Updated Technical Analysis on Majors

[alessio]

EUR/USD

The pre-planned break-out variant for sales has been implemented, but with loss of several points in attainment of minimal anticipated target. OsMA trend indicator, having marked break of key supports by progress of bearish activity, suggests preference of sales in planning trading operations for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to close 1,2760/80 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 sales, on condition of the formation of topping signals the targets will be 1,2700/20, 1,2640/60 and (or) further break-out variant up to 1,2580/1,2600, 1,2520/40. The alternative for buyers will be above 1,2940 with the targets of 1,2980/1,3000, 1,3040/60, 1,3100/20.

Forex technical analysis on majors

[alessio]

EUR/USD

The anticipated rate return to channel line 1 has been confirmed, but relatively high rise of bearish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned short positions. Furthermore, considering the chosen strategy, the progress of bullish activity, as sellers` activity subdued, suggests preference of buying positions in planning trading operations for today. Therefore, at this point, we can assume probability of retest of this week`s low at 1,2600/20, 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 1,2660/80, 1,2720/40 and (or) further break-out variant up to 1,2780/1,2800, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2580 with the targets of 1,2520/40, 1,2460/80.

Forex technical analysis on majors

[alessio]

EUR/USD

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked relatively low level of bearish activity, considering the chosen strategy, suggests preference of bearish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2660/80 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 1,2720/40, 1,2760/80 and (or) further break-out variant up to 1,2820/40, 1,2880/1,2900, 1,2940/60. The alternative for sales will be below 1,2580 with the targets of 1,2520/40, 1,2460/80.

Forex technical analysis on majors

[alessio]

EUR/USD

The pre-planned buying positions from key supports have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked low activity of both parties, does not clarify the choice of planning priorities for today. Therefore, as earlier, we can assume probability of rate return to close 1,2680/1,2700 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 1,2740/60, 1,2800/20 and (or) further break-out variant up to 1,2860/80, 1,2920/40, 1,2980/1,3020. The alternative for sales will be below 1,2640 with the targets of 1,2580/1,2600, 1,2520/40, 1,2460/80.

Technical analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for sales has been implemented, relative rise of bearish activity, marked by OsMA trend indicator, suggests preference of planning sales with holding of open short positions. At this point, considering ascending direction of indicator chart, we can assume probability of rate return to borders of Ichimoku cloud at 1,2680/1,2700 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 1,2620/40, 1,2580/1,2600 and (or) further break-out variant up to 1,2520/40, 1,2460/80. The alternative for buyers will be above 1,2800 with the targets of 1,2840/60, 1,2900/20.

Technical analysis on majors

[alessio]

EUR/USD

The anticipated rate return to key resistance range levels has not been confirmed, but relative rise of bullish activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. At this point, considering the current situation as mixed, however, with signs of bullish development incompleteness, we can assume probability of hitting 1,2760/80 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 short-term sales, on condition of the formation of topping signals the targets will be 1,2700/20, 1,2660/80 and (or) further break-out variant up to 1,2600/20, 1,2540/60, 1,2480/1,2500. The alternative for buyers will be above 1,2820 with the targets of 1,2860/80, 1,2920/40, 1,2980/1,3020.

Technical analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented, attainment of the anticipated targets is favored by essential rise of bullish activity, marked by OsMA trend indicator at break of key resistance range levels. At this point, considering preference of bullish direction in planning and taking into account current bearish position of indicator chart, we can assume probability of rate return to 1,2760/80 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 buying positions, on condition of the formation of topping signals the targets will be 1,2820/40, 1,2880/1,2900, 1,2920/40 and (or) further break-out variant up to 1,2980/1,3000, 1,3040/60. The alternative for sales will be below 1,2660 with the targets of 1,2600/20.

Technicla analysis on major currency pairs

[alessio]

EUR/USD

The pre-planned buying positions from key supports have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preserved priority of bullish party activity in the bigger picture, suggests preference of bullish direction in planning trading operations for today. At this point, considering fall in activity of both parties, we can assume probability of further rate correction period with its return to close 1,2780/1,2800 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 1,2840/60 and (or) further break-out variant up to 1,2900/20, 1,2960/80, 1,3020/40. The alternative for sales will be below 1,2700 with the targets of 1,2640/60, 1,2580/1,2600.

Technical analysis on major currency pairs

[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 this month`s top by a sign of rate overbought, suggests further probable rate range movement, but with preserved preference of bullish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2840/60 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 1,2900/20 and (or) further break-out variant up to 1,2960/80, 1,3020/40, 1,3080/1,3100. The alternative for sales will be below 1,2700 with the targets of 1,2640/60, 1,2580/1,2600.

Technical analysis on majors

[alessio]

EUR/USD

The anticipated rate return to key supports has been implemented, however, progress of bearish activity, marked by OsMA trend indicator, was not a positive sign for immediate implementation for the pre-planned buying positions. At this point, considering rate position above Ichimoku as favoring bullish party, and taking into account rise in bearish activity, as a sign of rate correction incompleteness, we can assume probability of rate return to 1,2760/80 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 1,2820/40, 1,2880/1,2920 and (or) further break-out variant up to 1,2960/80, 1,3020/40. The alternative for sales will be below 1,2700 with the targets of 1,2640/60, 1,2580/1,2600.

Forex technical analsysis on majors