Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | May 07 09 09:48 GMT |

CHF The pre-planned long positions from key resistance range levels have been implemented but damaging to several points in the achievement of main anticipated target. OsMA trend indicator marks activity fall of both parties and does not clarify the choice of planning priorities for today. Therefore, considering probability of rate range movement, we can assume probability of the achievement of close 1,1380/1,1400 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 1,1320/40, 1,1260/80, 1,1160/1,1200 and (or) further break-out variant up to 1,1100/20, 1,1040/60, 1,0960/80. The alternative for buyers will be above 1,1440 with the targets of 1,1480/1,1500, 1,1560/80. GBP The estimated test of key supports for the implementation of pre-planned long positions has not been exactly confirmed, and the activity fall of both parties as the result of the last trading day gives grounds to suppose further trading principles application within borders of rising trading channel as well as for today. On the assumption of it we can assume probability of rate resumption to close 1,5070/90 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 1,5140/60, 1,5200/20 and (or) further break-out variant up to 1,5260/80, 1,5320/40, 1,5400/40. The alternative for sales will be below 1, 4980 with the targets of 1,4920/40, 1,4840/60, 1,4760/80. . JPY The estimated test of key resistance range levels has been confirmed, but relative rise of bearish activity marked by OsMA indicator did not incline to the implementation of pre-planned short positions. At the moment, considering parity in activity of both parties within Ichimoku cloud borders we can assume probability of rate range movement with further testing of close 98,80/99,00 resistance 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 98,20/40, 97,60/80 and (or) further break-out variant up to 97,00/20, 96,40/60.The alternative for buyers will be below 99,60 with the targets of 100,00/20, 100,60/80, 101,20/40. EUR The long positions opened before had positive result in the achievement of main anticipated targets. OsMA trend indicator marks activity fall of both parties and gives grounds to suppose further rate range movement period without clarifying the choice of planning priorities for today. On the assumption of it we can assume probability of testing of close 1,3220/40 supports, where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,3280/1,3300, 1,3340/60 and (or) further break-out variant up to 1,3400/20, 1,3460/80, 1,3540/60. The alternative for sales will be below 1,3180 with the targets of 1,3120/40, 1,3040/60, 1,2960/80. FOREX Ltd www.forexltd.co.uk