Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Jul 11 08 07:14 GMT |

CHF

The assumed test of the key supports has been confirmed with conditions for realization of buyers' positions. OsMA trend indicator following the results of previous trading day has not revealed the advantage of any party to make a choice of planning priorities for today. Hence because of chosen strategy based on presumptions about possible range movement of the rate as well as taking into account the ascending direction of indicator chart, we assume a possibility of another test of channel line '1' within the range 1.0310/30, 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 1.0270/80, 1.0220/40 and/or further breakout variant below 1.0200 with the targets 1.0120/40, 1.0080/1.0100. An alternative for buyers will be above 1.0360 with the targets 1.0400/20, 1.0460/80, 1.0500/20.

GBP

The assumed test of the key supports has been confirmed but the progress of bearish activity revealed by OsMA indicator did not dispose to realization of the pre-planned buyers' positions. At present taking into account the general activity parity of both parties as well as the feature of incompletion of bearish development, we assume a possibility of short-term breakout of channel line '1' with pair return to resistance range 1.9790/1.9810, 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 1.9720/40, 1.9660/80 and/or further breakout variant up to 1.9600/20, 1.9520/40, 1.9480/1.9500. An alternative for buyers will be above 1.9850 with the targets 1.9890/1.9910, 1.9960/80, 2.0000/20.

JPY

The pre-planned breakout variant for buyers has been realized but without attainment of minimal assumed target. OsMA trend indicator with preservation of pair movement within the version of ascending trading channel has not revealed the features of determinate advantage of any party. Hence because of chosen strategy with presumptions of possible range movement of the rate, we assume a possibility of another test of channel support '1' within the range 106.95/107.05, 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 107.40/60, 107.90/108.10 and/or further breakout variant up to 108.50/70, 109.00/20. An alternative for sells will be below 106.70 with the targets 106.10/30, 105.70/90.

EUR

The pre-planned buyers' positions from the key supports have been realized with attainment of main assumed target. OsMA trend indicator having marked the preservation of parties' low activity gives grounds to further range movement of the rate of further existent tendency with a risk of sharp advantage change in favor of bearish party. Hence and because of descending direction of indicator chart we assume a possibility of pair return to supports 1.5740/60, 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 1.5790/1.5800 and/or further breakout variant above 1.5820 with the targets 1.5860/80, 1.5900/20. An alternative for sells will be below 1.5680 with the targets 1.5620/40, 1.5580/1.5600, 1.5520/40, 1.5460/80.

FOREX Ltd
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