Short Term Technical Analysis for Majors (08:15 GMT)

Discussion in 'General Tax Discussion' started by WindsorBrokers, Sep 29, 2010.

  1. WindsorBrokers

    WindsorBrokers

    Joined:
    Aug 24, 2010
    Messages:
    70
    EUR/USD
    Clearance of 1.3510 barrier yesterday has triggered a continuation of the short-term uptrend, with today’s lift above 1.3600, now looking for test of 1.3690, 12 Apr high. Hourly studies, however, are approaching overbought zone, warning of correction. Previous high at 1.3504, now reverted to support, offers immediate support.

    Res: 1.3637, 1.3690, 1.3730, 1.3741
    Sup: 1.3554, 1.3520, 1.3504, 1.3493

    [​IMG]



    GBP/USD

    Yesterday’s upside rejection at 1.5894 has triggered sharp reversal into 1.5700 zone, ahead of recovery attempt. While 1.5894 hold, scope is seen for a stronger correction and below 1.5717, yesterday’s low, to confirm lower top at 1.5894. Above 1.5894, however, would bring 1.5997 in focus.

    Res: 1.5873, 1.5894, 1.5910, 1.5997
    Sup: 1.5780, 1.5740, 1.5728, 1.5717

    [​IMG]



    USD/JPY

    Continues to further retrace the latest 82.86/85.92 upleg, after yesterday’s break below 84.10 former low tested 83.55, 76.4% retracement level. This would attract 82.86 for retest, while 84.07/33 zone caps for now.

    Res: 84.07, 84.33, 84.46, 84.75
    Sup: 83.49, 83.34, 83.20, 82.86

    [​IMG]



    USD/CHF

    Yesterday’s sharp fall off 0.9876 has ended the narrow consolidation period, extending decline off 1.0181 lower top to fresh low at 0.9732 today. Market now looks for test of the all-time low at 0.9630. Upside, 0.9876/98 zone is now seen as key near-term resistance.

    Res: 0.9777, 0.9815, 0.9844, 0.9876
    Sup: 0.9700, 0.9630, 0.9600, 0.9575

    [​IMG]
     
    WindsorBrokers, Sep 29, 2010
    #1
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