Short Term Technical Analysis for Majors (07:00 GMT)

[WindsorBrokers]

EURUSD

The Euro is unchanged and moves within narrow consolidative range of 1.3490 and 1.3535, with hourly studies in neutral mode. Overall negative tone, however, keeps the downside at pressure, as corrective attempt from 1.3475 low is so far capped by falling 4-hour 20SMA, keeping more significant barriers at 1.3580 and 1.3600 intact for now. Fresh weakness below 1.3500/1.3475 supports to open 1.3457, Fibonacci 38.2% of 1.2754/1.3892 then 1.3435, Fibonacci 76.4% of 1.3294/1.3738 upleg and psychological / higher platform support at 1.3400 in extension. On the upside, break above pivotal 1.3600 resistance zone, 50% retracement of 1.3738/1.3475 / daily Ichimoku cloud base, would provide relief.

Res: 1.3540; 1.3572; 1.3600; 1.3638
Sup: 1.3492; 1.3475; 1.3457; 1.3435

GBPUSD

Cable rides on the fourth, corrective wave, as a part of larger downtrend from 1.6668, 24 Jan peak, after the third wave extended below its 161.8% expansion and ended at 1.6255. The fourth wave could travel to 1.6400 barrier, where gains should be ideally capped, with the fifth wave expected to extend towards 1.6200/1.6150 zone, where daily cloud base and Fibonacci 61.8% retracement of 1.5853/1.6668, offer supports. Only break above 1.6400 barrier would delay bears and allow for stronger recovery towards 1.6440/80 barriers.

Res: 1.6343; 1.6400; 1.6440; 1.6500
Sup: 1.6289; 1.6255; 1.6236; 1.6215

USDJPY

The pair enters near-term corrective mode after finding good support at 100.74, with corrective rally being capped by previous low at 101.75, also hourly 55SMA. With hourly studies losing traction and 4-hour technicals maintaining negative tone, upside attempts are seen limited and downside risk remains in play. Violation of initial 101 support is expected to open hourly double-bottom at 100.74, loss of which to resume broader bears off 105.43 and expose psychological 100 support, reinforced by 50% retracement of 96.55/105.43 rally and 200SMA. Only break above psychological 102 barrier and 102.50, Fibonacci 38.2% retracement, would delay bears.

Res: 101.75; 102.00; 102.50; 102.92
Sup: 101.00; 100.74; 100.42; 100.00

AUDUSD

The pair trades in near-term consolidative phase, after fresh bulls were triggered on a break above one week congestion tops at 0.8820 zone, with acceleration through important barrier at 0.8886, 22 Jan lower top and psychological 0.89 barrier, posting fresh 3-week high at 0.8940. The pullback off 0.8940 was so far contained by daily Kijun-sen line at 0.8870 that marks consolidation floor, however, weakening hourly studies cannot rule out further easing. Next support lies at 0.8859, Fibonacci 38.2% of 0.8729/0.8940 upleg and 0.8835, 50% retracement, with dips expected to hold above previous congestion tops at 0.8820 zone, to keep fresh bulls in play. Extension of the uptrend through temporary cap at 0.8940 is expected to focus 0.9000, psychological resistance / 03 Jan high and key barrier at 0.9084, 13 Jan peak, in extension.

Res: 0.8906; 0.8940; 0.8983; 0.9000
Sup: 0.8870; 0.8859; 0.8824; 0.8800

 

[WindsorBrokers]

EURUSD

The Euro has established positive near-term tone on a bounce from 1.3480 zone, where the pair built a base. Extension above 1.36 barrier retraced over 61.8% of 1.3738/1.3475 downleg, on extension to 1.3642, keeping the upside in near-term focus. Fresh strength attempts to cover overnight minor gap, to extend the upleg from 1.3550 higher low, towards next hurdles at 1.3680/1.3700, 50% of 1.3892/1.3475 / 14 Jan peak, clearance of which to expose important resistance and breakpoint at 1.3735, Fibonacci 61.8% retracement / 24 Jan peak and daily cloud top. Near-term studies remain positive and support further bulls. Initial support lies at 1.3615, session low, ahead of 1.3600 support, daily Kijun-sen line, near daily cloud base and 1.3580, Fibonacci 38.2% of 1.3482/1.3642 rally, where corrective dips should be ideally contained. Only break below 1.3550 higher low would neutralize near-term bulls.

Res: 1.3642; 1.3635; 1.3680; 1.3700
Sup: 1.3615; 1.3600; 1.3580; 1.3550

GBPUSD

Cable’s near-term structure improved, as the price broke above 1.6350 congestion top and probed above 1.64 barrier, where near-term consolidation is under way. Fresh bulls on 4-hour chart are supportive for further recovery towards Fibonacci resistances of 50% and 61.8% of 1.6623/1.6250 at 1.6437 and 1.6481. However, regain of 1.6500 barrier is required to shift focus towards the upper limits of near-term congestion. Otherwise, more downside risk could be anticipated in case of failure to sustain break above 1.64 handle. Overbought hourly studies warn of correction, with previous range tops at 1.6350, also near Fibonacci 38.2% retracement of 1.6250/1.6426 rally, seen as ideal reversal point.

Res: 1.6426; 1.6437; 1.6481; 1.6500
Sup: 1.6390; 1.6359; 1.6338; 1.6300

USDJPY

The pair remains in near-term corrective phase off 100.74, with fresh extension higher peaking at 102.63, above 38.2% retracement of 105.43/100.74 descend. Overnight gap-higher was expected to confirm bulls, however, pullback that filled the gap and pressures psychological 102 support, suggests more significant corrective action. Break below 102 handle, also near 38.2% of 100.79/102.63 rally, reinforced by hourly 55SMA, would be seen as a trigger for further easing towards 101.75, previous congestion top and 50% retracement and 101.50, 61.8%, below which bears are expected to take control. Resumption of the uptrend through 102.63 peak, opens lower top at 102.92 and 103.09, 50% retracement of 105.43/100.74 and key near-term barrier at 103.43, 29 Jan lower top in extension.

Res: 102.45; 102.63; 102.92; 103.09
Sup: 101.90; 101.75; 101.50; 101.00

AUDUSD

The pair consolidates recent gains that peaked ticks below psychological 0.9000 barrier, with near-term price action being so far contained at 0.8920. Hourly studies, however, are turning negative and 4-hour indicators losing traction that indicates corrective action in the near-term. Break below initial 0.8920/00 supports, is expected to open hourly higher base 0.8870, also Fibonacci 38.2% of 0.8658/0.8998 ascend and reinforced by 4-hour 55SMA, where the pullback should find a footstep and keep near-term bulls in play. On the upside, lift above 0.9000 barrier is required to open key resistance at 0.9084, 13 Jan peak, while alternative scenario sees loss of 0.8870 handle as a trigger for further easing that would sideline near-term bulls.

Res: 0.8998; 0.9056; 0.9084; 0.9100
Sup: 0.8920; 0.8900; 0.8870; 0.8820

 

[WindsorBrokers]

EURUSD

The Euro nearly fully recovered yesterday’s losses, when the price accelerated lower after losing 1.3620/00 support. Sharp fall found support at 1.3561, Fibonacci 61.8% retracement of 1.3482/1.3682 rally, with subsequent bounce to 1.3636 so far, marking 61.8% retracement of two-legged descend from 1.3682 to 1.3561. Hourly studies are weak, while 4-hour indicators stand at their midlines. Regain of yesterday’s high at 1.3651 is required to confirm reversal and avert risk of lower top formation and fresh slide, as the price broke above bear-trendline off 1.3680 peak. Initial support at 1.3600, Fibonacci 38.2% of 1.3561/1.3636 upleg and hourly 10/20 SMA’s bull-cross, should ideally contain corrective dips. Break above 1.3651 to confirm higher low at 1.3561 and re-focus peaks at 1.3680 zone. Alternatively, loss of 1.36 handle would keep near-term bears in play. Next supports lay at 1.358 higher base / daily Tenkan-sen and key level at 1.3561, yesterday’s low.

Res: 1.3651; 1.3682; 1.3700; 1.3738
Sup: 1.3600; 1.3580; 1.3561; 1.3530

GBPUSD

The pair maintains bullish near-term structure, with eventual break above psychological 1.66 barrier, signals attempt for full retracement of 1.6668/1.6250 bear-leg. As the price regains the last hurdle at 1.6623, the way opens towards 1.6668, year-to date high and break here to trigger resumption of multi-month uptrend from 1.4812, 2013 low, towards next hurdles at 1.6737/45, 2011 peaks. Positive near-term studies are supportive, with hesitation on approach to the key barrier at 1.6668, seen on overbought lower timeframes studies. Key near-term supports lay at 1.6500/1.6480 and should contain any stronger pullbacks.

Res: 1.6668; 1.6700; 1.6737; 1.6745
Sup: 1.6600; 1.6570; 1.6534; 1.6500

USDJPY

The pair remains within near-term consolidative range, with near-term studies losing traction, as the price cracked the range floor at 102 zone, following repeated upside rejection at 102.69. Hourly indicators moved into negative territory, with 4-hour studies losing momentum that keeps the downside at risk. Firm break below 102 handle, also 38.2% retracement of 100.74/102.69 corrective rally, would further weaken the structure for extension towards supports at 101.50, Fibonacci 61.8% and 101.20 higher low, to confirm lower top formation. On the upside, clearance of initial 102.69 barrier and regain of 102.92/103.07 hurdle is required to neutralize and signal resumption of near-term recovery rally from 100.74 low.

Res: 102.20; 102.69; 102.92; 103.09
Sup: 101.95; 101.75; 101.50; 101.20

AUDUSD

The pair fell sharply after losing 0.9000 handle, with acceleration lower, finding support at 0.8926, where daily 55SMA contained fall, keeping important 0.8900 support, higher platform / Fibonacci 38.2% retracement of 0.8658/0.9066 rally intact for now. Near-term studies are weaker, however, bulls are still present on 4-hour chart studies that keeps larger picture bullish outlook intact for fresh attempt higher. Bounce requires regain of 0.9000 barrier, also 50% of entire 0.9066/0.8926 fall, to avert downside risk and confirm higher low at 0.8926. Conversely, loss of 0.89 handle, would further weaken near-term tone and signal further correction, with next good support laying at 0.8870, 05 Feb higher low / daily Tenkan-sen / Kijun-sen bull-cross.

Res: 0.8980; 0.9000; 0.9033; 0.9066
Sup: 0.8926; 0.8900; 0.8870; 0.8824

 

[WindsorBrokers]

EURUSD

The Euro Remains steady and continues to move above bull-trendline off 1.3482, after last week’s fall found ground on strong 1.3700/1.3690 support zone. Friday’s inside day candle suggests further upside, as fresh strength aims towards initial targets at 1.3756/61, 21/20 Feb highs, ahead of key near-term hurdle at 1.3772, 19 Feb high. Overnight’s consolidation above 1.37 handle and fresh extension higher, keeps near-term bulls in play, with technicals on lower timeframes maintaining positive tone. Break above 1.3772 to complete 1.3772/1.3685 corrective phase and open way towards 1.3800/30 and 1.3892, 27 Dec 2013 peak in extension, regain of which to complete larger corrective phase from 1.3892 to 1.3475. Initial support lies at 1.3727, ahead of 1.3700 and pivotal 1.3685 platform, loss of which would be bearish.

Res: 1.3756; 1.3761; 1.3772; 1.3800
Sup: 1.3727; 1.3700; 1.3685; 1.3661

GBPUSD

Cable remains in near-term descend off fresh peak at 1.6821, approaching important 1.66 support, Fibonacci 38.2% retracement of 1.6250/1.6821 upleg, reinforced by 4-hour 55SMA and daily Tenkan-sen line. Loss of 1.66 handle is required to confirm reversal and trigger stronger pullback, which will put near-term bulls on hold and open 1.6536, 50% retracement of 1.6250/1.6821 and psychological 1.6500 support in extension. Hourly studies are weak, while 4-hour indicators are breaking into negative territory that supports negative scenario. Alternatively, ability to hold above 1.66 handle would keep the pair protected from immediate risk of further easing, with consolidative phase seen preceding fresh attempt higher, as daily bulls remain in play and 1.66 handle seen as ideal reversal point. Regain of near-term breakpoints at 1.6723/40, is required to bring bulls back in play.

Res: 1.6654; 1.6700; 1.6723; 1.6740
Sup: 1.6610; 1.6600; 1.6536; 1.6500

USDJPY

Near-term bulls lost traction after brief break above key 102.69/73 barrier, as the price stalled at 102.82 and subsequent pullback pressures psychological / Fibonacci 50% / daily Tenkan-sen line support at 102.00. With hourly indicators sliding into negative territory, downside risk will remain in play in the near-term. Loss of 102 handle is required to confirm. On the other side, 4-hour studies hold positive tone that sees the upside in focus while the price holds above 102 support and 101.77, bull-trendline off 100.74. Larger picture, however, is neutral, as studies are mixed and price action entrenched within 101.37/102.82 range, with break of either side to define direction.

Res: 102.45; 102.67; 102.82; 103.09
Sup: 102.15; 102.00; 101.77; 101.37

AUDUSD

Near-term structure is negative, as the price’s recovery from 0.8935 failed to sustain gains above psychological 0.9000 barrier and subsequent easing fully reversed 0.8935/0.9021 rally. The downside is for now protected by daily cloud base, however, negatively aligned near-term studies would keep the downside at risk while the price remains capped under 0.9000, daily Tenkan-sen line and 0.9021, 20 Feb peak, break of which is required to bring fresh bulls in play and signal double-bottom formation. Otherwise, violation of strong 0.8930/00 support zone, would spark resumption of reversal from 0.9079, 18 Feb peak.

Res: 0.8986; 0.9000; 0.9021; 0.9043
Sup: 0.8935; 0.8926; 0.8900; 0.8870

 

[WindsorBrokers]

EURUSD

The Euro remains unchanged, as near-term price action holds within 1.3700/70 range, trading in directionless mode. Consolidation is expected to precede fresh leg higher, as overall tone remains positive, as the price moves along with bull-trendline drawn off 1.3482 low. Formation of bullish pennant is shown on 4-hour chart, with break above recent congestion tops and trendline resistance, required to complete the pattern and open next targets at 1.3800/30. Trendline support lies at 1.3726, ahead of breakpoints at 1.3700/85, loss of which will be bearish.

Res: 1.3772; 1.3800; 1.3815; 1.3831
Sup: 1.3726; 1.3700; 1.3685; 1.3661

GBPUSD

Cable improved near-term structure on extension of recovery rally from fresh low at 1.6582, which cracked psychological 1.6700 barrier and peaked at 1.6725, where the pair ran out of steam. Stall ahead of 1.6740 breakpoint and subsequent pullback to 1.6660, where the price attempts to stabilize above hourly 55SMA, keeps the downside risk in play, as hourly studies are losing momentum. Slide below 1.660 and yesterday’s spike low at 1.6640, would bring important 1.66 support in near-term focus, with violation of the latter to signal fresh extension of pullback from 1.6821 peak. Conversely, attempt to build near-term base, requires bounce through 1.6700 barrier to avert immediate downside risk and open 1.6725/40 hurdles for test. Studies on 4-hour chart are in neutral mode, with break of either side, required to define near-term direction.


Res: 1.6700; 1.6725; 1.6740; 1.6800
Sup: 1.6660; 1.6640; 1.6600; 1.6582

USDJPY

Near-term price action is at the back foot, as reversal from 102.82, 21 Feb peak, extended and cracked psychological / trendline support at 102 zone. Hourly studies are improving, as bounce from fresh low at 101.99 reached mid-point of 102.82/101.99 descend at 102.40, however, regain of lower platform at 102.60 is required to confirm reversal and bottom formation. Otherwise, risk of renewed attempt lower and clear break below 102 handle would further weaken near-term structure and open lower boundaries of two-week range, also daily cloud base, for test.

Res: 102.40; 102.61; 102.82; 103.09
Sup: 102.24; 102.00; 101.57; 101.37

AUDUSD

The pair shows no significant changes, as near-term price action remains within 0.8935/0.9079 range, with the price holding at the upper part of the range, following yesterday’s dip to 0.8967 and quick recovery that attempts to stabilize above 0.9000 handle. Hourly technicals are still weak, with downside risk remaining in play. Loss of 0.9000 handle to shift near-term focus towards the lower limits, with 50% and 61.8% retracement levels of 0.8937/0.9048 rally at 0.8993 and 0.8979, seen as next supports, ahead of yesterday’s spike low at 0.8967, loss of which to re-open range floor at 0.8935. On the upside, pivotal resistance lies at 0.9048, clearance of which to expose recent peak and range top at 0.9079.

Res: 0.9024; 0.9048; 0.9079; 0.9100
Sup: 0.9000; 0.8979; 0.8967; 0.8935

 

[WindsorBrokers]

EUR/USD
The pair managed to continue its correction after last Fridays bounce only to 1.3720. Yesterday we have seen selling around 1.3780-90 zone, so we wait for this level to be broken to continue the uptrend towards 1.3820 followed by 1.3890. On the other hand, a break below 1.3720 would trigger further to the downside towards 1.3690 and 1.3640 next.

Res: 1.3780, 1.3790, 1.3825, 1.3890
Sup: 1.3725, 1.3690, 1.3645, 1.3605

GBP/USD
A corrective action was made reaching 1.6640 where support was found. Maintaining today’s low level will offer a test of 1.6750-70 peaks, and a break above that will offer a retest of previous peak of February at 1.6820. on the downside, a break of 1.6640 would open further to the downside towards 1.6615 and 1.6580 next.

Res: 1.6750, 1.6770, 1.6795, 1.6820
Sup: 1.6645, 1.6615, 1.6580, 1.6530

USD/JPY
Still on a sideway trend of 102.80-101.25, USDJPY have tested yesterday the bottom at 101.20 before reversing back below 102.00 zone. As it seems that the bottom is weakening, today we will monitor 102.00 and 102.30 and if maintained we will see a retest of 101.25 and a break there would open more to the downside towards 100.80.
On the other hand a break above 102.00-30 would open previous tops of 102.75-90


Res: 102.00, 102.30, 102.75, 102.90
Sup: 101.55, 101.25, 100.80, 100.50

AUDUSD
Aussie correct through yesterday finding support around 0.8905 and reaching up to 0.8967 ahead of 0.8970-90 peaks, a break there would open more to the upside towards 0.9050. However, if 0.8970-90 was maintained a drop again towards 0.8905 is seen, where a break below there would open 0.8870

Res: 0.8970, 0.8990, 0.9025, 0.9050
Sup: 0.8905, 0.8870, 0.8825, 0.8750

 

[WindsorBrokers]

EURUSD

EURUSD managed to reach a two and a half year high on Friday by making a new uptrend high at 1.3914. It has risen above 1.39 for the first time since October 28 2011. There were strong gains on Thursday after the European Central Bank President held rates steady and suggested the central bank wasn’t going to ease policy further in the short term.
From a technical outlook the pair will remain bullish if trading is maintained above 1.38 with targets at 1.3940 and 1.3970
Res: 1.3940, 1.3970, 14015
Sup: 1.3800, 1.3750, 1.3720

GBPUSD

Overall still stuck in range trading mode since hitting a high of 1.6820 on the 17th of Feb. We had two failed attempts during last Thursday and Friday to break above 1.6780 resistances, however the most likely outlook still remains upwards if it manages to stay supported by 1.6700
Momentum Indicator RSI(14) is moving sideways indicating the lack of trend strength.
Res: 1.6785, 1.6820, 1.6900
Sup: 1.6700, 1.6670, 1.6640

USDJPY

USDJPY is currently in an uptrend on the H1 Chart. It achieved a trend high at 103.75 on Friday and since then retraced almost 80 pips to 103. We expect it to revisit the 103.75 and attempt at achieving a higher high if it stays supported at 102.80(today’s pivot point).
Res: 103.75, 104, 104.35
Sup: 102.80, 102.25, 101.70

GOLD

Gold is currently testing a critical level today’s pivot at 1330. If it manages to break this support we will reverse our bullish outlook and look for target 1322 and 1308. The 25 dollar drop during today’s and Fridays sessions comes after it failed for the 4th time to break important resistance 1354 (which is also the current uptrend high).
Res: 1354, 1362, 1375
Sup: 1330, 1322, 1308

 

[WindsorBrokers]

EURUSD
No important levels were broken during the previous session as the euro spent it trading within a narrow 40 pip range. This low volatility is reflected in the momentum indicators as we see MACD near the zero level and Momentum (22) at the 100 level. This may continue to be the case until the release of JOLTS Job Openings figure from the US at 14:00 GMT
Res: 1.3940, 1.3970, 14015
Sup: 1.3800, 1.3750, 1.3720

GBPUSD
A huge drop of 120 pips for the sterling caused it to break all three previously mentioned supports at 1.6700, 1.6670 & 1.6640. Current low stands at 1.6620 which is also the low we saw on the 27th of Feb which makes it an important support level to pass if current downward momentum is to be maintained
We are expecting UK data at 9:30 GMT Manufacturing Production m/m & Inflation Report Hearings
Res: 1.6685, 1.6730, 1.6785
Sup: 1.6620, 1.6580, 1.6540

USDJPY
Lack of action for the USDJPY as it spent the previous session trading within a 40 pip range failing to break any support or resistance level thus there will be no change from our previous outlook. Resistance remains at the current H1 uptrend high of 103.75 which was reached on the 7th of March.
Res: 103.75, 104, 104.35
Sup: 102.80, 102.25, 101.70

GOLD
After testing critical level 1330 for the second time(first attempt was last Friday), Gold failed to break it finding support and rising to yesterday’s high of 1344 which is 10 dollars short of our next resistance 1354, indicating weak buying momentum which could be due to lack of important economic figures during the previous session.
Res: 1354, 1362, 1375
Sup: 1330, 1322, 1308

 

[WindsorBrokers]

EURUSD
Lack of action again for the euro as we see another day of trading within a narrow 40 pip range. Previous Resistance and support levels still hold as they were not even tested during the last two sessions. We can currently safely say that EURUSD ended its upward trend on the 1 hour chart and now is stuck in a range between 1.3940 and 1.3800.
Res: 1.3940, 1.3970, 1.4015
Sup: 1.3800, 1.3750, 1.3720

GBPUSD
Sterling manages to continue the current downtrend on the 1 hour chart by breaking another support level at 1.6620. It achieved a new low at 1.6595. We have downward signals from the momentum indicators MACD and Momentum (22) plus prices are currently below exponential moving average 55 and the Ichimoku Cloud
Res: 1.6650, 1.6685, 1.6730,
Sup: 1.6580, 1.6540, 1.6580

USDJPY
We saw an almost 60 pip drop for the USDJPY during the previous and current session however it failed twice to break current support of 102.80. It currently trading close to that level and testing it for the third time. If it does manage to break it this will open the way for 102.25 & 101.70. However a rise above 103.75 will reverse our outlook

Res: 103.75, 104, 104.35
Sup: 102.80, 102.25, 101.70

GOLD
Strong upward action from Gold as we saw it break important resistance level 1354 and continue its rise to test 1362. This was the third attempt at breaking 1354, the previous two failed attempts happened on 6th and 3rd of this month. Because of this we will safely say that gold broke out of its range trading mode and we have an upward trend now on the 1 hour chart

Res: 1362, 1375, 1388
Sup: 1337, 1330, 1322,

 

[WindsorBrokers]

EURUSD
After 3 trading sessions of narrow trading we finally see EURUSD attempt to make a move. Its currently testing 1.3940 resistance after it successfully broke above previous trend high 1.3915. It’s trading at prices not seen since October 2011. If it does manage to break this resistance it will open the way for 1.3970 and 1.4015. On the H1 we have an uptrend

Res: 1.3940, 1.3970, 1.4015
Sup: 1.3850 1.3800, 1.3750

GBPUSD
Today’s rise of almost 70 pips can be considered a reversal of the downtrend on the 1 hour chart for two reasons. First we see the formation of an upside-down head and shoulders pattern and a rise above the 55 exponential moving average. After failing to continue to the previous downtrend, it found support at 1.6580 went up and broke 1.6650 plus tested 1.6685

Res: 1.6685, 1.6730, 1.6780
Sup: 1.6620 1.6580, 1.6540,

USDJPY
After two past failed attempts at breaking 102.80, USDJPY finally was successful in the third try achieving a new low at 102.50 for the current downtrend on the 1 hour chart. It is currently trading close to that low attempting to break it for the second time. Next target is at 102.25

Res: 103.15. 103.75, 104,
Sup: 102.25, 101.70, 101.20

GOLD
Gold remains strong breaking another resistance level 1362 continuing its uptrend on all time frames. It also tested 1375 resistance. However it’s important to note that on the 4 hour and daily chart RSI(14) is currently above the 70 level which could indicate prices are too high due to overbought conditions. Important thing to note also on the daily chart is that we saw a daily candle close above 1362 which was the high of 28.10.2013.

Res: 1375, 1388, 1400
Sup: 1355, 1345, 1337

 

[WindsorBrokers]

EURUSD

The Euro holds positive sentiment and bounced off 1.3840 higher base, to test levels close to fresh high at 1.3965, posted on 13 Mar. Near-term price action moves in triangular consolidation, after recovery rally stalled at 1.3946 yesterday. Triangle support lies at 1.3910, also Fibonacci 38.2% retracement of 1.3844/1.3946 ascend, ahead of higher base at 1.3880, also 61.8% retracement, above which stronger pullbacks should find ground to keep near-term positive tone in play. Fresh attempt through 1.3965 opens short-term target and psychological barrier at 1.4000 and 1.4056, Fibonacci 138.2% expansion of the wave from 1.3642, in extension. Conversely, slide below 1.3880 would delay bulls and risk retest of near-term base at 1.3840 zone and daily channel support at 1.3800.

Res: 1.3946; 1.3965; 1.4000; 1.4056
Sup: 1.3910; 1.3880; 1.3840; 1.3800

GBPUSD

Cable remains in near-term sideways mode, with price action attempting at the range’s lower boundary, as recovery attempts were capped at 1.6664, keeping immediate barriers at 1.6700/16 intact for now. Near-term studies are negatively aligned, with fresh acceleration lower, attempting below psychological 1.66 handle. Immediate focus lies at lowered range floor at 1.6566, below which to open 1.6536, 50% retracement and psychological 1.6500 support in extension and signal stronger correction of larger upleg from 1.5853 to 1.6821. Otherwise, holding above 1.6566, would signal extended sideways trading and only regain of pivotal 1.6716 barrier, to improve the structure and shift focus higher.

Res: 1.6664; 1.6700; 1.6716; 1.6740
Sup: 1.6566; 1.6536; 1.6500; 1.6451

USDJPY

Near-term price action moves in a consolidative mode above fresh low at 101.19, after the pair fully retraced 101.19/103.75 upleg. Hourly studies turned positive, as the price approached psychological 102 barrier, where gains were capped by 4-hour 20SMA for now. On the other side, negative 4-hour studies see the action limited. Ideally, rallies should be capped under 102.50, midpoint of 103.75/101.20 descend, to keep bears intact. Break below 101.19 handle is required to open another significant support at 100.74, 03/05 Feb base and psychological 100 support in extension. Only break above 102.50 and 102.80, Fibonacci 61.8% retracement of 103.75/101.19 would improve near-term structure.

Res: 101.93; 102.17; 102.50; 102.80
Sup: 101.50; 101.20; 101.00; 100.74

AUDUSD

The pair trades in a choppy mode, with near-term structure being positive, as the price stabilizes above near-term base at 0.9000, reinforced by daily 20SMA / Tenkan-sen / Kijun-sen bull cross. Fresh bounce cracked psychological 0.9100 barrier in attempt at pivotal 0.9132 resistance, break of which to resume recovery rally from 0.8658, 24 Jan low, which is interrupted by current consolidation. Clearance of 0.9132 opens 0.9165, 10 Dec 2013 high and 0.9206, 50% retracement of larger 0.9755/0.8658 descend. Initial support lies at 0.9060, hourly 55SMA, while only loss of 0.9000 base would increase downside pressure and signal double-top formation.

Res: 0.9108; 0.9132; 0.9165; 0.9206
Sup: 0.9060; 0.9000; 0.8923; 0.8900

 

[riya.bajaj.9256]

I love to read this post. Thank you for this post.

 

[WindsorBrokers]

EURUSD

The Euro showed limited action during past few sessions, with price action moving within narrow 1.3880/1.3940 range, awaiting today’s FOMC decision. Hourly tone is neutral, as the price forms bullish pennant, while larger pictures maintain positive tone and favor eventual push towards short-term target at 1.4000. Recent range tops, along with bear-trendline off 1.3965, offer initial resistance, ahead of fresh high at 1.3965 and psychological 1.4000 barrier, also daily channel resistance. Break here to resume larger uptrend, interrupted by 1.3965/1.3840 corrective phase and expose next targets at 1.4056, double-Fibonacci resistance 138.2% expansion of the third wave from 1.3642 and 138.2% projection of the downmove from 1.3892 to 1.3475. Narrowed range floor at 1.3880 offers immediate support, ahead of the first pivot at 1.3840 higher platform / Fibonacci 38.2% retracement of 1.3642/1.3965 upleg and only break here would sideline near-term bulls in favor of deeper pullback towards 1.3800, 50% retracement / channel support; 1.3765, Fibonacci 61.8% retracement of 1.3642/1.3965 rally and 1.3700, higher base / round-figure support / 76.4% retracement.

Res: 1.3946; 1.3965; 1.4000; 1.4056
Sup: 1.3900; 1.3880; 1.3840; 1.3800

GBPUSD

Cable came under pressure and ended the second day in red, after fresh weakness broke below near-term range floor, to post fresh low at 1.6544, where daily 55SMA contained dips for now. Weak near-term studies favor further downside, with psychological 1.6500 support, also daily Ichimoku cloud top coming next, ahead of 1.6451, Fibonacci 38.2% retracement of larger 1.5853/1.6821 ascend. Corrective rallies are expected to precede fresh leg lower, with regain of 1.66 handle expected to open 1.6646/64 barriers, where rallies should be ideally contained. Pivotal resistance lies at 1.6716, 13 Mar peak and only break here to improve near-term structure.

Res: 1.6608; 1.6646; 1.6664; 1.6700
Sup: 1.6544; 1.6500; 1.6451; 1.6400

USDJPY

Near-term price action moves in a consolidative mode above fresh low at 101.19, after the pair fully retraced 101.19/103.75 upleg. Near-term tone remains weak, as recovery attempts were capped under psychological 102 barrier, with descending 4-hour SMA limiting the upside for now and bull-trendline off 100.74 low being cracked. Break below 101.19 handle is required to open another significant support at 100.74, 03/05 Feb base and psychological 100 support in extension. Only break above 102.50 and 102.80, Fibonacci 61.8% retracement of 103.75/101.19 would improve near-term structure.

Res: 101.93; 102.17; 102.50; 102.80
Sup: 101.29; 101.19; 101.00; 100.74

AUDUSD

The pair maintains positive near-term tone and eventually broke above psychological 0.9100 barrier, to crack key near-term resistance and pivotal point at 0.9132, on extension to 0.9137 so far. Positive near-term technicals keep the upside favored, with clear break above of 0.9132 barrier, expected to open 0.9151, 200SMA; 0.9165, 10 Dec 2013 high and 0.9206, 50% retracement of larger 0.9755/0.8658 descend. Corrective dips would face initial support at 0.91 zone, also hourly 55SMA and higher low at 0.9062, Fibonacci 38.2% retracement of 0.8923/0.9137, seen as ideal reversal point to keep bulls intact.

Res: 0.9137; 0.9151; 0.9165; 0.9206
Sup: 0.9100; 0.9060; 0.9030; 0.9000

 

[rajujjan]

Do you provide only short term analysis only? means no intraday or long position?

 

[WindsorBrokers]

EURUSD

The Euro ended week in red after rallying for six consecutive weeks, trading in corrective phase off fresh 4 ½ month high at 1.3965. The pullback found temporary footstep at 1.3748, with consolidative action so far being capped by hourly 55SMA / daily Kijun-sen line at 1.38 zone, also near 38.2% Fibonacci retracement of 1.3923/1.3748 fall. Hourly studies are gaining traction, however, limited upside action is seen for now, as 4-hour structure remain negative, with 1.3840/50 zone, lower top of 20 Mar and Fibonacci 61.8%, expected to ideally cap, before fresh leg lower commences. Extension below 1.3748 to open 1.3720, double Fibonacci / 04/06 Mar higher platform and psychological 1.3700 support in extension. Alternatively, fresh strength through 1.3850 and regain of 1.39 handle, would bring bulls back in play and signal an end of corrective phase, with 1.3965 peak and short-term target at 1.4000, expected to come in near-term focus.

Res: 1.3809; 1.3840; 1.3856; 1.3882
Sup: 1.3785; 1.3764; 1.3748; 1.3720

GBPUSD

Cable remains under pressure, with Friday’s close under psychological 1.65 barrier and the second week’s close in red, confirming negative structure and seeing risk of further weakness. Last Friday / overnight lows at 1.6470, also Fibonacci 61.8% retracement of 1.6250/1.6821 upleg, where the pair attempts to consolidate, are coming under pressure, as near-term studies maintain negative tone. Break here to open next target at 1.6451, Fibonacci 38.2% retracement of larger 1.5853/1.6821 ascend, 100SMA at 1.6417 psychological 1.6400 support in extension. On the upside, consolidation top at 1.6517, offers initial resistance, with 20 mar lower top at 1.6466 coming next and any stronger rally expected to be capped at 1.66 zone, near 38.2% of 1.6784/1.6471 downleg.

Res: 1.6517; 1.6543; 1.6566; 1.6600
Sup: 1.6471; 1.6451; 1.6400; 1.6385

USDJPY

Near-term price action remains supported, as corrective pullback off recovery high at 102.67, was contained at 102 handle, also 4-hour 20/55 SMA’s bull-cross and fresh strength attempts at 102.67 peak, reinforced by daily 55SMA. Positive near-term studies keep the upside favored, with break above 102.67 to open 103 barrier, psychological resistance, reinforced by daily cloud top, ahead of key near-term resistance at 103.75, 07 Mar peak. Conversely, increased downside risk could be expected in case of violation of 102 handle.

Res: 102.67; 102.80; 103.09; 103.42
Sup: 102.35; 102.00; 101.80; 101.50

AUDUSD

The pair trades within 0.9047 and 0.91 range, following overnight’s 0.90101/0.9047 pullback and bounce higher. Psychological 0.91 barrier is under pressure, with positive near-term studies favoring break higher to resume near-term recovery phase off 0.8994, 20 Mar higher low and open key barriers and congestion tops at 0.9132/37, reinforced by 200SMA. Break here is required to signal resumption of larger uptrend from 0.8889 and open 0.9135, 10 Dec 2013 peak and 0.9206, 50% retracement of 0.9755/0.8658 descend. Strong support and higher base at 0.9000 should keep the downside protected to keep near-term bulls in play.

Res: 0.9100; 0.9137; 0.9165; 0.9206
Sup: 0.9047; 0.9000; 0.8975; 0.8935

 

[riya.bajaj.9256]

The Sensex rose 300 points to 22055 and Nifty climbed 88 points to 6583. European stocks are trading down.

 

[WindsorBrokers]

EURUSD

The Euro bounced through 1.3820 barrier which capped near-term consolidation and spiked at 1.3874, marking 61.8% retracement of 1.3946/1.3748 fall. Formation of double-bottom pattern signals further upside, as hourly technicals are positive. Pullback off fresh high at 1.3874 attempts to consolidate above previous peak at 1.3825, with hourly bullish 20/55SMA’s cross at 1.3800, underpinning the action. Holding above the latter would keep freshly established bulls in play for further recovery towards 1.3900 and lower platform at 1.3930/40 zone. However, negatively aligned 4-hour studies require caution, as failure to extend gains above initial 1.3874, would keep the downside vulnerable, with loss of 1.38 handle to bring bears back in play for possible retest of 1.3759/48 lows.

Res: 1.3874; 1.3900; 1.3940; 1.3965
Sup: 1.3825; 1.3800; 1.3759; 1.3748

GBPUSD

Cable remains under pressure and posted marginally lower low at 1.6464, with near-term price action moving in consolidative mode, following yesterday’s short-lived spike to 1.6535, where broken bear-channel support line and Fibonacci 38.2% of 1.6652/1.6464 downleg capped rally. Hourly studies are neutral, while bears dominate on 4-hour chart and favor further downside. Immediate target lies at 1.6451, Fibonacci 38.2% retracement of larger 1.5853/1.6821 ascend, ahead of daily 100 SMA at 1.6423 and psychological 1.6400 support. Alternative scenario requires break above 1.6535 to signal basing attempt and allow for stronger recovery towards 1.6558, 50% retracement / 55SMA and 1.6580, Fibonacci 61.8%. Key near-term barriers and breakpoints lay at 1.6652/64, above which to confirm formation of higher low at 1.6464.

Res: 1.6517; 1.6535; 1.6558; 1.6580
Sup: 1.6464; 1.6451; 1.6400; 1.6385

USDJPY

The pair is near-term neutral mode, with price being entrenched within 102.00/63 range and trading in sideways mode. Hourly studies are losing traction after repeated failure at the range tops, with range floor being under pressure. On the 4-hour chart positive tone remains in play, however, break below 20 and 55SMA’s keeps the downside vulnerable. Slide below 102 handle, mid-point of 101.29/102.67 range and 101.80, 61.8% retracement, would signal further weakness and risk return to 101.20 base. Conversely, clearance of the range ceiling at 102.67 and Fibonacci 61.8% of 103.75/101.19 at 102.77, to confirm bullish resumption towards 103.00 and 103.42/75 in extension.

Res: 102.33; 102.67; 102.77; 103.09
Sup: 102.00; 101.80; 101.50; 101.20

AUDUSD

The pair eventually broke above key near-term barriers at 0.9132/37 and 200SMA at 0.9141,with fresh peak being posted at 0.9156 and confirmation seen on a daily close above previous peaks. Bullish near-term studies are supportive for such scenario, with immediate targets laying at 0.9165, 10 Dec 2013 peak and 0.9206, 50% retracement of 0.9755/0.8658 descend. To keep bulls intact, consolidative / corrective actions should be ideally contained near 0.9100, Fibonacci 38.2% of 0.8994/0.9156 rally / bull-trendline off 0.8994 higher low. Key near-term support and breakpoint lies at 0.900 higher base and break here would be bearish.

Res: 0.9156; 0.9165; 0.9206; 0.9269
Sup: 0.9118; 0.9100; 0.9075; 0.9047

 

[WindsorBrokers]

EURUSD

The Euro trades in a narrow range, after failing to sustain attempts above 1.38 handle, reinforced by daily Kijun-sen line as broken channel support line capped rallies. Narrow consolidation around 1.3780 is expected to precede fresh weakness towards 1.3748 base, as near-term technicals are negative. Break here to confirm lower top formation at 1.3874 and resume larger downtrend from 1.3965, towards 1.3720, 50% retracement of 1.3475/1.3965 upleg and 1.3700, higher base / daily 55SMA, with extension lower to open 1.3662, Fibonacci 61.8% retracement, reinforced by daily 100SMA. On the upside, 1.3800 offers immediate resistance, ahead of 1.3845, 25 Mar tops and pivotal 1.3867, 24 Mar peak, above which to shift near-term focus higher.

Res: 1.3800; 1.3845; 1.3867; 1.3900
Sup: 1.3780; 1.3759; 1.3748; 1.3720

GBPUSD

Cable extends near-term recovery phase off 1.6464, 24 Mar low and regained initial 1.6586 barrier, Fibonacci 38.2% retracement of the downleg from 1.6784 to 1.6464, approaching psychological 1.66 hurdle. Corrective action on overbought hourly studies should precede fresh attempt higher, as near-term technicals turned positive. Clear break above 1.66 barrier to confirm bottom at 1.6464, with extension to 1.6660 lower base and Fibonacci 61.8% retracement, required to complete 4-hour cup-and holder pattern and trigger further recovery. However, caution is required as daily technicals are negative and risk of lower top formation under 1.6660, remains in play. Solid support at 1.6545, Fibonacci 38.2% of 1.6464/1.6595 upleg, reinforced by hourly 55SMA, should ideally contain dips and keep freshly established bulls off 1.6464 in play.

Res: 1.6584; 1.6600; 1.6624; 1.6660
Sup: 1.6545; 1.6514; 1.6500; 1.6480

USDJPY

The pair’s near-term structure weakens, as the price dipped below near-term consolidation range floor and strong support at 102.00, also cracking the next support at 101.80. Hourly indicators are establishing in the negative territory, while 4-hour ones are attempting below the midlines that increases downside pressure. Clear break below 101.80 handle, also 61.8% retracement of 101.26/102.67 upleg, to confirm lower platform formation at 102.65 zone and trigger fresh weakness for possible retest of strong 101.20 base. Alternative scenario requires break above 102.67 to bring bulls back in play and resume recovery off 101.20 through Fibonacci 61.8% barrier at 102.77, towards levels above psychological 103.00 resistance, where near-term congestion to at 103.75 stands.

Res: 102.47; 102.67; 102.77; 103.15
Sup: 102.00; 101.71; 101.50; 101.20

AUDUSD

The pair maintains positive near-term tone and continues to trend higher, with near-term price action stabilizing above 0.9200 handle, after posting fresh annual high at 0.9244. Overall bulls see scope for further gains towards psychological 0.9300 barrier and 0.9314, Fibonacci 100% expansion of the wave from 0.8889, 03 Mar low. However, rallies may be interrupted by consolidative /corrective actions, as near-term studies are overbought. Initial supports lay at 0.9215/00, ahead of 0.9150, Fibonacci 38.2% of 0.8994/0.9244 upleg and previous peaks at 0.9137/32, above which any stronger pullback should be ideally contained.

Res: 0.9244; 0.9269; 0.9300; 0.9314
Sup: 0.9215; 0.9200; 0.9150; 0.9132

 

[aqeelfhr]

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[WindsorBrokers]

EURUSD

The Euro consolidates above the fresh low at 1.3704, posted last Friday, where the fall met its Fibonacci 76.4% expansion of the third wave off 1.3874, 24 Mar lower top. The second consecutive weekly close in red signals further downside, however, formation of Morning Star pattern on the daily chart suggests correction. Today’s close above initial 1.3770 and strong 1.3800 barrier, also Fibonacci 38.2% retracement of 1.3965/1.3704 downleg is required to confirm the pattern formation and allow for stronger bounce towards 1.3846 and pivotal 1.3874 barrier. Hourly studies are neutral, while negative tone prevails on 4-hour chart technicals, keeping the downside vulnerable. Violation of 1.37 handle, also near daily Ichimoku cloud top, to neutralize correction attempts and signal resumption of larger downtrend, with next targets standing at 1.3662/50, Fibonacci 61.8% retracement of 1.3475/1.3965 and 100% expansion of the wave from 1.3874.

Res: 1.3770; 1.3800; 1.3845; 1.3874
Sup: 1.3730; 1.3700; 1.3662; 1.3650

GBPUSD

Cable steadies above 1.66 support and consolidates fresh gains that peaked just ahead of pivotal 1.6665 barrier, break of which is required to confirm near-term base at 1.6464 and complete cup-and-holder pattern, for further retracement of 1.6821/1.6464 pullback. Break higher opens 1.6700/16 hurdles, ahead of trendline resistance at 1.6735, clearance of which to expose key barriers at 1.6784 and 1.6821, 07 Mar / 17 Feb peaks. Positive near-term studies support the notion, however, break of 1.6716/35 hurdles is required to confirm improvement of daily studies for eventual push towards 1.6821 peak.

Res: 1.6657; 1.6665; 1.6700; 1.6716
Sup: 1.6626; 1.6600; 1.6576; 1.6555

USDJPY

The pair eventually broke above near-term congestion tops at 102.67, attempting at psychological 103.00 barrier and 103.15, Fibonacci 76.4% retracement of 103.75/101.19 descend. Positive near-term studies keep the upside in focus, however, bulls may be delayed by overbought hourly conditions, with consolidative action to be ideally contained at previous range tops. Improving daily studies require clear break above 103 handle, also daily Ichimoku cloud top, to confirm bullish resumption towards pivotal resistance at 103.75, 07 Mar peak.

Res: 103.00; 103.15; 103.42; 103.75
Sup: 102.67; 102.46; 102.19; 102.00

AUDUSD

The pair maintains positive near-term tone and consolidates under fresh high at 0.9294, posted last Friday. Strong support at 0.9200, Fibonacci 38.2% of 0.9047/0.9294 upleg, stays intact for now, with break here required to confirm formation of daily evening star pattern and trigger stronger pullback towards 0.9170/41, 50% and 61.8% retracement, with the latter being reinforced by 200SMA. Overall positive outlook favors further upside, with initial targets laying at 0.9314, Fibonacci 100% expansion of the third wave from 0.8894 and 0.9336, Fibonacci 61.8% retracement of 0.9755/0.8658 descend.

Res: 0.9300; 0.9314; 0.9336; 0.9400
Sup: 0.9215; 0.9200; 0.9170; 0.9141

GOLD

Spot Gold remains under pressure, with fresh low at 1285 being posted last Friday and near-term consolidation above the latter under way. Previous strong support, now resistance at 1300, reinforced by 4-hour 20SMA and 200SMA, so far caps upside attempts. Overall negative tone and weekly close below psychological 1300 barrier, favor further downside, with bears to be interrupted by consolidative / corrective phases. Penetration of 1300 is required to confirm corrective action, which is seen ideally capped at 1316 lower platform. Only break here would delay bears for more significant correction. On the downside, 1288/85 offer initial supports, ahead of 1273, 100SMA and 1262, Fibonacci 61.8% retracement of 1182/1392 ascend.

Res: 1300; 1307; 1316; 1320
Sup: 1292; 1288; 1285; 1278



SILVER

Spot Silver consolidates fresh losses that found temporary support at 19.56 yesterday, with corrective action being so far capped under psychological 20.00 barrier. With hourly studies turning positive, further upside could be expected, as bullish MACD divergence is developing on 4-hour chart that is supporting the notion. However, sustained break above initial 20.00 barrier and lower platform at 20.20 is required to confirm recovery and avert immediate risk of extension towards 19.30/11 and key short-term support and target at 18.99, 30 Jan year-to-date low.

Res: 20.00; 20.20; 20.40; 20.56
Sup: 19.72; 19.56; 19.30; 19.11