trading
    By painofhell in forum Trading discussion
    Replies: 0
    Last Post: 11-19-2014, 23:20
  2. Technical analysis
    By painofhell in forum Trading discussion
    Replies: 0
    Last Post: 08-20-2014, 22:04
  3. Simple EA for short term trends (scalper)
    By vd111 in forum Ideas for expert advisors
    Replies: 1
    Last Post: 08-24-2013, 10:22
  4. My Majors Analysis
    By Galation in forum Technical analysis
    Replies: 5
    Last Post: 11-29-2012, 13:30
  5. Daily Technical Analysis for Majors
    By FxTT in forum Technical analysis
    Replies: 0
    Last Post: 03-11-2012, 21:50

Tags for this Thread

100, 100 pips, 2011, analysis, average, bollinger, breakout, brokers, candle, channel, closing, color, crossover, divergence, eur, eur/usd, eurusd, fibonacci, forex, free, fundamentals, gbp, gbpusd, german, gold, high, historical, ichimoku, indicators, intraday, low, macd, main, managed, moving average, news, offer, pivot, price action, rating, resistance, rsi, short term, signal, signals, sma, squeeze, support, technical analysis, test, time, trading, trend, usd

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •