Updated Technical Analysis on Majors

[alessio]

EUR/USD

The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, but anticipated rate decline revealed further fall in activity of both parties, reducing the level of clearness regarding choice of planning priority for today. Therefore, considering suppositions of rate range movement, we can assume probability of rate return to close 1,3360/80 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 short-term sales, on condition of the formation of topping signals the targets will be 1,3300/20, 1,3260/80 and (or) further break-out variant up to 1,3200/20, 1,3140/60, 1,3080/1,3100. The alternative for buyers will be above 1,3440 with the targets of 1,3480/1,3500 1,3540/60, 1,3600/20.

Analysis on Forex majors

[alessio]

EUR/USD

The estimated test of key resistance range levels has been confirmed, but relative rise of bullish activity, marked by OsMA trend indicator after the period of uncertainty, failed to become a positive sign for implementation of the pre-planned short positions. Therefore, at this point, considering a sign that suggests planning of buying positions and taking into account descending direction of indicator chart, we can assume probability of rate return to close 1,3320/40 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 short-term buying positions, on condition of the formation of topping signals the targets will be 1,3380/1,3400, 1,3420/40 and (or) further break-out variant up to 1,3480/1,3500, 1,3520/40. The alternative for sales will be below 1,3260 with the targets of 1,3200/20, 1,3140/60, 1,3080/1,3100.

Forex Analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented with overlap of the anticipated targets. OsMA trend indicator, having marked rise of bullish activity, suggests preference of buying planning for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,3580/1,3600 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 1,3640/60, 1,3700/20 and (or) further break-out variant up to 1,3760/80, 1,3820/40. The alternative for sales will be below 1,3540 with the targets of 1,3480/1,3500, 1,3420/40.

Complete technical analysis on majors

[fxhaven]

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[alessio]

EUR/USD

The anticipated rate return to key supports has been confirmed, but relative rise of bearish activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned buying positions. At this point, considering preserved priorities of bullish planning and suppositions of rate correction incompleteness, we can assume attainment of 1,3520/40 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 1,3580/1,3600, 1,3640/60, 1,3700/20 and (or) further break-out variant up to 1,3760/80, 1,3820/40. The alternative for sales will be below 1,3460 with the targets of 1,3400/20, 1,3340/60.

Forex analysis on majors

[alessio]

EUR/USD

The estimated test of key supports has not accurately been confirmed, but the anticipated rate rise, marked by OsMA trend indicator, did not reveal strong level of bullish activity for anticipation of further rise above this week`s top. Therefore, considering suppositions of rate correction incompleteness, we can assume probability of rate return to 1,3560/80 support 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 1,3480 with the targets of 1,3420/40, 1,3360/80.

Forex Technical Analysis on Majors

[alessio]

EUR/USD

The estimated test of key supports for implementation of the pre-planned buing positions has not been confirmed, continuing fall in activity of both parties, as a result of the previous trading day as marked by OsMA trend indicator, suggests preservation of earlier designed plans practically unchanged. Namely, we can assume probability of rate return to close border of Ichimoku cloud at 1,3540/60 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 1,3600/20, 1,3660/80 and (or) further break-out variant up to 1,3700 with the targets of 1,3740/60, 1,3800/20. The alternative for sales will be below 1,3480 with the targets of 1,3420/40, 1,3360/80.

Technical analysis on major currency pairs

[alessio]

EUR/USD

The estimated test of key supports has been implemented, but relative rise of bearish activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned buying positions. Therefore, at this point, considering suppositions of correction rate period with preserved priority of planning long positions, we can assume probability of testing Senkou Span line in Ichimoku indicator at 1,3500/20 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 1,3560/80, 1,3620/40 and (or) further break-out variant up to 1,3680/1,3700, 1,3740/60, 1,3800/20. The alternative for sales will be below 1,3440 with the targets of 1,3380/1,3400, 1,3320/40, 1,3260/80.

Forex analysis on majors

[alessio]

EUR/USD

The estimated test of key supports has been implemented with attainment of the pre-planned buying positions. OsMA trend indicator, having marked fall in activity of both parties and rate position below Ichimoku cloud, reduces prospects of open long positions and expectations of the anticipated targets. Therefore, considering the chosen strategy, based on suppositions of rate range movement, we can assume probability of rate return to close 1,3500/20 resistance range 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, 1,3440/60 and (or) further break-out variant up to 1,3380/1,3400, 1,3320/40, 1,3260/80. The alternative for buyers will be above 1,3600 with the targets of 1,3640/60, 1,3700/20.

Forex technical analysis

[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 formation of bullish reversal sign, suggests preservation of earlier designed trading plans for today with tiny correction. Therefore, as earlier, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 1,3500/20 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 1,3440/60, 1,3380/1,3400 and (or) further break-out variant up to 1,3320/40, 1,3260/80. The alternative for buyers will be above 1,3560 with the targets of 1,3600/20, 1,36460/80, 1,3740/60.

Forex Technical Analysis