Technical Analysis from ForexLtd

[Big Johnny]

CHF>>
The pre-planned breakout variant for buyers has been realized but without attainment of intraday assumed targets. OsMA trend indicator having marked the relatively high level of bullish potential gives grounds to make a choice in favor of buying planning priorities for today. Hence and because of present period of bearish corrective development, we assume a possibility of test of the nearest supports 1.2000/10, 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 1.2040/60, 1.2080/1.2100 and/or further breakout variant up to 1.2140/60, 1.2200/20, 1.2260/80. An alternative for sales will be below 1.1990 with the targets 1.1930/50, 1.1880/1.1900, 1.1820/40.




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GBP>>
The pre-planned breakout variant for sales has been realized but without any success in attainment of intraday assumed targets. OsMA trend indicator having marked the factor of bearish counteraction progress as well as the significant fall of buying activity gives grounds to make a choice in favor of sales planning priorities but taking into account recent priority of bullish development, we assume a possibility of another attempt of “assault” of attained tops within the range of 2.0170/2.0200, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 2.0100/20, 2.0060/80 and/or further breakout variant up to 2.0000/20, 1.9940/60, 1.9860/80, 1.9800/20. An alternative for buyers will be above 2.0220 with the targets 2.0260/80, 2.0320/40, 2.0380/2.0400.




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JPY>>
The pre-planned buys from the key support range have been realized with attainment of main assumed targets. OsMA trend indicator having marked the weakness of bullish activity level at the renewal of attained tops as well as the overbought factor considerably reduces the perspective of possible bullish breakout. On the other hand without confirmative features to change the planning priorities in favor of sales and because of chosen strategy, it is recommended to preserve prior priorities of bullish planning for today. Hence, we assume a possibility of pair return to supports 115.50/60, 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 116.00/20, 116.40/60 and/or further breakout variant up to 117.00/20, 117.60/80, 118.00/20. An alternative for sales will be below 115.00 with the targets 114.40/60, 113.80/114.00.




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EUR>>
The pre-planned breakout variant for sales has been realized but without attainment of intraday assumed targets. OsMA trend indicator having marked the relatively high level of bearish counteraction against the background of consequent weakness of bullish development does not have the features for the firm choice of planning priorities for today. Hence and according to chosen strategy, we assume a possibility of range movement of the rate and taking into account the medium term bearish advantage as well as the bullish character of indicator chart, we assume a possibility of pair return to resistance range 1.3670/90, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.3610/30, 1.3560/80 and/or further breakout variant up to 1.3500/20, 1.3450/70, 1.3360/1.3410. An alternative for buyers will be above 1.3720 with the targets
1.3760/80, 1.3820/40.




With respect,
Big Johnny
ForexLtd


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