Updated Technical Analysis on Majors

[alessio]

EUR/USD

The estimated rate return to key supports has been confirmed with conditions for implementation of the pre-planned buying positions. OsMA trend indicator, having marked sales activity decline, favors holding of open long positions with the targets of 1,2280/1,2300, 1,2340/60 and (or) further break-out variant up to 1,2400/20, 1,2460/80, 1,2540/60. The alternative for sales will be below 1,2200 with the targets of 1,2140/60, 1,2080/1,2100.

Forex technical analysis on majors

[alessio]

EUR/USD

The earlier opened and held long positions had a positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked rise in activity of bullish party, suggests preference of buying positions 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 1,2340/60 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 1,2400/20 and (or) further break-out variant up to 1,2460/80, 1,2540/60, 1,2600/20. The alternative for sales will be below 1,2280 with the targets of 1,2220/40, 1,2160/80.

Technical analysis on majors

[alessio]

EUR/USD

The pre-planned long positions from key supports have been implemented with attainment of basic anticipated target. OsMA trend indicator, having marked sign of rate overbought, suggests further rate range movement, however, with preference of bullish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2380/1,2400 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 1,2440/60 and (or) further break-out variant up to 1,2500/20, 1,2560/80, 1,2640/60. The alternative for sales will be below 1,2300 with the targets of 1,2240/60, 1,2180/1,2200.

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 target. OsMA trend indicator, having marked this month`s top by formation of bearish reversal signal with further rise in sales activity, suggests further rate correction period with preference of sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to close 1,2340/60 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 1,2280/1,2300, 1,2200/40 and (or) further break-out variant up to 1,2140/60, 1,2080/1,2100, 1,2000/20.

Forex analysis on majors

[alessio]

EUR/USD

The estimated rate return to key resistance range levels has not been confirmed, however, low activity of both parties, marked by OsMA trend indicator as a result of the previous trading day, does not clarify the choice of planning priorities for today. Therefore, considering prospects of rate range movement, we can assume probability of rate return to close 1,2300/20 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 1,2240/60, 1,2200/20 and (or) further break-out variant up to 1,2140/60, 1,2080/1,2100, 1,2000/20. The alternative for buyers will be above 1,2400 with the targets of 1,2440/60, 1,2500/20.

Forex technical analysis on majors

[alessio]

EUR/USD

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked this week`s low by formation of reversal bullish signal with further rise in buying activity, suggests preference of planning buying positions for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,2280/1,2300 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 1,2340/60, 1,2400/20 and (or) further break-out variant up to 1,2460/80, 1,2520/40. The alternative for sales will be below 1,2200 with the targets of 1,2140/60, 1,2080/1,2100.

Forex 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 in the bigger picture fall in activity of both parties, suggests preservation of earlier designed trading plans for today. Namely, considering the current development as favoring rate range movement, we can assume probability of hitting close 1,2280/1,2300 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 1,2340/60, 1,2400/20 and (or) further break-out variant up to 1,2460/80, 1,2520/40. The alternative for sales will be below 1,2200 with the targets of 1,2140/60, 1,2080/1,2100.

Complete technical analysis on majors

[alessio]

EUR/USD

The pre-planned break-out variant for sales has been implemented, attainment of the anticipated targets is favored by high level of bearish activity, marked by OsMA trend indicator, having marked at break of key support range. At this point, considering current ascending direction of OsMA indicator, we can assume probability of rate return to borders of Ichimoku cloud at 1,2300/20 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 1,2240/60, 1,2180/1,2200 and (or) further break-out variant up to 1,2120/40, 1,2040/60, 1,1980/1,2000. The alternative for buyers will be above 1,2360 with the targets of 1,2400/20, 1,2460/80, 1,2520/40.
Forex 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 fall in activity of both parties in the bigger picture, considering the chosen strategy, does not clarify the choice of planning priorities for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to 1,2240/60 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 1,2180/1,2200, 1,2120/40, 1,2080/1,2100 and (or) further break-out variant up to 1,2020/40, 1,1940/60, 1,1880/1,1900. The alternative for buyers will be above 1,2310 with the targets of 1,2350/60, 1,2400/20.

Forex analysis on majors

[alessio]

EUR/USD

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked priority of bullish party activity, considering rate position below Ichimoku cloud and taking into account the chosen strategy, does not clarify the choice of planning priorities for today. Therefore, treating the currnt development as incompleteness of bearish activity period within descending trading channel, we can assume probability of retesting 1,2260/80 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 1,2200/20, 1,2120/40 and (or) further break-out variant up to 1,2080/1,2100, 1,2020/40, 1,1960/80. The alternative for buyers will be above 1,2360 with the targets of 1,2400/20, 1,2460/80.

Forex analysis on majors