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
Please visit our sponsors
Results 1 to 1 of 1
-
14-02-2011, 09:43 AM #1
Short Term Technical Analysis for Majors (08:00 GMT)
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.