FXstreet.com

This report has been deactivated

5

2

Technical Summary for Majors

Fri, Feb 20 2009, 14:55 GMT
by Slobodan Drvenica

Windsor Brokers Ltd


EURUSD
Broke a 3 month bull trendline at 1.2720, reaching 1.2513 so far. Yesterday’s upper rejection at 1.2762 suggests lower top in place for fresh weakness towards 1.2513, then 1.2423.

Res: 1.2647, 1.2706, 1.2762, 1.2806
Sup: 1.2528, 1.2513, 1.2423, 1.2388

eurusd 


GBPUSD
Rally from 1.4092 reversed at 1.4445, near 38.2% retracement of 1.4986/1.4092 decline. Latest relapse stalled at 1.4151, with fresh attempt higher seeking reclaim of 1.4365 to revive bulls. Failure there risks fresh bears under 1.4092.

Res: 1.4418, 1.4449, 1.4485, 1.4522
Sup: 1.4150, 1.4123, 1.4092, 1.4071

gbpusd 


USDJPY
Probing 100-day MA ahead of key 5-week double-bottom pivot at 94.65. Hourly over-extended conditions caution setback but 10-day MA near 92.09 buoys.

Res: 94.47, 94.65, 94.99, 95.43
Sup: 93.28, 92.75, 92.09, 91.56

usdjpy 


USDCHF
Maintains the positive structure, with market now approaching 1.1843, 76.4% retracement of 1.2298/1.0370 decline. Break here will open 1.1925, 4 Dec low first, then 1.2000. Downside, 1.1703 now buoys.

Res: 1.1883, 1.1925, 1.1973, 1.2000
Sup: 1.1790, 1.1755, 1.1723, 1.1703

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

Forex Technical Report - S&P Finishes Higher but Erases Most Day-Session Gains by ForexHound.com
Tue, Nov 24 2009, 00:57 GMT

Daily Market Outlook by AceTrader
Tue, Nov 24 2009, 00:23 GMT

Forex Market Alerts - Chart GBP/JPY Update: Piercing-pattern set last session fading deeper pullback by FXMarketAlerts
Mon, Nov 23 2009, 23:44 GMT

Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Mon, Nov 23 2009, 23:41 GMT

U.S. Forex Market Commentary by GCI
Mon, Nov 23 2009, 22:10 GMT

gbpusd

View All

Related content

Pound trapped around 1.6600
FXstreet.com | Tue, Nov 24 2009, 00:22 GMT

Forex: Dollar falls on Monday; Stocks rally in Wall Street and Europe
FXstreet.com | Mon, Nov 23 2009, 21:58 GMT

Stocks consolidates gains; Dollar holds near intra-day low
FXstreet.com | Mon, Nov 23 2009, 19:35 GMT

Forex: GBP/USD moves away from daily highs
FXstreet.com | Mon, Nov 23 2009, 18:37 GMT

Forex: GBP/USD rises to 1.6650 and pulls down to 1.6605
FXstreet.com | Mon, Nov 23 2009, 16:23 GMT

gbpusd

View All

Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
Alpari (US), LLC
Contact the broker/FDM
Open a demo account
Alpari (UK) Limited
Contact the broker/FDM
Open a demo account
Saxo Bank A/S
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.