Tue, Jan 13 2009, 13:17 GMT
by Slobodan Drvenica
EURUSD
Recovery attempt off 1.3312, 6 Jan low, stalled at 1.3801 on 08 Jan, just under key 1.3840 pivot, turning focus lower again. Break below 1.3312 pivots the market towards 1.2894, 76% retracement of 1.2329/1.4723 advance. Upside attempts should be capped by 1.3426/47 for now.
Res: 1.3374, 1.3400, 1.3431, 1.3450
Sup: 1.3221, 1.3200, 1.3122, 1.3075

GBPUSD
Advanced from 1.4350 (2008 low, posted 31 Dec, to reach 1.5374, 08 Jan high, is seen as the first leg in a 3 legged recovery. Needs to hold above 1.4350 to resume gains, otherwise loss there to open fresh weakness.
Res: 1.4786, 1.4803, 1.4827, 1.4887
Sup: 1.4551, 1.4475, 1.4428, 1.4375

USDJPY
Continues to slide lower off 94.65, 06 Jan peak, clearing the bull trendline off 87.16, 18 Dec low. Below 89.75 focuses 88.41, 19 Dec higher low, ahead of 88.10, 12 Dec low, while 89.54 caps above.
Res: 89.61, 89.75, 90.15, 90.30
Sup: 88.41, 88.10, 87.50, 87.16

USDCHF
Returns to strength, completing a 3-day bull pattern off 1.0865, 08 Jan low. Sustained break above 1.1244/80 will trigger next phase to 1.1447. Downside, 1.1098 provides immediate support.
Res: 1.1244, 1.1280, 1.1310, 1.1400
Sup: 1.1096, 1.1079, 1.1069, 1.1000
Published on Tue, Jan 13 2009, 13:21 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 AllEuro-Zone Flash Nov Composite PMI 53.7 Vs Oct 53.0
Dow Jones | Mon, Nov 23 2009, 09:15 GMT
GLOBAL MARKETS: European Stocks Higher On Firmer Commodities
Dow Jones | Mon, Nov 23 2009, 09:07 GMT
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
eurusd, gbpusd, usdchf, usdjpy
View AllGET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program