Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | May 06 09 08:13 GMT |

CHF The pre-planned short positions from key resistance range levels have been implemented with the attainment of main anticipated target. OsMA trend indicator marks as a result of the last trading day the parity in activity of both parties and gives grounds to suppose the probability of rate range movement without clarifying the choice of planning priorities for today. On the assumption of it as well as considering signs of formation of bearish topping signal, we can assume probability of rate resumption to close 1,1320/40 supports, 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 1,1380/1,1400, 1,1420/40 and (or) further break-out variant up to 1,1480/1,1500, 1,1560/80 . The alternative for sales will be below 1,1280 with the targets of 1,1220/40, 1,1160/80. GBP The pre-planned break-out variant for buyers has been implemented with the attainment of minimal anticipated target. OsMA trend indicator marks close parity in activity of both parties and does not clarify the choice of planning priorities for today. Therefore, considering rise of bearish activity marked by indicator, we can assume probability of the attainment of close 1,4960/80 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 1,5030/50, 1,5100/20, 1,5160/80 and (or) further break-out variant up to 1,5220/40, 1,5280/1,5300, 1,5360/1,5400. The alternative for sales will be below 1, 4900 with the targets of 1,4840/60, 1,4780/1,4800, 1,4700/20. JPY The estimated test of key supports has been confirmed, but relatively high level of bearish activity marked by indicator is already negative point for the implementation of pre-planned long positions, Therefore, considering rate's position within Ichimoku cloud borders as a sign of trend indefiniteness as well as some bearish advantage, we can assume probability of rate resumption to upside border of Ichimoku cloud at 98,60/80 range 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 targets will be 98,00/20, 97,50/70 and (or) further break-out variant up to 97,00/20, 96,40/60.The alternative for sales will be below 99,20 with the targets of 99,60/80, 100,20/40, 100,80/101,00. EUR The estimated test of key supports has been confirmed with conditions for the implementation of pre-planned buying positions. OsMA trend indicator marks sign of formation of bullish topping signal and is favoring to preservation of long positions, nevertheless, relatively high level of bearish activity also brings in additional risks of probable rate correction period incompleteness. Hence, as it was before for opened positions for buy, the targets will be 1,3300/20, 1,3360/80, 1,3420/40 and (or) further break-out variant up to 1,3480/1,3500, 1,3560/80, 1,3660/1,3700. The alternative for sales will be below 1,3200 with the targets of 1,3140/60, 1,3080/1,3100 FOREX Ltd www.forexltd.co.uk