FXstreet.com

This report has been deactivated

10

3

Technical Summary for Majors

Fri, Jan 2 2009, 15:51 GMT
by Slobodan Drvenica

Windsor Brokers Ltd


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

eurusd 


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

gbpusd 




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

usdjpy



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

usdchf


Archive

Windsor Brokers Ltd  | Windsor Business Center, 53, Spyrou Kyprianou Av., Limassol, Cyprus
http://www.windsorbrokersltd.com | customerservices@windsorbrokersltd.com

Legal disclaimer and risk disclosure

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

Related reports

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 All

Related content

UPDATE: 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 All

Interested in forex trading? forex brokerage firms!


FOREX.com
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account
GFT
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.