Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Jul 28 08 11:24 GMT |

CHF The assumed test of the key supports for realization of buyers' positions has not been confirmed but the activity parity of both parties revealed by OsMA indicator gives grounds to presume a possible period of range movement of the rate with a preservation of earlier composed trading plans almost without changes. Hence we assume a possibility of pair return to supports 1.0290/1.0310, 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 1.0350/70, 1.0400/20 and/or further breakout variant up to 1.0460/80, 1.0500/20. An alternative for sells will be below 1.0220 with the targets 1.0350/70, 1.0400/20 and/or further breakout variant up to 1.0460/80, 1.0500/20. An alternative for sells will be below 1.0220 with the targets 1.0160/80, 1.0100/20. GBP The presumptions of possible depth of rate correction have not been confirmed and the conditions of possible rise of bullish activity did not dispose to realization of bearish trading plans. At present taking into account the existent parity of parties' activity according to proposed version of descending trading channel, we assume a possibility of another test of channel line '1' in the range of 1,9930/50, 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 1.9860/80 and/or further breakout variant up to 1.9800/20. 1.9760/80. An alternative for buyers will be above 2.0000 with the targets 2.0120/40. JPY The pre-planned breakout variant for buyers has been realized with overlap of minimal assumed target. OsMA trend indicator having marked the considerable rise of buyers' activity gives grounds to change planning priorities in favor of bullish party. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to supports 107.30/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buyers' positions on condition of formation of topping signals the targets will be 107.80/108.00, 108.40/60 and/or further breakout variant up to 109.00/20, 109.60/80. An alternative for sells will be below 107.00 with the targets 106.40/60, 106.00/20. EUR The presumed test of the key resistance range has not been confirmed and the result of rate fall without conclusiveness of development of bearish activity gives grounds to preserve earlier composed trading plans almost without changes. So we assume a possibility of attainment of resistance range 1.5760/80, 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 1.5700/20, 1.5660/80, 1.5600/20 and/or further breakout variant up to 1.5520/40, 1.5460/80. An alternative for buyers will be above 1.5810 with the targets 1.5860/80, 1.5900/20. FOREX Ltd www.forexltd.co.uk