Forex Technical Analytics

CHF

The assumed test of the key support range for the pre-planned buyers' positions has not been confirmed but according to OsMA indicator version the existent technical situation preserves earlier composed trading plans almost without changes. Hence we assume a possibility of attainment of supports 1.0490/1.0510, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.0550/70, 1.0610/30 and/or further breakout variant up to 1.0670/90, 1.0720/40. An alternative for sales will be below 1.0460 with the targets 1.0400/20, 1.0360/80.

GBP

The preservation of pair fall within the version of descending trading channel has been confirmed but without confirmative conditions for realization of the pre-planned short positions. OsMA trend indicator having not revealed the basic advantages of any party gives grounds to preserve the existent tendency within the channel. Hence as before to reduce trading risks we assume a possibility of pair return to channel line '1' to the range of 1.9520/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.9440/60, 1.9360/80 and/or further breakout variant up to 1.9300/20, 1.9260/80. An alternative for buyers will be above 1.9600 with the targets 1.9660/80, 1.9720/40, 1.9780/1.9800.

JPY

The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the series of reversal signals as a feature of overbought factor with consequent tendency of strengthening of bearish counteraction gives grounds to presume a possibility of pair return to channel line '1' to the range of 104.20/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 104.80/105.00, 105.40/60 and/or further breakout variant up to 106.00/20, 106.60/80, 107.00/20. An alternative for sales will be below 103.80 with the targets 103.40/50, 102.80/103.00.

EUR

The attainment of assumed targets for earlier opened short positions has not been confirmed within previous trading day. OsMA trend indicator having marked the intraday Low with a formation of reversal bullish signal with a minimal strengthening of buyers' activity supports the preservation of earlier opened long positions for minimal targets of 1.5520/40. Generally, taking into account the approximate equality of parties' activity, we assume a possibility of range movement of the rate without clearness in a choice of planning priorities for today. Hence the attainment of indicated targeted levels for opened long positions will be the ground to evaluate parties' activity according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.5460/80, 1.5400/20 and/or further breakout variant up to 1.5340/60, 1.5280/1.5300. An alternative for renovation of long positions will be above 1.5600 with the targets 1.5640/60, 1.5680/1.5700.

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