Forex Technical Analytics
Jun 26 07 07:49 GMT |
Forex Technical Analytics
CHF
The pre-planned sales from the key resistance range have been realized with attainment of main assumed target. OsMA trend indicator having marked the reversal bearish moment for the testing of the key resistance levels nevertheless did not reveal the attendant support from the development of sales activity and the revealed minimum relative rise of bullish counteraction gives grounds to assume the incompleteness of corrective development of the pair. Hence we assume a possibility of pair return to 1.2290/1.2310, where it is recommended to evaluate activity development according to the charts of shorter time intervals. For short-term sales on condition of formation of topping signals the targets will be 1.2240/60 and/or further breakout variant up to 1.2180/1.2200, 1.2130/50. An alternative for buyers will be above 1.2330 with the targets 1.2370/90.
GBP
The assumed test of the key support range has been confirmed but the relative strengthening of bearish activity revealed by OsMA indicator did not dispose to immediate realization of pre-planned buys. Taking into account the preservation of activity parity of the parties and incompleteness of bearish development, we assume a possibility of pair movement within the sideway price range with a test of supports 1.9950/60, where it is recommended to evaluate activity development according to the charts of shorter time intervals. For short-term buys on condition of formation of topping signals the targets will be 2.0000/20 and/or further breakout variant up to 2.0060/80, 2.0100/20. An alternative for sales will be below 1.9890 with the targets 1.9830/50, 1.9780/1.9800.
JPY
The assumed test of the key support range has been confirmed buy the relative rise of bearish counteraction revealed by OsMA indicator did not dispose to immediate realization of pre-planned buys but in case of realization of this plan the intended targets should have been attained. Further development of the events with the abatement in development of bullish activity and further retest of the key support range with the oversold factor formally gives grounds to realization of pre-planned buys but on condition of position protecting backspacing below the level 123.20. As a result the targets for buys are still in the range of 123.90/124.20 and/or further breakout variant up to 124.60/80. An alternative for sales will be below 123.20 with the targets 122.80/90, 122.20/40.
EUR
The pre-planned buys from the key support levels have been realized but with a loss of several points in attainment of main assumed target. OsMA trend indicator having marked the activity fall of both parties according to the chosen strategy 'supports' a preservation of composed trading plans almost without changes. As before, we assume a possibility of pair return to supports 1.3420/40, where it is recommended to evaluate activity development according to the charts of shorter time intervals. For short-term buys on condition of formation of topping signals the targets will be 1.3480/1.3500 and/or further breakout variant up to 1.3540/60, 1.3580/1.3600. An alternative for sales will be below 1.3400 with the targets 1.3340/60.
