Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Apr 30 09 08:20 GMT |

CHF The pre-planned break-out variant for sales has been implemented with the overlap of minimal anticipated target. OsMA trend indicator marks the Low of current week by formation of topping bullish signals with further relative strengthening of bull's resistance and gives grounds to suppose the extension of rate correction period but with preservation of the priority of bear's direction for planning of trade operations for today. On the assumption of it as well as of existent bullish cycle according to OsMA trend indicator we can assume probability of rate achievement of 1,1370/90 nearest resistance levels where it recommended to evaluate 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 1,1300/20 and (or) further break-out variant below 1,1280 with the targets of 1,1220/40, 1,1160/80, 1,1100/20 . The alternative for buyers will be above 1,1440 with the targets of 1,1480/1,1500, 1,1540/60. GBP The pre-planned test of key supports for the implementation of pre-planned long positions has not been confirmed, but the estimated rate growth has not clarified the choice of planning priorities for today. On the assumption of it and taking into consideration signs of rate overbought we can assume probability of today's rate resumption to the nearest supports of 1,4740/60,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 buying positions on condition of the formation of topping signals the targets will be 1,4800/20, 1,4860/80 and (or) further break-out variant up to 1,4940/60, 1,5000/20, 1,5080/1,5120. The alternative for sales will be below 1,4680 with the targets of 1,4620/40, 1,4560/80, 1,4500/20. JPY The pre-planned break-out variant for buyers has been implemented but damaging the achievement of anticipated targets. OsMA trend indicator marks relative growth of bear's activity after the break of key resistance range levels and does not clarify the choice of planning priorities for today. That is why, on the assumption of the suppositions concerning rate range movement outlooks as well as of the existent cycle of bear's activity we can assume probability of rate resumption to 96,80/97,00 the nearest supports, 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 buying positions on condition of the formation of topping signals the targets will be 97,40/60, 98,00/20 and (or) further break-out variant to 98,60/80, 99,20/40.The alternative for sales will be below 96,40 with the targets 95,80/96,00, 95,20/40, 94,40/60. EUR The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed, and the upside of current week displayed signs of rate overbought as a negative factor for waiting an immediate further rate growth. For the present, considering the weakness of bear's resistance reaction and on the assumption of the chosen strategy we have grounds to suppose the preservation of the priority of bull's direction in planning of trade operations for today. On the assumption of it as well as of the existent cycle of bear's activity we can assume probability of achievement of 1,3220/40 nearest supports, where it is recommended to evaluate development of activity of both parties in accordance with the charts of a shorter time interval. As for the short-term buying positions, on condition of the formation of topping signals, the targets will be 1,3280/1,3300, 1,3340/60, 1,3400/20 and (or) further break-out variant up to 1,3460/80, 1,3540/60, 1,3680/1,3720. The alternative for sales will be below 1,3160 with the targets of 1,3100/20, 1,3040/60, 1,2960/80. FOREX Ltd www.forexltd.co.uk