Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Mar 03 09 08:06 GMT |

CHF The assumed test of key supports for the realization of the pre-planned buying positions was not confirmed but the results of the previous trading day according to OsMA indicator, preserve indefiniteness in the choice of planning priorities for today and as a consequence trading planes practically unchanged. Hence as before we assume the possibility of rate return to Ichimoku cloud boundary at 1.1660/80 levels, where it is recommended to evaluate 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 1.1740/60, 1.1820/40, 1.1880/1.1900 and/or further breakout variant up to 1.1960/80, 1.2040/60, 1.2160/80, 1.2240/60. An alternative for sells will be below 1.1580 with targets 1.1520/40, 1.1440/60. GBP The pre-planned long positions from key resistance range were realized with overlap of assumed target. OsMA trend indicator, having marked confirmation of bearish party advantage gives reasons for sells planning priority for today. Hence and considering current bullish development cycle we assume the possibility of attainment 1.4180/1.4220 resistance levels, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.4100/20, 1.4020/40, 1.3940/60 and/or further breakout variant up to 1.3820/40, 1.3680/1.3720, 1.3560/1.3600. An alternative for buyers will be above 1.4410 with targets 1.4460/80, 1.4540/60, 1.4620/60. JPY The assumed test of key resistance range for the realization of the pre-planned long positions was not confirmed but results of the previous trading day according to OsMA indicator version were not definite for the choice of planning priorities for today. Hence and considering the assumptions about possible further range rate movement as before we assume the possibility of rate return to close 97.80/98.00 resistance levels, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 97.20/40, 96.60/80 and/or further breakout variant up to 96.00/20, 95.60/80. An alternative for buyers will be above 98.20 with targets 98.60/80, 97.00/20. EUR The pre-planned short positions from key resistance range were realized with attainment of minimal assumed target. OsMA trend indicator, having marked low activity of both parties within parity continues supporting assumptions about possible range rate movement without definiteness in the choice of planning priorities for today. Hence at the moment considering the current bullish activity cycle we assume the possibility of attainment 1.2680/1.2700 resistance levels, where it is recommended to evaluate 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 1.2620/40, 1.2560/80, 1.2500/20 and/or further breakout variant up to 1.2440/60, 1.2300/40, 1.2180/1.2220. An alternative for buyers will be above 1.2780 with targets 1.2840/60, 1.2900/20, 1.2980/1.3020. FOREX Ltd www.forexltd.co.uk