Forex Technical Analytics

Daily Forex Technicals | Written by FOREX Ltd | Sep 03 09 07:32 GMT |

CHF The pre-planned break out variant for sales was implemented and the preservation of opened short positions is supported by relative bearish activity rise, marked by OsMA trend indicator at the break of key supports. At the moment, evaluating the current outlook as close activity parity of both parties but with the sign of bearish development incompleteness we can assume probability of further rate decline to Low levels of the end of August at 1,0540/60 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 buying positions (with sales closed) the targets will be 1,0600/20, 1,0660/80, 1,0700/20 and (or) further break-out variant up to 1,0760/80, 1,0820/40, 1,0880/1,0900. The alternative for sales renovation will be below 1,0500 with the targets of 1,0460/80, 1,0380/1,0400. GBP The pre-planned test of key resistance range levels was confirmed but relative bullish activity rise marked by OsMA trend indicator did not incline to the implementation of pre-planned short positions. At the moment considering sign of bullish development with the general outlook of planning priorities uncertainty as well as current descending direction of indicator chart we can assume probability of rate return to close 1,6220/40 supports 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 buying positions the targets will be 1,6280/1,6300, 1,6360/80, 1,6400/20 and (or) further break-out variant up to 1,6460/80, 1,6540/60, 1,6600/20. The alternative for sales will be below 1,6180 with the targets of 1,6120/40, 1,6080/1,6100. JPY The pre-planed short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked close activity parity of both parties in the current situation as it was before does not clarify the choice of planning priorities for today. Therefore, keeping to the principle of preservation of current tendency without having priority of any party we can suppose probability of rate return to channel line '3' at 92,40/60 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 short-term sales on condition of formation of topping signals the targets will be 91,80/92,00 and (or) further break-out variant below 91,60 with the targets of 91,00/20, 90,40/60, 89,80/90,00. The alternative for buyers will be above 93,00 with the targets of 93,40/60,94,00/20, 94,60/80. EUR The estimated test of key resistance range levels was confirmed but relative bullish activity rise, marked by OsMA trend indicator did not incline to the immediate implementation of pre-planned short positions. At the moment, considering the sign of bullish development incompleteness as well as preservation of bearish priority we can assume probability of rate achievement of Ichimoku cloud at 1,4290/1,4310 levels where it is recommended to evaluate the development of both parties activity according to the charts of shorter time interval. As for short-term sales positions on condition of the formation of topping signals the targets will be 1,4240/60, 1,4160/80 and (or) further break-out variant up to 1,4100/20, 1,4040/60, 1,3980/1,4000. The alternative variant for sales will be below 1,4340 with the targets of 1,4380/1,4400, 1,4440/60. FOREX Ltd www.forexltd.co.uk