Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Aug 01 08 10:52 GMT |

CHF The pre-planned sells have been realized with overlap of minimal targets because of pair return to the center of descending channel. Taking into account diminishing bullish strength pair return to the center of the channel is also possible where it is recommended to evaluate further development of counteraction between bulls and bears according to the charts of shorter time interval. For sells the targets will be 1.0410/30. Short-term alternative for buyers will be 1.0520/40. GBP The pre-planned buys have been realized with overlap of maximal targets because of false break of upper boundary of the channel with further return to the channel. At this moment OsMA trend indicator marks the rise of bearish strength that means further pair movement within the channel and the test of bottom boundary of the channel on condition of formation of confirmative signals on the charts of shorter time period. For short positions the targets will be 1.9765/75, 1.9690/1.9710. JPY The pre-planned sells have been realized with attainment of minimal targets. At this moment pair has broken Ishimoku moving in descending direction. OsMA trend indicator indicates the rise of bearish strength but on the charts of shorter time interval this strength is falling. So it is recommended not to do hasty conclusions. We assume pair return to the cloud with a test of its boundaries where it is necessary to evaluate further development according to the charts of shorter time interval and OsMA signs. The breakout variant for long positions will be 107.80/108.00. An alternative in case of rebound will be 106.80/107.00, 106.30/50. EUR The assumed test of bottom boundary of the channel was completed with false break with further rebound. In this situation short-term long and short positions have been realized. In this case pair has formed new channel but we should remember the old one. OsMA trend indicator has marked the fall of bearish strength that can bring to retest of resistance range (bottom boundary of the old channel). For long positions the targets will be 1.5600/10 with further breakout variant 1.5690/1.5710. An alternative for sells will be 1.5530/40, 1.5480/1.5500. FOREX Ltd www.forexltd.co.uk