Live Trading Room Quick Links:
Forex Academy Quick Links:
Misc. Quick Links:
Language:
English

Go Back   FX Instructor Forex Forums - For Traders, By Traders > The Book of Trades > Signals and Analysis

Signals and Analysis Read, contribute, and discuss market commentaries and trading signals.

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 12-03-2012, 10:06 AM
WindsorBrokers's Avatar
Senior Member
Last Achievements
 
Posts: 194
Points: 2,764, Level: 21
Points: 2,764, Level: 21 Points: 2,764, Level: 21 Points: 2,764, Level: 21
Level up: 86%, 36 Points needed
Level up: 86% Level up: 86% Level up: 86%
Activity: 99.8%
Activity: 99.8% Activity: 99.8% Activity: 99.8%
Default Short Term Technical Analysis for Majors (07:00 GMT)

EUR/USD

The Euro continues its rally after consolidation around 1.3000 and weekly close just below the figure. Fresh strength through 1.3000, also daily Ichimoku cloud top and 1.3020/25, previous highs / Fib 76.4%, opens way towards trendline resistance at 1.3082 and psychological 1.3100 barrier. 10-day EMA at 1.3020 offers initial support, ahead of more significant 1.3000, while any deeper dips should be contained at 1.2970/60, higher platform / 50% of 1.2879/1.3046, to keep immediate bulls intact. Conversely, violation of 1.2960/40 support zone, would delay bulls in favor of stronger retracement towards 1.2920/00, next support area.

Res: 1.3046, 1.3050, 1.3082, 1.3100
Sup: 1.3020, 1.3000, 1.2981, 1.2968





GBP/USD

Cable remains congested under strong 1.6050 barrier, following last Friday’s unsuccessful attempt to break higher. Near-term price action is entrenched within 1.6060 and 1.5960 range, as bulls run out of steam and indicators hold neutral tone. Upside break to open 1.6100, while penetration of 1.6000/1.5990 supports, would risk test of range floor and possibly open way for fresh weakness towards 1.5900.

Res: 1.6046, 1.6060, 1.6067, 1.6092
Sup: 1.6026, 1.6000, 1.5990, 1.5960




USD/JPY

The pair lacked momentum for full reversal of 82.83/81.68 descend, as rally from 81.68 stalled at 82.74 and subsequent corrective action is under way. Weekly close above 82.00 keeps bullish structure intact for possible attempt at psychological 83.00 level, with 82.00 expected to contain. Only violation of 81.68 support would sideline bulls and allow for stronger corrective action towards 81.40, Fib 38.2% of 79.06/82.83 and 81.00, round figure support.

Res: 82.50, 82.74, 82.83, 83.00
Sup: 82.20, 82.00, 81.90, 81.68





USD/CHF

The pair continues to trend lower, with series of loser lows, keeping focus at key near-term support and larger consolidation range floor at 0.9213. With fresh low being posted overnight and upside capped by descending 20 day EMA at 0.9260, bears remain fully in play. Negative studies on 1 and 4h chart support the notion. Only break above 0.9300, daily Ichimoku cloud base / Fib 61.8% of 0.9339/0.9242, would avert immediate downside risk.

Res: 0.9261, 0.9279, 0.9290, 0.9300
Sup: 0.9242, 0.9213, 0.9200, 0.9193

Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Short Term Technical Analysis for Majors (07:00 GMT) WindsorBrokers Signals and Analysis 0 11-27-2012 09:27 AM
Short Term Technical Analysis for Majors (07:00 GMT) WindsorBrokers Signals and Analysis 0 10-22-2012 08:13 AM
Short Term Technical Analysis for Majors (07:00 GMT) WindsorBrokers Signals and Analysis 0 09-27-2012 09:39 AM
Short Term Technical Analysis for Majors (07:00 GMT) WindsorBrokers Signals and Analysis 0 09-26-2012 09:43 AM
Short Term Technical Analysis for Majors (07:00 GMT) WindsorBrokers Signals and Analysis 0 09-25-2012 08:58 AM

 

Our Global Forex Community

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine