Windsor Brokers - Short Term Technical Analysis for Majors

[WindsorBrokers]

EUR/USD

Remains well supported, following last Friday’s lower rejection at 1.3529. Market tested 1.3700 today, ahead of key 1.3735 resistance. However, market continues to trade within 1.3433/1.3735 consolidation range. Overbought conditions now see scope for correction, with 1.3625 offering initial support, ahead of 1.3529, loss of which weakens near-term outlook. Early lower rejection, however, returns 1.3700/25 test in focus.

Res: 1.3703, 1.3711, 1.3735, 1.3789
Sup: 1.3625, 1.3590, 1.3550, 1.3529

GBP/USD

Continues to trend higher off 1.4780, 01 Mar low, with Friday’s clearance of 1.5075, trendline resistance, extending gains to 1.5194 so far, retracing over 38.2% of 1.5814/1.4780 downleg. Potential is seen for an upside extension towards 1.5300/45, where a lower top is seen ahead of fresh weakness. Only regain of 1.5525/75 zone to neutralize medium-term bears.

Res: 1.5230, 1.5265, 1.5296, 1.5316
Sup: 1.5120, 1.5075, 1.5004, 1.4990

USD/JPY

Last week’s bullish engulfing candle pattern has opened way for current rally, reaching 90.67 high so far, just above 61.8% retrace of 92.13-88.13 downleg. Correction lower now under way, with 89.50/45, key support, expected to contain dips, ahead of fresh push higher, and clearance of 90.67 to focus 91.30, 23 Feb high. Loss of 90.45, howvere, weakens the tone.

Res: 90.67, 90.85, 91.10, 91.30
Sup: 89.98, 89.45, 89.25, 88.96

USD/CHF

Continues broader consolidation between a 1.0646/1.0898 band, following earlier near-term strength. Friday’s upside rejection at 1.0808, now turns focus downside, for test of 1.0646, with break there to open fresh weakness to 1.0607. Upside, regain of 1.0898 is needed to resume the uptrend.

Res: 1.0745, 1.0760, 1.0808, 1.0828
Sup: 1.0667, 1.0646, 1.0630, 1.0607

 

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[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (15:30 GMT)

EUR/USD

Remains well supported, following last Friday’s lower rejection at 1.3529. Market tested 1.3700 today, ahead of key 1.3735 resistance. However, market continues to trade within 1.3433/1.3735 consolidation range. Correction reached 1.3625 today, though, risk of failure under 1.3700 persists, seeing scope for lower top, ahead of decline, and under 1.3625 to focus 1.3529.

Res: 1.3690, 1.3703, 1.3735, 1.3789
Sup: 1.3625, 1.3590, 1.3550, 1.3529

GBP/USD

Continues to trend higher off 1.4780, 01 Mar low, with Friday’s clearance of 1.5075, trendline resistance, extending gains to 1.5194 so far, retracing over 38.2% of 1.5814/1.4780 downleg. Potential is seen for an upside extension towards 1.5300/45, where a lower top is seen ahead of fresh weakness. Only regain of 1.5525/75 zone to neutralize medium-term bears.

Res: 1.5195, 1.5230, 1.5265, 1.5296
Sup: 1.5092, 1.5075, 1.5004, 1.4990

USD/JPY

Last week’s bullish engulfing candle pattern has opened way for current rally, reaching 90.67 high so far, just above 61.8% retrace of 92.13-88.13 downleg. Correction lower now under way, with 89.50/45, key support, expected to contain dips, ahead of fresh push higher, and clearance of 90.67 to focus 91.30, 23 Feb high. Loss of 90.45, however, weakens the tone.

Res: 90.67, 90.85, 91.10, 91.30
Sup: 89.98, 89.45, 89.25, 88.96

USD/CHF

Extends broader consolidation between a 1.0646/1.0898 band, following earlier near-term strength. Friday’s upside rejection at 1.0808, now turns focus downside, for test of 1.0646, with break there to open fresh weakness to 1.0607. Upside, regain of 1.0898 is needed to resume the uptrend.

Res: 1.0745, 1.0760, 1.0808, 1.0828
Sup: 1.0667, 1.0646, 1.0630, 1.0607

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (09:45 GMT)

EUR/USD

Extends decline, after an upside attempt stalled at 1.3703 yesterday, with 1.3578 being reached thus far. Risk is seen for further pullback, targeting 1.3529, last Friday’s low, break of which will re-focus 1.3433 key support. However, the pair remains in a 1.3433/1.3735 range, with break of either side to establish the direction.

Res: 1.3640, 1.3690, 1.3703, 1.3735
Sup: 1.3550, 1.3529, 1.3485, 1.3433

GBP/USD

Yesterday’s rejection at 1.5194 has signaled the completion of the first corrective leg off 1.4780 low, with reversal now under way. However, while 1.4780 holds, scope exists for renewed attempt through 1.5194 towards 1.5345 zone, for creation of lower top. Loss of 1.4780 to continue underlying downtrend.

Res: 1.5085, 1.5112, 1.5167, 1.5194
Sup: 1.4940, 1.4885, 1.4855, 1.4780

USD/JPY

Sharp rally off 88.13 has ran out of steam at 90.67 yesterday, with immediate pullback followed. Today’s break below 60 day MA at 89.98 now confirms near-term bears and risks deeper reversal, as over 38.2% of the original move already been retraced. Next levels seen at 89.40, then 89.11/88.97, while only push above 90.10/50 improves.

Res: 90.10, 90.50, 90.67, 91.10
Sup: 89.40, 89.25, 89.11, 88.97

USD/CHF

Continues to firm off 1.0673, yesterday’s higher low, clearing now trendline resistance at 1.0760. Current bias favors further gains towards upper levels of the broader 1.0645 to 1.0898 consolidation range. Underlying structure, however, remains positive, while 1.0673 holds.

Res: 1.0808, 1.0828, 1.0898, 1.0940
Sup: 1.0724, 1.0673, 1.0645, 1.0630

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (09:15 GMT)

EUR/USD

Maintains negative near-term tone. Yesterday’s attempt at 1.3529, 05 Mar pivot, reached 1.3536, before bouncing to mark a possible lower top at 1.3615. Break below 1.3536/22 support zone would direct the market towards lower levels of 1.3433/1.3789 band.

Res: 1.3615, 1.3640, 1.3690, 1.3703
Sup: 1.3529, 1.3513, 1.3485, 1.3443

GBP/USD

Continues to trend lower, focusing 1.4853/1.4780 lows. However, as long as the latter holds, possibility for attempt higher towards 1.5345 zone is not ruled out. Early break under 1.4780 range bottom, would trigger fresh weakness towards 1.4396, 22 Apr 09 low.

Res: 1.5026, 1.5085, 1.5112, 1.5167
Sup: 1.4885, 1.4855, 1.4833, 1.4780

USD/JPY

Recovery phase from 88.13, 04 Mar low, peaked at 90.67 high on 08 Mar, before yesterday’s relapse to 89.62. Minor rejection here suggests possible scope for push above 90.67 to target 91.30, 23 Feb high. Loss of 89.62/40, however, would bring test of 88.14 back in focus.

Res: 90.50, 90.67, 91.30, 91.63
Sup: 89.62, 89.40, 89.25, 89.11

USD/CHF

Continues to firm within broad 1.06451.0898 near-term consolidation band. Momentum supports immediate bull structure for a test on 1.0802/08 (09/05 Mar highs, with potential break there to focus 1.0889/98 next. 1.0720/40 zone underpins advance for now.

Res: 1.0808, 1.0828, 1.0898, 1.0940
Sup: 1.0722, 1.0673, 1.0645, 1.0630

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (09:45 GMT)

EUR/USD

Remains in a range trade, with yesterday’s bounce just above 1.3529 support, seeing fresh attempt at 1.3675, trendline resistance. Clear break there would open way towards 1.3703/35 higher levels of the range.

Res: 1.3680, 1.3690, 1.3703, 1.3735
Sup: 1.3595, 1.3575, 1.3543, 1.3529

GBP/USD

Extends bounce from 1.4871, yesterday’s higher low, currently probing 1.5014 resistance, ahead of possible attempt at 1.5194, 08 Mar high. Break there is required to resume near-term recovery towards 1.5315/35. Failure under 1.5194, however, risk lower top for fresh weakness, though, while 1.4880/70 holds, near-term tone remains positive.

Res: 1.5014, 1.5068, 1.5112, 1.5167
Sup: 1.4945, 1.4920, 1.4871, 1.4780

USD/JPY

Recovery phase off 88.13, 04 Mar low, extends from the swing low at 89.63, confirmed by the latest break above 90.67, 08 Mar high to reach 90.81 thus far. Further strength targets 91.30 then 91.90. Only loss of 89.62/45 would pivot market back to test 88.14.

Res: 90.81, 91.00, 91.30, 91.45
Sup: 90.15, 89.80, 89.62, 89.45

USD/CHF

Upside attempt failed just under 1.0802, with fresh weakness now threatening 1.0683/73, break of which will expose 1.0645, range low, then 1.0607, 09 Feb low. To avoid immediate downside risk, minimum 1.0808 must me regained. This would open way for further recovery towards 1.0930/1.1020.

Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (15:00 GMT)

EUR/USD

Remains in a range trade, with yesterday’s bounce just above 1.3529 support, seeing fresh attempt at 1.3675, trendline resistance. Clear break there would open way towards 1.3703/35 higher levels of the range.

Res: 1.3680, 1.3690, 1.3703, 1.3735
Sup: 1.3620, 1.3595, 1.3575, 1.3543,

GBP/USD

Extends bounce from 1.4871, yesterday’s higher low, currently probing 1.5014 resistance, ahead of possible attempt at 1.5194, 08 Mar high. Break there is required to resume near-term recovery towards 1.5315/35. Failure under 1.5194, however, risk lower top for fresh weakness, though, while 1.4880/70 holds, near-term tone remains positive.

Res: 1.5068, 1.5112, 1.5167, 1.5205
Sup: 1.4920, 1.4871, 1.4855, 1.4780

USD/JPY

Recovery phase off 88.13, 04 Mar low, extends from the swing low at 89.63, confirmed by the latest break above 90.67, 08 Mar high to reach 90.81 thus far. Further strength targets 91.30 then 91.90. Only loss of 89.62/45 would pivot market back to test 88.14.

Res: 90.81, 91.00, 91.30, 91.45
Sup: 90.15, 89.80, 89.62, 89.45

USD/CHF

Upside attempt failed just under 1.0802, reversing back to 1.0680 support zone.Clear break there will expose 1.0645, range low, then 1.0607, 09 Feb low. To avoid immediate downside risk, minimum 1.0808 must me regained. This would open way for further recovery towards 1.0930/1.1020.

Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (09:00 GMT)

EUR/USD

Fresh strength has emerged from 1.3620 support, clearing 1.3678/1.3703 resistance zone, en-route to 1.3787, possibly to test 1.3798, range upper limit. Break there is required to resume recovery and expose 1.3838, then 1.3886, 09 Feb high / 02 Feb low.

Res: 1.3735, 1.3787, 1.3798, 1.3838
Sup: 1.3678, 1.3654, 1.3620, 1.3595

GBP/USD

Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, now focusing 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

Res: 1.5135, 1.5194, 1.5210, 1.5235
Sup: 1.5024, 1.5013, 1.4990, 1.4920

USD/JPY

Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs respectively, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.33/20 supports immediate advance.

Res: 90.73, 90.81, 91.00, 91.30
Sup: 90.31.90, 15, 89.80, 89.62

USD/CHF

Fresh weakness off 1.0810 lower top have tripped 1.0647/48 lows, highlighting current area top pattern breakout to risk initial 1.0609. Back over 1.0810, however, will suggest current consolidation instead.

Res: 1.0740, 1.0752, 1.0787, 1.0808
Sup: 1.0673, 1.0645, 1.0630, 1.0607

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (15:15 GMT)

EUR/USD

Fresh strength has emerged from 1.3620 support, rallying sharply through 1.3735/87 resistance zone, to test 1.3798 range ceiling, ahead of corrective pullback. This now confirms near-term corrective base, for fresh push towards 1.3838, possibly 1.3886 on a break.

Res: 1.3798, 1.3838, 1.3900, 1.3914
Sup: 1.3735, 1.3705, 1.3685, 1.3654

GBP/USD

Continues to trend higher after finding support at 1.4871 higher low, with the latest strong rally, reaching 1.5171, ahead of key 1.5194, 08 Mar high. Break there will increase possibilities for attempt towards 1.5345, while early rejection risks lower top instead.

Res: 1.5194, 1.5210, 1.5235, 1.5265
Sup: 1.5070, 1.5024, 1.5013, 1.4990

USD/JPY

Remains constructive off 88.13, 04 Mar low. Consolidation under 90.75/83, 12/10 Mar highs, is forming a likely continuation for an extension higher to test 91.35, falling trendline drawn off 93.75. 90.16 now underpins the advance.

Res: 91.35, 91.90, 92.16, 92.45
Sup: 90.31.90, 16, 89.80, 89.62

USD/CHF

Broke below 1.0647, 17 Feb low, to probe below 1.0607, 09 Feb low, extending losses to 1.0575, over 38.2% retracement of 1.0130/1.0897. Further declines seek 1.0515, 50% retracement. Only break above 1.0697 today's high, would delay for 1.0803/08, 09/05 Mar peaks.

Res: 1.0646, 1.0676, 1.0697, 1.0729
Sup: 1.0541, 1.0515, 1.0497, 1.0477

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)

EUR/USD

Extended reversal up-swing off 1.3536, 09 Mar low, to reach 1.3795 high on Friday, ahead of current corrective reversal. This suggests fresh recovery towards 1.3840, 09 Feb high, then 1.3868, 38.2% retracement of 1.4580/1.3433 downleg. 1.3705/1.3678 supports and break there would question recovery strength.

Res: 1.3798, 1.3803, 1.3838, 1.3868
Sup: 1.3705, 1.3678, 1.3654, 1.3620

GBP/USD

Extended gains off 1.4871 higher low, to reach 1.5217 on Friday. Today’s sharp reversal through 1.5120/1.5087 supports now question further strength and seeks for further weakness through 1.5065, targeting 1.5024/13 next. However, while 1.4945/05 hold, scope exists for fresh push higher.

Res: 1.5120, 1.5155, 1.5194, 1.5217
Sup: 1.5024, 1.5013, 1.4990, 1.4945

USD/JPY

Remains constructive off 88.13, 04 Mar low, reaching 91.08 high so far. Friday’s lower rejection at 90.16 now underpins for fresh attempt on 91.29, trendline resistance, with break there to open 91.90/92.16. Downside, loss of 90.16 risks a return to 89.62, 09 Mar low.

Res: 91.08, 91.35, 91.90, 92.16
Sup: 90.31.90, 16, 89.80, 89.62

USD/CHF

Broke below 1.0647, 17 Feb low, to probe below 1.0607, 09 Feb low, extending losses to 1.0575, over 38.2% retracement of 1.0130/1.0897. Further declines seek 1.0515, 50% retracement. Only regain of 1.0697, would delay for 1.0803/08, 09/05 Mar peaks.

Res: 1.0646, 1.0676, 1.0697, 1.0729
Sup: 1.0541, 1.0515, 1.0497, 1.0477