Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Jul 07 08 12:02 GMT |

CHF

The pre-planned breakout variant for buyers has been realized but without attainment of assumed targets. OsMA trend indicator having marked the active stage of bullish development supports the preservation of opened buyers’ positions but taking into account a feature of overbought factor, we assume a risk of short-term pair return to support range 1.0260/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.0320/40 and/or further breakout variant up to 1.0380/1.0400, 1.0420/40. An alternative for sells will be below 1.0200 with the targets 1.0120/40, 1.0080/1.0100.

GBP

The pre-planned breakout variant for sells has been realized but without attainment of minimal assumed targets. OsMA trend indicator having marked the preservation of bearish advantage continues to support the priority of trading planning for today and the active stage of bearish development gives grounds to preserve earlier opened short positions. Nevertheless taking into account the features of oversold factor, we assume the risks of rate correction for which the key resistance range will be 1.9800/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.9730/50, 1.9690/1.9710 and/or further breakout variant up to 1.9620/40, 1.9580/1.9600. An alternative for buyers will be above 1.9860 with 1.9900/20, 1.9940/60.

JPY

The pre-planned breakout variant for buyers has been realized with support of active stage of bullish development according to OsMA indicator. At present taking into account some features of overbought factor there are the risks of rate correction for which the key boundary levels will be 106.80/90, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 107.20/30, 107.70/80 and/or further breakout variant up to 108.20/40, 108.60/80. An alternative for sells will be below 106.40 with the targets 105.80/106.00, 105.20/40.

EUR

The pre-planned breakout variant for sells has been realized but with a loss of several points in attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties preserves the priority of bearish planning for today. Hence we assume a possibility of pair return to resistance range 1.5670/90, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.5610/30, 1.5560/80 and/or further breakout variant up to 1.5500/20, 1.5460/80, 1.5400/20. An alternative for buyers will be above 1.5740 with the targets 1.5780/1.5800, 1.5820/40.

FOREX Ltd
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