Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Apr 23 09 10:37 GMT |

CHF The estimated test of the key supports has been confirmed, but the relative growth of bear's activity demonstrated by the OsMA indicator that took place against the background of the tendency of bull's activity reduction was not the positive moment for the immediate implementation of the purchasing positions that were planned. Therefore, without having any planning priorities, we suppose that the rate within the Ichimoku cloud will probably drop to the 1,1580/1,1600 levels, there it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for the short-term buys, on condition of the formation of topping signals, the objectives will be 1,1640/60, 1,1700/20, 1,1720/40 and (or) further break-out variant up to 1,1780/1,1800, 1,1840/60, 1,1900/40. The alternative for sales will be below 1,1500 with the targets of 1,1440/60, 1,1380/1,1400, 1,1320/40. GBP The purchasing positions that were planned to get from the key supports have been implemented with the achievement of minimal anticipated targets. After noting the close parity of activity of both parties, the OsMA trend indicator does not clarify the choice of planning priorities for today. On the assumption of it as well as of the current cycle of bull's activity, we can assume probability of achievement of the Ichimoku cloud borders at 1,4640/60 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for the short-term sales on condition of the formation of turning signals the objectives will be 1,4560/80, 1,4480/1,4500, 1,4380/1,4400 and (or) further break-out variant to 1,4300/20, 1,4220/40, 1,4100/40. The alternative for buyers will be above 1,4780 with the objectives of 1,4840/60, 1,4920/40, 1,5000/40. JPY The break-out variant for sales has been implemented, but damaging to the achievement of anticipated targets. After noting the drop in activity of the parties and the absence of any priorities, the OsMA trend indicator gives grounds to suppose the range movement of today's rate. On the assumption of it, we suppose that the pair will return to the Ichimoku cloud borders at 98,40/60 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for the short-term sales on condition of the formation of topping signals the objectives will be 97,80/98,00, 97,20/40, 96,80/97,00 and (or) further break-out variant to 96,20/40, 95,60/80, 95,00/20. The alternative for buyers will be above 99,60 with the targets of 100,00/20, 100,60/80, 101,20/40. EUR The estimated test of the key resistance range levels has been confirmed, but the relative growth of the bull's activity demonstrated by the OsMA indicator did not incline to the immediate implementation of the positions that were planned to sell. For the present, taking into consideration the signs of incompleteness of bull's development as well as the absence of planning priorities we admit the probability of achievement of 1,3060/80 range of resistance levels within the Ichimoku cloud, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for the short-term sales, on condition of the formation of topping signals the targets will be 1,3000/20, 1,2940/60, 1,2880/1,2900 and (or) further break-out variant up to 1,2820/40, 1,2740/60, 1,2660/80. The alternative for buyers will be above 1,3120 with the targets of 1,3160/80, 1,3220/40, 1,3280/1,3300. FOREX Ltd www.forexltd.co.uk