Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | May 26 09 07:40 GMT |

CHF The estimated test of key resistance range levels for the implementation of pre-planed short positions has not been confirmed and further activity fall of both parties with preservation of minimal bullish party advantage gives grounds for the preservation of trading plans made before almost unchanged. So, we can assume probability of further rate correction period with rate return to 1,0880/1,0900 resistance levels 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 the short-term sales on condition of the formation of topping signals the targets will be 1,0820/40, 1,0760/80 and (or) further break-out variant up to 1,0700/20, 1,0640/60, 1,0580/1,0600. The alternative for buyers will be above 1,0940 with the targets of 1,0980/1,1000, 1,1060/80. GBP The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed and activity fall of both parties as the result of previous trading day gives grounds to suppose probability of rate range movement with preservation of trading plans made before almost unchanged. So, we can assume probability of rate return to 1,5780/1,5800 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 the short-term buying positions on condition of formation of topping signals the targets will be 1,5860/80, 1,5920/40 and (or) further break-out variant up to 1,5980/1,6000, 1,6060/80, 1,6120/40. The alternative for sales will be below 1,5700 with the targets of 1,5620/40, 1,5560/80. JPY The estimated test of key supports has been confirmed on condition for the implementation of pre-planned long positions. OsMA trend indicator marks parity of both parties activity and gives grounds to suppose possibility of rate range movement without clarifying the choice of planning priorities for today. Therefore, for opened short-term sales positions the targets will be 95,00/20, 95,60/80 and (or) further break-out variant up to 96,20/40, 96,80/97,00, 97,40/60.The alternative for sales will be below 93,80 with the targets of 93,20/40, 92,60/80, 92,00/20. EUR The estimated test of key supports has not been confirmed and further activity fall of both parties as the result of previous trading day gives grounds for keeping of trading plans made before almost unchanged. So, we can assume probability of rate return to 1,3900/20 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 1,3960/80, 1,4040/60 and (or) further break-out variant up to 1,4100/20, 1,4160/80, 1,4200/20. The alternative for sales will be below 1,3860 with the targets of 1,3800/20, 1,3740/60, 1,3680/1,3700. FOREX Ltd www.forexltd.co.uk