Forex Technical Analytics

CHF

The assumed test of the key resistance range for the pre-planned sales has not been confirmed and the prospective rate rise had the minimal features of progress of bearish activity but the pair is still oversold in more long-term period and the perspectives of further rate fall are unclear. In this situation as before taking into account the bullish character of indicator chart, we assume a possibility of pair return to resistance levels 1.1890/1.1910, where it is recommended to evaluate activity development according to the charts of shorter time interval. For sales on condition of formation of topping signals the targets will be 1.1840/60, 1.1800/20 and/or further breakout variant up to 1.1740/60, 1.1700/20. An alternative for buyers will be above 1.1940 with the targets 1.1980/1.2000, 1.2040/60.

GBP

The pre-planned breakout variant for sales has been realized but without attainment of intraday assumed targets. OsMA trend indicator having marked the activity parity of both parties as the ground to presume the sideway/range rate movement at present taking into account the bearish character of indicator chart 'supports' a possibility of attainment of supports 2.0200/30, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 2.0270/90, 2.0310/20 and/or further breakout variant up to 2.0350/70, 2.0400/20. An alternative for sales will be below 2.0180 with the targets 2.0110/30, 2.0060/80.

JPY

Opened short positions failed to attain the assumed target and the reduction of parties' activity to choose planning priorities was a result of previous trading session. Hence and according to the chosen strategy, we assume a possibility of range movement of the rate with a test of supports 113.80/90, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 114.30/40, 114.80/115.00 and/or further breakout variant up to 115.40/60, 116.00/20. An alternative for sales will be below 113.60 with the targets 113.00/20, 112.60/80.

EUR

The assumed test of the key support range for the pre-planned buying positions has not been confirmed and the prospective rate rise as well as the renewal of attained tops revealed that the considerable strengthening of bearish counteraction is still not convincing to change planning priorities in favor of sales it serves as the ground to wait for sideway/range movement of the rate in near-term feature. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to supports 1.3870/80, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.3910.30 and/or further breakout variant up to 1.3960/70, 1.3990/1.4010. An alternative for sales will be below 1.3855 with the targets 1.3800/20, 1.3760/80.




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