Thread: Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)

EUR/USD

Reversal off 1.4247 peak has found a temporary support at 1.4052, near 50% retracement of 1.3867/1.4247 upleg, ahead of recovery attempt. This was so far capped by 1.4150, with upside break above 1.4213 required to confirm higher low at 1.4052 and open way for fresh attempt through 1.4247, towards 1.4280/1.4300 zone. Upside failure, however, risks higher low and extension of near-term downtrend and below 1.4052 opens 1.4030/12.

Res: 1.4150, 1.4161, 1.4213, 1.4247
Sup: 1.4105, 1.4094, 1.4052, 1.4040





GBP/USD

Extends retreat from 1.6400 peak after consolidation attempt above 1.6230 failed, with loss of 1.6200, 21 Mar higher platform approaching 1.6128, 61.8% retracement of 1.5959/1.6400 upleg. Loss of the latter would confirm near-term top at 1.6400 and expose higher low at 1.6059, ahead of possible full retracement of the recent rally. Initial resistance lies at 1.6220, while clearance of 1.6270 would signal fresh recovery under way.

Res: 1.6194, 1.6220, 1.6270, 1.6290
Sup: 1.6137, 1.6128, 1.6100, 1.6059





USD/JPY

Continues to trade in a narrow range after sharp recovery off 79.25 record low peaked at 82.00. Downside remains supported by 80.57, Friday’s low / 20 day MA, for now, with clearance of 81.30, range ceiling and 82.00 needed to resume recovery. 82.66, 90 day MA on a daily chart, and 83.30, 11 Mar high, are seen on a break. However, loss of 80.57 will signal fresh weakness under 80.00 handle. Longer-term outlook remains bearish.

Res: 81.31, 81.74, 81.98, 82.41
Sup: 80.69, 80.57, 80.16, 80.00





USD/CHF

Extended recovery after finding support at 0.8976, clearing 0.9089 range ceiling, to hit fresh near-term high at 0.9122. Corrective pullback remains supported by 0.9050, 20 day MA for now, with fresh gains required to clear 0.9122, to resume recovery. Alternative scenario sees risk of losing 0.9050 handle and return back to 0.8976/61 support zone.

Res: 0.9122, 0.9139, 0.9200, 0.9250
Sup: 0.9050, 0.9000, 0.8976, 0.8961

WTF,

another new thread?


Look at this page funyoo...your entire sub-forum is filled with this guys "post and run" tactics to get free advertising for his brokerage...He does not reply or discuss trading or TA...It is like this all over the internet...why do you allow it on your forum?

http://www.tradingsystemforex.com/technical-analysis/ ES