Updated Technical Analysis on Majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented, but with loss of several points in attainment of the anticipated target. OsMA trend indicator, having marked this month`s top by a sign of bearish reversal formation, suggests further rate correction period, but with preserved preference of bullish choice in planning trading operations for today. Therefore, at this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,3540/60 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 1,3600/20, 1,3640/60 and (or) further break-out variant up to 1,3700/20, 1,3760/80. The alternative for sales will be below 1,3490 with the targets of 1,3420/40, 1,3340/60.

Technical analysis on majors

[alessio]

EUR/USD

The pre-planned buying positions from key supports have been implemented with attainment of minimal anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, suggests further rate range movement with no clear choice of planning preferences for today. Therefore, at this point, we can assume probability of rate return to close border of Ichimoku cloud at 1,3560/80 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 buying positions, on condition of the formation of topping signals the targets will be 1,3620/40, 1,3680/1,3700 and (or) further break-out variant up to 1,3740/60, 1,3800/20. The alternative for sales will be below 1,3500 with the targets of 1,3440/60, 1,3380/1,3400.

Forex technical analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked bullish party priority, suggests further bullish development with preserved preference of buying positions for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,3700/20 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 1,3760/80, 1,3820/40 and (or) further break-out variant up to 1,3880/1,3900, 1,3940/60, 1,4000/20. The alternative for sales will be below 1,3600 with the targets of 1,3540/60, 1,3480/1,3500.

Technical analysis on majors

[alessio]

EUR/USD

The anticipated rate return to key supports has been confirmed, however, progress of bearish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned buying positions. Therefore, at this point, considering correction incompleteness on the rising momentum of bearish activity and taking into account ascending direction of indicator chart, we can assume probability of rate return to close 1,3700/20 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 1,3640/60, 1,3600/20 and (or) further break-out variant up to 1,3540/60, 1,3480/1,3500, 1,3420/40. The alternative for buyers will be above 1,3800 with the targets of 1,3840/60, 1,3920/40, 1,3980/1,4000.

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 progress of bullish activity at break of key resistance range levels, suggests preference of buying direction in planning trading operations for today. Therefore, at this point, considering descending direction of indicator chart, we can assume probability of rate return to 1,3780/1,3800 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 1,3840/60 and (or) further break-out variant up to 1,3900/20, 1,3960/80, 1,4040/60. The alternative for sales will be below 1,3700 with the targets of 1,3640/60, 1,3580/1,3600.

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 fall in activity of both parties, suggests further rate range movement, however, with preserved bullish preference 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 1,3880/1,3900 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 1,3940/60 and (or) further break-out variant up to 1,4000/20, 1,4060/80, 1,4120/40. The alternative for sales will be below 1,3790 with the targets of 1,3730/50, 1,3660/80.

Technical analysis on majors

[alessio]

EUR/USD

The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, having marked close parity of both party activity as a result of the previous trading day, however, considering current descending direction of indicator chart, we may prefer holding of the open short positions with the targets of 1,3920/40, 1,3860/80, 1,3800/20. The alternative for buyers will be above 1,4040 with the targets of 1,4080/1,4100, 1,4140/60, 1,4200/20.

Technical analysis on majors

[alessio]

EUR/USD

The earlier opened and held short positions had a positive result in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, considering the chosen strategy, suggests further rate range movement with no clear planning preference for today. Therefore, considering ascending direction of indicator chart, we can assume probability of rate return to 1,3900/20 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 1,3840/60, 1,3780/1,3800 and (or) further break-out variant up to 1,3720/40, 1,3660/80, 1,3600/20. The alternative for buyers will be above 1,4040 with the targets of 1,4080/1,4100, 1,4140/60, 1,4200/20.

Technical analysis on majors

[alessio]

EUR/USD

The pre-planned buying positions form key resistance range level has been implemented with attainment of the anticipated targets. OsMA trend indicator, having marked priority of bullish party, suggests preference of planning long positions for today. Therefore, at this point, considering sign of rate overbought, there is probability of rate return to close 1,4020/40 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 1,4080/1,4100 and (or) further break-out variant up to 1,4140/60, 1,4200/20, 1,4260/80. The alternative for sales will be below 1,3900 with the targets of 1,3840/60, 1,3780/1,3800.

Technical analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked essential rise in bearish activity at break of key supports, suggests preference of bearish direction in planning trading operations for today. Hence and considering a sign of rate oversold, we can assume probability of rate return to 1,3920/40 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 1,3860/80, 1,3800/20, 1,3760/80 and (or) further break-out variant up to 1,3700/20, 1,3640/60. The alternative for buyers will be above 1,4020 with the targets of 1,4060/80, 1,4120/40.

Technical analysis on majors