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Old 01-12-2011, 03:30 AM   #1

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Short Term Technical Analysis for Majors (Updated 2x Daily)

EUR/USD
Decline from 1.3431 has so far found support at 1.2872, with correction under way. Clearance of 1.3018 brings in focus 1.3085, key near-term resistance, 38.2% of 1.3431/1.2872 downleg and 200 day moving average. While holding below the latter, immediate focus remains on retest of 1.2872, break of which opens way towards 1.2702, short-term. Above 1.3085, would allow for stronger correction and expose 1.3150/1.3215, 50% / 61.8% respectively.

Res: 1.3018, 1.3054, 1.3085, 1.3150
Sup: 1.2993, 1.2943, 1.2904, 1.2872





GBP/USD
Break above near-term triangle pattern and test of key near-term resistance at 1.5659, increases hopes of further recovery from 1.5343, with immediate focus on 1.5692, 61.8% retracement of 1.5910/1.5343 downleg. Upside, 1.5910 remains key, with break here to signal higher low at 1.5343 and opens way for further retracement of 1.6297/1.5343 decline. Failure to clearly break through 1.5659, however, sours the tone .

Res: 1.5659, 1.5692, 1.5714, 1.5770
Sup: 1.5614, 1.5544, 1.5511, 1.5474





USD/JPY
Continues to trade in a consolidative mode after the pullback from 83.67 high found support at 82.67. Yesterday’s rejection at 83.48, just under 83.67 peak, warns of fresh weakness, with break under 82.67/62, yesterday’s low / 38.2% retracement of 80.92/83.67 upleg, needed to confirm and open 82.30, 50% / 04 Jan high, possibly 81.97, 61.8%, loss of which would signal an end of corrective phase from 80.92. Upside break through 83.48/67, however, resumes recovery and opens 83.90/84.19.

Res: 83.40, 83.48, 83.67, 83.90
Sup: 82.89, 82.67, 82.62, 82.30



USD/CHF
Maintains uptrend from 93.01 after reversal from 0.9706 found support at 0.9594 and fresh strength extended through 0.9706 to 0.9782 so far. This marks over 61.8% of 1.0064/0.9301 downleg, with immediate focus on 0.9850, 13 Dec 10 high and 0.9882, 76.4% retracement, then 0.9913, 08 Dec 10 high. Corrective pullbacks should be contained by 0.97 zone to keep immediate bulls in play, while loss of 0.9592 delays.

Res: 0.9782, 0.9815, 0.9850, 0.9882
Sup: 0.9725, 0.9700, 0.9658, 0.9594
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Old 02-10-2011, 10:05 AM   #2

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Short Term Technical Analysis for Majors (14:00 GMT)

EUR/USD
Extends reversal from yesterday’s fresh high at 1.3743, losing supports at 1.3610/1.3590, to turn near-term tone bearish and expose 1.3507, key near-term support, for retest. Loss of the latter will confirm lower top at 1.3743 and signal further retracement of 1.2872/1.3860 upleg, with immediate focus on 1.3483, 38.2% and 1.3395 on a break. However, holding above 1.3507 keeps hopes of fresh recovery alive, with regain of 1.3743 needed to reopen 1.3766 and 1.3824.

Res: 1.3652, 1.3687, 1.3743, 1.3766
Sup: 1.3570, 1.3542, 1.3507, 1.3483





GBP/USD
Today’s fresh weakness briefly broke through 1.6035 support, with sustained break lower to weaken the near-term structure. Downside loss of 1.5990/53 to sideline near-term bulls and open key supports at 1.5821/1.5750 for retest. Upside, 1.6123 caps for now and only break here to improve tone, while clearance of 1.6161/84 needed to re-expose 1.6277//97.

Res: 1.6073, 1.6123, 1.6160, 1.6184
Sup: 1.6010, 1.6002, 1.5965, 1.5953





USD/JPY
Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after temporary support was found at 82.19 yesterday, and clearance of previous high at 82.65 currently testing 83.00/20 zone. Break here is required to confirm higher low at 81.10 and look for test of 83.67, to open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Immediate supports lie at 82.50/20, ahead of 81.76, loss of which to re-expose 81.10/80.92, key near-term support zone.

Res: 83.20, 83.67, 83.88, 84.49
Sup: 82.60, 82.49, 82.19, 81.99






USD/CHF
Extends near-term recovery from 0.9327, to break above 0.9607, 61.8% of 0.9782/0.9327 decline, and reach 0.9676 so far, just under of 0.9685, 21 Jan previous high, after shallow correction from 0.9659 found footstep at 0.9550. Break above 0.9685 to focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. At the downside, 0.9550/21 zone offers immediate support.

Res: 0.9685, 0.9739, 0.9762, 0.9784
Sup: 0.9610, 0.9550, 0.9522, 0.9490

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Old 02-11-2011, 11:07 AM   #3

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

EUR/USD

Continues to decline following an upside rejection at 1.3743 on 09 Feb and break through 1.36 support zone, to dent key near-term support at 1.3505. Clear break here will open way for fresh leg lower and expose 1.3483, 61.8% retracement of 1.2872/1.3680, ahead of 1.3395, 20 Jan low and 1.3365, 50% level. Near-term studies favor further weakness, with 1.3620/36 expected to cap corrective attempts on oversold hourly conditions.

Res: 1.3540, 1.3575, 1.3620, 1.3636
Sup: 1.3504, 1.3483, 1.3441, 1.3395



GBP/USD

Extends weakness through 1.6010/1.5990 support zone, to reach fresh low at 1.5964, after yesterday’s recovery failure at 1.6136. This marks nearly 61.8% retracement of 1.5750/1.6277 ascend, with break below the latter to trigger further extension reversal from 1.6277 peak, to possibly expose 1.5821 and 1.5750, key near-term higher low. Upside, 1.6010/35 zone offers immediate resistance, and only regain of 1.6136 to signal fresh strength.

Res: 1.6010, 1.6035, 1.6068, 1.6112
Sup: 1.5964, 1.5950, 1.5920, 1.5895





USD/JPY

Bounce off 81.10, 04 Feb fresh low, keeps near-term focus at the upside after support was found at 82.19, and clearance of 83.00/20 resistance zone, now approaching 83.67, 07 Jan high. Break here is required to confirm higher low at 81.10 and open key short-term resistance at 84.49, break of which will signal an extension of recovery attempt from 80.24, 01 Nov 2010 low. Correction on overbought hourly conditions is under way, with 82.60/50 expected to contain dips.

Res: 83.67, 83.88, 84.49, 85.00
Sup: 83.05, 82.60, 82.50, 82.19






USD/CHF

Extends near-term recovery from 0.9327, to break above 0.9685, 21 Jan previous high and 0.97 barrier, and extend gains to 0.9747 so far.. This brings in focus key near-term resistance zone at 0.9762/84, clearance of which is required to resume recovery from 0.9301, 31 Dec 2010 historical low. Immediate support lies at 0.9685, now reverted to support, with further dips to be contained by 0.9587, to keep immediate bulls in play.

Res: 0.9747, 0.9762, 0.9784, 0.9800
Sup: 0.9685, 0.9660, 0.9625, 0.9587
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Old 02-14-2011, 04:00 AM   #4

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Short Term Technical Analysis for Majors (08:00 GMT)

EUR/USD

Trades in a corrective/consolidative mode after fresh weakness from 1.3743, 07 Feb lower high, briefly broke below 1.3507, 07 Feb low, last Friday. Immediate resistance lies at 1.3570/76, ahead of 1.3619/37, 50% retracement of 1.3743/1.3496 down leg / 10 Feb high. Downside, 1.3516/1.3496, 55 day MA / Friday’s fresh low, underpins the corrective attempt, while regain of 1.3650 needed to re-expose 1.3743, otherwise, early upside rejection lower top and fresh attempt at 1.3496, loss of which will resume the near-term downtrend and open 1.3483, 61.8% of 1.2872/1.3860, then 1.3395, 20 Jan low.

Res: 1.3557, 1.3576, 1.3619, 1.3636
Sup: 1.3527, 1.3507, 1.3496, 1.3483




GBP/USD

Upside rejection at 1.6136 triggered fresh weakness through 1.6010/1.5990 support zone, to post fresh lows at 1.5964/57 last Friday. Recovery attempt is under way, with clearance of 1.6090, trendline connecting 1.6277 and 1.6136, needed to signal further recovery and look for test of 1.6136. Above here to target 1.6157/84 zone. Failure under 1.6136, however, would signal resumption of recent downtrend from 1.6277 and re-open 1.5957, then 1.5821, possibly 1.5750, key near-term support, on a break..

Res: 1.6076, 1.6090, 1.6112, 1.6136
Sup: 1.6000, 1.5964, 1.5957, 1.5920




USD/JPY

Remains a in a near-term uptrend off 81.10, 04 Feb low, with break above 83.20 barrier, extending gains to test 83.67, 07 Jan lower high. Break here is needed to open key near-term resistance at 84.49, break of which will signal an extension of recovery from 80.24, 01 Nov 2010 low. Immediate support lies at 83 zone, while loss of 82.19/07 will end hopes of recovery and re-focus 81.10/80.92.

Res: 83.67, 83.88, 84.49, 85.00
Sup: 83.05, 82.80, 82.60, 82.19




USD/CHF

Extends near-term recovery from 0.9327, to break above 0.9685/0.97 resistance zone, and 0.9762, extending gains to 0.9773, just under key short-term resistance at 0.9784. Clearance of the latter will confirm double bottom and open way for fresh leg higher, exposing 0.9850 initially. Downside, 0.9680/60 zone offers immediate support, while only loss of 0.9520/00 will turn focus lower.


Res: 0.9773, 0.9784, 0.9800, 0.9850
Sup: 0.9680, 0.9660, 0.9603, 0.9550

Last edited by TheNegotiator; 02-14-2011 at 04:55 AM.
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Old 06-09-2011, 10:10 AM   #5

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

B]EUR/USD[/B]
Near-term tone turns negative after upside failure at 1.4650 triggered sharp fall through strong support at 1.4560, to test 1.4500 zone, ahead of next significant support at 1.4450, 03 June low. Hourly studies in oversold zone suggest bounce, with immediate barrier at 1.4560, now reverted to resistance, ahead of 1.4590, while only regain of 1.4650 improves the near-term outlook.

Res: 1.4560, 1.4590, 1.4650, 1.4687
Sup: 1.4450, 1.4413, 1.4400, 1.4345




GBP/USD

Renewed attempt at 1.6471 barrier has failed at 1.6465, with subsequent reversal pushing through trendline support at 1.6395, en-route to 1.6347, yesterday’s low. Break here would confirm near-term top at 1.6370 zone and expose key short-term supports at 1.6300/1.6285, loss of which would confirm lower top at 1.6546 and open way for fresh leg lower. Dynamic supports lie at 1.6330, daily 55 day MA and 1.6263, 90 day MA. Corrective actions are seen limited at 1.6400 for now.

Res: 1.6400, 1.6438, 1.6456, 1.6471
Sup: 1.6347, 1.6323, 1.6300, 1.6285




USD/JPY

Continues to trade in a narrow range after corrective attempt from 79.68, yesterday’s fresh low, regained 80.00 handle but gains so far limited at 80.30 zone. Near-term studies see scope for further correction, with break above 80.30 to focus 80.70 zone, previous lows / 55 day MA, where bears are expected to re-assert for fresh leg lower. Only regain of 81.76 would improve the short-term outlook. On the downside, loss of 79.68, opens 79.55, then 79.06.

Res: 80.29, 80.38, 80.50, 80.70
Sup: 79.96, 79.68, 79.55, 79.06





USD/CHF

Breaks above the recent narrow consolidative range above fresh all-time low at 0.8326, to test immediate barrier at 0.8450, break of which is sought for fresh correction towards 0.8500/50 zone, also near Fib 38.2% of 0.8944/0.8325 downleg. On the downside, 0.8400/0.8380 zone offers initial support, along with 20 day MA, currently at 0.8365, underpinning the recent advance.

Res: 0.8444, 0.8451, 0.8500, 0.8550
Sup: 0.8400, 0.8380, 0.8345, 0.8325

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Old 06-13-2011, 03:54 AM   #6

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Short Term Technical Analysis for Majors (07:30 GMT)

EUR/USD

Maintains negative tone after Friday’s loss of strong support at 1.4450 and sharp fall towards 1.4300, key short– term support. The pair is currently in a near-term consolidative phase after closing at 1.4330 on Friday and posting fresh low at 1.4320 overnight. Hourly chart regains momentum and attempt to break above 20 day MA that would signal correction, as near-term studies are in oversold zone. Upside looks capped at 1.4450/1.4500 for now, as wider picture studies point to the downside, with loss of daily 55 day MA, looking for attempt through 1.4300, to possibly test 1.4250 zone, 30 May lows / Fib 61.8% of 1.3968/1.4695 ascend.

Res: 1.4375, 1.4400, 1.4450, 1.4470
Sup: 1.4320, 1.4306, 1.4260, 1.4245




GBP/USD

Extended losses from 1.6471, clearing key short-term support at 1.6300 zone and Fib 61.8% of 1.6057 / 1.6545 upleg at 1.6244, to test levels just above 1.6200 handle. Current narrow consolidation at 1.6230/40 zone would likely precede fresh weakness, as near-term structure remains negative. However, oversold conditions may trigger further corrective action, with strong barrier at 1.6300/20 expected to cap. Below 1.6200 focus comes at 1.6131, 25 May low, ahead of possible full retracement and test of 1.6057, seen near-term.

Res:1.6257, 1.6300, 1.6323, 1.6350
Sup: 1.6214, 1.6200, 1.6160, 1.6131





USD/JPY

Corrective action from 79.68, 08 May fresh one-month low, regained 80.00 handle, extending gains above 80.45, Friday’s high, to hit 80.68, ahead of pullback. Hourly 20 day MA is expected to hold, to maintain near-term positive structure, for possible attempt at 81.00/31 zone next. On the downside, loss of 80./30/20 support area would risk fresh weakness towards 80.10/00, below which would turn bearish and expose 79.68/55, possibly 79.06 on a break.

Res: 80.55, 80.70, 81.00, 81.31
Sup: 80.30, 80.25, 80.10, 80.00





USD/CHF

Remains constructive above 0.8325 record low, as fresh gains reclaimed 0.8440/50 previous highs while 0.8395, Friday’s low / 20 day MA holds. Further price action is seen towards 0.8500/44 levels, as daily indicators started pointing higher.

Res: 0.8450,0.8466, 0.8500, 0.8550
Sup: 0.8414, 0.8395, 0.8380, 0.8345

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Old 07-07-2011, 04:27 AM   #7

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

EUR/USD

Consolidates around 1.4300, previous support area, after fresh losses through the latter extended to retrace 61.8% of 1.4102/1.4576 ascend at 1.4285, yesterday’s low. Near-term studies remain skewed to the downside, as daily outlook loses momentum. Corrective action on oversold hourly conditions is for now seen capped at 1.4400/35 zone, with fresh weakness through 1.4285 to target 1.4236/00, ahead of trendline support at 1.4165.

Res: 1.4346, 1.4369, 1.4396, 1.4435
Sup: 1.4310, 1.4285, 1.4236, 1.4200




GBP/USD

Remains under pressure after fully retracing the latest recovery attempt from 1.5947, yesterday’s low, that stalled at 1.6017 and subsequent weakness posted fresh low at 1.5943 today. Negative near-term picture favors further losses, with key support at 1.5910 in focus, as pair continues to channel lower from 1.6745 and broke below 200 day MA, on a daily chart. On the upside, immediate barrier lies at 1.6000 zone, while 20 day MA, currently at 1.6055, is expected to cap corrective attempt. Regain of key short-term barrier at 1.6139 would improve and signal fresh strength.

Res: 1.6000, 1.6017, 1.6038, 1.6048
Sup: 1.5943, 1.5910, 1.5880, 1.5821




USD/JPY

Is trading in a near-term sideways mode after failure to hold gains above 81.00 mark triggered reversal through triangle support. Temporary support was so far found at 80.75, just ahead of 80.70 support, keeping hopes of fresh attack at/through 81.00 barrier, to focus key short-term level at 81.26, break of which is needed to maintain recovery phase from 79.68 and expose 81.76/82.20 resistances. On the downside, loss of 80.70 weakens near-term tone for 80.25/00.

Res: 81.00, 81.09, 81.18, 81.26
Sup: 80.75, 80.69, 80.52, 80.25





USD/CHF

Near-term price action is entrenched in a narrow range around 0.8400 level, after reversal from 0.8524, fresh two-week high, erased over 61.8% of 0.8273/0.8524 rally, to hit 0.8362 low thus far. Near-term tone remains negative, with initial barrier at 0.8440, yesterday’s high / 20 day MA, limiting the upside. Loss of 0.8362 to open 0.8337/00 zone for retest, ahead of historical low at 0.8273. On the upside, regain of 0.8440/50 would improve near-term picture, however, clearance of 0.8550 is required to signal fresh recovery.

Res: 0.8441, 0.8456, 0.8470, 0.8504
Sup: 0.8362, 0.8337, 0.8304, 0.8273

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Old 07-07-2011, 09:56 AM   #8

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

EUR/USD

Extends weakness from 1.4576 high after brief consolidation at 1.4300 zone, losing 1.4236, 28 June low, to reach 1.4220 low so far. Further decline looks for test of trendline from 1.3968, currently at 1.4168, loss of which would confirm top at 1.4576 and open 1.4100/1.4073 lows for test. Today’s consolidative range ceiling at 1.4346 offers initial resistance, ahead of strong barrier at 1.4400 zone.

Res: 1.4346, 1.4369, 1.4396, 1.4435
Sup: 1.4220, 1.4200, 1.4168, 1.4102




GBP/USD

Remains under pressure after fully retracing the latest recovery attempt from 1.5947, yesterday’s low, that stalled at 1.6017 and subsequent weakness posted fresh low at 1.5943 today. Negative near-term picture favors further losses, with key support at 1.5910 in focus, as pair continues to channel lower from 1.6745 and broke below 200 day MA, on a daily chart. On the upside, immediate barrier lies at 1.6000 zone, while 20 day MA, currently at 1.6055, is expected to cap corrective attempt. Regain of key short-term barrier at 1.6139 would improve and signal fresh strength.

Res: 1.6000, 1.6017, 1.6038, 1.6048
Sup: 1.5943, 1.5910, 1.5880, 1.5821




USD/JPY

Returns to strength, after false break below main short-term trendline found support at 80.80/70 zone, with fresh rally regaining 81.00/26 barriers. This increases hopes for further recovery and extension of broader uptrend from 79.68/80.00 lows. Key upside levels are 81.76 and 82.20, along with 200 day MA, currently at 82.08.

Res: 81.50, 81.76, 82.08, 82.20
Sup: 81.09, 80.88, 80.75, 80.69





USD/CHF

Bounces higher after reversal from 0.8524 found temporary support at 0.8380/70 zone. Fresh rally spiked to the levels just under 0.8500, signaling possible resumption of recovery from 0.8273/0.8304, interrupted by 0.8524/0.8370 correction. To confirm this, regain of 0.8524 is required, with clearance of key short-term barrier at 0.8550 to suggest possible basing for fresh recovery phase. Rejection under 0.8500/24, however, risks lower top and fresh weakness, with break below 0.8360 to bring near-term bears back in play.

Res: 0.8493, 0.8504, 0.8524, 0.8450
Sup: 0.8400, 0.8378, 0.8362, 0.8337

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