Updated Analysis on Majors

[alessio09]

Bullish Activity in Euro to Rise

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.

 

[alessio09]

Bullish Break in Euro at Week`s Opening

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.

 

[alessio09]

Correction in Euro Continues

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.

 

[alessio09]

Euro Overbought

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.

 

[alessio09]

Expecting Bullish Break in Euro

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.

 

[alessio09]

Bearish Concern in Euro Rises

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.

 

[alessio09]

Sideway Range in Euro under Doubt

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.

 

[alessio09]

Bears in Euro Preserve Dominance

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.

 

[oxygen.60]

Here’s a quick look into private scandinavian’s daily technical chart report:

SELL
EURUSD is now gaining more momentum, as price has now fallen below the 1.3433 immediate support.

SELL
EURGBP is now headed back down to test the support at 0.8731, and this time, has a strong change of breaking below the price level. Sell.

SELL
EURJPY, after hitting what appears to be a double top resistance on the medium term chart, is now falling down again. Take this scenario as a selling opportunity.

HOLD/SELL
As price action for the GBPUSD continues to consolidate on the short term, bias is now turning bearish. Still, short only upon a confirmation breakdown.

BUY
GBPCHF has finally broken above the consolidation resistance, and is now appearing to extend its gains. Going long should yield some positive results.

HOLD
GBPJPY is once again moving in a erratic manner, with price action in the short term changing directions several times. As it is, it is best to hold for now.

 

[alessio09]

Mere Priority of Bears in Euro

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.

Technical analysis for majors

 

[alessio09]

Risk of Bullish Break in Euro

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 technical analysis on majors

 

[Rosado]

Nice analysis. I think the EUR/USD will remain bearish in the market for a while. I'll be sticking with your analysis in trade.. Thanks

 

[alessio09]

Bearish Trend in Euro Gets Stronger

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 Technical Analysis

 

[alessio09]

Bullish Activity in Euro to Rise

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.

Forex technical analysis on majors

 

[alessio09]

Euro Expected to Rise

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.

Technical analysis from Forex Ltd

 

[oxygen.60]

Here is my most recent technical analysis, which I got from privatescandinavian
EURUSD – SELL
EURUSD is now in an extremely bearish mode, making for a clear sell signal. At this point, expect momentum downwards to intensify.

EURGBP – SELL
After a strong break at the resistance line, EURGBP pullback within the bearish channel and continuous for a downward momentum. Selling the pair is advised.

EURJPY – SELL
Significant supports from the short term chart has been promptly broken by the EURJPY, showing the strength of this bearish action. Sell.

 

[alessio09]

Bearish Break in Euro Occurred

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

 

[alessio09]

Bearish Momentum in Euro Still Preserved

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 majors

 

[alessio09]

Expecting Further Decline in Euro

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

 

[alessio09]

Bearish Potential in Euro Preserved

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 analysis on major currency pairs