Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Jul 14 09 07:18 GMT |

CHF The estimated test of key supports has been implemented with conditions for implementation of pre-planned long positions. OsMA trend indicator, having marked formation of reversal bullish signals considering prevailing of bullish party, gives grounds for preservation of opened long positions with pre-planned target levels practically unchanged. Therefore, as for open buying positions the targets will be 1,0860/80, 1,0920/40, 1,0980/1,1020 and (or) further break-out variant up to 1,1060/80, 1,1120/40, 1,1180/1,1220. The alternative for sales will be below 1,0790 with the targets of 1,0720/40, 1,0640/60, 1,0580/1,0600. GBP The estimated test of key resistance range levels has been confirmed, but relatively high level of bullish activity marked by OsMA trend indicator has not suggested immediate implementation of pre-planned long positions. At this point considering developing situation merely favoring parity of both parties, as earlier, we can assume probability of rate range movement with no clear choice of planning priorities for today. Hence and considering downside indicator trend, we assume probability of rate return to close 1,6160/80 support 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 short-term sales on condition of the formation of topping signals the targets will be 1,6220/40, 1,6280/1,6320 and (or) further break-out variant up to 1,6360/80, 1,6420/40, 1,6480/1,6500. The alternative for sales will be below 1,6100 with the targets of 1,6020/40, 1,5960/80, 1,5900/20. JPY The estimated test of key resistance range levels has been confirmed with conditions for implementation of pre-planned short positions. OsMA trend indicator, having marked assumed test of Ichimoku cloud border by formation of reversal bearish sign gives grounds for preservation of earlier opened short positions considering earlier marked high level of buying activity and incompleteness of bullish development cycle, there are risks of further rate rise contained in Ichimoku cloud. Nevertheless, as earlier, as for open sales the targets will be 92,60/80, 92,00/20, 91,60/80 and (or) further break-out variant up to 91,00/20, 90,40/60, 89,80/90,00. The alternative for buyers will be above 94,40 with the targets of 94,80/95,00, 95,60/80. EUR Earlier opened and preserved short positions did not result in achievement of anticipated targets within previous trading day. OsMA trend indicator, having marked weakness of bullish party activity level, gives grounds for preservation of earlier opened short positions with target levels practically unchanged. Therefore, as for open sales, the targets will be 1,3900/20, 1,3820/40, 1,3740/60 and (or) further break-out variant up to 1,3680/1,3700, 1,3620/40, 1,3560/80. The alternative for buyers will be above 1,4040 with the targets of 1,4080/1,4100, 1,4140/60, 1,4200/20. FOREX Ltd www.forexltd.co.uk