Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Jun 01 09 07:15 GMT |

CHF The pre-planned break-out variant for sales has been implemented with the achievement of main targets. OsMA trend indicator marks preservation of bearish priorities at the attainment of channel line '1' and gives grounds to maintain bearish direction priority of planning of trading operations for today. On the assumption of it as well as of the current cycle of bullish activity we can assume probability of rate return to close resistance range levels at 1,0720/40 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 1,0660/80, 1,0600/20 and (or) further break-out variant up to 1,0540/60, 1,0460/80, 1,0360/1,0400. The alternative for buyers will be above 1,0800 with the targets of 1,0840/60, 1,0900/20, 1,0960/80. GBP The pre-planned break-out variant for buyers has been implemented with the overlap of minimal anticipated target. OsMA trend indicator, having marked relative rise of buyers activity at the break-out of key resistance range level and gives grounds for the priority of bullish direction for planning of trading operations for today. On the assumption of it as well as of descending direction of indicator chart we can assume probability of rate return to close 1,6140/60 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 1,6200/20, 1,6280/1,6300 and (or) further break-out variant up to 1,6360/80, 1,6460/1,6500, 1,6600/60. The alternative for sales will be below 1,6020 with the targets of 1,5940/60, 1,5860/80. JPY The pre-planned break-out variant for sales has been implemented with the overlap of estimated target. OsMA trend indicator, having marked close activity parity of both parties as it was before and does not clarify the choice of planning priorities for today. Nevertheless, evaluating the current situation in favour to bearish party we can assume probability of rate return to key resistance range levels at 95,80/96,00 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 formation of topping signals the targets will be 95,20/40, 94,60/80 and (or) further break-out variant up to 94,00/20, 93,40/60. The alternative for buyers will be above 96,60 with the targets of 97,00/20, 97,60/80. EUR The long positions opened before had positive result of the achievement of main estimated targets. OsMA trend indicator marks renewed May’s high by a sign of rate overbought but, nevertheless, without confirmative level of bearish resistance it gives grounds for preservation of buying planning priorities for today. On the assumption of it and considering incompleteness of the current cycle of bearish activity, we can assume probability of rate return to close 1,4080/1,4100 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,4140/60, 1,4200/20 and (or) further break-out variant up to 1,4260/80, 1,4320/40. The alternative for sales will be below 1,3960 with the targets of 1,3900/20, 1,3840/60, 1,3780/1,3800. FOREX Ltd www.forexltd.co.uk