Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Aug 07 09 10:55 GMT |

CHF The estimated rate return to support line has not been implemented. At the moment, OsMA trend indicator marks activity fall of both parties and is forming divergence with the chart. On the assumption of it, as well as considering Ichomoku cloud descending position we can suppose mild descending movement to lower channel border. As for sales, the targets will be 1,0570/90 and (or) further variant up to1,0420/40, 1,0300/20 . As for buying positions, the targets will be 1,0700/20 and (or) further variant up to 1,0750/70, 1,0850/70. GBP The estimated long positions were implemented with the overlap of minimal estimated target. At the moment, GBP/USD is situated within channel borders as well as within Ichimoku cloud. On the assumption of it, as well as of bullish activity fall, marked by OsMA trend indicator, we can suppose further movement within channel borders. As for sales the targets will be 1,6670/90 and (or) further variant up to 1,6520/40, 1,6470/90. As for buying positions, on condition of the formation of topping signals the targets will be 1,6810/30 and (or) further variant up to 1,6950/70, 1,7000. JPY The pre-planned long positions were implemented with the achievement of minimal anticipated target. OsMA trend indicator marks bearish activity rise. On the assumption of it as well as of the break-out of resistance line we can suppose descending direction of indicator chart for today. It is necessary to be careful with false break-out and to wait confirmative signals from short time intervals. As for sales, the targets will be 94,40/60 and (or) further variant up to 93,50/70, 92,10/30. As for buying positions, the targets will be 95,60/80 and (or) further variant up to 96,40/60, 98,10/40. EUR The break-out variant for sales has not been implemented. OsMA trend indicator marked divergence with the chart. On the assumption of it, as well as of bullish activity fall and the position of Ichimoku cloud we can suppose further rise of indicator chart to close channel border. As for buying positions the targets will be 1,4420/40 and (or) further break-out variant up to 1,4560/80, 1,4680/1,4700. The alternative variant for sales on condition of the formation of topping signals will be below 1,4280 with the targets of 1,4210/30 and (or) further variant up to 1,4170/90, 1,4050/70. FOREX Ltd www.forexltd.co.uk