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Technical Summary for Majors

Mon, Nov 3 2008, 08:28 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EUR/USD – 9:00 (GMT+2)     Extended decline from 1.4867 22 Sep key lower top to reach 1.2329 2008 low - 28 Oct before rebounding to 1.3300 on 30 Oct. A sell off has reached 1.2665 and a minor hourly double dip here suggests a further upswing that could reach near 1.3200 trend-line off 14 Oct before underlying sellers attempt to reassert for 1.2558 & below. Above 1.3300 needed to turn near-term focus higher.

Res: 1.2901, 1.2933, 1.3007, 1.3050

Sup: 1.2732, 1.2665, 1.2625, 1.2558

USD/JPY – 9:00 (GMT+2)         Declined from 110.67 15 Aug high to post a fresh 2008 low at 90.87 on 24 Oct. A corrective base then sparked a rebound to 99.79 on Wednesday ahead of dips to 96.08 and 96.35. Resist at 99.79 is now being pressured and above here wild pivot to 100.77 50% of 110.67/90.97 before underlying bears look to reassert. Immediate support at 98.20. Below remote 96.08/35 confirms bear resumption.

Res: 99.79, 100.22, 100.57, 100.77

Sup: 97.98, 97.77, 97.40, 97.23

GBP/USD – 9:00 (GMT+2)     The recovery from the 6-year low at 1.5260 24 Oct 2008 is prone to leaving a lower top vs 1.7518/1.7632 20/14 Oct highs while sustained trading under last Thursday's 1.6675 swing high gives credence to 14-day RSI negative reversal warning of selldown to projected 1.4605 region. However, a fresh upleg off 1.5968/1.5800 suggests further headway to 1.6781/1.6926 (10/13 Oct lows).

Res: 1.6398, 1.6430, 1.6499, 1.6511

Sup: 1.6210, 1.6170, 1.6118, 1.6098

USD/CHF – 9:00 (GMT+2)       Extended upleg off 1.0690 22 Sep low to reach 1.1748 on 24 Oct. A corrective dip followed to 1.1200 last Thursday ahead of a lower rejection. 1.1688 seen Fri before current minor ease. A near-term bull consolidation now developing and a higher low is now sought above 1.1358/1.1400 for fresh attempts on 1.1688/1.1748, where an eventual break is anticipated. Only below 1.1200 questions.

Res: 1.1582, 1.1634, 1.1710, 1.1748

Sup: 1.1400, 1.1335, 1.1320, 1.1277

Published on  Mon, Nov 3 2008, 07:35 GMT

fbd930ed-dd8c-4e92-9eb0-ec7df800d95c

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Technical Summary for Majors

Wed, Oct 29 2008, 11:03 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD

Rallied 1.2334/31, 27/28 Oct minor double-bottom on the hourly chart while highlighting a bull engulfing candle pattern. Further recovery is seen towards 1.2875, 38.2% retracement of 1.3769/1.2331 downleg, ahead of 1.3007/49, 24 Oct high / 50% retracement, possibly to 1.3077, 22 Oct high. Hourly studies, now approaching overbought territory, risk pullback for a swing low over 1.2687/00.

Res: 1.2879, 1.2895, 1.3007, 1.3049
Sup: 1.2585, 1.2496, 1.2445, 1.2405

 



GBPUSD

Retraced over 76.4% of 2001-2007 1.3682/2.1162 rally on a plunge to a new 6-year low at 1.5260 on 24 Oct. Subsequent recovery is now underpinned by 1.5278/1.5400, 27/28 Oct lows. Fair resistance is seen ahead of 1.6346, where a break would spark a rally to 1.6446, 50% retracement level.

Res: 1.6150, 1.6236, 1.6293, 1.6346
Sup: 1.5943, 1.5831, 1.5755, 1.5690

USDJPY
Bounced off 90.87, 24 Oct low, taking out lower tops at 98.08/33, approximately 61.8% retracement of 102.42/90.87 fall, to reach 99.79, 76.4% retracement, before latest setback. Deeper pullback may extend towards 95.27, 61.8% retracement of 92.48/99.79 upleg and 94.93 next, before potential bounce. Back over 98.00/10 reinstates corrective bulls.

Res: 97.89, 98.33, 99.79, 100.77
Sup: 95.33, 94.93, 94.50, 94.20

 


USDCHF
Continues to ease off 1.1748, 24 Oct rally high, while bear engulfing candle of 27 Oct weighs. Latest loss of 1.1480, 24 Oct low, signals an area top breakout to retrace upleg from 1.1129 low towards 1.1275, 14 Oct low, approximately 76.4% retracement of 1.1129/1.1748 upleg. Regaining 1.1657, yesterday’s high, is needed to suggest renewed strength.

Res: 1.1600, 1.1657, 1.1710, 1.1748
Sup: 1.1396, 1.1344, 1.1320, 1.1280

Published on  Wed, Oct 29 2008, 11:07 GMT

bb7a6afb-f87e-4868-aeb3-30ec149cfe4b

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Technical Summary for Majors

Wed, Oct 22 2008, 14:38 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD

Extended bear phase from 1.4867, 22 Sep high, to reach 1.3258 low on 10 Oct, ahead of corrective bounce to 1.3769. Weakness and consolidation developed a negative formation, and the latest break below 1.3400 commenced the leg lower toward 1.2678, 1.2740 seen so far. Upside, 1.3042, 38.2% retracement of 1.3531/1.2740 decline, expected to cap.

Res: 1.2981, 1.3000, 1.3042, 1.3105
Sup: 1.2815, 1.2740, 1.2700, 1.2678

GBPUSD

Bounce off 1.6775, 10 Oct low, peaked at 1.7632 on 14 Oct, before renewed weakness emerged. Lower high was left at 1.7518 from where sharp falls followed, meeting 1.6201 so far. Negative short-term structure favors fresh falls, with 1.6781, 10 Oct low, capping trade for the meantime. Potential break higher will improve the tone. The latest break through 1.6534, 61.8% retracement of 1.3680/2.1162 long-term uptrend, targets 1.5609/1.5447 next.

Res: 1.6600, 1.6650, 1.6730, 1.6781
Sup: 1.6201, 1.6157, 1.6065, 1.6000

 


USDJPY
Topped out at 110.67 on 15 Aug, before forming a negative structure. Lower rejection at 97.91 on 10 Oct, led to a recovery to 103.06, before sellers reasserted for 99.26. A bear triangle formed and this was completed yesterday on a break under 100.60. This signals an initial drop to test 97.91. Medium-term head and shoulders top warns of retest of 95.77, while 100.57/87 area expected to cap.

Res: 99.86, 100.08, 100.58, 100.87
Sup: 97.91, 96.86, 96.30, 95.77

USDCHF
Rallied off 1.0690, 22 Sep low, to reach 1.1488 high on 06 Oct. Consolidation below there, with higher lows posted, developed a bullish continuation formation. Moving averages support the structure and break above 1.1488 commenced the next phase higher toward a projected target at 1.1850. Today's low at 1.1509 now underpins the advance.

Res: 1.1703, 1.1735, 1.1786, 1.1850
Sup: 1.1524, 1.1499, 1.1475, 1.1440

Published on  Wed, Oct 22 2008, 14:43 GMT

f7f00faa-0ca2-4dd4-abaa-be24810f3e41

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Technical Summary for Majors

Mon, Oct 20 2008, 07:54 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EUR/USD – 9:00 (GMT+3)       Extended bear phase from 1.4867 22 Sep high to reach 1.3258 on 10 Oct. A lower rejection here triggered a bounce to post a key lower top at 1.3769. Weakness to 1.3345 last Thursday has been followed  as a likely bear continuation formation develops. Below 1.3380/1.3401 will confirm the next phase lower to initially re-test 1.3258. Over 1.3517/40 needed to delay.

Res: 1.3502, 1.3517, 1.3540, 1.3577

Sup: 1.3380, 1.3345, 1.3303, 1.3258

USD/JPY – 9:00 (GMT+3)         Reached 110.67 on 15 Aug before topping as a negative structure developed. A lower rejection 10 Oct led to a recovery to 103.06 last Tues before sellers reasserted for 99.26. A bounce is underway from this level as a triangle forms. Push higher off 101.24/41 looks set to test 102.85/103.06, where selling should be seen for a relapse to 100.10 (lower triangle). Above firms near-term outlook.

Res: 102.26, 102.85, 103.06, 103.30

Sup: 101.41, 101.24, 100.94, 100.61

GBP/USD – 9:00 (GMT+3)      Fell from 2.0162 15 Jul high breaking through the neckline of a H&S top three weeks later. This move led to sharp losses eventually finding interim support at 1.7445 the near exact 1.618 extension of the 2.1162/1.9337 fall from 2.0399 13 Mar high. Recovery topped out at 1.8672 25 Sep high before fall to 1.6781. Daily morning star pattern buoys though only above 1.7660 to firm.

Res: 1.7518, 1.7602, 1.7632, 1.7660

Sup: 1.7385, 1.7355, 1.7290, 1.7278

USD/CHF – 9:00 (GMT+3)      Rallied off 1.0690 22 Sep low to reach 1.1488 06 October high before selling off to 1.1129 10 Oct. A lower rejection here and consolidation has formed a bull pattern. 1.1490 was seen last Thursday ahead of an ease. However, while 1.1240/83 supports, the structure remains positive for further attempts on 1.1488-99. Bull configuration targets 1.1700 area near-term. Below 1.1240/83 delays, risking 1.1129.

Res: 1.1396, 1.1440, 1.1490, 1.1524

Sup: 1.1275, 1.1240, 1.1200, 1.1164

Published on  Mon, Oct 20 2008, 08:00 GMT

3036278c-3f13-4ce2-be0f-6075223c6983

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Technical Summary for Majors

Wed, Oct 15 2008, 13:41 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD

Dipped to a fresh yearly low at 1.3258 on 10 Oct, as of downtrend from 1.4864, 22 Sep lower top, broke under 1.3881, 11 Sep previous low. Current consolidation/correction phase seeks for clearance of 1.3769/85, key resistance area, to mark a bottom, for significant recovery. Downside, 1.3535 now offers initial support and loss of the latter will dampen bulls for fresh push lower. 1.3485/43 area is seen next, ahead of final push towards 1.3258.


Res: 1.3694, 1.3769, 1.3785, 1.3804
Sup: 1.3570, 1.3535, 1.3485, 1.3443

GBPUSD

Extends recovery after weakness 1.8668, 25 Sep lower top, extended loss to reach 1.6775, new yearly low on 10 Oct. 1.7629 was reached yesterday, with subsequent easing to 1.7380. Fresh advance now underway, with clearance of 1.7629 and 1.7655, 08 Oct high, needed to resume recovery towards 1.7714/30, possibly 1.7837, 03 Oct high, on a break. 1.7425/1.7380 now underpins the advance and only loss of the latter would allow stronger recovery.

Res: 1.7629, 1.7655, 1.7714, 1.7730
Sup: 1.7496, 1.7425, 1.7380, 1.7335

USDJPY
Rally off 95.72, March’s low, reached 110.67 on 15 Aug before topping, as a negative structure developed. A lower rejection at 97.91 and consolidation formed a reversal that was completed on a break above 101.00 on 13 Oct. 103.06 high was seen yesterday, ahead of a ease. Currently, 100.85 supports the scope for a fresh upswing towards 103.50, possibly 104.30. Break below 100.85, however, will turn focus lower.

Res: 101.92, 102.26, 102.53, 103.06
Sup: 100.85, 100.40, 99.99, 99.56

 


USDCHF
Rallied off 1.0690, 22 Sep low, to reach 1.1488 high on 06 Oct, before reversal to 1.1129. A lower rejection here has set up a recovery phase, and lower peaks are anticipated as momentum weakens. 1.1440 now provides a key cap while loss of 1.1275 would trigger a fresh weakness towards 1.1129. Sustained break above 1.1440 is needed to open a fresh attempt higher, targeting 1.1488, possibly 1.1524 on a break.

Res: 1.1414, 1.1444, 1.1488, 1.1524
Sup: 1.1316, 1.1275, 1.1240, 1.1218

Published on  Wed, Oct 15 2008, 13:44 GMT

64501b2b-c1be-436e-ab96-7e429c3037d8

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Technical Summary for Majors

Mon, Oct 13 2008, 14:51 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Decline from 1.4867, 22 Sep high, left a lower top at 1.3786 on 9 Oct, with break below 1.3443, 06 Oct low, extending losses to reach a fresh yearly low at 1.3258 on 10 Oct, ahead of latest rebound. Scope is now seen fresh rise to retest 1.3743/85, last week’s high. Only loss of 1.3506/1.3443 to spark fresh weakness.


Res: 1.3694, 1.3722, 1.3742, 1.3756
Sup: 1.3540, 1.3506, 1.3456, 1.3445

 



GBPUSD
Extended losses from 1.8672 lower top on 25 Sep to 1.6781, lowest since Nov 03, after market broke below 1.7188/1.7047, 2006/2005 lows. A choppy correction higher has followed, exceeding 1.7395, 09 Oct lower top, suggesting further gains towards 1.7428/45, possibly 1.7496/1.7559, before the underlying downtrend reasserts. Supports now start at 1.7223/1.7180.

Res: 1.7445, 1.7496, 1.7559, 1.7599
Sup: 1.7230, 1.7188, 1.7180, 1.7111

 


USDJPY
Rally off 95.72, March’s low, reached 110.67 on 15 Aug before topping, as a negative structure developed. Drop under 103.50 support completed a multi-month head and shoulders top pattern, sparking a sell-off to reach 97.91 on 10 Oct, so far. Consolidation attempt now being seen and while 101.20/49 zone caps, the short-term structure remains negative, looking for retest of 96.86, possibly 95.77. Lift above 101.20/49 would trigger corrective rebound to 103.50.

Res: 100.90, 101.20, 101.51, 101.75
Sup: 99.56, 99.10, 98.90, 98.60

USDCHF
Broke above 1.1419, 11 Sep high, to reach a fresh yearly high at 1.1488. The subsequent loss of 1.1370/34 and 1.1318/1.1281 support zones, ended hopes of a fresh rise to 1.1524/44, with weakness having reached 1.1129, ahead of a rebound to 1.1410/14 today. Consolidation now seen and while holding above 1.1240/10, scope remains for fresh rally toward 1.1488.

Res: 1.1414, 1.1444, 1.1488, 1.1524
Sup: 1.1240, 1.1200, 1.1161, 1.1120

Published on  Mon, Oct 13 2008, 14:57 GMT

e5b4fa41-17cd-47ee-848f-9f02b0ed9154

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Technical Summary for Majors

Fri, Oct 3 2008, 09:47 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended decline from 1.4867, 22 Sep recovery high, with yesterday’s break through 1.3882, 11 Sep yearly high, reaching 1.3747, ahead of a rebound through 1.3871/82. This puts immediate fears of fresh falls on hold in favor of a further correction higher to 1.3975/1.4008, possibly 1.4075/93 on a break. Loss of 1.3797, trendline support will question the upside.

Res: 1.3910, 1.3934, 1.3975, 1.4008
Sup: 1.3797, 1.3772, 1.3747, 1.3720

GBPUSD
Has nearly fully recovery from 11 Sep 2-year low at 1.7445, to 1.8672, 25 Sep peak, reaching 1.7552 yesterday, ahead of a correction higher. A brief overshoot of 1.7723, yesterday’s high, to 1.7736, is now being followed by a dip. Losing 1.7607/1.7596 will resurrect fears of fresh falls toward 1.7445 at the expense of a recovery extension towards 1.7810/78, 01 Oct highs.

Res: 1.7736, 1.7758, 1.7810, 1.7860
Sup: 1.7633, 1.7596, 1.7542, 1.7505

USDJPY
Multi-month rally off 95.72, 17 Mar low, reached 110.67 on 15 Aug, before topping. A negative structure developed and 103.54 was seen on 16 Sep. 108.04 was met ahead of a negative cycle that based at 103.50 on 30 Sep. The lower rejection here sparked 106.54, before current slippage. Near-term, further consolidation is expected within a 103.50/107.03 tightening range. Break above 105.76 is needed to firm for 106.54, while loss of 104.66 risks a 103.50 retest.

Res: 105.56, 105.76, 105.96, 106.26
Sup: 104.86, 104.60, 104.49, 104.12

USDCHF
Has almost fully retraced the retreat from the new year high at 1.1419 on 11 Sep, the rise from 1.0690 on 22 Sep reached a peak of 1.1413 yesterday, ahead of the latest setback. Losing 1.1287/92 and 1.1247/52 support area will increase likelihood of 1.1413 marking a significant short-term top for a retreat towards 1.1146/1.1088. Lift above today’s 1.1377 high is needed to improve the outlook.

Res: 1.1377, 1.1419, 1.1451, 1.1478
Sup: 1.1282, 1.1247, 1.1237, 1.1188

Published on  Fri, Oct 3 2008, 09:53 GMT

e8a8e585-ba83-43a8-a9cd-4b47c0f70664

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Technical Summary for Majors

Tue, Sep 30 2008, 10:30 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Continues to retrace recent corrective upswings from 11 Sep 1.3882 low, which topped out at 1.4867, on 22 Sep, following Monday's relapse below 1.4540, 18 Sep high. Downside risk is tagged at 1.4255, 61.8% retracement of the 1.3882/1.4867 upleg next, ahead of possible extension to 1.4152/1.4073, 19/16 Sep lows. Yesterday's intraday spike top at 1.4572 seen capping for now.

Res: 1.4433, 1.4485, 1.4514, 1.4527
Sup: 1.4338, 1.4303, 1.4255, 1.4193

 



GBPUSD
Decline from 1.8672, 25 Sep lower high, accelerates upon break of 1.8305 support, which saw losses to 1.7960 thus far. Yesterday’s intraday lower high at 1.8182 caps for deeper setback to 1.7915/14, 19 Sep low/61.8% retracement of 1.7445/1.8672 rise. Break there opens a barrage of fair supports between 1.7868/1.7798.

Res: 1.8131, 1.8186, 1.8229, 1.8268
Sup: 1.8001, 1.7985, 1.7960, 1.7915

 


USDJPY
Maintains negative structure off 110.67, 15 Aug peak, with 103.54 low being reached on 16 Sep. From here a quick bounce was seen to 108.04 on 19 Sep. Consolidation followed, with break under 105.20 support sparked a sell off to 103.50. Bounce on oversold conditions is now underway, although 105.24, 50% retracement of 106.96/103.50 downleg, should cap for the next leg lower to test 102.73/57 area.

Res: 105.24, 105.40, 105.67, 106.04
Sup: 103.50, 103.22, 103.05, 102.73

 


USDCHF
Has shied off 200-day MA from a low of 1.0690, before firming to retrace apparent 3-legged swings from 1.1419 rally high. The pullback from 1.1088 high has found support off 24 Sep higher base at 1.0802 thus far, while firming next upside return and possibly towards 1.1141, 61.8% retracement of 1.1419/1.0690 fall.

Res: 1.1035, 1.1088, 1.1111, 1.1120
Sup: 1.0905, 1.0878, 1.0842, 1.0813

Published on  Tue, Sep 30 2008, 10:36 GMT

50afe44d-3447-496e-8ace-761bd49e7098

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Technical Summary for Majors

Thu, Sep 25 2008, 10:16 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended recovery from 11 Sep new year low at 1.3882, to reach at 1.4864 high on 22 Sep. Weakness from there initially reached 1.4623 on 23 Sep, ahead of fresh decline to 1.4603 in Asia today, before rallying. Clearance of 1.4747 lower top, extended gains to reach 1.4769 so far. Correction lower is likely, with higher low expected at 1.4665/35, ahead of fresh push higher for1.4802/26 retest, with possible overshoot to 1.4864/1.4909, seen on a break.

Res: 1.4769, 1.4787, 1.4802, 1.4826
Sup: 1.4674, 1.4665, 1.4626, 1.4603

GBPUSD
Extended recovery from new 2-year low at 1.7445, posted 11 Sep, to reach 1.8648 on 22 Sep, ahead of a correction lower to 1.8460/58. The extent of the rise from there, taking out 1.8648 to reach 1.8672 so far, has raised hopes that 1.8458/60 marks a higher low for a fresh extension towards 1.8723/92, possibly 1.8804/38. Look for latest dip to find support at 1.8555/25.

Res: 1.8672, 1.8688, 1.8723, 1.8792
Sup: 1.8555, 1.8513, 1.8490, 1.8475

USDJPY
Formed a higher base at 105.15/17, following pullback from 19 Sep recovery high of 108.04, also 61.8% retracement of 110.67/103.54 fall. Rising lows from 103.54, 16 Sep low and the higher base at 105.15/17, favors further upswings. Over 106.35 opens 106.88, ahead of 107.50, trendline resistance, drawn off 110.29. Loss of 105.15 will turn focus lower.

Res: 106.35, 106.60, 106.88, 107.00
Sup: 105.45, 105.35, 105.15, 104.93

USDCHF
Extended retreat from yearly high at 1.1419 on 11 Sep, to 1.0690 on 22 Sep, ahead of a corrective recovery. This briefly exceeded former support at 1.0900/26, to reach 1.0935 in Asia today, ahead of latest retreat. As yet, 1.0935 unconfirmed as the looked-for lower top for a renewed slide beyond 1.0690, to 1.0625/10.

Res: 1.0889, 1.0910, 1.0935, 1.0973
Sup: 1.0802, 1.0779, 1.0761, 1.0726

Published on  Thu, Sep 25 2008, 10:22 GMT

5116b434-6182-4261-9038-0ce470747d23

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Technical Summary for Majors

Tue, Sep 23 2008, 12:47 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Has accelerated the recovery from 11 Sep new year low at 1.3882, with clearance of 1.4543 previous high, setting up a move through 1.4667/87 and 1.4704/29 resistance area to eventually peak at 1.4867 yesterday. Weakness from there so far supported at 1.4680, but deeper correction to 1.4626/1.4563, then 1.4546/43 remains possible, before fresh attempts to resume gains towards 1.4909/52.

Res: 1.4826, 1.4867, 1.4909, 1.4952
Sup: 1.4674, 1.4626, 1.4563, 1.4533

 



GBPUSD
Continued to recover strongly from new 2-year low at 1.7445 on 11 Sep, having accelerated as far as 1.8648, ahead of today's correction to 1.8486. A bounce to retest 1.8648 now seen, clearing which will end immediate fears of a deeper setback towards 1.8362/85 in favor of an early extension of gains towards 1.8723/92, possibly 1.8804/38.

Res: 1.8648, 1.8723, 1.8792, 1.8804
Sup: 1.8475, 1.8449, 1.8385, 1.8352

USDJPY
Rallied off mid July's low at 103.77 to 110.67 on 15 Aug, before forming a negative structure. 103.54 was reached, ahead of a bounce to 106.72. Last Thursday's higher low at 103.97 then underpinned a strong rally to 108.04, near 62% retracement of 110.67/103.54 downleg. Market is now sliding back towards 104.70, where a further upswing may commence. Near-term, further ranging likely.

Res: 105.94, 106.17, 106.54, 106.88
Sup: 105.15, 104.93, 104.70, 104.32

 


USDCHF
Has continued with choppy retreat from new year high at 1.1419 on 11 Sep, this followed the failure to sustain a break of 02 Jan top at 1.1334. From 19 Sep rally top at 1.1282, an extension through 1.0900 low occurred, extending losses to 1.0690. 1.0857 has so far capped recovery attempts, but extension to 1.0900/26, then 1.0965/73 remains possible before short-term downtrend resumes.

Res: 1.0857, 1.0900, 1.0926, 1.0983
Sup: 1.0726, 1.0690, 1.0625, 1.0610

Published on  Tue, Sep 23 2008, 12:57 GMT

e496bda6-6ffe-4ef8-930d-aced14949adb

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Technical Summary for Majors

Mon, Sep 22 2008, 14:38 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extends the choppy recovery from, 1.3882, new yearly low, clearing 1.4540, 18 Sep former high, today. Immediate risk of reversal of the latest rally from 1.4151 higher low are now on hold, in favor of fresh gains through 1.4600/1.4620, towards 1.4667/87. Potential break there would open 1.4700/29 next, while 1.4500/1.4465 offers initial support.

Res: 1.4667, 1.4687, 1.4700, 1.4729
Sup: 1.4570, 1.4540, 1.4500, 1.4465

GBPUSD
Continued recovery from 1.7445, 11 Sep fresh 2-year low at 1.7445, clearing through the 1.8386 former high. Corrective dips have left a succession of higher lows, with 1.7915, 19 Sep significant one, with support having emerged today at 1.8265. Fresh headway has tested 1.8475 thus far and a fresh higher low now may open way for 1.8561/90 target next.

Res: 1.8475, 1.8489, 1.8535, 1.8561
Sup: 1.8385, 1.8360, 1.7336, 1.8295

USDJPY
Rally off 103.77, 16 July low, reached 110.67 on 15 Aug, before forming a negative structure. Dip to 103.54 was seen, ahead of a bounce to 106.70. Higher low at 103.97 then underpinned a strong rally to 108.02 on 19 Sep. This marks a trendline resistance drawn off 110.28, 25 Aug high. Higher low now sought near 106.00, 50% retracement of 103.97/108.02 rally, for a further ascend towards 109.08, 08 Sep high.

Res: 107.25, 107.45, 107.75, 108.04
Sup: 105.94, 105.80, 105.38, 105.22

 


USDCHF
Cleared key resist at 1.1334, 2008 high, to peak at 1.1419 last on 11 Sep, before reversing. Weakness accelerated to 1.0900, ahead of recovery through 1.1252/80 highs, to break a succession of lower tops. A steady retreat has followed, this is now retesting 1.0920/1.0884 support area, with possible extension to 1.0857/36, seen on a break.

Res: 1.1007, 1.1030, 1.1054, 1.1102
Sup: 1.0900, 1.0884, 1.0857, 1.0836

Published on  Mon, Sep 22 2008, 14:42 GMT

8781613f-87bf-40f5-8aee-293efecaae45

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Technical Summary for Majors

Mon, Sep 15 2008, 09:47 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended losses from 1.4909/1.4812 lower tops within downtrend from 1.6040, to reach 1.3882 on 11 Sep, before recovering. Break above 1.4046/74 resistance area ended immediate fears of fresh falls, with subsequent break through 1.4146/80 confirming reversal. Market reached 1.4482 high today, before latest dip, with yet no signs of a higher low for a fresh recovery. Losing 1.4233/27 may open 1.4143/28 next.

Res: 1.4335, 1.4350, 1.4365, 1.4385
Sup: 1.4233, 1.4200, 1.4180, 1.4143

GBPUSD
Extended losses from 1.8792, 21/22 Aug lower top, following a multi-week downtrend from 2.0162, to post succession of 2-year lows, eventually reaching 1.7445 on 11 Sep. A strong recovery followed, with break of 1.7679/1.7745 and 1.7790/1.7860 resistances, signaled a return towards 1.8483/1.8510, 38.2% retracement of 2.0162/1.7445 decline. 1.8125/29 highs so far met, with initial dip now seen, before attempts to resume recovery.

Res: 1.8072, 1.8129, 1.8151, 1.8173
Sup: 1.7935, 1.7900, 1.7860, 1.7786

USDJPY
Extended gains off 16 July low at 103.77, to reach 110.67 on 15 Aug, before establishing a negative structure. Latest fall from 12 Sep high at 107.99 is now breaking 104.98, 38.2% retracement of 95.77/110.67 rise and below here ends 95.77 phase, to trigger an initial drop to test 103.77. Sustained break of 106.90 is needed to improve outlook.

Res: 106.10, 106.41, 106.70, 106.91
Sup: 104.16, 104.00, 103.87, 103.77

USDCHF
Cleared key resist at 1.1334, 2008 high, to peak at 1.1419 last on 11 Sep. Initial drift lower has accelerated today, reaching 1.1059, ahead of the latest consolidation. As yet, a lasting low is not signaled at 1.1059 and 1.1290/93 now reverted to resistance, ahead of a deeper retreat toward the 1.1010/1.0950 area. Back above 1.1335/56 is required to signal an improvement.

Res: 1.1185, 1.1220, 1.1243, 1.1303
Sup: 1.1059, 1.1047, 1.1010, 1.0950

Published on  Mon, Sep 15 2008, 09:51 GMT

397b6e4a-a63b-44c4-b1e5-2f60ded981c7

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Technical Summary for Majors

Fri, Sep 12 2008, 14:53 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Break below 1.4365, 22 Jan yearly low, extended downtrend from 1.6039, historical high, to reach 1.3882 low yesterday, ahead of correction higher. Clearance of 1.4046/74 resistance zone has delayed a fresh weakness under 1.3882 to 1.3825/1.3670, in favor of further gains towards1.4150/80 area, where a lower top may form below former 09 Sep 1.4226 high.


Res: 1.4158, 1.4180, 1.4202, 1.4226
Sup: 1.4046, 1.4000, 1.3987, 1.3975

GBPUSD
Extended losses from 1.8792, 21/22 Aug lower top, following decline from 2.0162, 15 July lower top, to a succession of 2-year lows. Corrective attempt reached 1.7977 on 08 Sep, ahead of slide to 1.7471, followed by bounce to 1.7708. Corrective recovery now under way, this has overshot resistance at 1.7679/1.7745 to suggest further gains for test of 1.7790/1.7860, before possibly topping out.

Res: 1.7824, 1.7860, 1.7889, 1.7935
Sup: 1.7708, 1.7679, 1.7634, 1.7614

USDJPY
Firmed from 103.77, 15 July low, to reach 110.67 on 15 Aug, before establishing a negative structure. Acceleration lower to 105.67/53 on 05 Sep formed a double dip in oversold territory and this fueled a rebound to post a lower top at 109.08, ahead of reversal to 106.07 yesterday. Latest upswing has stalled at 107.71, setting up a fresh test towards 106.07, possibly 105.53. Reclaim of 107.72/94 needed to firm near-term outlook.

Res: 107.42, 107.72, 107.94, 108.15
Sup: 106.66, 106.37, 106.24, 106.07

 


USDCHF
Remains in uptrend, with clearance of 1.1334, 2008 high on 08 Sep, extending gains to post a fresh one at 1.1373, ahead of dip to 1.1215. Fresh headway from there tested lower end of 1.1416/51 target area yesterday, reaching 1.1418/19 highs, interrupted by a dip to 1.1335. A deeper correction is now under way, but scope exists for 1.1305/1.1254 to contain dips, ahead of fresh attempt towards 1.1493/1.1524.

Res: 1.1400, 1.1419, 1.1451, 1.1478
Sup: 1.1275, 1.1250, 1.1245, 1.1215

Published on  Fri, Sep 12 2008, 14:58 GMT

bcca3cd5-1d03-4b2c-b84b-adb57aa7e678

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Technical Summary for Majors

Wed, Sep 10 2008, 11:41 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Remains in downtrend after market broke 1.4365, 22 Jan yearly low, last week. Current downleg commenced from 1.4812 on 28 Aug, a lower top within downtrend from 1.6040, historical high. Fresh decline from 1.4430, 08 Sep lower top, reached 1.4046 yesterday before correcting to 1.4226, within 1.4200/1.4240 ideal lower top area. Downside break of 1.4092/46 would trigger extension to 1.4015/00, possibly 1.3955/30 on a break.

Res: 1.4180, 1.4212, 1.4226, 1.4240
Sup: 1.4059, 1.4046, 1.4035, 1.4015

GBPUSD
Extended losses from 1.8792, 21/22 Aug lower top, following decline from 2.0162, 15 July lower top, to a succession of 2-year lows. Corrective attempt reached 1.7977 on 08 Sep, ahead of slide to 1.7471, followed by bounce to 1.7708. Latest reversal below 1.7560 raises fears of 1.7708 marking a lower top for fresh weakness towards 1.7446/1.7395.

Res: 1.7642, 1.7689, 1.7708, 1.7724
Sup: 1.7537, 1.7505, 1.7471, 1.7463

 


USDJPY
Moved higher following recovery from 103.77, 15 July low, to reach 110.67 on 15 Aug, before establishing a negative structure. Acceleration lower to 105.67/53 on 05 Sep formed a double dip in oversold territory and this fueled a rebound to post a lower top at 109.08. Decline from latter tested 106.66, just above 106.37, 76% retracement of 105.53/109.08 rally, ahead of fresh gains towards 109.08. Loss of 106.37/105.53 zone weakens the structure.

Res: 107.72, 108.01, 108.25, 108.45
Sup: 106.66, 106.37, 106.24, 106.00

 


USDCHF
Remains in uptrend, with clearance of 1.1334, 2008 high on 08 Sep, extending gains to post a fresh one at 1.1373, ahead of dip to 1.1215. Consolidation has followed, but the leg from 1.0882, 28 Aug higher low, with the uptrend from 1.0011, is favored to extend gains towards 1.1416/51, possibly 1.1493/1.1524. However, today’s failure to clear 1.1365/73, may signal a deeper dip below 1.1215/1.1190.

Res: 1.1345, 1.1373, 1.1400, 1.1416
Sup: 1.1230, 1.1215, 1.1190, 1.1172

Published on  Wed, Sep 10 2008, 11:45 GMT

6f5f2cf3-4f5d-4001-8366-ee6c2084cf5e

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Technical Summary for Majors

Fri, Sep 5 2008, 06:49 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Hesitated at a 2-year rising trendline before resolving lower to extend decline from 1.6020/40, 22 Apr/15 July major double-top. Subsequent loss of 1.4317 key higher low, 22 Dec 07, now adds to risk of extension towards 1.4015, 09 Oct 07 low and 1.4000 next, possibly 1.3840, 18 Sep 07 low, near 50% retracement of 1.1640/1.6040 rise, thereafter. 1.4375/85 resistance area, caps for now.

Res: 1.4330, 1.4365, 1.4385, 1.4410
Sup: 1.4261, 1.4212, 1.4171, 1.4126

 



GBPUSD
Continues to decline from 1.8792, 21/22 Aug tweezers top, where fresh 2-year lows were made daily since 22 Aug breakdown of 1.8510, 15 Aug former yearly low, support. Descending 5-day MA, now at 1.7777, has capped intraday upswing and sustained gyration below which would risk 1.7505/26, while different 1.618/2.618 projections intersect at 1.7445/46, to hint of a base.

Res: 1.7605, 1.7627, 1.7667, 1.7680
Sup: 1.7537, 1.7526, 1.7505, 1.7484

 


USDJPY
Accelerating decline following yesterday's loss of a 5-month bull trendline support, while further retracing prior upleg from 103.77, 16 July low. Further downside below 100/200-day MA, near 106.50/60, risks 105.40, 76.4% retracement of 103.77/110.67 upleg and 104.76 region. Resistance zone at 107.85/108.00 should cap for now.

Res: 107.40, 107.62, 107.85, 108.11
Sup: 106.45, 105.91, 105.67, 105.40

 


USDCHF
Maintains short-term bullish footing as yesterday's lower rejection of a 2- month rising channel drawn off 1.0011, 15 July low, pivots current rise to approach 1.1192/1.1202 minor lower tops. Further rise now hinges on yesterday’s 1.1008 low and over 1.1200/05 hinting near-term 1.1458, 50% retracement of 1.3286/0.9630 fall. Loss of 1.1008, however, warns of reversal to key 1.0842/25 support zone.

Res: 1.1145, 1.1180, 1.1192, 1.1202
Sup: 1.1080, 1.1039, 1.1008, 1.0965

Published on  Fri, Sep 5 2008, 06:53 GMT

f50e50dd-708c-4821-b598-90fe545b05ee

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Technical Summary for Majors

Tue, Sep 2 2008, 14:50 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended month-long drop from 1.6040 to reach 1.4570 last Tuesday, before recovering to 1.4812. A short-term head and shoulders top was then completed on last Friday’s reversal under 1.4666/71. A steady retreat has followed, having today breached 1.4570 low to exceed 1.4550/30 and 1.4496/82 targets, opening 1.4450/40, possibly key 1.4390/65 area. Upside, 1.4556/70 zone now offers resistance.

Res: 1.4516, 1.4538, 1.4556, 1.4580
Sup: 1.4464, 1.4450, 1.4440, 1.4422

GBPUSD
Continues to slide from 1.8792, 21/22 Aug lower top, extending the multi-week downtrend from 2.0162, to a succession of new 2-year lows. Losses have yet again accelerated lower today, building on Monday's loss of 1.8000. Hopes of a minor low at 1.7845/50 are over, a lower top at 1.7940/44 has triggered an extension lower, with 1.7777/50, then 1.7715/1.7679 seen as next downside targets.

Res: 1.7885, 1.7907, 1.7954, 1.7984
Sup: 1.7778, 1.7752, 1.7715, 1.7679

USDJPY
Firmed off 15 July 103.77 low, to reach 110.67 on 15 Aug, before falling back to 108.13, developing a broad range. Completion of a 5 day triangle has triggered a break under the 108.13/00 support area to signal an extension lower, to probe below 107.68. 107.62 was reached and a rebound is now breaching 108.58-70 to neutralize bears.

Res: 109.00, 109.22, 109.57, 109.72
Sup: 107.91, 107.77, 107.62, 107.46

 


USDCHF
Extended rise from 1.0011 to 1.1087, but failed to see a lasting break of 20 Aug high at 1.1042, retreating from 1.1087 to 1.0884, before recovering. Break through 1.1025 completed a base, with initial highs at 1.1040/48 now breached since yesterday’s 1.0950 higher low. 1.1108/24 also exceeded, raising hopes of fresh gains to 1.1173/92. Corrective pullback on overbought hourlies, however, may precede rally.

Res: 1.1150, 1.1173, 1.1192, 1.1202
Sup: 1.1048, 1.1020, 1.1013, 1.1000

Published on  Tue, Sep 2 2008, 14:55 GMT

5164556c-c895-4b15-a23d-698613044b7a

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Technical Summary for Majors

Fri, Aug 29 2008, 07:02 GMT

Windsor Brokers Ltd

DAILY MARKET REPORT

29.08.2008

EUR/USD
Has faintly breached Monday's former weekly high before pulling back sharply from 1.4812. A negative channel drawn off 1.4980, 13 August, reflects possible bear deceleration towards 2-year rising trendline at 1.4450/40. An hourly swing top under 1.4812 is sought before next downside and break of 1.4671 exposing the 1.4570, 26 August low.

Res: 1.4760, 1.4777, 1.4812, 1.4842
Sup: 1.4718, 1.4687, 1.4671, 1.4634

USD/JPY
Shies off Wednesday's 108.70 low before rebounding sharply yet again while a potential 4-day bull coil unfolds on the hourly chart. A swing low now over 108.70 bodes well before an upside break with lift over 109.94, 26 August high, suggesting breakout to favor 110.67 return, 15 August high. A reversal under 108.70 however warns current area top pattern instead.

Res: 109.57, 109.75, 109.94, 110.29
Sup: 108.70, 108.33, 108.13, 108.00

GBP/USD
Continues to gyrate below a steep trendline bisecting 1.9930/1.8792, 31 July/ 21-22 August lower highs, which currently resists at 1.8436. Ensuing decline from 1.8792, 21/22 August tweezers top, set a fresh 2-year low at 1.8240 on Thursday and maintains course towards 1.8177/1.8228, 17/19 July 06 higher lows. Recovery above 1.8405/36 is needed to prompt short covering towards 1.8489.

Res: 1.8380, 1.8386, 1.8405, 1.8419
Sup: 1.8304, 1.8265, 1.8260, 1.8228

USD/CHF
Has fallen to a low of 1.0884 Thursday before staging sharp rebound to negate a suspected 4-day Head &Shoulders top pattern and suggest renewed strength. Barrier at 1.1025/42, 27/20 August highs, however caps for now while a higher low is sought over 1.0884 before next upside attempt at 1.1087 and 1.1124, 22 January high, near 76.4% of 1.1598/.9630 fall.
]
Res: 1.0978, 1.1001, 1.1013, 1.1025
Sup: 1.0914, 1.0900, 1.0884, 1.0857

Published on  Fri, Aug 29 2008, 07:08 GMT

f9ea71c6-c29d-42dc-9e5e-59ad20f531f7

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Technical Summary for Majors

Thu, Aug 28 2008, 07:12 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

DAILY MARKET REPORT

28.08.2008

EUR/USD
Has breached a steep falling channel drawn off 1.6040 record high to firm a possible base at Tuesday's low of 1.4570. Further upside eyes Monday's weekly high at 1.4809 next while further retracing the drop from 1.4909, 22 August high, and setting the tone for possible short-term ranging mode. Wednesday's hourly higher low at 1.4666 now underpins

Res: 1.4809, 1.4820, 1.4838, 1.4863
Sup: 1.4743, 1.4712, 1.4700, 1.4683

USD/JPY
 Firms off 108.70 Wednesday, completing a simple 3-legged swings off Monday's 110.29 high while extending short-term ranging via a potential expanded flat. Further lift above congestive lower tops at 110.30/40 however is needed to break sequence of lower tops off 110.67 high, 15 August, while reaffirming bull presence. A swing low now sought over 108.70 to maintain bull progress.

Res: 109.38, 109.62, 109.94, 109.29
Sup: 108.70, 108.33, 108.13, 108.00



GBP/USD
Continues to gyrate below a steep trendline bisecting 1.9930/1.8792, 31 July/ 21-22 August lower highs, which currently resists at 1.8507. Lapse from Wednesday's 1.8489 high resulted in a fresh 2-year low at 1.8285, followed by latest bounce which is expected to fail near 1.8405/25 area. From there, the down- leg from 1.8792, 21/22 August tweezers top, would accelerate towards 1.8177-1.8200

Res: 1.8378, 1.8405, 1.8430, 1.8453
Sup: 1.8303, 1.8285, 1.8264, 1.8228



USD/CHF
Highlights a potential right shoulder of a 4 day Head and Shoulders, top on the hourly chart while Tuesday's shooting star candle looms after reaching 1.1087 high. Resistance band at 1.1025/42, 27/20 August highs, caps with break below 1.0916/07 low re-exposing risk towards key higher low at 1.0825, 13 August. Above 1.1087 however firms 1.1124 next, 22 January, approx 76.4% of 1.1598/.9630 fall..

Res: 1.0985, 1.1000, 1.1025, 1.1042
Sup: 1.0907, 1.0897, 1.0857, 1.0836 

 

Published on  Thu, Aug 28 2008, 07:21 GMT

aef69a76-9c4b-4a10-9064-10164b156ba6

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Technical Summary for Majors

Wed, Aug 27 2008, 06:19 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Underwent recovery to 1.4909 on 22 Aug before reversing to mark lower touch-point of a steep falling channel drawn off 1.6040 recovery high. Further short-term weakness is set towards initial 07 Feb higher low at 1.4440, though a 5-wave structure from 1.6040 nears possible completion. Latest breach of 25 Aug1.4696 low, reached 1.4592, with subsequent bounce to possibly delay weakness for recovery towards 1.4809.

Res: 1.4732, 1.4760, 1.4807, 1.4838
Sup: 1.4683, 1.4659, 1.4630, 1.4611

 



GBPUSD
May respond negatively to trendline connecting 1.9930/1.8792, 31 July/21-22 Aug lower highs, which currently stands at 1.8544. Interim bouncing shy of a breakout implies fresh 2-year low at 1.8330 may not prevail for long. Downtrend from 2.0162, 15 July reaction high, should seize 1.8309/1.8264 support and then probe 1.8228, 19 July 06 low, but rebound above 1.8590 averts.

Res: 1.8493, 1.8510, 1.8530, 1.8560
Sup: 1.8405, 1.8370, 1.8356, 1.8330

USDJPY
Entered short-term ranging mode, following recovery from lower rejection of former 108.35, 13 Aug low, while a potential expanded flat consolidation is indicated. A higher low remains sought over 108.33 via a simple 3-legged down-swings before next upmove, with break over 110.30/40 needed to negate a 2-week area top pattern.

Res: 109.53, 109.73, 109.94, 110.29
Sup: 108.72, 108.33, 108.13, 108.00

USDCHF
Attempts to leave a short-term swing top, following pullback off 1.1086, yesterday’s high, ahead of 1.1124, 22 Jan high, near 76.4% retracement of 1.1598/0.9630 fall. Subsequent shooting star candle looms while risking 1.0923, 25 Aug higher low, with break triggering pullback towards key 1.0842/25, 21/13 Aug lows, as 5-wave structure from 1.0011, 15 July low, unfolds.

Res: 1.0991, 1.1025, 1.1048, 1.1087
Sup: 1.0923, 1.0897, 1.0857, 1.0836

Published on  Wed, Aug 27 2008, 06:22 GMT

e1d3a1c1-755a-4763-a40c-2035dcf0580a

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Technical Summary for Majors

Fri, Aug 22 2008, 11:58 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended decline from 1.6040 to reach 1.4631 on 19 Aug, ahead of a rebound through 20 Aug lower top at 1.4768 to 1.4807. From subsequent higher low at 1.4672, further recovery slightly exceeded 1.4880/1.4907 target area, reaching 1.4909, ahead of the latest dip. Risk exists of return to 1.4834/07, possibly 1.4785/66, ahead of attempts to resume gains toward 1.4952/80.

Res: 1.4897, 1.4911, 1.4952, 1.4968
Sup: 1.4807, 1.4785, 1.4768, 1.4743

GBPUSD
Extended decline from 2.0162, 15 July peak, to reach 1.8510 on 15 Aug, ahead of bounce to 1.8723. A higher base then formed at 1.8538/40, with push above 1.8680/88 highs, having seen an extension to 1.8792. A sharp dip is now under way, loss of 1.8659/40 has ended immediate upside hopes, in favor of fresh losses targeting 1.8540/38.

Res: 1.8688, 1.8708, 1.8723, 1.8737
Sup: 1.8560, 1.8538, 1.8510, 1.8500

USDJPY
Found a base at 95.77, 2008 low, posted 17 Mar, from where a strong recovery has met 108.59, 16 Jun high. A three legged retrace found strength at 103.77 on 16 July, where the recent upswing began. Holding above 108.59, opens way towards 111.60, 17 Aug 07 low, next. Reversal under 108.35, however, puts in place a daily bearish MACD divergence, warning of further short-term losses, with potential loss of 103.77, to break bull structure

Res: 109.55, 109.86, 109.99, 110.40
Sup: 108.73, 108.55, 108.35, 108.00

USDCHF
Extended gains from 1.0011, 15 July low, to reach 1.1033/42 highs on 19/20 Aug, interrupted by a dip to 1.0897. The retreat from 1.1042 breached 1.0897, to complete a short-term top, losses then reached 1.0842, ahead of latest bounce back through 1.0897. Scope exists for a return towards 1.0973/44, before possibly leaving lower top for fresh wekanes to 1.0779/42.

Res: 1.0944, 1.0973, 1.1001, 1.1020
Sup: 1.0857, 1.0836, 1.0825, 1.0779

Published on  Fri, Aug 22 2008, 12:01 GMT

c8219502-55c9-4eef-8996-0b001e4be951

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Technical Summary for Majors

Thu, Aug 21 2008, 06:10 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended reversal from 1.6040 peak to hit 1.4631/38, 19 Aug double-bottom, before latest rebound to probe a minor 9-day bear channel drawn off 1.5084, 11 Aug high. Lift back above1.4805, 20 Aug high would signal breakout for a minimum 1.4910, 61.8% retracement of 1.5084/1.4630 downleg. Upside clearance of 1.4980, 13 Aug high, 76.4% retracement, however, signals stronger short-term recovery.

Res: 1.4794, 1.4805, 1.4826, 1.4840
Sup: 1.4734, 1.4699, 1.4672, 1.4659

 



GBPUSD
Fails to emerge from overhanging 5-day MA, now at 1.8647, while consolidation between 1.8510/1.8723 range appears to develop a bear pennant. Breakout of 1.8723/88 is needed to spark a corrective rally toward 1.8953/1.9037, ahead of 1.9067/1.9122. Until then, drop to a new near 2-year low around 1.8483, would be likely scenario.

Res: 1.8673, 1.8695, 1.8723, 1.8769
Sup: 1.8608, 1.8581, 1.8561, 1.8540

USDJPY
Declines sharply under 109.51, 50% retracement of 108.35/110.67 upleg, as yesterday’s failure to regain 110.38/40, hourly lower top, risks deeper pullback to retrace an apparent 3-legged swings from 108.35, 13 Aug low. Current probe at 109.03, 14 Aug low, risks break lower, to foil short-term bulls and expose 108.35 instead. Only regain of 109.50/55 averts immediate downside risk.

Res: 109.55, 109.86, 110.40, 110.66
Sup: 108.93, 108.55, 108.35, 108.00

 


USDCHF
Failed again on yesterday’s attempt at 1.1034/44, 21/18 Feb highs resistance zone. Further pullback under 1.0944 hourly higher low would bring out a potential 2-day double-top pattern to the fore and risk immediate key support at yesterday’s 1.0897 low. Upside break above1.1034/44, however, would open1.1124, 22 Jan lower high next.


Res: 1.1009, 1.1020, 1.1044, 1.1098
Sup: 1.0944, 1.0920, 1.0895, 1.0874

Published on  Thu, Aug 21 2008, 06:15 GMT

9afdff40-a07e-4128-bf47-6c37e630e55e

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Technical Summary for Majors

Wed, Aug 20 2008, 12:25 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended the decline from 1.6040, historical high, 1.4659, 15 Aug low, to reach 1.4631 yesterday, ahead of the latest rebound through 1.4768 lower top to test 1.47941.4807 area. Reversal is now seen, scope for 1.4709/1.4686 zone to contain, ahead of a recovery extension to 1.4826/40, possibly 1.4952/80 on a break.

Res: 1.4777, 1.4807, 1.4826, 1.4840
Sup: 1.4676, 1.4659, 1.4631, 1.4611

 




GBPUSD
Extended month-long decline from 2.0162, to reach 1.8510 low on 15 Aug, ahead of correction higher to 1.8723. Weakness from there left a higher low at 1.8538 yesterday, but fresh upside attempts have so far stalled at 1.8680/88, below 1.8723, 19 Aug high. However, hopes of a higher low forming above 1.8538 are now in doubt and failure to regain 1.8640/46 may trigger a fresh downside attack on 1.8510.

Res: 1.8646, 1.8673, 1.8695, 1.8723
Sup: 1.8538, 1.8510, 1.8500, 1.8484

USDJPY
Reached yearly low 95.77 on 17 Mar, from where a strong recovery has thus far met 108.59, 16 June high. A three legged retracement found renewed strength at 103.77 on 16 July, from where the recent upswing began. The latest lift above 108.59 targets 111.60, 17 Aug 07 low next and then 112.10, 02 Jan high. Loss of 108.35 defers, and below 103.77 changes the current bullish structure.

Res: 110.40, 110.66, 111.00, 111.30
Sup: 109.51, 109.33, 109.03, 108.55

USDCHF
Extended gains from 1.0011, 15 July low, through 1.1009, 15 Aug high, to reach 1.1033 yesterday, ahead of a reversal through 1.0955/45 and 1.0910 higher lows. This reached reached 1.0897 low today, ahead of the latest correction higher, attempting to test the 1.0981/1.1009 area, where a lower top has potential to form for a deeper retreat toward 1.0874/36, possibly 1.0779/42, if 1.0825 is cleared.

Res: 1.1009, 1.1034, 1.1048, 1.1065
Sup: 1.0932, 1.0910, 1.0895, 1.0874

Published on  Wed, Aug 20 2008, 12:29 GMT

af0021a7-1630-4f65-9607-d585b0f10faa

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Technical Summary for Majors

Wed, Aug 20 2008, 06:15 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Yesterday’s decline below 1.4659, 15 Aug low, was rejected at 1.4631, before rebounding sharply, as corrective bulls set in. Further recovery remains anticipated towards 1.4826 high, 15 Aug high, also near 61.8% retracement of 1.4952/1.4630 fall, as bull engulfing candle beckons. Back below 1.4631/11, however, foils current basing attempt.

Res: 1.4807, 1.4826, 1.4840, 1.4880
Sup: 1.4745, 1.4699, 1.4659, 1.4631

GBPUSD
Need to emerge from the shadows of overhanging 5-day MA, now at 1.8671, to open correction phase from 1.8510, 15 Aug near 2-year bottom. Until then, further sell-down below 1.8500 levels is likely. In the meantime, choppy trading over the 1.8510 low targets breakout of 1.8723, 18 Aug high and push toward 1.8788, 14 Aug high. A break there would reaffirm short-term base.

Res: 1.8695, 1.8723, 1.8734, 1.8769
Sup: 1.8638, 1.8618, 1.8576, 1.8557

USDJPY
Continues to ease after an upside rejection at 110.66 on 15 Aug, slightly above previous 08/11 Aug 110.37/40 highs, to retrace nearly 50% of the prior upmove from 108.35. Further downside below 109.51, 50% retracement of 108.35/110.66 upleg, risks 109.24/33, 61.8% retracement next and possibly 109.03, 14 Aug low, while a potential bull flag may precede upside return. Break above 110.66 will firm for projected 111.65/70 zone.

Res: 110.40, 110.66, 111.00, 111.30
Sup: 109.51, 109.33, 109.03, 108.55

USDCHF
Yesterday’s rally towards 1.1034/44, 21/18 Feb resistance band, was rejected at 1.1032, marking a key reversal via a bear engulfing candle. Further pullback under 1.0825, 13 Aug higher low is needed to confirm corrective bears to retrace current upswing from 1.0011, 15 July low. Meantime, correction higher is likely before fresh attempt towards 1.0870/75, then 1.0825.

Res: 1.0955, 1.0981, 1.1009, 1.1034
Sup: 1.0895, 1.0874, 1.0825, 1.0800

Published on  Wed, Aug 20 2008, 06:20 GMT

5e4d63e4-8808-4a28-842a-e474f029c950

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Technical Summary for Majors

Tue, Aug 19 2008, 12:17 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Accelerated the month-long decline from 1.6040, all time high, to reach 1.4659 on 15 Aug, ahead of yesterday’s recovery to 1.4768. Fresh weakness has emerged from there, already breaking 1.4659 to reach 1.4630 so far, just ahead of 1.4611/14, 18/20 Feb higher lows target, and raising fears of an eventual return toward 1.4440, 07 Feb low. Bounce for now seen limited by 1.4703/27

Res: 1.4735, 1.4745, 1.4768, 1.4778
Sup: 1.4631, 1.4611, 1.4600, 1.4574

GBPUSD
Extended the month-long slide from 2.0162 to reach 1.8510 on 15 Aug, ahead of yesterday’s correction higher to 1.8720/23. A choppy retreat has followed, but as yet 1.8510 low is intact. However, unless today's lower high at 1.8665 is regained, 1.8720/23 high looks to mark a lower top below 1.8788 low for a further slide toward 1.8481/45 and then 1.8390/85.

Res: 1.8675, 1.8695, 1.8720, 1.8734
Sup: 1.8538, 1.8510, 1.8500, 1.8481

 



USDJPY
Found a base at 95.77, 2008 low, posted 17 Mar, from where a strong recovery has thus far met 108.59, 16 Jun high. A three legged retracement found renewed strength at 103.77 on 16 July, from where the recent upswing began. Current strength above 108.59 targets 112.10, 02 Jan high, next and then 114.16, 27 Dec 07 high. Below 103.77 changes the current bullish structure.

Res: 110.38, 110.67, 111.00, 111.30
Sup: 109.63, 109.51, 109.33, 109.03

 



USDCHF
Extended the month-long rise from 1.0011 to reach 1.1009, 15 Aug high, ahead of yesterday’s setback to 1.0910. Fresh strength started from there, exceeding 1.1009, to reach 1.1033 so far today, raising hopes of an extension to 1.1108/24, 13 Feb/22 Jan highs. Reversal under today's 1.0963 higher low would weaken the immediate outlook.

Res: 1.1034, 1.1048, 1.1065, 1.1098
Sup: 1.0953, 1.0945, 1.0927, 1.0910

Published on  Tue, Aug 19 2008, 12:20 GMT

db01eb2d-eb5e-43b5-a9f3-f5c25eda5e10

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Technical Summary for Majors

Fri, Aug 15 2008, 06:38 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EUR/USD – 9:00 (GMT+3)     Rolls lower out of past 2-day consolidation to extend decline from 1.6040 record high. Further decline below 1.4761 Fib 76.4% retrace of 1.4365/ 1.6040 rise risk extension towards 1.4702 21 Feb low next although positive hourly divergences may otherwise suggest basing ahead. Regaining 1.4952 high and Wednesday's 1.4980 to firm.

Res: 1.4826, 1.4840, 1.4870, 1.4907

Sup: 1.4750, 1.4702, 1.4642, 1.4611

USD/JPY – 9:00 (GMT+3)         Firming off Wednesday's decline at 108.35 to retrace the drop from congestive tops at 110.40 11 Aug region. Headway now above the latter may see acceleration towards 111.0 ahead of equality projection at 111.65/70 as hourly structure off 109.03 low may reflect pent-up bull. Weekly cycle low however may otherwise suggest stalling to risk next minor down-leg instead.

Res: 110.40, 111.00, 111.30, 111.69

Sup: 109.54, 109.33, 109.03, 108.55

GBP/USD – 9:00 (GMT+3)      Remains dominated by downtrend from 2.0162 15 Jul reaction high which extended to a near 2-year low at 1.8619, followed by a bounce to 1.8788 Thursday. Oversold recovery remains dubious until price action above 60-hour/5-day MAs now at 1.8763/1.8825 is seen. However, placement of the 1.8619 low at the exact 61.8% retrace level of 1.7047/2.1162 rally may avert test of 1.8582/74.

Res: 1.8788, 1.8735, 1.8770, 1.8788

Sup: 1.8639, 1.8614, 1.8582, 1.8574

USD/CHF –  9:00 (GMT+3)     Firming to breach Tuesday/Wednesday's tops at 1.0930/27 to extend current upswing from 1.0011 15 Jul low. Further rise is set at 1.1005/10 equality projection next ahead of minor congestive lower tops at 1.1048 11/18 Feb although negative hourly divergences warn stalling risk ahead. A relapse below Tuesday's 1.0825 low weakens.

Res: 1.1008, 1.1034, 1.1048, 1.1098

Sup: 1.0922, 1.0895, 1.0874, 1.0825

Published on  Fri, Aug 15 2008, 06:43 GMT

90b83436-b93e-4cf1-9710-7b2b3c63c854

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Technical Summary for Majors

Thu, Aug 14 2008, 06:48 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EUR/USD – 9:00 (GMT+3)      Fails to see further lift from Tuesday's decline at 1.4815 approx 76.4% of 1.4440/1.6040 rise while consolidating recent sharp losses which took out key 1.5285 low 08 May. Downside risk may see fresh losses towards 1.4778 26 Feb although positive divergneces on intraday studies may otherwise suggest stronger bounce in the offing. Above 1.4980 firms 1.5084 11 Aug.  

Res: 1.4948, 1.4980, 1.4997, 1.5027

Sup: 1.4840, 1.4815, 1.4778, 1.4757

USD/JPY – 9:00 (GMT+3)         Recovers from Wednesday's decline at 108.35, just shy of recent bullish candle low of 108.22 06 Aug to retrace the drop from 110.40 11 Aug. Falling daily oscillators however warn corrective bears reasserting with risk below 108.35/22 further retracing upswing from 103.77 16 July low towards 107.28 01 Aug low. Over 110.40 firms 111.70/75 projection.

Res: 109.75, 110.05, 110.40, 111.00

Sup: 109.00, 108.55, 108.35, 108.22

GBP/USD – 9:00 (GMT+3)      Mired in downtrend which is extending to fresh near 2-year lows, following Wed's 1.8639/1.9037 rebound. Technically oversold but revving momentum studies shun the former to probe 1.8619 61.8% retrace of Nov 2005-2007; 1.7047/2.1162 uptrend, where a break would fuel extension to 1.8582/74. Recovery swings shy of 60-hour/5-day MAs now at 1.8812/1.8932 deemed futile.

Res: 1.8696, 1.8710, 1.8736, 1.8779

Sup: 1.8619, 1.8582, 1.8574, 1.8524

USD/CHF –  9:00 (GMT+3)     Fails to extend advance through projected 5-month channel top at Tuesday's 1.0927 high while a pair of shooting star candles is indicated. Downside risk may see deeper pullback towards Monday's weekly low at 1.0742 where bulls may reassert before next upside attempt. Above 1.0927 firms equality projection at 1.1005/10 next.

Res: 1.0904, 1.0930, 1.0950, 1.1034

Sup: 1.0825, 1.0790, 1.0779, 1.0742

Published on  Thu, Aug 14 2008, 06:54 GMT

e70b425b-3c47-48e7-b3c6-9ee2164805ea

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Technical Summary for Majors

Wed, Aug 13 2008, 06:30 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EUR/USD – 9:00 (GMT+3)      Has taken a fallen to a low of 1.4815 Tuesday near Fib 76.4% retrace of 1.4440/1.6040 upleg before rebounding to highlight a daily spinning top candle. This hints bearish pause on oversold conditions with scope for possible recovery towards Monday's weekly high at 1.5084. Until then, downside risk remains tagged towards 1.4778 higher low 26 Feb.  

Res: 1.4938, 1.4965, 1.4982, 1.5007

Sup: 1.4875, 1.4860, 1.4815, 1.4800

USD/JPY – 9:00 (GMT+3)         Pulls back after last Friday to Tuesday hesitations at higher levels above 110.13 09 Jan high and weekly Ichimoku-cloud to highlight Monday's hanging man candle. Current probe at 108.39 31 Jul high and 108.22 06 Aug low region may see additional downside with break below 108.00 exposing 107.28 01 Aug low next. Lower top now sought below 109.38 daily high.

Res: 109.13, 109.45, 109.55, 109.65

Sup: 108.22, 108.00, 107.68, 107.46

GBP/USD – 9:00 (GMT+3)      Mired in downtrend charting fresh near 2-year lows while interim consolidation after having set a new low will be checked by 24/60-hour MAs now at 1.8998/1.9095. Moreover, 5-day MA now at 1.9134 has capped upside since August and only trading above this signal confirms correction phase. Until then, further spiral towards 1.8835/02 may be seen shortly.

Res: 1.9000, 1.9025, 1.9047, 1.9067

Sup: 1.8922, 1.8900, 1.8888, 1.8835

USD/CHF –  9:00 (GMT+3)     Has tested projected channel top drawn off 0.9630 low 17 Mar at Tuesday's 1.0927 high before easing to produce a daily shooting star candle. This hints minor bull exhaustion on overbought conditions with risk for probable pullback towards Monday's weekly low at 1.0742 before next upside attempt. Beyond 1.0927/30 firms extension towards equality target at 1.1005/10 next.

Res: 1.0900, 1.0930, 1.0950, 1.1008

Sup: 1.0830, 1.0800, 1.0779, 1.0735

Published on  Wed, Aug 13 2008, 06:37 GMT

8578da17-f479-4839-ab04-9b1f46c9b21e

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Technical Summary for Majors

Tue, Aug 12 2008, 07:04 GMT

Windsor Brokers Ltd

DAILY MARKET REPORT

12.08.2008

EUR/USD
Has taken out key 1.6285 support, 08 May, while signaling 2-month double-top breakout. Monday's recovery at 1.5084 now marks immediate key resistance with scope set towards 1.4778 ,26 February low, and 1.4715/20, Fib. 76.4% retrace of 1.4325/1.6040 upleg, as daily studies are bearishly poised but oversold. Recovery now for a lower top under 1.5084.

Res: 1.4928, 1.4969, 1.4997, 1.5027
Sup: 1.4845, 1.4778, 1.4757, 1.4702

USD/JPY
Has risen last Friday to breakout of minor 2-day bull pause while extending short-term upswing from 103.77 higher low ,16 July. Further advance now hinges on last Thursday's 109.13 higher low with scope set towards projected 111.65/70 ,0.618 of 95.77/108.59 upleg from 103.77, and possibly 113.30/35, 61.8% of 124.14/95.77 fall.

Res: 110.40, 110.48, 111.00, 111.30
Sup: 109.89, 109.45, 109.30, 109.13

GBP/USD
Highlights resistance from 60-hour MA now at 1.9216 by leaving a minor lower high at 1.9538 last Thursday, followed by decline to new yearly lows. Relapse from Monday’s Asia-early London's bounce from 1.9110/1.9256 reiterates risk of extension towards 1.9005/1.8985 ,21 November 06 high/22 November 06 low. Respite from hourly bullish divergence may be curbed near 1.9146/74, ahead of 1.9200/19.

Res: 1.9129, 1.9146, 1.9174, 1.9205
Sup: 1.9005,1.8985, 1.8963, 1.8956

 


USD/CHF
Has accelerated advance last Friday to clear previous recovery high of 1.0625, 08 May. Monday's dip at 1.0742 underpins further rise and while above 1.0845, 61.8% of 1.1598/.9630 down leg favoring extension towards projected 1.1005/10, equality of .9630/1.0625 upleg from 1.0011, and possibly 1.1124, 22 January high, near 76.4% retrace.

Res: 1.0919, 1.0930, 1.0978, 1.1008
Sup: 1.0825, 1.0800, 1.0775, 1.0742

Published on  Tue, Aug 12 2008, 07:13 GMT

1139d433-c5be-41c5-a830-9ca79f81bd3a

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Technical Summary for Majors

Mon, Aug 11 2008, 07:18 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
09:00 (GMT+3) Remains in a tailspin from 1.6040 15 Jul 2008 all-time high where losses have accelerated below 1.4971 61.8% retrace of 1.4310/1.6040 rally. Last Friday's spiral below 200-day MA now at 1.5228 signals medium-term bearishness while near-term outlook is dampened by hourly RSI negative reversal, which hints falling 24-hour MA now at 1.5025 may cap for extension towards 1.4915/1.4863.

Res: 1.4997, 1.5018, 1.5032, 1.5070
Sup: 1.4915, 1.4892, 1.4863, 1.4845

USDJPY
09:00 (GMT+3) Retraced over 50% of June 07/March 08's 124.14-95.77 downtrend at 109.95 and pushed to 110.40 early today. Latest recoil may revisit last Thursday/Friday's 109.13/30 lows, whereupon a break would fuel deeper retreat towards previous pivot highs at 108.59/42 16/25 Jun. However, only sustained weakness below 108.22 06 Aug low defers uptrend extension towards 111.00/30.
Res: 110.40, 110.48, 111.00, 111.30
Sup: 109.30, 109.13, 108.90, 108.59

GBPUSD
09:00 (GMT+3) Probed descending 60-hour MA on last Thursday's upswing to 1.9538 high before beating a hasty retreat which resulted in a spiral below 1.9337 22 Jan low to a new yearly lows at 1.9110 early today. 24/60-hour MAs now at 1.9195/ 1.9342 shall weigh on 1.9105 61.8% retrace of 1.7047-2.1162 uptrend, where sustained weakness risks 1.9051/85. Meanwhile, 1.9225/70 shall curb bounce.

Res: 1.9225, 1.9257, 1.9270, 1.9311
Sup: 1.9125, 1.9110, 1.9085, 1.9068

USDCHF
09:00 (GMT+3) Rallied off 1.0011, 15 July low, to break a key med-term trend-line that connects the May/Jun peaks. This has extended the up move to breach 1.0625, 08 May high/pivot, to focus 1.0845, 61.8% retracement of 1.1598/0.9630 decline. Channel resistance then lies at 1.1880. MA and momentum support the bull structure and today's intraday base at 1.0655 should now underpin the advance.

Res: 1.0874, 1.0886, 1.0930, 1.0963
Sup: 1.0782, 1.0764, 1.0747, 1.0711

Published on  Mon, Aug 11 2008, 07:27 GMT

0a29005d-9a4e-4c06-872a-6d75b5bf6deb

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Technical Summary for Majors

Fri, Aug 8 2008, 14:04 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Rally off 1.5303, 13 July low, post a new all time high at 1.6040 on 15 July. A week long top was then completed and weakness has followed to break key support at 1.5303. This completes a 5 month top, signaling near-term weakness towards 1.4970/50. Minor lower ceiling at 1.5250 now possibly caps for 1.5074, 28 Feb low, next. Sustained break above 1.5250/1.5336 is needed to stabilize short-term outlook.

Res: 1.5200, 1.5260, 1.5272, 1.5310
Sup: 1.5050, 1.5019, 1.5000, 1.4970

GBPUSD
Traded within bullish channel after basing at 1.9409, 13 June low. The lower support broke after heavy resistance was met following peak at 2.0162, 15 July high. Today's push below 1.9337, 22 Jan low, now completes a long term top pattern, which targets 1.8574 medium-term. Look for pullback to neckline, currently near 1.9400, to enter fresh shorts. Break above 1.9650 delays.

Res: 1.9308, 1.9337, 1.9553, 1.9573
Sup: 1.9168, 1.9147, 1.9127, 1.9100

USDJPY
Extended gains off 103.77, 16 July low, to break a near one month corrective channel and spark fresh strength. Key resistance at 108.62, 14 Feb high/pivot, was cleared, triggering acceleration higher to 109.89, just ahead of 109.95, 50% retracement of 124.14/95.77 decline. Consolidation followed, with 109.89/95 now being breached to focus 110.48 next. 109.30/13 provides should underpin advance.

Res: 110.13, 110.48, 111.00, 111.30
Sup: 109.25, 109.06, 108.79, 108.62

 



USDCHF
Rallied off 1.0011, 15 July low, to break a key medium-term trendline, connecting May/June peaks. This has extended the up move to breach 1.0625, 08 May high, to focus 1.0845, 61.8% retracement of 1.1598/0.9630. Channel resistance then lies at 1.1880. MA and momentum support the bull structure and today's intraday base at 1.0655 should now underpin the advance.


Res: 1.0815, 1.0845, 1.0865, 1.0900
Sup: 1.0760, 1.0720, 1.0672, 1.0655

Published on  Fri, Aug 8 2008, 14:08 GMT

6a08334d-551d-4dc0-9274-28cd3fc941ab

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Technical Summary for Majors

Thu, Aug 7 2008, 12:53 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Rallied off 1.5303, 13 July low, to peak at 1.6040, all time high, posted 15 July, before topping. A bearish channel has developed and 1.5398 was reached yesterday. A minor bounce is now being seen and a lower high is sought around 1.5485 to set up the next phase lower to 1.5345. Critical medium-term support then lies at 1.5285/1.5303. Clearance 1.5517 is needed to improve the tone.


Res: 1.5500, 1.5517, 1.5554, 1.5578
Sup: 1.5400, 1.5372, 1.5345, 1.5303

 




GBPUSD
Traded within bullish channel after basing at 1.9409, 13 June low. The lower support broke after heavy resistance was met following peak at 2.0162, 15 July high. Short to medium-term structure is negative, break below 1.9649, 07 July low, opens up 1.9350/9400. Correction seeks for 1.9550/90 region, however, break below 1.9409 is needed to open up a significant move lower.


Res: 1.9553, 1.9585, 1.9625, 1.9650
Sup: 1.9467, 1.9457, 1.9433, 1.9405

USDJPY
Extended gains off 103.77, 16 July low, to break a near one month corrective channel and spark fresh strength. Key resistance at 108.62, 14 Feb high/pivot, was cleared yesterday, triggering acceleration higher to 109.89, just ahead of 109.95, 50% retracement of 124.14/95.77 decline. Minor ease should precede rally to 110.13/48 next. 108.62 now reverted to support and should underpin the advance.

Res: 109.95, 110.00, 110.13, 110.48
Sup: 109.25, 109.06, 108.79, 108.62

USDCHF
Rallied off 1.0011, 15 July low, to break a key medium-term trendline, connecting May/June peaks. 1.0523/17 was reached on 30 July/01 Aug, and consolidation below here formed a continuation pattern. A topside break reached 1.0610 yesterday, ahead of the current ease that should precede a challenge on 1.0625, 08 May medium-term pivot. Downside, 1.0503 should underpin, while clearance of 1.0625 opens 1.0700 area next.


Res: 1.0610, 1.0625, 1.0644, 1.0700
Sup: 1.0523, 1.0495, 1.0482, 1.0461

Published on  Thu, Aug 7 2008, 12:59 GMT

d4cf80e3-429d-408a-9f50-b37f51f36443

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Technical Summary for Majors

Fri, Aug 1 2008, 14:53 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended decline from 1.5768, 28 July lower top, against 1.5945/1.6040, 22/15 July highs, clearing 1.5628 24 July low, to reach 1.5522 low, ahead of bounce. This was capped at 1.5701, within 1.5684/1.5714 projected lower top target area. Fresh falls have commenced from there and although 1.5522 low is not so far clearly taken, scope remains for a breakdown to expose 1.5477/61 next.


Res: 1.5601, 1.5617, 1.5628, 1.5647
Sup: 1.5522, 1.5505, 1.5460, 1.5436

GBPUSD
Continues choppy downtrend from the 2.0075, 22 July lower top, against 2.0162, seen on 15 July. Losses extended to 1.9745 on 30 July, before correcting higher. The bounce was capped at 200-day MA on 1.9930, within the key 1.9922/32 resistance area, ahead of a fresh drop. Break below 1.9745 warns of an extension to 1.9712/00.


Res: 1.9803, 1.9817, 1.9854, 1.9890
Sup: 1.9712, 1.9697, 1.9675, 1.9666

USDJPY
Declined to 95.77, 2008 low on 17 Mar, ahead of a steady advance to 108.59, 2008 high, posted 16 June. The failure to clear the 200-day MA underpinned a three-legged correction that found support at 103.77 on 16 July. Subsequent rally cleared 107.04, 200-day MA, extending gains to 108.35 yesterday, ahead of pullback. Probing out of a rising wedge exposes 106.95/82.

Res: 107.93, 108.08, 108.40, 108.62
Sup: 107.11, 106.58, 106.37, 106.05

 



USDCHF
Extended gains from 1.0011, 15 July low, via 1.0316/18, 25/29 July higher base, clearing 1.0405/09 highs, to reach 1.0523 on 30 July, ahead of yesterday’s dip to 1.0403. The rebound from there over 1.0479/88 raised hopes of fresh gains to 1.0541/1.0601 and there are now signs of a possible higher low near 1.0465.


Res: 1.0498, 1.0523, 1.0541, 1.0573
Sup: 1.0430, 1.0420, 1.0406, 1.0390

Published on  Fri, Aug 1 2008, 14:58 GMT

d7d62795-30bb-4a9f-a6a6-833581b88b24

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Technical Summary for Majors

Wed, Jul 30 2008, 14:56 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Rallied to 1.6040, 15 July all-time high, before reversal. Confirmation of 1.5945, 22 July lower top secondary and losing 1.5710 support, underpinned latest attempt higher that stalled at 1.5772. The following weakness collapsed to 1.5553 ahead of consolidation. Fresh weakness followed, extending losses to 1.5522 today. Oversold studies signal correction towards 1.5585, 61.8% retracement of 1.5303/1.6040 advance, before heading lower.

Res: 1.5587, 1.5600, 1.5617, 1.5630
Sup: 1.5522, 1.5505, 1.5460, 1.5436

 



GBPUSD
Left a lower top at 2.0075 on 22 July, against 2.0162, 15 July peak, from where a choppy retreat reached 1.9817 on 24 July, before bouncing to 1.9978. A choppy consolidation was followed by a breakdown through 1.9817, reaching 1.9760, ahead of consolidation. Early signs of fresh weakness emerging, latest dip under 1.9768/60 raises fears of an extension to 1.9712/1.9667, possibly 1.9666/50 on a break.


Res: 1.9823, 1.9854, 1.9863, 1.9890
Sup: 1.9712, 1.9697, 1.9675, 1.9666

USDJPY
Declined to 95.77, 2008 low on 17 Mar, ahead of a steady advance to 108.59, 2008 high, posted 16 June. The failure to clear the 200-day MA underpinned a three-legged correction that found support at 103.77 on 16 July. Subsequent rally cleared 107.04, 200-day MA, now looking for 108.59 test. Only a loss of 107.00/106 would question bulls.

Res: 108.44, 108.59, 108.97, 109.22
Sup: 108.00, 107.71, 107.45, 107.30

USDCHF
Recovered from 1.0010, 15 July 3 month low, to 1.0406 on 25 July, interrupted by a dip to 1.0314. A swing lower almost retested 1.0316, leaving a slightly higher low at 1.0318, ahead of an upside break through 1.0406, to reach 1.0479. Consolidation over 1.0440/43 now being followed by fresh gains towards 1.0494/1.0541, next target area.


Res: 1.0541, 1.0573, 1.0589, 1.0600
Sup: 1.0479, 1.0450, 1.0440, 1.0406

Published on  Wed, Jul 30 2008, 15:00 GMT

03ef5364-0c5d-4a7b-9e72-f3098d852f83

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Technical Summary for Majors

Mon, Jul 28 2008, 14:37 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended decline from 1.5944, 22 July lower top to reach 1.5629 on 24 July ahead of correction 1.5754. Pullback from there found support at 1.5668 and a fresh recovery slightly exceeded 1.5754 to reach 1.5768 today, ahead of the latest reversal. 1.5688/68 needs to hold the downside to keep immediate bulls alive for fresh push through 1.5768 towards 1.5798, possibly 1.5807/32. Loss of 1.5668, however, will re-expose 1.5629.


Res: 1.5768, 1.5782, 1.5798, 1.5807
Sup: 1.5720, 1.5688, 1.5668, 1.5638

GBPUSD
Retreat from 2.0154, 15 July high, left a lower top at 2.0078, extending losses to 1.9817 on 24 July, ahead of a correction higher to 1.9978. Pullback from there was initially twice supported at 1.9871, but the latest emergence of 1.9932/15 lower tops warns of a return towards 1.9833/17, with possible extension towards 1.9786/62 not ruled out. Reclaiming 1.9950, 200 days MA, delays.


Res: 1.9932, 1.9944, 1.9961, 1.9977
Sup: 1.9871, 1.9833, 1.9817, 1.9786

 



USDJPY
Multi-month decline off 124.14, June 2007 peak, found a base at 95.77, 2008 low, posted 17 Mar, from where a strong recovery has thus far met 108.59, 2008 high, posted 16 June. A three legged retracement found renewed strength at 103.77 on 16 July from where the recent upswing began. Now above 107.75, 07 Jul high, makes a return and break of 108.59 likely. Only below 106.05 changes short term outlook.

Res: 108.19, 108.44, 108.59, 108.97
Sup: 107.50, 107.10, 107.00, 106.74

 



USDCHF
Recovered from 1.0010, 15 July 3 month low, to 1.0406 on 25 July, interrupted by a dip to 1.0314. A swing lower has occurred from 1.0406, as yet this is classed as corrective with scope for a higher low to form above 1.0316, ahead of an upside break above 1.0406, towards 1.0435/50 initially, then 1.0472/94 and possibly 1.0528/41 further out. Loss of 1.0292 weakens.

Res: 1.0391, 1.0405, 1.0419, 1.0435
Sup: 1.0314, 1.0292, 1.0259, 1.0242

Published on  Mon, Jul 28 2008, 14:41 GMT

25a93a9f-a3c1-41ab-9ac1-9edb6316cdd7

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Technical Summary for Majors

Wed, Jul 23 2008, 14:48 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Reversal from 1.6040, 15 July historical high retraced just over 61.8% of the 1.6040/1.5782 decline, ahead of bounce to 1.5944/45. Subsequent reversal under 1.5828/32, 21 July higher lows aborted the recovery, warning of a fresh retreat. 1.5782 was exceeded at 1.5758 ahead of today's correction to 1.5798. Fresh weakness is now under way, targeted initially to 1.5692, possibly 1.5650/35 on a break.

Res: 1.5758, 1.5782, 1.5798, 1.5807
Sup: 1.5692, 1.5672, 1.5650, 1.5635

 



GBPUSD
Reversed from 2.0162, 3 1/2 month high to reach 1.9908/06 lows on 18/21 July. The bounce from there reached 2.0075, ahead of reversal. A slight overshoot of 1.9908/06 to 1.9897 occurred, ahead of latest bounce. 1.9982/2.0002 target area have been exceeded, opening 2.0013/38, before possibly leaving a lower top for retest of 1.9906/1.9897, possibly 1.9845/15 on a break.


Res: 2.0038, 2.0064, 2.0078, 2.0097
Sup: 1.9945, 1.9906, 1.9897, 1.9882

 



USDJPY
Extended gains off 95.77, 2008 low, posted 17 Mar, to reach 108.59/108.42 on 16/25 June, before establishing a broad corrective channel. Upswing from 103.77, 16 July low has cleared upper three week corrective trendline at 107.15. This resumes underlying strength for 108.00 first, with 107.92 being reached so far, ahead of 108.59/109.95. Downside, 107.16 now buoys advance.

Res: 108.00, 109.20, 108.42, 108.62
Sup: 107.50, 107.14, 107.00, 106.81

 



USDCHF
Recovered from 1.0010, 15 July 3 month low, to reach 1.0259 on 17 July, ahead of a setback to 1.0137. Fresh strength exceeded 1.0278/1.0305 target at 1.0335, ahead of today's correction lower to 1.0292. Fresh strength has emerged from there, reaching 1.0391 so far, with possible extension towards 1.0450/94 seen later on.

Res: 1.0391, 1.0419, 1.0435, 1.0450
Sup: 1.0333, 1.0315, 1.0292, 1.0259

Published on  Wed, Jul 23 2008, 14:52 GMT

77c18f29-6b7f-4a58-8932-2c536dbb0bc1

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Technical Summary for Majors

Thu, Jul 17 2008, 14:27 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended gains from 1.5611, 07 Jul low, clearing 1.5910, 03 July top, to reach 1.5972 initially, with subsequent dip to 1.5841 setting up an extension through April’s 1.6020 high, to post a new all time high at 1.6040 on 15 July. A correction has followed and a tentative low is now in place at 1.5800. Gains through 1.5949 will signal fresh strength for retest of 1.6040. Below 1.5800 opens 1.5765/51.

Res: 1.5910, 1.5922, 1.5949, 1.5972
Sup: 1.5800, 1.5765, 1.5751, 1.5730

GBPUSD
Accelerated gains from 1.9648, 07 July higher low, through the 01 Jul peak at 2.0008, to reach 2.0154, 3 1/2 month high, on 15 July, ahead of a correction lower. A higher low now sought for an initial test on 2.0097, ahead of possible extension to 2.0162 and 2.0193/2.0230 on a break. Below, 1.9905 offers initial support, ahead of 1.9814/1.9845.

Res: 2.0052, 2.0072, 2.0097, 2.0115
Sup: 1.9970, 1.9958, 1.9926, 1.9905

USDJPY
Declined to 103.78 low yesterday, to retrace near 38.2% 95.77/108.59 upleg, before staging modest rebound. Further recovery is now seen retracing the decline from 107.75, 07 Jul high, towards 105.80, 50% retracement of 107.75/103.77 fall, where a swing top may emerge. Clearing 105.80 will stabilize and reopen 106.28, 15 July high.

Res: 106.00, 106.28, 106.48, 106.66
Sup: 105.45, 105.29, 104.75, 104.16

USDCHF
Extended losses from 1.0353, 09 July high, through 1.0112, 03 July low, to reach 1.0011 on 15 July, before recovering to 1.0142. A higher low was then seen at 1.0030, before today’s extension higher to 1.0212. Immediate reversal followed, with negative near-time structure, a lower top sought in the 1.0212/1.0251 region to set up a retest on 1.0030/10, ahead of 0.9997/40, then 0.9925/0.9888.

Res: 1.0219, 1.0260, 1.0265, 1.0278
Sup: 1.0145, 1.0134, 1.0116, 1.0060

Published on  Thu, Jul 17 2008, 14:32 GMT

135dadd1-756a-4042-8552-691994e30e4a

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Technical Summary for Majors

Wed, Jul 16 2008, 07:52 GMT

Windsor Brokers Ltd

DAILY MARKET REPORT

15.07.2008


EUR/USD
Rejected Tuesday's attempt to clear former 1.6020 peak, 22 April, before reversing off fresh record high while possibly completing up leg from 1.5611, 07 July. Immediate risk is tagged at Monday's 1.5841 with break triggering minimum 1.5775/80, 61.8% of 1.5611/1.6040 rise, and 1.5765, 11 July low. Break over 1.6040/50 however to firm 1.6200/20.


Res: 1.5949, 1.5980, 1.6000, 1.6040
Sup: 1.5865, 1.5841, 1.5826, 1.5803

USD/JPY 
Accelerated decline on loss of last Friday's 105.66 low, near 55-day MA, to take out recent swing low at 104.99,30 June. This reaffirms short-term top at 108.59, 16 June, to further retrace 102.73, 22 May, up leg and possibly the larger 95.77, 17 March, up leg towards 103.87 next, 03 June. Recovery now for a lower top off 105.66 before further downside attempt.


Res: 105.12, 105.48, 105.80, 105.94
Sup: 104.40, 104.16, 104.00, 103.87

GBP/USD
Has broken layers of congestive tops from 2.0008, 01 July, to 2.0050, 04 April, while extending current up leg from 1.9649 higher low, 07 July. Pullback off Tuesday's 2.0162 high, approximately 76.4% of 2.0399/1.9361 fall, unwinds over- extended conditions while a higher low over 2.0008/00 is sought before next attempt at 2.0193, 27 March high. Losing Tuesday's 1.9932 low however weakens.


Res: 2.0078 2.0111, 2.0162, 2.0193
Sup: 1.9980, 1.9960, 1.9932, 1.9915

USD/CHF
Has taken out previous 1.0112 swing low, 03 July, to reaffirm bear phase off 1.0625 high, 08 May). Decline thus far reached 1.0011, approximately 61.8% of 0.9630/1.0625 up leg, while further downside remains tagged at 0.9997, 22 April. Loss there to risk 0.9870, 31 March, approximately 76.4% retrace. Recovery now for a lower swing high under 1.0175.


Res: 1.0149, 1.0175, 1.0200, 1.0219
Sup: 1.0078, 1.0060, 1.0030, 1.0011

Published on  Wed, Jul 16 2008, 07:58 GMT

4fa21790-4fd2-4699-8e74-587f58583bbb

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Technical Summary for Majors

Tue, Jul 15 2008, 07:26 GMT

Windsor Brokers Ltd

DAILY MARKET REPORT

15.07.2008


EUR/USD
Has retreated to a potential corrective higher low at 1.5841 Monday before rebounding to maintain bullish posture off 1.5800/05. Further rise sets focus at 1.5972 Monday's high ahead of 1.6020 records high. A relapse back below 1.5800/05 and 1.5755/50 support zone however completes a suspected 5-wave structure from 1.5611, 07 July low.

Res: 1.5949, 1.5972, 1.6002, 1.6020
Sup: 1.5876, 1.5841, 1.5723, 1.5803

USD/JPY
Undergone Monday's recovery for a potential lower top at 106.81, retracing 107.66/105.66, 3-legged swings. Upper rejection of 10-day MA at 106.60 possibly sets up downside return with break of 105.66 exposing risk towards 105.23/104.99 lows, 01 Jul/30 June. Above 106.81 and 107.30, 11 July high, zone however breaks sequence of lower highs to hint renewed strength

Res: 106.48, 106.66, 107.81, 107.01
Sup: 105.66, 105.45, 105.23, 104.99

GBP/USD
Retreated to a low of 1.9814 Monday before returning to strength, extending current up move from 1.9649, 07 July low. Headway now above 1.9975, 02 July high, firms 2.0008, 01 July, and 2.0029, 21 Apr, resistance zone next as faint 60-hr/10-day MA bull crossover beckons. Losing 1.9814 low however marks a top instead.

Res: 2.0008, 2.0029, 2.0050, 2.0068
Sup: 1.9915, 1.9875, 1.9852, 1.9814

USD/CHF
Rejected Monday's push above 10-day MA to pullback sharply from 1.0251 high. Downside risk is set back at 1.0112 swing low, 03 July, approximately 50% of .9630/1.0625 up leg, with break extending bear phase off 1.0625 top, 08 May, to open 0.9997, 22 April, approximately 61.8% retrace. Regaining Monday's high however averts and firms next upswing instead.

Res: 1.0175, 1.0205, 1.0225, 1.0251
Sup: 1.0112, 1.0094, 1.0040, 1.0023

Published on  Tue, Jul 15 2008, 07:30 GMT

47df50e1-a61f-45cc-9e02-f266cecba0e4

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Technical Summary for Majors

Mon, Jul 14 2008, 07:19 GMT

Windsor Brokers Ltd

DAILY MARKET REPORT

14.07.2008


EUR/USD
Has accelerated advance following last Friday's minor bull pennant breakout to extend upswing from 1.5611 higher low, 07 July, which took out prior 1.5910 high, 03 July. Further rise is set to test April's record high at 1.6020 and 1.6050 zones. Pullback for now seeks a swing low over 1.5805/00 while 60-hour/10-day MA bull crossover beckons.

Res: 1.5978, 1.6002, 1.6020, 1.6050
Sup: 1.5876, 1.5836, 1.5795, 1.5765

USD/JPY
Has broken sharply out of past 4-day triangle consolidation instead to breach last Tuesday's 106.25 pivotal support. Faint lower rejection of 7-week bull trendline near last Friday's 105.66 low however sets up recovery bounce while regaining 106.90/107.00 is needed to avert downside risk for an initial 107.30 return. Below 105.66 exposes 105.23/104.99.

Res: 106.79, 106.90, 107.35, 107.45
Sup: 106.25, 105.96, 105.66, 105.45

GBP/USD
Retraced almost 61.8% of the 1.9409/2.0008 rise 13 Jun/01 Jul at Monday's 1.9649 low, from where a two-legged recovery to 1.9797 & 1.9836 was followed by a setback to 1.9712. The bounce from there has stalled just shy of former resist at 1.9797, this must be cleared to avert the risk of a lower top triggering a return to 1.9649/66 in favour of 1.9836/71 possible 1.9888-1.9915

Res: 1.9836, 1.9849, 1.9871, 1.9888
Sup: 1.9797, 1.9749, 1.9706, 1.9693

USD/CHF
Failed to maintain bullish footing above 1.0219 higher low, 07 July, while extending pullback from 1.0353,09 July. This reaffirms short-term bear presence with risk set towards 1.0112, 03 Jul, and scope for further decline towards 0.9997, 22 April low, approximately 61.8% of .9630/1.0625 rise. Recovery for a swing high towards 10-day MA near 1.0242 and 1.0260 region..

Res: 1.0219, 1.0242, 1.0258, 1.0278
Sup: 1.0130, 1.0112, 1.0100, 1.0040

Published on  Mon, Jul 14 2008, 07:25 GMT

0c898c19-3f6c-495b-a26e-b1c77631c2d5

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Technical Summary for Majors

Fri, Jul 11 2008, 07:06 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

DAILY MARKET REPORT

11.07.2008


EURUSD
9:00 (GMT+3) Negated a suspected bear pennant following Thursday's lift above 1.5754, 07 July high and 1.5778 resistance band. Rising lows off 1.5611, Monday's low underpin ahead of further push towards 1.5839/44, 76.4% of 1.5910/1.5611 fall where a swing high may emerge before next downleg to extend the pullback from 1.5910, 03 July. Lapse below 1.5692 low weakens.

Res: 1.5803, 1.5827, 1.5844, 1.5858
Sup: 1.5750, 1.5728, 1.5710, 1.5692


USDJPY
9:00 (GMT+3) Strengthened off 95.77, 2008 low - 17 March, to reach 108.59/108.42 on 16/25 June before correcting lower to 104.99 on 30 June. A base formed and strength followed to 107.75 Monday. A key higher low was then posted at 106.25 Tuesday, supporting 107.66 yesterday. Consolidation under 107.66 precedes a challenge on 108.20, trend line off 108.59. Only under 106.25/67 dampens bull tone.


Res: 107.50, 107.66, 107.75, 108.20
Sup: 106.90, 106.79, 106.65, 106.56

GBPUSD
9:00 (GMT+3) Continues to build on 14-day RSI positive reversal which calculates latest upleg from Monday's 1.9649 reaction low shall extend to 1.9988 zone. Gains so far reached 1.9836, followed by recoil to 1.9712 on Thursday but hourly RSI positive reversal emerge from this setback to project gains at 1.9882 region. This reaffirms 61.8% retrace of 2.0008/1.9649 fall at 1.9871 remains feasible.


Res: 1.9823, 1.9836, 1.9849, 1.9971
Sup: 1.9749, 1.9730, 1.9706, 1.9791

USDCHF
9:00 (GMT+3) Has slipped off Wednesday's 1.0353 high, near 61.8% of 1.0494/1.0112 fall with Thursday's 1.0338 failure high setting up further pullback towards 1.0219, 08 July low. A swing low is sought there while a potential flat consolidation unfolds before next upleg. Above 1.0353 firms extension towards 1.0391, 26 June high, near 61.8% of 1.0541/1.0112 fall.

Res: 1.0304, 1.0326, 1.0338, 1.0353
Sup: 1.0248, 1.0219, 1.0196, 1.0166

Published on  Fri, Jul 11 2008, 07:13 GMT

e462acab-a709-40be-a784-c0268860a1c6

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Technical Summary for Majors

Wed, Jul 9 2008, 07:39 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EUR/USD
Marks a minor swing top failure on the hourly chart Tuesday at 1.5740 before the ensuing pullback to retrace Monday's 1.5611 upleg. Focus is set back at the latter with break resuming the decline off 1.5910, 03 Jul high, towards 1.5537, 25 June, approx 61.8% of 1.5303/1.5910 upleg. A final thrust back at 1.5754/78 resistance zone may be seen before bears reassert.


Res: 1.5728, 1.5740 1.5754, 1.5778
Sup: 1.5674, 1.5650, 1.5635, 1.5521

USD/JPY
Marks lower touch-point of an 8-day rising trendline support after Tuesday's slide at 106.25. Subsequent sharp rebound resets focus back at Monday's 107.75 weekly high with break favoring test of congestive tops at 108.59/62. Waning intraday momentum studies however warn immediate exhaustive risk while a pullback seeks a swing low over 106.25. Loss there weakens.


Res: 107.59, 107.75, 108.00, 108.19
Sup: 106.93, 106.65, 106.25, 106.04

GBP/USD
Shall resume 61.8% retracement of 1.9409/2.0008 rise at 1.9638 following Monday- Tuesday's 1.9649/1.9797 bounce. However, sellers should exercise caution on close proximity to 1.9580/85, 19/23 June lows, owing to bullish implication from 14-day RSI positive reversal signal. For now, hourly technicals favour a fresh upswing into 1.9708/49. Consolidation may trace out a bear pennant.


Res: 1.9749, 1.9863, 1.9797, 1.9828
Sup: 1.9675, 1.9666, 1.9649, 1.9638

USD/CHF
Returns to strength after Tuesday's dip at 1.0219, rejecting Monday's 1.0226 low to set up latest upswing and extending recovery phase from 1.0112, 03 July low. Immediate rise may stretch towards 1.0377, 61.8% retrace of 1.0541/ 1.0112 fall, and 1.0391, 26 June high, region. Hourly over-extended conditions however may delay and pullback seeks a low over 1.0219.


Res: 1.0350,1.0377, 1.0391, 1.0419
Sup: 1.0270, 1.0246, 1.0219, 1.0196

Published on  Wed, Jul 9 2008, 07:49 GMT

78aa89e2-20cb-4505-baec-fc06ee6e6fc7

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Technical Summary for Majors

Tue, Jul 8 2008, 07:02 GMT

Windsor Brokers Ltd

EURUSD
09:00 (GMT+3) Has fallen to a low of 1.5611 Monday, near 50% of 1.5303/1.5910 upleg before staging modest rebound. Immediate recovery may stretch towards 1.5778, 50/61.8% retrace of 1.5910/1.5611 downleg where a swing top may emerge before next downside attempt as last Thursday's engulfing candle looms. Below 1.5611/00 opens 1.5537, 25 June, near 61.8% retrace.

Res: 1.5754, 1.5778, 1.5796, 1.5827
Sup: 1.5669, 1.5645, 1.5621, 1.5511



USDJPY
09:00 (GMT+3) Has risen to the top of a 6-day rising channel resistance at 107.75 before easing to highlight a possible 3-legged structure off 104.99 low, 30 June. Pullback thus far finds support over last Friday's 106.60 while reclaiming 107.75 is needed to reinstate bulls back at the congestive 108.59/62 tops. Losing 106.60 however warns a minimum 106.05/00, 61.8% - 104.99/107.75.

Res: 107.41, 107.59, 108.75, 108.00
Sup: 106.88, 106.55, 106.47, 106.20

GBPUSD
09:00 (GMT+3) Headed for 61.8% retracement of 1.9409/2.0008 upleg at 1.9638 but interrupted by Monday's rebound off 1.9649 low to 1.9790 high. Hourly RSI negative reversal emerges from this upswing to warn of impending fall to 1.9630 zone but above 1.9828/49 will negate this call. Exercise caution when losses approach 1.9580/85, 19/23 June lows as 14-day RSI positive reversal hints of a base.

Res: 1.9777, 1.9790, 1.9800, 1.9828
Sup: 1.9712, 1.9691, 1.9668, 1.9649

USDCHF
09:00 (GMT+3) Crested for a minor double-top on the hourly chart at 1.0344 high Monday, near 61.8% retrace of 1.0494/1.0112 fall before an ensuing sharp pullback. A swing low is sought above 1.0200/1.0196, 61.8% of 1.0112/1.0344 rise prior to next upleg as last Thursday's towering bullish candle bolsters recovery. Beyond 1.0344 favors 1.0391, 26 June high.

Res: 1.0304, 1.0331, 1.0344, 1.0358
Sup: 1.0226, 1.0196, 1.0166, 1.0149

Published on  Tue, Jul 8 2008, 07:10 GMT

33153849-edbb-42e4-8f08-a8e13b6eaa1f

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0

Technical Summary for Majors

Mon, Jul 7 2008, 06:49 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

DAILY MARKET REPORT

07.07.2008

EURUSD
09:00 (GMT+3)     Breaks out of minor consolidation after last Thursday's losses off 1.5910 high to move under 1.5678, 38.2% of 1.5303/1.5910 upleg region. Subsequent breach of former swing top at 1.5652, 20 June hints deeper pullback to retrace 1.5303, 13 June upleg towards 1.5537, 25 June, near 61.8% retrace while extending short-term ranging mode.


Res: 1.5728, 1.5752, 1.5778, 1.5827
Sup: 1.5628, 1.5616, 1.5600, 1.5578

USDJPY
09:00 (GMT+3)      Breaks out of past 2-day bull coil to push above falling 10-day MA while highlighting a 5-day rising wedge drawn off 104.99 low, 30 June. Headway above 107.22, 27 June high, 61.8% of 108.59/104.99 downleg hints recent pent-up bull with scope for possible return move towards the 108.59/62 congestive tops. A reversal under 106.60 however weakens.


Res: 107.66, 107.85, 108.19, 108.42
Sup: 106.88, 106.58, 106.47, 106.20

GBPUSD
09:00 (GMT+3)     Failed to find support from 1.9792, 20 June former pivot high as losses from 2.0008, 01 July high extends towards 1.9770/47, 25 June high/61.8% retrace of 1.9585/2.0008 upleg. A minimum swing above last Friday's 1.9849 high is needed reopen 1.9881/88 ahead of 1.9915/40 to reaffirm uptrend resumption. Until then, the pair shall respond to weakening daily technicals and head south.

Res: 1.9800, 1.9835, 1.9849, 1.9888
Sup: 1.9747, 1.9715, 1.9709, 1.9689

USDCHF
09:00 (GMT+3)      Has firmed off last Thursday's bull engulfing day which took out 1.0270 lower top, 27 June. This favors further retrace of 1.0494 downleg, 23 June and the larger 3-legged swings from 1.0541, 13 June towards initial 1.0304, 20 June low and 1.0326/33, 50% of 1.0541/1.0112 fall region. A swing low is now sought towards 1.0200/1.0190 via a potential bull flag on the hourly chart.


Res: 1.0333, 1.0349, 1.0377, 1.0391
Sup: 1.0232, 1.0196, 1.0175, 1.0149

Published on  Mon, Jul 7 2008, 06:58 GMT

5d538f1b-02fe-4687-8cc8-8790c9fe08ae

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0

Technical Summary for Majors

Thu, Jul 3 2008, 15:30 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Continued to trend higher from 1.5303, 12 Jun low, taking out the key 1.5844 high from 09 Jun, now attacking the 1.5897, 31 Mar/21 Apr highs. Corrective dips have so far been short-lived, until the latest collapse through 1.5777. Overbought studies and a false break of 1.5897 have underpinned this retreat. Sustained loss of 1.5708, 200 day MA, shifts focus to the downside.

Res: 1.5750, 1.5779, 1.5800, 1.5827
Sup: 1.5695, 1.5684, 1.5652, 1.5628

GBPUSD
Extended gains from 1.9409 13 Jun low, to a peak of 2.0008 01 July, follow clearance of 1.9801, 09 Jun high. Weakness from 2.0008 extended through 1.9881 higher low to 1.9845 yesterday, before bouncing to 1.9948, ahead of the latest setback. 1.9840 so far met, an extension towards 1.9801/03 may occur before fresh attempts to move higher possibly start to emerge.

Res: 1.9885, 1.9910, 1.9938, 1.9948
Sup: 1.9801, 1.9788, 1.9770, 1.9748

 



USDJPY
Extended gains off 95.77, 2008 low, posted 17 Mar, to reach 108.59/108.42 on 16/25 Jun, forming a double top that was completed on a loss of 107.11/40. 104.99, near 62% retracement of 102.73/108.59, was seen 30 Jun, ahead of a reversal that fueled gains to 106.78 yesterday. Higher platform at 105.77/78 now buoys for a retest on 106.78, ahead of 107.22, 27 Jun high.

Res: 107.00, 107.21, 107.66, 107.85
Sup: 106.27, 105.95, 105.77, 105.45

USDCHF
Dipped through the 09 Jun low at 1.0149 on 30 Jun, to reach 1.0131, fully unwinding the previous recovery to 1.0541 on 13 Jun. Recovery attempts from 1.0131 were capped at 1.0230/33 on 02/03 July, ahead of a retreat to 1.0130 late yesterday/early today. Recovery attempts had stalled at 1.0166, until the latest rebound. Clearing 1.0230/33 stabilizes outlook and opens 1.0342.

Res: 1.0303, 1.0333, 1.0342, 1.0391
Sup: 1.0233, 102.09, 1.0185, 1.0165

Published on  Thu, Jul 3 2008, 15:34 GMT

b998ecc0-d4eb-40f0-911e-1482077dd5a2

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0

Technical Summary for Majors

Fri, Jun 27 2008, 10:30 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Reversal from 1.6019, 22 Apr, medium-term bull phase high, reached 1.5285 low of 08 May, ahead of broad consolidation. The latest push higher off 1.5303, 13 Jun low, is now attempting through 1.5769, trendline resistance, drawn off 1.6019, clear break of which will open way towards 1.5843, 09 Jun high, ahead of possible retest of 1.6019 peak. Corrective pullbacks for now supported by 1.5652/29.

Res: 1.5779, 1.5800, 1.5815, 1.5843
Sup: 1.5720, 1.5695, 1.5684, 1.5652

GBPUSD
Remains constructive off the 1.9361/1.9409, May/Jun double bottom. A bear trendline off 2.1162, Nov 2007 yearly high was cleared, confirming the near-term bull structure. Initial targets stand at 1.9910/25 and 1.9965, while 2.0024/49 provides a tough congestive barrier. 1.9788, 20 Jun high, should now support corrective pullbacks, while only loss of 1.9715 breaks bull structure.

Res: 1.9898, 1.9910, 1.9925, 1.9965
Sup: 1.9788, 1.9768, 1.9744, 1.9715

USDJPY
Extending reversal from 108.42, 25 Jun high, just under 108.58, 16 Jun peak, to take out 107.13/11, 20/23 Jun pivot lows. This now signals short-term top in place, ahead of further retrace of upleg from 102.57 12 May low, with break below 106.56 (11 Jun low, also trendline support, risking 105.58, 50% retracement of 102.57/108.58 advance. 107.21, today’s high, caps for now.

Res: 107.21, 107.42, 107.66, 107.85
Sup: 105.95, 105.70, 105.58, 105.45

USDCHF
Extended recovery off 1.0147, 09 Jun low, to reach 1.0539, 13 Jun high. Consolidation followed ahead of break under the 1.0360 support area, trendline connecting 1.0147/1.0303 lows. This has triggered a sharp sell off towards 1.0147, with 1.0165 reached so far. Upside, 1.0268, today's high, now expected to cap for next push lower. Below 1.0147 opens 1.0128/1.0080, though hourly studies now in oversold zone and bounce higher not ruled out.

Res: 1.0275, 1.0303, 1.0317, 1.0345
Sup: 1.0165, 1.0147, 1.0128, 1.0080

Published on  Fri, Jun 27 2008, 10:34 GMT

343297e6-5b1c-4dc3-a3a4-e0b53af01e16

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Technical Summary for Majors

Thu, Jun 26 2008, 10:31 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Continues to trend higher after fresh strength off 1.5469, 23 June higher low, cleared 1.5652, 20 June previous high yesterday, to expand above 1.5700 today, extending retrace 1.5843/1.5303 downleg. Hourly studies are approaching overbought zone and corrective pullback would precede fresh push higher. Look for higher low at 1.5570 area for attempt towards 1.5717/66, ahead of possible retest of 1.5818/43. Downside, loss of 1.5540/34 would delay bulls and open 1.5492/69 instead.

Res: 1.5742, 1.5752, 1.5766, 1.5779
Sup: 1.5684, 1.5652, 1.5629, 1.5616

 



GBPUSD
Nearly fully retraced the 1.9799/1.9408 decline, reaching 1.9788 high on 20 June, ahead of reversal to 1.9584 on 23 June. A choppy bounce has followed, clearing previous 1.9788 high and extending gains to 1.9843 so far. As yet, no signs of a lasting high and 1.9852 now in focus, break of which will open 1.9880/1.9910 next.

Res: 1.9852, 1.9880, 1.9898, 1.9910
Sup: 1.9768, 1.9744, 1.9713, 1.9655

USDJPY
Continues to trend higher from 95.72, 17 Mar yearly low, to reach 108.58 on 16 June, just ahead of key 108.62, 14 Feb high. A correction to 107.11 now being followed by renewed attempt at 108.58/62. Clearance of the latter will confirm next upleg to 109.95. Immediate support now stands at 107.36, ahead of 107.11.

Res: 108.18, 108.42, 108.60, 108.97
Sup: 107.36, 107.27, 107.11, 107.00

 



USDCHF
Extended the retrace of the 09/13 Jun 1.0149/1.0541 recovery to 1.0304, before recovering through 1.0469/75 highs, reaching 1.0494 on 23 June. A correction lower was initially supported around 1.0342/49, but a lower top is now seen at 1.0391 for an extension lower, through 1.0319/03 towards of 1.0285/70 and possibly 1.0245/24 on a break.

Res: 1.0377, 1.0391, 1.0424, 1.0435
Sup: 1.0285, 1.0270, 1.0245, 1.0224

Published on  Thu, Jun 26 2008, 10:35 GMT

82b9f69a-76ef-41ea-8be0-322032ab8dc5

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Technical Summary for Majors

Wed, Jun 25 2008, 10:32 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended bounce off 1.5303, 13 June low, to retrace over 61.8% of 1.5843/1.5303 decline, at 1.5652 on 20 June. Reversal from there followed, reaching 1.5469 on 23 June, ahead of the latest rebound to 1.5620, seen yesterday. Weakness from there has so far found support at 1.5537, but a rebound over 1.5595/1.5620 is required to avert the risk of head and shoulders top pattern being traced out and resume the short-term uptrend towards 1.5760/1.5818, before attempting at 1.5843.

Res: 1.5600, 1.5620, 1.5635, 1.5652
Sup: 1.5537, 1.5525, 1.5492, 1.5460

GBPUSD
Rally from 1.9408, 13 June low, reached 1.9788 on 20 June, to nearly fully retrace 1.9799/1.9408 decline. The bounce from there reversed at 1.9723 yesterday, keeping alive fears of a fresh dip to initially retest 1.9585/80, possibly accelerating on a break towards 1.9503/1.9470. Upside clearance of 1.9725/45 is needed to avert immediate downside risk.

Res: 1.9730, 1.9745, 1.9755, 1.9771
Sup: 1.9685, 1.9660, 1.9625, 1.9517

USDJPY
Continues to trend higher from 95.72, 17 Mar yearly low, to reach 108.58 on 16 June, just ahead of key 108.62, 14 Feb high. Corrective pullback to 107.11 was then seen, followed by a lower rejection at 107.36 yesterday. Break above 108.24 will confirm a test on 108.58/62, where an anticipated break will focus 109.95 next.

Res: 108.08, 108.21, 108.42, 108.60
Sup: 107.61, 107.42, 107.11, 107.00

USDCHF
Extended retrace of the 1.0147/1.0539, 09/13 June recovery, to reach 1.0303 low on 20 June, just above 1.0296, 61.8% retracement. Fresh rally followed, clearing 1.0468/73, 18/19 June highs, reaching 1.0492 on 23 June. Correction lower stalled at 1.0349, the latest bounce needs to clear yesterday’s 1.0443/69 intraday low/high to cement hopes of a fresh rise to 1.0528/41.

Res: 1.0435, 1.0443, 1.0469, 1.0492
Sup: 1.0373, 1.0349, 1.0331, 1.0317

Published on  Wed, Jun 25 2008, 10:36 GMT

048c227f-c04f-42a0-b518-a24641a0bb77

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Technical Summary for Majors

Tue, Jun 24 2008, 09:27 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended bounce off 1.5303, 13 June low, to retrace over 61.8% of 1.5843/1.5303 decline, at 1.5652 on 20 June. Sharp reversal to 1.5469 was seen yesterday, rising doubts of fresh gains and turning focus to 1.5463/60, break of which will expose 1.5440/1.5380 next. Current rally is seen corrective while 1.5587/1.5628 caps and only break there will open 1.5652/75.


Res: 1.5587, 1.5600, 1.5628, 1.5635
Sup: 1.5525, 1.5492, 1.5460, 1.5440

 



GBPUSD
Rally from 1.9408, 13 June low, reached 1.9788 on 20 June, to nearly fully retrace 1.9799/1.9408 decline. Reversal to 1.9584 was seen yesterday, ahead of today’s fresh strength. This, however, needs to clear 1.9700/45 to avert immediate downside risk and trigger upside extension towards 1.9800 zone first and 1.9850, 23 May high, furthermore. Failure at 1.9700/45 will bring retest of 1.9584 in focus, with possible break lower to signal stronger correction.

Res: 1.9700, 1.9730, 1.9745, 1.9771
Sup: 1.9624, 1.9584, 1.9555, 1.9525

USDJPY
Continues to trend higher from 95.72, 17 Mar yearly low, to reach 108.58 on 16 June, just ahead of key 108.62, 14 Feb high. Corrective pullback to 107.11 was then seen, ahead of fresh bulls attempting at 108.58/62 again, with 108.21 high seen today. Clearance of 108.58/62 will open 109.12/56, possibly 109.95 on a break while immediate support now stands at 107.75.

Res: 108.21, 108.42, 108.60, 108.89
Sup: 107.78, 107.53, 107.43, 107.29

USDCHF
Extended retrace of the 1.0147/1.0539, 09/13 June recovery, to reach 1.0303 low on 20 June, just above 1.0296, 61.8% retracement. Fresh rally followed, clear 1.0468/73, 18/19 June highs with 1.0492 being reached so far. This has risen hopes of extension of an uptrend from 1.0147, with current pullback seen corrective, ahead of fresh attempt at 1.0492, break of which will open 1.0518/39 next

Res: 1.0443, 1.0458, 1.0469, 1.0492
Sup: 1.0376, 1.0331, 1.0317, 1.0303

Published on  Tue, Jun 24 2008, 09:30 GMT

1c0ee124-2364-42ea-9c25-826c855764f7

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Technical Summary for Majors

Fri, Jun 20 2008, 09:20 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Continues to retrace 1.5843/1.5303, 09/13 June decline, with 1.5587, over 50% retracement, being reached yesterday. Immediate pullback left a higher low at 1.5466, before resuming the short-term uptrend. Market is now attempting at 1.5587, break of which will expose 1.5635/54, 61.8% retracement/10 June high next, while loss of 1.5466 weakens the near-term structure.


Res: 1.5587, 1.5600, 1.5635, 1.5654
Sup: 1.5545, 1.5515, 1.5492, 1.5466

GBPUSD
Bounce off 1.9408, 13 June low, peaked at 1.9697 on June, marking over 61.8% retracement of the 1.9799/1.9408, 09/13 June decline. Sharp reversal to 1.9469 followed, ahead of the latest strength that cleared 1.9697, extending gains to 1.9743 high, seen late yesterday, ahead of correction. First support at 1.9698 has been reached, deeper reversal towards 1.9660/00 is possible, before leaving a higher low for fresh push higher. Above 1.9743 targets 1.9756/99. Below 1.9580, however, delays bulls for 1.9500/1.9470.

Res: 1.9743, 1.9756, 1.9769, 1.9799
Sup: 1.9685, 1.9660, 1.9646, 1.9600

 



USDJPY
Extends short-term uptrend from 95.72, 17 Mar yearly low, to reach 108.58 on 16 June, just ahead of key 108.62, 14 Feb high. Corrective pullback to 107.43 followed, ahead of fresh attempt higher breaking above 107.85 pivot level , to bring 108.58/62 retest back in focus. Clearance of the latter will open 109.12/56 next, while downside loss of 107.43 delays.

Res: 108.07, 108.42, 108.60, 108.89
Sup: 107.65, 107.43, 107.18, 107.00

USDCHF
Continues to retrace the 1.0147/1.0539, 09/13 June recovery through 1.0379/1.0376, 16/17 June lows, to reach 1.0317 low on 19 June, before rallying. Attempts to clear 1.0469, 18 June high were minor and short-lived, reaching 1.0475, ahead of reversal. The latest retreat from there suggests a failed upwards break. Losing 1.0379/76 support will raise fears of a return towards key1.0317/1.0303.

Res: 1.0458, 1.0475, 1.0490, 1.0528
Sup: 1.0376, 1.0359, 1.0317, 1.0303

Published on  Fri, Jun 20 2008, 09:24 GMT

2ce545e1-e50a-454d-9d8a-991cb5a13db0

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Technical Summary for Majors

Tue, Jun 17 2008, 14:40 GMT
by Slobodan Drvenica

Windsor Brokers Ltd

EURUSD
Extended decline from 1.5843, 09 June recovery peak, through 12 May key 1.5365 low, to reach 1.5303 on 13 June, ahead of latest push higher. Clearance of 1.5462/85 resistance area, put on hold fears of a fresh slide toward 1.5285/82, in favor of a possible stronger recovery. 1.5552 reached ahead of latest dip. Further gains are seen towards 1.5573/87 then 1.5618/37, while break below today's 1.5461 low will delay.

Res: 1.5552, 1.5566, 1.5573, 1.5587
Sup: 1.5461, 1.5436, 1.5415, 1.5400

 



GBPUSD
Extended losses from 1.9799, 09 June lower top, breaking through 4 week trendline, connecting 1.9361/1.9462 at 1.9490 and 05 Jun higher low at 1.9462, to reach 1.9409 high on 13 June. A rebound exceeded 1.9669 lower top, but since testing 1.9688/1.9700 has undergone a sharp dip. Latest loss of 1.9514/1.9490 puts on hold hopes of fresh bounce.

Res: 1.9551, 1.9573, 1.9616, 1.9657
Sup: 1.9457, 1.9433, 1.9408, 1.9388

USDJPY
Remains in uptrend from 95.72, 17 Mar yearly low, with 108.58 being reached so far. Upside break of long-term trendline continues to fuel strength for renewed attempt at 108.62, 14 Feb high. Studies remain positive supporting the structure, and a break above 108.58/62 will focus 109.95, 50% retracement of 124.14/95.72 decline. Higher platform at 107.65 now offers support.

Res: 108.42, 108.60, 108.89, 108.97
Sup: 107.65, 107.30, 107.18, 107.00

USDCHF
Has now fully retraced the slide from the 1.0528/24 lower highs seen on 30 May/05 Jun, which reached a 1.0147, 09 Jun extreme low. Extension through 1.0445, 11 June high, reached 1.0541, ahead of correction lower. Support has so far emerged at 1.0386/76, but loss of the latter and 1.0359 will complete a 3 day head and shoulders top to reopen 1.0303, 12 June higher low.

Res: 1.0458, 1.0490, 1.0504, 1.0528
Sup: 1.0415, 1.0386, 1.0377, 1.0359

Published on  Tue, Jun 17 2008, 14:44 GMT

7abcffff-cb77-4acf-a7d2-363842c2bffb

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Technical Summary for Majors

Mon, Jun 16 2008, 06:33 GMT

Windsor Brokers Ltd

EURUSD - 9:00 (GMT + 3)
Approaches May's key higher low at 1.5285, 08 May following the decline from this month's 1.5844 rejection high, 09 June. Loss of the former will signal resumption of corrective bear phase from 1.6020 record high towards 1.5145, 05 March, approximately 50% of 1.4310/1.6020 upleg. Until then, recovery seeks a lower swing high below 1.5587, 11 June while reclaiming of which to firm.

Res: 1.5445, 1.5462, 1.5485, 1.5510
Sup: 1.5347, 1.5303, 1.5285, 1.5282