Forex Technical Analytics

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

CHF The estimated test of key resistance range levels has not exactly been confirmed but the estimated rate fall marked sign of rate oversold, and this reduces probability of strong rate fall. Therefore, at the moment, considering the chosen strategy, we can assume probability of rate range movement period with the test of close 1,0220/40 resistance 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 1,0160/80 and (or) further break-out variant up to 1,0100/20, 1,0040/60, 0,9980/1,000. The alternative for buyers will be above 1,0300 with the targets of 1,0340/60, 1,0400/20. GBP The pre-planned break-out variant for buyers was implemented but with the achievement of minimal estimated targets. OsMA trend indicator having marked bullish party activity priority at the break of key resistance range levels gives grounds to suppose further rate rise. Therefore, at the moment, considering descending direction of indicator chart we can assume probability of rate return to close 1,5900/20 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 on condition of formation of topping signals the targets will be 1,5960/80, 1,6020/40 and (or) further break-out variant up to 1,6080/1,6100, 1,6140/60, 1,5200/40. The alternative for sales will be above 1,5800 with the targets of 1,5740/60, 1,5680/1,5700. JPY The pre-planned break-out variant for sales was implemented and the achievement of estimated targets is supported, according to OsMA trend indicator version, by the tendency of strengthening of bearish activity levels at the break of key supports range level. Therefore, at the moment, as for opened sales the targets will be 88,40/60, 87,80/88,00 levels and (or) further break-out variant up to 87,20/40, 86,80/87,00. The alternative for buyers will be above 90,00 with the targets of 90,40/60, 91,00/20, 91,60/80. EUR The pre-planned break-out variant for buyers was implemented with overlap of minimal estimated target. OsMA trend indicator, having marked activity fall of both parties that considering the chosen strategy does not clarify the choice of planning priorities for today. Nevertheless, considering probability of keeping of the current tendency we can assume probability of rate return to close 1,4820/40 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 on condition of the formation of topping signals the targets will be 1,4880/1,4900 and (or) further break-out variant up to 1,4940/60, 1,5000/20, 1,5060/80. The alternative for sales will be below 1,4760 with the targets of 1,4700/20, 1,4640/60. FOREX Ltd www.forexltd.co.uk