Short Term Technical Analysis for Majors

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Narrows the range after yesterday’s rebound was limited by main bear trendline at 1.3555, with sharp sell-off being contained at 1.3445, main bull trendline, ahead of 1.3421 low that stays intact for now. Formation of descending triangle signals break out of the recent range, with short-term studies in the negative territory favoring fresh attack at 1.3445/21 supports, below which to open 1.3400 zone and 1.3360 on a break. Initial barriers at 1.3480/1.3500 keep the upside protected, while only break above yesterday’s high at 1.3565, also Fib 38.2% of 1.4246/1.3421, would signal stronger correction and expose 1.3600/14 next.

Res: 1.3480, 1.3500, 1.3599, 1.3565
Sup: 1.3445, 1.3421, 1.3400, 1.3360

GBP/USD

Yesterday’s dip below 1.5611/00, 21 Nov low / Fib 61.8% suggests further weakness, as short and longer-term studies maintain bearish tone and keep the pair under pressure. Recovery above 1.5600 handle is seen corrective, as long as near-term breakpoint and range ceiling at 1.5690, where also 20 day SMA lies, holds. Break below 1.5581, yesterday’s fresh low, to open 1.5541/00 levels next. Only break above 1.5690 would delay for stronger recovery towards 1.5740/65.

Res: 1.5633, 1.5653, 1.5667, 1.5690
Sup: 1.5600, 1.5581, 1.5541, 1.5500

USD/JPY

Maintains near-term neutral tone, hovering in a narrow range around 77.00 handle, after recovery attempt from 76.80 was capped on approach to 77.50, key near-term barrier. Current range extreme points at 77.31 and 76.80 remain to be key markers in the near-term outlook, with break of either side to define the fresh direction. Daily structure, however, maintains negative tone and keeps the downside favored.

Res: 77.06, 77.12, 77.31, 77.50
Sup: 76.91, 76.80, 76.74, 76.56

USD/CHF

Continues to move sideways, after upside attempts were capped at 0.9200, with below short-term bull trendline from 0.8566 low, keeping the downside favored. Price action on 4-hour chart remains below 20 day SMA, with MACD attempting below the midline, suggesting fresh attack at key short-term supports at 0.9100/0.9083, below which would put retest of 0.9234 high on hold in favor of stronger correction, with 0.9000 level seen next. Wider picture’s bulls, however, remain in play.

Res: 0.9164, 0.9184, 0.9207, 0.9234
Sup: 0.9125, 0.9105, 0.9083, 0.9000

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Narrows the range after yesterday’s rebound was limited by main bear trendline at 1.3555, with sharp sell-off being contained at 1.3445, main bull trendline, ahead of 1.3421 low that stays intact for now. Formation of descending triangle signals break out of the recent range, with short-term studies in the negative territory favoring fresh attack at 1.3445/21 supports, below which to open 1.3400 zone and 1.3360 on a break. Initial barriers at 1.3480/1.3500 keep the upside protected, while only break above yesterday’s high at 1.3565, also Fib 38.2% of 1.4246/1.3421, would signal stronger correction and expose 1.3600/14 next.

Res: 1.3480, 1.3500, 1.3599, 1.3565
Sup: 1.3445, 1.3421, 1.3400, 1.3360

GBP/USD

Yesterday’s dip below 1.5611/00, 21 Nov low / Fib 61.8% suggests further weakness, as short and longer-term studies maintain bearish tone and keep the pair under pressure. Recovery above 1.5600 handle is seen corrective, as long as near-term breakpoint and range ceiling at 1.5690, where also 20 day SMA lies, holds. Break below 1.5581, yesterday’s fresh low, to open 1.5541/00 levels next. Only break above 1.5690 would delay for stronger recovery towards 1.5740/65.

Res: 1.5633, 1.5653, 1.5667, 1.5690
Sup: 1.5600, 1.5581, 1.5541, 1.5500

USD/JPY

Maintains near-term neutral tone, hovering in a narrow range around 77.00 handle, after recovery attempt from 76.80 was capped on approach to 77.50, key near-term barrier. Current range extreme points at 77.31 and 76.80 remain to be key markers in the near-term outlook, with break of either side to define the fresh direction. Daily structure, however, maintains negative tone and keeps the downside favored.

Res: 77.06, 77.12, 77.31, 77.50
Sup: 76.91, 76.80, 76.74, 76.56

USD/CHF

Continues to move sideways, after upside attempts were capped at 0.9200, with below short-term bull trendline from 0.8566 low, keeping the downside favored. Price action on 4-hour chart remains below 20 day SMA, with MACD attempting below the midline, suggesting fresh attack at key short-term supports at 0.9100/0.9083, below which would put retest of 0.9234 high on hold in favor of stronger correction, with 0.9000 level seen next. Wider picture’s bulls, however, remain in play.

Res: 0.9164, 0.9184, 0.9207, 0.9234
Sup: 0.9125, 0.9105, 0.9083, 0.9000

 

[WindsorBrokers]

Short Term Technical Analysis for Majors (14:45 GMT)

EUR/USD

The pair broke below the bull trendline and the recent range floor at 1.3445/21 zone, accelerating losses through weekly Ichimoku cloud base at 1.3407, to so far test levels close to our next target at 1.3360. Near-term studies maintain bearish tone, as 1/4H MACD extends below the signal line, however, oversold conditions are looking for near-term base and corrective bounce. Previous support at 1.3421, now reverted to resistance, offers initial barrier, while 1.3500 zone, also 20 day SMA is expected to cap. Dominating bears suggest further weakness, with loss of 1.3360 to open 1.3300 next.

Res: 1.3421, 1.3450, 1.3480, 1.3500
Sup: 1.3371, 1.3360, 1.3300, 1.3483

GBP/USD

Extends losses after break below 1.5611/00 support zone, to test 1.5555, daily Ichimoku cloud base. Break here to confirm short-term bearish structure and open way for fresh losses through 1.5541, 12 Oct low, towards initial targets at 1.5500, figure support and 1.5483, Fib 76.4% of 1.5271/1.6164 upleg. Overextended conditions on 4H chart see scope for corrective action, with initial resistance at 1.5600/20, ahead of breakpoint at 1.5690 that is expected to cap the upside attempts for now.

Res: 1.5600, 1.5620, 1.5633, 1.5653
Sup: 1.5555, 1.5541, 1.5500, 1.5483

USD/JPY

Improves the near-term tone after today’s rally from 77.00 extends gains towards initial barrier at 77.31. Break here and clearance of 77.50, 15 Nov spike high, is required to confirm near-term bulls and open way for fresh gains towards key short-term barrier at 78.00. Four-hour chart’s studies are emerging above their midlines and favor further gains, however, overextended hourlies may interrupt current rally. Holding above 77.00, 20 day SMA, maintains the near-term positive structure.

Res: 77.31, 77.50, 77.86, 78.00
Sup: 77.12, 77.00, 76.91, 76.80

USD/CHF

The near-term outlook shows signs of improvement after yesterday’s slide found support at 0.9105, just above strong support zone at 0.9100/0.9083. Fresh gains again stalled on approach to key near-term resistance at 0.9200, also broken bull trendline off 0.8566 low. Corrective pullback on overbought hourly conditions, needs to find support above 0.9160, today’s intraday high and 20 day SMA, to maintain near-term bulls for fresh attack at 0.9200 initially, ahead of possible extension towards key short-term barrier at 0.9234, 17 Nov high.

Res: 0.9199, 0.9207, 0.9234, 0.9300
Sup: 0.9160, 0.9125, 0.9105, 0.9083

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The pair broke below the bull trendline and the recent range floor at 1.3445/21 zone, accelerating losses through weekly Ichimoku cloud base at 1.3407, to so far test levels close to our next target at 1.3360. Near-term studies maintain bearish tone, as 1/4H MACD extends below the signal line, however, oversold conditions are looking for near-term base and corrective bounce. Previous support at 1.3421, now reverted to resistance, offers initial barrier, while 1.3500 zone, also 20 day SMA is expected to cap. Dominating bears suggest further weakness, with loss of 1.3360 to open 1.3300 next.

Res: 1.3421, 1.3450, 1.3480, 1.3500
Sup: 1.3371, 1.3360, 1.3300, 1.3483

GBP/USD

Extends losses after break below 1.5611/00 support zone, to test 1.5555, daily Ichimoku cloud base. Break here to confirm short-term bearish structure and open way for fresh losses through 1.5541, 12 Oct low, towards initial targets at 1.5500, figure support and 1.5483, Fib 76.4% of 1.5271/1.6164 upleg. Overextended conditions on 4H chart see scope for corrective action, with initial resistance at 1.5600/20, ahead of breakpoint at 1.5690 that is expected to cap the upside attempts for now.

Res: 1.5600, 1.5620, 1.5633, 1.5653
Sup: 1.5555, 1.5541, 1.5500, 1.5483

USD/JPY

Improves the near-term tone after today’s rally from 77.00 extends gains towards initial barrier at 77.31. Break here and clearance of 77.50, 15 Nov spike high, is required to confirm near-term bulls and open way for fresh gains towards key short-term barrier at 78.00. Four-hour chart’s studies are emerging above their midlines and favor further gains, however, overextended hourlies may interrupt current rally. Holding above 77.00, 20 day SMA, maintains the near-term positive structure.

Res: 77.31, 77.50, 77.86, 78.00
Sup: 77.12, 77.00, 76.91, 76.80

USD/CHF

The near-term outlook shows signs of improvement after yesterday’s slide found support at 0.9105, just above strong support zone at 0.9100/0.9083. Fresh gains again stalled on approach to key near-term resistance at 0.9200, also broken bull trendline off 0.8566 low. Corrective pullback on overbought hourly conditions, needs to find support above 0.9160, today’s intraday high and 20 day SMA, to maintain near-term bulls for fresh attack at 0.9200 initially, ahead of possible extension towards key short-term barrier at 0.9234, 17 Nov high.

Res: 0.9199, 0.9207, 0.9234, 0.9300
Sup: 0.9160, 0.9125, 0.9105, 0.9083

 

[WindsorBrokers]

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

EUR/USD

Trades in a near-term corrective mode after yesterday’s loss of strong support zone at 1.3420/00, extended bears to fresh 7-week low at 1.3320. The pair attempts to clear 1.3400 for test of strong resistance area at 1.3420, previous low / Fib 50% of the latest 1.3529/1.3320 decline and 1.3450/70, Fib 61.8% / 20 day SMA, where reversal is anticipated, ahead of fresh leg lower. Only sustained break and weekly close above the latter, would put short-term bears on hold and signal stronger correction. However, daily chart’s firm bearish outlook sees scope for further weakness and break below 1.3320 to expose 1.3240 next.

Res: 1.3400, 1.3421, 1.3450, 1.3470
Sup: 1.3352, 1.3320, 1.3300, 1.3483

GBP/USD

Yesterday’s break below 1.5541 target, extended losses briefly below 1.5500 support that signals possible full retracement of short-term 1.5271/1.6164 upleg, as short-longer-term studies remain bearish. Corrective bounce on overextended hourly tools, faces initial barrier at 1.5580/1.5610 zone, with possible stretch towards strong resistance at 1.5690, which is expected to cap, before bears take control again. Break below 1.5493, yesterday’s fresh low, to open 1.5420, then the last barrier before 1.5271 low at 1.5340/30 zone.

Res: 1.5585, 1.5600, 1.5610, 1.5633
Sup: 1.5538, 1.5515, 1.5500, 1.5493

USD/JPY

Break above 77.50 barrier on yesterday’s rally from 77.00, proved to be false, as gains stalled just above 77.50 and bears took over again, bringing the pair back to 77.00 zone. Holding above the latter, also 20 day SMA, keeps hopes of possible fresh attack at 77.50 alive, as 4-hour studies maintain slightly positive tone. Clear break above 77.50 is required to improve short-term structure and expose 78.00. However, wider picture’s outlook is still weak, with fresh extension of the broader downtrend from 79.52 is not ruled out.

Res: 77.31, 77.50, 77.86, 78.00
Sup: 77.00, 76.91, 76.80, 76.50

USD/CHF

The 0.9200 zone proved to be strong barrier, as fresh gains from 0.9105 higher low, failed again to clear 0.9200. Narrowing range is now forming a triangle pattern, with initial support at 0.9160 being tested so far, ahead of 0.9120/05 zone, trendline support / previous low, below which to open key support at 0.9083. On the upside, break above 0.9200/34 resistances to resume the broader uptrend and focus 0.9313/38 targets.

Res: 0.9199, 0.9212, 0.9234, 0.9300
Sup: 0.9160, 0.9125, 0.9105, 0.9083

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Trades in a near-term corrective mode after yesterday’s loss of strong support zone at 1.3420/00, extended bears to fresh 7-week low at 1.3320. The pair attempts to clear 1.3400 for test of strong resistance area at 1.3420, previous low / Fib 50% of the latest 1.3529/1.3320 decline and 1.3450/70, Fib 61.8% / 20 day SMA, where reversal is anticipated, ahead of fresh leg lower. Only sustained break and weekly close above the latter, would put short-term bears on hold and signal stronger correction. However, daily chart’s firm bearish outlook sees scope for further weakness and break below 1.3320 to expose 1.3240 next.

Res: 1.3400, 1.3421, 1.3450, 1.3470
Sup: 1.3352, 1.3320, 1.3300, 1.3483

GBP/USD

Yesterday’s break below 1.5541 target, extended losses briefly below 1.5500 support that signals possible full retracement of short-term 1.5271/1.6164 upleg, as short-longer-term studies remain bearish. Corrective bounce on overextended hourly tools, faces initial barrier at 1.5580/1.5610 zone, with possible stretch towards strong resistance at 1.5690, which is expected to cap, before bears take control again. Break below 1.5493, yesterday’s fresh low, to open 1.5420, then the last barrier before 1.5271 low at 1.5340/30 zone.

Res: 1.5585, 1.5600, 1.5610, 1.5633
Sup: 1.5538, 1.5515, 1.5500, 1.5493

USD/JPY

Break above 77.50 barrier on yesterday’s rally from 77.00, proved to be false, as gains stalled just above 77.50 and bears took over again, bringing the pair back to 77.00 zone. Holding above the latter, also 20 day SMA, keeps hopes of possible fresh attack at 77.50 alive, as 4-hour studies maintain slightly positive tone. Clear break above 77.50 is required to improve short-term structure and expose 78.00. However, wider picture’s outlook is still weak, with fresh extension of the broader downtrend from 79.52 is not ruled out.

Res: 77.31, 77.50, 77.86, 78.00
Sup: 77.00, 76.91, 76.80, 76.50

USD/CHF

The 0.9200 zone proved to be strong barrier, as fresh gains from 0.9105 higher low, failed again to clear 0.9200. Narrowing range is now forming a triangle pattern, with initial support at 0.9160 being tested so far, ahead of 0.9120/05 zone, trendline support / previous low, below which to open key support at 0.9083. On the upside, break above 0.9200/34 resistances to resume the broader uptrend and focus 0.9313/38 targets.

Res: 0.9199, 0.9212, 0.9234, 0.9300
Sup: 0.9160, 0.9125, 0.9105, 0.9083

 

[WindsorBrokers]

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

EUR/USD

Extended one month downtrend from 1.4246, losing main bull trendline from 1.1875, 2010 low, to end week just above 1.3200 mark, the last barrier ahead of key short-term support at 1.3145. Overnight’s bounce is seen corrective, with previous low and 20 day SMA on 4H chart, limiting gains for now at 1.3330 zone. Losing 1.3300 handle, covers the gap and increases pressure again, keeping the focus lower. Only regain of 1.3400/20, strong resistance zone, would delay immediate bears.

Res: 1.3314, 1.3333, 1.3352, 1.3410
Sup: 1.3230, 1.3211, 1.3200, 1.3145

GBP/USD

The pair comes under pressure again after bounce from 1.5422, last Friday’s fresh low, failed to regain initial barrier at 1.5565, with subsequent loss of 1.5500 support, approaching day’s low at 1.5460, to possibly retest 1.5422, as the hourly studies are turning lower. Loss of the later to resume one-month downtrend from 1.6164 high and re-focus 1.5326, ahead of key support at 1.5271, 06 Oct low. Only break above 1.5600 barrier would provide near-term relief.

Res: 1.5500, 1.5524, 1.5564, 1.5581
Sup: 1.5460, 1.5422, 1.5400, 1.5326

USD/JPY

Maintains near-term positive tone off 77.00 support, after break above 77.50/57 barriers extended gains to 77.78 so far, just ahead of key resistance at 78.00. The pair has pared overnight’s losses after gap lower opening, as 77.50, now acting as support, contained dip. Immediate focus is at 77.78/78.00, also near-term bear-channel ceiling, clearance of which is required to signal stronger gains. On the downside, loss of 77.50 would weaken the structure and possibly open 77.00 for retest.

Res: 77.78, 77.86, 78.00, 78.23
Sup: 77.60, 77.44, 77.20, 77.00

USD/CHF

Near-term price action from last Friday’s fresh eight-month high at 0.9328 is seen corrective, as short-term bulls are gaining control after breaking above the 0.9313, previous high and ending one-month corrective phase. Overnight’s low at 0.9255 now offers initial support, ahead of 0.9200 zone.

Res: 0.9305, 0.9328, 0.9338, 0.9350
Sup: 0.9255, 0.9200, 0.9187, 0.9152

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Extended one month downtrend from 1.4246, losing main bull trendline from 1.1875, 2010 low, to end week just above 1.3200 mark, the last barrier ahead of key short-term support at 1.3145. Overnight’s bounce is seen corrective, with previous low and 20 day SMA on 4H chart, limiting gains for now at 1.3330 zone. Losing 1.3300 handle, covers the gap and increases pressure again, keeping the focus lower. Only regain of 1.3400/20, strong resistance zone, would delay immediate bears.

Res: 1.3314, 1.3333, 1.3352, 1.3410
Sup: 1.3230, 1.3211, 1.3200, 1.3145

GBP/USD

The pair comes under pressure again after bounce from 1.5422, last Friday’s fresh low, failed to regain initial barrier at 1.5565, with subsequent loss of 1.5500 support, approaching day’s low at 1.5460, to possibly retest 1.5422, as the hourly studies are turning lower. Loss of the later to resume one-month downtrend from 1.6164 high and re-focus 1.5326, ahead of key support at 1.5271, 06 Oct low. Only break above 1.5600 barrier would provide near-term relief.

Res: 1.5500, 1.5524, 1.5564, 1.5581
Sup: 1.5460, 1.5422, 1.5400, 1.5326

USD/JPY

Maintains near-term positive tone off 77.00 support, after break above 77.50/57 barriers extended gains to 77.78 so far, just ahead of key resistance at 78.00. The pair has pared overnight’s losses after gap lower opening, as 77.50, now acting as support, contained dip. Immediate focus is at 77.78/78.00, also near-term bear-channel ceiling, clearance of which is required to signal stronger gains. On the downside, loss of 77.50 would weaken the structure and possibly open 77.00 for retest.

Res: 77.78, 77.86, 78.00, 78.23
Sup: 77.60, 77.44, 77.20, 77.00

USD/CHF

Near-term price action from last Friday’s fresh eight-month high at 0.9328 is seen corrective, as short-term bulls are gaining control after breaking above the 0.9313, previous high and ending one-month corrective phase. Overnight’s low at 0.9255 now offers initial support, ahead of 0.9200 zone.

Res: 0.9305, 0.9328, 0.9338, 0.9350
Sup: 0.9255, 0.9200, 0.9187, 0.9152

 

[WindsorBrokers]

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

EUR/USD

Near-term correction from last Friday’s fresh 7-month low at 1.3211 broke through initial barriers at 1.3333/52, to challenge strong resistance zone at 1.3400/20. Gains were so far capped just under 1.3400, also main bear trendline. Break here to open way for stronger correction and expose psychological barrier at 1.3500. Hourly studies remain in the positive zone, however, overextended conditions risk fresh easing. Initial support at 1.3350/30 zone needs to contain dips, while below 1.3300 to re-focus 1.3211 low.

Res: 1.3397, 1.3410, 1.3420, 1.3443
Sup: 1.3347, 1.3333, 1.3300, 1.3272

GBP/USD

Extends the near-term corrective phase off 1.5422 low, after initial gains were capped under 1.5564 resistance and subsequent pullback contained at 1.5460. Fresh rally through 1.5564/81 barriers, approached strong resistance at 1.5600, previous low / Fib 38.2% of 1.5887/1.5422 downleg / trendline resistance, above which to spark fresh correction and expose 1.5655, Fib 50%, ahead of strong barrier at 1.5690. Studies on 4H chart are turning positive, while downside remains protected while 1.5500 is intact.

Res: 1.5593, 1.5611, 1.5655, 1.5690
Sup: 1.5550, 1.5524, 1.5500, 1.5460

USD/JPY

Bulls are firmly in play, after being interrupted by pullback to initial support at 77.50. Fresh gains are testing initial target at 78.00, as the pair breaks above bull channel, confirming near-term bullish structure. Clearance of 78.00 is required to open 78.25/44, 04/01 Nov highs, next. Overbought 1/4H conditions suggest corrective pullback would be preceding fresh rally, with 77.50 zone expected to contain dips.

Res: 78.00, 78.25, 78.44, 79.00
Sup: 77.78, 77.60, 77.50, 77.44

USD/CHF

Weakens the near-term structure, after pullback from fresh high at 0.9328, posted last Friday, lost initial support at 0.9255, with break below 0.9200, previous congestion ceiling, risking test of 0.9150, 24 Nov high / trendline support. Temporary support was found at 0.9173, however, clear break above 0.9200 and regain of 0.9255, is required to improve near-term tone.

Res: 0.9221, 0.9255, 0.9305, 0.9328
Sup: 0.9173, 0.9152, 0.9125, 0.9100

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Near-term correction from last Friday’s fresh 7-month low at 1.3211 broke through initial barriers at 1.3333/52, to challenge strong resistance zone at 1.3400/20. Gains were so far capped just under 1.3400, also main bear trendline. Break here to open way for stronger correction and expose psychological barrier at 1.3500. Hourly studies remain in the positive zone, however, overextended conditions risk fresh easing. Initial support at 1.3350/30 zone needs to contain dips, while below 1.3300 to re-focus 1.3211 low.

Res: 1.3397, 1.3410, 1.3420, 1.3443
Sup: 1.3347, 1.3333, 1.3300, 1.3272

GBP/USD

Extends the near-term corrective phase off 1.5422 low, after initial gains were capped under 1.5564 resistance and subsequent pullback contained at 1.5460. Fresh rally through 1.5564/81 barriers, approached strong resistance at 1.5600, previous low / Fib 38.2% of 1.5887/1.5422 downleg / trendline resistance, above which to spark fresh correction and expose 1.5655, Fib 50%, ahead of strong barrier at 1.5690. Studies on 4H chart are turning positive, while downside remains protected while 1.5500 is intact.

Res: 1.5593, 1.5611, 1.5655, 1.5690
Sup: 1.5550, 1.5524, 1.5500, 1.5460

USD/JPY

Bulls are firmly in play, after being interrupted by pullback to initial support at 77.50. Fresh gains are testing initial target at 78.00, as the pair breaks above bull channel, confirming near-term bullish structure. Clearance of 78.00 is required to open 78.25/44, 04/01 Nov highs, next. Overbought 1/4H conditions suggest corrective pullback would be preceding fresh rally, with 77.50 zone expected to contain dips.

Res: 78.00, 78.25, 78.44, 79.00
Sup: 77.78, 77.60, 77.50, 77.44

USD/CHF

Weakens the near-term structure, after pullback from fresh high at 0.9328, posted last Friday, lost initial support at 0.9255, with break below 0.9200, previous congestion ceiling, risking test of 0.9150, 24 Nov high / trendline support. Temporary support was found at 0.9173, however, clear break above 0.9200 and regain of 0.9255, is required to improve near-term tone.

Res: 0.9221, 0.9255, 0.9305, 0.9328
Sup: 0.9173, 0.9152, 0.9125, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Maintains near-term positive tone off 1.3211 low, but key resistance zone at 1.3400/20 stays intact for now, as main bear trendline, drawn of 1.4246 high, limits the upside. Break above 1.3400/20 barriers would signal an interruption of the broader downtrend and open way for recovery towards 1.3500, psychological resistance initially, ahead of another strong barrier at 1.3600 zone, mid Nov consolidation phase ceiling / Fib 38.2% of 1.4246/1.3211. Immediate barriers at 1.3365, 1H chart triangle pattern upper boundary and 1.3397, yesterday’s high, need to be cleared to confirm near-term bullish stance. On the downside, 1.3280/70 zone, yesterday’s lows / bull trendline off 1.3211, offer good support for now, with break here to signal an end of near-term corrective phase and turn focus lower.

Res: 1.3372, 1.3397, 1.3410, 1.3420
Sup: 1.3300, 1.3284, 1.3272, 1.3234

GBP/USD

Near-term price action shows the pair is running out of steam after yesterday’s corrective rally was capped under strong resistance at 1.5600, previous lows / Fib 61.8% of the latest 1.5690/1.5422 bear-leg. Subsequent pullback found temporary support just above yesterday’s low and initial support at 1.5457, with pair struggling to hold gains above 1.5500 mark. Hourly studies are turning negative, with risk on loss of 1.5500 and higher platform at 1.5460, to re-focus 1.5422. On the upside, above today’s high at 1.5533 opens 1.5578, trendline resistance, ahead of key barriers at 1.5600 zone.

Res: 1.5533, 1.5578, 1.5593, 1.5611
Sup: 1.5500, 1.5468, 1.5457, 1.5422

USD/JPY

The pair holds short-term positive tone from 77.00/76.80 lows, as the latest strength through bull channel upper border and key short-term resistance at 78.00, has so far tested initial target at 78.25. Corrective pullback on overbought hourly conditions, should ideally be contained above 77.60/50, previous highs / Fib 38.2% of 76.80/78.25 rally, where also 4H 20 day SMA lies, to keep bulls intact. Continuation of the short-term uptrend would focus 78.44/79.00, 01 Nov highs, on a break above 78.25.

Res: 78.00, 78.25, 78.44, 79.00
Sup: 77.87, 77.78, 77.60, 77.50

USD/CHF

Weakens the near-term structure, after pullback from fresh high at 0.9328, posted last Friday, lost initial support at 0.9255, with break below 0.9200, previous congestion ceiling, finding temporary support at 0.9173, just ahead of main bull trendline at 0.9165 and previous low at 0.9150. Fresh gains failed to regain 0.9255 handle and triggered the fifth wave off 0.9328 that risks retest of 0.9100/0.9080, key short-term supports. Loss of the latter would signal a wider picture’s double top and possible broader weakness.

Res: 0.9242, 0.9255, 0.9305, 0.9328
Sup: 0.9173, 0.9152, 0.9125, 0.9100

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

Maintains near-term positive tone off 1.3211 low, but key resistance zone at 1.3400/20 stays intact for now, as main bear trendline, drawn of 1.4246 high, limits the upside. Break above 1.3400/20 barriers would signal an interruption of the broader downtrend and open way for recovery towards 1.3500, psychological resistance initially, ahead of another strong barrier at 1.3600 zone, mid Nov consolidation phase ceiling / Fib 38.2% of 1.4246/1.3211. Immediate barriers at 1.3365, 1H chart triangle pattern upper boundary and 1.3397, yesterday’s high, need to be cleared to confirm near-term bullish stance. On the downside, 1.3280/70 zone, yesterday’s lows / bull trendline off 1.3211, offer good support for now, with break here to signal an end of near-term corrective phase and turn focus lower.

Res: 1.3372, 1.3397, 1.3410, 1.3420
Sup: 1.3300, 1.3284, 1.3272, 1.3234

GBP/USD

Near-term price action shows the pair is running out of steam after yesterday’s corrective rally was capped under strong resistance at 1.5600, previous lows / Fib 61.8% of the latest 1.5690/1.5422 bear-leg. Subsequent pullback found temporary support just above yesterday’s low and initial support at 1.5457, with pair struggling to hold gains above 1.5500 mark. Hourly studies are turning negative, with risk on loss of 1.5500 and higher platform at 1.5460, to re-focus 1.5422. On the upside, above today’s high at 1.5533 opens 1.5578, trendline resistance, ahead of key barriers at 1.5600 zone.

Res: 1.5533, 1.5578, 1.5593, 1.5611
Sup: 1.5500, 1.5468, 1.5457, 1.5422

USD/JPY

The pair holds short-term positive tone from 77.00/76.80 lows, as the latest strength through bull channel upper border and key short-term resistance at 78.00, has so far tested initial target at 78.25. Corrective pullback on overbought hourly conditions, should ideally be contained above 77.60/50, previous highs / Fib 38.2% of 76.80/78.25 rally, where also 4H 20 day SMA lies, to keep bulls intact. Continuation of the short-term uptrend would focus 78.44/79.00, 01 Nov highs, on a break above 78.25.

Res: 78.00, 78.25, 78.44, 79.00
Sup: 77.87, 77.78, 77.60, 77.50

USD/CHF

Weakens the near-term structure, after pullback from fresh high at 0.9328, posted last Friday, lost initial support at 0.9255, with break below 0.9200, previous congestion ceiling, finding temporary support at 0.9173, just ahead of main bull trendline at 0.9165 and previous low at 0.9150. Fresh gains failed to regain 0.9255 handle and triggered the fifth wave off 0.9328 that risks retest of 0.9100/0.9080, key short-term supports. Loss of the latter would signal a wider picture’s double top and possible broader weakness.

Res: 0.9242, 0.9255, 0.9305, 0.9328
Sup: 0.9173, 0.9152, 0.9125, 0.9100

 

[WindsorBrokers]

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

EUR/USD

Today’s spike through 1.3400/20 barriers hit 1.3441, Fib 38.2%, but was short-lived, as immediate sharp pullback brought the price under 1.3300 mark, close to key near-term support at 1.3380 higher base. Weakening hourly structure and brief break below descending triangle, forming on 1H chart, keeps the downside vulnerable, as potential loss of 1.3280 would re-focus 1.3211 low and open way for resumption of broader downtrend. Upside remains for now limited by bear trendline, currently at 1.3360, with only clear break here and regain of today’s high, would signal fresh strength.

Res: 1.3362, 1.3397, 1.3410, 1.3420
Sup: 1.3293, 1.3284, 1.3272, 1.3234

GBP/USD

Accelerates near-term bulls after bounce from day’s low at 1.5468 cleared trendline resistance at 1.5570 and previous high at 1.5593, to extend gains to 1.5655 so far, en-route to the next strong barrier and break point at 1.5690. Minor pullback on overbought hourly conditions is seen corrective, while 1.5540 area, Fib 50% / 20 day SMA holds, with fresh gains expected to clear 1.5690 and turn focus towards 1.5800 zone.

Res: 1.5655, 1.5690, 1.5750, 1.5803
Sup: 1.5600, 1.5578, 1.5540, 1.5500

USD/JPY

Eases further after hitting fresh high at 78.27 earlier today, hitting our initial support at 77.60, where 4H 20 day SMA contained dip, ahead of fresh strength. Break above 78.00 barrier is seen to re-focus 78.27 high and possibly resume towards next targets at 78.44 and 79.00. only loss of 77.60/50 support zone, would delay bulls and open way for further reversal.

Res: 78.00, 78.27, 78.44, 79.00
Sup: 77.60, 77.50, 77.31, 77.00

USD/CHF

Returns to today’s highs zone, after sharp decline briefly broke through 0.9150 support, bull trendline off 0.9083 / 24 Nov high, to threaten key short-term supports at 0.9100/0.9080 zone. Sharp recovery that followed stays capped by bear trendline from 0.9325 high, at 0.9240 and while below here, downside risk still exists. Firm break above 0.9240/55 barriers is required to turn focus to the recent highs at 0.9305/28. On the downside, loss of strong supports at 0.9100/0.9080 would signal a double top.

Res: 0.9242, 0.9255, 0.9305, 0.9328
Sup: 0.9200, 0.9173, 0.9152, 0.9137

 

[WindsorBrokers]

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

EUR/USD

The near-term outlook maintains negative tone, with the latest price action attempting through recent consolidation floor at 1.3280/70 zone, as the pair broke below triangle support at 1.3315 and also loses 1.3300 handle. Yesterday’s upside rejection at key resistance zone above 1.3400 renews fears of fresh weakness, with immediate focus at 1.3211, 25 Nov low and key support at 1.3145. Hourly studies are in the negative territory, with 20 day SMA capping the upside for now.

Res: 1.3305, 1.3357, 1.3370, 1.3397
Sup: 1.3234, 1.3211, 1.3200, 1.3145

GBP/USD

Accelerates losses following yesterday’s strong rally that failed to regain break point at 1.5690. Loss of initial supports at 1.5600/1.5580, now threatens near-term bull trendline, drawn off last Friday’s low and Fib 61.8% of 1.5422/1.5655 ascend at 1.5510, break of which and 1.5500 would further weaken near-term structure and expose 1.5470/60, next supports. Reversal above 1.5500/1.5470, however, would keep the short-term bulls in play for possible fresh push higher, with regain of minimum 1.5600 required to confirm.

Res: 1.5580, 1.5600, 1.5627, 1.5655
Sup: 1.5528, 1.5510, 1.5500, 1.5580

USD/JPY

The pair returns back to channel after the recent rally probed levels above 78.00 barrier. Dips were contained at initial support at 77.60/50 zone for now, keeping the near-term positive tone in play. Overnight’s attempt through 78.00 mark, would signal fresh strength ahead, with break above 78.27 to open way towards 78.44 and 79.00. Hourly studies still keep positive tone, with 20 day SMA underpinning. Only loss of 77.60/50 would weaken the near-term structure and turn focus towards 77.00 support.

Res: 78.10, 78.27, 78.44, 79.00
Sup: 77.85, 77.60, 77.50, 77.44

USD/CHF

Returns to strength after two days congestion within 0.9180/0.9240 range that was interrupted by spike lower to 0.9140 zone. Current price action sees attempt through the upper boundary of the range, as the pair broke above near-term bear-trendline off 0.9325 high. Hourly studies are regaining momentum, with clear break above 0.9240/55 barriers and regain of 0.9300 handle, required to signal higher low, ahead of final push through 0.9328, previous high. On the downside, 0.9200/0.9180 zone offers strong support and only break here would signal and extension of corrective pullback from 0.9328, for possible retest of 0.9140 and key near-term supports at 0.9100/0.9080.

Res: 0.9255, 0.9305, 0.9328, 0.9338
Sup: 0.9200, 0.9173, 0.9152, 0.9137

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The near-term outlook maintains negative tone, with the latest price action attempting through recent consolidation floor at 1.3280/70 zone, as the pair broke below triangle support at 1.3315 and also loses 1.3300 handle. Yesterday’s upside rejection at key resistance zone above 1.3400 renews fears of fresh weakness, with immediate focus at 1.3211, 25 Nov low and key support at 1.3145. Hourly studies are in the negative territory, with 20 day SMA capping the upside for now.

Res: 1.3305, 1.3357, 1.3370, 1.3397
Sup: 1.3234, 1.3211, 1.3200, 1.3145

GBP/USD

Accelerates losses following yesterday’s strong rally that failed to regain break point at 1.5690. Loss of initial supports at 1.5600/1.5580, now threatens near-term bull trendline, drawn off last Friday’s low and Fib 61.8% of 1.5422/1.5655 ascend at 1.5510, break of which and 1.5500 would further weaken near-term structure and expose 1.5470/60, next supports. Reversal above 1.5500/1.5470, however, would keep the short-term bulls in play for possible fresh push higher, with regain of minimum 1.5600 required to confirm.

Res: 1.5580, 1.5600, 1.5627, 1.5655
Sup: 1.5528, 1.5510, 1.5500, 1.5580

USD/JPY

The pair returns back to channel after the recent rally probed levels above 78.00 barrier. Dips were contained at initial support at 77.60/50 zone for now, keeping the near-term positive tone in play. Overnight’s attempt through 78.00 mark, would signal fresh strength ahead, with break above 78.27 to open way towards 78.44 and 79.00. Hourly studies still keep positive tone, with 20 day SMA underpinning. Only loss of 77.60/50 would weaken the near-term structure and turn focus towards 77.00 support.

Res: 78.10, 78.27, 78.44, 79.00
Sup: 77.85, 77.60, 77.50, 77.44

USD/CHF

Returns to strength after two days congestion within 0.9180/0.9240 range that was interrupted by spike lower to 0.9140 zone. Current price action sees attempt through the upper boundary of the range, as the pair broke above near-term bear-trendline off 0.9325 high. Hourly studies are regaining momentum, with clear break above 0.9240/55 barriers and regain of 0.9300 handle, required to signal higher low, ahead of final push through 0.9328, previous high. On the downside, 0.9200/0.9180 zone offers strong support and only break here would signal and extension of corrective pullback from 0.9328, for possible retest of 0.9140 and key near-term supports at 0.9100/0.9080.

Res: 0.9255, 0.9305, 0.9328, 0.9338
Sup: 0.9200, 0.9173, 0.9152, 0.9137

 

[WindsorBrokers]

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

EUR/USD

The near-term outlook improves after sharp rally from past two days consolidation range floor at 1.3250 zone, surged through 1.3440, previous high and 1.3500/10, psychological barrier / Fib 50% of 1.3810/1.3211 downleg, to hit fresh one-week high at 1.3532. Hourly / 4-hour studies are supportive for further extension and possible test of next key barrier at 1.36 zone, Fib 61.8% / 18 Nov high, however, overbought conditions, suggest corrective pullback may precede fresh rally. Previous high at 1.3440 offers initial support, while dips should be contained above 1.3400, to keep current structure intact.

Res: 1.3532, 1.3567, 1.3580, 1.3600
Sup: 1.3440, 1.3410, 1.3400, 1.3370

GBP/USD

Jumps higher after pullback from yesterday’s fresh high at 1.5655 was contained at broken bear-trendline at 1.5530. Strong rally through 1.5655 and break point at 1.5690, has so far reached 1.5756, near Fib 76.4% of 1.5887/1.5422 descend and turned focus higher. Upside clearance of 1.5800 barrier would signal retest of strong short-term resistance at 1.5880 zone, 18 Nov high / 03 Nov low. Corrective pullback on overbought RSI faces strong support at 1.5655, with potential extension towards 1.5600, where dips should be contained.

Res: 1.5756, 1.5800, 1.5875, 1.5890
Sup: 1.5700, 1.5655, 1.5600, 1.5580

USD/JPY

Weakens the near-term structure, as the latest sharp fall broke below strong support at 77.50, also trendline support, extending losses to 77.28 so far. Immediate risk is seen on retest of key short-term supports at 77.00/76.80, as hourly studies are in the red territory. Only regain of 78.00 handle would ease downside pressure and re-focus 77.14/28, recent highs.

Res: 77.61, 77.85, 78.00, 78.14
Sup: 77.28, 77.00, 76.80, 76.56

USD/CHF

Sharp sell-off followed today’s upside rejection at past three-day’s consolidation top, broke below descending triangle, also losing all significant support levels and key one at 0.9080, with fresh two-week low posted at 0.9064. Negative near-term structure now keeps the downside favored and risks creation of double top pattern that may trigger broader weakness. Further extension lower faces next support at 0.9000, psychological level, ahead of 0.8950, mid-November higher platform. Corrective bounce should stay capped at 0.9200 for now.

Res: 0.9137, 0.9152, 0.9173, 0.9180
Sup: 0.9064, 0.9000, 0.8950, 0.8921

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The near-term outlook improves after sharp rally from past two days consolidation range floor at 1.3250 zone, surged through 1.3440, previous high and 1.3500/10, psychological barrier / Fib 50% of 1.3810/1.3211 downleg, to hit fresh one-week high at 1.3532. Hourly / 4-hour studies are supportive for further extension and possible test of next key barrier at 1.36 zone, Fib 61.8% / 18 Nov high, however, overbought conditions, suggest corrective pullback may precede fresh rally. Previous high at 1.3440 offers initial support, while dips should be contained above 1.3400, to keep current structure intact.

Res: 1.3532, 1.3567, 1.3580, 1.3600
Sup: 1.3440, 1.3410, 1.3400, 1.3370

GBP/USD

Jumps higher after pullback from yesterday’s fresh high at 1.5655 was contained at broken bear-trendline at 1.5530. Strong rally through 1.5655 and break point at 1.5690, has so far reached 1.5756, near Fib 76.4% of 1.5887/1.5422 descend and turned focus higher. Upside clearance of 1.5800 barrier would signal retest of strong short-term resistance at 1.5880 zone, 18 Nov high / 03 Nov low. Corrective pullback on overbought RSI faces strong support at 1.5655, with potential extension towards 1.5600, where dips should be contained.

Res: 1.5756, 1.5800, 1.5875, 1.5890
Sup: 1.5700, 1.5655, 1.5600, 1.5580

USD/JPY

Weakens the near-term structure, as the latest sharp fall broke below strong support at 77.50, also trendline support, extending losses to 77.28 so far. Immediate risk is seen on retest of key short-term supports at 77.00/76.80, as hourly studies are in the red territory. Only regain of 78.00 handle would ease downside pressure and re-focus 77.14/28, recent highs.

Res: 77.61, 77.85, 78.00, 78.14
Sup: 77.28, 77.00, 76.80, 76.56

USD/CHF

Sharp sell-off followed today’s upside rejection at past three-day’s consolidation top, broke below descending triangle, also losing all significant support levels and key one at 0.9080, with fresh two-week low posted at 0.9064. Negative near-term structure now keeps the downside favored and risks creation of double top pattern that may trigger broader weakness. Further extension lower faces next support at 0.9000, psychological level, ahead of 0.8950, mid-November higher platform. Corrective bounce should stay capped at 0.9200 for now.

Res: 0.9137, 0.9152, 0.9173, 0.9180
Sup: 0.9064, 0.9000, 0.8950, 0.8921

 

[WindsorBrokers]

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

EUR/USD

The pair steadies at 1.3450 zone after corrective pullback of yesterday’s sharp rally that peaked above 1.3500 barrier, found footstep within our support zone at 1.3440/00. Positive tone on 4H chart keeps hopes of fresh push higher, with clearance of 1.3532, yesterday’s high / over Fib 50% of 1.3810.1.3211 downleg, to expose the next strong resistances at 1.3600 zone, Fib 61.8% at 1.3605 / 1.3614, 18 Nov high and signal near-term base. On the downside, 1.3400, key near-term support, is expected to hold, to keep bulls in play.

Res: 1.3472, 1.3500, 1.3532, 1.3567
Sup: 1.3420, 1.3400, 1.3370, 1.3360

GBP/USD

Yesterday’s surge through key barrier at 1.5690/1.5700 zone suggests the pair is attempting to base, as gains extended to 1.5777, over Fib 76.4% of 1.5887/1.5422 decline and turned near-term focus higher. Corrective reversal on overbought conditions steadies above our initial support at 1.5655 for now, near Fib 38.2% of 1.5422/1.5777 ascend, with focus at 1.5800, above which to open next barrier at 1.5880 zone, 18 Nov high / 03 Nov low. Only loss of 1.5600 handle would sideline near-term bulls and turn focus lower.

Res: 1.5716, 1.5777, 1.5800, 1.5875
Sup: 1.5672, 1.5655, 1.5600, 1.5580

USD/JPY

Corrective action from 77.28, yesterday’s low, where sharp decline found support, remains capped by 20 day SMA at 77.80 for now. While below the latter, near-term focus remains on the downside, with the fifth wave on pullback from 78.27 high, to possibly test 77.00 zone. Break above 77.80/78.00, however, would improve the outlook and re-focus recent highs at 78.14/27.

Res: 77.80, 78.00, 78.14, 78.27
Sup: 77.50, 77.28, 77.00, 76.80

USD/CHF

Remains in near-term downtrend from 0.9328 high, as yesterday’s sharp fall through key supports at 0.9100/0.9080, extended loses to 0.9064 so far. Corrective bounce found strong resistance at 0.9150, previous support, with negative near-term studies keeping the downside favored, risk of forming double top pattern is rising. Below 0.9064 to focus 0.9000 initially, while only regain of 0.9200 barrier would improve near-term tone.

Res: 0.9137, 0.9152, 0.9173, 0.9180
Sup: 0.9100, 0.9064, 0.9000, 0.8950

 

[WindsorBrokers]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

EUR/USD

The pair steadies at 1.3450 zone after corrective pullback of yesterday’s sharp rally that peaked above 1.3500 barrier, found footstep within our support zone at 1.3440/00. Positive tone on 4H chart keeps hopes of fresh push higher, with clearance of 1.3532, yesterday’s high / over Fib 50% of 1.3810.1.3211 downleg, to expose the next strong resistances at 1.3600 zone, Fib 61.8% at 1.3605 / 1.3614, 18 Nov high and signal near-term base. On the downside, 1.3400, key near-term support, is expected to hold, to keep bulls in play.

Res: 1.3472, 1.3500, 1.3532, 1.3567
Sup: 1.3420, 1.3400, 1.3370, 1.3360

GBP/USD

Yesterday’s surge through key barrier at 1.5690/1.5700 zone suggests the pair is attempting to base, as gains extended to 1.5777, over Fib 76.4% of 1.5887/1.5422 decline and turned near-term focus higher. Corrective reversal on overbought conditions steadies above our initial support at 1.5655 for now, near Fib 38.2% of 1.5422/1.5777 ascend, with focus at 1.5800, above which to open next barrier at 1.5880 zone, 18 Nov high / 03 Nov low. Only loss of 1.5600 handle would sideline near-term bulls and turn focus lower.

Res: 1.5716, 1.5777, 1.5800, 1.5875
Sup: 1.5672, 1.5655, 1.5600, 1.5580

USD/JPY

Corrective action from 77.28, yesterday’s low, where sharp decline found support, remains capped by 20 day SMA at 77.80 for now. While below the latter, near-term focus remains on the downside, with the fifth wave on pullback from 78.27 high, to possibly test 77.00 zone. Break above 77.80/78.00, however, would improve the outlook and re-focus recent highs at 78.14/27.

Res: 77.80, 78.00, 78.14, 78.27
Sup: 77.50, 77.28, 77.00, 76.80

USD/CHF

Remains in near-term downtrend from 0.9328 high, as yesterday’s sharp fall through key supports at 0.9100/0.9080, extended loses to 0.9064 so far. Corrective bounce found strong resistance at 0.9150, previous support, with negative near-term studies keeping the downside favored, risk of forming double top pattern is rising. Below 0.9064 to focus 0.9000 initially, while only regain of 0.9200 barrier would improve near-term tone.

Res: 0.9137, 0.9152, 0.9173, 0.9180
Sup: 0.9100, 0.9064, 0.9000, 0.8950

 

[Arek Okrasa]

Re: Short Term Technical Analysis for Majors (Updated 2xDaily)

Hello All,

Options expiry today at 3pm London`s time
USD/JPY - 78.05
EUR/USD - 1.3400 and 1.3500
GBP/USD - 1.5500 and 1.5600

london-trader