Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Jan 08 09 08:48 GMT |

CHF The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked strengthening tendency of bearish activity as before gives reasons for supporting the corresponding direction of trading operations planning for today. At the moment and considering bullish sign of indicator chart we assume the possibility of rate return to close 1.1100/20 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.1020/40, 1.0940/60, 1.0860/80 and/or further breakout variant up to 1.0780/1.0800, 1.0700/20, 1.0620/40. An alternative for buyers will be above 1.1200 with targets 1.1260/80, 1.1320/40. GBP The pre-planned buying positions from key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having marked top of the previous trading day by formation of bearish reverse signal with further rate correction period but with preservation of buying planning priorities for today as well. Hence and considering incompleteness of bearish development cycle according to the OsMA indicator version we assume the possibility of attainment close 1.4900/40 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.5000/40, 1.5120/40, 1.5260/80 and/or further breakout variant up to 1.5360/80, 1.5500/40, 1.5680/1.2720. An alternative for sells will be below 1.4780 with targets 1.4710/30, 1.4580/1.4620, and 1.4480/1.4520. JPY The assumed rate return to key supports was confirmed but displayed by OsMA indicator relative high level of bearish activity was not favorable for the realization of the pre-planned buying positions. At the moment and considering the general situation of activity fall of both parties as well as rate position above Ichimoku cloud we have reasons for the realization of buying positions with defensive stops below 91.40. For buys targets will be 92.60/80, 93.20/40, 93.80/94.00 and/or further breakout variant up to 94.40/60, 95.00/20, 95.60/80. Alternative for sells will be below 91.40 with targets 90.80/91.00, 90.20/40, 89.60/80. EUR The pre-planned breakout variant for buyers was realized with overlap of minimal assumed target. OsMA trend indicator, having marked attainment of the previous trading day top by formation of bearish signal did not have confirming sells activity strengthening. Hence and considering the chosen strategy as before we have reasons for supporting buying planning priorities for today and taking into account bearish sign of indicator chart we assume the possibility of rate return to close 1.3220/04 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.3580/1.3600, 1.3660/80 and/or further breakout variant up to 1.3730/50, 1.3790/1.3810, 1.3860/80. An alternative for sells will be below 1.3420 with targets 1.3360/80, 1.3300/20, 1.3240/60. FOREX Ltd www.forexltd.co.uk