Updated Analysis on Majors

[alessio09]

Expecting Further Rise in Euro

EUR/USD

The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned buying positions. At this point, when hitting minimal anticipated target we observe the correspondent direction of indicator chart, as a sign of further rate rise and ground for holding long positions with the targets of 1,2600/20 and (or) further break-out variant up to 1,2660/80, 1,2740/60, 1,2820/40. The alternative for sales will be below 1,2380 with the targets of 1,2320/40, 1,2260/80.

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[alessio09]

Rise in Euro to Continue

EUR/USD

The earlier opened and held long positions had a positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked no evident priority of either party, considering the chosen strategy, does not clarify the choice of planning priorities for today. Nevertheless, considering trend rate direction as favoring further planning sales, we can assume probability of rate return to close 1,2560/80 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 buying positions, on condition of the formation of topping signals the targets will be 1,2620/40, 1,2680/1,2700 and (or) further break-out variant up to 1,2740/60, 1,2800/20, 1,2880/1,2920. The alternative for sales will be below 1,2460 with the targets of 1,2400/20, 1,2340/60, 1,2280/1,2300.

Forex analysis on majors

 

[alessio09]

Euro Overbought with Risk of Rate Correction

EUR/USD

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, considering the chosen strategy, does not clarify the choice of planning priorities for today. Therefore, considering prospects f rate range movement, we can assume probability of rate return to close 1,2590/1,2610 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 1,2650/70, 1,2700/10 and (or) further break-out variant up to 1,2750/60, 1,2800/20, 1,2880/1,2920. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Forex technical analysis on major currency pairs

 

[alessio09]

Euro Overbought Gets Stronger

EUR/USD

The estimated test of key supports has not been confirmed, however, anticipated rate rise revealed signs of rate overbought, not favoring further rate rise without correction. Therefore, considering preserved preference of bullish direction in planning trading operations for today, as earlirt, we can assume probability of rate return to close border of Ichimoku cloud at 1,2590/1,2610 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 1,2650/70, 1,2710/20 and (or) further break-out variant up to 1,2760/80, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Forex analysis on majors

 

[alessio09]

Activity in Euro Stalled

EUR/USD

The estimated test of key supports has been implemented with conditions for implementation of the pre-planned buying positions. OsMA trend indicator, having marked formation of reversal bullish signal, favors holding of long positions with the targets of 1,2650/70, 1,2710/30 and (or) further break-out variant up to 1,2770/90, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Forex technical analysis on majors

 

[alessio09]

Activity in Euro Subdued

EUR/USD

The earlier opened and held buying positions did not have any positive result in attainment of the anticipated target. Nevertheless, low activity of both parties, marked by OsMA trend indicator, suggests holding of open long positions with the targets of 1,2650/70, 1,2710/30 and (or) further break-out variant up to 1,2770/90, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Technical analysis on major currency pairs

 

[alessio09]

Bullish Trend in Euro Resumed

EUR/USD

The pre-planned break-out variant for buyers has been implemented, attainment of the anticipated target is favored by essential rise in bullish activity, marked by OsMA trend indicator at break of key resistance range levels. At this point, considering descending direction of indicator chart, taking into account general bullish priorities in planning, we can assume probability of rate return to close border of Ichimoku cloud at 1,2660/80 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 term buying positions, on condition of the formation of topping signals the targets will be 1,2740/60 and (or) further break-out variant up to 1,2800/20, 1,2860/80, 1,2940/60. The alternative for sales will be below 1,2590 with the targets of 1,2520/40, 1,2460/80.

Technical analysis on majors

 

[alessio09]

Euro Overbought

EUR/USD

The estimated rate return to key supports for implementation of the pre-planned buying positions has not accurately been confirmed, however, the anticipated rate rise revealed a sign of rate overbought not favoring further rate rise without correction. Therefore, considering preserved priority of bullish direction in planning trading operations for today, we can assume probability of rate return to close 1,2680/1,2700 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 1,2740/60, 1,2800/20 and (or) further break-out variant up to 1,2860/80, 1,2920/40, 1,2980/1,3000. The alternative for sales will be below 1,2630 with the targets of 1,2560/80, 1,2500/20, 1,2440/60.

Technical analysis on other majors

 

[alessio09]

Bullish Expansion in Euro to Continue

EUR/USD

The pre-planned break-out variant for buyers has been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by relatively high level of bullish activity, suggests preference of buying priorities in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to 1,2850/70 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 1,2920/40, 1,2980/1,3000 and (or) further break-out variant up to 1,3040/60, 1,3100/20. The alternative for sales will be below 1,2800 with the targets of 1,2740/60, 1,2680/1,2700.

Technical analysis on majors

 

[alessio09]

Bearish Concern in Euro to Rise

EUR/USD

The estimated test of key supports has not accurately been confirmed, however, the anticipated further rate rise revealed a sign of strong rate overbought, not favoring expectations of further rate rise without at least a period of correction. Therefore, at this point, taking into account progress of bearish activity, marked by OsMA trend indicator, we can assume probability of rate return to close 1,2940/60 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 1,2880/1,2900, 1,2820/40 and (or) further break-out variant up to 1,1760/80, 1,2700/20. The alternative for resumed buying positions will be above 1,3020 with the targets of 1,3060/80, 1,3120/40, 1,3180/1,3200.

 

[alessio09]

Rise in Euro Expected to Resume

EUR/USD

The pre-planned short positions from key resistance range levels have been implemented, but without attainment of the anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, suggests further rate range movement with no clear signs regarding planning priorities for today. Therefore, as for open sales hitting minimal 1,2880/1,2900 targets remains probable, 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 1,2940/60, 1,3000/20 and (or) further break-out variant up to 1,3060/80, 1,3120/40, 1,3180/1,3200. The alternative for sales will be below 1,2840 with the targets of 1,2780/1,2800, 1,2740/60, 1,2680/1,2700.

 

[alessio09]

Bearish Trend in Euro Resumed

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 progress of bearish activity, suggests preference of sales in planning trading operations for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to close 1,2760/80 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 1,2700/20, 1,2640/60 and (or) further break-out variant up to 1,2580/1,2600, 1,2520/40. The alternative for buyers will be above 1,2940 with the targets of 1,2980/1,3000, 1,3040/60, 1,3100/20.

 

[alessio09]

Bearish Momentum in Euro Weakens

EUR/USD

The anticipated rate return to channel line 1 has been confirmed, but relatively high rise of bearish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned short positions. Furthermore, considering the chosen strategy, the progress of bullish activity, as sellers` activity subdued, suggests preference of buying positions in planning trading operations for today. Therefore, at this point, we can assume probability of retest of this week`s low at 1,2600/20, 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 1,2660/80, 1,2720/40 and (or) further break-out variant up to 1,2780/1,2800, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2580 with the targets of 1,2520/40, 1,2460/80.

Forex technical analysis on majors

 

[alessio09]

Correction in Euro to Continue

EUR/USD

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked relatively low level of bearish activity, considering the chosen strategy, suggests preference of bearish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2660/80 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 buying positions, on condition of the formation of topping signals the targets will be 1,2720/40, 1,2760/80 and (or) further break-out variant up to 1,2820/40, 1,2880/1,2900, 1,2940/60. The alternative for sales will be below 1,2580 with the targets of 1,2520/40, 1,2460/80.

Technical analysis on majors

 

[alessio09]

EuroSideway

EUR/USD

The pre-planned buying positions from key supports have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked low activity of both parties, does not clarify the choice of planning priorities for today. Therefore, as earlier, we can assume probability of rate return to close 1,2680/1,2700 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 1,2740/60, 1,2800/20 and (or) further break-out variant up to 1,2860/80, 1,2920/40, 1,2980/1,3020. The alternative for sales will be below 1,2640 with the targets of 1,2580/1,2600, 1,2520/40, 1,2460/80.

Technical analysis on majors

 

[alessio09]

Trading Plan in Euro Gets Bearish

EUR/USD

The pre-planned break-out variant for sales has been implemented, relative rise of bearish activity, marked by OsMA trend indicator, suggests preference of planning sales with holding of open short positions. At this point, considering ascending direction of indicator chart, we can assume probability of rate return to borders of Ichimoku cloud at 1,2680/1,2700 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 1,2620/40, 1,2580/1,2600 and (or) further break-out variant up to 1,2520/40, 1,2460/80. The alternative for buyers will be above 1,2800 with the targets of 1,2840/60, 1,2900/20.

Forex technical analysis on major currency pairs

 

[alessio09]

Volatility in EUR/USD Set Higher

EUR/USD

The anticipated rate return to key resistance range levels has not been confirmed, but relative rise of bullish activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. At this point, considering the current situation as mixed, however, with signs of bullish development incompleteness, we can assume probability of hitting 1,2760/80 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 1,2700/20, 1,2660/80 and (or) further break-out variant up to 1,2600/20, 1,2540/60, 1,2480/1,2500. The alternative for buyers will be above 1,2820 with the targets of 1,2860/80, 1,2920/40, 1,2980/1,3020.

Forex technical analysis on majors

 

[alessio09]

Bullish Break in EUR/USD

EUR/USD

The pre-planned break-out variant for buyers has been implemented, attainment of the anticipated targets is favored by essential rise of bullish activity, marked by OsMA trend indicator at break of key resistance range levels. At this point, considering preference of bullish direction in planning and taking into account current bearish position of indicator chart, we can assume probability of rate return to 1,2760/80 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 buying positions, on condition of the formation of topping signals the targets will be 1,2820/40, 1,2880/1,2900, 1,2920/40 and (or) further break-out variant up to 1,2980/1,3000, 1,3040/60. The alternative for sales will be below 1,2660 with the targets of 1,2600/20.

Forex technical analysis on majors

 

[alessio09]

Expecting Further Rise in Euro

EUR/USD

The pre-planned buying positions from key supports have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preserved priority of bullish party activity in the bigger picture, suggests preference of bullish direction in planning trading operations for today. At this point, considering fall in activity of both parties, we can assume probability of further rate correction period with its return to close 1,2780/1,2800 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 1,2840/60 and (or) further break-out variant up to 1,2900/20, 1,2960/80, 1,3020/40. The alternative for sales will be below 1,2700 with the targets of 1,2640/60, 1,2580/1,2600.

Forex technical analysis on majors

 

[alessio09]

Euro/Dollar Overbought

EUR/USD

The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked this month`s top by a sign of rate overbought, suggests further probable rate range movement, but with preserved preference of bullish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2840/60 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 1,2900/20 and (or) further break-out variant up to 1,2960/80, 1,3020/40, 1,3080/1,3100. The alternative for sales will be below 1,2700 with the targets of 1,2640/60, 1,2580/1,2600.

Technical analysis on majr currency pairs