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Old 06-06-2013, 04:42 PM
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Default Daily Analysis By WindsorBrokers

EUR/USD

The Euro picks up the pace at the beginning of European session and breaks above two-day congestion under 1.3100 barrier. Prevailing positive tone keeps the upside potential for full retracement of 1.3241/1.2795 descend in play, with interim barriers standing at 1.3136, Fib 76.4% retracement and psychological 1.3200, near 08 May high. Previous top at 1.3075, reinforced by hourly 20 day EMA, offers immediate support, ahead of psychological 1.3000, also 55 day EMA, where any dips should be ideally contained.

Res: 1.3136, 1.3193, 1.3200, 1.3241
Sup: 1.3100, 1.3075, 1.3042, 1.3000







GBP/USD

Cable continues to trend higher, as the latest upleg from 1.5270 higher low, cleared 1.5375/1.5400 hurdles and heads north. Immediate target lies at 1.5462, Fib 76.4% of 1.5603/1.5007 descend and is the lat barrier on the way towards 1.5600 zone, key near-term barrier and beginning of May highs. Near-term studies hold positive tone, however, overbought 1 and 4h reading may delay bulls in favor of corrective pullback. Previous barriers at 1.5400/1.5375, now offer initial supports.

Res: 1.5462, 1.5478, 1.5500, 1.5520
Sup: 1.5400, 1.5375, 1.5330, 1.5300











USD/JPY

The pair fully retraced near-term corrective phase from 98.85 that was capped at 100.40. Renewed weakness below 100.00 psychological support, sees increased downside risk for further extension of pullback from 103.72 high, with Fib 50% of 92.56/103.72 at 98.14, and psychological 98.00 support, seen on a break below 98.85 low. Consolidative phase is under way, with rallies expected to hold below 100.00 barrier and keep bears intact. Only break of 100.40 tops, would signal double-bottom and possible stronger recovery.

Res: 99.50, 99.85, 100.00, 100.40
Sup: 99.00, 98.85, 99.50, 99.14







AUD/USD

The remains under strong pressure, as fresh weakness emerged from the upside rejection at 0.9790, broke below previous low at 0.9527and posted fresh low at 0.9433. Larger bears from 1.0581 remain unobstructed for now and eye the next static support at 0.9382, October 2011 low, with interim support seen at 0.9400. Corrective bounce on oversold near-term studies, do not see much of the upside potential for now, with rallies expected to find solid resistance at 0.9550/0.9600 zone, before bears return to play.

Res: 0.9500, 0.9530, 0.9550, 0.9600
Sup: 0.9433, 0.9400, 0.9382, 0.9350


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Old 10-06-2013, 04:37 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro remains under pressure, as today’s gap-lower opening triggers fresh weakness that cracked initial supports of 55 day EMA and Fib 38.2% of 1.3052/1.3305 at 1.3180. Negative hourlies favor further downside, with the next support seen at 1.3150, 50% retracement. From the other side, positive tone dominates on 4h studies and sees limited corrective action that is expected to find ground above 1.3100, ahead of fresh bulls, as the pair remain in short-term uptrend off 1.2800 base. Clearance of initial barrier at 1.3230, is required to open last Friday’s high at 1.3284 and key resistance at 1.3305, for resumption of bulls from 1.2800.

Res: 1.3230, 1.3267, 1.3284, 1.3305
Sup: 1.3176, 1.3149, 1.3110, 1.3074








GBP/USD

Cable trades in a near-term corrective mode off last week’s fresh high at 1.5683. Reversal so far dented 1.55 support, where dips were contained by hourly 55 day EMA and 4h 20 day EMA. Break here would trigger stronger pullback towards 1.5425/00, Fib 38.2% of 1.5007/1.5683 / round figure support, possibly to 1.5350, 50% retracement, reinforced by 4h 55 day EMA, as 4h indicators are heading south, off overbought territory. Conversely, bounce through session high at 1.5560, would be initial signal of fresh strength, with regain of 1.5600 handle, required to confirm and re-focus 1.5683 peak / 1.5700, 200 day MA.

Res: 1.5560, 1.5616, 1.5683, 1.5700
Sup: 1.5487, 1.5425, 1.5400, 1.5345








USD/JPY

The pair continues to advance, extending bounce of Friday’s fresh low at 94.97. Overnight’s gap higher opening supports the notion, as the price heads towards initial resistance at 98.85, above which important 99.35, Fib 50% of 103.72/94.97 / 55 day EMA, is expected to come in focus. Hourly studies are positive and favor further upside, however, still negative 4h structure requires break above 99.35, to avert downside risk and open way for stronger recovery.

Res: 98.85, 99.00, 99.35, 100.00
Sup: 98.00, 97.70, 97.55, 97.15








AUD/USD

The pair remains under strong pressure, as price gapped lower nearly 10 pips on Monday’s opening and completed near-term 0.9430/0.9670 corrective phase. Fresh weakness threatens break below very strong support zone at 0.9400/0.9380, low of Oct 2011, loss of which would confirm an end of three-year congestion and spark stronger reversal of longer-term 2008/2011 0.6007/1.1079 rally. Session highs at 0.9456, offer initial resistance, while filling the overnight’s gap on a bounce above 0.9500 barrier would ease immediate bear pressure and allow for further consolidation.

Res: 0.9456, 0.9500, 0.9544, 0.9573
Sup: 0.9383, 0.9350, 0.9300, 0.9275


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Old 12-06-2013, 02:22 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro remains firm, following completion of near-term consolidative phase and fresh rally through previous peak at 1.3305 and 25 Feb high at 1.3317. Fresh bulls are looking for test of 1.3341, Fib 61.8% of larger 1.3710/1.2744 descend, next upside target and psychological 1.3400 barrier. However, extended 4h conditions warn of corrective easing, before bulls take control, with good supports standing at 1.3270, Fib 38.2% / hourly 55 day EMA and 1.3230, Fib 61.8% of 1.3176/1.3333 upleg. Only slide below 1.3200 and higher base at 1.3176, would delay bulls, in favor of deeper pullback.

Res: 1.3316, 1.3333, 1.3341, 1.3372
Sup: 1.3270, 1.3255, 1.3230, 1.3200







GBP/USD

Cable maintains positive near-term tone, after corrective pullback found support at 1.5500 zone. Fresh strength approaches strong resistance zone at 1.5683, 06 June high and 1.5700, 200 day MA, clearance of which is seen as a trigger for resumption of larger uptrend that commenced from 1.5000 base and could extend to 1.5774, Fib 100% expansion. Near-term technicals are positive an support further advance, however, possible hesitation ahead of 1.5700 barrier, cannot be ruled out, as 4h indicators are entering overbought territory. Previous consolidation to at 1.5600, offers initial support, while any stronger pullback should be contained above 1.55 area, to keep bulls intact.

Res: 1.5683, 1.5700, 1.5774, 1.5800
Sup: 1.5627, 1.5600, 1.5550, 1.5520










USD/JPY

The pair trades in a near-term corrective mode, followed to yesterday’s sharp fall that nearly fully retraced 94.97 / 99.27 rally on a slide to 95.58. The rally is seen as corrective, as near-term studies remain negative, with significant resistance at 97.42, 50% of 99.27/95.58 fall, reinforced by 55 day EMA, coming in focus. Lack of momentum sees risk of recovery stall and fresh weakness, for test of series of important supports, 95.58, 95.39, daily cloud base and key 94.97, break of which to resume bears off 103.72 peak. On the upside, key near-term barrier lies at 99.27 and only break here would improve short-term structure and allow for stronger corrective action.

Res: 97.00, 97.42, 97.86, 98.40
Sup: 96.22, 96.00, 95.58, 94.97







AUD/USD

The pair extends correction off yesterday’s fresh 3-years low at 0.9324, as recovery accelerated on regain of important 0.9500 barrier, 50% retracement of 0.9673/0.9324 fall. Monday’s gap has been filled that sees potential for further recovery. Positive hourly studies support the notion. However, larger picture bears remain in play, with significant barriers at 0.9672. 06 Jun high and 0.9790, 03 Jun high, break of which to signal stronger corrective action and sideline bears. Otherwise, scenario of lower top and fresh weakness would be likely, as the price cracked important, multi-year congestion floor at 0.9400/0.9380.

Res: 0.9573, 0.9600, 0.9621, 0.9672
Sup: 0.9480, 0.9414, 0.9376, 0.9324


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Old 13-06-2013, 04:15 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro continues to trend higher and hits levels close to 1.3400 barrier, on fresh acceleration at European opening. Bulls remain unobstructed and clearance of the latter to open next target and double Fibonacci level at 1.3482/88, 76.4% retracement of 1.3710/1.2744 descend and 138.2% expansion of the upleg from 1.2795. Corrective pullback may interrupt the rally, as near-term indicators are entering overbought zone, with immediate support at 1.3340, 23.6% of 1.3176/1.3389 / 20 day EMA and more significant 1.3305, previous high of 06 Jun / 55 day EMA, while violation of yesterday’s low at 1.3264, near 50% retracement, would signal deeper reversal and put bulls on hold.

Res: 1.3389, 1.3400, 1.3433, 1.3482
Sup: 1.3340, 1.3305, 1.3283, 1.3264






GBP/USD

Cable maintains positive near-term tone, with price action being congested at psychological / 200 day MA 1.5700 barrier. Hourly studies are losing traction, while bearish MACD/RSI divergence on 4h chart increases risk of pause in recent rally, in favor of further consolidative/corrective action towards initial support at 1.5632, yesterday’s low / 55 day EMA and 1.5620, Fib 38.2% of 1.5493/1.5700, where dips should be ideally contained. Otherwise, penetration through 1.5600, 50% retracement, would signal stronger correction towards key near term support and higher platform at 1.5500.


Res: 1.5700, 1.5750, 1.5774, 1.5800
Sup: 1.5632, 1.5620, 1.5600, 1.5572









USD/JPY

The pair remains under strong pressure, as fresh bearish acceleration was triggered on yesterday’s upside rejection at 97.00. The price surged through Ichimoku cloud base at 95.39 and previous low at 94.97 and also broke below 94.00 support, in a free-fall towards the next significant support and near-term targets at 92.56, 02 Apr low. Daily close below the cloud base is to confirm bearish structure, as studies on lower and larger timeframes are negative. Minor corrective rallies may interrupt bears, as studies are entering oversold territory, with previous lows at 95.00 zone, offering initial resistance.

Res: 94.43, 94.90, 95.12, 95.58
Sup: 93.78, 93.50, 93.00, 92.56






AUD/USD

Near-term correction off fresh 3-years low at 0.9324, was capped at 0.9562 and fresh slide to 0.9430, weakened hourly structure. The pair remains in a near-term corrective mode, but lack strength for more significant recovery, as technical of the larger timeframes are negative and 4h 55 day EMA limits the upside for now. As overall bears remain in play, downside risk will persist as long as important barriers at 0.9672 and 0.9790 stay intact. Only break above the latter would sideline bears and allow for stronger correction.


Res: 0.9500, 0.9540, 0.9573, 0.9600
Sup: 0.9427, 0.9414, 0.9380, 0.9324


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Old 17-06-2013, 02:22 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro trades in a near-term consolidative mode, with price action moving in a triangular-shape consolidation. Hourly studies are negatively aligned and keep the downside risk towards triangle support at 1.33 zone, also Fib 38.2% of 1.3176/1.3389 upleg. Break here would signal further correction and open Fibonacci 50%/61.8% supports at 1.3283/1.3257. Such scenario is also supported by descending 4h indicators and bearish divergence that may put near-term bulls on hold, once 1.3300 and range floor at 1.3277 is lost. Overall bulls, however, remain in play and see resumption of larger uptrend from 1.2800 higher base, towards 1.3400 an double Fibonacci resistances at 1.3480 zone, once the correction is completed.

Res: 1.3356, 1.3377, 1.3389, 1.3400
Sup: 1.3300, 1.3277, 1.3264, 1.3226








GBP/USD

Near-term bulls remain in play, as the pair bounced off last Friday’s correction low at 1.5615 and price approached recent peak at 1.5736. Positive hourly studies are supportive for bullish resumption that requires clear break above 1.5736, however, presence of 4h RSI / MACD bearish divergence, requires caution, as last Friday’s hanging man candle suggests hesitation under 1.5736 high. Initial signal of reversal will be seen on a slide below 1.5615/00 support, however, confirmation would require break below 55 day EMA at 1.5560, to focus higher platform at 1.5500.

Res: 1.5724, 1.5736, 1.5780, 1.5800
Sup: 1.5689, 1.5645, 1.5615, 1.5600






USD/JPY

The pair holds near-term consolidative mode, trading above fresh low at 93.97/78. The price remains under pressure, despite overnight’s bounce, as near-term studies are negative and see the current action limited. With 20 day EMA capping at 95.30, initial resistance, consolidation range top at 95.80 stays intact for now. Break here and psychological 96.00 barrier, would signal stronger correction, however, not much of recovery to be expected while the price holds below 99.00 breakpoint zone.

Res: 95.36, 95.79, 96.00, 96.53
Sup: 94.42, 94.00, 93.78, 93.50








AUD/USD

The pair remains in a near-term corrective phase and maintain positive tone, as the price consolidates within 0.9556/0.9664 range. With near-term technicals being positively aligned and price action underpinned by 20/55 day EMA’s bullish crossover, the upside remains favored for now, however, break above recent highs and congestion tops at 0.9664/72 is required to resume corrective rally off 0.9324 and open way towards key barrier at 0.9790. Alternative scenario sees rejection under 0.9664, as larger picture bars remain in play, with break below .9556, near-term range floor / 55 day EMA, to increase risk of double-top formation and fresh weakness.


Res: 0.9640, 0.9664, 0.9700, 0.9750
Sup: 0.9556, 0.9535, 0.9494, 0.9427


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Old 19-06-2013, 02:54 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro remains firm ahead of today’s FOMC release, in a renewed attempt above 1.3400 barrier. With brief consolidation off yesterday’s high at 1.3414 being contained by 20 day EMA at 1.3380 zone, the upside remains in near-term focus, as positive studies are supportive. Immediate target lies at 1.3433, 20 Feb high, ahead of more significant double-Fibonacci resistance at 1.3480 zone, 76.4% retracement of 1.3710/1.2744 / 138.2% expansion of the upleg from 1.2795. Corrective dips should be ideally contained at 1.3380/50 zone, to keep the structure intact.

Res: 1.3414, 1.3433, 1.3480, 1.3488
Sup: 1.3380, 1.3345, 1.3330, 1.3300








GBP/USD

Near-term structure weakened as the price broke below initial support at 1.5615, extending corrective pullback off 1.5751 high to 1.5564. Subsequent bounce to 1.5669, where 55 day EMA limited recovery, lacks momentum for extension towards 1.5700 zone, as hourly indicators are still in the negative territory. Increased risk of lower top would come on a slide below 1.5615, while regain of 1.5700 would bring bulls back in play. Caution is required as daily studies are starting to point lower and price returned below 200 day MA, with previous sessions double-Doji candles, suggesting possible hesitation of larger uptrend from 1.5000 base. Break below 1.5564/00 supports is required to confirm reversal, otherwise, clearance of 1.5700/51 would signal resumption of an uptrend.


Res: 1.5669, 1.5680, 1.5700, 1.5736
Sup: 1.5615, 1.5600, 1.5564, 1.5500







USD/JPY

The near-term structure improved, as the price eventually broke above 95.00, initial resistance, however, gains failed to regain next barrier at 95.79. Subsequent reversal risks violation of 95.00, now reverted to support, loss of which to signal and end of near-term corrective phase and confirm double-op formation. With 4h studies still in the negative territory, such scenario is seen likely, unless price breaks above 95.79 and 96.0, 55 day EMA that would give an initial signal of basing attempt.

Res: 95.65, 95.79, 96.00, 96.53
Sup: 95.00, 94.27, 94.00, 93.78








AUD/USD

The pair remains under pressure, as recovery rejection under 0.9672 barrier and fresh slide to 0.9430 zone, weakens the near-term structure. Increased risk exists of double-top formation and fresh weakness that would confirm an end corrective phase and re-expose fresh low at 0.9324. Bearish 20/55 day EMA’s crossover at 0.9550, offers solid resistance and break here would avert immediate downside risk. However, only lift above 0.9672 would provide relief and resume near-term corrective rally.


Res: 0.9550, 0.9570, 0.9600, 0.9640
Sup: 0.9435, 0.9400, 0.9324, 0.9300


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Old 20-06-2013, 06:24 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro remains in a free fall that commenced on yesterday’s repeated rejection at 1.3414 and accelerated post Fed. Losses were interrupted by overnight’s 1.320601.3300 correction, with fresh weakness under way and looking for test of 1.3200 and 1.3176 higher platform / Fib 38.2% of 1.2795/1.3414. Break here is required to confirm reversal and top at 1.34 zone, and open way for more significant correction of 1.28/1.34 upleg. Negative near-term studies keep the downside focused, with corrective bounces seen on oversold conditions. Overnight’s high at 1.3300 offers solid resistance, while only break above 1.3350 zone, would put bears on hold.

Res: 1.3260, 1.3300, 1.3320, 1.3350
Sup: 1.3200, 1.3176, 1.3104, 1.3052









GBP/USD

Cable remains under heavy pressure, as completion of 4h failure swing on a break below 1.5564 previous low, accelerated bears. Dips extended below 38.2% of 1.5007/1.5751 ascend at 1.5467 and heading towards psychological 1.5400 support and 1.5380, 50% retracement, next targets. Near-term bears are fully in play, with pause in descend, expected from oversold hourly studies. Previous base and support at 1.55, reinforced by falling 20 day EMA now offers good resistance, ahead of strong 1.5554/64 zone, 50% retracement of entire fall / 18 June low, expected to cap any stronger rally


Res: 1.5500, 1.5525, 1.5554, 1.5564
Sup: 1.5425, 1.5400, 1.5380, 1.5350








USD/JPY

The pair extends strong rally that commenced from 95.00 support, with brief pause seen under 97.00, yesterday’s high. Fresh acceleration that cleared next barrier at 98.00, looks for test of 98.75, 50% retracement of larger 103.72/93.78 fall and 99.00/27, round figure / 10 June high, on extension. Near-term technicals maintain firm bullish tone, with possible interruption in the rally to be triggered by overbought 1 and 4h chart conditions. Previous highs at 97.00 zone offer solid support and should contain any stronger pullback.

Res: 98.40, 99.00, 99.27, 99.80
Sup: 97.35, 97.00, 96.70, 96.20








AUD/USD

The pair remains under strong pressure, as sharp fall from yesterday’s upside rejection at 0.9555 accelerates below psychological 0.9200 support. Bears remain unobstructed and further extension lower would look for 0.9141, Fib 38.2% of larger 2008/2011 0.6007/1.1079 ascend and psychological 0.9100 support. Brief pauses in current fall, could be expected on oversold conditions, yet no signal of reversal being generated on near-term studies. Initial resistance reinforced by 20 day EMA, lies at 0.9300 zone, ahead of previous low at 0.9324.

Res: 0.9200, 0.9238, 0.9300, 0.9324
Sup: 0.9141, 0.9100, 0.9050, 0.9000


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Old 25-06-2013, 02:27 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro maintains negative sentiment, with extension of pullback from1.3414, below 1.3100, Fib 50% of 1.2795/1.3414, posting fresh three-week low at 1.3058. Consolidative /corrective phase is under way, with price attempting through the upper boundary of consolidation range, for test of initial resistance at 1.3160, and 1.3200, Fib 38.2% of 1.3414/1.3058 fall. Slightly improved hourly studies see some upside potential, however, larger picture’s negative structure keeps the downside favored, as long as 1.3253, last Friday’s high stays intact. Bearish resumption below 1.3058, to open 1.3031, Fib 61.8% and psychological 1.3000 support next.

Res: 1.3160, 1.3200, 1.3236, 1.3253
Sup: 1.3100, 1.3058, 1.3031, 1.3000








GBP/USD

Near-term recovery phase off fresh low at 1.5342, retraced 61.8% of 1.5528/1.5342 downleg, at 1.5460 zone, where gains were capped. Positive hourly structure sees potential for further recovery towards more significant 1.5500 barrier, Fib 38.2% of 1.5751/1.5342 slide and 1.5528, last Friday’s high, however, prevailing negative tone on 4h chart would keep the downside at risk, as long as the price holds below initial 1.5500 barrier. Initial support lies at 1.5425 and is reinforced by 20 day EMA, with break here and psychological 1.5400 level, to hint lower top formation and fresh weakness towards 1.5342 and possible bearish resumption towards 1.5300 zone, initial target and Fib 61.8% of 1.5007/1.5751 ascend.


Res: 1.5464, 1.5500, 1.5528, 1.5564
Sup: 1.5425, 1.5400, 1.5367, 1.5342










USD/JPY

The pair is trading in near-term consolidative mode, after extending rally from 93.78 to 98.69, near 50% of 103.72/93.78 descend. Hourly studies are weak, as the price hovers close to the range floor, however, more constructive 4h technicals see potential for further recovery, as the price is supported by 20 day EMA and 20/55 bullish crossover, with 96.85 expected to hold. Immediate targets lay at 99.00 and 99.27, 10 June high, break of which to confirm bottom at 93.78 and open way towards psychological 100 barrier, also Fib 61.8% of 103.72/93.78. Alternative scenario sees increased downside risk on violation of 96.85 support, with 96.23, 50% of recovery rally and 96.00, round figure support, expected to come in focus once 96.85 is cleared.

Res: 98.05, 98.30, 98.69, 99.00
Sup: 97.20, 97.00, 96.85, 96.23








AUD/USD

The pair trades in a near-term consolidative mode, after fresh extension of larger downtrend, posted new low at 0.9146. With the upside being limited at 0.9300 and near-term studies negatively aligned, fresh extension lower and test of next target at 0.9100, would be likely near-term scenario. Conversely, lift above 0.9300 and 0.9324, 11 June low, would delay bears in favor of possible stronger corrective action towards 0.9400/30, next resistance zone. However, overall bearish tone, do not see potential for more significant recovery action for now.

Res: 0.9300, 0.9324, 0.9354, 0.9400
Sup: 0.9200, 0.9146, 0.9100, 0.9050


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Old 09-07-2013, 01:45 PM
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EURUSD

The Euro trades in a consolidative mode, off fresh low at 1.2805, posted last Friday and ended Monday’s trading in a positive tone. Recovery rally is so far capped at 1.2880 zone, Fibonacci 38.2% of 1.3016/1.2805 descend / hourly linear regression channel upper line. Hourly studies are positively aligned and see potential for stronger correction above 1.2911, 50% retracement and pivotal 1.2930 zone, 61.8% / 03/07 low; 04/07 high. However, prevailing negative tone on 4-hour chart, sees the recovery limited for now. On the downside, 1.2800 zone offers initial support and guards key 1.2750 double-bottom and annual low.


Res: 1.2911; 1.2935; 1.2966; 1.3000
Sup: 1.2845; 1.2805; 1.2795; 1.2780






GBPUSD

Cable corrects recent losses that bottomed at 1.4856 last Friday, with basing attempt under way. Break above 1.4900 barrier, gives more credibility to the support, however, regain of minimum 1.5000 handle is required to signal base, while confirmation requires extension to 1.5080, 50% retracement of 1.5303/1.4856 / 04/07 lower platform. Improved hourly studies are supportive for further recovery, while 4-hour indicators hold well in the negative territory and see limited upside prospect. Larger picture bears see scope for final push lower, to fully retrace larger 1.4830/1.5751 bull-phase, with break lower to target psychological 1.4800 support and 1.4793, Fibonacci 161.8% expansion of the down leg from 1.5751.

Res: 1.5000; 1.5027; 1.5080; 1.5100
Sup: 1.4919; 1.4871; 1.4856; 1.4830











USDJPY

Dollar/yen consolidates gains that peaked at 101.52, with pullback being so far contained 100.80 zone, daily cloud top / hourly 55 DMA. Overall positive tone keeps the upside in focus, with any further easing, expected to hold above psychological 100 support, to keep bulls intact. Upside targets remain at 101.52 and 102.00/56.

Res: 101.52; 101.79; 102.00; 102.56
Sup: 100.84; 100.65; 100.40; 100.00





AUDUSD

The pair remains within 0.9035/0.9179 consolidative range, as bears found ground at 0.9035 and price bounces. As recovery rally from 0.9035 extends above 0.9100 barrier, scope is seen for possible test of key short-term hurdle at 0.9179. Break here is required to confirm double-bottom formation and to spark stronger recovery above 0.9200. Positive hourly studies, with 4-hour indicators in heading north, support the notion. Downside should stay protected at 0.9100, to keep freshly established bulls in play.

Res: 0.9179; 0.9200; 0.9225; 0.9252
Sup: 0.9100; 0.9081; 0.9035; 0.9000


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Old 10-07-2013, 03:13 PM
WindsorBrokers WindsorBrokers is offline
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Default Short Term Technical Analysis for Majors (07:00 GMT)

EURUSD

The Euro ended Tuesday’s trading in red after breaking below 1.2795 support and posting fresh low at 1.2754, where weekly Ichimoku cloud base contained dips, just ahead of key 1.2750/44 support. Eventual push below the latter that also marks multi-month platform, is required to complete weekly Head and Shoulders pattern that would trigger more significant losses, with round figure 1.2700 support and 1.2660, November 2012 low, seen as next targets. Consolidative actions may precede fresh weakness, as technical hold firm bearish tone, with 1.2800/50 zone expected to cap. Only lift above 1.29 barrier would ease immediate bear pressure.


Res: 1.2800; 1.2850; 1.2880; 1.2900
Sup: 1.2777; 1.2754; 1.2744; 1.2700






GBPUSD

Cable broke below the last obstacle at 1.4830, 12/03 low and posted fresh annual low on a dip to 1.4812 so far. Hesitation ahead of psychological 1.4800 support, is seen likely, with key barriers at 1.4980/1.5000 protecting the upside. Bearish resumption below 1.4800, sees no significant obstacles en-route towards 1.4345/1.4230, Jun / May 2010 lows and short-term targets.

Res: 1.5910; 1.4980; 1.5000; 1.5057
Sup: 1.4919; 1.4871; 1.4856; 1.4830







USDJPY

Sort-term structure weakened, as the price broke below 100.75, two-day consolidation range and cracked the next support at 100.40, 50% retracement of 99.25/101.52 upleg. Negative hourly studies keep the downside in focus, however, reversal above 100.00 support, would keep broader bulls in play for fresh attempt higher. Conversely, loss of 100 handle is expected to sideline bulls and allow for stronger correction.

Res: 100.75; 101.00; 101.29; 101.52
Sup: 100.28; 100.00; 99.48; 99.25





AUDUSD

The pair extended short-term recovery rally from 0.9035 base after clearing previous strong barrier at 0.9179. Short-term price action gets congested at 0.9200 barrier, as the price fails to break higher and enters consolidative mode. Short-term bulls would remain intact while range bottom at 0.9130 zone holds and would look for further recovery towards 0.9250, 01/07 high and 0.9300, 50% of 0.9555/0.9035.

Res: 0.9225; 0.9252; 0.9270; 0.9343
Sup: 0.9130; 0.9100; 0.9081; 0.9035

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