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Thread: Short Term Technical Analysis for Majors by WindsorBrokers

  1. #391
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (09:00 GMT)

    EUR/USD
    Trading in narrow range ahead of a busy day of economical figures, and after fading hopes of stimulus news, the pair managed to rise as high as 1.2330 so far ahead of 1.2350, a break there would open further acceleration towards 1.24010/35 zone, 24th July Low. On the other hand we have seen a higher low action during the past couple of days starting from 1.2225 30th July low up till now. Support levels are found at 1.2280 ahead of 1.2265, while 1.2225 remains the main trigger for bears.
    Res: 1.2330, 1.2350, 1.2390, 1.2410
    Sup: 1.2280, 1.2265, 1.2225, 1.2170




    GBP/USD
    Negative outlook remains in play as long as the pair remains below 1.5700 to continue the head & shoulders pattern, another resistance is seen at 1.5730 ahead of medium term barrier of 1.5775, highest point since 22nd May. From the downside support can be visible at 1.5655 ahead of yesterdays low at 1.5625, a break would target 1.5590 and then 1.5550 zone.
    Res: 1.5700, 1.5730, 1.5755, 1.5775
    Sup: 1.5655, 1.5625, 1.5590, 1.5550




    USD/JPY
    More volatility than yesterday is seen on the pair after the drop to first support at 77.95 during the Asian session, followed by the rise towards 78.30 zone where the first resistance is visible. A break of the said two points would open a direction for the pair either up towards previous peak of 27th July at 78.68 or below towards 77.65 low of 1st of June.
    Res: 78.30, 78.40, 78.65, 78.95
    Sup: 77.95, 77.65, 77.35, 76.50




    Gold
    Trading on a side way action until yesterday’s evening drop towards 1610 gave bulls the momentum to re-enter the market and lift the Gold towards 1620 resistance. Breaking that resistance would open further upside to previous highs of 1627-29 zone and maybe higher towards the upper range of the sideway medium term trend to 1640. On the other hand, holding 1620 would trigger bears to test 1610 and 1600 next, which might open further drop towards 1590 and 1582
    Res: 1620, 1629, 1635, 1640
    Sup: 1610, 1600, 1590, 1582


  2. #392
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    Default Short Term Technical Analysis for Majors (09:00 GMT)

    EUR/USD
    The single currency remained below Medium term barrier after a break during yesterdays Monday opening, however, it has not managed to drop lower than 1.2330. Price action is expected to remain neutral unless a moment is build in above 1.2420 to open 1.2505 first zone. A break there would open targets of 1.2555 and 1.2625. on the downside a drop below 1.2330 would open 1.2290, 50% Fibo of 1.2130/1.2442.

    Res: 1.2420, 1.2440, 1.2505, 1.2555
    Sup: 1.2330, 1.2290, 1.2215, 1.2160



    GBP/USD
    Trading in neutral trend, cable managed to reach as high as 1.5642 ahead of resistance level of 1.5650, this resistance would open further to the upside for a test of 1.5690 and 1.5730, ahead of medium term barrier of 1.5770. The downside is protected by 1.5560 in which would open 1.5520 and 1.5490 next, the downside medium term barrier remain at 1.5400

    Res: 1.5650, 1.5690, 1.5730, 1.5770
    Sup: 1.5560, 1.5520, 1.5490, 1.5455



    USD/JPY
    The remains in neutral territory after a drop of 78.70 zone were a false break was made few pips higher that the higher territory, however, still maintained by 77.90/95 zone low of 23ed July and 1st Aug, were if broken a drop is expected to 77.65 low of 1st of Jun. a break of 78.70 would open the upside to 79.10 and 80.00 next.

    Res: 78.70, 79.10, 80.00, 80.60
    Sup: 77.90, 77.65, 77.10, 76.40



    Crude Oil
    After penetrating 90.30 zone Oil managed to remain in the high territory for a test of 92.20 zone, a correction should be maintained by 90.30 and a break would open 89.40 zone, below 86.90 opens a negative direction. On the upside, clearing of 92.20 would open the upside for a test of 93.25 and 95.15 next.


    Res: 92.20, 93.25, 94.45, 95.15
    Sup: 90.30, 89.40, 88.35, 86.90



    Gold
    Remaining in a side way trend on the Medium term between 1640 and 1530, while currently trading near the higher side of the chart gives the up side a possibility for a further rise to 1618 which would open a test of 1630/40 zone. On the downside, a break of 1605 would open further drop to 1597 and 1584 next, in which a break would allow bears to target 1566 zone.

    Res: 1618, 1628, 1635, 1640
    Sup: 1605, 1597, 1584, 1566


  3. #393
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    Default Short Term Technical Analysis for Majors (07:00 GMT)

    EUR/USD
    Still trading in narrow range, the pair formed a double top pattern at 1.2440 high of 6th and 7th of Aug and 55 days EMA at 1.2445 however, it didn’t manage to drop lower than 1.2338 during the past couple of days. Awaiting a break of any of those points to decide the direction, the downside is favored as Momentum started to drop to 100, a break of 1.2370 would confirm it for a drop to 1.2340 and 1.2290 next. If a momentum is established and a break of 1.2440 was made, the pair is expected to jump towards 1.2505, 1.2555 and 1.2625 next.

    Res: 1.2440, 1.2505, 1.2555, 1.2625
    Sup: 1.2370, 1.2340, 1.2290, 1.2215



    GBP/USD
    Yesterday price action was maintained at 1.5680 at 2nd of Aug peak, however still inside way trend as long as it is trading above 1.5560. First support is spotted at 1.5590 ahead of 1.5560, when a break there would open 1.5590 and 1.5400 next. The upside is capped by 1.5680/90 zone, a break there would open a test to 1.5730 and 1.5770 our medium term resistance. A break of 1.5590/60 would confirm the drop in momentum for a downtrend.

    Res: 1.5680, 1.5690, 1.5730, 1.5770
    Sup: 1.5590, 1.5560, 1.5490, 1.5455



    USD/JPY
    The pair has tested the higher levels of the side way trend at 78.70 were it was maintained, today’s current account higher than expected data did nothing to the pair were its still trading 20 pips lower than upside barrier, a break higher would open 79.15 and 80.00 next. On the downside, support of 77.90/95 would hold side way trend, a break there would open 1st of Jun low at 77.60, and if broken, a drop lower to 76.00 and 75.60 zone.

    Res: 78.70, 79.10, 80.00, 80.60
    Sup: 77.90, 77.65, 77.30, 76.70



    Gold
    Holding below 1618 resistance level, the precious metal was maintained for a drop below 1608 zone. A break of 1618 would open 1628 high of 27th and 31st of July, where it would open 1635/40 zone. While bears is expected to move in once 1608/05 is broken for a test to 1597 and 1584 next.

    Res: 1618, 1628, 1635, 1640
    Sup: 1605, 1597, 1584, 1566



    Crude Oil
    Managed to break 93.15 the high levels of 19th of July and jumped as high as 94.30 zone were a previous high was established at 16th of May, a break there would open 95.40 zone ahead of 97.55. A correction to the downside would be maintained by 92.30 high of 6th of Aug, and 91.70 zone, a break there would open 90.55 and 89.40 next.

    Res: 94.30, 95.40, 97.55, 100.75
    Sup: 92.30, 91.70, 90.55, 89.40


  4. #394
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    Default Short Term Technical Analysis for Majors (07:00 GMT)

    EUR/USD
    The pair dropped yesterday to 38.2% Fibo at 1.2325 of 1.2130 to 1.2440 rise, still on a side way trend if 1.2440 high is not broken. On the downside 1.2325 remains the first support ahead of 50% Fibo 1.2285, and 61.8% Fibo at 1.2250, were a break there would open the point the rise started at 1.2215, the upside will be resumed after a break of 1.2440, then to 1.2505, which will open 1.2555 and 1.2625 next.


    Res: 1.2440, 1.2505, 1.2555, 1.2625
    Sup: 1.2325, 1.2290, 1.2250, 1.2215



    GBP/USD
    Maintained after yesterday’s drop to 1.5570 zone, cable managed to rise again to 1.5680/90 zone where previous highs since the beginning of Aug kept the market from rising. Most indicators are showing a side way trend, unless 1.5570 and 1.5690 range is broken. A break above 1.5690 would open 1.5730 and 1.5770. Were the downside is possible after a break of 1.5570 and 1.5545 zone, in which it will open 1.5490 zone.

    Res: 1.5680, 1.5690, 1.5730, 1.5770
    Sup: 1.5570, 1.5545, 1.5490, 1.5455



    USD/JPY
    Still trading in side way range and after Last night’s BOJ rate statement did nothing but a small drop to 78.27. Daily indicators are showing a positive direction to the upside as a daily higher low pattern is forming. However, the pair is still trading between 78.70 and 77.90, which will open the upside to 79.15 and 80.00 next, or the downside to 77.65 and 76.00 next.

    Res: 78.70, 79.10, 80.00, 80.60
    Sup: 77.90, 77.65, 77.30, 76.70



    Gold
    Ranging trading dominates the action on Gold as 1618 was not broken from the upper side, on the other hand, 1600 zone is still holding gold from any drop to 1584 support. A break of 1618 would open 27th July high at 1628 and then 1635/40 the higher side of the medium term barrier, the downside is favored after a break of 1600 zone to 1584.


    Res: 1618, 1628, 1635, 1640
    Sup: 1603, 1597, 1584, 1566



    Crude Oil
    Still trading on high territory Oil managed to break through yesterdays high with 30 pips, as long as the lower sides are maintained the uptrend is expected to resume, the down side is protected at 92.30 and 91.70 zone, a break there would open 90.55 and 89.40. on the upside, first resistance lays at 95.40 which will open 97.55 and 100.75 next.

    Res: 94.65, 95.40, 97.55, 100.75
    Sup: 92.30, 91.70, 90.55, 89.40


  5. #395
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

    EUR/USD
    One week descend off 1.2440 double-top, has so far retraced exactly 50% of initial 1.2042/1.2240 upleg, with downside pressure seen on lower timeframes. Consolidation above last Friday’s 1.2240 low, was unable to clear 1.2300 barrier, as 55 day EMA capped the upside and near-term price action moving sideways. Immediate support lies at 1.2260, overnight’s low, ahead of 1.2240, key near-term level, below which to signal further extension lower, with significant support zone at 1.2220/00, along with Fib 61.8%, seen next. Near-term range’s high at 1.2315, offers initial barrier, while regain of 1.2350/1.2400 would reduce the downside risk.

    Res: 1.2300, 1.2315, 1.2345, 1.2364
    Sup: 1.2260, 1.2240, 1.2220, 1.2200





    GBP/USD
    The larger picture shows the pair entrenched within 1.5500/1.5760 range, with 200 day SMA keeping the upside protected, while daily studies showing slight improvement. Hourly outlook, however, holds positive tone, as last Friday’s rally touched psychological 1.5700 barrier, with series of higher highs, seeing potential for possible attack at the upper range boundaries. Corrective action should ideally find ground at 1.5640 zone, otherwise, risk of losing 1.5600 handle and possible revisiting 1.5570/50 support zone, would be likely near-term scenario.

    Res: 1.5681, 1.5700, 1.5729, 1.5766
    Sup: 1.5653, 1.5640, 1.5625, 1.5600




    USD/JPY
    Sideways movement and consolidation of short-term losses above 78.00, are shown on a daily chart, with studies in the negative territory and upside being capped at 78.80/79.20 zone, where also 200 day SMA lies. Clear break here is required to signal more serious action. More negative tone is seen on a lower timeframes, with hourly structure showing near-term correction on oversold conditions, with strong barrier seen at 78.40, where 4h 20/55 day EMA’s bearish crossover, keeps the pair under pressure. Fresh losses will be seen on potential loss of strong support and range bottom at 78.00 that is seen as a trigger for test of 77.65, 01 June low.

    Res: 78.34, 78.45, 78.64, 78.78
    Sup: 78.15, 78.00, 77.93, 77.65





    USD/CHF
    Short-term outlook remains positive, as the pair resumes its corrective move off 0.9654, 06 Aug low, with nearly 50% of 0.9970/0.9654 downmove seen on last Friday’s brief break above 0.9800 barrier. Near-term price action is in a consolidative mode, with important support at 0.9750 zone, also 20/55 day EMA’s, expected to hold the downside for fresh push higher, and near-term studies in the positive field. Immediate upside targets lie at 0.9800 zone, with clear break here required to resume rally towards 0.9850. Loss of 0.9750, however, would delay and turn the near-term structure negative.

    Res: 0.9784, 0.9800, 0.9808, 0.9850
    Sup: 0.9761, 0.9747, 0.9700, 0.9656


  6. #396
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

    EUR/USD
    Near-term picture turns negative, as the price slides below 1.2300 support, following an upside rejection under 1.2400 barrier, where the med-term bear-trendline off 1.3282, 01 May peak, capped gains. Initial support at 1.2260 has been tested, with 1.2300 offering initial resistance, as key short-term support at 1.2240, 10 Aug low / 50% of 1.2042/1.2441, comes in focus, with extension to 1.2200, seen on a break.

    Res: 1.2300, 1.2342, 1.2386, 1.2400
    Sup: 1.2258, 1.2240, 1.2220, 1.2200





    GBP/USD
    The pair accelerates losses on a break below 1.5655 platform, turning the near-term outlook negative and keeping strong resistance zone above 1.5700 out of reach for now. Losses have so far retraced 50% of 1.5489/1.5727 ascend, with more significant support zone at 1.5600/1.5570, coming in focus. Larger picture’s range-trade stays intact, as 200 day SMA continues to cap.

    Res: 1.5673, 1.5700, 1.5717, 1.5727
    Sup: 1.5634, 1.5608, 1.5600, 1.5575




    USD/JPY
    The pair continues to trend higher, following break above main bear-trendline at 78.70 and range top at 78.80, with surge through 79.00 barrier and 200 day SMA, looking for test of next significant barrier at 80.00. Overextended conditions on hourly chart, however, signal corrective action, with initial support at 79.00 and 78.80, previous resistance, reinforced by ascending 55 day EMA, expected to contain dips.

    Res: 79.35, 79.50, 79.94, 80.09
    Sup: 79.00, 78.84, 78.67, 78.59





    USD/CHF
    Bounce off important 0.9700 support remains sees potential for further recovery, as the price approaches important barrier at 0.9800 zone, previous high / 50% of 0.9970/0.9655 descend, with break here required to confirm higher low and resume gains. Break above 0.9800 to open 0.9850, Fib 61.8%, next, while support at 0.9750 zone, along with 4h 20/55 day EMA’s crossover, underpins.

    Res: 0.9796, 0.9808, 0.9850, 0.9897
    Sup: 0.9777, 0.9758, 0.9749, 0.9730


  7. #397
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    Default Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

    EUR/USD
    Driven by the news, the single currency broke out of short-term range, when gains accelerated, to clear key short-term barrier at 06/07 Aug double top at 1.2440. Positive sentiment that came in play on increased risk appetite, keeps the upside in focus in the near-term, as gains approached initial target at 1.2500. Consolidative action on overbought hourlies is under way, with possible deeper reversal to be ideally contained at/above 1.2415/00 zone, where Fib 38.2% and 55 day EMA, along with psychological 1.2400 level, offer good support.

    Res: 1.2477, 1.2486, 1.2500, 1.2520
    Sup: 1.2440, 1.2415, 1.2400, 1.2380





    GBP/USD
    The pair consolidates its yesterday’s gains that broke above two-month range top and cracked our initial target at 1.5800. Shallow reversal on overbought hourly conditions has so far been contained by strong support of 20 day EMA and previous range ceiling at 1.5775, keeping the upside in focus, however, hourly indicators still pointing lower and extended conditions on 4h chart, do not rule out further corrective action. Another good support at 1.5750/40 zone, where Fib 38.2% and 50%, along with previous top and 55 day EMA, is seen as ideal reversal point in case of stronger dips. Only loss of 1.5700/1.5680, higher platform / trendline support, will sideline bulls. On the upside, lift above 1.5800 to open 1.5847, 22 May high, ahead of psychological 1.5900 barrier.

    Res: 1.5803, 1.5847, 1.5900, 1.5905
    Sup: 1.5765, 1.5753, 1.5743, 1.5722




    USD/JPY
    Remains in near-term corrective mode off 79.65, 20 Aug fresh high, where daily Ichimoku cloud capped the upside action. Temporary footstep was found at 79.15, marked as ideal reversal point, along with 79.00/78.90 zone, Fib 38.2% / 50% of 78.15/79.65 and 55 day EMA. However, still negative structure on hourly and indicators pointing lower on 4h chart, keep the downside vulnerable. From the other side, clear break above 79.65 is seen as a trigger for test of 80.00.

    Res: 79.52, 79.65, 79.94, 80.09
    Sup: 79.15, 79.08, 79.00, 78.90





    USD/CHF
    The negative sentiment keeps to drive the pair lower, as loss of initial 0.9700 platform, accelerated losses through key short-term support and double bottom at 0.9655, approaching psychological 0.9600 level. Brief consolidation off 0.9617, yesterday’s low, has not shown much of recovery, as negative short-term studies keep the downside in focus, with some delay in stronger slide, to be seen on oversold short-term conditions. Clear break below 0.9600, to expose 0.9650 zone, 90 day SMA / daily Ichimoku cloud base, ahead of psychological 0.9500 level. On the upside, regain of minimum 0.9700/20, is required to ease bear pressure, while 0.9800 zone caps for now.

    Res: 0.9655, 0.9700, 0.9720, 0.9747
    Sup: 0.9617, 0.9600, 0.9550, 0.9500


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