Windsor Brokers - Short Term Technical Analysis for Majors

[WindsorBrokers]

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

EUR/USD

Failed to clearly break above 3-months falling trendline resistance, triggering reversal to 1.3639, just ahead of key 1.3620 support. Break there would increase risk of near-term bear resumption and expose 1.3545/30 area next. Only regain of 1.3703 would firm the tone.

Res: 1.3703, 1.3728, 1.3760, 1.3798
Sup: 1.3639, 1.3620, 1.3595, 1.3545

GBP/USD

Shorter-term structure has broken below yesterday's 1.5018 low triggering a larger bear continuation pattern and breaching 61.8% of the prior 1.4871/1.5217 ascend. A return back over 1.5150 defers bears.

Res: 1.5085, 1.5150, 1.5194, 1.5208
Sup: 1.4945, 1.4925, 1.4871, 1.4855

USD/JPY

Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, near 38.2% retracement of 88.13/91.08 ascend. Break above 90.55 would firm for a further gains towards 90.78/91.08, while 89.96/62 underpins.

Res: 90.55, 90.85, 91.08, 91.35
Sup: 89.97, 89.80, 89.62, 89.45

USD/CHF

Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 so far. Minor corrective attempt from there has so far stalled at 1.0641. Lower top is now sought for fresh extension towards 1.0515, 50% retracement. Upside, 1.0642/76 offers initial resistance.

Res: 1.0646, 1.0676, 1.0697, 1.0729
Sup: 1.0575, 1.0541, 1.0515, 1.0497

 

[WindsorBrokers]

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

EUR/USD

Dipped to 1.3639, yesterday, just shy of 1.3620 key support, following an upside rejection at 1.3795 on 12 Mar. Fresh strength is now underway, looking for test of 1.3759/95, while 1.3656, today’s higher low and 1.3739/20 buoy the advance.

Res: 1.3759, 1.3798, 1.3803, 1.3838
Sup: 1.3656, 1.3639, 1.3620, 1.3595

GBP/USD

Broke under 1.5018, yesterday’s low, to extend losses to 1.4976 today, though failed to gain momentum, with subsequent bounce now reviving potential of break through 1.5217, 12 Mar high and re-expose 1.5316/45 retest.

Res: 1.5170, 1.5208, 1.5218, 1.5262
Sup: 1.5085, 1.5060, 1.5018, 1.4976

USD/JPY

Extended bull phase off 88.13, 4 Mar low, to stall at 91.08 just below 91.24, trendline resistance. Immediate support was found at 89.98, ahead of rally to 90.72 today, just under 90.85, break of which would open key 91.08/35 resistance area. Current pullback seen corrective while 89.98 holds.

Res: 90.72, 90.85, 91.08, 91.35
Sup: 89.98, 89.80, 89.62, 89.45

USD/CHF

Last week’s break below key supports has triggered a fresh weakness to reach 1.0575 on 12 Mar. Minor corrective attempt from there left a lower top at 1.0641, with bears breaking through 1.0575 support and now focusing 1.0515, 50% retracement of 1.0129/1.0897 upleg. 1.0621/41 caps for now.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0567, 1.0541, 1.0515, 1.0497

 

[WindsorBrokers]

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

EUR/USD

Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.

Res: 1.3816, 1.3838, 1.3850, 1.3883
Sup: 1.3715, 1.3700, 1.3681, 1.3656

GBP/USD

Attempts to complete a three legged correction off 1.4780, 01 Mar yearly low. Today’s break above 1.5217 resistance, now focuses the key 1.5316/45 area, with a lower high favored to form near there.

Res: 1.5293, 1.5316, 1.5345, 1.5385
Sup: 1.5210, 1.5174, 1.5150, 1.5120

USD/JPY

Rallied from 88.13, 04 Mar low, to reach 91.08 high on 12 Mar, before yesterday’s reversal to 89.98, just above 38.2% retracement of 88.13/91.08 upleg. Short-term ranging would possibly set up a fresh push towards 91.22, trendline resistance, with break there to open 92.16. Loss of 89.98, however, weakens and focuses 89.62 instead.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.98, 89.80, 89.62, 89.45

USD/CHF

Remains in a downtrend from 1.0897, 02 Mar high, currently pressuring 1.0523/1.0497 region, with breach there reaffirming recent 3-legged corrective swings from 0.9916, for an initial 1.0368, 25 Jan low. Regain of 1.0642/48 would hint renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0497, 1.0481, 1.0476, 1.0450

 

[WindsorBrokers]

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

EUR/USD

Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.

Res: 1.3816, 1.3838, 1.3850, 1.3883
Sup: 1.3715, 1.3700, 1.3681, 1.3656

GBP/USD

Extended recovery off 1.4780 low, clearing 1.5217/58 previous highs, and key 1.5345 resistance, to reach 1.5380 thus far. This now opens prospect for further recovery, opening initially 1.5417, 61.8% retracement of 1.5814/1.4780 decline, ahead of 1.5475, 24 Feb high. 1.5207/1.5194 offers initial support.

Res: 1.5380, 1.5417, 1.5475, 1.5520
Sup: 1.5258, 1.5207, 1.5194, 1.5174

USD/JPY

Rallied from 88.13, 04 Mar low, to reach 91.08 high on 12 Mar, before yesterday’s reversal to 89.98, just above 38.2% retracement of 88.13/91.08 upleg. Short-term ranging would possibly set up a fresh push towards 91.22, trendline resistance, with break there to open 92.16. Loss of 89.98, however, weakens and focuses 89.62 instead.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.98, 89.80, 89.62, 89.45

USD/CHF

Remains in a downtrend from 1.0897, 02 Mar high, currently pressuring 1.0523/1.0497 region, with breach there reaffirming recent 3-legged corrective swings from 0.9916, for an initial 1.0368, 25 Jan low. Regain of 1.0642/48 would hint renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0497, 1.0481, 1.0476, 1.0450

 

[WindsorBrokers]

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

EUR/USD

Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.

Res: 1.3685, 1.3727, 1.3739, 1.3780
Sup: 1.3639, 1.3620, 1.3595, 1.3575

GBP/USD

Positive short-term structure off yesterday’s 1.5207 higher low starts to fade after break under 1.5268/58 supports, with loss of 1.5207 to way for deeper correction. However, regain of minimum 1.5316/30 would improve the tone.

Res: 1.5316, 1.5330, 1.5380, 1.5417
Sup: 1.5217, 1.5207, 1.5194, 1.5174

USD/JPY

Continues to further retrace the recent 88.13/91.08 upleg, with today’s break below 89.98, near-term range, now focusing 89.62, 09 Mar low/50% retracement, where a higher low would mark fresh attempt towards 91.08/22.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.62, 89.45, 89.26, 88.96

USD/CHF

Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of current bounce. This is seen corrective while 1.0641/48 holds, with further drop reaffirming recent 3-legged corrective swings off 0.9916 to open 1.0424/1.0368 zone next. Break above 1.0641/48 hints renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0505, 1.0497, 1.0481, 1.0476

 

[WindsorBrokers]

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

EUR/USD

Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.

Res: 1.3727, 1.3739, 1.3780, 1.3798
Sup: 1.3639, 1.3620, 1.3595, 1.3575

http://mediaserver.fxstreet.com/Rep...8-8193-afec3573778f/eurusd_20100318141925.gif


GBP/USD

Positive short-term structure off yesterday’s 1.5207 higher low starts to fade after break under 1.5268/58 supports, with loss of 1.5207 to way for deeper correction. However, regain of minimum 1.5316/30 is needed to re-focus 1.5367/80.

Res: 1.5330, 1.5367, 1.5380, 1.5417
Sup: 1.5354, 1.5239, 1.5217, 1.5207

http://mediaserver.fxstreet.com/Rep...8-8193-afec3573778f/gbpusd_20100318142010.gif


USD/JPY

Continues to further retrace the recent 88.13/91.08 upleg, with today’s break below 89.98, near-term range, now focusing 89.62, 09 Mar low/50% retracement, where a higher low would mark fresh attempt towards 91.08/22.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 89.62, 89.45, 89.26, 88.96

http://mediaserver.fxstreet.com/Rep...8-8193-afec3573778f/usdjpy_20100318142053.gif


USD/CHF

Probed the 1.0523/1.0497 support zone, to reach 1.0505, ahead of bounce. This is seen corrective while 1.0641/48 caps, with further drop reaffirming recent 3-legged corrective swings off 0.9916 to open 1.0424/1.0368 zone next. Break above 1.0641/48 hints renewed strength.

Res: 1.0621, 1.0641, 1.0676, 1.0697
Sup: 1.0505, 1.0497, 1.0481, 1.0476

http://mediaserver.fxstreet.com/Rep...8-8193-afec3573778f/usdchf_20100318142138.gif

 

[WindsorBrokers]

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

EUR/USD

Fresh weakness emerged after yesterday’s break through 1.3656/39 key support, extending losses to 1.3586 thus far. This opens way for test of 1.3543/29, 10/05 Mar low and possible attempt at 1.3433 range low. Upside, for now, remains capped by 1.3694 and only clear break here to improve the tone and turn focus to 1.3815.

Res: 1.3645, 1.3694, 1.3727, 1.3739
Sup: 1.3586, 1.3575, 1.3543, 1.3529

GBP/USD

Extended correction off 1.4780 to reach 1.5380 on 17 Mar, retracing between 50% and 61.8% of 1.5814/1.4780 downleg, ahead of the latest reversal. Hourly studies now favor further weakness, after loss of1.5217/06 support zone. Next targets seen at 1.5087/55, ahead of key 1.4976, 16 Mar higher low. Only regain of 1.5250/80 area to delay.

Res: 1.5255, 1.5278, 1.5305, 1.5327
Sup: 1.5162, 1.5087, 1.5055, 1.4976

USD/JPY

Remains constructive off 88.13, yearly low, posted on 04 Mar. Yesterday’s dip under 89.98 support left a lower rejection at 89.74, just above key 89.62, 09 Mar low. This confirms a positive bias for test 91.08, range ceiling, also trendline resistance. Potential break here to open 92.13, 19 Feb high, near-term.

Res: 90.85, 91.08, 91.22, 91.35
Sup: 90.05, 89.75, 89.62, 89.45

USD/CHF

Corrective rally off 1.0505, 17 Mar low/near 50% retracement 1.0129/1.0897 upleg, stalled at 1.0648, just shy of 1.0656, 50% retracement of 1.0808/1.0507 decline. The near-term structure remains negative, and break below 1.0532 to open for 1.0483/47 next.

Res: 1.0621, 1.0645, 1.0656, 1.0676
Sup: 1.0532, 1.0505, 1.0497, 1.0481

 

[WindsorBrokers]

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

EUR/USD

Upside rejection at 1.3816 on 17 Mar has triggered reversal and yesterday's break under 1.3556/39 supports extended losses to reach 1.3532, former 05/09 March lows today.
Focus is now 1.3433, range low retest, break of which would signal resumption of the broader downtrend. However, hourly conditions are overextended, suggesting correction, though, 1.3625 expected to cap. Break above the latter may delay immediate bears for 1.3694.

Res: 1.3600, 1.3625, 1.3645, 1.3694
Sup: 1.3529, 1.3513, 1.3484, 1.3445

GBP/USD

Extended correction off 1.4780 to reach 1.5380 on 17 Mar, retracing between 50% and 61.8% of 1.5814/1.4780 downleg, ahead of the latest reversal. Hourly studies now favor further weakness, after loss of1.5217/06 support zone. Next targets seen at 1.5087/55, ahead of key 1.4976, 16 Mar higher low. Regain of 1.5250, however, would delay.

Res: 1.5160, 1.5207, 1.5250, 1.5278
Sup: 1.5087, 1.5055, 1.4976, 1.4947

USD/JPY

Remains constructive off 88.13, yearly low, posted on 04 Mar. Yesterday's dip under 89.98 support left a lower rejection at 89.74, just above key 89.62, 09 Mar low. This confirms a positive bias for test 91.08, range ceiling, also trendline resistance. Potential break here to open 92.13, 19 Feb high, near-term.

Res: 90.79, 91.08, 91.22, 91.35
Sup: 90.05, 89.75, 89.62, 89.45

USD/CHF

Corrective rally off 1.0505, 17 Mar low/near 50% retracement 1.0129/1.0897 upleg, stalled at 1.0645, just shy of 1.0656, 50% retracement of 1.0808/1.0507 decline, followed by sharp reversal to 1.0532. Fresh strength off there now under-way, though clearance of 1.0645 is required to improve the outlook and allow stronger correction. Otherwise, lower top and continuation of the broader downtrend would be likely scenario.

Res: 1.0645, 1.0656, 1.0676, 1.0697
Sup: 1.0532, 1.0505, 1.0497, 1.0481

 

[WindsorBrokers]

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

EUR/USD

Upside rejection at 1.3816 on 17 Mar and break of a 3-week rising wedge turned the immediate focus lower. Clearance of 1.3536/29 support area has so far reached 1.3497, though stretched near-term studies suggest correction, with possible lower top under 1.3628/39, ahead of fresh weakness towards 1.3433. Only break above 1.3639 would pivot market higher.

Res: 1.3586, 1.3600, 1.3625, 1.3639
Sup: 1.3497, 1.3484, 1.3445, 1.3433

GBP/USD

Sharp pullback off last week’s 1.5380 recovery high broke below 1.4976 key support, to reach 1.4930 thus far, en-route to 1.4871, 10 Mar higher low. Overextended hourly studies see correction higher, with lower top seen under 1.5126/60 area. Break below 1.4871 will reaffirm short-term bear presence, opening 1.4780 low.

Res: 1.5035, 1.5125, 1.5160, 1.5224
Sup: 1.4930, 1.4871, 1.4855, 1.4780

USD/JPY

Remains constructive off 88.13, yearly low, posted on 04 Mar. Yesterday’s dip under 89.98 support left a lower rejection at 89.74, just above key 89.62, 09 Mar low. This confirms a positive bias for test 91.08, range ceiling, also trendline resistance. Potential break here to open 92.13, 19 Feb high, near-term.

Res: 90.79, 91.08, 91.22, 91.35
Sup: 90.05, 89.75, 89.62, 89.45

USD/CHF

Has been undergoing a recovery phase off 1.0505, 17 May low. Strong resistance now lies between 1.0640/60 zone, and a break there is needed to trigger a stronger recovery towards 1.0730. The latest reversal has dented 1.0590 support and this may delay bulls for test of 1.0570/32.

Res: 1.0645, 1.0656, 1.0676, 1.0697
Sup: 1.0570, 1.0532, 1.0505, 1.0497

 

[WindsorBrokers]

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

EUR/USD

Continues to trade within broader 1.3433/1.3816 consolidative range. The latest strong sell-off from 1.3816 found support at 1.3462 yesterday, just above 1.3433 range bottom, ahead of current recovery phase. Higher low is now required to resume towards 1.3586/1.3639, with break of the latter to trigger stronger recovery. However, overall outlook remains negative and upside failure to attract 1.3433, then 1.3250/1.3088.

Res: 1.3568, 1.3586, 1.3600, 1.3625
Sup: 1.3501, 1.3462, 1.3433, 1.3423

GBP/USD

Dipped to 1.4930 yesterday, following an upside rejection from 1.5380 on 17 Mar. Recovery attempt reached 1.5111 today, retracing slightly over 38.2% of 1.5380/1.4930 downleg, ahead of fresh weakness. Need to confirm higher low for retest of 1.4930, break of which would expose 1.4871 and possible final attempt at 1.4780 bottom. 1.5111 now offers initial resistance, ahead of 1.5155/95 zone.


Res: 1.5111, 1.5160, 1.5206, 1.5224
Sup: 1.4976, 1.4930, 1.4871, 1.4780

USD/JPY

Remains locked in 89.74/91.08 consolidation range, with positive bias seen in play while 89.74 support holds. However, sustained break above 90.79/91.08 is needed to resume short-term recovery and focus 92.13 next. Loss of 89.74 would weaken the structure and risk test of 88.13 instead.

Res: 90.37, 90.79, 91.08, 91.22
Sup: 89.74, 89.62, 89.45, 89.30

USD/CHF

Continues to channel higher off 1.0505, 17 Mar low, forming a triangle, with 1.0660 high reached yesterday. Break here is needed to resume recovery towards 1.0694/1.0730. Failure to do so risks downside test of 1.0575, trendline support, then1.0561/30, ahead of possible attempt at 1.0505.

Res: 1.0645, 1.0660, 1.0676, 1.0697
Sup: 1.0575, 1.0530, 1.0505, 1.0497