Updated Technical Analysis on Majors

[alessio]

EUR/USD

The pre-planned sales from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked parity of both party activity, considering downward trend, suggests preference of planning sales for today. Therefore, considering signs indicating that bullish reversal is formed, we can assume probability of rate return to channel line 1 at 1,3440/60 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 sales, on condition of the formation of topping signals the targets will be 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, 1,3660/80.

Forex Technical Analysis

[alessio]

EUR/USD

The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preserved low activity of both parties, as earlier, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of probable rate range movement and taking into account ascending direction of indicator chart, we can assume probability of another rate return to channel line 1 at 1,3420/40 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 short-term sales, on condition of the formation of topping signals the targets will be 1,3360/80, 1,3300/20, 1,3260/80 and (or) further break-out variant up to 1,3200/20. The alternative for buyers will be above 1,3500 with the targets of 1,3540/60, 1,3600/20.

Forex analysis on major currency pairs

[alessio]

EUR/USD

The pre-planned short positions from key resistance range levels have been implemented with attainment of the anticipated targets. OsMA trend indicator, having marked relative rise of bearish activity at break of key supports, suggests preference of planning sales for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to close 1,3260/80 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 1,3200/20 and (or) further break-out variant up to 1,3140/60, 1,3080/1,3100. The alternative for buyers will be above 1,3340 with the targets of 1,3380/1,3400, 1,3440/60.

Forex 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 essential rise of bullish activity at break of key resistance range levels, suggests preference of planning long positions for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close 1,3320/40 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 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, 1,3540/60, 1,3600/20. The alternative for sales will be below 1,3260 with the targets of 1,3200/20, 1,3140/60.

Latest Forex analysis on majors

[alessio]

EUR/USD

The pre-planned buying positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of further rate range movement, as earlier, we can assume probability of rate return to 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 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, 1,3540/60, 1,3600/20. The alternative for sales will be below 1,3260 with the targets of 1,3200/20, 1,3140/60.

Forex technical analysis

[alessio]

EUR/USD

The pre-planned break-out variant for sales has been implemented with attainment of the anticipated targets. OsMA trend indicator, having marked break of key supports by relative rise of sales activity, suggests at least incompleteness of rate decline period. Therefore, considering preference of sales in planning trading operations for today and taking into account ascending direction of indicator chart, we can assume probability of rate return to channel line 1 at 1,3240/60 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 1,3180/1,3200, 1,3120/40 and (or) further break-out variant up to 1,3060/80, 1,3000/20. The alternative for buyers will be above 1,3300 with the targets of 1,3340/60, 1,3400/20.

Technical analysis on major currency pairs

[alessio]

EUR/USD

The pre-planned short positions from key resistance range levels have been implemented with overlap of basic anticipated targets. OsMA trend indicator, having marked this week`s low by formation of bullish reversal signal, did not reveal confirmation of bullish activity strengthening, which suggests further preference of sales. Hence and considering bullish sign of indicator chart, we can assume probability of rate return to 1,3260/80 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, on condition of the formation of topping signals the targets will be 1,3200/20, 1,3140/60, 1,3100/20 and (or) further break-out variant up to 1,3040/60, 1,2980/1,3000, 1,2900/40. The alternative for buyers will be above 1,3340 with the targets of 1,3380/1,3400, 1,3440/60.

Forex analysis on major currency pairs

[alessio]

EUR/USD

The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. At this point, considering current bearish sign of indicator chart, there are some grounds for holding open sales with the targets of 1,3200/20, 1,3140/60, 1,3100/20 and (or) further break-out variant up to 1,3040/60, 1,2980/1,3000, 1,2900/40. The alternative for buyers will be above 1,3340 with the targets of 1,3380/1,3400, 1,3440/60.

Forex analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked priority of bullish party in the bigger picture, suggests preservation of sales preference of sales in planning trading operations for today. Hence, we can assume probability of rate return to close 1,3260/80 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 sales, on condition of the formation of topping signals the targets will be 1,3200/20 and (or) further break-out variant up to 1,3140/60, 1,3080/1,3100. The alternative for buyers will be above 1,3360 with the targets of 1,3400/20, 1,3460/80, 1,3520/40.

Forex technical analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering probability of rate range movement and taking into account bullish sign of indicator chart, we can assume probability of rate return to close borders of Ichimoku cloud at 1,3240/60, 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 1,3180/1,3200, 1,3120/40, 1,3080/1,3100 and (or) further break-out variant up to 1,3020/40, 1,2960/80. The alternative for buyers will be above 1,3360 with the targets of 1,3400/20, 1,3460/80, 1,3520/40.

Forex technical analysis on USD/CHF, USD/JPY, EUR/USD and GBP/USD