Windsor Brokers - Short Term Technical Analysis for Majors

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)

EUR/USD

Corrective rally from 1.3266, 25 Mar low, broke through important 1.3433/60/74 resistances, reached fresh high at 1.3505 today, to retrace between 38.2% and 50% of 1.3816/1.3266 downleg. 1.3540/70 now seen as key resistance, with potential break there to spark further recovery towards 1.3605, 61.8% retracement. Downside loss of 1.3345 weakens recovery phase for 1.3267 and below.

Res: 1.3489, 1.3505, 1.3540, 1.3570
Sup: 1.3415, 1.3380, 1.3345, 1.3322

GBP/USD

Extended recovery from 1.4797, 25 Mar low, to dent 1.5011, trendline resistance, with 1.5018 being reached so far. 1.5087, 50% retracement of 1.5380/1.4797 descend and 1.5111, 23 Mar high, offer resistance. However, lower top under 1.5380 would resume broader downtrend and expose 1.4797 first, ahead of key 1.4780 low.

Res: 1.5018, 1.5087, 1.5111, 1.5165
Sup: 1.4878, 1.4845, 1.4824, 1.4797

USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.29/91.75 zone underpins.

Res: 92.94, 93.09, 93.39, 93.75
Sup: 92.29, 92.13, 91.75, 91.50

USD/CHF

Reversal 1.0749, 25 Mar high, spiked lower to reach 1.0575 overnight, ahead of bounce to 1.0688. Fresh dips are now possible, but only break below key 1.0545 to trigger near-term weakness. Upside clearance of 1.0688/1.0702, however, would firm for 1.0749 and higher.

Res: 1.0688, 1.0702, 1.0722, 1.0749
Sup: 1.0579, 1.0575, 1.0545, 1.0505

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has cleared 1.3505, yesterday’s peak, en-route to 1.3540, 50% of 1.3816/1.3266 downleg and key 1.3570 lower ceiling. 1.3433/15 offer initial support, while loss of 1.3375/45 to end recovery phase and focus 1.3266.

Res: 1.3489, 1.3505, 1.3540, 1.3570
Sup: 1.3540, 1.3570, 1.3605, 1.3630

GBP/USD

Continue to correct 1.5380/1.4797 downleg, with today’s clearance of 1.5018 high, now approaching 1.5087, 50% retracement. Above there, 1.5145, trendline resistance is a key level and potential break there to resume correction and open 1.5111 next. Regain of 1.5380, however, is required to neutralize bears. 1.4975/55 offer initial support, ahead of key 1.4890, yesterday’s low.

Res: 1.5087, 1.5111, 1.5165, 1.5204
Sup: 1.5018, 1.4975, 1.4955, 1.4890

USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.11/91.75 zone underpins.

Res: 92.71, 92.96, 93.09, 93.39
Sup: 92.11, 91.75, 91.50, 91.33

USD/CHF

Reversal 1.0749, 25 Mar high, has so far found support at 1.0585/75, trendline support, with further dips to 1.0557 not ruled out, but loss of key 1.0545 to trigger near-term weakness. Upside clearance of 1.0661 to firm the tone for 1.0749 test.

Res: 1.0661, 1.0688, 1.0702, 1.0722
Sup: 1.0585, 1.0575, 1.0545, 1.0505

 

[WindsorBrokers]

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3436, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Current pullback now attempts at 1.3433 support and possible break under 1.3417 to confirm lower top, ahead of fresh weakness, focusing 1.3266. Early downside rejection, however, would keep near-term bulls in play, though, clearance of key 1.3570 is required to resume recovery.

Res: 1.3540, 1.3570, 1.3605, 1.3640
Sup: 1.3433, 1.3417, 1.3377, 1.3344

GBP/USD

Continue to correct 1.5380/1.4797 downleg, with today’s clearance of 1.5018/1.5111 barriers, now focusing 1.5145, trendline resistance. Break there is required to resume correction towards 1.5215/54, ahead of possible attempt at key 1.5380 high. 1.5017/1.4975 offers support.

Res: 1.5145, 1.5156, 1.5165, 1.5204
Sup: 1.5018, 1.4975, 1.4955, 1.4890

USD/JPY

Remains in consolidation mode, following break through 91.74, two years falling trendline and 92.13, previous high, to reach 92.94 high on 25 Mar. Focus remains on 93.09/75, 50% retracement of the broader 101.43/84.80 decline, 92.11/91.75 zone underpins.

Res: 92.96, 93.09, 93.39, 93.75
Sup: 92.11, 91.75, 91.50, 91.33

USD/CHF

Reversal 1.0749, 25 Mar high, has so far found support at 1.0585/75, trendline support, with further dips to 1.0557 not ruled out, but loss of key 1.0545 to trigger near-term weakness. Upside clearance of 1.0661 is needed to firm the tone for 1.0749 retest.

Res: 1.0661, 1.0688, 1.0702, 1.0722
Sup: 1.0585, 1.0575, 1.0545, 1.0505

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3536, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Reversal off 1.3536 has so far reached 1.3383, ahead of 1.3370, 61.8% retracement of 1.3266/1.3436 upleg. Current softened tone now favors further weakness through 1.3383 to focus 1.3344, with possible retest of 1.3266 on a break. Only regain of 1.3536 would provide relief and target 1.3570, key lower ceiling.

Res: 1.3437, 1.3451, 1.3487, 1.3536
Sup: 1.3383, 1.3370, 1.3344, 1.3266

GBP/USD

Continue to correct 1.5380/1.4797 downleg, to extend gains to 1.5125 high, posted yesterday. Shallow pullback followed, with positive structure now seeking for 1.5123, trendline resistance, then of 1.5156, 61.8% retracement of 1.5380/1.4797 decline, ahead of possibly forming lower top.


Res: 1.5123, 1.5145, 1.5156, 1.5165
Sup: 1.5042, 1.5018, 1.4975, 1.4955

USD/JPY

Yesterday’s completion of a bull flag has triggered a continuation of near-term uptrend, with clearance of 92.94, current range ceiling, extending gains to 93.59 thus far. Further, 93.75, 08 Jan 2010 high is now key and clearance there would attract 94.05, 28 Aug 09 high. 92.74 offer immediate support and only below 92.11 to delay immediate bulls.

Res: 93.59, 93.75, 94.05, 94.30
Sup: 93.02, 92.74, 92.45, 92.11

USD/CHF

Pullback off 1.0749, 25 Mar high, spiked lower at 1.0575 on 29 Mar. A key higher low was then posted at 1.0585 on 30 Mar, also marking a trendline support, and the bounce has broken a trendline drawn off 1.0749. This signals further recovery through 1.0688 to challenge 1.0720, trendline off 1.0887.

Res: 1.0688, 1.0702, 1.0720, 1.0752
Sup: 1.0611, 1.0585, 1.0575, 1.0545

 

[WindsorBrokers]

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

EUR/USD

Corrective rally from 1.3266, 25 Mar low, has so far been capped by 1.3536, just ahead of 1.3540, 50% retracement of 1.3816/1.3266 downleg. Reversal off 1.3536 reached 1.3383 low today, ahead of fresh strength. Break through is required to resume recovery to attempt at key 1.3570 level. Early upside rejection, however, risks lower top ahead of fresh weakness. 1.3383/44 offer initial support, while loss of 1.3266 would continue a broader downtrend.

Res: 1.3536, 1.3540, 1.3570, 1.3605
Sup: 1.3383, 1.3370, 1.3344, 1.3266

GBP/USD

Extended correction of the 1.5380/1.4797 downleg, breaking through 1.512365, trendline resistance/19 Mar high, to retrace over 61.8% at 1.5185 today. Positive hourly studies see scope for further gains towards 1.5215/55, with correction on oversold conditions expected to precede the fresh upleg. 1.5042/18 support for now.


Res: 1.5185, 1.5215, 1.5255, 1.5278
Sup: 1.5042, 1.5018, 1.4975, 1.4955

USD/JPY

Yesterday’s completion of a bull flag has triggered a continuation of near-term uptrend, with clearance of 92.94, current range ceiling, extending gains to 93.59 thus far. Correction is now under way, ahead of fresh push higher, with 93.75, 08 Jan 2010 high now seen key. Break above the latter there would attract 94.05, 28 Aug 09 high. 92.74 offer immediate support and only below 92.11 to delay immediate bulls.

Res: 93.59, 93.75, 94.05, 94.30
Sup: 92.74, 92.45, 92.11, 91.75

USD/CHF

Rally from 1.0585, yesterday’s higher low, stalled at 1.0682, just below 1.0688 key resistance, today, ahead of fresh weakness. Recent break under 1.0599, trendline support and 1.0585/75, has triggered further losses, to probe 1.0545/32, 23/18 Mar low, ahead of possible attempt at key 1.0505. Upside remains capped by 1.0682/88 for now.

Res: 1.0585, 1.0634, 1.0682, 1.0688
Sup: 1.0532, 1.0505, 1.0497, 1.0485

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Upswing off 1.3383, yesterday’s low, has probed above 1.3540, 50% retracement of 1.3815/1.3266 downleg to open 1.3570, key 23 Mar lower ceiling. Potential break here would attract 1.3605, 61.8% retracement, next. Loss of 1.3433/15 would resume the underlying bear trend.

Res: 1.3560, 1.3570, 1.3605, 1.3638
Sup: 1.3475, 1.3433, 1.3415, 1.3383

GBP/USD

Continues to trade within an hourly rising channel, to reach 1.5246, just ahead of 1.5256, 19 Mar high. Scope is now seen for further near term strength, with potential break through the latter to open way for the key 1.5380, 17 Mar peak. Upside rejection, however, risks a lower top for an eventual relapse lower back towards 1.4780 annual low.

Res: 1.5256, 1.5278, 1.5315, 1.5327
Sup: 1.5167, 1.5117, 1.5088, 1.5042

USD/JPY

Continues to trend higher, fueled by the longer-term bear channel break. Completion of bull flag completion and yesterday’s lower rejection at 92.75 now supports fresh gains towards initial 9375, yearly high, posted on 08 Jan. Break here opens 94.05/30 first.

Res: 93.75, 94.05, 94.30, 94.65
Sup: 93.05, 92.75, 92.45, 92.11

USD/CHF

Has broken out of a minor bearish coil which held below 1.0688/1.0703 hourly lower tops. Subsequent break below 1.0505, 17 Mar swing low, now reaffirms 3-legged 0.9916/1.0898 rise, with short-term risk at 1.0424/1.0368 next.

Res: 1.0565, 1.0585, 1.0649, 1.0688
Sup: 1.0485, 1.0775, 1.0447, 1.0424

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (13:30 GMT)

EUR/USD
Failure to sustain gains above 1.3570 has triggered a reversal off 1.3591, last Friday’s fresh high. Immediate support stands at 1.3459, 01/today’s lows. Potential break here would delay near-term bulls in favor of further weakness towards 1.3383. Upside clearance of 1.3591/1.3626 is required to resume bulls and expose key 1.3816, 17 Mar high.

Res: 1.3537, 1.3568, 1.3570, 1.3591
Sup: 1.3459, 1.3433, 1.3383, 1.3344

GBP/USD

Recovery off 1.4797, 25 Mar low, stalled at 1.5298, followed by correction to 1.5180. Fresh strength is now underway, with break through 1.5298/1.5315, been required for resumption of near-term uptrend, to challenge key 17 Mar, 1.5380 peak.

Res: 1.5298, 1.5315, 1.5327, 1.5380
Sup: 1.5180, 1.5117, 1.5088, 1.5042

USD/JPY

Extends gains above 93.75, 08 Jan pivot, to further retrace the pullback from 101.43, 06 Apr 2009 high. Bulls now eye 95.02, 61.8% retracement, ahead of the 95.30 region. Dips are expected to find support over 93.55 to sustain the immediate bullish tone.

Res: 94.77, 95.02, 95.30, 95.50
Sup: 93.05, 92.75, 92.45, 92.11

USD/CHF

Broke below 1.0505, key near-term low, to spike lower to 1.0433 on 01 Apr. Fresh strength emerged from there, now sees scope for renewal of bulls, with clearance of the key 1.0682/88 resistances, needed to expose 1.0749, 25 Mar pivot high. Loss of 1.0553/35, however, would delay for retest of 1.0433.

Res: 1.0643, 1.0682, 1.0688, 1.0705
Sup: 1.0585, 1.0553, 1.0535, 1.0487

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD
Daily structure exposes a potential bear flag developing, with a push under 1.3383, 31 Mar pivot low, increasing the probability of a return to 1.3266, 25 Mar annual low. In the meantime a short-term swing higher is not ruled out.

Res: 1.3459, 1.3496, 1.3537, 1.3591
Sup: 1.3383, 1.3344, 1.3324, 1.3305

GBP/USD

The second attempt at 1.5315, 23.6% retracement of the entire 1.7041/1.4780 fall failed, ahead of fresh push lower. Weekly structure since 1.7041 favors a shallow retrace and a resumption of weakness. 1.5380 is seen key resistance and only break here would improve the outlook.

Res: 1.5244, 1.5262, 1.5315, 1.5380
Sup: 1.5165, 1.5117, 1.5088, 1.5042

USD/JPY

Daily structure since the annual low at 88.13 hints at possible exhaustion of the current rise. Potential is seen for a pullback now towards the 200 day MA, currently at 91.46. Bulls remain in play while 93.55 holds.

Res: 94.77, 95.02, 95.30, 95.50
Sup: 93.55, 93.27, 93.05, 92.75

USD/CHF

Daily structure reveals a possible bull flag forming from the low at 1.0130, 11 Jan low. A break back over 1.0749 will further strengthen outlook, and likely trigger a return to 1.0897, annual high, posted on 19 Feb. However, near-term weakness, preceding fresh bulls, is not ruled out.

Res: 1.0688, 1.0705, 1.07491.0795
Sup: 1.0585, 1.0553, 1.0535, 1.0487

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Hourly structure continues to be negative with yesterday's break below 1.3390/83, 61.8% retracement of the 1.3266/1.3591 rise / 31 Mar low, warning of a full retrace of the move. Scope is now for a short-term swing higher, before leaving a lower top.

Res: 1.3438, 1.3459, 1.3496, 1.3537
Sup: 1.3355, 1.3344, 1.3305, 1.3266

GBP/USD

Continues to trade close to the 23.6% retracement of the 1.7041/1.4780 fall at 1.5315. Weekly structure continues to favor a shallow retrace and eventual relapse to retest 1.4780, the annual low.

Res: 1.5282, 1.5315, 1.5330, 1.5380
Sup: 1.5192, 1.5128, 1.5117, 1.5042

USD/JPY

Daily structure since the annual low at 88.13 hints at possible exhaustion of the current rise. Potential is seen for a pullback now towards the 200 day MA, currently at 91.46. Bulls remain in play while 93.55 holds, with potential break here to open 93.27 and 92.75. Only regain of 94.39 would suggest renewed strength.

Res: 94.39, 94.77, 95.02, 95.30
Sup: 93.55, 93.27, 93.05, 92.75

USD/CHF

Continues to head higher off recent lower rejection of 200-day MA, with scope set at 1.0779, break of which will trigger a larger daily bull flag with an initial target at 1.0899, annual high, posted on 19 Feb).

Res: 1.0720, 1.0749, 1.0795, 1.0810
Sup: 1.0643, 1.0585, 1.0553, 1.0487

 

[WindsorBrokers]

Windsor Brokers - Short Term Technical Analysis for Majors (08:30 GMT)

EUR/USD

Continues to trend lower, with risk seen for further drop to fully retrace the 1.3266/1.3591 upleg. Break below 1.3266, yearly low, would open 1.3190, 30 Apr 2009 low next, while 1.3409 expected to cap corrective attempts.

Res: 1.3377, 1.3409, 1.3438, 1.3459
Sup: 1.3266, 1.3245, 1.3213, 1.3190

GBP/USD

Failed again in attempt at 1.5282/1.5315 area, with fresh weakness now under way. 1.5147/28 zone offers strong support, and break there is required to resume a broader weakness towards 1.4797/80. Regain of 1.5315/80, however, would improve.

Res: 1.5250, 1.5282, 1.5315, 1.5380
Sup: 1.5147, 1.5128, 1.5117, 1.5042

USD/JPY

Current pullback is seen as corrective in structure with an hourly reversal pattern having been triggered. Scope is now for further weakness towards 92.75 and 91.45, 200 day moving average. Back over 94.03 defers.

Res: 93.55, 93.85, 94.03, 94.25
Sup: 93.05, 92.75, 92.45, 92.11

USD/CHF

Daily structure continues to be constructive with a bull-flag in place, following the recent break over 1.0749. Hourly structure also remains positive, with scope for a near-term rise towards 1.0809/27. Downside, 1.0677 offers initial support.

Res: 1.0795, 1.0809, 1.0827, 1.0898
Sup: 1.0712, 1.0677, 1.0643, 1.0585