Fri, Jan 2 2009, 15:51 GMT
by Slobodan Drvenica
EURUSD
Continues to form a triangular consolidation, with market attempt towards 1.3824, being rejected at 1.3856, ahead of bounce. Upside clearance of 1.4058 is needed to firm the tone for extension towards 1.4222, while only below 1.3824 weakens for 1.3629 instead.
Res: 1.4058, 1.4099, 1.4148, 1.4178
Sup: 1.3915, 1.3882, 1.3851, 1.3824
GBPUSD
Today’s higher rejection 1.4815 has sparked a sell off that forms a 1.4350 to 1.4815 band. Bias now seeks for eventual downside break, with current bounce higher attempting to leave a lower top. Break below 1.4350 is needed to resume mid-term downtrend, while regain of 1.4850 provides relief.
Res: 1.4765, 1.4815, 1.4850, 1.4898
Sup: 1.4380, 1.4350, 1.4300, 1.4276
USDJPY
Completes a bull flag at 90.75, to signal further recovery from 87.13, 2008 low, posted 13 Dec. Market is now focused on 92.02, 11 Dec intraday high, with 90.54 underpinning current advance.
Res: 91.58, 92.02, 92.32, 92.60
Sup: 90.54, 90.14, 89.75, 89.54

USDCHF
Returns to strength after today’s clearance of 1.0745, 31 Dec high, also 50% retracement of 1.1132/1.0370 decline, ahead of 1.0795, 25 Dec high, with 1.0772 being reached so far. Clearing 1.0795 would firm for 1.0837, 61.8% retracement. Downside, 1.0616/04 expected to contain corrective dips.
Res: 1.0740, 1.0772, 1.0795, 1.0837
Sup: 1.0616, 1.0604, 1.0542, 1.0518
Published on Fri, Jan 2 2009, 15:54 GMT
Windsor Brokers Ltd
| Windsor Business Center, 53, Spyrou Kyprianou Av., Limassol, Cyprus
http://www.windsorbrokersltd.com | customerservices@windsorbrokersltd.com
Today's Trading Signals by Financial Trend Analysis
Mon, Nov 23 2009, 08:42 GMT
Weekly Forex Outlook - USD Stronger as Traders Take Profit by Easy Forex
Mon, Nov 23 2009, 08:27 GMT
Forex Daily Analysis - AUDUSD bulls have shown their strength by climbing above resistance at 0.9204 by Investija.com
Mon, Nov 23 2009, 08:27 GMT
Daily Currencies Report - Dollar Gains Against All But Yen by UFX Bank
Mon, Nov 23 2009, 08:18 GMT
Weekly Commodity Update - Gold shines despite signs of risk fatigue by Saxo Bank
Mon, Nov 23 2009, 08:12 GMT
eurusd, gbpusd, usdchf, usdjpy
View AllUPDATE: German Flash Nov PMI Boosted By Rising Export Orders
Dow Jones | Mon, Nov 23 2009, 09:05 GMT
Euro Zone Services PMI rises to 53.2 in Nov from 52.6
FXstreet.com | Mon, Nov 23 2009, 09:02 GMT
Euro Zone Manufacturing PMI up to 51 in Nov from 50.7
FXstreet.com | Mon, Nov 23 2009, 09:01 GMT
German Flash Nov Mfg PMI 52.0 Vs 51.0 In Oct
Dow Jones | Mon, Nov 23 2009, 08:44 GMT
Germany Services PMI up to 51.5 in Nov from 50.7
FXstreet.com | Mon, Nov 23 2009, 08:32 GMT
eurusd, gbpusd, usdchf, usdjpy
View AllGET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program