Updated Technical Analysis on Majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by relatively high level of bullish activity, suggests preference of buying priorities in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to 1,2850/70 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,2920/40, 1,2980/1,3000 and (or) further break-out variant up to 1,3040/60, 1,3100/20. The alternative for sales will be below 1,2800 with the targets of 1,2740/60, 1,2680/1,2700.

Forex technical analysis on major currency pairs

[alessio]

EUR/USD

The estimated test of key supports has not accurately been confirmed, however, the anticipated further rate rise revealed a sign of strong rate overbought, not favoring expectations of further rate rise without at least a period of correction. Therefore, at this point, taking into account progress of bearish activity, marked by OsMA trend indicator, we can assume probability of rate return to close 1,2940/60 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,2880/1,2900, 1,2820/40 and (or) further break-out variant up to 1,1760/80, 1,2700/20. The alternative for resumed buying positions will be above 1,3020 with the targets of 1,3060/80, 1,3120/40, 1,3180/1,3200.

Forex analysis on majors

[alessio]

EUR/USD

The pre-planned short positions from key resistance range levels have been implemented, but without attainment of the anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, suggests further rate range movement with no clear signs regarding planning priorities for today. Therefore, as for open sales hitting minimal 1,2880/1,2900 targets remains probable, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,2940/60, 1,3000/20 and (or) further break-out variant up to 1,3060/80, 1,3120/40, 1,3180/1,3200. The alternative for sales will be below 1,2840 with the targets of 1,2780/1,2800, 1,2740/60, 1,2680/1,2700.

Complete analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for sales has been implemented, however, attainment of the anticipated targets is favored by high level of bearish activity, marked by OsMA trend indicator at break of key supports. At this point, considering ascending direction of indicator chart, we can assume probability of rate return to close 1,2920/40 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,2860/80, 1,2800/20, 1,2760/80 and (or) further break-out variant up to 1,2700/20, 1,2640/60, 1,2580/1,2600. The alternative for buyers will be above 1,3040 with the targets of 1,3080/1,3100, 1,3160/80.

Technical analysis on majors

[alessio]

EUR/USD

The anticipated rate return to key resistance range levels has not accurately been confirmed, however, the anticipated rate decline revealed signs of formation of bullish reversal, not favoring prospects of further fall, as marked by OsMA trend indicator. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to channel line 1 at 1,2800/20 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,2720/40, 1,2680/1,2700 and (or) further break-out variant up to 1,2620/40, 1,2560/80, 1,2500/20. The alternative for buyers will be above 1,2940 with the targets of 1,2980/1,3000, 1,3060/80.

Technical analysis on majors

[alessio]

EUR/USD

The anticipated rate return to key resistance range levels have been implemented, however, essential rise of bullish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned short positions. Furthermore, considering general priority of bullish party, there are some signs favoring bullish direction in planning trading operations for today. Hence and taking into account descending direction of indicator chart, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 1,2860/80 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for buying positions, on condition of the formation of topping signals the targets will be 1,2920/40 and (or) further break-out variant up to 1,2980/1,3000, 1,3040/60, 1,3100/20. The alternative for sales will be below 1,2790 with the targets 1,2720/40, 1,2660/80.

Forex technical analysis on majors

[alessio]

EUR/USD

The estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, however, the anticipated rate rise revealed signs of rate overbought for further rate range movement without clear signs regarding choice of planning priorities for today. Therefore, we can assume probability of rate return to channel line 1 at 1,2940/60 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,3000/40 and (or) further break-out variant up to 1,3080/1,3100, 1,3140/60. 1,3200/20. The alternative for sales will be below 1,2860 with the targets of 1,2800/20, 1,2720/40, 1,2660/80.

Technical analysis on other majors

[alessio]

EUR/USD

The pre-planned buying positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked sign of rate overbought, considering no clear level of bearish counteraction, suggests further rate range movement with no clear signs regarding choice of planning priorities for today. Therefore, as earlier, we can assume probability of rate return to close 1,2940/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,3000/20, 1,3040/60 and (or) further break-out variant up to 1,3100/20, 1,3160/80, 1,3220/40. The alternative for sales will be below 1,2860 with the targets of 1,2800/20, 1,2720/40, 1,2660/80.

Forex technical analysis on majors

[alessio]

EUR/USD

The estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, but further fall in activity of both parties suggests preservation of earlier designed trading plans practically unchanged. Namely, we can assume probability of rate return to close 1,2940/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,3000/20, 1,3040/60 and (or) further break-out variant up to 1,3100/20, 1,3160/80, 1,3220/40. The alternative for sales will be below 1,2860 with the targets of 1,2800/20, 1,2720/40, 1,2660/80.

Technical analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked general close parity of both party activity, taking into account current bullish trend, and considering the chosen strategy, suggests further rate range movement with preference of planning buying positions. Therefore, at this point, considering descending direction of indicator chart, we can assume probability of rate return to 1,3040/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,3100/20 and (or) further break-out variant up to 1,3160/80, 1,3220/40, 1,3280/1,3300. The alternative for sales will be below 1,2960 with the targets of 1,2900/20, 1,2840/60, 1,2760/80.

Forex technical analysis on majors