Go Back   ManagementParadise.com Discussion Forums Quiz , Marketplace and Community games > Stock Markets Tips & Gyan !!

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

Discuss Short Term Technical Analysis for Majors (07:00 GMT) within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; EURUSD The Euro is unchanged and moves within narrow consolidative range of 1.3490 and 1.3535, with hourly studies in neutral ...

Reply

 

Thread Tools Display Modes
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - February 5th, 2014

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


Advertisements

Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - February 10th, 2014

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

Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - February 13th, 2014

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


Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - February 24th, 2014

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

Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - February 26th, 2014

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

Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - March 4th, 2014

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

Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - March 10th, 2014

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
Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - March 11th, 2014

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

Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - March 12th, 2014

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,

Friends: (0)
Reply With Quote
Re: Short Term Technical Analysis for Majors (07:00 GMT)
Old
Windsor Brokers
WindsorBrokers is an unknown quantity at this point
 
WindsorBrokers
Analyst at Windsor Brokers
Management Paradise Newbie
Status: Offline
Posts: 215
Join Date: Mar 2010
Re: Short Term Technical Analysis for Majors (07:00 GMT) - March 13th, 2014

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
Friends: (0)
Reply With Quote
Reply

Bookmarks

Tags
0700, analysis, gmt, majors, short, technical, term
Related to Short Term Technical Analysis for Majors (07:00 GMT)
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Short Term Technical Analysis for Majors (07:00 GMT) Windsor Brokers Stock Markets Tips & Gyan !! 0 January 15th, 2013 02:47 PM
short term calls buy and hold Sdsd Dsds Stock Markets Tips & Gyan !! 0 April 25th, 2006 08:20 PM
BUY and HOLD for 20% Gains in Short Term Vijith Pujari Stock Markets Tips & Gyan !! 0 March 27th, 2006 02:33 AM
BUY These SIX Scrips for Short Term Gains Vijith Pujari Stock Markets Tips & Gyan !! 0 January 27th, 2006 11:29 PM
SEBI paper on short selling...most welcome Vijith Pujari Stock Markets Tips & Gyan !! 0 January 21st, 2006 10:19 PM
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.



Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.