Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Jul 29 08 07:08 GMT |

CHF The assumed test of the key supports has not been fully confirmed but the test of upper top of Ichimoku cloud with a fall of parties' activity gives grounds to open short-term buyers' positions because of possible range movement of the rate in a short-term future. Taking into account this fact for opening of long positions the targets will be 1.0360/80, 1.0400/20 and/or further breakout variant up to 1.0460/80, 1.0500/20. An alternative for sells will be below 1.0240 with the targets 1.0180/1.0200, 1.0140/60. GBP The assumed test of the key resistance range has been confirmed but the preservation of considerably high level of bullish activity was not a firm ground for realization of the pre-planned short positions. At present taking into account the descending direction of indicator chart with a preservation of some potential of bullish activity, we assume a possibility of pair return to supports 1.9880/1.9900, 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 1.9940/60, 2.0000/20 and/or further breakout variant up to 2.0060/80, 1.0100/20. An alternative for sells will be below 1.9800 with the targets 1.9720/40, 1.9680/1.9700. JPY The assumed test of the key supports has been confirmed with conditions for realization of the pre-planned long positions. At present taking into account the preservation of bullish advantage with a supports of upper line of Ichimoku cloud for opened long positions the possible 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 106.90 with the targets 106.40/50, 106.00/20. EUR The pre-planned short positions from the key resistance range have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties according to chosen strategy gives grounds to presume possible period of range movement of the rate within Ichimoku cloud without clearness in a choice of planning priorities for today. Hence we assume a possibility of rate fall to supports 1.5710/20, 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 1.5760/80, 1.5820/40 and/or further breakout variant up to 1.5870/90, 1.5910/30. An alternative for sells will be below 1.5600 with the targets 1.5520/40, 1.5460/80. FOREX Ltd www.forexltd.co.uk