Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Aug 31 09 07:39 GMT |

CHF The estimated test of key resistance range levels has been confirmed with conditions for the implementation of pre-planned short positions. OsMA trend indicator, having marked preservation of bearish party priority gives grounds for preservation of opened short positions but relative bullish activity rise marked by the indicator and a sign of buying activity incompleteness remains the probability of the achievement of Ichimoku cloud border where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for opened and re-opened sales the targets will be 1,0590/1,0600, 1,0550/60, 1,0480/1,0500 and (or) further break-out variant up to 1,0420/40, 1,0360/80. The alternative for buyers will be above 1,0700 with the targets of 1,0740/60, 1,0800/20, 1,0860/80. GBP The pre-planned long positions from key supports were implemented with achievement of minimal estimated targets. OsMA trend indicator, having marked activity fall of both parties and does not clarify the choice of planning priorities for today. Nevertheless, considering rate positions below Ichimoku cloud favoring to bearish party we can suppose rate return to close Ichimoku cloud border and to channel line '1' at 1,6260/80 where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,6200/20, 1,6140/60, 1,6080/1,6000 and (or) further break-out variant up to 1,6020/40, 1,5960/80. The alternative for sales will be above 1,6400 with the targets of 1,6440/60, 1,6500/20, 1,6580/1,6620. JPY The pre-planned break-out variant for sales has been implemented with the achievement of minimal estimated target. OsMA trend indicator having marked high level of sales activity at the break-out of key support and gives grounds for bearish priority direction of planning of trading operations for today. On the assumption of it as well as of reversal momentum of indicator chart we can assume probability of rate return to channel line '1' at 93,00/20 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for sales on condition of formation of topping signals will be 92,40/60, 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 93,80 with the targets of 94,20/40, 94,80/95,00. EUR The estimated test of key supports ranges has been confirmed with conditions for the implementation of pre-planned long positions. OsMA trend indicator, having marked sign of formation of topping bullish signal with keeping of buyers party priorities and gives grounds for preservation of opened long positions with the targets of 1,4300/20, 1,4360/80, 1,4420/40 and (or) further break-out variant up to 1,4480/1,4500, 1,4560/80, 1,4660/1,4700. The alternative variant for sales will be below 1,4200 with the targets of 1,4140/60, 1,4060/80, 1,4000/20. FOREX Ltd www.forexltd.co.uk