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  #151 (permalink)  
Old 11-08-2014, 03:43 PM
WindsorBrokers WindsorBrokers is offline
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Default Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)

EURUSD

The Euro trades in consolidative mode after finding ground above 1.33 support. Near-term price action moves around 1.34 handle, still holding below 1.3443, 01 Aug lower top and breakpoint, clearance of which is required to trigger stronger recovery and confirm near-term base. Near-term action is supported by positive hourly studies and 4-hour indicators emerging above the midlines. Also, reversing daily indicators and RSI out of oversold zone, support the notion. Lift above 1.3443, also near 38.2% retracement of 1.3639./1.3316 descend, to open 1.3485, 24 July lower top and 50% retracement, as well as psychological 1.35 barrier. Pullback off fresh recovery high at 1.3431, which dented 1.34 support, also near 38.2% of 1.3316/1.3431 ascend, should hold above 1.3370, Fibonacci 61.8% retracement and hourly 20/55 SMA’s bullish cross, to keep near-term bulls intact for renewed attempt higher. Otherwise, risk of retest of 1.33 support zone and fresh extension of larger downtrend would remain in play.


Res: 1.3409; 1.3431; 1.3443; 1.3485
Sup: 1.3381; 1.3369; 1.3350; 1.3335






GBPUSD

Cable maintains negative tone and reached fresh low at 1.6764, after loss of psychological 1.68 support. The pair is looking for completion of the upleg from 1.67 zone higher base, to 1.7189, as the biggest part of the rally has already been retraced. Near-term consolidative actions are expected to interrupt bears, however, the upside potential so far looks limited, as near-term technicals remain negative. Only break above 1.6885 lower top would signal more significant upside action and delay attempt at 1.67 base.

Res: 1.6810; 1.6827; 1.6839; 1.6862
Sup: 1.6764; 1.6736; 1.6691; 1.6657






USDJPY

The pair remains in the downmove off 103.07, 30 July peak, which retraced 76.4% of the rally from 101.07 to 103.07, on a dip to 101.49 so far. Studies on 4-hour chart are weak and maintain the risk of return to 101 base, as the price holds below 200SMA, stabilizing around 102 handle. On the other side, overall bullish picture remains intact and sees fresh upside potential, once the price confirms footstep at 101.49, which requires clearance of 102.45 lower top and Fibonacci 61.8% of 103.07/101.19 descend, to confirm recovery action.


Res: 102.18; 102.45; 102.91; 103.07
Sup: 101.69; 101.49; 101.07; 100.81






AUDUSD

The pair maintains overall negative structure, as fresh acceleration off 0.9372 lower top of 06 Aug, posted new low at 0.9237, approaching strong 0.92 zone base. Brief upside attempts are expected to delay bears, which are aiming towards 0.92 higher base and 0.9180, Fibonacci 38.2% retracement of larger 0.8658/0.9503 bull phase, with loss of these supports expected to accelerate bears off 0.9503 peak. Near-term price action off 0.9237 low, was so far limited by 4-hour 20SMA, with more significant corrective action to be sparked on a break above 0.9372 lower top.

Res: 0.9285; 0.9320; 0.9372; 0.9415
Sup: 0.9237; 0.9200; 0.9180; 0.9165


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  #152 (permalink)  
Old 12-08-2014, 04:13 PM
WindsorBrokers WindsorBrokers is offline
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Default Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)

EURUSD

The Euro is at the back foot in the near-term, as the price moves lower after recovery rally stalled at 1.3431, short of 1.3443 pivotal top. Subsequent weakness, which broke below psychological 1.34 support, also Fibonacci 61.8% of 1.3316/1.3431 upleg, sees risk of further easing and possible retest of near-term base above 1.33 handle. Negative hourly studies support the notion, however, range trading will remain in play while the price holds within current boundaries, with overextended daily technicals suggesting extended consolidation and only break above 1.3343/49 lower top / Fibonacci 38.2% of larger 1.3639./1.3316 descend, to signal stronger recovery attempt. Penetration of strong 1.33 support zone, on the other side, is expected to resume broader weakness off 1.3392, 08 May peak and extend the third wave from 1.3699 lower top of 01 July, towards its 100% Fibonacci expansion at 1.3209.

Res: 1.3375; 1.3401; 1.3431; 1.3443
Sup: 1.3331; 1.3300; 1.3250; 1.3209






GBPUSD

Cable maintains negative tone and resumes larger downtrend, which was interrupted by 1.6764/94 consolidation, with psychological 1.68 support now acting as immediate resistance and keeping the upside attempts limited. Fresh weakness is looking for retest of 1.67 zone higher base, to complete the bull-leg from 1.67 to 1.7189. Break below 1.67 support to open 1.6650, 200SMA. Prevailing negative tone supports the notion, with consolidative actions expected to interrupt bears. On the upside, 1.68 offers solid resistance and sustained break here would delay bears for possible attempt at 1.6885 lower top and breakpoint.

Res: 1.6794; 1.6827; 1.6862; 1.6885
Sup: 1.6736; 1.6691; 1.6657; 1.6600





USDJPY

The pair regained traction on hourly chart studies, as the price action stabilizes above 102 handle and approaches pivotal 102.45 lower top and Fibonacci 61.8% of 103.07/101.49 descend. Break here is required to confirm higher low formation at 101.49 and open 103 zone for test. Daily studies are positive and support the notion, with close above 200SMA, to confirm. Psychological 102 support and higher low, also near daily cloud top, should stay intact to maintain the structure.

Res: 102.45; 102.91; 103.07; 103.42
Sup: 102.22; 102.00; 101.69; 101.49





AUDUSD

The pair maintains overall negative structure, as bearish acceleration off 0.9372 lower top of 06 Aug, posted new low at 0.9237, on approach to strong 0.92 zone base. Brief upside attempts are expected to delay bears, which are aiming towards 0.92 higher base and 0.9180, Fibonacci 38.2% retracement of larger 0.8658/0.9503 bull phase, with loss of these supports expected to accelerate bears off 0.9503 peak. Consolidative action off 0.9237 low, was so far limited under 0.9288, Fibonacci 38.2% of 0.9372/0.9237 downleg, with more significant corrective action to be sparked on a break above 0.9372 lower top.

Res: 0.9266; 0.9285; 0.9320; 0.9372
Sup: 0.9237; 0.9200; 0.9180; 0.9165


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  #153 (permalink)  
Old 18-08-2014, 03:53 PM
WindsorBrokers WindsorBrokers is offline
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Default Windsor Brokers - Short Term Technical Analysis for Majors (07:45 GMT)

EURUSD

The Euro ended the week in red, maintaining overall negative tone, with lower timeframes studies being in positive mode, as last Friday’s price action probed again above 1.34 barrier, with daily close occurring just ticks below daily highs. This keeps the upside favored in the near-term, however, sustained break above near-term range tops, just above 1.34 level, is required to confirm near-term bulls and spark stronger recovery action towards then next pivotal barrier at 1.3343, 01 Aug lower top. Hourly higher base at 1.3355 zone, should keep the downside protected, to maintain near-term bulls. Repeated failure above 1.34 barrier, however, would signal prolonged sideways trade, with increased downside risk expected on violation of 1.3355 support.

Res: 1.3398; 1.3414; 1.3431; 1.3443
Sup: 1.3379; 1.3355; 1.3334; 1.3300






GBPUSD

Cable overall picture remains bearish, as the pair closed in red for the sixth consecutive week, keeping the short-term downtrend intact for now. On the other side, first signals of reversal come from last Friday’s Doji candle, just above 200SMA, which holds for now and today’s gap-higher opening. Near-term price action is attempting to stabilize above 1.67 handle, with bounce so far having retraced over 38.2% of 1.6843/1.6657 descend and hourly studies being positively aligned. Further upside and break above the next significant barrier at 1.6755, previous low of 12 Aug, also near 50% retracement, looks favored for now and is required to further improve near-term structure for possible attempt at key 1.6843, regain of which to sideline short-term bears. Otherwise, risk of lower top formation, in case of stall under 1.6843, would be likely near-term scenario.

Res: 1.6733; 1.6755; 1.6771; 1.6800
Sup: 1.6712; 1.6675; 1.6655; 1.6600







USDJPY

The pair trades in near-term consolidative mode after fresh bulls posted new high at 102.70 and subsequent sharp pullback retested levels close to pivotal 102 support. Hourly studies turned negative, while 4-hour picture holds bullish tone, which is, along with positive daily studies, expected to keep bulls in play for renewed attempt higher, with regain and break above 102.70 hurdle, to open pivotal 103 barrier. Alternatively, loss of 102 handle to confirm near-term bearish stance and extend weakness off 102.70 high.


Res: 102.70; 102.91; 103.07; 103.42
Sup: 102.23; 102.12; 102.00; 101.69






AUDUSD

The pair holds steady in the near-term and consolidates last week’s gains which peaked at 0.9332. Pullback off 0.9332 was contained just under 0.93 handle at Fibonacci 38.2% of 0.9237/0.9332 upleg that keeps near-term bulls in play for now. Further gains require extension above key 0.9372, 06 June lower top, to confirm near-term base for stronger correction, which would sideline larger picture bears and delay final push towards strong support and base at 0.92 zone. Hourly technicals are neutral and 4-hour tone remains positive, with 0.93 support zone required to hold.

Res: 0.9332; 0.9356; 0.9372; 0.9400
Sup: 0.9307; 0.9296; 0.9273; 0.9254


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